The European Commission has fined Google €2.42 billion for breaching EU antitrust rules. Google has abused its market dominance as a search engine by giving an illegal advantage to another Google product, its comparison shopping service, according to a European Commission statement. The company must now end the conduct within 90 days or face penalty payments of up to 5% of the average daily worldwide turnover of Alphabet, Google's parent company.
Cloud and Enterprise Business
Ethiopian Prime Minister Hailemariam Desalegn looked to collaborate with Huawei to build the ICT industry in Ethiopia during his meeting with the company's chairwoman, Sun Yafang, in Beijing on May 13.
Today, Visa announced that its Everywhere Initiative, an innovation program designed to encourage the development of the "next big thing" in payments, will expand into the Middle East and North Africa (MENA) region. Entrants in Visa's first-ever MENA Everywhere Initiative will have the opportunity to compete for a chance to win up to US$50,000 to support a development program with Visa, or through business partnership with Visa's clients, and potentially have access to Visa APIs, executive mentors and technologists.
Witnessed by His Majesty King Salman Bin Abdulaziz Al Saud, the Custodian of the Two Holy Mosques, and German Chancellor, Angela Merkel, during her trade mission to the Kingdom, SAP announced a plan to launch the SAP Cloud Hub, in collaboration with the Saudi Ministry of Communication and Information Technology represented by the National Digitization Office, to support the acceleration of Saudi Vision 2030 and meet the Kingdom's digital transformation goals.
Rohde & Schwarz Cybersecurity, a leading IT security provider, and Arkessa, a leading M2M managed services provider announced the launch of a joint multi-level IoT platform solution. It unlocks the full potential of IoT by enabling secure interactions across digital ecosystems of devices, people and systems.
The internet of things - a network that is long on promise - now has to confront the stark realities of operation. The challenges surrounding security, standardisation, interoperability and profitability serve to remind market stakeholders that they must recognize their own strengths and weaknesses. Similarly, for consumers and businesses to adopt this network, a relationship of trust needs to be established.
The world’s increasing consumption of data, combined with the trend of businesses and service providers outsourcing their data center facilities rather than owning and managing them, has resulted in significant growth in multi-tenant data centers (MTDCs). In fact, one analyst firm has predicted that total operational square footage of global MTDCs can reach approximately 177 million by the end of 2018.
How much is big data really worth? That's the question analysts have been tackling. Some suggest big data is becoming more dominant in determining the valuation of a company. There's been a shift in the way organizations are valued, from those that own tangible assets to those that were built on big data, like Facebook and Uber. Those in the business of valuing corporate investments will increasingly be forced to "consider a company's wealth of information in properly valuing the company itself," says industry analyst Douglas Laney.
British Airways was forced to cancel all its flights from London's two biggest airports on Saturday, May 27, after the company experienced a global IT system failure causing mass confusion and chaos. Thousands of passengers around the world were left queuing for hours trying to get information at airports, and planes were stranded on runways.
2016 was definitely an interesting year in terms of significant advancements in the telecom industry as a whole, but what does 2017 hold for us? Check out the latest predictions!