Hentsu Tech News Round-up #18

In this week’s Hentsu tech news round-up we talk gaming, cloud computing, the impact COVID-19 had on the market and more.

To check out previous weekly news stories, head over to our main blog page.

How to Diagnose and Treat Machine Learning Models Afflicted by COVID-19

We have seen endless reports about COVID-19 disrupting the lives of millions of people worldwide. In addition, the global pandemic is affecting businesses, companies and technology in general. The scoop now is that there was a major impact on a variety of machine learning (ML) models, which are utilized by businesses to predict human behavior. Now the goal is to thoroughly examine ML models to gain the knowledge to further update models and new business rules. Such efforts already yielded massively positive results.

Here’s a snip:

“The economic disruption of COVID-19 has been unprecedented in its swiftness, upsetting supply lines, temporarily closing retail stores and changing online customer behaviors. It has also dramatically increased unemployment overnight, increasing financial stress and systemic risks of both individuals and businesses. It is forecasted that global GDP could be affected by up to 0.9%, on a par with the 2008 financial crisis. While the nature of our recovery is unknown, if the 2008 crisis is any indicator, the impact of COVID-19 could be felt for years, through both short-term adjustments and long-term shifts in consumer and business behaviors and attitudes.”

Discover more over at TechCrunch.

The Official PlayStation 5 Launch Date and Price Revealed

Yes, we are fully aware this particular piece of tech news is not specifically related to cloud computing, machine learning or quantum computing. However, Sony’s upcoming PlayStation 5 represents the next chapter in the video game industry. Still, we did mention that certain features of the new gaming hardware will include cloud functionality. Anyhow, countless gamers are fired up and waiting for the console’s launch. Sony finally confirmed the launch date as well as the price, via their offical PlayStation blog.

Here’s the word:

“As we have just announced in our PS5 Showcase, we’re only a couple of months away from launching the next generation of play. Starting on November 12, PS5 will be available in seven key markets: the U.S., Japan, Canada, Mexico, Australia, New Zealand and South Korea. The global rollout will continue on November 19 with launches throughout the rest of the world*, including Europe, Middle East, South America, Asia and South Africa. PS5 Digital Edition will be available for a recommended retail price (RRP) of $399.99 USD/$499 CAD/¥39,980/€399.99/£359.99 (MSRP), and PS5 with an Ultra HD Blu-ray disc drive will be available for an RRP of $499.99 USD/$629 CAD/¥49,980/€499.99/£449.99 (MSRP). Pre-orders will be available starting as early as tomorrow at select retailers, so please check with your local retailer.”

Read more over at the PlayStation Blog.

SMBs Using Cloud See 15-20% Reduction in Operational Costs: NASSCOM

There are more positive stories emerging during the ongoing COVID-19 crisis. Digital transformation of companies and industries is indeed taking place. But how is the industry and technology changing? Well, there are three technologies that keep pushing the industry forward — cloud computing, big data analytics and cybersecurity.

It appears that “A National Association of Software and Services Companies (NASSCOM), IT industry body, study shows that small and medium businesses (SMBs) that adopted cloud have seen 20-25 per cent increase in productive gains and 15-20 per cent reduction in operational cost.”

What’s more, “Of the over 1000 SMBs surveyed, as much as 60 per cent said they have adopted cloud, though about half being at early stage of adoption. In sector-wise adoption, technology-first segments, including e-commerce, IT-BPM firms, lead in cloud adoption followed by BFSI, media and entertainment, retail, automotive, healthcare and manufacturing as the other emerging verticals.”

Read more at Entrepreneur.