Article taken from: blogs.wsj.com
0 COMMENTS Good day, CIOs. Makers of business applications have reason to be ‘appy. Okta Inc. finds that companies by late 2018 deployed an average of 129 apps. That is an increase of 68% over the past four years, according to the identity-management firm in a report.
App bloat? Bill Swanton, a distinguished vice president and analyst at Gartner Inc., tells CIO Journal’s Angus Loten that many CIOs have implemented “applications rationalization” efforts to try to standardize apps across the business.
Or best-of-breed? “They aren’t necessarily eliminating apps,” maintains Todd McKinnon, Okta’s chief executive officer, “They’re eliminating shadow IT.” The app increase reflects what’s been happening over the past decade as firms go from single-stack tech solutions to “best of breed.” It’s a positive, he says, in that it reflects the widespread adoption of innovative tech.
Huawei says U.K. software issues will take years to fix. The telecommunications giant said it has budgeted $2 billion for a companywide overhaul of its software engineering after a U.K. lab report cited a discrepancy between software tested in the lab and Huawei Technologies Co. ‘s ’s real-world software. The lab’s findings also addressed broader questions about the security of Huawei gear, the WSJ reports .
Apple to reward teen. Apple Inc. said it would pay a 14-year-old from Arizona who discovered a major flaw in its FaceTime video-chat software, the WSJ reports . The flaw, patched today, was discovered by high school freshman Grant Thompson more than two weeks ago as he chatted with friends while playing “Fortnite.”
The bug is a serious one. It allows one FaceTime user calling another in a group chat to listen in—or even see video—while the recipient’s Apple device is still ringing.
Cyberattack rattles Australian parliament. Australia’s parliament was hit by a cyberattack Friday that authorities believe came from overseas, the WSJ reports . The attack was intercepted early and there was no breach of confidential information.
Secretive data giant Palantir finally raking in cash. Once known primarily for its government software work, the data firm co-founded by investor Peter Thiel is branching into for-profit corporate work, the WSJ reports . Palantir Technologies Inc. in 2018 pulled in about $880 million in revenue, up from about $600 million one year earlier. Palantir is in advanced conversations with investment bankers about an IPO expected for as soon as this year.
Amazon invests in driverless startup. Aurora Innovation Inc. , founded in 2017, says it is developing a mixture of software and hardware that help vehicles see and navigate.
What does Amazon see in driverless? WSJ calls the technology a natural fit for Amazon, which could use autonomous forklifts, trucks and drones to shuttle packages quickly and lower its logistical costs.
Wells Fargo outages hit online and mobile banking. The intermittent outages Thursday stemmed from a shutdown at one of its facilities where smoke was noticed during routine maintenance. Bank data centers and other internal systems were also down, employees tell the WSJ .
A track record. Wells Fargo received a regulatory warning from the Office of the Comptroller of the Currency in recent months over issues with its technology oversight.
IBM to pour $2 billion into AI hardware lab. The AI Hardware Center at SUNY Polytechnic Institute in Albany, N.Y., will focus on computer-chip research, the Albany Times Union reports .
Don’t call it a comeback. A Google Fiber effort in Louisville, Ky., to lay cables in trenches just two inches deep resulted in the latest failure to hit Google’s gigabit internet business. Cnet has more .
New black boxes can send data in real time. In a first, Honeywell International Inc. is rolling out aircraft and flight-data recorders that enable satellite data-streaming, ensuring that vital crash data can be gathered quickly. The WSJ has more .
WHAT YOUR CEO IS READING
Amazon CEO Jeff Bezos accuses tabloid of attempted blackmail. Jeff Bezos in a post on the web platform Medium accused National Enquirer’s publisher of trying to blackmail him by threatening to release embarrassing photos. Mr. Bezos alleges that American Media Inc. demanded that he call off investigators he brought in to determine how the Enquirer obtained his personal text messages for an article it published earlier on his alleged extramarital affair. The WSJ has more .
Public blockchain does not eliminate trust. Here’s cyber expert Bruce Schneier in Wired on why he doesn’t buy the blockchain- eliminates-the need-for-trust argument: “What blockchain does is shift some of the trust in people and institutions to trust in technology. You need to trust the cryptography, the protocols, the software, the computers and the network. And you need to trust them absolutely, because they’re often single points of failure.”
EVERYTHING ELSE YOU NEED TO KNOW
The cost for banks to borrow U.S. dollars for three months posted its biggest one-day decline in a decade, reflecting the easing of financial conditions after the Federal Reserve’s recent shift to a cautious approach toward raising interest rates. (WSJ)
BB&T is buying SunTrust Banks in a $28 billion deal that would create the sixth-largest U.S. retail bank and help the combined lender compete against giants with bigger technology budgets. (WSJ)
As a deadline approaches for a U.S.-China trade deal, American business figures from Stephen Schwarzman to Hank Paulson are pushing for compromise . (WSJ)
Saudi Arabia is seeking to build an international media empire to combat the kingdom’s rivals and remake its image in the West, and sought a partnership with Vice Media as part of the project, according to people familiar with the efforts. (WSJ)
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