Category Archives: Cloud Computing

DigitalOcean: Pure-Play Cloud Provider With 30% Cash, 30+% Growth, Positive Free Cash Flow – Seeking Alpha

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Youd think that DigitalOcean (DOCN) would be trading at nosebleed multiples considering its positioning in the cloud computing sector, but the recent volatility in the tech sector has sent the stock crashing 60% from all time highs. The company has seen accelerating revenue growth and has sustained solid positive adjusted EBITDA margins as well. After a recent convertible note offering, the company has around 30% of its market cap held in cash. I expect the company to sustain solid growth over the long term which coupled with high profit margins should help the stock earn a premium multiple and reward shareholders with strong returns.

DOCN came public at $47 per share in March of 2021. The stock briefly traded as high as $133 per share, before falling all the way back down to around $52 per share.

YCharts

The stock now trades barely above its IPO price, despite having grown considerably in the past year.

DOCN is a cloud computing company with 600K customers across 185 countries.

DigitalOcean 2021 Q3 Presentation

Just to make sure we are all on the same page, DOCNs primary competitors are the likes of Amazon Web Services (AMZN) and Microsoft Azure (MSFT). Cloud computing provides the backbone of the cloud. Before things were available on the cloud, you would have to download software and use products locally on your computer without the internet. The cloud makes it so you can use applications like Facebook (FB) without downloading any software. Amazon Web Services provides servers which allow FB to operate on the cloud. In some sense, the internet as we use it today is powered by cloud computing providers like DOCN.

Unlike Amazon Web Services or Microsoft Azure, DOCN is a smaller operator and specifically caters to smaller businesses. This makes sense, as it isnt easy to compete with mega-cap tech giants in the cloud computing space. DOCN offers lower prices and (in its own words) a simpler platform, making it easier and cheaper to get started.

DigitalOcean 2021 Q3 Presentation

This dynamic does make sense. Azure and AWS likely offer more capabilities and thus use that to justify higher prices. For smaller companies looking for a simpler solution, DOCN makes a lot of sense.

Even in this smaller market, DOCN sees its total addressable market growing rapidly to $116 billion by 2024.

DigitalOcean 2021 Q3 Presentation

Both MSFT and AMZN look investible today, but one is unable to invest directly in their cloud divisions. DOCN offers a way to invest in a quality pure-play cloud computing operator, something that may appeal to many tech investors.

DOCN has seen its revenue growth accelerate over the past few quarters. Revenue growth came in at 37% in the latest quarter.

DigitalOcean 2021 Q3 Presentation

DOCN has coupled the rapid growth with solid adjusted EBITDA margins of 30%.

DigitalOcean 2021 Q3 Presentation

Sure, it is not real profitability due to the heavy influence of equity-based compensation, but it does mean that DOCN is generating cash flow and thus not in risk of falling in financial distress.

It is worth noting that DOCN has seen improving net dollar retention rates as well.

DigitalOcean 2021 Q3 Presentation

DOCN has historically seen elevated churn rates, but it appears that it is improving its churn rates through improving its product offerings. I note that DOCN completed a $1.3 billion convertible note offering in November at a 0% interest rate and conversion price of $178.51 per share - talk about perfect timing. Including that offering, DOCN should have around $1.8 billion of cash on its balance sheet.

Consensus estimates call for DOCN to sustain 30% growth rates for many years.

Seeking Alpha

Like AWS, DOCN is highly profitable and it is reasonable to expect the company to generate solid profit margins over the long term. If we assume 30% long term net margins and a 1.5x price to earnings growth ratio (PEG ratio), then DOCN might find itself trading at 9x sales in 2030, representing a stock price of $336 per share. That represents 546% upside, or annualized returns of 23% over the next 9 years. For a company with ample net cash on its balance sheet and positive cash flow generation, that is a very attractive potential return profile. I note that I have not even factored in the cash making up over 30% of the market cap.

The key risk is definitely competition with mega-cap tech cloud computing giants. What if AWS and Azure try to reduce prices to take market share away from DOCN? It is unlikely that DOCN will be able to innovate fast enough to offer a competitive product if the prices are comparable.

Another risk is the companys customer concentration. Management noted the following on its conference call:

One of the key drivers of our faster revenue growth is that we are nurturing and attracting increasingly larger and more rapidly growing businesses to our platform, what we would consider the typical SMB. These larger customers represent roughly 15% of our total customer base, yet generate roughly 85% of our total revenue. They grow substantially faster than our reported top line growth with ARPU growth of over 50%. (2021 Q3 Transcript)

An optimistic take is that DOCN will benefit from very predictable growth as it will come from a handful of sources. A pessimistic (but more realistic) take is that DOCN may be subjected to revenue volatility if any of these larger customers decide to switch cloud providers. It isnt that easy to switch cloud providers, but it is not impossible.

I rate shares a buy on account of the long term secular growth drivers of cloud computing and the high profit margins. I expect shares to be volatile in the current environment, but wouldnt be surprised if multiple expansion occurs over time. In particular, I could see the stock trading up to around 22x sales on positive sentiment, as profitable tech stocks with solid secular growth stories have tended to maintain premium multiples relative to the tech sector.

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DigitalOcean: Pure-Play Cloud Provider With 30% Cash, 30+% Growth, Positive Free Cash Flow - Seeking Alpha

Gartner: How to overcome a lack of cloud skills in your organisation – ComputerWeekly.com

Cloud is a technology that has risen exponentially in recent years and which has been buoyed by the switch to remote working and increased need for off-site storage and support during the pandemic. However, with increased adoption, executive leaders are wanting cloud computing adoption to proceed at a faster pace than their organisations can staff internally.

To meet this challenge, business leaders must consider the following five steps if they are to successfully manage their cloud projects effectively.

To handle the skills gap, first support, monitor and measure the progress of the management team against cloud skills initiatives. To facilitate this progress, ensure roles across the business are divided by expertise, allowing for achievable hiring goals. For example, for such a cloud project, a programme or portfolio management approach will be needed.

By dividing responsibilities, the organisation will need a programme management office (PMO) that works with the cloud centre of excellence (CCOE) to drive the approach effectively, rather than demanding that cloud architects also possess project management skills.

Upskill existing staff with cloud skills, using relationship-based and experiential learning from experts. For more technical staff members, their skillset must span different IT domains.

Also, ensure that the technical leaders overseeing your organisations cloud initiatives are strategic thinkers with business acumen, big-picture perspectives and team-player mindsets who can communicate with diverse audiences and be agile in thought and action.

To reinforce the project, consider permanently hiring new employees with the necessary skills for the cloud project. New employees will also have to take time to learn the business and IT environment, but recruitment can be streamlined toward key experienced hires who accelerate such cloud computing initiatives.

In supplementing internal processes, look to bring on contractors from staffing agencies or hire independent contractors. This can be a useful way to acquire junior and mid-level people to perform cloud-related tasks and staff cloud projects.

Senior-level contractors can also be excellent partners and one of the swiftest and most effective ways to acquire the necessary skills. A key consideration, however, is to avoid allowing such senior-level contractors to make strategy or policy decisions.

The final step is to procure external service provider (ESP) assistance, usually in the form of a cloud managed service provider (MSP). This can be taken as a project-based approach, or a medium-to-long-term managed services approach. Selection must be careful, with large differences existing in ESP skills and experience and low-quality assistance often seriously reducing satisfactory cloud outcomes.

Lydia Leong is aGartner distinguished vice-president research analyst

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Gartner: How to overcome a lack of cloud skills in your organisation - ComputerWeekly.com

Global Cloud Computing Services for the Healthcare Market Research Report Covers Future Trends, Growth, Value Chain and Industry Strategies 2021 to…

The MarketandResearch.biz, on Global Cloud Computing Services for the Healthcare Market from 2021 to 2027 research report delves into the industry and major market trends, as well as historical and forecasted market data. A market overview, as well as definitions and applications, are included in the study. In terms of volume and value, the analysis advertises its goods by application, kind, and area.

For each industry, the study includes some background information as well as a revenue projection analysis. The revenue projection is based on current market performance as well as a fast assessment of historical data for the segment. To provide clients a clear image, the market attractiveness graph was utilised to demonstrate the future direction of each category.

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In addition, the studys framework is designed to highlight upcoming events and opportunities in the global Cloud Computing Services for the Healthcare sector over the next several years. The market will encounter a range of drivers and constraints, opportunities, and difficulties throughout the predicted time period, according to the research report. In addition, the study examines the markets regional features, which will influence its growth from 2021 to 2027.

Segment the market based on the type of product:

Application-based market segmentation

Region-based market segmentation:

Players Market Segmentation:

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The market well reflected the total volume of sales and marketing, the maximum cost of production and consumption, profit margins, import and export, cost structure analysis, in-depth pricing analysis, vendor landscapes, and basic criteria for appropriate market evaluation. The study assists in the discovery of new marketing possibilities and provides an in-depth analysis of the current global Cloud Computing Services for the Healthcare market.

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This report can be customized to meet the clients requirements. Please connect with our sales team ([emailprotected]), who will ensure that you get a report that suits your needs. You can also get in touch with our executives on +1-201-465-4211 to share your research requirements.

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Global Cloud Computing Services for the Healthcare Market Research Report Covers Future Trends, Growth, Value Chain and Industry Strategies 2021 to...

France: the CNIL has released its annual dawn raid Program for 2022: three key priorities! – Lexology

The French Supervisory Authority (the CNIL) regularly conducts investigations based on various triggering events such as a complaint, an article or its annual program that the CNIL regularly publishes on its website.

On 15 February 2022, published a post regarding its upcoming dawn raids for 2022.

As a reminder, in 2021, the CNILs priority topics were (i) the cybersecurity of the French websites, (ii) the security of the health data and (iii) compliance with the rules applicable to cookies and other trackers further to its recommendations and guidelines released in March 2021.

For 2022, the CNIL has decided to focus its attention on three topics which should represent one third of the dawn raids to be carried out. One of the topics relates to marketing rules, which are regularly monitored by the CNIL due to the number of claims received. Another key topic is teleworking which developed with the pandemic. The third topic is the use of the cloud services, which is becoming an increasingly sensitive issue within the EU in particular in relation to transfers to the US.

Further to a public consultation, the CNIL has published the final version of its reference framework for the processing of personal data in the context of Commercial Management. This reference framework includes the applicable legal basis for each type of processing activity, the relevant data retention terms and the technical and organizational measures to ensure the security of the personal data. The CNIL refers to the several guidelines it has published to help the various stakeholders, notably in relation to direct marketing (email, SMS, phone, post), commercial management, cookies and others trackers, attendance measurement systems, behavioral targeting, online payments, and templates of information notices.

The CNIL also provides further guidance regarding the transmission of personal data, with or without remuneration, to business partners (e.g., data brokers, data resellers) and will particularly check the compliance of these professionals and intermediaries with the CNILs guidance in this reference framework.

With the COVID-19 pandemic, and the return to normal life, the use of telework has developed with specific tools, including those enabling employers to monitor the teleworking of employees.

Since 2020, the CNIL provided several rules and good practices notably through a Q&A regarding the teleworking, advising employers on the implementation of reinforced security measures to ensure the security of the personal data processed by employees who telework and precautions to take when using visio conference tools, to ensure the right balance between privacy at work and employers legitimate interest to monitor its employees work.

As a result, employers allowing teleworking have to ensure that such practice does not infringe the GDPR and the CNILs guidance.

Given the use of cloud computing technologies in all sectors, the CNIL is particularly concerned by the massive international data transfers to third countries that cloud computing technologies entail, as well as the risk of data breaches.

Regarding, the international data transfers, the CNIL has announced that it will be looking in greater detail the conditions of data transfers and the contractual framework implemented between companies (acting as data controllers) and cloud solution providers (acting as processor).

At the same time, the EDPB released a press release informing the launch of coordinated enforcement on the use of cloud technologies in the public sector. In France, the CNIL has already announced its investigations into five ministries. Therefore, the public sector stakeholders appears to be the priority for the CNIL, notably on the following subjects: process and safeguards implemented when acquiring cloud services, challenges related to international transfers, and provisions governing the controller-processor relationship.

However, private sector stakeholders should not become complacent, as investigations could potentially shift to the private sector. It is therefore important to get prepared and start the compliance review and risk assessment process in relation to any international data transfers that may occur in the context of processing activities using cloud computing.

Regarding possible data breaches that may occur in the context of cloud computing technologies, the CNIL confirmed that this is an issue which is under scrutiny, but did not detail the points of control. We can anticipate that the CNILs agents will check the record of breaches, and the decisions to whether or not to notify a breach, and will review the related documentation, including the existence of an internal data breach procedure in compliance with the French Data Protection Law.

Controllers and processors should therefore get prepared and document their various compliance efforts for 2022!

Excerpt from:
France: the CNIL has released its annual dawn raid Program for 2022: three key priorities! - Lexology

Cudos Shines At ETHDenver 2022 And Crypto AM Event – Benzinga – Benzinga

Cudos, the decentralized cloud computing network, is marching towards its mainnet launch in March. The Cudos development team has been heads down on building the infrastructure to launch the mainnet and has made enormous progress.

Beyond the preparations for mainnet, the team attended two events in February, generating awareness around its vision of creating a decentralized, scalable compute network. First, a conversation at DAODenver, part of ETHDenvers BUIDL week, and second, Matt Hawkins, Cudos Founder, and CEO, was part of the panel discussion at Crypto AMs event to talk about multi-chain interoperability in the blockchain space.

ETHDenver 2022

(Cudos Logo being shown on stage at the ETHDenver 2022 event)

At the recently concluded ETHDenver, the longest-running ETH event in the world, Pete Hill, Vice President Sales, and Simon Bogdanowicz, executive advisor to Cudos, participated in an insightful discussion around Layer 1 blockchains, cleverly named Fork this! Gimme another L1!.

"We choose the tendermint protocol in the Cosmos ecosystem to build the Cudos blockchain as interoperability is key to us. The InterBlockchain Communication allows us to work with other layer one platforms and provide them access to the decentralised cloud computing layer of Cudos. We are poised to realise the vision of the metaverse, which will need 1000X higher computing to mint and transact the assets," explained Pete Hill to the audience at DAODenver.

(The Cudos team at ETHDenver 2022)

ETHDenver was the perfect opportunity for the Cudos team to have conversations with like-minded projects keen to contribute to the blockchain and decentralized cloud computing space and discover organic partnerships to power their projects.

"At ETHDenver, you get to interact with people from different walks of life, coming together with a shared goal of applying decentralization to solve the current limitations. It was a great platform to catch up with the Cudos community, exchange ideas, and make connections within the crypto space," Simon Bogdanowicz said about the event.

Cudos Sponsors Crypto AM Event

(Cudos Founder and CEO, Matt Hawkins speaks at the Crypto AM event)

Additionally, Cudos founder and CEO Matt Hawkins was part of Crypto AM's Valentines Keynote, Networking & Soire, where Londons crypto community gathered to exchange ideas. Sponsored by Cudos, the theme of the evening was 'Is multi-chain interoperability the path to true blockchain mass adoption?'.

Matt and other speakers discussed the route for blockchain from its current place to how multi-chain interoperability is the vehicle to reach mass adoption.

"With interoperability, we can use the best of every protocol and then share on two different blockchains. At the moment, users have to choose between low transaction costs, high compute, or liquidity, as you don't get everything with every single blockchain. As they become interoperable, you can use compute on the Cudos network and opt for the low-cost transactions or transferring data functionality of another blockchain," explained Matt Hawkins.

Matt shared the panel with Ken Olling, co-founder and CEO of MELD, and other industry heavyweights.

Support Decentralization

Notably, with the upcoming mainnet launch, Cudos will challenge the monopoly of centralized cloud providers. Therefore, the team will reward data centers and cloud service providers with attractive incentives if they register their interest and participate in the pilot.

About Cudos

Cudos is powering the metaverse bringing together DeFi, NFTs, and gaming experiences to realize the vision of a decentralized Web 3.0, enabling all users to benefit from the growth of the network. Were an interoperable, open platform launchpad that will provide the infrastructure required to meet the 1000x higher computing needs for the creation of fully immersive, gamified digital realities. Cudos is a Layer 1 blockchain, and Layer 2 community-governed compute network, designed to ensure decentralized, permissionless access to high-performance computing at scale. Our native utility token CUDOS is the lifeblood of our network and offers an attractive annual yield and liquidity for stakers and holders.

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Cudos Shines At ETHDenver 2022 And Crypto AM Event - Benzinga - Benzinga

Edge vs. Cloud: Which AI Infrastructure to Opt For? – Analytics Insight

Edge vs. Cloud: Which AI Infrastructure to Opt For?

Edge computing is all the buzz these days. Touted as the most exciting technology shift in recent years, discussions about its transformative powers are aplenty! With increasingly powerful AI/ML algorithms redefining intelligence and the availability of cheaper more powerful edge devices, the hype is turning out to be largely real. But if one were to consider the history of edge computing, it goes further back than what the recent interest would have us believe. In fact, computing and intelligence first started at the edge at a time when high bandwidth network connections were virtually non-existent for most applications. Even in the late 1990s, critical measurement devices deployed remotely in a plant or a field often had dedicated computational capability for processing incoming sensor data. The algorithms in these devices were however only rudimentary in their intelligence: mostly signal processing or data transformations. With improvements in network capability and increased connectivity, cloud-based computing started to gain traction in the late 2000s. In parallel, powerful AI algorithms rose to prominence as a means to unlock meaningful information from swathes of structured and unstructured data. In just about a decade, cloud AI had become the go-to choice for AI applications. But the shift to the cloud brought with it several concerns as well: data upload and download costs, network reliability, and data security to name a few. At the same time, the trade-off for edge computing between processing capability and cost or footprint was diminishing with the rise of affordable yet powerful edge devices. It seems that we have now come full circle back to considering edge computing as a viable and attractive option for building intelligent applications.

As the debate rages on about which option is better edge AI or cloud AI, anyone who is familiar with these two frameworks would likely respond that it depends!. The reason is that edge and cloud infrastructures are not competing but complementary frameworks. Both have seen tremendous evolution and sophistication in the last few years, particularly as a base for AI development and deployment. As with any technology selection, the choice really boils down to the specific application: the objectives, value drivers, and economics as well as any constraints on power, footprint, and connectivity. Thus, it is imperative to understand the pros and cons of both cloud and edge AI before attempting to build the right infrastructure.

Cloud-based AI is an attractive choice when seeking flexibility, scalability, and ease of deployment. Most cloud service providers today provide robust frameworks for training and deployment of AI models along with pay-as-you-go packages with little to no upfront commitment or investment. The cloud offers computational and storage options with few limitations, making it particularly suited for large AI models. But it can become an unwieldy option for real-time applications that require continuous assessment of sensor or image data as they incur significant costs by having to stream data back and forth. This data transfer also makes the cloud largely unsuited for low latency applications requiring closed-loop control or immediate actions.

Edge AI on the other hand is the logical choice for real-time data analysis for automated alarms or closed-loop control. While edge infrastructure does require an upfront investment in edge hardware, the operational costs are significantly lower compared to that for the cloud. Today, a wide variety of edge AI hardware options are available including NPUs (neural processing units), TPUs (tensor processing units) as well as SoCs (system on chip) and SoMs (system on module) with dedicated AI accelerators. Low cost and low power hardware for AI is an area of active research and is likely to provide superior options going forward. On the flip side, AI-based consumer applications have to deal with rather diverse edge devices (mobiles, tablets, PCs, etc), making edge deployment a potentially daunting prospect. Hence, edge infrastructure may not be conducive to rapid prototyping and doesnt scale as easily either. While federated learning, the concept of distributed training for AI models allows for both training and deployment on the edge, the cloud remains the logical choice for training large models requiring adequate computational power.

But the solution doesnt necessarily have to be an either-or choice. As applications transition to a more microservices-based architecture, they can be broken down into smaller functionalities or microservices with their own specific deployment framework. So instead of having to choose between cloud and edge, the focus can be on using both optimally for a specific application. For example, an application might start off with a quick prototype on the cloud. As it evolves, functionalities that require low latency and real-time decisions can be transitioned to the edge, while those that require scale and flexibility can be retained in the cloud. Model training or re-training can be centrally managed in the cloud while some federated learning on the edge can increase accuracy locally. Similarly, sensitive data can be processed on the edge and more generic data relegated to the cloud.

Organizations, developers, and practitioners would do well to think of the cloud and the edge not as distinct alternatives, but really as a continuum from edge to cloud with many diverse infrastructure options in between. That includes different types of edges operational edge, network edge, mobile endpoint, etc, and different types of distributed processing on the network private cloud, public cloud, cloudlet, fog computing, and so on. While the complexity can be a challenge, finding the right mix of technologies is starting to present a unique opportunity for organizations to maximize the value of AI while simultaneously minimizing the cost and risk.

Anusha Rammohan, Member of The IET and Senior Technology Leader, Myelin Foundry

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Analytics Insight is an influential platform dedicated to insights, trends, and opinions from the world of data-driven technologies. It monitors developments, recognition, and achievements made by Artificial Intelligence, Big Data and Analytics companies across the globe.

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Is it enough to rely on the cloud for backups? – ETCIO

Nearly a decade ago, prominent tech journalist Mat Honan from The Wired had his worst nightmare come to lifehis nearly entire digital presence, including content on his iPhone, iPad, and MacBook Pro were wiped clean. His over a year's worth of personal memories, which included the pictures of his young daughter, were also wiped clean. The disaster happened as hackers targeted and eventually breached Honan's Twitter, Google, and iCloud accounts all in order to gain access to his coveted Twitter account.

Honan like many of us relied on the cloud for the backup of his personal and professional data, most of which was lost in the incident. Yet, a decade later, many organizations still believe that by merely being on the cloud, your backups are automatically taken care of by the cloud provider.

Hackers, in recent years, have also been targeted backups that could make recovery from a security incident even harder if a proper backup plan is not put into place.

You can perhaps take a leaf out of some of the leading enterprises' playbooks on how best to deal with cloud backups as we go through the same in detail in this week's newsletter.

Let us know your thoughts.

RegardsVarun AggarwalEditor, ETCIOvarun.aggarwal@timesinternet.in

Should you rely on cloud providers for backup and recovery?

There is often a misconception among organizations that cloud providers are solely responsible for ensuring backup. In reality, it couldnt be farther from the truth. Backups are the joint responsibility of an organization and its Cloud Service Provider (CSP) to ensure that there is minimal business impact in case anything goes wrong.Read more...

With cloud, we have reduced TCO: Nagarro CTO

The billion dollar companyNagarrostarted its cloud journey in 2015 with a modernization thought process which eventually required partnering and working directly with hyperscalers.

CtrlS appoints Dillip Guru as SVP International DC Expansion, Renewable Energy & Edge StrategyAt CtrlS, Guru will be responsible for providing strategic direction in CtrlS' efforts to expand in international markets.

An accomplished industry veteran with 27 years of experience, Dillip joins CtrlS from Amazon Web Services (AWS) where he played a key role as the Head of Energy Strategy APAC based out of Singapore. Prior to Amazon, he has worked with GE, Vestas, and Power Grid Corporation of India in different leadership roles. Dillip is a postgraduate in management from National University of Singapore and holds a degree in electrical engineering from NIT Rourkela.Read More...

Mubadala leads a $500M+ equity round into Princeton Digital Group

Princeton Digital Group (PDG) has closed an equity investment from Mubadala Investment Company (Mubadala) as a lead investor for $350M. Both existing shareholders in PDG, Warburg Pincus and Ontario Teachers Pension Plan Board (Ontario Teachers), also invested in this round, with the total exceeding half a billion dollars.Read More...

RBL Banks CIO illustrates how to build a robust availability and backup strategyFor a bank, there's nothing more important than delivering an always-on customer experience. However, most current technologies are inadequate in ensuring this. Periodic backups that only provide a snapshot in time are not compatible with demands for Recovery Time Objective (RTOs) and Recovery Point Objective (RPOs).

Sankarson Banerjee, Chief Information Officer, RBL Bank believes that banks today have become a 24x7 business like e-commerce and the data & apps underlying the banks similarly needs to be always on. This has made modernising backup and storage strategy has been made a business priority. Read More...

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Is it enough to rely on the cloud for backups? - ETCIO

Digital Transformation Market Size Worth $1,759.4 Billion By 2028: Grand View Research, Inc. – PRNewswire

SAN FRANCISCO, Feb. 23, 2022 /PRNewswire/ --The global digital transformation market size is estimated to reach USD 1,759.4 billion by 2028, registering a CAGR of 23.6% over the forecast period, according to a new report by Grand View Research, Inc. The increasing adoption of advanced technologies, such as the Internet of Things (IoT) and machine learning, across several industries/sectors, is encouraging businesses to implement connected, analytical, and data-rich solutions via digital transformation. These solutions are capable of encapsulating intelligence into business operations to facilitate improved and more effective customer engagements. Moreover, the growing usage of mobile devices, smartphones, and applications across business functions is increasingly promoting digitization.

Key Insights & Findings from the report:

Read 110-page market research report, "Digital Transformation Market Size, Share & Trends Analysis Report By Type (Solution, Service), By Deployment (Hosted, On-premise), By Enterprise Size (Large, SME), By End Use (BFSI, Healthcare), And Segment Forecasts, 2021 - 2028", published by Grand View Research.

Digital Transformation Market Growth & Trends

Digital transformation enables organizations to mitigate business risks and manage disruptions, such as corporate restructuring, marketplace fluctuations, unforeseen pandemics, and unpredictable geopolitical environments, more efficiently. It enables organizations to address a range of process optimization. Moreover, it enables businesses to target a larger customer base by designing new business models, products, and services leveraging digitization. Furthermore, it helps facilitate the transformation of business activities, traditional processes, and business models to benefit from upcoming changes and opportunities pertaining to futuristic technologies.

The rapid urbanization and digitization across the globe are enabling organizations to embrace digital transformation using technology-driven solutions. The growing usage of cloud technology by various Small & Medium Enterprises (SMEs) helps them adopt modern Digital Experience Platforms (DXP) at reasonable costs without constant upgradation or replacement of systems. This is estimated to drive the market during the forecast period. Moreover, benefits, such as improvements in operational flexibility and overall customer experience, are encouraging digital transformation initiatives across SMEs, driving the market.

Digital Transformation Market Segmentation

Grand View Research has segmented the global digital transformation market on the basis of type, deployment, enterprise size, end-use, and region:

Digital Transformation Type Outlook (Revenue, USD Billion, 2016 - 2028)

Digital Transformation Deployment Outlook (Revenue, USD Billion, 2016 - 2028)

Digital Transformation Enterprise Size Outlook (Revenue, USD Billion, 2016 - 2028)

Digital Transformation End-use Outlook (Revenue, USD Billion, 2016 - 2028)

Digital Transformation Regional Outlook (Revenue, USD Billion, 2016 - 2028)

List of Key Players of Digital Transformation Market

Check out more related studies published by Grand View Research:

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry JamesCorporate Sales Specialist, USAGrand View Research, Inc.Phone: 1-415-349-0058Toll Free: 1-888-202-9519Email: [emailprotected]Web: https://www.grandviewresearch.comGrand View Compass| Grand View PipelineFollow Us: LinkedIn | Twitter

SOURCE Grand View Research, Inc.

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Digital Transformation Market Size Worth $1,759.4 Billion By 2028: Grand View Research, Inc. - PRNewswire

Global Cloud Computing in Higher Education Market to 2027 – by Institute Type, Application, Ownership, Deployment and Region – PRNewswire

DUBLIN, Feb. 14, 2022 /PRNewswire/ -- The "Global Cloud Computing in Higher Education Market" report has been added to ResearchAndMarkets.com's offering.

The global Cloud Computing in Higher Education market held a market value of USD 2,182.4 Million in 2020 and is forecasted to reach USD 8,779.1 Million by the year 2027. The market is anticipated to register a CAGR of 22% over the projected period.

Cloud computing in higher education assists teachers, administrators, and students in their education related activities. It helps teachers for uploading learning materials, students to access their homeworks, and administrators to easily collaborate with each other and save money on data storage. Increasing adoption of SaaS based cloud platforms in higher education and growing adoption of e-learning is anticipated to boost the market growth. Furthermore, rising IT spending on cloud infrastructure in education coupled with increasing application of quantum computing in education sector is also expected to fuel the market growth.

Despite the driving factors, cybersecurity and data protection risks are estimated to restrain the market growth. Also, lack of compliance to the SLA and legal & jurisdiction issue is estimated to negatively hamper the market growth. Furthermore, rigid design of cloud-based systems is also expected to hinder the market growth during the forecast period.

Growth Influencers:

Increasing adoption of SaaS based cloud platforms in higher education

Adoption of SaaS based cloud platforms have increased in many industries. In the higher education sector, adoption of these platforms increased rapidly during the COVID-19 pandemic. This is because the transition to virtual learning has driven many institutions for reevaluate the longevity of their technology stack. Furthermore, various advantages associated with SaaS based platform are expected to boost the market growth. These benefits include fewer IT demands & constraints on capacity, greater flexibility to meet needs, enhanced collaboration, less down time, data recovery, enhanced security, and predictable monthly expenses. Therefore, increasing adoption of SaaS based cloud platforms in higher education is estimated to fuel the market growth.

Regional Overview:

Based on region, the global Cloud Computing in Higher Education market is divided into Europe, North America, Asia, Middle East, Africa, and South America.

The North America region is expected to hold the largest market share of around 29% owing to the rising adoption of technologically advanced products in the U.S. and Canada. The Asia Pacific region is anticipated to witness the fastest growth rate of around 26.6% owing to growing awareness regarding cloud computing technologies in the region.

Competitive Landscape:

Key players operating in the global Cloud Computing in Higher Education market include Adobe Systems, Inc., Alibaba Group, Cisco Systems, Inc., International Business Machines (IBM) Corporation, Netapp, Oracle Corporation, NEC Corporation, Microsoft Corporation, VMware, Inc., Amazon Web Services, Inc., Ellucian Company L.P., Dell EMC, Salesforce.com, SAP, and Blackboard, among others.

The approximate market share of the top 4 players is near about 61%. These market players are engaged in mergers & acquisitions, collaborations, and new product launches to strengthen their market presence. For instance, in August 2021, Oracle was appointed by the Ministry of Electronics and Information Technology, Government of India (MeitY) for providing empanelled cloud infrastructure solutions.

The global Cloud Computing in Higher Education market report provides insights on the below pointers:

The global Cloud Computing in Higher Education market report answers questions such as:

Key Topics Covered:

Chapter 1. Research Framework

Chapter 2. Research Methodology

Chapter 3. Executive Summary: Global Cloud Computing in Higher Education Market

Chapter 4. Global Cloud Computing in Higher Education Market Overview4.1. Industry Value Chain Analysis4.1.1. Software Developers4.1.2. Technology Integrators4.1.3. Service Providers/Owners4.1.4. End-User4.2. Technology Lifecycle4.2.1. Early Adopters & Pioneers use cases 4.2.2. Digital Transformation Trend and Impact of Market Growth4.3. Porter's Five Forces Analysis4.3.1. Bargaining Power of Suppliers4.3.2. Bargaining Power of Buyers4.3.3. Threat of Substitutes4.3.4. Threat of New Entrants4.3.5. Degree of Competition4.4. PEST Analysis4.5. Market Dynamics and Trends4.5.1. Growth Drivers4.5.2. Restraints4.5.3. Challenges4.5.4. Key Trends4.6. Competition Dashboard4.6.1. Market Concentration Rate4.6.2. Company Market Share Analysis (%), 20204.6.3. Competitor Mapping4.7. Pricing Analysis

Chapter 5. Cloud Computing in Higher Education Market Analysis, By Institute Type5.1. Key Insights5.2. Market Size and Forecast, 2017 - 2027 (US$ Mn)5.2.1. Universities5.2.2. Technical Schools5.2.3. Ivy League Schools (Universities)5.2.4. Community Colleges & Others

Chapter 6. Cloud Computing in Higher Education Market Analysis, By Ownership6.1. Key Insights6.2. Market Size and Forecast, 2017 - 2027 (US$ Mn)6.2.1. Public Institutes6.2.2. Private Institutes6.2.3. Corporate Learning

Chapter 7. Cloud Computing in Higher Education Market Analysis, By Application7.1. Key Insights7.2. Market Size and Forecast, 2017 - 2027 (US$ Mn)7.2.1. Administration7.2.1.1. Payments7.2.1.2. Calendar (Scheduling & Planning)7.2.1.3. Identity and Access Management7.2.2. Content/Document Storage & Management7.2.3. Unified Communication (Email, video conferencing/seminars)7.2.4. Others

Chapter 8. Cloud Computing in Higher Education Market Analysis, By Deployment8.1. Key Insights8.2. Market Size and Forecast, 2017 - 2027 (US$ Mn)8.2.1. Private Cloud8.2.2. Public Cloud 8.2.3. Hybrid Cloud 8.2.4. Community Cloud

Chapter 9. Global Cloud Computing in Higher Education Market Analysis, By Geography

Chapter 10. North America Cloud Computing in Higher Education Market Analysis10.1. Key Insights10.2. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Institute Type10.3. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Application10.4. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Ownership10.5. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Deployment10.6. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Country

Chapter 11 Europe Cloud Computing in Higher Education Market Analysis11.1 Key Insights11.2. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Institute Type11.3. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Application11.4. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Ownership11.5. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Deployment11.6. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Country

Chapter 12 Asia Pacific Cloud Computing in Higher Education Market Analysis12.1 Key Insights12.2. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Institute Type12.3. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Application12.4. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Ownership12.5. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Deployment12.6. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Country

Chapter 13 South America Cloud Computing in Higher Education Market Analysis13.1 Key Insights13.2. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Institute Type13.3. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Application13.4. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Ownership13.5. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Deployment13.6. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Country

Chapter 14 Middle East Cloud Computing in Higher Education Market Analysis14.1 Key Insights14.2. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Institute Type14.3. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Application14.4. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Ownership14.5. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Deployment14.6. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Country

Chapter 15 Africa Cloud Computing in Higher Education Market Analysis15.1. Key Insights15.2. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Institute Type15.3. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Application15.4. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Ownership15.5. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Deployment15.6. Market Size and Forecast, 2017 - 2027 (US$ Mn), By Country

Chapter 16. Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Business Strategy Outlook) *16.1. Adobe Systems, Inc.16.2. Alibaba Group16.3. Cisco Systems, Inc.16.4. International Business Machines (IBM) Corporation16.5. Netapp16.6. Oracle Corporation16.7. NEC Corporation16.8. Microsoft Corporation16.9. VMware, Inc.16.10. Amazon Web Services, Inc.16.11. Ellucian Company L.P.16.12. Dell EMC16.13. Salesforce.com16.14. SAP16.15. Blackboard

For more information about this report visit https://www.researchandmarkets.com/r/lygcly

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Philips is betting big on the cloud; two leaders discuss the connected future – Medical Design & Outsourcing

Royal Philips (NYSE:PHG, AEX:PHIA) bet big on the cloud in 2021, buying Capsule Technologies for $635 million to integrate Capsules medical device integration and data technologies with Philips cloud-based digital health platform.

The Philips Capsule Medical Device Information Platform (MDIP) can now integrate with more than 1,000 unique types of medical devices, the Dutch medtech giant said in October.

To help understand whats possible in medtech with the cloud,Medical Design & Outsourcing asked two leaders at Philips Virtual Care Solutions Business Category Leader Christine Stormand Informatics Transformational Programs Leader Bas Kuppens to offer their perspectives. The following exchange has been edited for space and clarity.

MDO: What are some surprising and inspirational examples of what cloud computing enables with regard to medical device design, manufacturing and capabilities/performance?

STORM: When the pandemic started, health systems were forced to pivot and adapt to new technologies to improve patient and staff experiences and safety. Solutions that were slowly evolving suddenly became in high demand. From here came the realization that health systems were not well-equipped to respond to rapidly changing care needs, largely due to the fragmented, vulnerable, and expensive IT landscape in which they operate.

When it comes to healthcares digital transformation, the need for effective data sharing across technologies and systems has increasingly become essential in helping our customers improve clinical and operational outcomes. Standardization is key to radically simplify IT infrastructures and bring transparency and predictability to total cost of ownership. When this new era starts to take shape, individual point solutions will have limited value and will need to be replaced with interconnected solutions that offer clinicians the right data at the right time.

In an emerging environment dependent on connectivity and agility, two key developments have emerged in the race to achieve connected care through digital transformation: platform approach and cloud computing. The shift to digital platforms is not new to many industries, but healthcare is playing catch-up, as many healthcare organizations are not yet equipped with IT infrastructures that can keep up with the pace of change. In fact, according to a recent McKinsey report, more than 30% of global economic activity could be mediated by digital platforms in six years, yet experts estimate only 3% of established companies or institutes have adopted an effective platform strategy.

Cloud technology can help deliver a healthcare system that is much more interconnected, scalable and modular. This will allow providers and systems to adjust to continuously evolving needs and shift the focus from the procedure to the patient. Through the cloud, data can be accessed anytime and anywhere an essential requirement for new models of care delivery where patient information must be visible in care settings including the home, outpatient clinics, and traditional hospital environments. Combining data from across these care settings can offer more insights to caregivers, enabling them to make more informed decisions.

MDO: What are some previously unthinkable advances that now seem increasingly likely to become reality?

STORM: Connecting massive systems of information and fragmented sources of data onto one continuous platform has proven to be a challenge historically, but the healthcare industry has made staggering advances. To seamlessly connect people, workflows and information using informatics, healthcare organizations will increasingly transition to secure, scalable cloud technology platforms that house integrated informatics solutions to consolidate and veer away from individual point solutions.

In healthcare, there are many data sources holding personal, operational and clinical data such as EMR, Laboratory, ECG, PACS or other data lakes. At the same time, many patients and caregivers are trying to access the information using applications or solutions along the care pathways but are struggling to access this data due to a very fragmented IT infrastructure. Digital platforms, such as Philips HealthSuite, provide the capabilities to unlock and integrate the data from various sources, and allow caregivers and patients to interact seamlessly with this data, and gain actionable insights from it.

MDO: And finally, what sort of big, futuristic dreams do these or other advancements inspire?

KUPPENS: Digital platforms are the enabling technology that can bring us closer to achieving the virtual hospital of the future, with patient and consumer-centric care delivery. This technology will enable caregivers to unlock the power of data and tie it together through ecosystem services and extract value using smart algorithms, allowing for more informed decisions. The cloud will facilitate access from across a patients care continuum, from anywhere. This allows us to work closely with our customers to develop meaningful solutions that give patients, their families and caregivers a better experience and drive better clinical and operational outcomes along the way.

As part of this transformation journey, the healthcare IT industry will go through several steps. Today, healthcare institutions often implement multi-point solutions to solve specific workflow needs. Because these solutions are all on-premise occupying scarce real estate and adding to the burden of owning the technology stacks, interoperability and inability to take a patient-centric view on data remain a challenge.

Many healthcare institutions are entering the phase of migrating these point solutions to the cloud. This allows caregivers to extract value from data coming from multiple care settings and consume innovation much more quickly and efficiently. Subsequently, ecosystems will start to grow, further unlocking data and tapping into the scalability of cloud computing.

As a last step in this journey, further modularization of platform capabilities will take place. This will pave the way for a composable healthcare enterprise, built from a series of loosely coupled platform capabilities or microservices. These microservices can be used as building blocks to construct true customer-specific solutions and will help to further accelerate innovation in healthcare.

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Philips is betting big on the cloud; two leaders discuss the connected future - Medical Design & Outsourcing