Tens of thousands of executives and tech experts attended Fujitsu Forum Munich 2018. Fujitsu
Tens of thousands of executives and tech experts attended Fujitsu Forum Munich 2018. Fujitsu

Fujitsu's restructuring plans have AI at the top of its priority list



Fujitsu is undergoing a massive restructuring with artificial intelligence a top priority, bringing it up against the likes of Amazon, Apple and Google in the race for advancements and market share as the Japanese technology company opens a new subsidiary to develop AI.

Fujitsu Intelligence Technology opened this month in Vancouver with an initial capital investment of $4.6 million (Dh16.8).

While the Tokyo-headquartered company is centralising all of its manufacturing in Japan, it is using hubs like Vancouver, Munich and London, where it has customers, to understand international standards and demands and develop its newest technology, according to a Fujitsu spokesperson.

As part of its transformation, Fujitsu has opened digital centres for its customers in London and Munich this year where it has helped co-create 40 new solutions in security, AI and data analytics, among other concepts, that are now under further development. Fujitsu has also built a new technology solution for Microsoft Azure Stack to provide businesses with public cloud storage space that can provide the same control over data to its customers as a private cloud offering can.

"The core value of digital transformation is to move things quickly; more specifically, getting technology closer to the end-consumer or the end-citizen in the shortest possible time-frame," Joachim Box, head of Fujitsu's co-creation and digital transformation centres, told The National from the company's Technology Forum in Munich.

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Some of the technologies that took centre-stage during the two-day forum, which ended on Thursday, included security, internet of things, artificial intelligence, data analytics, blockchain and robotics.

“We have a made a roadmap to help our customers unleash their creativity and empower their businesses to become agile. The right timing is very crucial in this entire cycle of transformation,” said Duncan Tait, head of Europe, Middle East, India and Africa at Fujitsu.

“Digital technology is enabling new approaches to creativity and agile working and is an important step in empowering people to deliver amazing products, services and solutions that customers are looking for,” he added.

Fujitsu is targeting revenues of ¥3.5 trillion (Dh113.71 billion) by fiscal year 2022. As part of its ongoing restructuring, Fujitsu has announced drastic reforms to improve profit margins – one being the closure of its Augsburg site in Germany. The announcement of the closure of its Augsburg facility came nearly a year after Fujitsu sold off a 51 per cent stake of its PC business to China-based Lenovo for nearly $269m.

How Filipinos in the UAE invest

A recent survey of 10,000 Filipino expatriates in the UAE found that 82 per cent have plans to invest, primarily in property. This is significantly higher than the 2014 poll showing only two out of 10 Filipinos planned to invest.

Fifty-five percent said they plan to invest in property, according to the poll conducted by the New Perspective Media Group, organiser of the Philippine Property and Investment Exhibition. Acquiring a franchised business or starting up a small business was preferred by 25 per cent and 15 per cent said they will invest in mutual funds. The rest said they are keen to invest in insurance (3 per cent) and gold (2 per cent).

Of the 5,500 respondents who preferred property as their primary investment, 54 per cent said they plan to make the purchase within the next year. Manila was the top location, preferred by 53 per cent.

MATCH INFO

England 241-3 (20 ovs)

Malan 130 no, Morgan 91

New Zealand 165 all out (16.5ovs)

Southee 39, Parkinson 4-47

England win by 76 runs

Series level at 2-2

Tank warfare

Lt Gen Erik Petersen, deputy chief of programs, US Army, has argued it took a “three decade holiday” on modernising tanks. 

“There clearly remains a significant armoured heavy ground manoeuvre threat in this world and maintaining a world class armoured force is absolutely vital,” the general said in London last week.

“We are developing next generation capabilities to compete with and deter adversaries to prevent opportunism or miscalculation, and, if necessary, defeat any foe decisively.”

Singham Again

Director: Rohit Shetty

Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone

Rating: 3/5

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