Category: Technology
Fourth Industrial Revolution to impact developing countries: UBS report
Jan 21, 2016 (LBO) – Developed countries could gain more from the introduction of new technologies through automation and artificial intelligence, Swiss bank UBS said in a report to coincide with the World Economic Forum. The Fourth Industrial Revolution will be driven by robotic automation and connectivity, a special feature of which will be use […]
People without access to digital technology will be left behind: World bank
Jan 19, 2016 (LBO) – Greater effort must be made to connect more people to the internet and to create an environment that unleashes the benefits of digital technologies, a World Bank report says. The spread of digital technologies over the last two decades has been rapid but the hoped-for benefits of greater productivity, more […]
Sri Lanka Telco outlook improves with new budget: Fitch
Jan 18, 2016 (LBO) – Fitch Ratings has revised the outlook on Sri Lanka’s telco sector to stable from negative as the new budget, introduced in December 2015, has scrapped the recurring taxes which could have diluted the industry’s EBITDA margin by an average of 6 – 7 percent. “We believe that Sri Lanka Telecom’s and […]
Internet Explorer terminates support for older versions
Jan 16, 2016 (LBO) – Microsoft’s built-in search tool ‘Internet Explorer’ has discontinued its support for older versions of explorer from January 12, 2016. “End of support means there will be no more security updates, non-security updates, free or paid assisted support options, or online technical content updates.” Microsoft said. As per Microsoft, only the […]
YouTube launches localized version in Sri Lanka
Jan 13, 2016 (LBO) – The most popular video sharing site in the world, YouTube on Tuesday launched its localized version for Sri Lanka, Google Asia Pacific Blog said. Users visiting the YouTube homepage from Sri Lanka will now be able to see videos and playlists that are popular in the country in local languages […]
Netflix is now available in Sri Lanka
Jan 07, 2016 (LBO) – World’s leading internet TV service, Netflix has launched its service globally including in Sri Lanka, simultaneously bringing its Internet TV network to more than 130 new countries around the world. The company made the announcement during a keynote by Co-founder and Chief Executive Reed Hastings at CES 2016. CES is […]
Sri Lanka computer literacy at 27-pct in 1H 2015
Dec 12, 2015 (LBO) – Sri Lanka’s computer literacy for the first half of 2015 is 26.8 percent compared to 25.1 percent reported in 2014, the Department of Census and Statistics said. The computer literacy of those who are in the age group of 5 to 69 years and characteristics of households have been released […]
Leapset Engineering rebrands as CAKE LABS
Dec 11, 2015 (LBO) – Tech outfit Leapset Engineering has rebranded as CAKE LABS after having changed its US name from Leapset to CAKE. “We wanted to better align ourselves with what we stand for,” Shanil Fernando, managing director of CAKE LABS told reporters Thursday. “We strive to make restaurant owners’ lives easier, and CAKE […]
”
Dec 10, 2015 (LBO) – Sri Lanka’s Dialog Axiata PLC launched its cloud services ‘Cumulus’ in Colombo on Wednesday together with several technology companies including Ericsson, EMC, Fortinet, Hewlett Packard, Kingslake, and Microsoft.Cumulus provides services such as virtual IT infrastructure, enterprise storage and data backup, messaging solutions, development platforms, device management, business applications, productivity solutions, […]
Mobitel considers strategic acquisition of local operator
Nov 28, 2015 (LBO) – Mobitel, a fully-owned unit of listed Sri Lanka Telecom, said it is considering a strategic acquisition of a local operator and denies reports that the company intends to pay over and above the value of the target entity. “Mobitel denies the assumptions and opinions made on the subject that Mobitel is […]
Google makes traffic congestion maps available for Sri Lanka
Nov 19, 2015 (LBO) – Google Maps has activated traffic information for Sri Lanka with useful congestion data for Colombo and other locations, an IT observer said. The maps are available for any location where there is mobile data and slow-moving traffic, Malinthe Samarakoon, a developer for yamu. lk said. Available on Google maps for […]
Innovation crucial for Sri Lanka’s future success: ex central banker
Nov 17, 2015 (LBO) – Sri Lanka’s ability to invent and innovate will be vital for economic development and developed country status, a former central banker says.“The future of Sri Lanka will depend on the development of science and technology and how we combine inventions with innovations;” W.A. Wijewardena, former deputy governor of the Central […]