SIU concludes Treasury’s Oracle contract was irregular

Parliament’s Standing Committee on Public Accounts (Scopa) has given National Treasury three weeks to come up with a way forward after the Special Investigating Unit (SIU) concluded that an almost R1-billion contract with Oracle was irregular. The integrated...

Increase in demand for APIs will come from AI

More than 30% of the increase in demand for application programming interfaces (APIs) will come from AI and tools using large language models (LLMs) by 2026, says Gartner. “With technology service providers (TSPs) leading the charge in GenAI adoption, the...

AI companies dominate the unicorn club

Last year, fewer than 100 companies joined the global unicorn club – the lowest number since 2017 and a steep drop compared to 2022 and 2023, which saw hundreds of private startups valued at $1-billion or more. Still, in a year that showed becoming a unicorn is...

Tech industry most geopoliticised in the world

The global supply chains organised to optimise profit and speed – which shaped international trade and delivered benefits to both producers and consumers for two decades under globalisation – have now been twisted out of shape, with the global economy...

Asset tokenisation to drive blockchain revenue boom

The blockchain industry, although volatile and nascent, has made significant progress in a short span of time, driven by remarkable innovation. Global blockchain platform and services revenue is set to grow from $12-billion in 2023 to $291-billion in 2030. This growth...

Wearables set for rebound

The wearable devices market declined 0,9% YoY in the fourth quarter of 2023 (4Q23), says IDC, adding that despite improved economic conditions, mature markets such as the US, Western Europe and Japan recorded declines in 4Q23 due to muted demand, tough comparisons...