Sugar

cane firm Florida

Crystals sweetens SAP estate with AWS Cloud

Florida Crystals Corporation (FCC), a vertically integrated cane sugar company based in West Palm Beach, Florida, has entered into a collaboration with Lemongrass, the SAP on cloud company, to move its SAP estate to AWS.

FCC’s migration project has now completed, a targeted Landing Zone on AWS has been built, and Lemongrass is

HPE TO AUTOMATE REPRODUCIBLE AI-AT-SCALE WITH PACHYDERM

HPE has expanded its AI-at-scale offerings with the acquisition of Pachyderm to automate reproducible machine learning pipelines that target large-scale AI applications.

HPE can unlock AI-at-scale oppor tunities for customers by bringing together its supercomputing technologies that are foundational for optimized AI infrastructure and the HPE Machine Learning Development Environment.

The combined solution enables users to train more accurate AI models faster and at scale, on supercomputers that have been purpose-built

HPE will integrate Pachyderm’s reproducible AI capabilities in one integrated platform to deliver an advanced data-driven pipeline that automatically refines, prepares, tracks and manages epeatable machine learning processes used throughout the development and training envi- tin Hotard, executive vice president and general manager, HPC and AI at HPE, said: “As AI projects become larger and increasingly involve complex data sets, data scientists will need eproducible AI solutions to efficiently maximize

NVIDIA opens up the metaverse for enterprise

NVIDIA has released updates to its metaverse platform, Omniverse Enterprise. The new enhancements allow users to take advantage of streamlined workflows along with real-time RTX ray and path tracing to help teams develop.

NVIDIA brings these enhancements to the core components of the platform, including: Omniverse Kit SDK, Omniverse Create, Omniverse View and Omniverse Nucleus. All are designed for maximum flexibility and scalability, allowing users to connect tools, assets and projects to collaborate in a shared virtual space.

Accenture invests in Cosmo Tech digital twin technology

Accenture has made a strategic investment in Cosmo Tech, a global provider of digital twin simulation and optimization technology.

The agreement through Accenture Ventures took place during the first phase of the company’s Series C fundraising. It joins other Project Spotlight investments from late last year, including Planet Labs PBC for climate solutions and BehaVR for digital wellness.

Cosmo Tech’s 360˚ Simulation Digital Twin platform allows organizations to test business changes in order to see the potential short and long-term impact. The cloud-native platform uses data from current systems to test various scenarios and automatically determine an optimal action plan, enabling organizations to find new ways to reduce costs, improve resiliency and efficiency and lessen environmental impact.

Founded in 2010, Cosmo Tech’s solutions have helped organizations increase profit by five percent across complex supply chains and cut capital and operating expenses by 10-15 percent.

EIGHT LEGS GOOD: IBM TO ACQUIRE OCTO

IBM has entered into an agreement to acquire Octo a US-based IT modernization and digital transformation services provider, exclusively serving the US federal government.

This acquisition will see approximately 1,500 Octo employees joining IBM Consulting’s US public and federal market organization.

Octo will be IBM’s eighth acquisition of 2022 and will complement Big Blue’s existing strengths in IT modernization and digital transformation, enhancing its ability to support federal agencies with a flexible, modern approach to digital transformation.

Snowflake reports 54 percent growth in Q4

reported $555.3m in product revenue for the data cloud company, representing 54 percent year-on-year growth. Fiscal year 2023 saw owth, totaling $1.9bn.

- cal 2024, Snowflake’s product revenue is expected to fall between $568-573m, falling short of analyst anticipation. Stocks fell 6.8 percent accordingly following the results announcement.

The Q4 report revealed a total of 7,828 customers for the company, and a net revenue retention rate of 158 percent. 330 of those customers boast trailing 12-month product rev- enue greater than $1m. During fiscal 2023, Snowflake added approximately 1,900 net new employees, and plans to add 1,000 more in the new fiscal year, going against the current layoff curve in tech.

Frank Slootman, chairman and CEO, commented that Snowflake is “staying on track for our $10bn product revenue goal in fiscal 2029.”