Category Archives: Cloud Computing
The real cost of cloud computing – VentureBeat
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The public cloud is growing rapidly and the market for the technology is expected to reach $1.3 trillion by 2025. The cloud has revolutionized the computing industry and enabled many applications, business models and enterprises, which otherwise wouldnt have been possible. Immediate availability, scalability, minimal capital expenditure and streamlined developer experience are its main advantages but it comes at a cost.
The impact of cloud spending on margins after a company scales outweighs the benefits. Due to a lack of in-house infrastructure optimization capabilities, most enterprises stick to the cloud even after achieving certain maturity. To keep cloud spending under control, enterprises have built or acquired tools and services. However, keeping cloud budgets under control became another specialty, requiring more than implementing a tool.
Large enterprises have started exploring cloud repatriation. After Dropboxs move from the public cloud resulted in $75M savings over two years and doubling its gross margin, Andreessen Horowitz conducted a study and found that cloud spending could go up as high as 80% of the cost of the revenue for software companies. Moreover, the $100 billion market value among 50 software companies is lost due to the impact of the cloud on their margins. In their concluding remarks, they mentioned the oligopoly of cloud providers would start to give up either the margins (i.e., lower prices) or the workloads (i.e., cloud repatriation). A couple of months later, Google Cloud announced its plans to increase prices.
A recent IDC survey concludes that 98% of the participating enterprises experienced at least one cloud data breach in the past 18 months. Millions of people get impacted by breaches every month. Cloud misconfiguration alone is accounting for 15% of breaches. Although its hard to estimate the cost of reputational loss, public cloud-based security breaches cost around $5 million on average. Strict regulations and privacy-sensitive users push enterprises to invest more in security and privacy.
The carbon footprint of cloud computing now surpassed that of the airline industry. Besides the data center operations, even transmitting data contributes significantly as well given the amount of data generated every day. Considering the transmission of one-gigabyte of data consumes 0.06 kWh and 175 ZB of new data to be generated globally by 2025, the environmental cost of cloud computing will continue to be a concern across industries.
Unfortunately, there is no magical solution for this $1 trillion problem. Some of these could be addressed with cloud repatriation and edge computing, however, to a certain degree and for a limited number of services.
Cloud providers, with access to massive amounts of data and resources, dominate other areas such as Speech Recognition. Amazon and Google have recently announced on-device voice processing to lower costs and better experience, but only for their products, not for other developers. Speech recognitions unquenchable thirst for computing doesnt help with the cloud-dependency, either.
In order to achieve high accuracy, the standard approach is to feed models with massive amounts of data, resulting in significant compute power requirements. Even the niche Speech-to-Text players such as AssemblyAI, Deepgram, Rev or Speechmatics only offer cloud-based engines. Although Nuance and Mozilla DeepSpeech worked on cutting the connectivity dependency of voice processing, due to computing requirements and poor accuracy, they havent been widely adopted as an alternative. Moreover, Mozilla stopped maintaining DeepSpeech, Nuance became a Microsoft company.
Enterprises that dont have the big tech resources are left with only one choice: Cloud.
After exploring innovative approaches, at Picovoice we have been able to prove that cutting cloud-dependency of speech recognition is possible. Even the complex speech recognition can be brought closer to where data resides (on-premise server, desktop, mobile) instead of data being sent to a third-party cloud without sacrificing accuracy. This brings the control back to enterprises, minimizing latency, security and privacy risks and decreases the carbon footprint of enterprises.
Finding the balance between sending the data to the cloud and bringing computing close to data is a trillion-dollar question. The answer is not clear for now, but its clear that every technology provider and the consumer should start exploring cutting the cloud dependency. Cloud computing with tremendous benefits will or shall not disappear.However, it should be optional since hefty cloud bills occur for all of us: individuals, enterprises, markets and the globe.
Dilek Karasoy is the marketing director at Picovoice
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The real cost of cloud computing - VentureBeat
Cloud Computing Market Size in K-12 Education Sector to Grow by USD 1.74 Bn | 55% of the growth to originate from North America| Technavio – PR…
For more insights on YOY and CAGR, Read our latest Sample Report
Vendor Insights
Cloud Computing Market in K-12 Education Sector is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
Find additional highlights on the growth strategies adopted by vendors and their product offerings,Read our Sample Report.
Geographical Market Analysis
North America will account for 55 percent of market growth. In North America's K-12 education sector, the United States and Canada are the most important markets for cloud computing. The market in this region, however, will grow at a slower rate than the market in other regions.
Teachers conduct classes, conduct student evaluations, and construct assignment plans in a virtual teaching space using cloud computing technology, which will help the cloud computing market in the K-12 education sector grow in North America throughout the forecast period
Furthermore, countries such as the US, Canada, Germany, UK, and France are expected to emerge as prominent markets for the Cloud Computing Market in K-12 Education Sector during the forecast period.
Know more about this market's geographical distribution along with a detailed analysis of the top regions.Download Detailed Sample Report.
Key Segment Analysis
The SaaS segment's cloud computing market share will expand significantly in the K-12 education sector. Due to various advantages such as simpler administration, elastic scalability, geographical independence or mobility, rapid data access, and reliably lower cost of ownership, SaaS is expected to continue to rise in the education sector in the future years.
ViewSample Report:to know additional highlights and key points on various market segments and their impact in coming years.
Key Market Drivers & Challenges:
The increasing usage of e-learning due to increased digitization and mushrooming startups delivering MOOCs is one of the important drivers driving the worldwide cloud computing market growth in the K-12 education sector. Anothermarket trend in the K-12 education sector that is likely to have a favorable impact on the industry in the forecast period is the integration of IoT with cloud computing. However, data security and privacy issues are one of the major roadblocks to the global cloud computing market's expansion in the K-12 education sector.
Download Sample Reportfor highlights on market Drivers & Challenges affecting the Cloud Computing Market in K-12 Education Sector.
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Cloud Computing Market Scope in K-12 Education Sector
Report Coverage
Details
Page number
120
Base year
2021
Forecast period
2022-2026
Growth momentum & CAGR
Accelerate at a CAGR of 18.77%
Market growth 2022-2026
$ 1.74 billion
Market structure
Fragmented
YoY growth (%)
18.17
Regional analysis
North America, Europe, APAC, South America, Middle East and Africa
Performing market contribution
North America at 55%
Key consumer countries
US, Canada, Germany, UK, and France
Competitive landscape
Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled
Adobe Inc., Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., Baidu Inc., Blackboard Inc., Built In Inc., Cisco Systems Inc., Dell Technologies Inc., Ellucian Co. LP, HP Inc., International Business Machines Corp., Microsoft Corp., NetApp Inc., Oracle Corp., Rackspace Technology Inc., Salesforce.com Inc., SAP SE, and Verizon Communications Inc.
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Service
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
About Us:
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email:[emailprotected]Website:www.technavio.com/
SOURCE Technavio
Cloud Computing In The Legal Sector: Overcoming Objections – Legal Desire News Network
Lawyers have been slowerto adopt cloud technologycompared to other industries. Cloud usage in law firmsincreased by only 1% in 2021(up to 60% from 59% in 2020), the 2021 ABA Legal Technology Survey Report reveals. At the same time, the number of firms who report not using any cloud services dipped slightly from 28% to 25%. Small and medium-sized firms, on the other hand, have been fastest to adopt cloud technology (around 65% in total now use it). Although data security remains a key concern slowing down adoption, new security features are ensuring law firms can embrace cloud technology with confidence and peace of mind.
Security is key
Although the cloud is increasingly popular, a degree of concern surrounding cybersecurity remains. Law firms deal with copious amounts of sensitive and confidential data on a daily basis and need to adhere to rules surrounding client-attorney privilege, which naturally means data security is a key issue when it comes to adopting cloud technology. However, compared to regular on-premises IT infrastructure, cloud technology offers inherent security benefits: storing confidential data and client information in the cloud can protect against both human and natural disasters, for example. Additionally, modern cloud solutions are designed to enhance legal privileges and data security, along with effectively improving financial management systems. Law firms should of course always assess a potential cloud providers security measures and ensure they meet international best practices for data encryption, vulnerability scanning, and intrusion detection. Its also important for law firms to consider the country where the cloud data is stored and consequential privacy regulations many countries dont permit certain types of data to be stored beyond their borders.
Cloud features strengthening security
Above all, a cloud vendor should prioritize data encryption to ensure the highest standards of security for your law firm. Encryption ensures client and firm data remains confidential. Additionally, third-party verification is another key security feature it ensures the security of the vendor is verified and ensured by reputable third parties (such as, Digicert or McAfee, for example). Cloud document management software is also continually improving to provide legal professionals with a safe and secure way to create, edit and store documents anywhere and on any device. Adocument management systemthat features state-of-the-art security infrastructure and broad governance protocols, in particular, ensures data is backed up, secured, and properly regulated for ultimate peace of mind. Geographical redundancy isanother essential security feature. So, check your cloud provider uses multiple server locationsthis is necessary to ensure your firms data remains secure and backed up.
Cloud technology: improving cost and efficiency for law firms
In addition to being secure, cloud technology adoption is also cost-efficient for law firms. It minimizes the need for in-house servers, which in turn eliminates the need to otherwise invest in and manage expensive hardware. Moreover, cloud technology also makes the virtual office possible, which means staff can work from any location, ensuring data can be securely accessed and collaborated on remotely. Commercial space and other expenses like utilities and furniture are no longer essential with the cloud therefore eliminating upfront costs, reducing overhead, and allowing law firms to devote more of their budget toward key issues like marketing and client acquisition. Furthermore, cloud service providers also offer 24/7 support for law firms, which is essential since theyre often operating without big IT teams. Support packages typically include continual monitoring along with fast responses as needed in the face of emerging threats. Providers also usually help firms scale their cloud resources either up or down as needed.
With the cost of cloud technology only continuing to decrease, more and more law firms are implementing the technology into their operations, including in areas like marketing, communications, and business development. Nevertheless, data security is a key concern as firms need to prioritize fighting against common cyberthreats (namely, data breaches, ransomware, and phishing attacks) and protect client data. Fortunately, with modern cloud solutions that provide security features like strong encryption, third-party verification, data loss prevention, and intrusion detection and rapid response, legal firms can successfully adopt cloud technology while improving efficiency and saving money.
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Cloud Computing In The Legal Sector: Overcoming Objections - Legal Desire News Network
Google sails Istio off to the Cloud Native Computing Foundation – RCR Wireless News
Google announced this week that ithas submitted Istio, its service mesh project, to the Cloud Native Computing Foundation (CNCF). Google said that it has submitted Istio for the CNCFs consideration to become an incubating project, but the inference in the announcement is tied more to formality than hope.
Service meshes such as Istio abstract the communication between cloud app microservices to a layer of network infrastructure. The data plane comprises intelligent proxies, or sidecars, which mediate network traffic between microservices. The control plane manages and configures the proxies. Service meshes add resiliency to cloud networks, provide security, and improve visibility to help optimize network performance.
Istio is not the only service mesh available, or even the first to be passed along to the CNCF, but it is the most popular service mesh used with Kubernetes, the open-source cloud app container orchestration system also developed by Google.
Istio works with both Kubernetes-based and traditional workloads, and brings standard, universal traffic management, telemetry, and security to complex deployments. Finding a home in the CNCF brings Istio closer to the cloud-native ecosystem and will foster continuing open innovation, said Chen Goldberg, Google Cloud VP of engineering.
Kubernetes has long been under the aegis of the CNCF, along with Knative, a Google-originated project which enables serverless Kubernetes deployments. Goldberg acknowledged that Istio is the last major Kubernetes component to sit outside the CNCF.
Joining the CNCF also makes it easier for contributors and customers to demonstrate support and governance in line with the standards of other critical cloud-native projects, and we are excited to help support the growth and adoption of the project as a result, she said.
Remanding Istio to the open-source community doesnt change Googles dedication to the service mesh project, Goldberg emphasized. Google is committed to contributing, sustaining, and improving its open-source projects, as demonstrated by its history with Istio already, she said.
Google has made over half of all contributions to Istio and two-thirds of the commits, she said. After deciding to adopt Envoy for Istio, Google rose to be Envoys number-one contributor, she added.
Envoy is another open-source project, originally developed by Lyft. Its a high-performance network proxy which Google uses with Istio to mediate all inbound and outbound traffic.
Istio is key to the future of Google Cloud and if the project is accepted, Google will continue to strategically invest in Istio as a key maintainer and through ongoing investment in engineering for upstream contributions, she said.
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Google sails Istio off to the Cloud Native Computing Foundation - RCR Wireless News
Google Cloud sales leader Rob Enslin is leaving the company – Protocol
But satellite internet nerds, Elon Musk stans and people who live in rural areas with low broadband coverage have signed up in droves for the chance to test out Starlink since it first became open from the beta program to the public in February 2021.
A year later, Musk tweeted that Starlink hit 250,000 customers. Though it's unclear what the companys current waitlist looks like, last May, the company had 10,000 active customers and a waitlist of 500,000. In October, SpaceX pushed its wait times for Starlink to late 2022, early 2023 after originally slating orders to ship between late 2021 to mid-2022. In a Reddit thread where Starlink customers share when they first ordered service and when they actually received it, posters are reporting wait times as long as 14 months: Some placed orders in February 2021 and just received their equipment this month. One user even reported having their preorder canceled after missing an email with their seven-day window to claim service.
I'm no longer an excited beta user on an exclusive wait list. I'm now a sour, bitter, hater that may never forgive the company for their treatment, the user wrote in a post. I understand there may be more demand than supply, but to COMPLETELY cancel my order and send me to the back of the line? Wow.
Irate early adopters aside, the important question remains: How does Starlink stack up to traditional broadband internet? In the U.S., its still lagging behind, according to research firm Ookla.
An Ookla report from March found that SpaceXs internet service offers median download speeds of 104.97 megabytes per second, and upload speeds of 12.04 Mbps, lagging behind broadband providers median download speeds of 131.3 Mbps and upload speeds of 19.5 Mbps.
Starlink does, however, easily outperform rival satellite internet providers. HughesNet only gets download speeds of 20.92 Mbps and upload speeds of 2.54 Mbps, according to Ookla, while Viasat offers downloads at 21.81 Mbps and uploads at 2.88 Mbps.
However, Starlinks service depends on the country. Starlink beats out broadband with massive margins in several countries, including Australia, Mexico, France, Italy, Ireland, the U.K. and Germany. Starlink also has slightly faster download speeds in Canada, with speeds of 106.6 Mbps compared to fixed broadband download speeds of 96.4 Mbps.
Though it beats out broadband in some countries, the price tag is much higher than what your average broadband ISP charges. A Starlink terminal, which includes a satellite dish and a router (which users have to install themselves), costs $599 to set up, then $110 per month for the service and thats just for the basic plan. The premium plan is $2,500 for setup and $500 per month for the service, promising speeds up to 500 Mbps.
Compare that to Verizon, which claims to offer download speeds of 300 Mbps for around $40 a month with a setup fee of $99 for its basic plan, or Spectrum, which offers a basic plan of 200 Mbps for around $50 per month (setup is an extra $50 for professional installation and $20 for self-installation). Of course, real-world download speeds are often far slower than the ones ISPs promise, but for the average internet user, particularly those that live in suburbs or cities, Starlink simply may not be worth it.
Starlink is designed primarily for remote and rural areas, as its satellite dishes work best with an unobstructed view of the sky. It promises download speeds between 100 and 200 Mbps, though it only reached a median download speed of more than 100 Mbps in the fourth quarter of 2021.
Starlink itself claims to deliver high-speed, broadband internet, even to places where access has been unreliable, too expensive, or completely unavailable.
But the service has a ways to go. For one, SpaceX needs to shoot more satellites into the sky. The company is currently working on building out Starlinks satellite constellation, having launched more than 2,000 satellites into orbit over dozens of launches since it started at the end of 2019. SpaceX is aiming to deploy a total of 42,000 satellites, making its megaconstellation even more mega. Though speeds will likely improve once Starlink builds out its constellation, the process is costing SpaceX a pretty penny. The Starlink constellation could cost the company a total of between $20 billion and $30 billion to finish, Musk said in June.
For Starlink and other satellite internet operators to compete with fixed broadband, the cost of everything from launching a satellite into orbit to the materials needed to make them is going to need to go down, said Brooke Stokes, associate partner at research firm McKinsey & Company.
Then I think you've got the question of how patient will investor capital be relative to how fast can these megaconstellation operators make markets and unlock demand, Stokes said. This question puts Starlink, which operates the biggest satellite constellation in the sky, in a shaky position.
That doesnt seem to deter Musk, however, whose steep investment is fueling big ambitions. Starlink could have colossal returns, bringing in as much as $30 billion annually by 2025, Musk predicted last year, making around 10 times the revenue that its launch services business would bring in. But for Starlink to actually bring in that much revenue, it would need to become more than just an internet service provider. It would need to be the internet service provider, serving tens of millions of subscribers annually. (Years ago, SpaceX predicted that Starlink would attract more than 40 million global customers by 2025. For context, Spectrum has 32 million internet customers in the U.S., and Verizon has around 6.74 million.)
Needless to say, Musks ambitions are, well, ambitious (though when are they not?). Blair Levin, a nonresident senior fellow at the Brookings Institution and policy analyst at New Street Research, said the total addressable market of people who live in rural and remote areas and would actually be willing to pay the amount of money per month that Musk asks for Starlink is simply not high enough. And the infrastructure bill passed in November dedicated tens of billions of dollars toward grants for states to build out rural broadband, Levin said, a factor which also might take a bite out of Musks market in the U.S.
That's a significant investment into the higher-functioning network that will have its [capital expenditures] paid for, and for whom the operating expenses are going to be lower, Levin said. So that's going to hurt the potential of [Musks] business.
One possible saving grace in the bill is a $30 per month subsidy, totalling in $14 billion, allocated to rural families through the Affordable Connectivity Program to help cover the cost of internet, Levin said, bringing down the monthly cost of Starlink from $110 to $80 per person.
But Starlink may have more luck focusing on enterprise contracts, said Stokes, such as major contracts with cruise ships and airlines. Though the consumer internet market is the largest by the number of potential markets, its very fragmented, Stokes said, with many users not able or willing to pay the high cost for Starlink.
Starlink may have realized the importance of enterprise contracts, too: SpaceX inked its first in-flight Wi-Fi deal with JSX earlier this month to cover up to 100 planes, and is currently in talks with Delta Airlines to bring its services on board (though this partnership would likely take a few years to be realized, given that Delta would have to outfit its planes with Starlink equipment).
The verdict? From speeds to filling orders to expanding its customer base, Starlink has a long way to go. But Musk seems committed to the cause at least unless he gets too busy taking over Twitter.
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Google Cloud sales leader Rob Enslin is leaving the company - Protocol
All Covered Wins Best Cloud Consultancy/MSP Category in the 2021-22 International Cloud Computing Awards – GlobeNewswire
Ramsey, NJ, April 28, 2022 (GLOBE NEWSWIRE) -- Konica Minolta Business Solutions U.S.A., Inc. (Konica Minolta), together with its IT Services Division All Covered (All Covered) has been named the winner of the Best Cloud Consultancy or MSP in the International Cloud Computing Awards program, The Cloud Awards. The Cloud Awards identify and celebrate innovation in cloud computing from organizations of any scale and headquartered in any country worldwide. This is the first year All Covered has won this award.
There were more than 35 categories available to enter for the 2021-22 Cloud Awards. The description of the Best Cloud Consultancy or MSP award states that a track record of success is important for this award; candidates must show not only evidence of developing a best-fit cloud strategy, but also success.
All Covered's cloud services help businesses leverage the power of the cloud to work smarter and securely from anywhere. Its team of cloud experts assesses each client's current environment and collaboratively builds a cloud strategy and solution that is scalable and optimized for their needs.
Were very proud and honored to have won this category from The Cloud Awards, especially during the programs tenth anniversary, said Todd Croteau, President, All Covered. It shows that our team of IT professionals offers a high level of expertise in their ability to help our clients with transitioning from onsite IT infrastructure to the cloud to make their data secure and accessible.
Konica Minoltas All Covered IT Services division was acquired in 2011, the same year that The Cloud Awards program began. All Covered helps clients in all types of businesses with their computing, networking, managed voice services and applications needs. These can include supplemental IT consulting and support in specific areas or on key technology projects to free up client resources for other core business objectives.
The Cloud Awards program has been identifying the innovative organizations that create world-changing technologies for the past ten years now, said James Williams, Head of Operations for the Cloud Awards. Konica Minolta winning this award shows how much they impressed the awards panel with their market-leading solutions and service to clients.
Hundreds of organizations entered the 2021-22 competition, with entries coming from across the globe, covering the Americas, Australia, Europe and the Middle East. View the full shortlist here.
About Konica Minolta
KonicaMinolta Business Solutions U.S.A., Inc. is reshaping and revolutionizing the workplace to achieve true connectivity through theIntelligent Connected Workplace.The company guides and supports its clients digital transformation through its expansive office technology portfolio, including IT Services (All Covered), intelligent information management, managed print services and industrial and commercial print solutions.Konica Minolta has been included on CRNs MSP 500 list nine times and The World Technology Awardsnamed the company a finalist in the IT Software category.KonicaMinoltahas been recognized as the#1 Brand for Customer Loyaltyin theMFPOffice Copier Market by Brand Keys for fifteen consecutive years, andis proud to be ranked on theForbes 2021 America's Best-in-State employers list. The companyreceived Keypoint Intelligences BLI 2021 A3 Line of The Year Award and BLI 2021-2023 Most Color Consistent A3 Brand Award for itsbizhub i-Series. KonicaMinolta, Inc. has been named to the Dow Jones Sustainability World Index for nine consecutive years and has spent four years on the Global 100 Most Sustainable Corporations in the Worldlist. Konica Minolta partners with its clients to give shape to ideas and works to bring value to our society. For more information, please visit usonlineand followKonicaMinolta onFacebook,YouTube,LinkedInandTwitter.
About The Cloud Awards
The Cloud Awards is an international program that recognizes and honors industry leaders, innovators and organizational transformation in cloud computing. The awards are open to large, small, established and start-up organizations from across the entire globe, with an aim to find and celebrate the pioneers who will shape the future of the Cloud as we move into 2022 and beyond. The Cloud Awards currently offers two awards programs, the Cloud Computing Awards and the Software-as-a-Service Awards. Categories for the Cloud Computing Awards include Most Promising Start-Up, Best SaaS, and Best in Mobile Cloud Solution. Finalists were selected by a judging panel of international industry experts. Visit the Cloud Awards online for more information.
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LucidLink Named Product of the Year at NAB 2022 – Yahoo Finance
Filespaces recognized for excellence in Cloud Computing and Storage category
SAN FRANCISCO, April 29, 2022 /PRNewswire/ -- LucidLink, an innovative SaaS solution connecting creative teams around the world, today announced that Filespaces was named a Cloud Computing and Storage Category Winner in the 2022 NAB Show Product of the Year Awards. This official awards program recognizes the most significant and promising new products and technologies showcased by corporate partners of NAB Show.
High-Performance Cloud File Service for Distributed Workloads. LucidLink works with any cloud, on-prem object storage, and with any OS. It is providing users with fast, secure remote access to large files and datasets that performs like a local disk. (PRNewsfoto/LucidLink)
LucidLink Filespaces is a cloud native file service that provides content creators with immediate access to media assets stored in the cloud. Explicitly designed for creative collaboration over distance, huge media files are immediately accessible from any location and any machine. Filespaces eliminates the need for downloading or syncing entire files, enabling collaboration on projects by distributed teams, simultaneously, across any geographic location. The company recently announced Filespaces 2.0, adding new functionality for massive scalability and faster, more secure remote collaboration.
NAB Show Product of the Year Award Winners were selected by a panel of industry experts in 15 categories and announced in a live awards ceremony at NAB Show on April 26. To be eligible for an award, nominated products had to come from companies exhibiting at the 2022 NAB Show and are delivered within the 2022 calendar year.
"The move towards remote collaboration across the creative workflow was born out of necessity, but it is clear from our time at NAB 2022 that the entertainment industry is beginning to fully recognize and embrace the power of the cloud", said Peter Thompson, co-founder and CEO of LucidLink. "We're grateful to the NAB selection committee for recognizing LucidLink with this distinction, and we look forward to continuing to provide creatives and enterprises of all sizes with the ability to collaborate quickly, efficiently and securely from anywhere in the world."
Story continues
"The 2022 NAB Show Product of the Year Awards honor innovative breakthroughs that will change the way the media and entertainment industry creates, connects and capitalizes content," said NAB Executive Vice President of Global Connections and Events Chris Brown. "We congratulate LucidLink on this award in recognition of Filespaces and its potential to help storytellers meet the challenges of today and tomorrow."
About LucidLink
LucidLink offers an innovative cloud-native file service designed specifically for extensive data access over distance. LucidLink Filespaces provides best-in-class security and high-performance scalability to run file-based workloads on object storage for maximum efficiency and productivity. The service is compatible with Microsoft Azure Blob and any Amazon S3 compatible object storage provider that utilizes the cloud, on-prem, or hybrid storage. It supports all major operating systems, including Linux, Windows, and macOS. Investors include Baseline Ventures, Headline, Adobe, Bright Cap Ventures, Bain Capital Ventures, S28 Capital, and Fathom Capital. LucidLink is privately held and headquartered in San Francisco, California. The company maintains an office in Sofia, Bulgaria, with remote employees across North America, Europe, and Australia.
For more information about LucidLink, please contact info@lucidlink.com. Follow us on Twitter and LinkedIn and visit us at lucidlink.com.
About NAB Show
NAB Show, held April 2327, 2022, in Las Vegas, encompasses media, entertainment and technology and is the ultimate marketplace for those seeking to create superior audio and video experiences. From creation to consumption, across multiple platforms, NAB Show is where global visionaries convene to bring content to life in new and exciting ways. For complete details, visit https://nabshow.com.
About NAB
The National Association of Broadcasters is the premier advocacy association for America's broadcasters. NAB advances radio and television interests in legislative, regulatory and public affairs. Through advocacy, education and innovation, NAB enables broadcasters to best serve their communities, strengthen their businesses and seize new opportunities in the digital age. Learn more at http://www.nab.org.
Media Contact: Julie O'GradyLucidLinkjulie.ogrady@lucidlink.com+1 (650) 269-9989
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LucidLink Named Product of the Year at NAB 2022 - Yahoo Finance
Cloud Computing Stack Layers Market to Witness a Healthy YoY Growth Ratio From 2022 to 2028:Amazon Web Services, Salesforce, Microsoft Azure …
This comprehensive report on the Cloud Computing Stack Layers Market provides real information about the statistics and state of the global and regional market. Its scope study extends from the market situation to comparative pricing between the main players, spending in specific market areas, and profits. It represents a comprehensive and succinct analysis report of the main competitor and price statistics with a view to helping beginners establish their place and survive in the market. In addition, it also focuses on the market overview for the coming period from 2022 to 2028. This proved to be a great help for entrepreneurs. This detailed market research is heavily based on information received during interviews with key leaders, research, and innovative resources.
Download Sample Copy with TOC, Graphs & List of Figures @https://www.worldwidemarketreports.com/sample/771069
In addition to the information presented in this report on the Cloud Computing Stack Layers Market, it includes financial losses incurred as a result of COVID-19. It also explains how the most important business sectors in the market are coping with the epidemic and how to get out of it. This market report is a way to present accurate information on company profiles and competitiveness analyses in an orderly manner. It anticipates competition in the market for the planned period from 2022 to 2028. This Cloud Computing Stack Layers Market study also looks at industry channels and performance rates to help key players stay ahead of the competition.
Cloud Computing Stack Layers Market Introduction:
The report highlights the latest trends in revenue and market progress, and all realistic statistics on ventures. It provides prevention and pre-planned management and highlights a summary of the global Cloud Computing Stack Layers Market, along with classification, definition, and market chain structure. The Global Report highlights issues affecting the global Cloud Computing Stack Layers Market, including gross margin, cost, market share, capacity utilization, income, capacity, and supply. It also highlights the future scope of the global Cloud Computing Stack Layers Market during the upcoming period.
Marketing Statistics:
The Global Cloud Computing Stack Layers Market Report estimates upfront data and statistics that make the report a very valuable guide for individuals dealing with advertising, advisors, and industry decision-making processes in the global Cloud Computing Stack Layers market. Provides regional analysis for the market. This report provides essential data from the Cloud Computing Stack Layers Market industry to guide new entrants in the global Cloud Computing Stack Layers market.
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Market Dynamics:
The global report shows details related to the most dominant players in the global Cloud Computing Stack Layers market, along with contact details, sales, and accurate figures of the worldwide market. Various data and detailed analyses collected from various trusted institutions of the global Cloud Computing Stack Layers Market are presented in the Global Cloud Computing Stack Layers Market Research Report.
The major players covered in Cloud Computing Stack Layers Market:
The Regional analysis covers:
North America (U.S. and Canada) Latin America (Mexico, Brazil, Peru, Chile, and others) Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg) Eastern Europe (Poland and Russia) Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand) The Middle East and Africa (GCC, Southern Africa, and North Africa)
The study accurately predicts the size and volume of the market in the present and future. The report offers a comprehensive study of the Cloud Computing Stack Layers Market industry and information on foreseeable future trends that will have a significant impact on the development of the market. The weekly then looks at the key global players in the industry.
Market Segmentation of Cloud Computing Stack Layers Market:
Cloud Computing Stack Layers Market is divided by type and application. For the period 2022-2028, cross-segment growth provides accurate calculations and forecasts of sales by Type and Application in terms of volume and value. This analysis can help you grow your business by targeting qualified niche markets.
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This Cloud Computing Stack Layers Market reports market status and outlook of global and major regions, from angles of players, countries, product types, and end industries; this report analyzes the top players in the global industry and splits by product type and applications/end industries. This report also includes the impact of COVID-19 on the Cloud Computing Stack Layers Market industry. Global Cloud Computing Stack Layers Market Industry 2022 Market Research Report is spread across 120+ pages and provides exclusive vital statistics, data, information, market trends, and competitive landscape details in this niche sector.
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The Advantages of Cloud Computing and A.I. in Banking – Global Banking And Finance Review
According to Gartner, the demand for artificial intelligence (A.I.) in cloud services will only grow stronger. Companies are developing many products but some of them will never get out of the prototype or proof-of-concept phase. Through data analysis and enabling low skill set users (or those with limited budgets), cloud providers bring their services to all kinds of companies, large and small. The next step will belong to AI. With it, firms will power critical processes and keep tabs on infrastructure, power usage, cooling systems, network management, and more. How does banking benefit from this market development?
Both artificial intelligence and the cloud introduce automation, which means financial and operational efficiency.
For many companies, cloud computing has been a catalyst for digital transformation. It helps to structure and power business operations, product performance and data availability. For traditional banking, as well as FinTech products, these benefits are clearly worth searching for the right solution. Especially, when it comes to mobile applications.
Financial app development is not easy. AI, as well as the cloud, help immensely. But how exactly? Artificial intelligence and machine learning, in particular, help customers manage their accounts. They get tailored offers (like loans or insurance deals), as well as the opportunity to manage assets and invest savings. The more customers the product has the bigger chance for accurate recommendations and satisfactory levels. That requires a serious thought-out process of creating an app.
Traditional as well as challenger banks offer functionalities like managing account transactions, paying bills, and making money transfers. All of these can be automated. With the use of A.I, customers who earn less can get recommended saving plans. People with higher incomes have a variety of business options from optimised savings to investing in cryptocurrencies.
Banks use different tools and techniques to offer more services and provide better customer support. From data mining, where A.I. is tremendously helpful, to natural language processing, which enables vocal interactions. More options for users, more options for compliance departments (fraud detection methods), and unconventional usage that we are not yet aware of. All is possible through the use of artificial intelligence.
And what about the cloud? There are many benefits as well. Through the power of the cloud, computing organisations can get increased customer insights that can serve as a basis for an uncanny level of personalisation. Theres also a matter of reduced data and continuity risk.
In fact, the last issue was once the greatest weakness of the cloud. Now, its one of the biggest benefits. Instant identification of potential security breach, as well as a high level of redundancy and back-up for disaster recovery, arms banking industry with fantastic weapons. They can fight some of the most threatening situations out there and leverage tools for even better customer service.
Who is adopting cloud and A.I. in banking?
According to PWC, and prior to the COVID-19 situation, just 29% of financial services firms had 60% or more of their workforce operating from home at least once per week. During COVID, the number spiked to 69%. Major banks and other financial institutions jumped the trend really quickly. Solutions like Amazon WorkSpaces, a cloud-based Desktop-as-a-Service (DaaS) tool, helped teams cooperate to continuously deliver value to the customers.
A recent report from Congressional Research Service shows that a pre-COVID study revealed an interesting detail. Nearly 91% of banks and other financial institutions adopted and used the cloud or at least thought about it in the near future. COVID-19 accelerated the adoption, as well as overall digital transformation efforts. Banks are no longer held back by largely outdated business models and operational strategies. Clouds and A.I., as a result, bring value.
There are examples of cloud adoptions like Adelaide Bank and Bendigo when operational costs dropped even 50% after migration. That proves the point of being able to scale the organisation towards a more digital future. Not for the sake of making a change, but for the need to make a real difference.
The same goes for artificial intelligence. Companies like Enova, for example, use artificial intelligence and machine learning to provide advanced analytics. This helps banks facilitate responsible lending. Another example? Scienaptic AI. This firm offers a platform that secures financial companies and credit institutions more transparency while cutting losses. The solution connects both structured and unstructured data, transforms it and learns from mutual interactions between both types. As a result, companies get contextual and underwriting business intelligence.
We could go on and on, but the point is to hop on board the hype train. Unlike some bubbles in the past, cloud and AI, as well as machine learning and business operations automation, are buzzwords that offer real value. If youre not sure how to deal with it and where to start, follow the industry breadcrumbs. There are lots of solutions you want to consider when it comes to transformation.
About the Author
Jarosaw cilak, Content Writer at Code & Pepper
Branding, marketing, business scaling, content & company culture specialist. Created shared value (CSV) evangelist. Part of Code & Pepper marketing team. More on: scislak.com
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The Advantages of Cloud Computing and A.I. in Banking - Global Banking And Finance Review
Research: Log4Shell a Wake Up Call For Cloud Security With Patching Efforts and Business Impacts Continuing Into 2022 – PR Newswire
Report highlights key trends in cloud workload security following Log4Shell
SANTA CLARA, Calif., April 28, 2022 /PRNewswire/ -- Valtix, the industry's first multi-cloud network security platform as a service, today released new research that highlights how cloud security leaders are changing the way they secure cloud workloads in the aftermath of Log4Shell. The research found that 95% of IT leaders say Log4Shell was a wake up call for cloud security, changing it permanently, and that 87% feel less confident about their cloud security now than they did prior to the incident. The research also found that even 3 months after the incident, 77% of IT leaders are still dealing with Log4J patching with 83% stating that Log4Shell has impacted their ability to address business needs.
Log4Shell was a significant zero-day vulnerability in the Log4J developer library that posed a critical risk to much of the Internet. The humble piece of open source software ubiquitous with enterprise apps and cloud services quickly became the worry of IT teams, executives and boards, as they scrambled to protect their most valuable data, systems, and platforms. In March 2022, Valtix worked with an independent research firm to survey 200 cloud security leaders across the U.S. to better understand how the incident changed how IT teams look at and secure their cloud workloads.
The research found that despite better tools and knowledge, 78% of IT leaders still lack clear visibility into what's currently happening in their cloud environment:
"This research echoes what we are hearing from organizations daily: Log4Shell was a catalyst for many who realized that even in the cloud defense in depth is essential because there is no such thing as an invulnerable app," said Vishal Jain, co-founder and CTO at Valtix. "Log4Shell exposed many of the cloud providers' workload security gaps as IT teams scrambled to mitigate and virtual patch while they could test updated software. They needed more advanced security for remote exploit prevention, visibility into active threats, or ability to prevent data exfiltration."
Additionally, respondents were near universal in confirming challenges associated with bringing endpoint security agents and firewall appliances to the cloud from their datacenters with:
"Security leaders are still dealing with the impacts of Log4Shell," said Davis McCarthy, principal security researcher at Valtix. "Although many have lost confidence in their existing approach to cloud workload protection, the research shows they are taking action in 2022 by prioritizing new tools, process changes, and budget as it relates to cloud security."
A complimentary copy of the full report can be downloaded here.
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About ValtixValtix is on a mission to enable organizations with security at the speed of the cloud. Deployable in just 5 minutes, Valtix was built to combine robust multi-cloud security with cloud-first simplicity and on-demand scale. Powered by a cloud-native architecture, Valtix provides an innovative approach to cloud network security called Dynamic Multi-Cloud Policy (), which links continuous visibility with advanced security controls. The result: security that is more effective, adaptable to change, and aligned to cloud agility requirements. Valtix has been recognized as an innovator in numerous industry awards including 2021 top honors in the "Next-Gen in Cloud Security" from Cyber Defense Magazine, SINET-16 Innovator recognition, and inclusion in Gartner's Cool Vendors in Cloud Networking report. Get started with the free tier and a cloud risk assessment at Valtix.com.
Media Contacts:Jacqueline MeylerLumina Communications for Valtix[emailprotected]
SOURCE Valtix