Category Archives: Cloud Computing
Cloud is India’s best bet to aid faster innovation at scale in 2022 – ETCIO.com
What the world, and each one of us, experienced in the past two years, has taught us important life lessons. At the same time, it has demonstrated development and progress, which will have a long-term positive impact on society, industry and governance.
As a result of the ongoing economic and humanitarian crises, we have all been witness to a major shift to digital as organisations showed resilience and realignment in their businesses. Now, as the country advances its agenda of building a digitally knowledgeable economy, it must also look to create a self-sustaining model of development and progress.
Business leaders and economists are talking about the recovery of the Indian economy. Optimistic projections from the World Bank (projecting growth of 6.5 per cent by 2023) and according to some economists, business in India has now exceeded pre-pandemic levels, indicating a swift recovery. India's growth story lies in the hands of select defining sectors like healthcare, government, banking and finance, manufacturing, e-commerce, retail among others.
In its recent reports, Nasscom estimates that with a more aggressive talent building roadmap, India can increase its cloud talent pool to between 1.7 to 1.8 million and in the process, become the world's second largest cloud talent hub by 2025. It is estimated that the demand for cloud experts will exceed 2 million.
Numerous companies in sectors like healthcare, pharma, life sciences, telecom, education, banking, and insurance have advanced their use of cloud and have acknowledged the numerous benefits it has brought to their businesses.
Gartner's recent forecast states that end-user spending on public cloud services in India is estimated to total $7.3 billion by 2022, an increase of 29.6 per cent from 2021.
Along with cloud technologies, new innovative solutions based on Artificial Intelligence and Machine Learning are expected to rise too, which will help create a well-rounded digital ecosystem.
It is estimated that by 2025, the IT industry will contribute up to $350 billion, amounting to 10 per cent of India's GDP, says MeitY. The growth in the IT space will continue to be driven by use of emerging technologies and this will help industries become progressive and be more efficiently run.
Through this technology, they extend support to healthcare delivery organisations like super-specialty hospitals and neighbourhood clinics, to improve business agility and deliver a better healthcare experience to patients.
IFFCO too has implemented cloud technology and is relying on advanced IT systems to support their sustainability efforts, including one of their recent initiatives -- 'Nano-technology' fertilisers. These eco-friendly fertilisers are able to reduce the use of conventional chemical fertilisers in half, while boosting crop outputs.
Witnessing the recent acceleration in the acceptance of technology, it is quite evident that 2022 will continue to be disruptive. Multi-cloud is going to be the way of the world. Businesses today are already evaluating multi-cloud models where they can gain maximum benefits from a trusted set of cloud providers.
And why not? Globally, organisations are expected to spend an incredible $1.78 trillion on cloud and other digital transformation technologies in 2022, according to Statistica.
For us, as technologists and a major cloud provider, this is an exciting time. We are in the midst of a huge digital revolution. Perhaps what is most exciting is that the economic value created will be proportional to the extent of digital transformation this country will witness -- as cloud technologies stimulate innovation and improve efficiencies, while protecting institutions' and citizens' most valuable data assets.
Indian businesses are prioritising speed as their key competency this year, to recover growth faster. CEOs want to leapfrog innovation cycles. So their focus clearly is on faster, data-driven innovation. And there's increased awareness on why cloud is the best engine to aid faster innovation at scale.
Only cloud services can accelerate India's move towards becoming a digitally empowered society, bringing about a smarter, more inclusive future for everyone.
(Shailender Kumar is Senior Vice President and Regional Managing Director, Oracle India)
--IANS
na/dpb
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Cloud is India's best bet to aid faster innovation at scale in 2022 - ETCIO.com
10 Ways to Successfully Run Your Business on Cloud Computing – Analytics Insight
These ways cloud computing can upscale your business
Cloud computing in business is becoming the new normal these days and it is also estimated to grow by 2023. Cloud computing serves as an opportunity for small businesses to get access to high-end technologies where were before restricted to the giant IT companies only. This technology can enhance business productivity, cash flow, process efficiency, and offers several other benefits for businesses. Here are the top 10 ways cloud computing can help businesses to attain success.
In the businesses, with the help of cloud computing, the teams across various parts of the societies can get access to the same document and data at the same time. It can improve the collaboration among the teams and can also help in performing the tasks better in a more efficient way.
The most common problem in business is finding the lost laptops and devices where the high-level data is stored at the local level. This way, the companys data can be easily lost and it becomes difficult for the company to retrieve the data. With the help of cloud computing the information can be stored on cloud and this can in turn keep the business operations running without any challenges.
Cloud computing can cut down the costs in purchasing expensive hardware. Companies can use a pay-as-you-go or a subscription model that can help in reducing operational and infrastructure costs. The ease to setup and manage a cloud infrastructure makes it even more business friendly.
Cloud computing allows the businesses to run even a remote way as employees can easily access the data and can work from any part of the world using the internet connection. Most of the cloud services of today are runned over the mobile ppas that can be used to access the data from the phone without depending on a single device.
Cloud computing permits the companies to get access to the best technologies which were initially restricted to only the big tech companies. Now, with the help of cloud computing the smaller businesses can also use these technologies to get faster solutions empowering themselves in the market.
In businesses, cloud computing gives access to the firmware updates. The services are off-premise and the service takes care of all the latest software updates which need to be done. The time and investments required to maintain the servers and software are saved.
As the cloud service providers store all the cloud, there is no threat of data loss in case of emergencies. Small businesses cant usually afford expensive disaster recovery systems. Cloud computing has helped such businesses to safeguard their data by providing cloud-based storage solutions.
It is one of the advantages of cloud computing as it is growing at a massive rate, it makes the services using the cloud platform. If anyone wishes to scale-down the requirements, it can also be easily done. Operational agility is one of the major business benefits of cloud computing which is one of the top tech giants of the world.
Cloud computing was adopted, employees would have to send the files back and forth several times before the final document was created. This process would lead to several errors and reduce the accuracy of the document considerably. With computing in small businesses, multiple users can access the same document from different places and this reduces the error rate considerably.
When a company uses the computing platform to scale-up or scale-down the capacity, only the server capacity is changed, using a certain amount of energy for the process. This reduces the chances of leaving large carbon footprints which would have occurred before the cloud platform was adopted.
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10 Ways to Successfully Run Your Business on Cloud Computing - Analytics Insight
Cloud Computing Market Projected to Reach $474B in 2022 – Datamation
STAMFORD, Conn. The global cloud computing market should grow to $474 billion in 2022, an increase of over 16% from $408 billion in 2021.
The ongoing pandemic and surge in digital services are making cloud the centerpiece of new digital experiences, according to the market research firm Gartner last month.
There is no business strategy without a cloud strategy, said Milind Govekar, distinguished VP, Gartner. The adoption and interest in public cloud continues unabated as organizations pursue a cloud-first policy for onboarding new workloads.
Cloud has enabled new digital experiences, such as mobile payment systems where banks have invested in startups, energy companies using cloud to improve their customers retail experiences, or car companies launching new personalization services for customers safety and infotainment.
The use of cloud-native technologies will be pervasive, not just popular, Gartner said.
Over 85% of organizations are expected to embrace a cloud-first principle by 2025. Those organizations will not be able to fully execute on their digital strategies without the use of cloud-native architectures and technologies.
Adopting cloud-native platforms means that digital or product teams will use architectural principles and capabilities to take advantage of the inherent capabilities within the cloud environment, Govekar said.
By 2025, Gartner predicts over 95% of new digital workloads will be deployed on cloud-native platforms, up from 30% in 2021.
Organizations will turn more to a product-oriented operating model, where the entire value stream of the business and IT will have to be aligned by products. The shift will create more roles and responsibilities, such as site reliability engineers and product managers.
Cloud-delivered secure access service edge (SASE) is the fastest growth opportunity in the networking and network security markets, according to Gartner.
As most traffic from branches and edge computing locations will not go to an enterprise data center, IT leaders will increasingly use SASE to secure the anywhere and anytime access needs from users and devices.
In 2022, Gartner predicts end-user spending on SASE to total $6.8 billion, up from $4.8 billion in 2021.
By 2025, over 50% of organizations are expected to have explicit strategies to adopt SASE, up from less than 5% in 2020.
Instead of shipping all traffic to central security appliances, CIOs and IT leaders must bring security to the sessions, instead of bringing sessions to the security, Govekar said.
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Cloud Computing Market Projected to Reach $474B in 2022 - Datamation
EDA In The Cloud Is Driving Semiconductor Innovation – SemiEngineering
In the past decade, the move towards cloud computing occurred primarily in sectors like finance, retail, and healthcare, with the emergence of leading public cloud vendors such as Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform, and others accelerating the trend. However, the chip design industry has been slower to adopt cloud computing.
In the current highly competitive environment where the cost of semiconductor design and manufacturing has soared, innovative cloud-enabled solutions are what the semiconductor industry needs to address quality requirements, time-to-market schedules, and high-cost challenges. Electronic design automation (EDA) solutions are essential components of semiconductor design and verification and play a significant role in the industrys move to the cloud. We will take a closer look at how using the public cloud for semiconductor design and verification is helping drive semiconductor innovation.
Fig. 1: Cloud computing technology is helping accelerate silicon innovation.
Chip design complexity has dramatically increased, driven by the explosion of big data and semiconductor industry market pressures from expanding applications including high-performance computing, Internet of Things (IoT), automotive, artificial intelligence (AI), and 5G mobile communications. The design complexity is compounded further by using advanced technology nodes for high-performance, low power and area IPs, the building block of SoCs (System on a Chip).
Thorough verification of these IPs is imperative. However, it requires significant compute capacity and resources (figure 2) to handle the corresponding heavy workload and achieve robust IP design through the various IP design and verification stages. As a result, on-premises compute capacity has undeniably become a bottleneck for chip design teams to design and verify their IP designs and bring their SoC to market faster.Cloud computing has become a viable option for the design teams to use for designing and verifying modern SoCs Siemens EDA has demonstrated and provided ahighly scalable cloud computing capacity for AMS verification workloads using Microsoft Azure cloud.
What are the key market drivers and benefits influencing chip design teams, and how can cloud-based EDA solutions help drive innovation?
Fig. 2: IP design and verification workflow.
With chips becoming more complex and larger, the amount of compute resources required is significant to accommodate the compute-intensive workloads needed for thorough verification of every stage of the IP design and verification flow. Then there is the burst computer resource demand at the design tape-out stage. In addition, concurrent IP development projects within a company compete for the same compute resources, causing further delays. As a result, compute resources are becoming a significant bottleneck, impacting time-to-market targets. Furthermore, on-premises data centers cannot quickly adapt to varying design and verification workloads. In contrast, cloud computing can help increase throughput with access to significantly more and flexible compute resources. Also, the ability to quickly scale up and or down elasticity based on the verification needs makes the cloud even more attractive for chip designers.
Like highly parallelizable verification tasks, specific workloads are more suitable for cloud computing, providing significant throughput improvement. For example, consider an advanced node library characterization flow, a highly parallelizable task. Built-in machine learning enabled technologies may significantly reduce runtimes required for library characterization. However, a significant amount of SPICE simulation is needed to characterize each library revision. Today, characterizing an entire standard cell library requires hundreds of millions to billions of SPICE simulations to generate the timing.lib files used by synthesis, place & route, and signoff timing analysis tools. Because of this, library characterization tasks take up to several days to weeks to complete. Siemens EDA and AWS have collaborated to providea scalable, secure and cost-effective cloud-based library characterization flowthat enables users to leverage cloud computing resources to accelerate library characterization.
To meet specifications and adapt to the challenges of smaller, more advanced technology nodes without compromising the quality of results power, performance, and area (PPA) and yield, designers need to perform extensive verification to account for all potential design variations. This includes performing extensive process, voltage, and temperature (PVT) and Monte Carlo SPICE simulation at a granular level. These are highly compute-intensive workloads demanding significantly more compute resources than on-premises data centers can accommodate. Hence, design teams often must make difficult trade-offs by adding design margins to meet time-to-market (TTM). Siemens EDA enables customers to migrate to the cloudand meet and exceed quality of results with higher chip yieldwithin production run times.
Another equally compelling benefit to moving to the cloud is overall lower cost. Companies like a startup may choose to go all on the cloud. On the other hand, enterprise semiconductor companies may use a hybrid cloud model to augment their on-premises data center. With cloud service vendors providing flexible pricing models like pay-as-you-go pricing, design teams can scale up and down the compute resources on a need basis at each stage of the IP design development cycle. Cloud computing resources help reduce capital expenditures and lower the cost required year-round to upgrade and maintain a data center that is typically architected and sized for peak usage, such as sign-off verification.
In the past decade, the move of EDA to the cloud has been hindered by concerns about the security of semiconductor intellectual property (IP) and data, which at the time outweighed the significant benefits gained by computing in the cloud. But chip design complexity continues to drive the need for massively parallel computing. This huge catalyst has accelerated the development of advanced cloud security and fault-tolerant solutions by cloud service providers. Siemens EDA is working with cloud service providers and foundries, ensuring the solutions support the cloud security protocols and infrastructure. Consequently, leading foundries have adopted the cloud and acknowledged the security of the cloud infrastructure by having their IP and process design kits (PDKs) in the cloud helping diminish the security concerns.
Siemens EDA is partnered with cloud service vendors to innovate and provide semiconductor companies a seamless transition to the cloud by delivering optimized cloud-ready AMS verification solutions and best practices. The cloud-ready solutions provide scalability, flexibility, and security, enabling the chip design team to meet their PPA metric and TTM goals. In addition, proven best practices equip design teams with cloud reference architectures to choose from, including the network configurations, type of virtual machines, storage, and data transfer mechanisms to guide them on their cloud journey.
The semiconductor industry is under relentless market pressure to produce innovative, high-performing chips and meet TTM targets. In tandem, innovation of cloud-ready and cloud-optimized EDA solutions will be crucial to support the high demand for compute resources to reduce IP design development cycle times.
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EDA In The Cloud Is Driving Semiconductor Innovation - SemiEngineering
6 Ways Cloud Computing Is Changing The Future Of Logistics – TechDay News
One of the most significant advancements in the technology of our time has been cloud computing. The ability to store and access data from any part of the world using any system is just mind-blowing. Its such a unique concept that people wouldnt have even believed you if you had discussed it a few years ago. However, technology has brought it to reality and there are many industries that have grown along with it. One of these industries is logistics and supply chain management, which enables people to control their assets. However, its still relatively new, and many people dont have a clue what it can be used for. This is a problem that has to be solved, as it can stop the spread of this marvelous technology.
In this article, were going to take a look at some of the most important things that have been impacted in the logistics industry due to cloud computing. Once youre done with the article, youll be able to better appreciate the technology and the way it works. So without further ado, lets get to it and find out how cloud computing is shaping logistics for the better.
These are some of the most significant ways in which cloud computing has impacted and revolutionized the way we handle logistics. Just like every other innovation, people were skeptical about this as well, however, the adoption of cloud-based technology has been so fast that in a few years, all the businesses will be relying on it. So if you still havent made the switch, its about time you do because its going to be the norm in the future.
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6 Ways Cloud Computing Is Changing The Future Of Logistics - TechDay News
Telco cloud vs. IT cloud: What’s the difference? – RCR Wireless News
Telco clouds and IT clouds use the same architectural framework and agile principles to achieve scale, but theyve been siloed. 5G core networks are now-cloud native.
Whats the difference between thetelco cloudand IT cloud? Until now, the two have existed separate but equally. Whether its a telco cloud or IT cloud, public, private, or hybrid. WWherever the cloud lives, cloud computing architectures are the same. Theyre scalable, agile, flexible, and responsive. Data storage and compute resources can be made instantly available depending on need.
At the heart of both clouds is Software-Defined Networking (SDN). Replacing network hardware with software made the first clouds able to more efficiently manage and scale network operations than they ever could before.Network Function Virtualization(NFV) started the trend as routers, switches, and other proprietary gear was replaced with Virtual Machine (VM) software running in the data center.
Abstracting real hardware to run virtually in the cloud operators the ability to scale operations. Bare-metal hypervisors running VMs in data centers squeezed every iota of performance available. From there, the best opportunity to manage compute resources efficiently is to replace VMs altogether withCloud-Native Functions(CNFs).
The IT cloud doesnt just power agile enterprise operations. Its enabled the explosive growth ofhyperscalers, the architects of the modern public cloud. Managing networking and Internet service infrastructure is an essential function of the cloud ecosystem. Getting that infrastructure to scale elastically to meet the often opposing demands of consumers and enterprise requires hyperscale services.
Cloud computing is ubiquitous. Enterprises and consumers increasingly depend on public cloud services. The forces of gravity of both domains require IT cloud and telco cloud to merge. Hybrid cloud solutions put cloud resources where they need to be. Whether thats on-prem, in a private cloud, on the public cloud, or, depending on security and service requirements, or anywhere in between.
Thats enabling new opportunities for IT system integrators like Kyndryl (ne IBMs GTS managed service business).VMware has partnered with VMwareand also with Microsoft to develop new customer solutions for app modernization which are cloud-independent. Kyndryl will tap VMwares portfolio of products to speed cloud transformation for its clients. Areas the companies expect to offer differentiate solutions include edge computing, security and multi-cloud infrastructure and management.
Telco clouds have existed in parallel development just like IT clouds. Network operators have, by necessity, siloed their clouds. Telco clouds are purpose-built for the stringent operational demands of telecom. 5G cloud-nativity promises and end to dependency on more vendor-specific hardware. Vendors can to manage almost all network services using software running on commodity hardware. Even at the baseband level with efforts like Open RAN.
The 5G core network is cloud-native. It employs aService-Based Architecture, which works fundamentally like any other cloud. But the needs and service requirements of network operators are different from hyperscalers, and the devil is in those details.
Telco operations have more stringent performance and quality of service requirements than IT or public cloud operation. As well as with vastly more regulatory oversight. Operator networks require faster traffic management, more reliability, minimized jitter and lower latency than public clouds. Clouds for telcos exist with special requirements in mind.
A telco cloud represents the data center resources that are required to deploy and manage a mobile phone network with data transfer capabilities by carrier companies in production operations at scale,said VMware.
IBM Cloud for Telecommunications, for example incorporates IBM Cloud Satellite and Red Hat OpenShift for flexible cloud-based service delivery and integrates IBMs Edge Application Manager and Telco Network Cloud Manager. It is an ecosystem with dozens of partners focusing on vertical solutions using 5G and edge.
VMwares Telco Cloudplatform is its consistent horizontal architecture to provide 5G network operators with to continue to run existing services, such as vEPC and have the same platform support new, cloud-native services, including standalone 5G services.
Dish is using VMware Telco Cloudin its 5G Standalone (SA) network. VMware Telco Cloud is the underlying cloud platform and infrastructure layer to power the carriers open radio access network-based 5G network.
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Telco cloud vs. IT cloud: What's the difference? - RCR Wireless News
Global Cloud Computing in Industrial IoT Market (2021 to 2026) – Increased Use of Cloud Computing Platforms is Driving Growth – ResearchAndMarkets.com…
DUBLIN--(BUSINESS WIRE)--The "Cloud Computing in Industrial IoT: Market for Cloud support of IIoT by Software, Platforms, Infrastructure (SaaS, PaaS, and IaaS) including Centralized Cloud Edge Computing for Devices and Things 2021 - 2026" report has been added to ResearchAndMarkets.com's offering.
This report evaluates the technologies, players, and solutions relied upon for cloud computing in IIoT. The report analyzes the impact of SaaS, PaaS, and IaaS upon IIoT as well as cloud computing software, platforms, and infrastructure in support of edge computing.
The report also assesses market opportunities for cloud computing support of IIoT devices and the objects that will be monitored, actuated, and controlled through IoT enabled processes. The report includes detailed forecasts for the global and regional outlook as well as by industry verticals, devices, and things from 2021 to 2026.
Companies Mentioned
Select Report Findings:
Cloud computing is moving beyond the consumer and enterprise markets into support for manufacturing and industrial automation of other industry verticals. The Industrial Internet of Things (IIoT) represents a substantial opportunity for both the centralized cloud "as a service" model for software, platforms, and infrastructure as well as distributed computing wherein IIoT edge computing will enable the ICT industry to leverage real-time processing and analytics.
Key Topics Covered:
1 Executive Summary
2 Overview
3 IIoT Cloud Computing Ecosystem
3.1 IIoT Cloud Computing Services
3.2 Cloud Computing Deployment
3.3 IIoT Cloud Computing Applications
3.4 Cloud Manufacturing
3.5 Software Defined IIoT and Industry 4.0
3.6 Smart Connected Enterprise and Workplace
3.7 Cloud Technology in Robotics
3.8 Artificial Intelligence and IIoT Solutions
3.9 IIoT Cloud Computing Challenges
3.10 IIoT Cloud Computing Pricing Models
4 Cloud Computing in IIoT Market Dynamics
4.1 Drivers
4.1.1 Increased Use of Cloud Computing Platforms
4.1.2 Government Policies, Initiatives and Innovative Efforts
4.1.3 Optimization of operational efficiency and automation
4.2 Challenges
4.2.1 High initial cost
4.2.2 Data Security and Privacy Breaches
5 Case Study: Cloud Computing in IIoT Market
5.1 IoT Use cases of Kemppi
5.2 Smarter Systems for Increasing Customer Productivity Case Study
5.3 Caterpillar's NextGen Human-Machine Interface (HMI) software platform
5.4 Creating Smarter heating and cooling systems with cloud
5.5 Prototyping the Future Automotive Cloud
5.6 Oil and Gas production Smart Case Study
5.7 Rockwell Adapted Microsoft Azure Case Study
5.8 Cloud-first digital transformation
5.9 Eastman Case study for cloud migration
5.10 Data Analytics Improves Transportation Equipment Utilization
6 Industrial IoT Cloud Computing Market
7 IIoT Cloud Connected Devices/Things Forecasts
8 Company Analysis
9 Conclusions and Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/5cn589
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Global Cloud Computing in Industrial IoT Market (2021 to 2026) - Increased Use of Cloud Computing Platforms is Driving Growth - ResearchAndMarkets.com...
New Fundamentals of Open Source IT and Cloud Computing Training Makes it Easy to Start an IT Career – PRNewswire
SAN FRANCISCO, Dec. 16, 2021 /PRNewswire/ -- The Linux Foundation, the nonprofit organization enabling mass innovation through open source, has announced a new online training course, Fundamentals of Open Source IT and Cloud Computing (LFS200), is now available for enrollment.
LFS200 is designed for those new to the IT industry or considering starting an IT career as a system administrator or engineer. This course is ideal for users interested in advancing to the professional level through a gained understanding of critical concepts for modern IT systems, including cloud computing. With the 2021 Open Source Jobs Report finding 92% of hiring managers cannot recruit enough talent to fill open roles, and cloud computing skills being in higher demand than any other area, this course will provide a clear onramp to help more individuals start an IT career and more employers to close the talent gap.
Topics covered include foundational knowledge of computer hardware, software, and operating systems, in addition to more specific concepts related to system administration, networking, troubleshooting, the internet, cloud, security, DevOps, project management, and open source software and licensing. LFS200 also prepares participants for the Linux Foundation Certified IT Associate (LFCA) exam, which demonstrates to potential employers that a candidate possesses the requisite knowledge to be successful in an entry-level IT role.
"There is so much opportunity today in the IT space with digital transformation activities happening at organizations of all types and sizes, but there simply are not enough qualified candidates to fill available roles," said Clyde Seepersad, SVP, and general manager of training & certification at The Linux Foundation. "Our mission is to make quality training and certification opportunities more accessible to help individuals start lucrative careers in this space while ensuring organizations have the talent they need to succeed in their business goals."
Fundamentals of Open Source IT and Cloud Computing was developed by Lee Elston, who has been working in IT systems since the late 1970s in capacities from repairing the print heads on dot matrix printers to systems performance and tuning, supervisory roles, teaching and course creation. He was introduced to Linux very early, when kernel versions less than 1.0 on Intel386 systems were in use. Today Lee creates and teaches Linux classes as an independent contractor.
LFS200 is available for immediate enrollment for $99, or bundled with the LFCA exam for $299.
About the Linux FoundationFounded in 2000, the Linux Foundation is supported by more than 1,000 members and is the world's leading home for collaboration on open source software, open standards, open data, and open hardware. Linux Foundation's projects are critical to the world's infrastructure including Linux, Kubernetes, Node.js, and more. The Linux Foundation's methodology focuses on leveraging best practices and addressing the needs of contributors, users and solution providers to create sustainable models for open collaboration. For more information, please visit us at linuxfoundation.org.
The Linux Foundation has registered trademarks and uses trademarks. For a list of trademarks of The Linux Foundation, please see its trademark usage page:www.linuxfoundation.org/trademark-usage. Linux is a registered trademark of Linus Torvalds.
Media Contact:Dan BrownThe Linux Foundation415-420-7880[emailprotected]
SOURCE The Linux Foundation
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New Fundamentals of Open Source IT and Cloud Computing Training Makes it Easy to Start an IT Career - PRNewswire
Why the Cloud Is an Integral Part of Fintech – WebProNews
The cloud has revolutionized the way that people store information. The cloud is integral to Fintech because it offers a cost-effective and scalable platform for storing data, processing transactions, and running applications. It also helps ensure that your companys security is safe from cyberattacks.
Cloud computing enables businesses to focus on their core competencies while leveraging powerful new capabilities for managing information, processing transactions, analyzing data insights, securing sensitive dataall without incurring significant upfront investment or long-term commitments.
This blog post will explore how the cloud is an integral part of Fintech.
A Fintech app is an app that provides financial services. More specifically, a Fintech application typically includes money transfers or payment processing tools. Therefore, more often than not, these apps are mobile-based and include functions such as account balances and transactions history tracking, bill paying by scanning checks with your smartphones camera without the need to visit the bank branch or pay them online from anywhere -, etc.
In addition, most fintech applications provide security features like two-factor authentication, making it harder for hackers to access sensitive information stored on your phone. In this way, users can feel safe when using their devices to carry out different tasks requiring high-level privacy protection.
The cloud is an integral part of Fintech because it can help businesses to reduce costs when implementing solutions. It also helps companies looking to expand their resources without having the high up front cost that would normally come along with this type of investment.
Since you dont need additional hardware for your cloud computing, youll be able to manage and maintain these services in a more efficient manner than if you were operating on-premise (in-house) servers or infrastructure. Theres no hardware required, which means there will be less maintenance involved as well since much of this work can take place remotely, allowing IT support staffs time to be better spent elsewhere instead of just sitting around waiting for something to go wrong with equipment at the office facility where everything is being hosted.
Cloud technology allows for real-time updates and changes, which is important in the Fintech industry, where things can change rapidly. The cloud also allows for scalability, so businesses can grow as needed. And finally, the cloud provides security and compliance assurances essential in the financial sector. For all these reasons, its clear that the cloud is a key part of Fintech.
The impact of cloud computing in Fintech is immense. It is the new way of doing things without being limited by infrastructure or resources.
The cloud has enabled companies to quickly access computing power, storage space, and software on demand at a reasonable cost. Fintech companies use this resource extensively to manage their data centers with ease and computing needs required for business growth. Online payments have benefitted from the cloud in many ways, including scalability, security, transaction speed, etc. Cloud computing allows your company to focus on differentiating features instead of worrying about maintaining hardware and software requirements. This means you can use all your time developing innovative products rather than deploying them. The ultimate result? More revenue streams through faster online payment processing services go to the cloud.
The cloud is playing an important role in developing new payment technologies and services. The cloud is also being used to develop new ways of processing faster, more reliable payments and provide a better customer experience. All this would not be possible without the cloud.
Public, private, or hybrid? The cloud is an integral part of Fintech, and the type of cloud you choose will depend on your specific needs. If youre looking for scalability and flexibility, public clouds are a good option. Private clouds are better suited for companies that need more control over their data security. Hybrid clouds combine the best features of both public and private clouds. Whichever type of cloud you choose, make sure its able to handle the high-volume transactions typical of FinTech applications.
The cloud offers fintech organizations a number of advantages, including:
The cloud can easily scale to meet the needs of your organization. This is important for fintech organizations that are constantly growing and expanding their services.
Cloud-based solutions often cost less than traditional on-premises solutions. Fintech organizations can save money by taking advantage of the economies of scale offered by the cloud.
Cloud-based solutions are accessible from anywhere in the world. This means that your fintech organization can be available 24/365 around the globe, which is important when dealing with global customers and markets.
The security features built into modern cloud platforms protect data against attacks while still allowing users to access it remotely via a mobile device or computer.
Cloud-based solutions are compatible with other systems and protocols, including Web services standards like XML and RESTful API calls. This makes them easier for developers to integrate than on-premises software products.
Several challenges need to be addressed before the cloud can become more widely adopted in the Fintech industry. These challenges include:
-Security and privacy concerns
-Lack of standardization
-Data latency issues
-Limited bandwidth and storage capacity
These challenges need to be addressed if the cloud will play a larger role in Fintech. The good news is that many companies are already working on extended car warranty solutions to these issues, and we should see some significant progress over the next few years. Cloud adoption will continue to increase in Fintech as these issues are resolved.
Its not just the tech giants who are building their services around cloud computing. Fintech companies have embraced this technology to provide better customer service and greater security for sensitive data. As more people turn away from banks in favor of these digital options, they must be able to trust vendors with their personal information. The best way to do so? Make sure you use a secure cloud provider like AWS or Azure
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Why the Cloud Is an Integral Part of Fintech - WebProNews
re:Invent recap: Amazon showcases cloud computing innovation – VentureBeat
Hear from CIOs, CTOs, and other C-level and senior execs on data and AI strategies at the Future of Work Summit this January 12, 2022. Learn more
Amazon held its 10th re:Invent conference this week. The annual event, held this year in Las Vegas as well as online, reveals new technologies designed to support its Amazon Web Services (AWS) arm, one of the leading platforms for cloud computing.
The tech giants first AWS re:Invent in 2012 was a humble affair with only 6,000 attendees, dominated by startups and emerging technology partners. Fast-forward to 2021: Its now a well-attended conference for the industrys top IT execs and technical decision-makers.
The in-person event featured keynote speakers, announcements about its latest tech innovations, as well as training and certification opportunities.
Amazon revealed the latest it has to offer, but a few announcements took center stage. The following is a collective overview of VentureBeats coverage on the top news coming out of AWS re:Invent 2021.
AWSs CEO Adam Selipsky revealed news of accelerated chips, effortless machine learning models, fortified artificial intelligence, robotics technology, data lakes, and more.
were making it even easier to prepare and gather data for machine learning to train models faster and expand machine learning to an even broader audience, Selipsky said. Its really going to enable a whole new group of users to leverage their data and to use machine learning to create new business insights.
The announcements that followed Selipskys keynote would only prove to bolster that statement. AWS re:Invent 2021 largely focused on tools that are both bolstered to provide strong data and analytics infrastructures, and enhance efficiency for those using the many tools across the swath of Amazons cloud computing platform.
As the cloud computing industry is rapidly evolving, so is the demand for faster, more efficient developer-friendly tools. Cybersecurity threats and ransomware are rampant and growing. Against this backdrop, AWS announced automation for the management of vulnerabilities on its platform, to address vital security requirements in the cloud.
The sharp pivot to increased digitization for companies across industries, sparked by the coronavirus pandemic, has increased the use of cloud-native tech and platforms. In an interview, VentureBeat heard the concerns and perspectives from 10 startup companies regarding AWS security. A key takeaway: cloud securitys most notable advantages include lower cost and lower demand on resources than on-premises security.
Amid the rise in popularity of digital twin simulations, the company also announced IoT TwinMaker and IoT FleetWise for AWS. The tools are designed with user accessibility in mind: making it easier and more cost-effective to innovate. Its IoT TwinMaker allows developers to easily create digital twins of real-time systems such as factories, industrial equipment, product lines etc. The IoT FleetWise tool is specifically tailored for automakers to efficiently collect, transform, and transfer vehicle data in the cloud at a faster rate.
In addition, Amazon also announced its dabbling in the quantum computing arena with the announcement of AWSs cloud quantum offering known as Braket.
Bracket allows users to write quantum algorithms and lease time on quantum processors without a commitment. At re:Invent 2021, AWS shared that its Braket service can now run quantum algorithms as hybrid jobs. For now, theres no integration with many other tools, but as quantum computing grows in accessibility and popularity, this integration is likely to be announced at a future conference.
With such rapid growth both in size of its AWS re:Invent conferenceand in the tech featured at it on the past 10 years, looking ahead at the innovation the next 10 years will produce, AWS re:Invent in the year 2032 will undoubtedly pave the way for further transformation in the tech industry transformation that minds have yet to even consider possible.
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re:Invent recap: Amazon showcases cloud computing innovation - VentureBeat