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.

Read more: European Commission fines Google €2.42bn for abusing dominance as search engine

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.

Read more: Visa launches first Everywhere Initiative in MENA to foster regional payments innovation and...

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.

Read more: His Majesty King Salman Bin Abdulaziz Al Saud & German Chancellor witness MoU by Saudi Government...

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.

Read more: Rohde & Schwarz Cybersecurity and Arkessa launch solution for IoT connectivity and security

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.

Read more: Can operators overcome the obstacles facing the IOT market?

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.

Read more: CommScope forms multi-tenant data center alliance

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.

Read more: How big data’s disrupting traditional business valuation

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