Get ready for big shifts! From Microsoft’s major software retirement to ambitious space tech ideas and key economic updates, the tech and business world keeps evolving. Here’s a quick rundown of what you need to know to stay informed.
Strong Tech Shifts Ahead
Microsoft is officially retiring Exchange Web Services (EWS) in Exchange Online. EWS will be disabled by default on October 1, 2026, and completely shut down by April 1, 2027. This is your cue to migrate to Microsoft Graph API, as this change applies to Exchange Online, not on-premises versions. Plan your switch now to avoid service disruption.
In automation news, UiPath has acquired WorkFusion, a developer of agentic AI. This move bolsters UiPath’s AI-powered solutions, particularly for financial services, helping to automate complex tasks like financial crime prevention. On the AI innovation front, Abacus.AI is introducing what they call the “world’s first AI Super Assistant” for professionals and enterprises, aiming to be a central control point for AI applications.
The Future of Data: Up, Up, and Away?
Elon Musk recently proposed putting a million data centers in space to handle growing AI demand. However, experts are quickly dismissing the idea as impractical due to significant challenges. Key issues include managing extreme heat in a vacuum, the near impossibility of repairs, and the massive collision risk posed by so many orbiting objects. It seems this vision might stay in orbit for now.
Business Essentials and Economic Pulse
A crucial reminder for executives: many are unknowingly missing Foreign Bank Account Reports (FBARs). If you manage international operations or have offshore investments, missing these reports can lead to severe penalties. Ensure you understand and meet these compliance requirements.
As businesses continue with remote work, securing remote access isn’t just practical; it’s a vital competitive advantage. Robust security protects operations for distributed teams.
Looking at the economy, the labor market is showing signs of cooling. Job openings have fallen to their lowest since December 2017. In response, the Federal Open Market Committee (FOMC) has kept federal funds rates unchanged, cautiously balancing disinflation efforts with a softening job market.
Staying informed about these diverse trends—from tech migrations to economic shifts—empowers businesses and individuals to navigate our complex digital landscape with greater confidence.