Network Communications News (NCN) December 2016 - Page 6

I NDUST RY NEW S Data explosion intensifies demand for business intelligence tools that analyse multisource data in diverse formats Frost & Sullivan’s TechVision team has found that artificial intelligence, Internet of Things (IoT), augmented reality and mobile technologies can offer accurate prediction and simulation of complex datacentric problems. A data explosion, spearheaded by the rapid proliferation of Big Data, cloud and in-memory computing is making a strong case for the greater ‘technologification’ of business intelligence (BI) solutions. The market is moving away from traditional BI processes involving complex spreadsheets, toward agile BI solutions that offer a deeper understanding of correlations in data. New-age BI solutions boast improved interactivity as well as enriched data and user experience, enabled by advanced analytics and artificial intelligence (AI). Data driven machine intelligence from AI and analytics will prove particularly useful for real time, accurate insights. Technologies Transforming Business Intelligence is a new analysis from TechVision. It finds that BI is gradually shifting from on premise data storage and intelligence models to cloud based, on-demand and flexible offerings. The demand for mobile BI solutions is also on the rise. There is also high demand for self-service BI with personalised user experience on mobile devices. Wearable devices like smart glasses powered by augmented reality technology will be extensively used for personalised BI experiences. Another important trend that will influence future BI solutions is technology convergence. Leveraging convergence, next-generation solutions will be able to achieve superior scales of data processing and data driven intelligence from massive data sources, facilitating accurate prediction and simulation of complex data centric problems in every sector. Future technologies and trends such as IoT, brain computer interface (BCI) and virtual reality (VR) are set to open up new dimensions in BI, with future BI experiences expected to be both interactive and personalised. Broadcom to acquire Brocade Communications Systems for $5.9 billion Broadcom is set to acquire Brocade for $12.75 per share in an all cash transaction, valued at approximately $5.5 billion plus $0.4 billion of nebt debt. Broadcom expects to fund the transaction with new debt financing and cash available on its balance sheet. Broadcom, with the support of Brocade, plans to divest Brocade’s IP networking business, consisting of wireless and campus networking, data centre switching and routing, and software networking solutions. This strategic acquisition enhances Broadcom’s position as a provider of enterprise storage connectivity solutions to OEM customers. With deep expertise in mission-critical storage networking, Brocade will increase Broadcom’s ability to address the evolving needs of their OEM customers. Upon closing, the transaction is expected to be immediately accretive to Broadcom’s non-GAAP free cash flow and earnings per share. Broadcom currently anticipates that Brocade’s FC SAN business will contribute approximately $900m, of pro forma non-GAAP EBITDA in its fiscal year 2018. New study indicates major shifts in IT labour market More than one third of IT professionals plan to search for a new employer and one in four plan to accept a new job next year according to IT management tools provider, Spicework’s latest study. Tech Career Outlook also found that 69 per cent of IT professionals plan to switch jobs to advance their IT skills, while 64 per cent are looking for a more competitive salary and 40 per cent want to work for a company that makes IT more of a priority. The survey results show that although 61 per cent of IT professionals feel appreciated by their current employer, 59 per cent feel they’re underpaid. However, 70 per cent of respondents expect the IT job market to remain favourable in 2017, leading many to believe higher paying jobs with more potential for advancement will exist in the coming year. In terms of the tech skills necessary to be successful, 95 per cent highlighted cybersecurity expertise. As a result, 62 per cent said they plan to focus on improving this skill via certifications or training. Respondents came from a variety of industries including manufacturing, healthcare, nonprofits, education, government, and finance. 6 07-8 Industry News.indd 6 02/12/2016 10:58