Investment stories - Page 24

A new report from Accenture reveals that many organisations are not seeing the expected results from cloud initiatives.

Equinix invests $144m in new data center in Singapore named SG5, meeting the increasing demand for cloud connectivity.

Only 37% of businesses are getting the full return on investment expected from their cloud investments, according to a report by Accenture.

EQT Infrastructure will continue to operate EdgeConneX with plans to pursue 'aggressive' growth in existing and new markets worldwide.

New Zealand urged to focus on innovation and knowledge economy to reset economic future in post-COVID era, says report.

Almost half of organisations (47%) plan to increase investments in IoT technologies despite COVID-19's impact on revenue, according to Gartner.

The investment into Roubler will see MYOB integrating the workforce management platform into its own offerings.

WhiteHawk Limited has been awarded a fiscal 2021 option extension of US$1.5 million (A$2.1M) under an existing seven-year contract.

GeoSpock secures $5.4m in strategic investment for its database technology solutions, bringing total funding to over $32m.

Beyond Limits, an AI technology company, has raised $133m to drive global expansion, with investments from Group 42 and bp ventures.

Businesses worldwide have increased their IT spend this year due to the COVID-19 pandemic, leading to new concerns around IT budgets and cost control.

PPRO, the local payments platform-as-a-service provider, has announced an 85% volume growth and new investment from Sprints and Citi.

Despite the COVID-19 pandemic, over 30% of Australian and New Zealand businesses plan to increase budgets for AI in 2020, says IDC report.

Exxon Mobil – the largest United States oil and gas company – suffered the hardest hit, losing a market cap of US$82.02 billion in the last six months.

Alibaba Cloud plans to invest US$283m to support partners in joint innovations and digitalisation capabilities.

Alibaba Cloud is investing USD $283 million to speed up global partner innovation, aiming to boost digitalisation and create joint products for diverse sectors.

Focusing on returns, rather than adopting AI for its own sake, will drive the emergence of rapid AI ROI throughout the rest of 2020.

Data scientists spend just 12% of their time delivering insights, according to IDC. Silos and admin tasks are to blame.

Razer commits USD $50 million to aid business partners hit by COVID-19. The funds will be distributed via Razer Gold, Razer Fintech, and ZVentures.

Macquarie has acquired an 88% stake in AirTrunk, valuing the hyperscale data center provider at over A$3bn ($2.2bn).