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Wednesday 29 June 2022

Copyright changes squarely designed to attract and boost AI business

Intellectual Property Office logoFollowing consultation on AI in relation to copyright and intellectual property the Government has decided to move forward with the most radical of the options that had been identified, in order to make the UK a more attractive place for AI firms and assist its 10 year ambition to make the UK a global AI superpower.

To promote the use of AI the Government plans to amend copyright law to make it easier to analyse material for the purposes of machine learning, research and innovation, for the public good.

A key part of the plan is a Text and Data Mining (TDM) copyright and database rights exception. This will mean that anyone with lawful access to material protected by copyright should be able to carry out text and data mining analysis without further permission from the copyright owner. This will be highly valuable when it comes to sourcing data to train algorithms because access to suitable data is an ongoing issue for AI developers in the commercial area. Previously exceptions were limited to research and academia; the proposal provides commercial operations with greater freedom of movement, shifting the balance of power towards them. Rights holders will retain some rights and should still be able to charge for access but won’t be able to charge for the ability to mine data, or opt out.

Interestingly, there are no changes planned to the patent inventorship criteria or copyright of computer-generated works provisions i.e. AI systems cannot patent inventions, as there is debate over whether AI is able to invent without human assistance. This relates to the emergence of augmented intelligence – the use of AI/ML to augment human expertise not replace it. 

The changes will mean the UK’s copyright framework will be one of the most AI and research friendly in the world. They also take advantage of the UK’s ability to set its own copyright laws post Brexit and sets the UK in competition with the EU and its copyright directives. There is a levelling up aspect too – ensuring access to AI training data is not barrier for all bar large businesses. Ultimately, the changes appear to be a means to attract AI talent and business to the UK in recognition that AI will be at the forefront when it comes to supporting economic growth and resilience. 

Posted by: Angela Eager at 09:58

Tags: government   AI   data  

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Wednesday 29 June 2022

The Plan for Digital Health and Social Care

DHSC logoThe Plan for Digital Health and Social Care, published today, is intended to drive a rapid expansion in the use of technology and accelerate digital reforms of the NHS and social care system. It sets out the government’s vision of patients having access to quicker and more effective care, whilst delivering greater efficiencies. It follows the Data Saves Lives strategy, which was published earlier this month.  

This morning’s press release ahead of the publication of the full plan, focuses on expanding the use of remote monitoring, extending the functionality of the NHS App, and bolstering skills in the health and care workforce. The strategy is backed by the £2.1bn funding allocation over the 2022-23 to 2024-25 period for “innovative use of digital technology”, which was announced as part of last year’s Spending Review (see Autumn Budget & Spending Review 2021: Tech implications).

According to the government, over 280,000 people already used remote monitoring at home and in care homes for long-term conditions in the last year. To help drive improvements in patient outcomes, free up hospital beds and save clinicians’ time, we can expect a significant ramp up in the use of this technology. Its appropriate application will be vital to reduce treatment backlogs and workforce pressures.

More than 28 million people have access to the NHS App (not to be confused with the NHS COVID-19 app), but it looks set to offer a greater range of services in the future. By March 2023 the app will be able to: book COVID-19 vaccines; receive NHS notifications and messaging; view and manage hospital elective care appointments across participating trusts; see new information within GP records by default; and provide enhanced user management tools. Further plans include improving access to screening services; improving access to child health records; and improving access to clinical trials.

The other key area of focus in the Plan, is improving the digital skills in the health and care workforce. This includes developing a National Digital Workforce Strategy; creating an additional 10,500 specialist data and tech roles; embedding digital skills development into university curriculums; and increasing the availability of digital learning opportunities for adult social care staff.

We’ll take a closer look at the Plan for Digital Health and Social Care when the full document is published. Whatever the details reveal, it’s clear that digital technologies will have to play an even greater role in the future of health and social care if the system is going to counter the elective backlog, an ageing population with increasingly complex needs, staff and skills shortages and the ongoing COVID-19 pressures.

Posted by: Dale Peters at 09:56

Tags: nhs   strategy   government   healthcare   social+care   digital+transformation  

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Wednesday 29 June 2022

Investors flock to Birdie

LogoHealthcare tech platform provider, Birdie has landed $30m in Series B funding. This latest round, which was led by investment firm Sofina with OMERS Ventures and follow-on investment from Index Ventures, brings the total raised by the London-base start-up to $52m since its launch in 2017. The new monies will be used to both accelerate the company's growth in the UK and fuel further expansion across Europe.

Birdie's suite of products address the entire care process; from scheduling visits, creating care plans, preparing audit reports and invoicing to full-service care management. Now employing over 100 personnel, the company has seen demand for its SaaS-based solution increase three-fold over the last twelve months. Today, Birdie works with 700 care businesses and the platform supports 35,000 care recipients and 8,000 family members.

In 2020, Birdie was selected by NHSX, the Department of Health and Social Care (DHSC) and the Ministry for Housing Communities and Local Government (MHCLG) as one the 18 innovative digital solutions tested in support of vulnerable people during the COVID-19 outbreak (see here).  More recently, the company was named as a top two Home Health Tech provider in the cohort of top 150 Most Innovative Digital Health startups by CB Insight.

The already huge pressure on social care provision for older people in the UK is only becoming more acute. Technology will need to play an increasingly significant role in the delivery of these services if the burgeoning demands from an ageing population are ever to be adequately addressed. Birdie aims to become the technology hub that facilitates information sharing with both health practitioners and care communities for delivering personalised, preventative care at home. The company’s ambition will not be limited by any lack of market opportunity.

Posted by: Duncan Aitchison at 09:48

Tags: saas   funding   startup   software   socialcare  

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Wednesday 29 June 2022

**NEW RESEARCH** Market Trends & Forecast report 2022

Today, TechMarketView is delighted to announce the launch of its Market Trends & Forecasts 2022 report.

For more than a decade, the TechMarketView Market Trends & Forecasts reports have guided buyers and suppliers as they navigate change, opportunity, and challenge. Such is the demand for our market data and trends analysis of the UK Software and IT Services (SITS) market, that since 2020 we have published an in-depth report in Summer followed by a Market Outlook Update in the Winter. Furthermore, with a current global backdrop characterised by such uncertainty, there has arguably never been a time when gaining market insight is so important.  mtf

Georgina O’Toole, Chief Analyst at TechMarketView, commented: “Our 2022 Research Theme – Building Resilience – has looked more and more appropriate as the year has progressed. Uncertainty has become the norm and organisations are increasingly focused on being prepared for future – high impact – events. This is driving organisations, in both the public and private sectors, to accelerate their digital transformation programmes.

Our analysis of the UK SITS scene highlights that demand for digital, data, and technology services has boomed. The geopolitical environment and macroeconomic picture have pushed digital transformation higher up the agenda of many end user organisations. Investment in tech is seen as one way for organisations to become more resilient - from investing in AI and automation to mitigate against skills shortages, to investing in supply chain management technologies to provide better data analytics and visibility, to investing in business intelligence for improved strategic and operational planning. Last year, SITS market growth rate peaked at 9.3% as a result. And, while the rate of growth will fall away from this high, we are predicting a consistently strong SITS market through to the end of our forecast period in 2025.

The TechMarketView Market Trends & Forecast report has been authored by our team of market experts. It covers market forecast and growth rates to 2025 and explains market trends by services type (Consulting Solutions, Operations) and across industry sectors (both Public Sector and Commercial).

Can you afford to not read it?

Clients of the TechMarketView Foundation Service research programme can access the report here: Market Trends and Forecasts 2022.

If you do not have access to the Foundation Service programme, please contact Deb Seth.

Posted by: HotViews Editor at 09:30

Tags: markettrends   MarketForecasts   marketdata  

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Wednesday 29 June 2022

HPE enhances its GreenLake offering with new services

HPEHPE has announced new platform engagements and cloud services for HPE GreenLake, the company’s flagship offering. This includes a reimagined private cloud that provides a cloud-native experience as well as eight new HPE GreenLake cloud services.

This follows Q2 results at the beginning of the month which saw revenue inch forward 1.5%, however it’s as-a-service offerings (which includes GreenLake and other as-a-service offerings such as Aruba SaaS) grew 22% - See HPE inches forward on growth. Three years ago, HPE committed to delivering their entire portfolio as a service by 2022.

HPE GreenLake for Private Cloud Enterprise is a new offering that provides an automated, flexible, scalable, and enterprise-grade private cloud. It is built for both cloud-native and traditional applications and includes modular infrastructure and software which supports the deployment of bare metal, virtual machines, and container workloads. 

HPE also unveiled multiple cloud services designed to drive data-first modernization, these include; Managed services for Data Fabric, HCI (Hyperconverged infrastructure), Disaster recovery, Backup and Recovery service, Block storage and Compute ops management. The company also announced new Industry focused solutions including, HPE GreenLake for Payments - an end-to-end, pay-per-use payments service, as well as HPE GreenLake with FIS® Ethos™ - a collaboration with FIS® Ethos™ to provide a real-time customer data platform.

While HPE’s focus on as-a-service solutions is not yet materially impacting top line growth it is certainly a strong area that will position them well for the future. Hybrid and multi-cloud are the way most organisations choose to implement infrastructure today, with flexible consumption models providing the adaptability needed in rapidly changing market environments.

Posted by: Simon Baxter at 09:12

Tags: cloud   privatecloud   HPE   hybrid  

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Wednesday 29 June 2022

WorkBuzz gets more dosh to engage more employees

logoToday, Milton Keynes, tomorrow, The World!

I love entrepreneurs with ambition (goes with the territory, I suppose) and this is something that Steven Frost, founder and CEO of ‘employee engagement’ start-up, WorkBuzz (and former ‘Employee of the Month, Quarter and Year’ in financial services) clearly does not lack.

I first tripped across WorkBuzz after its initial seed funding round in March 2021 (see MK-based WorkBuzz engages funding for employee engagement). The platform is basically a survey engine and dashboard affair which appears to tick all the right ‘ee’ boxes.

When I checked pricing last year, WorkBuzz started at what I thought was quite a hefty £150 p.m. for a 25-employee organisation. It now looks like Frost as lifted the entry point to 70-employees, topping out at 2,500. However, the pricing ‘slider’ on the WorkBuzz website doesn’t work – either that, or WorkBuzz is free to use to everyone.

Launched in 2018, WorkBuzz has now secured a further £1.5m investment from existing backers Mercia and Foresight, both of which invested via the Midlands Engine Investment Fund (MEIF), alongside funding from private investors. The funds are to be used to ‘internationalise’ the platform for foreign markets. WorkBuzz already has clients in Australia, who I understand speak nearly the same language as in MK. A Series A raise is envisioned in 2023.

The thing is, there’s just so many ‘employee engagement’ start-ups in the market now, let alone similar functionality integrated into the hard-core enterprise HR platforms, that it makes it really difficult to pick a winner. WorkBuzz has reportedly doubled revenues over the past 15 months to some £2m, and that’s a pretty solid achievement. Breaking into non-English speaking languages – and organisational cultures – is a whole different buzz.

Posted by: Anthony Miller at 09:05

Tags: funding   startup  

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Wednesday 29 June 2022

HL picks Ecospend for open banking payments

EcospendOpen banking specialist, Ecospend Technologies has been selected by Hargreaves Lansdown to provide a “pay by bank” service for the wealth management giant's customers. Ecospend, which was founded in 2017, is an Account Information Service Provider (AISP) and a Payment Initiation Service Provider (PISP). Hargreaves Lansdown indicated that it selected Ecospend after assessing a variety of market options.

In 2020, Ecospend was selected by the UK government to provide payments processing for all of the HMRC’s tax regimes. Since the beginning of 2021 the vendor has been initiating payments in respect of self-assessment, PAYE, corporation tax and VAT. To date Ecospend has processed payments transactions worth around £2.5bn.

The direct, account to account payment process facilitated by open banking bypasses the inertia and cost of the traditional card networks. Adoption not only streamlines the process but can also offer significant savings by avoiding costly interchange fees. Meanwhile app-based or online approval also reduces the potential for transaction errors and fraud (see: Pace of change accelerates).

Posted by: Jon C Davies at 09:04

Tags: payments  

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Wednesday 29 June 2022

Rosslyn: working its way through its restructure

Rosslyn logoThe impact of the restructuring that was initiated during the first half of the year was, unsurprisingly, evident across the full year at Analytics-as-a-Service provider Rosslyn who expects to report revenue of £5.9m for the year to 30 April 2022. Although in line with expectations, this will be down from the £7.4m of the prior year. The FY business update also flagged that due to costs and an extended development period EBITDA losses are expected to be in the region of £3.2m-£3.4m compared to £1.3m for the prior year. 

There is more to come from the restructuring programme that has already seen the rollout of the modernised and rebranded Rosslyn platform (formerly RAPiD), alongside the rebranding of the company to Rosslyn. H2 will see the company further its pivot to a partner-led approach and pursue plans to divest its acquired Integritie and Langdon Systems offerings as they are no longer considered core. 

Positioning as partner-led operation based around a single platform will enable Rosslyn to better focus its resources. The platform itself, which focuses on data procurement and the data supply chain by way of a procurement data factory, management and workspace, is in a sweet spot given that data underpins digital transformation and resilience. There is work to be done still but the company expects to start seeing positive results in FY23 and encouragingly, says it is already seeing a record number of new inbound opportunities. 

Posted by: Angela Eager at 08:47

Tags: saas   analytics   tradingupdate  

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Wednesday 29 June 2022

Capita to grow 1% in H1

CapitaA first half trading update out this morning from Capita, has the Group growing revenues by up to 1% for the first six months of the year. However, as we saw at the most recent FY results, the business remains a tale of two divisions which continue to head in different directions growth wise (see Capita’s tale of two divisions).

In the first five months Capita Public Service grew by 2%, still benefiting from the annualised growth effect of previous wins whilst the Experience division declined by -3%, although the gap in performance between the two has narrowed considerably. By way of comparison, at the FY Capita PS had grown by 10.8% fuelled in part by the addition of its whopping Royal Navy training mega deal (see here), whilst Experience had declined -9.4% impacted by contract attrition from the likes of Tesco BankPhoenixVW Group and First Group.

Capita has a third division called ‘Portfolio’, which contains a range of businesses and assets that it is looking to divest. It grew 5% “as businesses recovered from Covid-related impacts” – most likely in things like Travel and Events. The update references three further disposal processes launched since the beginning of the year with the rest of the Portfolio businesses set to be ‘in train’ for disposal by year end.

Capita’s revenue growth is about where it expected to be, which given the volatility of recent years will be a sign to investors that the recovery plan has solid foundations and a platform for growth. Capita’s share price remains stubbornly low, but Sales (particularly renewals/extensions) year to date have been positive (see - Capita’s winning streak continues) with wins at BBC TV licencing (£456m TCV), Primary Care Support England (£94m TCV), Northern Ireland Education Authority (£51m TCV)and ScottishPower (£63m TCV), all of which will feed into future growth.

At the FY Capita outlined that it expected profits this year to be significantly weighted to the second half, with a reduced EBITDA margin reflecting the continuing impact of contract attrition and runoff in its closed book Life & Pensions business. Management says it remains on track to deliver positive free cash flow and a “material reduction in net debt” by the end of the year. We will provide more detail and analysis when H1 results are actually published.

Posted by: Marc Hardwick at 07:56

Tags: tradingupdate  

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Wednesday 29 June 2022

*UKHotViewsExtra* TechnologyOne committed to the UK

TechnologyOne logoTechMarketView recently caught up with Leo Hanna, Executive Vice President at TechnologyOne to discuss the progress the ASX-listed enterprise software company is making in the UK and its strategy for growth in the region.

Hanna took the reins of TechnologyOne’s UK operations in October 2021. He brought extensive experience of building and leading sales, marketing and professional services teams at Microsoft, Symantec, Oracle, Saba, and, most recently, through his role as Executive Vice President International at Corporate Visions. Hanna joined a business that has been making good progress, particularly in local government, but he believes it has incredible potential for further growth.

TechMarketView subscription service clients and UKHotViews Premium subscribers can read more about TechnologyOne’s UK progress to date and its plans for growth in our latest UKHotViewsExtra article: TechnologyOne committed to the UK. If you’d like information about the range of TechMarketView services and how to access them, please contact Deb Seth.

Posted by: Dale Peters at 07:00

Tags: erp   saas   software   local+government   higher+education  

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Tuesday 28 June 2022

*UKHotViews Extra* Will the IPO prove to be a fab choice for ‘fabless’ EnSilica?

logoMy first question to Ian Lankshear, co-founder and CEO of Abingdon-based ‘fabless’ ASIC (Application Specific Integrated Circuit) design and supply firm, EnSilica, was “why IPO now?”.

I was on a call with Lankshear and his minder, sorry executive chairman, Mark Hodgkins, following my recent post on their AIM launch (see Fabless EnSilica looks for fab launch on AIM). My concern was that EnSilica is still very small – under £9m in revenues last year – and loss-making. Wouldn’t remaining private and therefore out of the glare of the public eye (let alone the £200k a year or more involved in maintaining an AIM listing) be a better option for now?

TechMarketView subscription service clients and UKHotViews Premium subscribers can read more on UKHotViews Extra.

Posted by: Anthony Miller at 17:15

Tags: ipo   scaleup  

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Tuesday 28 June 2022

Acquisitions boost CloudCoco

cloudcocFirst half results from MSP and reseller, CloudCoco (for the period to the end of March 2022), reflect a big top line boost from acquisitions. The integration of those four firms is now “largely complete” and contributions have helped to more than double the revenue line to £11.6m. Gross profit was £3.6m. Managed Services account for 73% of revenue – the remainder is product resale. The firm’s share price was down nearly 4% at time of writing.

CloudCoCo has been undertaking “corrective measures” at IDE Group, acquired last October, so that it is now “performing at monthly breakeven”. At the time we pointed out the potential of the acquisition, and it certainly appears to be bearing fruit. There has been progress elsewhere, for example with the establishment of a sales academy and the continued winning of large, multi-year agreements (much larger than the firm would have been able to win before the acquisitions).

The rest of the financial year is looking positive and CEO, Mark Halpin, says he expects “to see additional growth in trading performance in the second half as our pipeline of larger multi-year deals is continuing to grow”.

Posted by: Kate Hanaghan at 09:50

Tags: results  

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Tuesday 28 June 2022

SAP and Oracle UK wins highlight cloud momentum

The buyer organisations are very different but recent contract wins by Oracle and SAP both showcase ongoing cloud momentum and organisations’ commitment to move critical functions to the cloud to achieve agility and transformation.

Oracle logoIn the public sector, the London Borough of Waltham Forest selected Oracle and systems integrator Evosys to supply and implement Oracle Fusion ERP for Finance, Procurement, Human Resources and Business Support functions in a £12m capex transaction, over three years to FY23/24. Within this, Evosys has just been awarded a contract worth c.£2m over two years. The cloud win highlights Oracle's cloud progress

The overall move by Waltham Forest is a significant cloud commitment that also forms part of a change journey that includes the move of staff to the modernised Town Hall, future moves to the New Civic and the Families & Homes Hub, increased agile working and improvements to how the Council operates and interacts with its customers. What is also notable is that Oracle Fusion was selected to replace an existing SAP system that was originally deployed in 2003 and upgraded in 2013. There were performance, usability and flexibility issues and it was also approaching end of life in terms of support but the decision was made to move to Oracle rather than upgrade via Rise with SAP. Oracle is finding success with Fusion ERP within local authorities - one of SAP’s areas of strength - having been selected by several authorities including four other London boroughs.

SAP logoAs progresses its own cloud business, SAP secured an important cloud win with Manchester Airports Group (MAG) that will see existing customer MAG use Rise with SAP, with S/4 HANA at the core, running on Amazon Web Services, to transform the digital systems that underpin its operations. With its business halted by COVID-19 travel restrictions in 2020 MAG initially went into survival mode but then as with many organisations chose to use the time to transform its systems to connect disjointed systems, standardize across the business, and make more effective use of the data from its Manchester, London Stansted and East Midlands airports.

It is planning a full digital transformation: MAG went live with Rise with SAP in March 2022, marking the start of a five-year transformation. The first phase will shift the existing SAP ECC estate to AWS, while also aiming to maximise use of its current SAP Ariba and SuccessFactors deployments, prior to redesigning financial processes, then carrying out the S/4 HANA update using Rise with SAP. The sequence is designed to reduce the risk of moving critical business systems and underlines the need to work on processes before undertaking technical changes. 

MAG is one of several UK companies including Unipart, Twinings Ovaltine, Inchcape, EG Group, and Asda, who have adopted Rise with SAP. 

Posted by: Angela Eager at 09:46

Tags: publicsector   contract   cloud   software  

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Tuesday 28 June 2022

Tribal performing ahead of expectations

Tribal logoEducation software and services supplier Tribal Group appears to have achieved a strong start to its financial year (ending 31 December 2022), with its cloud strategy and growth aspirations going well.

In today’s trading update the company has announced three of its existing customers—University of Sunderland, Birmingham City University and University for the Creative Arts—will migrate their current SITS:Vision Student Information Systems (SIS) to its Tribal:Cloud solution. The contracts range from three to five years, with a combined total contract value of £5m. Tribal sees Tribal:Cloud as an adoption pathway to its new cloud native Tribal Edge SIS. The company has also signed a new five year SITS:Vision contract with the British University of Vietnam with a total contract value of £1.7m, and was recently awarded a £6.5m 4-year extension for external moderation of National Professional Qualifications (NPQ) summative assessments by the Department for Education.

Management now expects revenue for the year to be marginally ahead of expectations (£82.8m) and EBITDA to be broadly in line with expectations (£16.4m). It expects H1 EBITDA will be lower than the prior year due to increased implementation costs, following the extension of project timelines as a result of previous COVID-19 restrictions.

The outlook for Tribal looks positive. It reports a growing pipeline of contract opportunities across multiple geographies and continued contract and ARR momentum.

Posted by: Dale Peters at 09:32

Tags: results   education   cloud   higher+education  

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Tuesday 28 June 2022

Founders’ ex-employers stump up dosh to fuel Journee’s journey

I just love the bit in the PR that goes “The service also has no real competition” and then goes on to talk about the competition!

logoThe ‘service’ is that provided by London-based ‘mystery trip’ start-up, Journee, and the perceived competition is from people who book trips themselves. Or you can google ‘mystery trips’ to find a host of other outfits that I guess they don’t see as competition.

The idea is that you fill in a form on the Journee website and ‘travel experts will match you with an interesting destination based on your travel personality’ and send you a proposal ‘free of charge’. If you book, you can find out a week before departure where it is you’re actually going, “However, most people wait until they’re at the airport!" And, no, you can’t then change your mind without losing your entire airfare and incurring substantial cancellation fees on accommodation.

Founded in 2019, Journee is the brainchild of entrepreneurs Ed Tribe, Megha Chaturvedi and James Gillard, all of whom worked at used fashion marketplace, Depop, but left long before it was acquired by US-based online marketplace Etsy for some $1.6b (if only …).  Second prize was a £1.75m seed funding round led by Fuel Ventures with some dosh from Depop founder Simon Beckerman and CEO Maria Raga. Beckerman since went on to found what appears to be an online deli called Delli, showing as “Opening in 2021”.

I think Journee’s business model is fraught with ‘challenges’, not the least of which is that it is labour intensive (“We're a small team and we spend many hours planning your trip, often months in advance”) which limits scalability. Then there’s the many hairy-scary caveats which, to the founders’ credit, they do spell out in a comprehensive FAQ page. And then they have to run the business on what I imagine is a wafer-thin margin they get from whoever they book the flights and accommodation with. Other than that, great idea!

Look, I love a surprise as much as the next bloke (so long as he doesn’t love surprises). But I don’t think I’d risk a heap of readies (starting at £425 for a 4-day trip) without knowing where I’m going. But apparently "thousands of happy travellers” do, so I wish them bon voyage but don't worry about sending a postcard.

Posted by: Anthony Miller at 09:24

Tags: funding   startup   traveltech  

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Tuesday 28 June 2022

Vodafone IoT tech helps serve strawberries to Wimbledon

VodafoneVodafone’s IoT technology is helping Hugh Lowe Farms – the exclusive strawberry supplier to Wimbledon – grow its strawberries.

Hugh Lowe Farms has supplied all the strawberries to Wimbledon for nearly 30 years, with more than 30 tonnes consumed by tennis fans at the event. Strawberries are however very susceptible to disease and the technology means that the farm can make better decisions on how to apply controls to protect them. This means better and more sustainable growing conditions, resulting in a higher quality of strawberry.

Vodafone has provided Hugh Lowe Farms with its MYFARMWEB solution alongside mobile asset trackers which enables the farm to track the journey of the strawberries. The technology will locate each load that is going to Wimbledon and provide detailed feedback on temperature, collisions and vibrations in the packaging. The usage of new innovative technologies such as IoT sensors and AI driven machinery are increasingly becoming a key part of food production and the logistics of getting goods to suppliers.

MYFARMWEB is a cloud-based platform which collects farm data to support decision making for better soil and crop health, effective water use, and precision fertiliser and pesticide application. This helps improve farm productivity and optimises farming practices, to help reduce greenhouse gases. So far, the solution has only been available in Germany, Spain, Italy and Ireland, as well as South Africa and Australia, so this latest implementation may mean further availability for UK farms.

Vodafone continues to have a strong focus on IoT which is estimated to currently generate around €900m of revenue. In their latest annual report Vodafone alluded to the IoT business being separated from other business units, which could possibly mean it being spun off for further investment, or to simply allow it to operate more independently.

Posted by: Simon Baxter at 09:17

Tags: iot   logistics   agriculture   farmtech  

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Tuesday 28 June 2022

Concentrix continues upward

ConcentrixCustomer management specialist Concentrix continues to enjoy life as an independent company, 18 months on from its spin-off by US distribution giant Synnex (see Concentrix completes spin-off from SYNNEX). Q2 results out yesterday show the company growing quarterly revenue 14.5% YoY to $1,568m (Q221 $ 1,370m), and operating profits by 22.4% to $157m (Q221 $128m).

Concentrix has grown through a series of acquisitions, but recent performance is likely more associated with the post-COVID acceleration to digital. Remote working has required ever increasing investment in new technologies to deliver genuine omni-channel services. Here, new partnerships with the likes of AmazonConnect to offer cloud-based contact centre solutions as well as the acquisition last November of PK, a CX design engineering company have strengthened Concentrix’s digital offer.

Full Year 2022 expectations are now for revenue in the range of $6.37bn to $6.42bn, which would represent YoY growth of approximately 14% to 15% or 9% to 10% on an adjusted constant currency basis.

Posted by: Marc Hardwick at 09:07

Tags: results   customerexperience  

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Tuesday 28 June 2022

WANdisco rings up biggest ever win

LogoData activation platform provider, WANdisco has landed an $11.6m “Commit to Consume” contract with a top ten global telco. The sale, under which 50% of the value is paid in advance with revenue recognised as the customer moves its data, is both the largest in the company’s history and a welome shot in the arm for a business which saw its revenue shrink by some 30% yoy to $7.3m in FY21 (see here).

The deal covers WANdisco’s LiveData Migrator (LDM) products which are being used to move the smart meter data the client collects from an on-premise Hadoop cluster to Azure and AWS cloud platforms. It builds on two similar agreements signed with the customer in March collectively worth $2.7m.

The AIM-listed distributed software company, which recorded losses of $39.8m last year (FY20: $33.9m), has a lot riding on both the LDM suite and the associated Commit to Consume commercial construct. The belated launch of the former last October was seen as contributing significantly to the disappointing FY21 performance. The latter is designed to bring WANdisco in line with cloud platform models and aligns its service to those of suppliers (and partners) such as Databricks and Snowflake. The demonstrable ability of these new offerings to deliver a big win is certainly encouraging. This sentiment appears to be shared by investors who, on the back of the deal announcement, have driven the company’s share price up by c.15% in early trading this morning.

Posted by: Duncan Aitchison at 08:54

Tags: contract   cloud   software   iot   data  

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Tuesday 28 June 2022

UKHotViews Premium - The individual subscription service...

HVP

Posted by: HotViews Editor at 00:00

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