Jeremy Hunt Statement: Tech Reacts to the Four ‘E’s
Digit | Scotland's Technology, Media & Events Hub
by elizabeth
2d ago
Jeremy Hunt’s statement at Bloomberg opened with a joke about ChatGPT, but any other specific references to tech innovations stopped there.  While Hunt echoed his goal to turn the UK into the next Silicon Valley, he went into no more specifics than he did in his autumn Statement.  What We Already Know Hunt began speaking to statistics that the UK is already very familiar with.  The UK’s digital technology is a trillion dollar industry, and has more unicorns than France and Germany.  AI alone could increase UK GDP by up to 10% by 2030, and fintech funding in 2022 was higher ..read more
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Data Privacy Day: Don’t Put all your Eggs in One Basket
Digit | Scotland's Technology, Media & Events Hub
by DIGIT Editor
2d ago
Data Privacy Day is of extra importance this year because of a dramatic increase in attacks designed to get around measures that make account log-ins more secure, and therefore protect our privacy. For example, in mid-September, Uber reported a network breach that led to shutting down some of its internal communications and locking its codebase to prevent any new code changes. The attacker reportedly targeted a contractor by repeatedly sending multi-factor authentication login messages until the contractor accepted and gave the attacker access, according to Uber. Several days later, video game ..read more
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Counterfeit Banknote Listings on Dark Web Spike by 91%
Digit | Scotland's Technology, Media & Events Hub
by DIGIT Editor
2d ago
New research from cybersecurity firm cybersixgill has revealed that 2022 saw an increase of approximately 91% in deep and dark web market listings advertising counterfeit banknotes. Despite last years Scottish Affairs Committee’s Access to Cash report, that showed that more than half (53%) of Scotland’s bank branches have closed since 2015 – the highest percentage loss out of the UK’s four nations – most businesses still accept cash leaving them vulnerable to the potential increased circulation of fake notes. The research also revealed that during this time, the number of unique actors selling ..read more
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New Glasgow Smart Meter Project Aims to Combat Cost of Living
Digit | Scotland's Technology, Media & Events Hub
by elizabeth
2d ago
Glasgow-based SMS plc, an energy solutions firm, is leading a consortium for a new research project aiming to demonstrate how smart meter systems can be used to develop Internet of Things (IoT) enabled solutions for UK households. Consumers could benefit from intelligently generated energy efficiency insights to reduce their home heating bills during the cost of living crisis. Tom Woolley, Smart Product and Strategy Director at SMS said: “This exciting project is yet another great opportunity to show how the smart meter system can be used as a platform for innovation. Through the ongoing smart ..read more
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IT Firm transACT Establishes Scottish HQ in Glasgow
Digit | Scotland's Technology, Media & Events Hub
by DIGIT Editor
2d ago
IT firm transACT Technology Solutions, is set to create 20 new jobs in Glasgow after establishing its Scottish headquarters in the city. The move comes as part of international expansion pla s for the London-based firm, which celebrates its 10th anniversary this year. The digital transformation specialist’s new headquarters can be found on West George Street, with recently appointed director Duncan Girvan (pictured) running the Scottish operation. The company has offices in Dublin and Gibraltar, with plans underway to open a North American hub later this year. Boasting excellent infrastructure ..read more
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UK’s First Electric Autonomous Bus Service Set to Launch
Digit | Scotland's Technology, Media & Events Hub
by DIGIT Editor
3d ago
The Mi-Link project features a 16-seat, single decker minibus which uses Fusion Processing Ltd’s CAVstar® Automated Drive System that combines a range of sensors including radar, LiDAR and optical cameras with state-of-the-art artificial intelligence to control all steering, acceleration and braking without the need for human intervention. As a fully electric and zero-emission service, the Mi-Link bus hopes to mark a step in the right direction for sustainable transport and mobility. The bus service offers passengers a free and green mode of travel from the Park’s work ..read more
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‘High-Risk, High-Reward’ UK Research Agency Established
Digit | Scotland's Technology, Media & Events Hub
by elizabeth
3d ago
The UK government has announced the establishment of the Advanced Research and Invention Agency (ARIA) as an independent body. The agency was established to fund ‘high-risk and high-reward scientific research as part of the government’s promise to bolster R&D.’ Designed with what the UK Government describes as ‘unique level of freedom’, the agency puts trust in the decisions of experts in their field, empowering them to quickly allocate funding in support of their research aims. Hoping to create transformational research programmes with the potential to create new technological capabilitie ..read more
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Comment | How the Metaverse Will Impact Customer Service
Digit | Scotland's Technology, Media & Events Hub
by DIGIT Editor
3d ago
The customer service sector has changed dramatically in the last few years, with the growing popularity of ecommerce and social media being a driving communicator between brands and customers. With technology advancements occurring regularly, it is no wonder companies are finding new and wonderful ways to connect with their customer bases. One advancement is the rise in the metaverse – augmented reality (AR) and virtual reality (VR). From virtual learning environments to 3D modelled products, the internet is changing the customer experience. Here, Kura explores some of the impacts that the met ..read more
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IBM Lays Off Nearly 4,000 Employees
Digit | Scotland's Technology, Media & Events Hub
by elizabeth
3d ago
IBM is the latest tech giant to join the slew of lay offs affecting major industry players in the last six months. The company announced that 4,000 employees would lose their jobs this week. According to the Bloomberg report, however, the lay offs are not for the same reasons other companies have cited in their redundancies. While other companies are downsizing after rapidly hiring during the pandemic, IBM is releasing workers who previously held positions in the Kyndryl and Watson Health units, which have since been spun off the company. Chief Financial Officer James Kavanaugh estimated the l ..read more
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How Critical is Cybersecurity to Digital Transformation?
Digit | Scotland's Technology, Media & Events Hub
by elizabeth
3d ago
Cybersecurity is vital to digital transformation, UK tech leaders agree, with 41% of them identifying it as an enabler of innovation in their organisation. New research commissioned by Telstra, the telecommunications and technology company, surveyed 301 technology decision-makers in the UK to find out what they thought was most important to their company growth. Since the pandemic, the UK has experienced rapid levels of digital transformation, which only increased the security risks as more services moved to the digital landscape, and new devices were introduced to legacy systems. Organisation ..read more
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