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Weekly News: Open Source Coders Could Be Worth Millions


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Open source gold

Focusing on open source software solutions could save the European Union billions of euros a year. That’s according to a new report conducted by OpenForum Europe (OFE) under the European Commission’s direction, which concluded that a mere increase of 10% in open source production could increase the EU’s GDP by nearly €100bn.

The study estimated that in 2018 alone there were over 260,000 open source contributors in the EU. The volume of code they produced amounted to the full-time work of 16,000 developers, generating between 65 and 95 billion euros in value.  

The reveal comes as another study by IBM and O´Reilly suggests 94% of developers and technology managers prioritise open source skills over proprietary technology. Expertise in open-source tech like Linux and Kubernetes is almost twice (64.6%) as popular as skills tied to specific platforms like AWS or Azure. 

All thanks to the rise of the hybrid cloud, which requires a unified, flexible IT infrastructure and is expected to grow by 47% in the next three years. 

ITProPortal / TechRadar

Filling the AI skills gap

Artificial intelligence could change all our lives for the better, freeing us from repetitive tasks and allowing us to enjoy more free time and devote our energy to higher-level activities. That is, of course, if governments and business leaders around the world are able to promote the re-skilling of the workforce and bridge the already problematic talent gap.

That was the conclusion of a panel of European institutional experts at The Economist´s recent Innovation@Work summit, which acknowledged AI must be regulated to ensure it is an assistance to people’s lives rather than a hindrance. Ensuring data quality is key, while nations need to set up technology training efforts that produce the talent companies need. 

AI is one of the areas of IT where the talent gap is more apparent, especially as the technology keeps evolving at breakneck speed. Companies are a bit clueless regarding AI skills themselves. According to Gartner, 53% of business leaders believe the inability to identify skilled expertise is the number one impediment to workforce transformation. 

Diginomica

Also discover our article: How AI will allow recruiters to focus on people

Big tech goes green

One of the biggest critiques that can be made about big tech companies, besides their near economic monopoly is the carbon footprint they produce. Server farms and data centres, mining of the precious resources need to build hardware, emissions tied to the distribution of products. You name it. 

It is no surprise then that companies like Amazon, Google and Microsoft have made in recent years a pledge to reduce their impact on the environment and established ambitious goals for the near future. A move that has become all the more necessary considering mounting regulatory scrutiny by the US and EU governments.  

The solution? Investing in clean energy. 

According to an analysis by Bloomberg and the Financial Times, technology groups are the world’s biggest corporate buyers of green energy. From solar to wind farms, their clean-energy projects expand all across the globe, providing a growing portion of all their energy needs. 

Financial Times


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Weekly News: The Two-Faced Approach to Regulating Big Tech

The Two-Faced Approach to Regulating Big Tech; why ransomware attacks keep on happening ; and how VR could change real estate.

The Two-Faced Approach to Regulating Big Tech

Regulating Big Tech. Big The popular Chinese short-form video app TikTok has been making headlines since its origins back in 2018. The reasons behind its quick ascend to fame are a no-brainer. 

TikTok lets anyone produce and edit videos effortlessly, and is powered by an incredibly effective recommendations algorithm that makes scrolling down its feed highly addictive. 

The platform has also become a meeting place for younger generations that had so far eluded traditional social media outlets like Twitter and Facebook. And brands love that.

Given its huge monetization potential, then, it’s no surprise that TikTok’s has also attracted the attention of powerful interests. For good and for ill.

After threatening to ban the app under suspicions of Chinese-sponsored espionage, the U.S. government –and Trump– had a new message: 

It’s okay as long as Microsoft buys TikTok’s U.S. business before mid-September. Oh, and the government should get a cut of the benefits. 

Only that now it appears that Microsoft might want to buy TikTok’s entire global business.

The new episode of this serialised drama comes just a week after Big Tech leaders appeared before U.S. Congress to defend themselves against accusations of monopoly and unfair competition. Now one big tech company might get even larger.    

Whatever it takes to win a trade war and fatten the national coffers.

And that’s why ransomware attacks keep on happening

This past month has been a busy one for cybersecurity. 

First Twitter got hacked by what turned out to be an amateur group of teenagers. Then the smartwatch maker Garmin was knocked out by a ransomware attack that kept its services down for days. 

Well, new information emerged this week suggesting that Garmin paid a multi-million dollar ransom in exchange for a decryption key to recover its files. 

Garmin would have supposedly made the payment through an intermediary, Arete IR, which provides ransomware negotiation services. 

A great ending for EvilCorp, the Russian hacking organisation thought to be behind the attack. Or maybe not? 

In fact, Arete IR claims that WastedLocker, the ransomware strain used in this occasion, is not consistent with the Russian group’s modus operandi. Another player might be responsible.

Whoever is the real culprit,  the fact that a large multinational company like Garmin has opted to pay the ransom sets a dangerous precedent in the fight against cybercrime. 

No wonder these attacks keep on happening.

Also read our Weekly News: A Ransomware Attack, Self-Taught Robots and Online Abuse: The Week in Tech News

How VR could change real estate

Taking a virtual reality tour of a new apartment or office is nothing new. The technology has existed for some time now. They were simply not that many incentives to make it a widespread thing. 

With the pandemic, however, shopping for a home without leaving the sofa has acquired more of an appeal. Especially considering that lockdown has left many hungry for a change of scenery. 

Too much time trapped in between four walls tends to make you want to at least change those for walls. 

Although, as the BBC shows in an article published this week, the number of apartment offerings that incorporate a VR tour option remains marginal, things are quickly picking up pace.

The property listing company Zoopla says the coronavirus crisis has tripled the number of virtual viewings for new properties. 

This goes in line with developers and the broader real estate industry, which for years now have been allocating a part of the construction budget of new buildings to developing a VR experience. 

There’s only one big caveat: visiting an apartment in this manner requires you to have a VR headset at home, and they are expensive. At least for now.

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