The Global View

Investment

Xerox acquires Smart Data Consulting

Xerox is aiming to expand its e-discovery capabilities with its recent acquisition of Smart Data Consulting. Smart Data provides a software platform for corporate legal departments and law firms. The software is designed to reduce costs and save time by managing e-discovery tasks and analytics more quickly and efficiently. Those tasks include collection, processing, early …

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Smart-building tech market set to triple

The market for smart-building technologies is expected to triple between now and 2018, according to a new report from IDC Energy Insights. The “Global Smart Buildings Forecast 2013-2018” predicts that spending in the sector will grow from $7.3 billion in 2014 to $21.9 billion in 2018. The predicted rapid expansion follows several years of slower-than-expected …

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From London Olympic site to ‘disruptive’ tech hub

Part of the former London 2012 Olympic site will be redeveloped as hub for creative and digital innovation and business. The three main buildings that once served as press and broadcast centers are to be converted into an innovation center, an auditorium and a space with a data center, office space, educational facilities and more. …

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Tampering scandal hits Malta’s smart-grid ambitions

Malta’s smart-grid ambitions are taking a hit in light of an emerging scandal over what appears to be systematic tampering with smart meters. The Malta Independent today reported that a ninth employee of the Enemalta utility has been suspended on suspicions of meter tampering. The first eight employees were suspended last week. Malta began planning …

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UK ups cash for green home improvements

Homeowners in the UK are being given additional cash incentives to make energy-efficiency and carbon-reduction improvements. The cash-back programs are also being extended by three months. Homeowners now have until the end of June to submit applications for the government’s Green Deal incentives. Home improvements covered by the program must be completed, with vouchers redeemed, …

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Google’s $3.2bn Nest purchase is about smarts, not thermostats

Nest Labs was launched with a vision of a “conscious home” made possible in part through a thermostat that “learns” how to save energy and money. That vision is now backed by a $3.2 billion cash purchase by Google. Founded by Tony Fadell and Matt Rogers, the Palo Alto-based Nest aimed from the start to …

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Carbon pricing flaws have ‘chilling effect’ on clean energy

Failing to create a global framework for carbon pricing will hurt investments for clean energy and low-carbon projects, according to a report from the World Energy Council (WEC). The report — “World Energy Trilemma: Time to get real – the agent for change” — offers a 10-point action plan for addressing sustainability, energy equity and …

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