Will AI Lead to the Greatest Productivity Boom in a Century? -DIGIT Tech News Roundup

Welcome to the latest edition of the DIGIT Tech News Roundup.

In this week’s newsletter, we will cover some of our top-trending tech news stories and features from the week beginning 28th of November.

This week, AWS' quarterly earning's call raised some eyebrows, new ICS2 research showed further cause for concern in the beleaguered cybersecurity sector and will AI turn the UK's productivity crisis around?

All this and more below.

AWS Announces Q3 Revenue Growth Fuelled by AI & ML

Amazon Web Services (AWS) has showcased its strongest revenue growth in over a year, credited to increased enterprise interest in generative AI (GenAI) applications.

In its third-quarter earnings call, transcribed by Seeking Alpha, Amazon CEO Andy Jassy revealed that AWS’s year-on-year revenue grew 19.1%, reaching $27.5 billion (￡21.22bn), up from $23 billion (￡17.75bn) the previous year. The cloud segment’s profit also rose to $10.4 billion (￡8.02bn) from $7 billion (￡5.4bn) last year, marking a 49.7% profit boost for the quarter and re-establishing AWS’s position as a central driver of Amazon’s overall success.

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Sustainable Ventures Opens Glasgow Base in Partnership With Techscaler

Sustainable Ventures has opened a Glasgow base in partnership with Techscaler, aimed at driving climate tech startup activity in Scotland.

Alongside its venture capital arm, Sustainable Ventures works closely with portfolio companies through intensive 12-month programmes, one-to-one support, and the provision of professional services, to help accelerate growth and secure future funding rounds.

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ISC2: Cybersecurity Workforce Growth Slows Despite AI Catalyst

Despite the growing need for professionals, global cybersecurity workforce growth has slowed for the first time in six years, holding at 5.5 million people.

This contrasts with last year when the workforce grew 8.7% year-on-year despite declining economic conditions.

This is according to ISC2’s 2024 Cybersecurity Workforce Study, which reveals that professionals are feeling the impact of declining investments in the cybersecurity workforce, including budget cutbacks and layoffs, affecting workforce satisfaction, the development of organisational security, the adoption of new technologies and more.

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DIGIT Expo

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Taking place on November 21st at Edinburgh's International Conference Centre, DIGIT Expo is the largest annual technology event in Scotland. Attendees will experience a packed conference programme featuring keynotes, interactive workshops, and panels, alongside an extensive exhibition hall and networking area.

Will AI Lead To The Greatest Productivity Boom In a Century?

A new report has revealed that three-quarters (74%) of UK decision makers believe AI will help reverse the trend of lowering productivity levels and lead to the greatest productivity boom in a century.

Beyond productivity benefits, the research found that AI is proving pivotal for career advancement.

Seventy-six percent of UK respondents agree that AI allows them to focus on more high-level strategic work, while 77% say it has helped them acquire new skills they otherwise wouldn’t have learned.

Furthermore, the same number view AI as a key skill for enhancing their careers, highlighting how the technology can both ease daily tasks and foster professional growth.

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