growth
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Blog
Australia’s Cloud Computing Growth to Reach $81 Billion by 2029
According to a new report, cloud computing was worth between $9 billion and $10 billion to the Australian economy from 2022 to 2023. However, continued enterprise cloud migrations and a boom in AI computing could push its annual contribution to GDP up to $81 billion by 2029. The report, endorsed by the Australian Information Industry Association and compiled by DT…
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Westcon-Comstor targets further growth with executive promotions
Global technology distributor Westcon-Comstor has announced a shakeup of its senior leadership team with four high-ranking leaders receiving executive promotions. As part of the reshuffle, Russell Blackburn, who previously held a senior role within the Cisco-focused Comstor arm of the company, now steps into the freshly created position of senior vice president of digital sales. In his new role, Blackburn…
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Databricks targets steep growth after historic funding round
Databricks has raised $10 billion in venture capital (VC) funding, marking one of the largest investment rounds in tech history. Founded in 2013, Databricks is built upon the open source Linux Foundation Delta Lake lakehouse system, though its Data Intelligence Platform announced last year marked a shift towards more AI integration following its acquisition of MosaicML. Just over a decade…
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How sustainable compute infrastructure supports business growth & opens up an AI advantage
Aging IT infrastructure can have a significant detrimental impact on enterprises, not least of all in the age of artificial intelligence (AI) and an increasingly competitive global business landscape. Research from McKinsey as far back as 2017 specifically highlighted legacy IT infrastructure as a major hurdle for tech leaders and organizations globally, with 85% of respondents identifying this as their…
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Broadcom records huge growth as CEO Hock Tan hails “successful integration” of VMware
Chip giant Broadcom has posted impressive Q4 and fiscal year results, citing strong VMware growth following an acquisition posed significant early challenges. Earnings for Broadcom’s full fiscal year saw revenue increase by 44% year-over-year to a record $51 billion. Infrastructure software revenue also grew to $21.5 billion, according to CEO Hock Tan. The firm has seen a positive reaction to…
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“Significant concerns” raised over impact of data center growth on regional energy grids
Researchers say they have “significant concerns” about the effect rapid growth in data center electricity demand is having on regional energy networks. Schneider Electric has published an investigation into the possible future of AI’s electricity consumption over the next decade, using system dynamics modeling to forecast scenarios for AI electricity demand in the future. ‘The breadth of AI’s projected electricity…
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AMD to cut around 1,000 staff to focus on “largest growth opportunities”
AMD has announced a 4% cut to its global workforce as part of a realignment of business priorities. According to reports from CNBC, AMD issued a statement saying it would be taking a number of steps ultimately resulting in a workforce reduction. “As a part of aligning our resources with our largest growth opportunities, we are taking a number of…
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Agilitas targets growth with chief revenue officer appointment
Agilitas IT Solutions has announced the appointment of Gary Lomas as its new chief revenue officer, as the channel services provider looks to drive growth and enhance its channel offering. The experienced sales veteran will commence his new role later this month, tasked with overseeing the company’s entire revenue cycle and strengthening its business resilience. He will also work to…
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Microsoft’s Azure growth isn’t cause for concern, analysts say – but as it battles AWS and Google its ability to meet data center AI demands could become a problem
The big three cloud providers have posted largely strong growth despite a slight falter from Microsoft Azure, but experts have told ITPro that flagging cloud earnings are to be expected. All three hyperscalers recently delivered Q3 earnings results, with AWS posting a 19% increase in sales year-on-year to $27.5 billion. The Amazon-owned cloud provider clocked an operating income of $10.4…
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Data centers will be critical to UK economic growth in the coming decade – but researchers have warned of a ‘data doomsday’ unless energy infrastructure is improved
The UK’s data center industry could grow tenfold by 2035, according to new analysis from techUK, but only if the government takes action on energy supply and planning reforms. A new report from the trade body found data centers are already contributing £4.7 billion in Gross Value Added (GVA) annually to the UK economy, £640 million in tax revenue, and…
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