The store of the future has arrived and it is threatening to leave technology laggards behind.
The modern store is equipped with cameras that look at you, guess your tastes based on your gender, age and behavior, and send deals to your smart phone accordingly.
It also has the technology to reduce endless check-out lines and speed up the process for picking up something ordered online.
Norwegian telecoms incumbent Telenor is to start offering mobile phone-based insurance products to its customers in Asia in partnership with UK-based MicroEnsure Holdings.
Set up in 2008 as a subsidiary of Opportunity International, a non-profit microfinance organization, MicroEnsure (Cheltenham, UK) already provides insurance services to more than 4 million people in the poorest parts of Africa and Asia.
When Amazon.com Inc CEO Jeff Bezos got word of a project at Google Inc to scan and digitize product catalogs a decade ago, the seeds of a burgeoning rivalry were planted.
The news was a "wake-up" call to Bezos, an early investor in Google (Mountain View, USA). He saw it as a warning that the Web search engine could encroach upon his online retail empire, according to a former Amazon (Seattle, USA) executive.
Cogeco Cable Inc, the main unit of media and telecom company Cogeco Inc, will buy Peer 1 Network Enterprises Inc for about C$526 million ($532 million) to expand its cloud computing and data hosting business.
Cogeco Cable (Montreal, Canada), which provides cable-TV, high-speed internet and telephone services, has been looking to increase its presence in the fast-growing data-center business due to tough competition in signing up new television customers in Canada.
Touch-technology specialist Atmel Corporation has announced a takeover of WiFi developer Ozmo in a move aimed partly at boosting its presence in the M2M sector.
The specific terms of the acquisition were not revealed, but Atmel (San Jose, USA) expects to finalize the transaction by the end of the year and says it will be accretive to its earnings in 2014.
Imaging specialist Technicolor is to provide a home automation tablet for use with Swisscom’s smart-homes service.
The Swiss telecoms incumbent has launched what it calls a “smart secure living offering” under the brand of “Quing Home”, allowing customers to control security, automation and energy management through a managed tablet or smartphone application.
Technicolor’s MediaTouch HomePilot tablet is now being positioned by the companies as “the ideal home automation hub for the connected home”.
T-Systems, the IT arm of Deutsche Telekom, has announced a restructuring of its business areas in response to the increasing usage of cloud services by its corporate customers.
From 2013 onwards, the company is to reduce the number of so-called ‘operative business areas’ from four to two, with Hagen Rickmann leading the sales area and Ferri Abolhassan in charge of delivery.
Rickmann has been head of service for T-Systems since March 2011, while Abolhassan is currently in charge of systems integration and the global production of ICT services.
Telekom Austria is reaching out to enterprise customers in central and Eastern Europe (CEE) with a new initiative aimed at spurring the adoption of M2M services.
Called ‘Unlock M2M’, the program is intended to facilitate the take-up of M2M technology by making it more accessible and affordable.
Productivity gains resulting from the “internet of things” could add between $10 trillion and $15 trillion to global GDP over the next 20 years, according to a new study from General Electric (GE).
The manufacturing giant reckons the “industrial internet”, as it terms the phenomenon, could find direct application in sectors accounting for more than $32.3 trillion in global economic activity, but expects this figure to reach about $82 trillion – one half of global economic output – by 2025.
Jasper Wireless retains its number-one spot in ABI Research’s latest ranking of Connected Device Platform (CDP) vendors, but Ericsson is starting to make its presence felt in the fast-growing sector.
The company, which was singled out as a “clear leader” in ABI’s July assessment, continues to beat off rivals, with its global footprint, dominant market share and vertical-specific expertise fundamental to its securing top position this time round.