Australia Tech News Archives

ANZ Probes Disparities in AI-Assisted Programming Benefits

Nicholas Webb on July 19, 2024

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ANZ Explores Disparities in Benefits of AI-Driven Programming

Quick Read

ANZ Banking Group is experiencing inconsistent advantages from AI-assisted pair programming.
The bank is offering targeted training to improve familiarity with GitHub Copilot.
AI-driven code generation is producing more recommendations than engineers are adopting.
Certain specialized teams are not experiencing substantial benefits from incorporating AI.
Despite initial suspicions, the overall quality of the code has improved.

Artificial Intelligence in Software Engineering: Disparate Advantages at ANZ

The ANZ Banking Group embraced GitHub Copilot early on, utilizing the AI-driven coding assistant to support pair programming. After a successful initial trial, access was increased from 150 engineers to 3000. However, the advantages have not been consistently experienced by all team members.

ANZ examines uneven advantages of AI-powered coding

ANZ’s Tim Hogarth.

Uneven Benefits Distribution

At the recent GitHub Galaxy24 event, Chief Technology Officer Tim Hogarth discussed the matter. Hogarth mentioned that although some engineers have rapidly embraced and gained advantages from GitHub Copilot, others are still acclimating to the tool. “We initiated the rollout last year, making it accessible right away to 3000 individuals,” he stated. “We’re promoting onboarding and tracking usage activity.”

Developing Skills to Generate Value

To tackle this gap, ANZ is providing specialized training for GitHub Copilot. “During the proof-of-concept, participants showed enthusiasm for the trial, but not everyone is prepared to adapt,” stated Hogarth. Extra coaching sessions are being offered to assist engineers in forming new habits and seamlessly incorporating AI into their routines.

Specialized Groups and Restricted Worth

Despite these attempts, certain specialized teams have not experienced substantial benefits from utilizing GitHub Copilot. “We need to investigate this further,” Hogarth remarked. “We are uncertain whether it’s due to the technology, the team, or the nature of the problem they aim to address.”

Suggestions for Code: More Possible Solutions Than Approved Ones

Remarkably, GitHub Copilot has produced approximately two and a half times more coding recommendations than what ANZ’s engineers have actually accepted. This challenges the idea that engineers would uncritically adopt solutions generated by AI. “There was a certain ‘mystique’ surrounding Generative AI, where people thought you could simply input your problem and immediately get the perfect answer,” Hogarth elaborated.

Improved Code Quality

Contrary to initial beliefs, the quality of code produced by ANZ has indeed enhanced with the adoption of GitHub Copilot. “We’re discovering that it’s actually superior,” Hogarth affirmed.

Summary

Although the ANZ Banking Group has adopted AI-driven coding tools like GitHub Copilot, the advantages have not been uniformly experienced across its engineering teams. Specialized training and coaching are being offered to assist more engineers in effectively incorporating AI into their processes. Certain specialized teams are still finding it challenging to realize the benefits, and the bank is actively investigating the reasons. In general, despite producing more recommendations than implemented solutions, AI has enhanced the quality of code output at ANZ.

Q: How does ANZ Banking Group implement AI-assisted pair programming?

A:

ANZ Banking Group integrated GitHub Copilot for AI pair programming and increased its deployment from an initial test group of 150 engineers to a total of 3000 engineers.

Q: What causes the advantages of GitHub Copilot to be distributed unevenly at ANZ?

A:

The advantages are not equally distributed since some engineers have greater familiarity with the tool than others. To enhance understanding and utilization, training and coaching sessions are being offered.

Q: In what ways is ANZ tackling the issue of the unequal distribution of benefits?

A:

The bank is providing specialized training and extra coaching sessions to assist engineers in more effectively incorporating GitHub Copilot into their workflows.

Q: Is every team at ANZ gaining the same advantages from using GitHub Copilot?

A:

No, certain specialized teams have not experienced substantial benefits from utilizing the tool. The bank is exploring whether this is attributable to technological challenges, team dynamics, or the specific nature of their issues.

Q: What is the difference between the number of code suggestions generated by GitHub Copilot and the number of suggestions actually accepted?

A:

GitHub Copilot produces approximately 2.5 times more code recommendations than the number that engineers at ANZ actually approve.

Has the quality of code produced at ANZ declined as a result of using AI-powered coding?

A:

The initial concerns that code quality might decline have proven to be untrue. On the contrary, the quality has actually enhanced with the implementation of GitHub Copilot.

GitLab Explores Possible Sale: Implications for the Future

Nicholas Webb on July 19, 2024

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GitLab Explores Possible Sale: Implications for the Future

Quick Read

GitLab, with a valuation of US$8 billion ($11.9 billion), is considering a sale.
The procedure has garnered attention from firms such as Datadog.
GitLab’s stock rose by 7% after reports of a possible sale emerged.
Alphabet possesses a 22.2% voting interest in GitLab.
In 2024, there has been a global increase in mergers and acquisitions within the technology sector.
GitLab boasts more than 30 million registered users and exhibits strong year-over-year revenue growth.

GitLab’s Valuation and Prospective Acquirers

GitLab, a significant entity in the realm of cloud-based software development tools, holds a current valuation of approximately US$8 billion (equivalent to $11.9 billion). The company has started a sale process, drawing attention from multiple industry peers, such as the cloud monitoring company Datadog. However, despite the interest, no immediate agreement is expected, and the transaction might take several weeks to come to fruition.

Market Reaction

After the announcement of the possible sale, GitLab’s stock experienced a notable surge, reaching an increase of up to 11.5%, before settling at a 7% gain. Neither GitLab nor Datadog provided any comments regarding the situation.

Alphabet’s Stake

Alphabet, the parent company of Google, possesses a 22.2% voting share in GitLab via its venture capital division. Despite having this considerable share, Alphabet has not disclosed any intentions regarding the possible sale.

Investment Sentiment

Needham analyst Mike Cikos has consistently regarded GitLab as an appealing acquisition target. Although investors frequently see AWS or Google Cloud as more likely acquisition prospects, Cikos is hopeful about a potential merger between GitLab and Datadog.

Technology Sector Trends

The technology industry has experienced a significant increase in mergers and acquisitions, fueled by progress in artificial intelligence and cloud computing. For example, Alphabet is reportedly in advanced discussions to purchase the cybersecurity startup Wiz for approximately US$23 billion.

GitLab’s Ecosystem and Community of Users

GitLab provides an all-in-one platform that allows development, operations, and security teams to create and oversee software with a unified tool. This platform serves over 30 million registered users and is employed by more than 50% of the Fortune 100 companies.

Remote Operations

Although GitLab’s official headquarters are located in San Francisco, the company functions completely remotely, a trend that has been growing in popularity within the tech sector.

Financial Performance

Although GitLab experienced notable annual revenue growth of 33%, reaching US$169.2 million, and saw its first positive cash flow in the most recent quarter, the company’s shares have lagged behind this year. The share price has dropped by 16%, while the S&P 500 Application Software index has increased by 3%.

Competitive Landscape

One of the difficulties GitLab encounters is setting its prices competitively. The company goes up against Microsoft, which purchased competitor GitHub for $7.5 billion in 2018.

Updates on Leadership and Health

Sid Sijbrandij, the CEO and co-founder who holds 45.51% of the voting stock via dual-class shares, recently revealed that he would be undergoing treatment for osteosarcoma, a type of cancer, for the second time. Despite his health issues, Sijbrandij stays dedicated to his position.

Datadog’s Role

Valued at $44 billion, Datadog provides software that allows tech professionals to collaborate and track their productivity through the cloud. Acquiring GitLab could potentially boost Datadog’s capabilities and strengthen its market position.

Summary

GitLab is considering a sale that has attracted the attention of multiple prospective buyers, among them Datadog. GitLab’s solid user base and impressive financial health make it an appealing target for acquisition. The technology industry is experiencing a rising trend in mergers and acquisitions, fueled by progress in AI and cloud computing.

Q: What is the current market capitalization of GitLab?

GitLab is presently estimated to be worth approximately US$8 billion (AU$11.9 billion).

Who might be potential purchasers looking to buy GitLab?

A: Datadog, a company specializing in cloud monitoring, is one of the main businesses expressing interest.

What is Alphabet’s ownership percentage in GitLab?

Alphabet, via its venture capital division, possesses a 22.2% voting interest in GitLab.

Q: What has GitLab’s financial performance been like in recent times?

GitLab experienced a 33% increase in revenue compared to the previous year, reaching US$169.2 million, and achieved its first positive cash flow in the most recent quarter.

What obstacles does GitLab encounter in the competitive market?

One major difficulty is setting competitive prices for its products in comparison to competitors such as Microsoft-owned GitHub.

What is the total number of registered users on GitLab?

GitLab claims to have more than 30 million users signed up.

What new health information was shared by GitLab’s CEO?

CEO Sid Sijbrandij has announced that he will be undergoing treatment for osteosarcoma again, but he remains dedicated to his responsibilities.

Capgemini Enhances Digital Transformation in Aged Care with $83.3 Million Investment

David Leane on July 18, 2024

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Capgemini Enhances Digital Transformation in Aged Care with an $83.3 Million Investment

Capgemini's role in Aged Care digital transformation grows to $83.3m

Quick Read

Capgemini’s participation in the digital transformation of Aged Care has increased from $36.7 million to $83.3 million.
The growth is mainly fueled by services related to Salesforce.
New agreements feature a $9.7 million budget for user-centered design services.
The Department of Health and Aged Care has been a major beneficiary of federal budget allocations for ICT infrastructure.

Introduction to Capgemini’s Enhanced Role

Capgemini’s contribution to the federal Aged Care digital transformation has increased substantially in just over a year, rising from $36.7 million to $83.3 million, mainly for services related to Salesforce. This notable increase highlights the Australian government’s dedication to upgrading its Aged Care digital infrastructure.

Original Agreement and Later Extensions

The company originally obtained a $36.7 million “work order” in May of the previous year to develop capabilities for delivering ICT infrastructure for the Aged Care system. In May of this year, they extended the contract for an additional year at the same amount of $36.7 million. Earlier this month, an additional contract worth $9.7 million was announced, making the total funding allocated to Capgemini $83.3 million.

Distribution of Assigned Funds

The majority of the funds, totaling $73.4 million, are allocated for the “development, support, and maintenance” of Salesforce and MuleSoft. An unspecified amount is set aside for the Salesforce-based technical infrastructure of the government provider management system (GPMS), which is intended to replace a 20-year-old system currently in use.

Concentrate on Salesforce and MuleSoft.

According to tender records, the value of the GPMS to Salesforce has risen from $13.5 million in February last year to $29.2 million. Additionally, Capgemini is supporting other applications of Salesforce and MuleSoft beyond just the GPMS.

User-Centred Design Services

The latest $9.7 million agreement with Capgemini is centered on a distinct set of tasks associated with “user-centred design services.” This initiative is intended to more effectively support work management and is consistent with the department’s goals to improve digital transformation in Aged Care.

Announcement from the Department of Health and Aged Care

A representative from the Department of Health and Aged Care mentioned that Capgemini is presently offering professional services to the aged care digital transformation initiative in two primary domains: the development, maintenance, and support of their Salesforce/MuleSoft platform, and the supply of design resources in collaboration with their business partners to outline requirements.

Federal Budget Allocations

For several consecutive years, the department has notably received significant federal budget allocations for “ICT infrastructure,” amounting to $312 million in Budget 2022, $214.5 million in Budget 2023, and $174.5 million in Budget 2024.

Suggestion from the Royal Commission

A Royal Commission on Aged Care Quality and Safety advised extensive modifications to IT systems within the industry and highlighted the importance of implementing digital technology to enhance the care and wellbeing of residents.

Summary

The participation of Capgemini in the federal Aged Care digital transformation has grown considerably due to an increased emphasis on Salesforce and MuleSoft services. New contracts aimed at user-centred design services enable Capgemini to remain a key player in updating Australia’s Aged Care digital framework. Substantial federal budget allocations given to the Department of Health and Aged Care are directed towards improving ICT infrastructure, in line with suggestions from the Royal Commission into Aged Care Quality and Safety.

What is the overall worth of Capgemini’s participation in the digital transformation of Aged Care?

The total commitment from Capgemini has increased to $83.3 million.

Q: What main services does Capgemini offer?

Capgemini primarily offers development, support, and maintenance services for Salesforce and MuleSoft platforms, in addition to user-centered design services.

What does GPMS stand for?

The Government Provider Management System (GPMS) is a Salesforce-based technical platform that modernizes a 20-year-old system used in Aged Care.

How much did the value of the GPMS contract rise?

A: The amount rose from $13.5 million in February of the previous year to $29.2 million.

Q: What are user-centered design services?

User-centered design services emphasize developing systems that fulfill user requirements by utilizing research, design, and repeated testing.

What federal budget provisions have been designated for ICT infrastructure in Aged Care?

Federal budget distributions encompass $312 million in Budget 2022, $214.5 million in Budget 2023, and $174.5 million in Budget 2024.

What were the recommendations of the Royal Commission?

The Royal Commission proposed comprehensive updates to IT systems in aged care, emphasizing the adoption of digital technology to enhance the care and wellbeing of residents.

Quantum Radiology Regains Majority of Patient Records After 2023 Cyber Attack

David Leane on July 17, 2024

Quantum Radiology Restores Majority of Patient Records After 2023 Cyber Attack

Quantum Radiology Reclaims Most Patient Records After 2023 Cyber Attack

Quantum Radiology recovers "majority" of patient records after 2023 cyber incident

Quick Read

Quantum Radiology restores primary IT systems after a cyber attack.
Most patient records have been successfully restored.
Current initiatives to recover historical scanned images.
Notable enhancements in cybersecurity practices.

Incident Overview

Quantum Radiology, primarily a medical imaging service based in Sydney, was severely affected by a cyber attack late last year. The incident, occurring in November 2023, forced the company to shut down its clinics and cancel patient appointments because of compromised IT systems.

Recovery Efforts

In an announcement released on July 15, seven months following the initial incident notice, Quantum Radiology revealed that it had successfully decrypted its primary IT systems and carried out an analysis of data that might have been impacted. The company verified the retrieval of the majority of patient reports that were affected.

Ongoing Data Restoration

Although the main patient records have been obtained, Quantum Radiology is still in the process of recovering historical scanned images. This task is anticipated to require more time.

Cybersecurity Enhancements

Following the cyber attack, Quantum Radiology has implemented significant steps to enhance its IT and cybersecurity framework. These actions involve:

Total overhaul of server infrastructure.
Software upgrades.
Enhanced security measures and cybersecurity awareness campaigns.
A review of cybersecurity practices carried out independently.
A dedication to continuous cybersecurity assessments.

Coordination with Authorities

The company has informed NSW and Commonwealth authorities, along with law enforcement agencies, about the recent progress in their recovery operations.

Summary

Quantum Radiology has achieved notable progress in recovering from the 2023 cyber attack that impacted its operations and exposed patient data. The organization has successfully decrypted its primary IT systems and retrieved the majority of patient records. Efforts to recover historical data are ongoing, and improved cybersecurity measures have been implemented to safeguard against future threats.

Why did Quantum Radiology shut down its clinics?

The cyber attack in November 2023 compelled Quantum Radiology to shut down its clinics and cancel patient appointments as their IT systems were compromised.

How much of the patient’s data has been retrieved?

Quantum Radiology has successfully restored its primary IT systems and retrieved most of the patient records.

Q: What measures are currently being implemented to restore historical scanned images?

The company is presently trying to retrieve historical scanned images, which might take a bit longer.

What cybersecurity precautions have been put in place following the incident?

Quantum Radiology has implemented various actions such as fully reconstructing the server infrastructure, updating software, enhancing security measures, conducting an independent review of cybersecurity practices, and pledging to maintain continuous cybersecurity assessments.

Have the authorities been notified regarding the recovery progress?

A: Yes, NSW and Commonwealth authorities, along with law enforcement agencies, have been informed of the recent progress in Quantum Radiology’s recovery initiatives.

For further details on this subject, please visit TechBest.

The Australian Electoral Commission Initiates Shift from NEXTDC Facilities

Vanessa May on July 17, 2024

The Australian Electoral Commission is transitioning to CDC data centers.

The Australian Electoral Commission Relocates to CDC Data Centres

Australian Electoral Commission migration to CDC Data Centres

Quick Read

AEC secures an $8 million agreement with CDC Data Centres.
The migration must be finished before the upcoming federal election.
The contract is valid until 2034, with possible extensions up to 2036.
Concentrate on confirming that IT systems are stable, secure, and prepared for elections.
The move involves reducing on-site infrastructure.

The Transition Plan

The Australian Electoral Commission (AEC) is shifting its operations from NEXTDC facilities to CDC Data Centres, aiming to finish the migration before the forthcoming federal election. This transition is a component of a larger strategy to guarantee the security and reliability of election IT systems.

Contract Details

On July 2, 2023, the AEC entered into an $8 million agreement with CDC Data Centres. This contract spans a decade, running through to 2034, with possible extensions until 2036. Notably, this new contract overlaps by six months with the existing ten-year agreement with NEXTDC, which is scheduled to expire at the end of 2024.

Considerations for Timing and Election

The timing of this transition is critical. The Australian Electoral Commission’s (AEC) existing agreement with NEXTDC, located in Bruce, a suburb of Canberra, was scheduled to end on December 11, 2024. Since there is a possibility that the 2024/25 federal election might be announced in the latter half of 2024, the AEC had to finalize the migration by September 2024 to prevent substantial risks to IT operations during the election.

Guaranteeing Stability and Safety of the System

An AEC representative highlighted the significance of this shift to ensure secure, reliable, and ready-to-use IT systems for elections. CDC Data Centres secured the contract through a competitive bidding process managed by a panel put together by the Digital Transformation Agency.

Reducing Workforce and Investing in Cloud Services

The transition to CDC Data Centres offers the AEC a chance to reduce its on-site infrastructure. Currently, the data centre accommodates essential WAN infrastructure, internal business systems, and election delivery services. By shifting to CDC Data Centres, the AEC intends to enhance its cloud capabilities, thereby decreasing the need for physical data centre space.

Key Milestones

The AEC has established four main milestones for this transition, all of which must be achieved before October.

Setting up the new CDC facility
Creation of fundamental transport services
Relocation of AEC infrastructure
Carrying out assurance tasks for the 2024/25 federal election, including disaster recovery tests and high-availability failover procedures.

Updating Fundamental Voting Mechanisms

This shift is a component of a broader initiative by the AEC to update its fundamental election systems. In recent years, the commission has implemented major enhancements to ensure their systems can address modern requirements and obstacles.

Summary

The Australian Electoral Commission is shifting from NEXTDC facilities to CDC Data Centres in a strategic effort to guarantee secure and dependable IT systems for future elections. This $8 million contract highlights a wider initiative to modernize and reduce on-premises infrastructure while enhancing cloud capabilities. The migration is planned meticulously to prevent any disruptions before possible federal elections in 2024/25.

Q&A

Q: What is the reason behind the AEC transitioning from NEXTDC to CDC Data Centres?

A:

The initiative seeks to maintain the safety, stability, and security of the AEC’s IT systems in preparation for upcoming elections. Additionally, it provides a chance to reduce on-site infrastructure and focus on cloud investments.

Q: How much is the new contract worth and how long will it last?

A:

The AEC entered into an $8 million agreement with CDC Data Centres for a duration of 10 years, extending until 2034, with potential prolongations up to 2036.

Q: When will the transition be finished?

A:

The migration is scheduled to be finished before October 2024 to mitigate any risks related to the possible federal election in the latter half of 2024.

Q: What are the main steps in this transition?

A:

The main objectives consist of readying the new CDC facility, setting up essential carriage services, transitioning AEC infrastructure, and finalizing assurance tasks for the forthcoming federal election, which includes disaster recovery tests and high availability failovers.

Q: In what ways does this transition align with the AEC’s overarching strategy?

A:

This initiative is a component of a broader strategy by the AEC to update its primary election systems and ensure they align with current requirements and obstacles.

What particular infrastructure is planned to be housed at the new data center?

A:

The upcoming data centre will accommodate essential WAN infrastructure, internal business platforms, and election support services. This shift will also facilitate greater investments in cloud technologies.

Huge Prime Day Deal: Get 60% Off on the ECOVACS Deebot X1 OMNI Robot Vacuum

Matthew Miller on July 17, 2024

Huge Prime Day Deal: Get 60% Off the ECOVACS Deebot X1 OMNI Robot Vacuum

Quick Read

Amazon Prime Day Deals will occur from July 19th to July 21st, 2024.
The ECOVACS Deebot X1 OMNI Robot Vacuum is currently available at a 60% discount for A$999.00.
Key Features: Self-Washing Mop, Automatic Emptying Station, 5000 Pa Suction Strength, and additional functionalities.
Special price for Amazon Prime Members.
Excellent value even after the release of the newer X2 version.

Prime Day Deal: ECOVACS Deebot X1 OMNI Robot Vacuum

Exclusive for Amazon Prime Day: Grab the ECOVACS Deebot X1 OMNI Robot Vacuum at an Unbeatable Price

Amazon’s Prime Day Deals for 2024 have arrived, running from July 19th to July 21st. One of the standout tech offers is the ECOVACS Deebot X1 OMNI Robot Vacuum, now available at a remarkable 60% discount, reducing the price to A$999.00 from the regular A$2,499.00. This deal is exclusive to Amazon Prime members.

The ECOVACS Deebot X1 OMNI is a highly capable robot vacuum cleaner renowned for its sophisticated features, even with ECOVACS’ recent release of the X2 version. The X1 OMNI continues to be a worthwhile option for various reasons.

Self-Cleaning Mop & Automatic Disposal Station

Auto-Wash Mop: Self-cleans the mop after every use, guaranteeing it’s consistently prepared for the next cleaning task.
Auto-Empty Station: Transfers the dust from its bin into a larger container within the station, thus minimizing the necessity for regular emptying.

15-in-1 Deep Cleaning Vacuum and Mop

Offers extensive cleaning functions, effectively managing different surfaces and dirt types.
Offers various cleaning modes and tools to accommodate diverse cleaning requirements.

YIKO Voice Control with Interactive Capabilities

A sophisticated voice assistant enabling users to operate the vacuum cleaner using verbal commands.
Provides hands-free functionality and connects with smart home systems.

5000 Pa Powerful Suction

Boasting one of the strongest suction powers in robot vacuums, it guarantees effective cleaning of various kinds of dirt and debris.
Able to thoroughly clean both carpets and hard floors.

AIVI 3D Technology

Artificial Intelligence and Visual Interpretation (AIVI): Utilizes sophisticated AI to detect and circumvent obstacles, improving navigation and performance.
3D Mapping: Generates comprehensive maps of your residence to ensure accurate and efficient cleaning routes.

OZMO Turbo Spin Mop System

A sophisticated mopping system that utilizes rotating pads to thoroughly scrub floors, offering a more thorough clean than conventional robotic mops.
Ideal for addressing tough stains and bigger spills.

Comprehensive App Control

Complete authority over cleaning timetables, modes, and configurations via a specialized smartphone application.
Instantaneous tracking and personalization features.

High-Capacity Battery

Durable battery life, enables cleaning of extensive areas with one charge.
Automatically returns to the charging station when the battery is low.

Advanced Sensors

Outfitted with various sensors to identify dirt, edges, and obstacles, guaranteeing comprehensive and secure cleaning.
Detection of falls to prevent accidents on staircases.

Customisable Cleaning Plans

Users have the ability to establish particular cleaning routines and designated areas, including restricted zones to prevent access to specific regions.
Mapping for homes with several floors.

HEPA Filtration

HEPA filter designed to capture fine dust and allergens, enhancing indoor air quality.

Elegant Design

A sleek, modern white design that seamlessly complements different home decors.

Quiet Operation

Engineered to function quietly, reducing disruptions during cleaning.

Easy Maintenance

Components

Alphabet, the parent company of Google, is in discussions to acquire the cybersecurity startup Wiz.

Matthew Miller on July 16, 2024

Alphabet’s Groundbreaking Negotiation with Cybersecurity Startup Wiz

Google parent in talks to buy cyber security startup Wiz

Quick Read

Alphabet, the parent company of Google, is in advanced negotiations to acquire Wiz for about 23 billion US dollars (34 billion in local currency).
This purchase might be the biggest one Alphabet has ever made.
Wiz provides cloud-based cybersecurity solutions utilizing AI-powered threat detection.
In 2023, Wiz achieved a revenue of $350 million and provides services to 40% of Fortune 100 companies.
The agreement occurs during increased regulatory examination under the Biden administration.
The number of mergers and acquisitions in the technology sector has increased by more than 42% compared to the same period last year.

Alphabet Announces Revolutionary Purchase

Alphabet Inc., Google’s parent company, is allegedly in the late stages of talks to purchase the cyber security firm Wiz for around US$23 billion (AU$34 billion). Should it go through, this significant transaction would be Alphabet’s biggest acquisition so far.

A source with knowledge of the situation indicated that the acquisition will mostly be financed in cash and might be finalized in the near future. This move highlights the increasing significance of cyber security as tech behemoths strive to find innovative methods to safeguard data and infrastructure.

About Wiz

Established in Israel and now based in New York, Wiz is among the rapidly expanding software startups worldwide. The company focuses on cloud-based cybersecurity solutions, utilizing artificial intelligence for instant threat detection and response.

In 2023, Wiz achieved roughly US$350 million in revenue and is currently partnering with about 40% of Fortune 100 companies. Remarkably, the startup secured US$1 billion in a private funding round, which valued the company at US$12 billion.

Wiz serves a varied clientele, including prominent firms like Morgan Stanley and DocuSign. The company collaborates with several cloud providers including Microsoft and Amazon.

Regulatory Hurdles Ahead

If Alphabet goes ahead with this acquisition, it would be an uncommon example of a prominent tech company trying to carry out a significant merger amidst rising regulatory supervision. Under President Joe Biden’s administration, US regulators have expressed increasing opposition to large tech firms further expanding through acquisitions.

Despite possible regulatory hurdles, the tech industry has experienced a substantial increase in dealmaking activities this year. For example, design software firm Synopsys agreed to purchase Ansys for approximately US$35 billion, while Hewlett Packard Enterprise reached a US$14 billion agreement to acquire Juniper Networks.

Plans for Development and Enlargement

Wiz employs approximately 900 individuals across the United States, Europe, Asia, and Israel. The company intends to increase its workforce by hiring an additional 400 employees worldwide in 2024. This expansion showcases Wiz’s dedication to growing its operations and improving its cybersecurity services.

Alphabet’s interest in Wiz follows the tech giant’s decision not to acquire the online marketing software company HubSpot. This potential acquisition aligns with Alphabet’s strategy to bolster its presence in the cybersecurity sector.

Increase in Mergers and Acquisitions

The technology sector has seen a significant increase in mergers and acquisitions this year. Data from Dealogic indicates that technology led M&A activities during the first six months of the year, rising by over 42% compared to the previous year to reach $327.2 billion.

This pattern emphasizes the growing desire among tech firms to strengthen their market standings and purchase innovative startups providing distinct solutions.

Summary

Alphabet is reportedly in advanced negotiations to purchase cybersecurity startup Wiz for around US$23 billion ($34 billion). If completed, this acquisition would represent Alphabet’s most significant to date, highlighting the increasing significance of cybersecurity solutions in the modern digital environment. This deal occurs amidst intensified regulatory oversight, yet it follows the broader trend of rising mergers and acquisitions within the tech industry.

Q&A Section

Q: Why is this acquisition important for Alphabet?

A:

This acquisition would be the largest in Alphabet’s history, underscoring its dedication to strengthening cybersecurity capabilities in the face of increasing digital threats.

Q: What kinds of services are provided by Wiz?

A:

Wiz offers cybersecurity solutions through the cloud, utilizing artificial intelligence for real-time threat detection and responses.

How has Wiz fared financially?

A:

In 2023, Wiz produced approximately US$350 million in revenue and recently secured US$1 billion through a funding round that valued the company at US$12 billion.

What potential regulatory obstacles could this acquisition encounter?

A:

During President Biden’s tenure, there has been heightened regulatory attention on major technology companies purchasing smaller firms, potentially complicating this transaction.

Who are some of the prominent clients of Wiz?

A:

Wiz partners with leading enterprises such as Morgan Stanley and DocuSign and works together with cloud service providers like Microsoft and Amazon.

Q: In what way does this acquisition align with Alphabet’s overall strategy?

A:

Acquiring Wiz supports Alphabet’s plan to enhance its cybersecurity capabilities and protect its extensive digital network.

IAG Finds Equilibrium in Data Mesh Endeavor

Nicholas Webb on July 16, 2024

IAG’s Balanced Approach to Data Mesh Deployment

IAG’s Intermediate Approach to Implementing Data Mesh

Quick Read

IAG has been a year into the implementation of a data mesh architecture.
The organization is utilizing Google Cloud and Confluent solutions.
The utilization of real-time data streaming is expanding within IAG.
Google Cloud Platform (GCP) serves as the cornerstone of IAG’s strategic data platform.
Confluent Cloud enables internal use cases for real-time streaming.

IAG’s Path to Implementing a Data Mesh

IAG is one year into adopting a data mesh architecture to further enhance the importance of data in its group operations and transformation initiatives. Burak Hoban, the executive manager of data platforms – data and risk, provided insights during the Confluent Data in Motion Tour 2024 event in Melbourne, expressing that IAG seeks to strike a balance in its data mesh journey.

IAG finds a "middle ground" in its pursuit of data mesh

Burak Hoban from IAG (left) with Rhett Pearson from Confluent (right) on-stage in Melbourne.

“We’ve already put that into practice, and we’re a year into the process,” Hoban mentioned. “My responsibility is to help expedite it.” Two key components of IAG’s data mesh include its strategic data and analytics platform, which utilizes Google Cloud services like BigQuery, alongside Confluent Cloud and connectors.”

Fundamental Tenets of Data Mesh

Data meshes are constructed based on several fundamental principles. These encompass treating data as a product, integrating data into a central repository while maintaining ownership and curation by “the domain team most acquainted” with the dataset, enabling self-service data access, and implementing universal standards for all data in use. Hoban noted that IAG had invested several years in establishing the essential components for a data mesh.

The use of real-time data is increasing.

IAG is beginning to identify more use cases for real-time streaming data throughout the organization. Hoban mentioned that the potential of real-time streaming and business eventing was acknowledged as early as 2017-18. Although some use cases did eventually surface, Hoban admitted that they were “slightly ahead of their time” overall.

Initial streaming implementations were internally constructed and overseen using Apache Kafka. However, as usage escalated, the insurer transitioned to a managed Kafka service via Confluent Cloud. This shift enabled Hoban and his team to collaborate more effectively with internal development and engineering teams, thereby boosting Kafka adoption.

“Kafka is beginning to take on a crucial role in our strategic platforms for the future,” Hoban remarked. He also hinted at a greater utilization of pre-built connectors provided by Confluent to access and stream data from different source systems.

Fully Committed to Google Cloud Platform (GCP)

At a Google Cloud Summit in Sydney in May, IAG’s Executive General Manager of Data, Risk, and Resilience, David Abrahams, shared additional insights about the insurer’s data platform built on GCP. Previously, the insurer had only mentioned its use of GCP in passing and had not discussed its architecture or decision-making process in detail.

“We possess a substantial amount of data that is crucial to our operations; however, due to our legacy systems, this data has become fairly fragmented and isolated,” Abrahams stated. IAG established Google Cloud as the cornerstone of its “strategic data and analytics platform.” This platform now utilizes Google Data Platform for advanced analytics, employing Vertex AI and machine learning on BigQuery.

The outcomes from this platform encompass the capability to craft more personalized experiences for customers and enable business teams to independently launch new models into production without requiring extra technical assistance.

Summary

IAG’s adoption of a data mesh architecture demonstrates its dedication to updating its data operations. Utilizing technology from Google Cloud and Confluent, IAG has established a framework that enables real-time streaming applications and self-service data access. This method improves customer experiences and grants internal teams increased independence in their data processes.

Q&A

A: Could you explain what a data mesh is?

A:

A data mesh is a design strategy that decentralizes data governance by considering data as a product. This allows domain-specific teams to manage and refine their datasets while following common guidelines.

Why did IAG opt for Google Cloud Platform?

A:

IAG selected Google Cloud Platform for its ability to provide a scalable and high-performance solution that could effectively handle its extensive, fragmented, and isolated data. This choice facilitates enhanced analytics and machine learning functionalities.

What function does Confluent Kafka serve in IAG’s strategic plan?

A:

Confluent Kafka enables IAG’s real-time streaming applications. It assists in synchronizing data across business tools, supports customer and policy migration processes, manages payment notifications, and helps develop real-time data products.

How has utilizing a managed Kafka model proven advantageous for IAG?

A:

By utilizing the managed Kafka model via Confluent Cloud, IAG has been able to free up its internal resources. This shift has enabled the team to concentrate on development and engineering activities, thereby increasing Kafka adoption throughout the organization.

Q: What are the advantages of IAG’s strategic data platform?

A:

IAG’s strategic data platform enhances customer experiences through greater personalization, allows business teams to independently deploy new models, and facilitates advanced analytics using Vertex AI and machine learning on BigQuery.

Q: What effect does real-time streaming have on IAG’s operations?

A:

Real-time streaming enables IAG to manage essential functions like generating pricing quotes or issuing policies effectively. Any downtime or problems with Kafka can severely affect these activities, underscoring its crucial importance.

The Australian Government Aims to Roll Out Public Safety Mobile Broadband by 2025-26

David Leane on July 15, 2024

Government Aims for Public Safety Mobile Broadband Implementation by 2025-26 | TechBest

Government Aims for Public Safety Mobile Broadband Deployment by 2025-26

Aussie Government Targets 2025-26 for Public Safety Mobile Broadband Rollout

Quick Read

The Australian government is targeting a nationwide deployment of a public safety mobile broadband (PSMB) service by the 2025-26 timeframe.
An RFI process has been started to collect information.
The PSMB will deliver essential data and video services to public safety organizations.
The service aims to boost communication among emergency responders and heighten their situational awareness.
Both newly established and already existing cellular infrastructure are being evaluated for the network.

Introduction

The Australian government plans to introduce a national public safety mobile broadband (PSMB) service by the 2025-26 financial year. This project is designed to greatly improve the communication abilities of public safety agencies throughout the country, offering vital data, video, and voice services during emergencies and critical situations.

Background and Importance

The PSMB project has been under discussion since 2009. However, it gained renewed momentum after a thorough review in 2022. According to the government, this initiative will represent the most significant advancement in communications for Australian public safety agencies in decades. The system is designed to provide fast, secure, and reliable communication capabilities, allowing near-instant access to crucial data and real-time analytics.

The Process of Requesting Information (RFI)

At the end of September, the government revealed that additional information regarding the forthcoming phases of the PSMB project would be published shortly. A task force formed in early 2023 has already begun a request for information (RFI) process. This preliminary stage is crucial for national planning and will aid in decision-making for both federal and state authorities.

The Request for Information (RFI) is particularly looking for feedback on creating a nationwide interoperable 4G communication network that accommodates data, video, and voice services for all public safety organizations. The goal is also to gather insights on how to merge this network with current voice services and other data networks.

Two-Staged Market Approach

The government has proposed a two-phase market strategy for acquiring the PSMB service. Initially, information will be collected via the RFI process. The following phase will consist of a formal tender process scheduled for the 2025-26 fiscal year. Telecommunications companies and other potential suppliers are required to engage in the RFI stage in order to qualify for later bidding.

Technological Considerations

A primary objective of the taskforce is to explore how 5G coverage can improve the PSMB service. The government is considering multiple operational models, ranging from a dedicated network to utilizing existing cellular infrastructure. The aim is to guarantee seamless integration and interoperability between various agencies and across state lines.

Summary

The Australian government’s bold initiative to implement a national public safety mobile broadband service by the years 2025-26 is poised to transform emergency response communications. By offering expedited, secure, and dependable data and video services, the PSMB will equip public safety agencies with essential tools for real-time analytics and enhanced situational awareness. As the preparations progress through a Request for Information (RFI) process, this project represents a crucial advancement in modernising Australia’s emergency communication infrastructure.

Q&A Section

What is the main objective of the PSMB service?

The main objective is to deliver essential data, video, and voice services to public safety agencies, improving their communication efficiency during emergencies and critical events.

When is the PSMB service set to be launched?

The government plans to implement the PSMB service by the 2025-26 fiscal year.

Q: What is the goal of the RFI process?

The goal of the RFI procedure is to collect essential data that will guide national strategy and decision-making for the PSMB initiative.

Q: Who must be involved in the Request for Information (RFI) phase?

Telecommunications companies and other providers aiming to bid on the PSMB project must join in the RFI stage to qualify for the subsequent formal tender process.

Q: In what ways will the PSMB service advantage public safety agencies?

The service will offer quick and secure communication features, allowing almost immediate access to essential data and real-time analysis, thus enhancing situational awareness and the efficiency of emergency responses.

What technologies are being evaluated for the PSMB network?

The taskforce is investigating the establishment of a national interoperable 4G network and examining how 5G coverage could further improve the service.

Australia Post Names New Chief Information Security Officer

David Leane on July 15, 2024

Australia Post Names New Chief Information Security Officer | TechBest

Australia Post Appoints New Chief Information Security Officer

Quick Read

Adam Cartwright will start as the Chief Information Security Officer (CISO) at Australia Post in August.
Cartwright formerly occupied top cyber security positions at Asahi Beverages, Commonwealth Bank of Australia (CBA), and ANZ Banking Group.
Glenn Stuttard leaves after 11 and a half years with Australia Post.
Stuttard intends to pause for a while before exploring new prospects.

Australia Post has revealed that Adam Cartwright will be stepping in as the new Chief Information Security Officer (CISO) beginning next month. Cartwright takes over from Glenn Stuttard, who is departing the organisation after more than 11 years of service. Stuttard’s exit signifies the conclusion of a notable chapter in Australia Post’s cyber security history.

Adam Cartwright’s Background

Adam Cartwright has a strong background in cyber security management and has joined Australia Post. Before this position, he was the Group General Manager of Cyber Security and Risk at Asahi Beverages. Cartwright has also served in significant roles like Deputy CISO at Commonwealth Bank of Australia (CBA) and Head of Cyber Security at ANZ Banking Group.

A spokesperson for Australia Post stated, “Adam will contribute extensive knowledge to Australia Post from his experience in cyber security across various sectors.”

Glenn Stuttard’s Departure

Glenn Stuttard, after serving Australia Post for 11.5 years, announced his resignation on LinkedIn last week. In his farewell message, Stuttard looked back on his journey with a sense of pride, highlighting the team’s achievements in protecting one of Australia’s most trusted brands. He also stated that he intends to “recharge before seeking new opportunities.”

Transition Period

The transition phase is anticipated to be seamless, with Cartwright taking over to uphold the strong security infrastructure founded during Stuttard’s tenure. Australia Post believes that Cartwright’s substantial experience will improve their cyber security practices even further.

Summary

Australia Post has named Adam Cartwright as the new Chief Information Security Officer, following Glenn Stuttard’s departure after 11.5 years of service. Cartwright’s broad expertise in cyber security within multiple sectors is anticipated to offer a new outlook on Australia Post’s security measures.

Q: Who has been appointed as the new CISO of Australia Post?

Adam Cartwright is set to begin his new role as Chief Information Security Officer at Australia Post next month.

What professional experience does Adam Cartwright have?

Adam Cartwright formerly served as the Group General Manager of Cyber Security and Risk at Asahi Beverages. Additionally, he held the roles of Deputy CISO at the Commonwealth Bank of Australia and Head of Cyber Security at ANZ Banking Group.

Why is Glenn Stuttard departing from Australia Post?

Glenn Stuttard is departing after 11.5 years at Australia Post to take a break and rejuvenate before seeking new opportunities.

How will this new leadership affect Australia Post?

The transition is anticipated to be seamless, as Adam Cartwright brings extensive expertise in cybersecurity to enhance Australia Post’s security framework.