Welcome to our latest round-up of news from the technology and hosting world. Here’s what we’ve discovered this week.
Bitcoin goes mainstream
While everyone has heard about the cryptocurrency, Bitcoin, few people have ever used it. Indeed, few people even understand what it is, how to get their hands on it or how to spend it. From January 2021, however, it’s going to be offered as a way to pay online by internet payment giant, PayPal. To help those with little knowledge of the virtual currency, it will also provide educational content about the cryptocurrency ecosystem.
From January, PayPal users can use Bitcoin to buy from the 26 million sellers who accept PayPal. Businesses will be paid in their local currency as PayPal will exchange the Bitcoin during the transaction at current values.
In addition, the move allows PayPal customers to buy and sell Bitcoin and other virtual currencies using their PayPal accounts. Unlike state-controlled currencies, such as the pound, euro and dollar, Bitcoin value is far more volatile and investing in it can be a risk.
50% of all work tasks done by machines within 5 years
According to the World Economic Forum (WEF), the quantity of work-related tasks carried out by robots, technology and automation will rise from the current 33% to 50% by 2025. The employees most at risk of losing their jobs are those with routine and manual administration roles and those working in data processing.
While the number of robots being used is predicted to wipe out almost 100 million jobs over the next five years, the robotics industry is set to create an equivalent number of new roles. Though this will balance out the numbers, it is the less-skilled workers who will bear the brunt of redundancies.
In research that covered 300 of the world’s leading businesses, the WEF also discovered that half the companies were speeding up the automation of roles and 43% expected to make redundancies because of technology. The pandemic has led many companies to accelerate automation and digital transformation.
It is not all bad news for workers: businesses expect a considerable rise in jobs that rely on human skills, like advising, caring, communicating, decision-making, interacting and reasoning. The green economy, in particular, is expected to boom with the advent of new technology.
Cisco report highlight’s remote working security concerns
Cisco’s The Future of Secure Remote Working Report highlights concerns about remote working security. The survey of global IT decision-makers shows that companies believe cybersecurity has become more important since the pandemic, with secure, remote access to data being the chief challenge for 62% of businesses. Additionally, the majority of companies see the security of corporate laptops and personal devices as a concern.
Two-thirds of businesses are set to increase investment in security as a result of the pandemic, with a focus on tools and technologies that enable employees to safely access data and apps from any device.
Additionally, remote workers are increasingly worried about their own privacy, with many employees lacking confidence in their employers to keep their data safe. Cisco, meanwhile, believes that the huge increase in remote working will transform the way technology companies approach security, helping them improve the services they provide for customers and end-users.
Musk takes Microsoft cloud into orbit
Maverick tech pioneer, Elon Musk, has teamed up with Microsoft to develop satellite-based internet connectivity and cloud services in a move that will put them in competition with Amazon. As part of the joint venture, Microsoft will use SpaceX Starlink satellites to develop internet connectivity while launching a stream of low-orbit satellites to create a cloud platform.
The cloud platform, which will be known as Azure Space, is being built primarily to serve the space industry, of which Elon Musk’s Space X venture is a key player. It will provide cloud capabilities that meet the unique demands of the industry, including the simulation of space missions and satellite data insights while accelerating innovation both in space and on the ground.
gohenry goes to the cloud
Children’s pocket money payment card company, gohenry, has migrated its services to the cloud. The business, which operates in the UK and US, provides children with a widely accepted payment card that parents top up using an app on their phone. The app also provides parents with details on how and where the children spend their pocket money.
Over the last two years, the gohenry service has become increasingly popular, leading the company to need a digital infrastructure that could support its scalability demands. To this end, it has moved 99% of its services from a private hosting environment to the public cloud which, being internet accessible, better serves the needs of the company and its customers. At the same time, the scalability of the cloud provides gohenry with the cost-effective resources needed to cope with peaks and troughs in daily demand, with most parents logging in to top up cards in the mornings.
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