Enterprise Tech Dispatch: China kicks off 6G research; Xerox bids for HP

Enterprise Tech Dispatch: China kicks off 6G research; Xerox bids for HP
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8 Nov, 2019

While India takes baby steps towards 5G and is, in fact, yet to properly implement 4G across the country, China has kicked off research on 6G, aiming to promote the latest wireless innovation, reports suggest. 

China has officially started researching sixth generation or 6G telecom technology, Reuters reported. Recently, Chinese government ministries and research institutes held a kick-off meeting to establish a national 6G technology research and development group, according to a report by the Science and Technology Daily, which is published by China’s Ministry of Science and Technology.

Right now, 5G is the buzzword for everyone around the world. The next generation wireless network, 5G will provide data speeds of over 20 times of what 4G has at the moment. It will also support technologies like self-driving cars and augmented reality.  

Xerox in $33 billion bid for HP

Printer maker Xerox Holdings Corp has made a $33 billion cash-and-stock offer for personal computer maker HP, a company more than three times its size, Reuters reported.

HP confirmed that it was in talks with Xerox from time to time about the potential business combination but declined to disclose the offer price.

HP said in a statement, “We have considered, among other things, what would be required to merit a transaction. Most recently, we received a proposal transmitted yesterday. We have a record of taking action if there is a better path forward and will continue to act with deliberation, discipline and an eye towards what is in the best interest of all our shareholders.”

EY and BlackLine collaborate for finance process automation

It has become common practice for organisations to automate error-prone manual processes. Global professional services organisations EY and financial automation software leader BlackLine have announced the formation of a strategic alliance in India to offer finance process automation to businesses across a variety of sectors.

The alliance will help expand EY’s process automation capabilities and finance transformation services offered to businesses in India to improve finance and accounting operations and help them govern and automate their risk processes.

“Together with BlackLine, EY will enable businesses to stay adaptable, insightful and cost effective offering a unique set of tools and modules including BlackLine’s ‘Smart Close’, that will help improve governance and transparency both within an organization and externally,” Kamalanand Nithianandan, partner, advisory services, EY India, said.

ABB uses AI to revolutionize energy management

Is your organisation consuming a lot of electricity? This new solution will help reduce peak demand charges and will identify strategies to prevent them.

Switzerland-based ABB and Verdigris Technologies have developed machine-learning algorithms to help commercial and industrial buildings revolutionize their energy management and tackle rising electricity peak tariffs.

The company has added two new AI-powered applications to ABB AbilityTM Electrical Distribution Control System (EDCS): Energy Forecasting and Intelligent Alerts. The Silicon Valley AI specialist Verdigris Technologies helped ABB to develop the solution as part of technology firm’s Open Innovation program.

The Energy Forecasting app will enable users to reduce their electricity bills by reducing peak demand charges. The Intelligent Alerts app uses machine learning algorithms to help customers better manage their assets, identifying underlying issues before they become problems.

“Our use of AI to help customers make better energy management decisions demonstrates ABB’s commitment to innovation in our products and quality in our services. With the new Energy Forecasting and Smart Alerts apps, AI drills down into the facility’s power data to pinpoint actionable opportunities for productivity improvements and energy cost savings.” Said Andrea Temporiti, Digital Leader for ABB’s Electrification business.