Author: Scott Dylan

In 2018, global banks are aligning their strategies with technological advancements to meet evolving customer expectations. The primary focus is on enhancing cyber security, reflecting a shift towards digital transformation.Banks are prioritising investments in technology to improve efficiency and manage risk, aiming to strengthen their market position amidst competitive pressures.A significant 89% of financial institutions identified cyber security as the top priority. This underlines an urgent need to protect sensitive data and maintain customer trust. Banks are increasingly aware that robust security measures are essential to safeguard against evolving cyber threats. This focus on cyber security is not just a…

A breakthrough in UAV technology promises to redefine aviation sustainability. Engineers are developing a solar-powered aircraft capable of year-long flights, with significant implications for modern avionics.This cutting-edge UAV, named PHASA-35(tm), is an innovative project by Prismatic and BAE Systems aimed at sustainable air travel. With its long endurance, it offers a cost-effective alternative to traditional satellites.Innovative Solar-Powered UAV TechnologyA cutting-edge development in UAV technology emerges through a collaboration between Prismatic and BAE Systems. This partnership aims to realise a solar-powered HALE UAV, known as the PHASA-35(tm), marking a significant advancement in sustainable aviation. The project envisions an aircraft capable of…

Sn-ap Travel Technology’s recent £3.4 million funding injection is set to revolutionise the on-demand coach travel sector. With this support, the company aims to broaden its reach and enhance travel convenience across the UK.The funding, backed by key investors including ADV and Oxford Capital, enables Sn-ap to utilise its machine learning platform to optimise travel experiences. This initiative represents a significant shift in how intercity travel is perceived and executed.Securing Significant InvestmentSn-ap Travel Technology, a London-based innovator in the transport sector, has successfully secured £3.4 million in a recent funding round. This investment is poised to transform the landscape of…

The digital transformation journey of major corporations continues to reshape the employment landscape, as evidenced by Virgin Media’s recent decision. The company plans to cut nearly 800 jobs in its Swansea operations center.This drastic move comes as part of a strategic £40 million initiative to consolidate operations and elevate workplace quality. Aiming for a streamlined digital experience, Virgin Media consolidates its customer operations into fewer centers, impacting several employees with proposed closures.The Shift to DigitalVirgin Media’s shift toward digitalisation, a part of a broader £40 million strategy, necessitates the reduction of its operational sites. This includes the closure of call…

Spotify’s initial earnings disclosure since becoming a public company surprised investors as its shares plummeted significantly.Despite achieving forecasted growth in users and sales, the market expected more from the digital music leader.Financial Performance and Market ReactionSpotify’s debut earnings report as a publicly traded entity failed to captivate investors, leading to a significant drop in its share price by approximately 10 per cent. Despite announcing satisfactory user and sales growth numbers, the financial markets had anticipated stronger results. This reaction underscores the challenges Spotify faces in meeting the high expectations set by its recent valuation of over $26 billion.The Swedish streaming…

Small and medium enterprises (SMEs) are finding innovative ways to elevate their market presence.Utilising AI, SMEs can now adopt technologies that make them appear more professional, often resembling larger enterprises.Adoption of Enterprise-Class TechnologyModern SMEs have unprecedented access to enterprise-level solutions that were once exclusive to large corporations. This accessibility allows small businesses to integrate advanced technologies at a fraction of the cost, enhancing their professionalism. Mike Wardell of Giacom Cloud Market highlights how AI and cloud technologies can empower SMEs to seem larger in scale and capability.Wardell suggests that AI can facilitate a more credible and professional image. By understanding…

In the volatile world of cryptocurrencies, the possibility of a major market adjustment looms. A leading investment bank’s forecast suggests a substantial culling, with up to 90% of digital currencies potentially disappearing within a year.While this prediction might unsettle investors, it could pave the way for a more robust and sustainable digital financial ecosystem. The coming months will be telling for both investors and innovators in this space.The Predicted Downturn in CryptocurrenciesA leading investment bank has foreseen a potential collapse in the cryptocurrency market, predicting that up to 90% of all digital currencies may vanish within the next year. This…

Estonia is taking bold steps to attract international tech enthusiasts. With its innovative policies, the country aims to address its skills shortage by incentivising the recruitment of global talent.New legislation supports local companies with financial benefits, encouraging the hiring of foreign professionals in tech, digital, and creative sectors. This initiative highlights Estonia’s commitment to embracing global talent and fostering a diverse, innovative economy.Estonia’s government has introduced a forward-thinking policy that offers financial support to local businesses. These firms receive up to €2,000 for each foreign employee hired within tech, digital, or creative industries. This move is designed to alleviate the…

Twitter has urged its users to update their passwords following a recently discovered glitch.The social media giant assures users of no signs of breach but recommends caution.Understanding the Password IssueTwitter has uncovered a significant internal glitch that compromised password security. Passwords were stored in plain text in an internal system, rather than being secured through the typical hashing process. Hashing usually involves converting a password into a random set of numbers and letters, masking its original form. The discovery of this bug prompted immediate corrective measures from Twitter. The company explained that the error had been identified and resolved, although…

The debate surrounding video games like Fortnite and Minecraft continues. Are they beneficial or detrimental to children’s growth?With rising popularity, these games impact young minds. How they influence lifestyle balance warrants investigation.Fortnite emerged as a cultural juggernaut in 2018, captivating millions worldwide. With over 40 million users, it exemplifies engaging gameplay through its ‘Battle Royale’ mode. The game offers a ‘last-man-standing’ battle, attracting players on consoles and phones alike.Screen time concerns are not exclusive to children. Adults equally face a digital deluge, from work screens to leisure activities. A healthy mix is imperative for all ages.Game design influences player behaviour.…