Spike in use of cloud-based security to protect corporate data

A new survey of UK security practitioners by Exabeam shows a marked increase in the adoption of cloud-based security tools compared to an earlier study carried out in March prior to the COVID-19 lockdown. The latest data shows 88% of recent respondents said the accelerated move to the cloud was driven by the need to support a remote workforce. The survey tracks the adoption and use of cloud-based security tools.

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Mathematical idea reins in AI bias towards unethical, costly commercial choices

Researchers from the University of Warwick, Imperial College London, EPFL (Lausanne) and Sciteb Ltd have found a mathematical means of helping regulators and business manage and police artificial intelligence (AI) systems’ biases towards making unethical, and potentially very costly and damaging commercial choices. This, they say, is keeping an ethical eye on AI.

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AI negotiation platform Pactum closes $3mn seed funding

Pactum, an artificial intelligence (AI)-based platform that enables global companies to automate personalised commercial negotiations on a massive scale, today announced the closing of a $3 million (€2 million) seed financing round. This was led by Berlin-based Project A, a venture capital firm focused on innovative start-ups, with investments by DocuSign and other previous Pactum investors.

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Pick-by-Vision warehouse automation and 5G: Transformation during the pandemic

More than half of all distribution centres are still using paper to pick, pack, and ship. The results from this archaic approach are high levels of mis-picks, mis-packs, and mis-ships. Enter 5G. 5G networks offer paper-based, antiquated distribution centres (DCs) the opportunity to build smart facilities and create new revenue streams, says Thomas R. Cutler. Warehouse automation statistics show that automation is making a big impact on warehouses and distribution centres.

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Connecterra wins record funding as COVID shows food supply weakness

Breed Reply, a European investor in early-stage Internet of Things (IoT) businesses, has increased its investment in Dutch agritech company, Connecterra. As part of its Series B funding round, Connecterra has secured €7.8 million from existing investors, Breed Reply and Sistema, alongside new investors including AgTech specialists ADM Capital, French food safety enterprise Kersia Group and Dutch impact investor, Pymwymic.

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Kinaxis buys demand planning provider Rubikloud for $60mn

Kinaxis, a specialist in confident decision-making in an unpredictable world, has agreed to acquire Toronto-based Rubikloud for US$60 million (€53 billion). Rubikloud is an emerging provider of artificial intelligence (AI) solutions that automate supply chain prescriptive analytics and decision-making in the retail and consumer packaged goods (CPG) industries. 

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Three lessons from the bank holiday that European utilities and DER owners/ operators need to know

The late May bank holiday in Britain gave a real sense of the future of power generation. With significantly reduced demand thanks to the COVID-19 lockdown, at lunchtime on 25th May, over half of the electricity mix was being met by wind and solar. Over that weekend, we saw the energy mix of 2025 – today, says Thomas Jennings, head of Optimisation, Kiwi Power.

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Blend ingenuity and AI-based security to protect from hackers, says report

Crowdsourced security company, Bugcrowd has released its 2020 Inside the Mind of a Hacker report, studying the global hacking community. One of its key findings is that human ingenuity supported by actionable intelligence of the Bugcrowd platform were found to be critical ingredients in maintaining a resilient infrastructure.

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Saudi eyes economic turnaround as telecom and health investments pay off

The key part that sustained investments in Saudi Arabia’s digital infrastructure have played in helping to successfully contain the spread of the coronavirus and keep the Kingdom’s economic diversification plans on track is analysed in a new ICT-focused COVID-19 Response Report (CRR) by Oxford Business Group.

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