BlackBerry kills its smartphone division, will pivot to software, services licensing

BlackBerry, née RIM, has announced that it will no longer develop its own smartphone or tablet hardware. The company is currently transitioning from a hardware-centric business to a software development company. It expects to complete that transition more effectively now that it has ended its own internal hardware efforts. “Our new Mobility Solutions strategy is showing signs of momentum, including our first major device software licensing agreement with a telecom joint venture in Indonesia,” CEO John Chen told investors. “Under this strategy, we are focusing on software development, including security…

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The Challenges of Big Data on Financial Services

The financial sector is one of the largest users of high-performance computing as it enables extremely valuable analytics to be performed regarding customer risk assessment, valuation and pricing of securities, and simulation of economic scenarios. The financial sector is gathering information about customers, both specific and generic at a faster rate than ever before in a bid to understand customer behavior and deliver appropriate products and services. The evolution of computing and big data collection has impacted almost every industry, but a more visible effect can be seen in the…

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