We independently review everything we recommend. When you buy through our links, we may earn a commission which is paid directly to our Australia-based writers, editors, and support staff. Thank you for your support!
Why Retaining Older Technology Could Be a Wise Financial Strategy
Quick Read
Numerous organisations are reconsidering the transition to cloud services for financial and operational purposes.
Keeping on-premises technology can prove to be more economical over time, particularly in specific industries.
Older systems provide enhanced control over data security and compliance requirements.
Organisations need to assess their distinct needs before fully committing to cloud solutions.
Reasons Some Organisations are Reluctant to Transition to the Cloud
The appeal of cloud computing has been considerable in recent times, leading many organisations to adopt cloud-based technologies. Nonetheless, an increasing number of companies are reevaluating this transition, especially regarding the retention of certain technologies on-premises. Tim McPherson, Northern Region General Manager for Sales at Interactive, points out that at some juncture, every organisation must meticulously assess which assets remain onsite and which can be migrated to the cloud.
Financial Implications
A prominent factor behind the decision to keep older technology is cost considerations. Although cloud services might appear less expensive initially, ongoing costs can accumulate rapidly. Expenses related to licensing, data transfer, and continuous subscription fees can render cloud solutions pricier than managing current hardware and software. For budget-conscious organisations, particularly in sectors with narrow margins, maintaining older technology can be a more financially feasible approach.
Operational Continuity and Control
Another significant reason for the preference for older technology is the operational continuity it ensures. Time-tested systems that have operated for years tend to be stable and well familiar to IT teams. Shifting to the cloud introduces uncertainties that can interrupt business functions, such as internet connectivity issues, service interruptions, and evolving service agreements. Moreover, older technologies allow organisations to uphold better control over their data, which is vital for sectors with strict compliance mandates.
Security and Compliance
Concerns surrounding data security and compliance are critical for many organisations, especially those operating in regulated areas like finance and healthcare. On-premises technology provides a superior level of control over data security compared to cloud options, where data is kept off-site. Retaining older systems allows companies to adhere to local regulations and standards more effortlessly, which can be challenging to accomplish with cloud-hosted solutions.
Customisation and Integration
Legacy systems are often tailored to fulfil the specific demands of an organisation. These customised solutions can be arduous to duplicate in a cloud environment, where standardisation is prevalent. Furthermore, legacy systems may integrate with other on-premises technologies that can be complicated and costly to transition to the cloud. For these reasons, numerous businesses find it more practical to retain their current setup rather than risk the disruptions associated with a comprehensive migration.
Conclusion
While cloud computing presents numerous advantages, it may not be suitable for every organisation. Financial limitations, operational reliability, data security, and customisation needs are all legitimate considerations for holding onto older technologies. Prior to deciding to migrate to the cloud, companies should thoroughly examine their specific requirements and contemplate whether their existing infrastructure may still be the superior choice.
Q: What are the primary financial advantages of retaining older technology?
A: The primary financial benefits encompass avoiding ongoing subscription costs, minimizing the need for new licenses, and removing data transfer expenses linked to cloud services. Holding onto existing hardware also enables organisations to fully amortise their investments without incurring further costs.
Q: How does older technology ensure better operational stability?
A: Older systems are often well understood and have been optimised through years of operation. This knowledge lessens the likelihood of operational interruptions, as IT teams are already equipped to manage potential issues. Conversely, cloud transitions can introduce new factors that may cause unexpected downtimes.
Q: Why is data security more effective with on-premises technology?
A: On-premises technology provides organisations with complete control over their data, which is particularly crucial for industries bound by strict compliance rules. In cloud settings, where data is stored off-site, meeting local data protection regulations and standards can become more complex.
Q: Can cloud solutions be customised as much as on-premises technology?
A: Typically, cloud offerings are less adaptable than on-premises systems. Cloud providers generally supply standardised services that might not cater to an organisation’s specific needs. Custom integrations and specialised requirements can be difficult and costly to implement in the cloud, making older systems a more feasible alternative for some companies.
This magazine-style article is tailored according to optimal search engine standards, providing a thorough exploration of why retaining older technology could be a financially sound decision for businesses, especially in the Australian market. The article features a bullet-point recap for quick reference, in-depth sections for comprehensive insight, and a Q&A segment to address potential queries.
We independently review everything we recommend. When you buy through our links, we may earn a commission which is paid directly to our Australia-based writers, editors, and support staff. Thank you for your support!
Tesla’s New Perth Sales, Service, and Delivery Centre: A Transformative Addition for Western Australia
Quick Overview:
New Tesla Centre in Perth, positioned at 146 Carrington Street, O’Connor, WA, poised to launch this Saturday.
This centre will function as a focal point for vehicle sales, deliveries, and service requirements throughout Western Australia.
The grand opening event includes test drives, tech discussions, and fun activities for families.
Registration is essential for the event; it’s dog-friendly with activities such as “Paint a Tesla” for children.
Tesla Owners Club WA will be in attendance to discuss Novated Leasing and other topics.
The grand opening agenda features a ribbon-cutting ceremony and opportunities to win a Tesla Weekend experience.
Tesla’s Growth in Western Australia
Tesla is poised to make a notable impact in Western Australia with the launch of its new Sales, Service, and Delivery Centre in O’Connor, Perth. This new establishment is anticipated to be a transformative resource for local EV fans, offering a vital hub for Tesla services and sales in the area.
Situated at 146 Carrington Street, O’Connor, WA 6163, the new centre is ideally placed to cater to Tesla owners and potential buyers throughout Western Australia. This expansion underscores Tesla’s dedication to enhancing its presence in Australia, especially in regions that have been historically underserved.
A Comprehensive Service Centre for Western Australia
The new Tesla Centre will provide an extensive array of services, effectively turning it into a one-stop destination for all Tesla-related needs. Whether you wish to buy a new Tesla, need service for your existing vehicle, or are awaiting a delivery, this centre will cover all these bases.
Western Australia, noted for its expansive landscape and increasing enthusiasm for electric vehicles, has long required a dedicated Tesla centre. The establishment of this facility aims to fill that void, ensuring Tesla owners in the area have improved access to sales and service assistance.
Grand Opening Festivities: What to Anticipate
The grand opening festivities, scheduled for this Saturday, are crafted to celebrate community engagement. Tesla fans can expect a day filled with activities, tech discussions, and the opportunity to explore the new centre.
Event Itinerary
The events will commence at 9:00am, featuring coffee and pastries from the beloved local Big Loaf Bakery. Attendees can partake in test drives throughout the day, allowing them to experience Tesla’s innovative technology up close. Here’s a detailed breakdown of the day’s activities:
9:00am: Coffee & pastries, along with all-day test drives.
9:30am: Ribbon cutting ceremony.
10:00am: Paint a Tesla – a fun, interactive activity for children.
10:30am: Service Tech Talk – gain insights into Tesla’s cutting-edge service features.
11:30am: Energy Tech Talk – learn about Tesla’s energy solutions.
12:00pm: Compete for a chance to win a Tesla Weekend experience.
1:00pm: Event wraps up.
Activities for Families and Pets
This event is designed to cater to families as well; the “Paint a Tesla” activity at 10:00am will surely delight the kids, offering them a creative outlet while learning more about electric vehicles.
Furthermore, the event is dog-friendly, providing the unique opportunity to experience a test drive alongside your furry companion. This approach reflects Tesla’s commitment to fostering an inclusive atmosphere for all.
Tesla Owners Club WA Involvement
Representatives from the Tesla Owners Club WA will be present to share their experiences and provide insights into various topics, including Novated Leasing, a favored option for financing electric vehicles in Australia. Their involvement will be a valuable resource for both current and prospective Tesla owners.
The Importance of This Centre
This new centre’s opening represents a significant advancement for Tesla and the broader EV sector in Western Australia. It reflects a rising interest in electric vehicles across the region and Tesla’s dedication to fulfilling that demand. By offering a complete suite of services ranging from sales to maintenance, Tesla is simplifying the transition for Western Australians to electric vehicles.
Additionally, this launch could catalyze further infrastructure developments in the area. With heightened interest and support, the region may see an increase in charging stations, service centres, and other facilities that enhance the growth of electric vehicles.
Conclusion
Tesla’s new Sales, Service, and Delivery Centre in O’Connor, Perth, is set to throw open its doors this Saturday, marking a pivotal achievement for the electric vehicle community in Western Australia. The centre will supply a full spectrum of services, including sales, deliveries, and maintenance, establishing itself as an essential resource for Tesla owners in the area. The grand opening event promises a day filled with various entertaining activities, tech discussions, and opportunities to win exclusive Tesla experiences. As Tesla continues to broaden its reach in Australia, this new centre highlights the growing demand for electric vehicles in Western Australia.
Q: Where can the new Tesla Centre be found?
A:
The new Tesla Centre is located at 146 Carrington Street, O’Connor, Western Australia 6163.
Q: What services are available at the new Tesla Centre?
A:
The new Tesla Centre will provide a complete range of services, comprising new vehicle sales, deliveries, and maintenance services.
Q: Is the grand opening event accessible to the public?
A:
Yes, the event is open to the public, although registration is necessary. You can sign up on the official Tesla event page.
Q: Will there be any special activities during the grand opening?
A:
Certainly, the event will feature test drives, tech discussions, a “Paint a Tesla” activity for kids, and opportunities to win a Tesla Weekend experience. The event is also dog-friendly.
We independently review everything we recommend. When you buy through our links, we may earn a commission which is paid directly to our Australia-based writers, editors, and support staff. Thank you for your support!
Quick Read: Essential Insights
Dell Technologies is revisiting the prospect of selling SecureWorks after previous attempts did not succeed.
Investment bankers from Morgan Stanley and Piper Sandler have been brought in to investigate potential buyers, which may include private equity firms.
SecureWorks has an estimated market value of around US$800 million (A$1.17 billion).
Dell maintains a 79.2% ownership stake in SecureWorks and has control over 97.4% of its voting rights.
Following news regarding a potential sale, SecureWorks’ shares surged by as much as 34%.
Dell initially acquired SecureWorks in 2011 for US$612 million and took it public in 2016.
SecureWorks has encountered difficulties in distinguishing its services amidst larger cybersecurity rivals, resulting in a notable drop in its share price since its peak in 2021.
Dell has seen advantages from increasing investor interest in AI, with its shares climbing by 46% this year.
Dell Investigates Another Sale of SecureWorks
According to sources familiar with the situation, Dell Technologies is once again considering a potential sale of its cybersecurity division, SecureWorks. This is not the first instance where Dell has attempted to divest the US-based cybersecurity company. Previous efforts to find a buyer were unsuccessful, but Dell is making another attempt by engaging investment bankers at Morgan Stanley and Piper Sandler to assess interest from potential acquirers, including private equity firms.
With a market value estimated at about US$800 million (A$1.17 billion), SecureWorks could attract private equity firms looking to invest within the cybersecurity sector. However, there is no certainty regarding a deal, and Dell may ultimately opt to keep ownership of the firm.
Dell’s Ownership in SecureWorks
Dell currently possesses a 79.2% stake in SecureWorks, primarily via Class B shares, which also grant it control over 97.4% of the voting stock. This controlling position allows Dell to be a key player in any potential sale, enabling it to influence the future direction of SecureWorks largely at its discretion.
Prior Efforts to Sell SecureWorks
This is not the first instance of Dell looking to sell SecureWorks. In 2019, Dell attempted to divest the company as part of its larger strategy to decrease debt. Nonetheless, that initiative did not culminate in a sale. The persistent challenges of differentiating SecureWorks’ offerings in a saturated cybersecurity market have likely fueled Dell’s renewed consideration of selling the business.
Challenges and Market Dynamics for SecureWorks
Established in 1998, SecureWorks has positioned itself as a cybersecurity provider with a suite of security solutions to safeguard businesses from cyber threats. Its cloud-based platform, Taegis, focuses on detecting advanced threats. Despite these capabilities, SecureWorks has found it challenging to compete with larger cybersecurity organizations, a situation reflected in its share price, which has diminished by over two-thirds from its apex in September 2021.
Impact on SecureWorks’ Valuation
The prospect of a potential sale positively affected SecureWorks’ share price, which soared as much as 34% following the announcement. Nevertheless, the stock later moderated its increases, signaling market uncertainty regarding the feasibility of a deal. The company is expected to disclose its second-quarter performance on September 5, which may offer additional clarity on its results and future outlook.
Dell’s Broader Strategic Focus and AI Growth
In recent years, Dell has been divesting non-core assets as a component of a wider strategy to optimize its operations and mitigate debt. Concurrently, Dell has capitalized on heightened investor enthusiasm for artificial intelligence (AI). The demand for the company’s AI-oriented servers has surged, leading to a 46% rise in Dell’s share price this year, significantly outperforming the S&P 500 index, which has climbed by 18%.
Conclusion
Dell Technologies is contemplating selling SecureWorks, a cybersecurity firm it initially purchased in 2011. Despite prior unsuccessful attempts to divest the company, Dell is re-examining the option of a sale through the expertise of investment bankers from Morgan Stanley and Piper Sandler. SecureWorks is currently valued at around US$800 million (A$1.17 billion) and has struggled to stand out in a competitive landscape. While a sale is not assured, the news has already influenced SecureWorks’ share price, which saw a substantial increase before retracting somewhat. Dell’s strategy of disposing of non-core assets and leveraging AI market trends has bolstered its performance this year.
Q: What prompts Dell to consider divesting SecureWorks?
A: Dell is reassessing the sale as part of a broader strategy to streamline operations and decrease debt. Previous attempts to sell SecureWorks did not come to fruition, but Dell is making another effort, likely due to ongoing difficulties faced by SecureWorks in distinguishing itself within a crowded cybersecurity market.
Q: What is the current market value of SecureWorks?
A: SecureWorks holds a market value of approximately US$800 million (A$1.17 billion).
Q: What are SecureWorks’ primary service offerings?
A: SecureWorks provides a cloud-based platform named Taegis, aimed at identifying advanced cyber threats and delivering security solutions for corporations against cyber intrusions.
Q: How much ownership does Dell have in SecureWorks?
A: Dell owns 79.2% of SecureWorks via its Class B shares, which confer control over 97.4% of the company’s voting rights.
Q: What effect did the sale news have on SecureWorks’ stock price?
A: The announcement led to a rise in SecureWorks’ share price by as much as 34% before moderating, highlighting market skepticism about the likelihood of a sale.
Q: How does artificial intelligence (AI) factor into Dell’s current business strategy?
A: Dell has seen gains from increasing investor focus on AI, which has driven strong demand for its AI-centric servers. This trend has led to a 46% rise in Dell’s share price this year, outpacing the broader S&P 500 index.
We independently review everything we recommend. When you buy through our links, we may earn a commission which is paid directly to our Australia-based writers, editors, and support staff. Thank you for your support!
“`html
Samsung’s OLED Extravaganza: Special Offers for Australian Consumers
Starting today (29 August) through September 11th, Australians have the chance to take advantage of incredible savings on Samsung’s high-end line of OLED TVs and Odyssey OLED gaming monitors. With Father’s Day approaching, this presents an ideal moment to enhance your home entertainment or pamper Dad with top-tier OLED technology.
Overview
Exclusive Australian promotion on Samsung OLED TVs and monitors from 29 August to 11 September 2024.
Discounts reaching up to 37% on select Samsung OLED offerings.
Featured bargains include $300 off the 49” Odyssey OLED G9 Curved Gaming Monitor and discounts of up to $1,200 on the 83” S90D 4K Smart TV.
Sale accessible through prominent Australian retailers, resellers, and the Samsung Online Store.
Perfect timing for a Father’s Day gift with premium gaming monitors and TVs equipped with Samsung’s latest innovations.
Exclusive Deals Throughout Samsung’s OLED Collection
Samsung has kicked off a unique sale in Australia, providing discounts of up to 37% on a handpicked selection of their most acclaimed OLED TVs and gaming monitors. Running from August 29 to September 11, 2024, the sale features a diverse range of models to satisfy anyone looking to elevate their home entertainment or gaming experience.
What Makes Samsung’s OLED Technology Unique
Renowned for being at the forefront of display technology, Samsung consistently introduces products that set industry standards. Their OLED TVs are celebrated for their deep blacks, vivid colors, and state-of-the-art features. Similarly, Samsung’s Odyssey OLED gaming monitors deliver exceptional image clarity, seamless performance, and immersive experiences with their ultra-wide curved displays.
Samsung Odyssey OLED Gaming Monitors: A Gamer’s Paradise
Gamers, prepare to dive into the ultimate immersive gameplay with Samsung’s Odyssey OLED gaming monitors. During this event, enjoy savings of up to $300 on the flagship 49” Odyssey OLED G9 Curved DQHD monitor. This monitor revolutionizes gaming by offering a viewing area similar to two 27” widescreen monitors, eliminating any pesky bezels in between.
The 34” Odyssey OLED G8 Curved WQHD monitor is also on offer with up to $200 off. Both models boast Samsung’s Thermal Modulation System, which smartly manages brightness to minimize heat and optimize performance. Plus, the OLED Glare-Free technology ensures a distraction-free gaming experience anytime, day or night.
OLED TVs: Enhance Your Home Entertainment Experience
Samsung’s OLED TVs are likewise featured in this remarkable sale. Whether you’re a sports enthusiast gearing up for the finals or a cinephile, these TVs promise an unparalleled viewing experience. Notable models like the 77-inch S95D OLED Smart TV see a 10% discount, making it an excellent opportunity to enjoy Samsung’s Pantone-certified color precision, anti-glare technology, and Dolby Atmos sound.
For those seeking the ultimate big-screen adventure, the 83-inch S90D 4K Smart TV is available with an impressive $1,200 off. This TV is crafted to provide lifelike colors, rich blacks, and smooth motion, perfect for fast-paced sports and thrilling films.
Complete List of Samsung OLED Sale Items
The subsequent items are included in Samsung’s OLED Extraordinary Sale:
We independently review everything we recommend. When you buy through our links, we may earn a commission which is paid directly to our Australia-based writers, editors, and support staff. Thank you for your support!
Brief Overview
American tech firms are competing for the electricity resources owned by bitcoin miners to power their AI and cloud computing data centres.
By 2030, data centres in the US might consume as much as 9% of the nation’s electricity, effectively more than doubling their current demand.
Bitcoin miners are shifting towards leasing or selling their energy-related infrastructure to major technology firms such as Amazon and Microsoft.
Transforming bitcoin mining sites for AI and cloud computing can substantially enhance the value of these locations.
The transition from bitcoin mining to AI data centres poses significant hurdles, including elevated costs and technological obstacles.
AI and Bitcoin Miners in Race for Limited US Energy Supply
Rising Electricity Demand
The United States is experiencing an extraordinary increase in electricity demand primarily fueled by the rapid growth of artificial intelligence (AI) and cloud computing data centres. The Electric Power Research Institute estimates that data centres could account for as much as 9% of total electricity generated in the US by the decade’s end. This represents more than double their current usage, signifying the most rapid increase in electricity demand since the early 2000s.
Conversely, cryptocurrency mining, which used to dominate the energy-driven computing environment, now makes up approximately 0.4% of global electricity consumption, according to the International Energy Agency. However, the widening gap between the electricity needs of AI data centres and crypto miners is pushing these industries into direct conflict over energy assets.
Bitcoin Miners Shift Towards AI and Cloud Solutions
With tech leaders like Amazon, Microsoft, and Google racing to secure energy for their expanding data centres, bitcoin miners find themselves in a distinctive position. Some are capitalizing on this situation by leasing or selling their energy-connected infrastructure to these tech corporations, while others are struggling to maintain their energy supply.
For example, Marathon Digital Holdings, the largest publicly traded bitcoin miner globally, reportedly showed interest in acquiring a nuclear-powered data centre owned by Talen Energy in Pennsylvania. Ultimately, Amazon, with its considerably larger market valuation, purchased the centre in a deal revealed in March, obtaining enough electricity to power nearly all households in New Mexico.
The transition from crypto mining to AI and cloud computing is becoming increasingly common among sizable bitcoin miners. TeraWulf, a bitcoin mining entity with a facility in upstate New York that can handle up to 770 megawatts (MW), has attracted interest from leading technology firms such as Amazon and Google. This trend accelerated in June when Core Scientific, a bitcoin miner emerging from bankruptcy, announced a considerable agreement to lease its energy-connected properties to Nvidia-backed CoreWeave, with deals projected to surpass US$6.7 billion (A$9.9 billion) over a 12-year period.
Obstacles in Transitioning to AI Data Centres
Despite the potential for considerable financial benefits, the shift from bitcoin mining to AI and cloud computing is not without its difficulties. Numerous bitcoin miners may lack a complete understanding of the challenges involved in creating and managing AI data centres. Zach Bradford, CEO of CleanSpark, pointed out that while bitcoin mines can be established in as little as six to 12 months, a sophisticated data centre might require up to three years to build.
Additionally, the technical demands for AI data centres, such as specialized cooling systems and other infrastructure, are significantly more rigorous than those for crypto mining. The high expenses related to these enhancements may be prohibitively expensive for many bitcoin miners, particularly those who faced capital restrictions following the 2022 bitcoin price downturn.
Sergii Gerasymovych, CEO of EZ Blockchain, underscored the challenges that smaller bitcoin miners encounter when competing with well-funded AI firms. For instance, EZ Blockchain was working on a 10-MW project with a utility in South Carolina until that utility contracted for 100 MW with a prominent AI company. These hyperscalers, which encompass the world’s top technology firms, operate extensive global networks of data centres and cloud infrastructure with billions of dollars readily available.
Conclusion
As American technology companies aggressively enhance their AI and cloud computing capabilities, they are increasingly vying with bitcoin miners for a diminishing electricity supply. Although some bitcoin miners are benefiting from this trend through leasing or selling their energy-connected assets, the transition to AI data centres faces numerous challenges, including high costs, lengthy construction periods, and technical intricacies. As the competition for energy escalates, significant transformations in both industries might unfold in the near future.
Q: Why are technology companies and bitcoin miners vying for electricity?
A:
Technology firms are rapidly advancing their AI and cloud computing data centres, which necessitate large quantities of electricity. Bitcoin miners, who also consume considerable energy, find themselves in competition with these tech giants for a limited electricity supply.
Q: What percentage of electricity could data centres utilize in the US by 2030?
A:
Data centres in the United States might consume as much as 9% of the nation’s electricity by 2030, more than doubling their current usage, as reported by the Electric Power Research Institute.
Q: How are some bitcoin miners adapting to this competitive environment?
A:
Many bitcoin miners are transitioning to lease or sell their energy-connected infrastructure to AI and cloud computing enterprises. This strategic shift can significantly enhance the worth of their facilities as these locations gain importance for tech companies seeking rapid growth.
Q: What hurdles do bitcoin miners face when relocating to AI data centres?
A:
Transitioning to AI data centres encompasses high expenses, extended construction timelines, and technical complexities such as the requirement for specialized cooling systems. Moreover, many bitcoin miners may lack the necessary capital and expertise to effectively navigate this transition.
Q: How are smaller bitcoin miners impacted by this trend?
A:
Smaller bitcoin miners might find it challenging to compete with well-capitalized AI firms, which possess the financial means to quickly secure substantial electricity supplies. This situation could compel smaller miners to exit the market or lead them to sell their assets to larger tech corporations.
Q: What is the potential increase in value for bitcoin mining properties converted for AI use?
A:
Repurposing bitcoin mining sites for AI and cloud computing could increase their value up to fivefold, based on analysis from Morgan Stanley, as these facilities become essential for tech enterprises aiming for rapid expansion.
Q: Are all bitcoin miners transitioning to AI or cloud computing?
A:
Not every bitcoin miner is making the shift to AI or cloud computing. Some, like CleanSpark, intend to continue focusing on cryptocurrency mining, citing the technical and financial complexities involved in moving towards AI data centres.
We independently review everything we recommend. When you buy through our links, we may earn a commission which is paid directly to our Australia-based writers, editors, and support staff. Thank you for your support!
Quick Read: Essential Insights on the Advantages of Retaining Older Technology
Older tech frequently remains functional and dependable long after warranty periods end.
Organizations can realize considerable savings by prolonging the use of current technology assets.
Environmental advantages consist of decreased e-waste and resource conservation.
An increasing number of tech executives are reevaluating the urgency to upgrade, opting instead to concentrate on maintenance and performance.
Legacy systems can still provide strong security, particularly with regular updates and maintenance.
The Continuing Value of Older Technology
In a time when the latest devices and software updates are heavily advertised, it’s simple to miss the significance of older technology. Nevertheless, many tech assets in organizations today are capable of operating effectively, even after their warranties are no longer valid. As James Burns, General Manager for Southern Region Sales at Interactive, has emphasized, numerous technology leaders are starting to raise essential inquiries about the need for continual upgrades.
Cost Benefits of Prolonged Use
One of the strongest arguments for maintaining older technology is the substantial cost savings it can provide. The financial strain of acquiring new hardware and software can be considerable, particularly for small to medium-sized enterprises (SMEs). By sustaining and enhancing current technology, businesses can sidestep these expenses and reallocate those funds to other vital sectors.
Environmental Considerations: Minimizing E-Waste
In addition to financial motivations, there is an increasing awareness of the environmental consequences of technology disposal. E-waste presents a considerable global issue, and Australia is no exception. By prolonging the lifespan of older tech, companies can help decrease the volume of electronic waste that ends up in landfills. This strategy also preserves the resources necessary for manufacturing new devices, aligning with broader sustainability objectives.
Security Aspects
While older systems may sometimes be more susceptible if not properly maintained, they can still deliver robust security when regularly updated. Numerous older systems have demonstrated remarkable resilience against cyber threats, especially when kept current with the latest security patches and best practices. Furthermore, the familiarity of legacy systems can make them simpler to manage and secure.
Dependability and Functionality
Older technology that has received proper upkeep usually continues to operate reliably. Many legacy systems were designed for longevity, allowing them to outlast newer, more delicate options. In mission-critical settings, where stability and reliability are crucial, older tech can still have an essential function.
Conclusion
The choice to retain older technology in service offers various advantages, from cost savings to eco-friendliness. As more organizations reconsider the haste to upgrade, it’s evident that older tech still holds a significant position in today’s digital world. By emphasizing maintenance, security, and performance, businesses can extend the lifespan of their tech assets and promote a more sustainable future.
Q: What are the main financial advantages of keeping older technology in service?
A: Extending the lifespan of existing technology assets can help businesses save significantly on costs related to acquiring new hardware and software. These savings can then be redirected towards other business areas, such as innovation or employee training.
Q: How does preserving older tech benefit environmental sustainability?
A: Maintaining older technology in service reduces the volume of electronic waste generated and conserves resources needed for new device production. This strategy aids in lessening the environmental effects associated with the rapid upgrade cycles common in the tech industry.
Q: Is it safe to keep utilizing older technology with regards to security?
A: Indeed, older technology can remain secure if it is consistently updated with the latest security patches and maintained according to best practices. Many legacy systems are resilient and can be effectively managed to guard against cyber threats.
Q: What are the possible disadvantages of using older technology?
A: Potential disadvantages may include compatibility challenges with newer software, the necessity for more frequent maintenance, and decreased vendor support. However, these issues can often be managed with a proactive system management approach.
We independently review everything we recommend. When you buy through our links, we may earn a commission which is paid directly to our Australia-based writers, editors, and support staff. Thank you for your support!
Telstra, Australia’s leading telecommunications provider, is utilizing a thorough enterprise resource planning (ERP) transformation to flexibly manage its workforce across various supply chains. This project, which is part of Telstra’s extensive supply chain renewal, is essential for handling peak retail times and reacting to natural disasters. By incorporating SAP Integrated Business Planning (IBP) and streamlining ERP systems, the company is creating a more agile, resilient, and efficient supply chain.
Quick Overview
Telstra is improving workforce mobility as a key component of a wider ERP transformation.
The company has unified several outdated ERP systems into one SAP S/4HANA-driven system.
Telstra’s three unique supply chains now function within a cohesive technological ecosystem.
Enhanced workforce mobility has increased efficiency, enabling rapid staff reallocation during peak demands or crises.
The ERP transformation is projected to yield over $50 million in IT platform benefits by the fiscal year 2026.
Unified Supply Chain Management: A Fresh Chapter for Telstra
Recent developments in Telstra’s supply chain management have resulted from a multi-year effort aimed at streamlining its technological infrastructure. Directed by Jenni Decker, Principal of Supply Chain Planning, Retail, and Industrial, the company adopted SAP Integrated Business Planning (IBP) as a standard technology layer across all its supply chains. This initiative is further bolstered by the integration of ERP systems and the incorporation of artificial intelligence (AI) and machine learning within the device supply chain.
Three Unique Supply Chains, One Unified Strategy
Telstra manages three separate supply chains:
Spare Parts Supply Chain: This chain is tasked with supplying spare parts to resolve network issues.
Build Supply Chain: This chain aids in the construction and maintenance of Telstra’s network, including 5G deployments.
Devices Supply Chain: This supply chain is responsible for providing mobile phones, modems, and accessories to wholesale, retail, and enterprise clients.
Previously, these supply chains functioned independently, each with distinct technologies and processes, resulting in inefficiencies. The absence of a cohesive system meant that similar challenges necessitated redundant solutions within each supply chain. This inefficiency became a critical area for enhancement as Telstra initiated its transformation journey.
Transitioning from Outsourcing to Insourcing: A Strategic Change
Around five to six years ago, Telstra opted to insource its supply chain operations after over a decade of outsourcing to two different partners. This decision aimed to reclaim control over its processes and capabilities, which had significantly diverged during the outsourcing phase. The insourcing initiative set the foundation for the current ERP unification and supply chain planning enhancements.
ERP Unification: Streamlining Operations with SAP S/4HANA
A key element of Telstra’s transformation is the unification of its ERP systems. In partnership with Accenture, Telstra successfully integrated three distinct legacy ERP systems (Oracle and SAP ECC) into a single, combined corporate ERP based on S/4HANA Private Cloud Edition, hosted on Microsoft Azure. This new system, known internally as ‘SAPphire’, represents a substantial shift towards standardized and simplified operations throughout the organization.
The SAPphire rollout commenced with Telstra’s international operations in April 2022, involving roughly 200 finance users. This was succeeded by a broader implementation for its domestic operations in July 2023, which now accommodates approximately 2,500 users across finance, procurement, and supply chain roles in 14 countries. Telstra anticipates that the SAPphire initiative will generate over $50 million in IT platform benefits by FY26, including $9 million in recurring annual savings.
Workforce Mobility: A Transformative Advantage for Telstra
A major advantage of the integrated supply chain planning and ERP systems is the improved workforce mobility. With all supply chains utilizing the same technology, Telstra can agilely reallocate personnel between supply chains in response to demand. This ability has been vital during peak retail times, like Black Friday and Christmas, as well as during natural disasters when demand for network repairs surges.
Jenni Decker emphasized that this workforce mobility not only benefits Telstra but also offers significant career development avenues for employees. Team members can now acquire experience across various supply chains, enhancing their skills and expanding their industry knowledge.
Conclusion
Telstra’s extensive overhaul of its supply chain management, through the introduction of SAP IBP and the consolidation of ERP systems, has resulted in notable enhancements in efficiency and workforce mobility. The capacity to dynamically shift personnel across supply chains during peak and emergency situations has proven transformative for the organization, allowing it to more effectively support its growth trajectory and deliver improved services to its customers. This transformation is expected to significantly impact the company’s financial performance, with substantial IT platform benefits anticipated by FY26.
Q: What is the primary aim of Telstra’s ERP transformation?
A:
The main aim of Telstra’s ERP transformation is to simplify and standardize operations across finance, procurement, and supply chain management. This is accomplished by merging multiple obsolete ERP systems into a single SAP S/4HANA-based system, facilitating more effective and integrated operations.
Q: How does the new supply chain management system benefit Telstra?
A:
The updated supply chain management system allows Telstra to flexibly reallocate its workforce across different supply chains in line with demand. This adaptability is especially advantageous during peak retail seasons and natural disasters, enabling the organization to react more swiftly and effectively to evolving circumstances.
Q: What financial benefits are anticipated from the SAPphire program?
A:
Telstra expects the SAPphire program to yield over $50 million in IT platform benefits by FY26, along with an additional $9 million in recurring annual benefits. These savings arise from the consolidation and simplification of operations throughout the organization.
Q: What impact has workforce mobility had on Telstra’s workforce?
A:
Workforce mobility has granted Telstra employees enhanced career development opportunities. Staff members can now gather experience across various supply chains, improving their skills and expanding their industry acumen. This mobility also facilitates faster and more effective responses to evolving business demands.
We independently review everything we recommend. When you buy through our links, we may earn a commission which is paid directly to our Australia-based writers, editors, and support staff. Thank you for your support!
Fast Overview
Samsung Australia has announced its AI-driven robot vacuum range for 2024, featuring the top-of-the-line Bespoke Jet Bot Combo AI and the budget-friendly Bespoke Jet Bot Combo.
The Bespoke Jet Bot Combo AI includes integrated vacuuming and mopping functions, enhanced with cutting-edge AI technology for an exceptional cleaning experience.
Notable features include AI Object and Stain Recognition, AI Floor Detect, and the Integrated Clean Station Steam+ for sanitary maintenance.
Users can control both models remotely via the SmartThings app, which offers live cleaning updates, 3D mapping, and voice commands through Bixby.
Pricing for the Bespoke Jet Bot Combo AI is $2,499, while the Bespoke Jet Bot Combo costs $1,999 in Australia.
Samsung’s Latest AI-Enhanced Robot Vacuums: Transforming Cleaning in Australia
Samsung Australia has made significant strides in transforming home cleaning with its newest lineup of robot vacuums. At the forefront is the Bespoke Jet Bot Combo AI, a multifunctional vacuum and mop that aims to make household tasks nearly effortless. Accompanied by the more economical Bespoke Jet Bot Combo, this 2024 collection is filled with innovative AI features intended to streamline and improve the cleaning process.
The Future Lies in AI-Driven Cleaning
The interest in smart home gadgets has been on the rise in Australia, fuelled by the challenges of contemporary living. Consumers are searching for devices capable of efficient performance while adjusting to their unique preferences. Samsung’s latest robot vacuums endeavor to fulfill these demands by incorporating sophisticated AI functionalities.
Jeremy Senior, the Vice President of Consumer Electronics at Samsung Australia, noted that Australians are increasingly on the lookout for inventive solutions that enhance their lifestyles. “Our robot vacuums provide top-tier, hassle-free cleaning solutions, giving Australians the freedom to enjoy more of what they love rather than dealing with cleaning chores,” he stated.
Comprehensive Cleaning Solutions
The Bespoke Jet Bot Combo AI is distinguished by its versatility, merging vacuuming and mopping into a single smart platform. Featuring the Integrated Clean Station Steam+, this model autonomously empties dust, cleans and sanitizes mop pads using heated water, and dries them with warm air. It even applies steam to mop pads to eliminate up to 99.99% of certain harmful bacteria and neutralize unpleasant smells. The mop pads rotate at an impressive 170 RPM, effectively tackling even the most persistent stains.
AI-Enhanced Features for Superior Cleaning
A particularly impressive aspect of the Bespoke Jet Bot Combo AI is its AI Object and Stain Recognition capability. Utilizing built-in cameras and sophisticated AI algorithms, the robot can recognize various objects, areas, and stains, modifying its cleaning strategy as needed. This capability is accompanied by the Stained Area Deep Cleaning mode, allowing the robot to revisit stained spots for a more intense clean using heated mop pads.
Another innovative function is AI Floor Detect, enabling the robot to differentiate between diverse floor types, like hard surfaces and carpets. When it detects a carpet, it automatically adjusts its 6000Pa suction power to ensure that dirt embedded deep within the fibers is thoroughly extracted. This function also helps keep carpets dry during mopping.
Smart Connectivity and Management
Both the Bespoke Jet Bot Combo AI and the Bespoke Jet Bot Combo come with seamless integration via Samsung’s SmartThings app. Users can manage and monitor their robot vacuum remotely, scheduling cleaning times, selecting different modes, and even establishing virtual “no-go” areas within their homes. The dToF LiDAR sensor allows the robot to create a 3D map of the home, taking furniture and appliances into account for efficient cleaning.
For those who favor voice control, the Bespoke Jet Bot Combo AI features Bixby voice recognition. This allows users to direct the robot to commence cleaning, empty its dustbin, or pinpoint its location within the house using straightforward voice commands.
Real-Time Cleaning Reports and Logs
Monitoring the robot’s cleaning performance is simplified with the Live Cleaning Report function. Users can observe a real-time digital map of their home during cleaning, with the ability to pause or halt the process if necessary. Once cleaning is finished, users can review the cleaning logs to check which areas were addressed, the duration of the cleaning session, and the robot’s cleaning path.
Launch and Pricing
Samsung’s newly introduced robot vacuum models are currently available in Australia. The Bespoke Jet Bot Combo AI retails for $2,499, while the more accessible Bespoke Jet Bot Combo is offered at $1,999. Both models can be acquired through Samsung’s online store and select retailers nationwide.
Conclusion
Samsung’s 2024 robot vacuum series is poised to transform home cleaning in Australia. With the premier Bespoke Jet Bot Combo AI leading the way, these AI-enhanced devices feature an array of advanced functionalities that promise to alleviate household cleaning tasks. From AI Object and Stain Recognition to the convenience of voice control via Bixby, these robots are tailored to navigate the complexities of modern lifestyles, allowing Australians to concentrate on what truly counts.
Q: What differentiates the Bespoke Jet Bot Combo AI from other robot vacuums?
A: The Bespoke Jet Bot Combo AI is notable for its combined vacuuming and mopping capacities, augmented by advanced AI capabilities like AI Object and Stain Recognition, AI Floor Detect, and the Integrated Clean Station Steam+ for sanitary upkeep.
Q: Is remote control available for the Bespoke Jet Bot Combo AI?
A: Yes, you can remotely manage and oversee the Bespoke Jet Bot Combo AI using the SmartThings app on your compatible smartphone, which allows you to set cleaning schedules, initiate various cleaning modes, and designate virtual “no-go” areas.
Q: How does the robot vacuum adapt to various flooring types?
A: The Bespoke Jet Bot Combo AI utilizes AI Floor Detect to identify hard surfaces and carpets. Upon encountering a carpet, it automatically increases its suction power for deep cleaning and can lift or detach its mop pads to keep carpets dry.
Q: What is the pricing for the Bespoke Jet Bot Combo AI in Australia?
A: The Bespoke Jet Bot Combo AI is priced at $2,499, while the more affordable Bespoke Jet Bot Combo is available for $1,999. Both models can be purchased through Samsung’s online store and select retailers across the country.
We independently review everything we recommend. When you buy through our links, we may earn a commission which is paid directly to our Australia-based writers, editors, and support staff. Thank you for your support!
Jamie Crank has been named ASX’s new Group Executive for Technology and Data.
Crank brings over 20 years of industry experience, with notable roles at Chi-X Australia and the London Stock Exchange.
He succeeds Dan Chesterman, who left in May 2023 after implementing significant changes at the ASX.
Currently, the ASX is facing issues stemming from a failed attempt to re-platform its clearing and settlement system.
Crank will manage ASX’s data products, data centre, connectivity services, and the enterprise data strategy.
New Leadership at ASX: Jamie Crank Assumes Leadership
The Australian Securities Exchange (ASX) has appointed Jamie Crank as its Group Executive for Technology and Data after a thorough three-month selection process. This decision reflects a strategic adjustment within ASX’s senior management as the entity continues to tackle a challenging technological environment.
Jamie Crank: A Seasoned Professional in the Exchange Industry
Jamie Crank is an experienced player in the financial markets landscape, offering over 20 years of expertise. His background features important positions at Chi-X Australia and the London Stock Exchange, giving him a robust insight into exchange functionalities. Joining the ASX in 2016 as a Senior Manager of Information Services, his elevation to the leading technology position highlights the confidence the organisation has in his capabilities.
Key Duties and Strategic Objectives
In his new capacity, Crank will be in charge of various essential operations. His responsibilities encompass managing the ASX’s data products, data centre, and connectivity services sectors. Additionally, he will spearhead the ASX’s enterprise data strategy and guide a team focused on developing new products and innovations. This position is crucial, especially as data’s significance in financial markets rises alongside the demand for efficient, dependable, and secure connectivity solutions.
Upcoming Challenges: The Aftermath of an Unsuccessful Re-platforming Initiative
Crank steps into his new position during a period of notable challenges for the ASX. The organisation recently had to halt its efforts to re-platform its clearing and settlement system utilizing digital ledger technology—an initiative that has not only hindered its technological goals but has also resulted in legal issues. The ASX is currently involved in legal proceedings stemming from the unsuccessful project, elevating the importance of Crank’s role as the organisation endeavors to regain stability and trust in its technology.
A New Chapter in Leadership
Crank’s predecessor, Dan Chesterman, initially served as Chief Information Officer before becoming Group Executive for Technology and Data. Throughout his tenure, the ASX experienced considerable transformations; however, the complications tied to the re-platforming effort have overshadowed his accomplishments. Crank’s appointment signals a likely shift in strategy as the ASX works to mend recent setbacks and prepare for future achievements.
Summary
Jamie Crank has been appointed as the Group Executive for Technology and Data at the Australian Securities Exchange (ASX). With a background spanning over 20 years in the financial markets sector, Crank enters a vital role amid substantial challenges facing the ASX, including the aftermath of a failed re-platforming project. His responsibilities encompass managing data products, the ASX’s data centre, and connectivity services, as well as fostering innovation and product development.
Q: Who is Jamie Crank?
A:
Jamie Crank is an established professional in the financial markets realm, boasting over 20 years of experience. He has held significant roles at prominent exchanges like Chi-X Australia and the London Stock Exchange. Joining ASX in 2016 as a Senior Manager of Information Services, he has now been promoted to Group Executive for Technology and Data.
Q: What will Jamie Crank be responsible for in his new position?
A:
In his newly appointed role, Crank will oversee the ASX’s data products, data centre, and connectivity services. He will also manage the ASX’s enterprise data strategy and lead a team dedicated to new product innovation and development.
Q: What challenges does Crank encounter in his new position?
A:
Crank faces notable challenges, particularly in light of the failed re-platforming project intended to revamp the ASX’s clearing and settlement system through digital ledger technology. The ASX’s decision to abandon the initiative has come with ongoing legal repercussions.
Q: What implications does Crank’s appointment have for the ASX?
A:
Crank’s appointment may indicate a strategic realignment as the ASX aims to recover from recent technological setbacks. His extensive experience in the exchange sector and comprehensive knowledge of ASX operations could be vital for addressing upcoming challenges and promoting future innovation.
This article has been formatted to be SEO-friendly and presents a detailed overview of ASX’s recent decision to appoint Jamie Crank as their new Group Executive for Technology and Data. It features relevant subheadings, a summary, and a Q&A section to answer potential reader inquiries. The Quick Read section provides a brief overview for readers with limited time.
We independently review everything we recommend. When you buy through our links, we may earn a commission which is paid directly to our Australia-based writers, editors, and support staff. Thank you for your support!
Introducing Tesla Cortex: The AI Supercluster Shaping the Future of Self-Driving Cars and Robotics
Elon Musk, the CEO of Tesla, has shared a new video on social media showcasing a look inside the Gigafactory located in Austin, Texas. This footage provides a unique perspective on Tesla’s freshly enhanced AI data center, which is home to tens of thousands of advanced AI chips. These components are anticipated to position Tesla’s AI supercluster among the most substantial compute clusters globally, vital for the evolution of autonomous cars and robots.
Quick Overview:
Tesla’s Gigafactory in Austin now features a large AI supercluster, which is expected to include between 85,000 and 100,000 H100 GPU equivalents by year-end.
This AI cluster will drive Tesla’s “real-world AI” projects, such as self-driving technology and humanoid robots.
Earlier this year, Musk diverted 12,000 Nvidia GPUs destined for Tesla to xAI, yet it appears Tesla’s infrastructure is primed for growth.
The video shows initial construction stages with vacant cable trays and ongoing work.
Tesla’s AI is heavily reliant on data-centric, end-to-end learning to cultivate driving behaviors that resemble human actions.
Scalability and generalization remain vital priorities for Tesla’s AI, allowing adaptation to new and unencountered scenarios.
Exploring Tesla’s Gigafactory in Austin
The fresh video from Elon Musk taken at Tesla’s Gigafactory in Austin, Texas, has generated considerable excitement among technology aficionados and industry specialists. The clip displays the latest expansion on the factory’s southern side, where tens of thousands of high-performance AI chips are being added. This advancement aligns with Tesla’s overarching strategy to establish one of the most formidable AI superclusters worldwide, essential to the company’s vision for self-driving cars and robotics.
From GPUs to AI Superclusters
This year, Tesla gained attention when Musk allocated 12,000 Nvidia H100 GPUs that were meant for Tesla to his other project, xAI. This move sparked a conversation about resource management amidst Musk’s various companies. Yet now it appears that Tesla’s AI setup is progressing, with plans to amass between 85,000 and 100,000 H100 GPU equivalents by the close of 2024. This will involve a combination of Nvidia GPUs and Tesla’s unique Dojo chips, both crucial for AI training and execution.
Tesla’s Strategy for “Real-World AI”
Tesla often describes its AI initiatives as “real-world AI,” a phrase that highlights the practical uses of artificial intelligence in daily life. In contrast to traditional AI systems that lean heavily on simulations, Tesla’s approach is rooted in actual data. The firm gathers extensive data from its fleet of vehicles, utilizing it to train its AI models. This data-led method enables Tesla’s AI systems to learn not merely from preset rules but from real-world encounters, enhancing adaptability and scalability.
End-to-End Learning for Self-Driving Technology
A notable aspect of Tesla’s AI is its end-to-end learning framework. Conventional AI systems typically depend on pre-established rules for decision-making, whereas Tesla’s AI is designed to convert raw input—such as camera images—straight into driving actions. This method parallels the way a human learns to operate a vehicle, minimizing the reliance on human-defined regulations and enhancing the AI system’s flexibility and responsiveness. This end-to-end learning is paramount for Tesla’s goal of fully autonomous cars, which must navigate an endless array of real-world circumstances.
Scalability and Generalization
Another fundamental element of Tesla’s AI approach is its emphasis on scalability and generalization. While many AI technologies thrive in controlled settings, Tesla’s AI must be equipped to generalize its training data to address new and unexpected scenarios. This capacity to adapt is especially critical for autonomous vehicles, which face numerous unpredictable conditions on the streets. Tesla’s AI is structured to learn from each interaction, progressively enhancing its operation over time.
Video Insights: A Glimpse Inside Tesla’s AI Supercluster
Though videos revealing such infrastructure are uncommon, Musk’s latest post provides a notable insight into the preliminary phases of building Tesla’s AI supercluster. Here’s what we can deduce from the visuals:
Under Construction
The video clearly illustrates that the AI supercluster is still in the construction phase. The cable trays atop the server cabinets remain mostly empty, with safety bollards, ladders, and workers donning safety vests throughout the footage. This suggests that the installation process is still active, with key components still forthcoming.
Power Requirements for AI
The clip also emphasizes the considerable power infrastructure necessary to sustain such a vast compute cluster. While the server racks now display high-capacity power cables, it’s evident that the complete power needs haven’t yet been fulfilled. Once fully functional, the power consumption from this supercluster is anticipated to be substantial, potentially affecting the nearby power grid.
Rows of GPUs
The footage showcases countless rows of server cabinets laden with GPUs, extending into the horizon. Counting the aisles becomes challenging after the eighth row, but it’s apparent that this is an immense installation. The scale of the arrangement highlights the extensive computational power Tesla is amassing to propel its AI aspirations.
Hot and Cold Aisles
Modern data centers must meticulously regulate temperature, and Tesla’s facility is no different. The design incorporates cold aisles where the front of the server blades face inward, optimizing cooling efficiency. Hot air is expelled from the rear into hot aisles, where it is extracted from the system. The floor seems engineered to catch dust, with a positive pressure system likely employed to keep dust away from sensitive components.
High-Tech Meets Low-Tech
In spite of the state-of-the-art technology showcased, the video also presents some grassroots solutions. One aisle features a simple cardboard sign secured by duct tape—a delightful contrast to the high-tech surroundings. This serves as a reminder that even within the most advanced environments, sometimes the simplest solutions prevail.
Conclusion
The revelation of Tesla’s AI supercluster at their Gigafactory in Austin signifies a crucial achievement in the company’s quest for autonomous driving technology and robotics. Combining Nvidia H100 GPUs with Tesla’s proprietary Dojo chips, this supercluster is poised to emerge as one of the most substantial AI compute clusters in the…
.jpg)
.jpg)
