The study examines evolving market trends, major segments, significant investment pockets, value chains, regional landscape, and competitive environment in depth. The study is a useful source of information for major market players, new entrants, investors, and stakeholders in developing future plans and taking action to enhance their market position.

The increasing need for high-speed data connections and cloud storage, increased worldwide investment in data center networking technologies, increased technology penetration, and high demand for robust data center networking solutions fuel the global data center networking market’s development. North America is expected to continue its dominance in the market over the forecast period.

The study provides a thorough breakdown of the worldwide data center networking market by component, end user, and geography. With the use of tables and figures, the study analyzes each sector and sub-segment. This research assists market participants, investors, and new entrants in evaluating which sub-segments should be targeted for growth in the next years.

The post Data Centre Networking Market Drivers Shaping Future Growth, Revenue USD 61.2 Billion by 2031 appeared first on Enterprise Viewpoint.

Several products are affected by the defects repaired this month, however, the critical severity bugs affect SAP Business Objects Business Intelligence Platform (CMC) and SAP NetWeaver.

SAP is the world’s largest ERP vendor, accounting for 24% of the worldwide market with 425,000 clients in 180 countries. Its ERP, SCM, PLM, and CRM systems are used by more than 90% of the Forbes Global 2000.

The US Cybersecurity and Infrastructure Security Agency (CISA) recommended administrators in February 2022 patch a collection of significant vulnerabilities affecting SAP business apps in order to prevent data theft, ransomware attacks, and interruption of mission-essential processes and operations. Threat actors were seen in April 2021 using resolved holes in unpatched SAP systems to obtain access to business networks.

The post SAP releases security updates fixing five critical vulnerabilities appeared first on Enterprise Viewpoint.

The Boston-based software business released its GoTo Customer Engagement product this month, with the goal of bringing the GoToConnect phone system and customer contact capabilities to a wider audience. The solution is now being upgraded with the beta release of a new messaging helper powered by ChatGPT.

“This not only allows teams to respond faster to customer inquiries but also saves valuable time which can be put back into focusing on more impactful areas of the business and those customer interactions that are best created by a human,” GoTo says in a blog.

GoTo, like other IT companies that use the ChatGPT parent firm OpenAI’s API, is releasing a new script-generation tool that includes the generative AI chatbot. GoTo’s all-in-one IT management and support solution, GoTo Resolve, will feature a beta in the coming weeks to assist make designing and executing automation scripts easier.

“This is as simple as telling the program what you want to happen and having a script auto-produced to execute the operation,” according to the business. “Since IT teams are often short on time, we believe ChatGPT is the ideal platform for improving their efficiency by automating administrative and repetitive chores in a consistent manner.”

This is comparable to previous integrations between IT management software and ChatGPT, such as Atera and ConnectWise.

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Through the Qualcomm® IoT Services Suite and its ecosystem of 400+ Qualcomm® Smart Cities Accelerator program members, Qualcomm Technologies has acted as a catalyst in enabling the accessibility and ease of deployment for businesses and entities looking to adopt end-to-end smart solutions, fueling digital transformation and deployments of smart spaces. Implementing smart connected spaces frequently involves sourcing, developing and integrating multiple fragmented technologies. The unique IoTaaS model is designed to remove the need to invest in costly and fragmented efforts. Adopting IoTaaS enables streamlined, end-to-end solutions, taking the place of lengthy processes that previously took months or years and can shrink timelines to a matter of weeks. Ultimately this supports rollout with faster time to commercialization and provides increased accessibility to smart solutions and infrastructure for businesses and communities.

For this project, Zyter will be responsible for implementing its Smart Warehouse module running on the Zyter SmartSpaces IoT platform.  As a key collaborator with Qualcomm Technologies for the Qualcomm Smart Cities Accelerator Program ecosystem, the SmartSpaces platform breaks down silos of information by integrating and consolidating data from IoT devices and applications in a seamless interface. In addition, the Smart Warehouse will contain the private LTE CBRS (Citizens Broadband Radio Service) network cell sites powered by Qualcomm® RAN Platforms for Small Cells, and CPEs featuring  Qualcomm® Fixed Wireless Access Platform, with an upgrade path to 5G in the future. Members of the Qualcomm Smart Cities Accelerator Program ecosystem are supplying trackers, cameras, and sensors needed for enabling the smart warehouse. Zyter will be implementing and deploying the LTE private network as well as managing and installing the integration of all hardware, sensors, and the warehouse management system (WMS).

“We are pleased Zyter has chosen Qualcomm Technologies’ IoT products for another IoTaaS commercial deployment with the smart warehouse for OneScreen,” said Sanjeet Pandit, senior director and global head of smart cities, Qualcomm Technologies, Inc. “To directly address the fragmented nature of the IoT industry, our unique Qualcomm IoT Services Suite is helping to bridge the gap for IoT service providers and entities looking to efficiently and effectively deploy smart solutions and is revolutionizing the way businesses and entities modernize their practices.”

“I am pleased to work with Zyter and Qualcomm Technologies, utilizing the Qualcomm IoT Services Suite to enable a smart warehouse in San Diego.  Implementation of the digital twin, autonomous mobile robots (AMR), AR/VR use cases, and IoT sensors will make this a state-of-the-art operation,” said Sufian Munir, chief executive officer, OneScreen. “This next-generation smart warehouse will increase productivity, enable automated inventory control, safety and security within the facility and save time and money for employees and customers.”

“This smart warehouse project exemplifies how Qualcomm Technologies and its IoT ecosystem are essential to enabling the global digital transformation of many different industries,” said Sanjay Govil, founder and chief executive officer, Zyter, Inc. “Bringing IoT, artificial intelligence and virtual reality technologies to warehouses takes operations to a level never seen before.”

The post Qualcomm IoT Solutions Power Modern Smart Warehouse by Zyter for OneScreen appeared first on Enterprise Viewpoint.

Similar to Google’s (GOOGL.O) DoubleClick, MoPub allows corporations to track ad inventory in real-time, generating around $188 million in yearly income for Twitter last year.

“The sale of MoPub positions us to concentrate more of our efforts on the massive potential for ads on our website and in our apps,” Twitter Chief Financial Officer Ned Segal said.

Twitter announced on Wednesday that it will concentrate on its core business by speeding up the development of new products and services in order to meet its target of doubling revenue to $7.5 billion by 2023.

The MoPub acquisition comes months after Apple upgraded its mobile operating system, which runs on iPhones and iPads, to make it more difficult for digital advertisers, such as social media platforms and mobile game developers, to follow consumers on Apple devices.

The sale will allow Twitter to invest in “the core products that position it for long-term growth,” Twitter Chief Executive Officer Jack Dorsey said on Wednesday.

In 2013, the social media business paid approximately $350 million for MoPub. As it works to meet its revenue goal of $20 billion by 2023, Twitter has struck a number of transactions with privately held software companies, including audio app Breaker and email newsletter service Revue. Twitter’s board of directors unanimously authorized the sale to AppLovin.

AppLovin, which went public in April, is a mobile gaming firm with over 200 free-to-play mobile games in its portfolio, including “Word Connect,” “Slap Kings,” and “Bingo Story.” In extended trading, the company’s shares were up 9% to $84 while Twitter was up 2% to $62.57.

The post MoPub, Twitter’s mobile ad unit, will be sold for $1 billion. appeared first on Enterprise Viewpoint.

The money will be used to help the company expand in India and improve its multi-cloud video commerce technology platform, which allows retailers to empower their in-store employees to provide a worldwide audience with an immersive video purchasing experience.

“Wherever they end consumer is involved, Live Commerce will play a major role in enabling sales by bridging the online-offline divide. Right now it may be eCommerce, but if other industries such as Financial services Real-Estate, Automobile, Travel, and Hospitality, etc adapt, then we are potentially looking at a $1Trillion opportunity at play here which means video led sales engagement models will occupy 10-15% of global eCommerce market share by 2025,” said Kaizad Hansotia, Founder and CEO.

This year, the company saw a 300 percent year-over-year increase in revenue, and it will soon begin raising an institutional round to accelerate its growth and expand into new categories beyond eCommerce as it prepares to enter the US and European markets by early 2022, with a goal of becoming one of the top five global players pushing the boundaries of technology with experiential commerce.

Swirl, founded in 2017 by Kaizad Hansotia and Bheshaj Joshi, uses Shoppable Videos, Livestream Shopping, and 1:1 Virtual Shopping to help marketers convert 3X more customers. The technology is cutting-edge, infinitely scalable, and includes a proprietary layer on top of the video that uses Text, Chat, WhatsApp, SMS, and Voice to create a human-like buying experience.

Swirl gives organizations complete control over their client data and provides real-time interaction metrics as well as post-show data points to help them optimize campaigns for future sales. It also integrates with any website, whether it’s built on Shopify, WooCommerce, or any other bespoke eCommerce or CRM platform, without requiring any coding.

“I think video social interactive commerce is an idea whose time has come and 5G will only accelerate this trend. Happy to be a part of Swirl’s journey to becoming a global leader in this space,” said Siddarth Razdan.

The post SWIRL raises $250,000 for its Live Video Commerce platform, which will aid sales-driven firms in their online endeavors appeared first on Enterprise Viewpoint.

Rathnam, who joined Uber about a year ago, plans to leave in early October, the spokesperson said. Rathnam was previously an executive at Amazon, where he oversaw product selection and catalog systems, teams. According to his company biography, he formerly worked at Microsoft and Oracle.

After Rathnam goes, it’s unclear how Uber’s technical teams will be structured. According to the report, Rathnam has been at odds with Sundeep Jain, the company’s chief product officer. Rathnam has been with Uber for nearly a year. According to the article, his resignation could be revealed as soon as this week. Uber did not respond to a request for comment right away.

The post It has been announced that Uber’s chief technical officer would be stepping down. appeared first on Enterprise Viewpoint.

The fake news release celebrating Walmart’s adoption of bitcoin as an online payment method caused a sharp rise in its price, but the gains were short-lived once Walmart published a statement claiming the press release was fake.

“Walmart had no knowledge of the press release issued by GlobeNewswire and there is no truth to it. Walmart has no relationship with litecoin,” said the company spokesperson.

GlobeNewswire issued a statement instructing readers to “disregard” the news release and stating that it had implemented additional authentication procedures to prevent a repeat of the occurrence.

“We will work with the appropriate authorities to request – and facilitate – a full investigation, including into any criminal activity associated with this matter,” GlobeNewswire said in an emailed statement.

Litecoin Foundation, on the other hand, indicated in a Twitter message that it had no idea where the press release came from.

The foundation is a non-profit organization headed by litecoin founder Charlie Lee, who told Reuters in an email that the fraud was being examined but that no progress had been made. Lee also stated that he barely owns five litecoins and hence has no motivation to make the fake announcement himself.

Referring to a now-deleted post by litecoin’s verified Twitter handle sharing the fake announcement, Lee said: “It was our mistake for retweeting using @litecoin.”

“We will make sure to have stricter controls on our social media accounts so that something like this doesn’t happen again.” said the company spokesperson.

The post Walmart is investigating a fake press release about a litecoin partnership. appeared first on Enterprise Viewpoint.

Brevan, which is recognized for its macroeconomic bets, has been one of the most high-profile hedge funds to enter the realm of crypto trading, which is known for its turbulent markets and potential for large returns.

The asset manager announced the formation of BH Digital, a new division dedicated to the management of bitcoin and digital assets. It also announced that Colleen Sullivan, the current CEO of CMT’s digital unit, will head private and venture crypto investments.

Brevan’s expansion follows other high-profile money managers who have entered the market in recent months. Paul Tudor Jones, a hedge fund manager, has invested in bitcoin, and Man Group (EMG.L) markets bitcoin futures.

According to a report released by PriceWaterhouseCoopers, the Alternative Investment Management Association, and Elwood Asset Management, total assets under management of crypto hedge funds worldwide nearly doubled to $3.8 billion in 2020 from US$2 billion the year before.

Institutional interest is growing as a larger selection of cryptocurrencies become available, but bitcoin and ethereum, the world’s most well-known coins, are trading considerably below their all-time highs.

“What was initially seen as something of a fad now appears to be becoming a more permanent structure of the financial landscape and this has started to see what were initially fringe financial instruments moving to become more mainstream and very much forcing the institutional interest we are now seeing,” said Stuart Cole, head macroeconomist at London-based Equity Capital.

The rise in institutional interest has rippled over to the trading space. Eurex, Deutsche Boerse’s derivatives exchange, launched bitcoin futures on Monday to feed on the growing interest. Institutional interest in trading cryptocurrencies has risen this year, according to Coinbase, one of the world’s largest cryptocurrency exchanges.

Coinbase stated in its second-quarter letter to shareholders that cryptocurrency turnover reached a new high of $462 billion in the three months ending in June. Institutional investors traded $317 billion of this, while individual clients traded the balance. From the first quarter of 2018, when retail investors accounted for the majority of bitcoin trading, this ratio has flipped. While hedge funds and exchanges have rushed to capitalize on the movement, big banks have lagged behind, with their wealth management clients mostly pressuring them to offer bitcoin trading.

Citigroup Inc. (C.N) is exploring offering bitcoin futures trading to a select set of institutional clients, while Standard Chartered has established a cryptocurrency research section.

The post Brevan Howard develops his crypto business as institutional interest rises. appeared first on Enterprise Viewpoint.

It was another court victory for unions seeking improved pay and benefits for gig economy workers, following a similar ruling in the United Kingdom earlier this year.

The Amsterdam District Court agreed with the Federation of Dutch Trade Unions, which contended that Uber’s around 4,000 drivers in the capital are in fact taxi drivers who should be entitled to the same advantages as taxi drivers.

Uber said it would appeal against the decision and “has no plans to employ drivers in the Netherlands”.

“We are disappointed with this decision because we know that the overwhelming majority of drivers wish to remain independent,” said Maurits Schönfeld, Uber’s general manager for northern Europe. “Drivers don’t want to give up their freedom to choose if, when, and where to work.”

The court determined that drivers who carry clients via the Uber app are covered by the taxi transportation collective bargaining agreement.

“Due to the judge’s ruling, the Uber drivers are now automatically employed by Uber,” said Zakaria Boufangacha, FNV’s deputy chairman. “As a result, they will receive more wages and more rights in the event of dismissal or illness, for example.”

According to the court, Uber drivers are entitled to back pay in some cases. Uber was also fined 50,000 euros ($58,940) by the judges for failing to comply with the terms of the taxi drivers’ collective bargaining agreement.

After losing a Supreme Court case in February, Uber announced in March that it would improve workers’ rights, including the minimum wage, for all of its more than 70,000 British drivers.

Uber also faced legal challenges in the United States, with the Supreme Court rejecting its attempt to avoid a lawsuit over whether its drivers are employees or independent contractors in May.

The post According to a Dutch court, Uber drivers are employees, not contractors. appeared first on Enterprise Viewpoint.