21 Shocking Project Management Statistics – That Cost Business Owners Millions Each Year

70 percent of projects fail. The failure of IT costs the U.S. economy about $50-$150 billion annually. Just 40 percent of projects at IBM meet the company’s three key goals (schedule, budget, and quality). Three-quarters of projects fail because senior management doesn’t get involved. 17 percent of IT projects go so badly, they threaten the existence of the company. 80 percent of “high-performing” projects are led by a certified project…

Cloud base video processing tools on AWS

Amazon Web Serveices (AWS), Amazon’s cloud computing services platform, is furthering its investment into video services for media companies and app developers with the recent announcement of five new video processing tools for AWS Media Services, an assemblage of cloud-based tools that help creators create, service and monetize their video streams. The new bundle of video tools is collectively known as AWS Elemental Media Services in a reference to Elemental…

CISCO SYSTEMS AGREES $1.9 BILLION DEAL FOR BROADSOFT

Cisco Systems has agreed to buy American telecom software company BroadSoft in a deal worth close to $2 billion. The California-based company offered $55 per share, which represents a premium of 2 percent to BroadSoft’s last close. “Together, Cisco and BroadSoft will deliver a robust suite of collaboration capabilities across every market segment,” said Rowan Trollope, senior vice president and general manager of Cisco’s Applications Business Group. “We believe that…

Amex Launches Blockchain-Based Business Payments

American Express Company, also known as Amex, has introduced instant blockchain-based payments using fintech startup Ripple. Earlier this week, the company said its FX International Payments (FXIP) business had partnered with Ripple to provide real-time, trackable non-card payments from the United States to Britain. “American Express has a long history of integrating new technologies,” said American Express’s chief information officer Marc Gordon, in a statement. “This collaboration with Ripple and…

Qualcomm Invests in Chinese AI Facial Recognition Startup

US chipmaker Qualcomm Inc on Wednesday said it has invested in Beijing-based facial recognition startup SenseTime, as part of a funding round that will close later this year. “SenseTime is dedicated to developing cutting-edge AI technologies to connect upstream partners with the downstream market,” said Xu Li, founder of SenseTime. “With Qualcomm’s strategic investment and collaboration, SenseTime can bring AI technologies to more terminal devices and boost the development of…