Category Archives: Cloud Computing
Venture capital firms bank on a sustained shift to the cloud – Brisbane Times
"If you look at SafetyCulture, Culture Amp, and Canva is probably the best example of it, they are all built on the cloud," he said. "A lot of these companies are seeing (the shift to the cloud) accelerate as a result of the coronavirus pandemic."
Meanwhile, Airtree Ventures partner James Cameron pointed to the growth of online cloud computing training provider A Cloud Guru, which reached $116 million in revenue this year, as a good example of how tech startups can make the most of the rush to the cloud.
A Cloud Guru teaches people how to use cloud platforms like Amazon Web Services, Microsoft Azure and Google Cloud Platform and has taught two million users since launch in 2015.
"It really has been the right time and right place (for the business) to enjoy that explosive growth," Mr Cameron said.
"They are sitting at this mega trend and of the tailwinds they have got behind them one is online education and the second is the shift into digital reskilling, then there's also the shift in the general software development world to the cloud."
A Cloud Guru co-founder and chief executive Sam Kroonenburg said remote working has been a key catalyst for the shift to the cloud.
A Cloud Guru co-founder and chief executive Sam Kroonenburg. Credit:Eamon Gallagher
"I think the world has a mandate to move to the cloud and this is a major shift that is happening across the world globally," he said. "Companies are wanting to move away from managing their own infrastructure, they want to have the flexibility to send their workforce home and COVID-19 is just accelerating that trend."
Mr Kroonenburg said he expected this shift to continue even after the pandemic is over.
"It is a long term systemic change," he said.
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Paul Bassat, co-founder of Square Peg, said migration to the cloud was one of the key themes the venture capital firm was focused on, pointing to its investments in Israeli data centre infrastructure startup Excelero and cloud storage infrastructure startup Lightfix.
"We are essentially seeing pretty much all businesses are going to move to the cloud, we are 20 to 30 per cent into that journey so there's still a long way to go here," he said.
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Venture capital firms bank on a sustained shift to the cloud - Brisbane Times
3 cloud computing stocks riding the hype wave – ForexLive
Mass gatherings were drastically reduced and working from homebecame the practice for quite a while now. Due to the coronavirus emergency, aheavier number of consumers rely on cloud computing services to get thingsdone. Cloud-based solutions are pumping up to provide the necessities of peoplefor remote collaborations, video and audio conferencing, online classes,gaming, and e-commerce amid the pandemic. Big data and cloud computing playcritical roles in the healthcare industry as the combat against the viruscontinues.
The immense demand in the cloud-computing space provided robustdevelopments in stock prices for this sector. Here are3 cloud computing stocksto watch out for.
MICROSOFT
Microsoft is a key player in the cloud infrastructure sector,contributing 18% market share from 16% last year. According to Microsoft CEOSatya Nadella, they move ahead of other cloud providers by having more datacenter regions, with Mexico and Spain being the recent additions. Last quarter,Microsoft gained 29%in intelligent cloud segment revenue to $12.3 billion. It has a $13.7 billion free cash flow in therecent quarter, increasing 25% year over year.
MSFT.US is up by 35% YTD, SimpleFX WebTrader
MSFT.US is moving above the 50-, 100-, and 200-day SMAs sinceApril. It increased by 1.16% on Thursday, touching a fresh new high at $216. Itis currently up by about 35% this year to date and climbed by 9.7% from thepast week.
NVIDIA
NVIDIA is not letting others get ahead easily. This multinationaltech giant delivers GPUs to well-known cloud providers, resulting in massivesales growth. Its data center revenue blew up to $2.99 billion this year fromonly $339 million in 2016. The total sales in this segment increased by 80%from the year earlier and reached a total of $1.14 billion in the Q1 FY2021.NVDA.US is trading at $415.09 as of writing and isup by over 70% thisyear to date.
NVDA.US is up by over 70% this year, SimpleFX WebTrader
The recent acquisition of Mellanox, a leading supplier of computernetwork products based on InfiniBand and Ethernet technology, will be a bigboost for NVIDIA's data center scope. With this, NVIDIA's expected Q2 revenueclimbs to about $3.65 billion.
ALIBABA
Alibaba Group Holding Ltd shares (BABA.US) reached a fresh 52-weekhigh on Thursday at $268.00. This is after Needham's Vincent Yu, an Alibaba analyst,revealed a "buy" rating with a target of $275.
According to Yu, Alicloud gains from gigantic shifts to the cloudby enterprises and government agencies. Alicloud is a market leader in Chinawith about 46% market share. The multinational tech company plans to allocate$28 billion over 3 years in cloud infrastructure.
Alibaba shares gain 20.62% YTD, SimpleFX WebTrader
Alibaba is also at the top of the e-commerce market with itsJuhuasuan and Taobao Deals attracting more consumers as a provider ofcompetitively priced goods. BABA.US has gained 20.62% this year to date and isup by 10% from the past week.
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3 cloud computing stocks riding the hype wave - ForexLive
What serverless computing enthusiasts like about serverless, and how they use it – ZDNet
What are serverless computing's most enthusiastic users getting out of the technology, and how are they getting there? They appreciate the ability to implement event-driven architecture, and to support their API deployments. However, they wish serverless had more portability, and would like to have greater local control of features and debugging tools.
These are some of the takeaways from the currentServerless Community Survey, coordinated by the tirelessJeremy Daly, hosted and posted on the GitHub site. In serverless computing, all back-end work such as scaling, capacity planning and maintenance operations is handled in an automated fashion, typically by a public cloud provider, so, in theory, all a developer has to worry about is writing or integrating code for the business problem. Of course, one can argue that the term "serverless" is off, since there is always a server somewhere doing something, but that's another discussion.
By its very nature, this survey is conducted among a self-selected group of serverless proponents, so its focus is on trends and preferences among those already well-ensconced within the serverless world. Accordingly, when asked about the maturity of their serverless efforts, 40% of the 582 respondents indicate their maturity level was "high," that they are "all in on serverless." Another 22% report their embrace is "medium," that they are "transitioning to serverless."
Amazon Web Services emerges as the far-and-away front-runner in this space, cited by 72% as their public cloud computing choice. Microsoft Azure follows at 18%, and Google Cloud Platform with 13%. Accordingly, 61% report employing AWS Lambda for Function as a Service, or FaaS, which, along with managed services, form the core of serverless. Another nine percent use Azure Functions.
The most positive aspect of serverless technology is its ability to enable deployment of event-driven architectures, as cited by 28% of respondents. Lowered cost of resources to build and support applications follows with 21%, as does the ability to quickly scale applications as needed (21%). The main issue respondents have with the technology is a relative lack of portability, cited by 23%. When asked to write in the features they feel are missing from today's serverless offerings, IT professionals provided a long wish list. The missing features leading the list include best practices, better debugging, cold-start management, greater ease of use, local development, and greater monitoring.
If anyone is wondering if serverless computing can be supported within private clouds, this survey puts to rest any of those lingering thoughts. Serverless is clearly a public cloud play. Close to half of those responding to the question on public versus private, 46%, report that a majority of their production workloads utilize serverless (either through FaaS or managed services) in a public cloud environment, but barely five percent indicate this is the case with on-premises environments. A majority, 73%, report absolutely no serverless workloads even touch their internal infrastructures.
The serverless proponents in this survey are a very busy and prolific bunch. Close to one-third of those responding to the question of volume, 29%, say they now have more than 100 serverless functions in production. The sweet spot, however, is still in the sub-100 range: 26% have between 11 to 50 serverless functions now running in production, and 21% have 50 to 100 instances.
While serverless is being applied to both greenfield and brownfield applications, IT professionals are more inclined to leave their existing legacy applications go for now, the survey also shows. Seventy-five percent answering this question say it is "very likely" their organizations will be building a greenfield serverless application in the next 12 months, versus 34% indicating this is the case for their brownfield applications.
Deploying REST APIs is cited as the most prevalent use case for serverless computing, as seen among close to half of respondents to the survey (47%). Supporting business logic is cited by 33%, as is single-page applications. Another 31% deploy serverless in support of their DevOps initiatives.
Survey data is available for download from the site as an Excel spreadsheet or in CSV format.
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What serverless computing enthusiasts like about serverless, and how they use it - ZDNet
Bennett University offers BCA Program focussed on Data science and Cloud computing skills – Times of India
World is experiencing changes across various facets of life personal and professional, at a speed never seen before. Everywhere we look we see that technology seems to be involved in most of our day to day activities. In such a scenario it becomes more important than ever to prepare the students for the future of work and fulfil their passion to excel in developing cutting edge computer applications. Bennett University believes that it can help many such aspiring students in moving ahead on the path of making their dreams come true. Hence the university has launched the Bachelors in Computer Application (BCA) Program with specializations in the most sought after fields BCA (Data Science) and BCA (Cloud Computing & Cyber Security), from the Academic year 2020-21.
Students will be doing three certifications out of Cloud Computing, Cybersecurity, Data Science. Web Technologies and Artificial Intelligence. With one certification each year, students will be ready to jump to work for the industry without any additional training requirements from the Industry.
Key focus of the program will be Industry ready curriculum with special focus on Futuristic technologies combined with core skills. Lot of emphasis is being given to change the adoption curve of new technologies, so that students can match with the skills required by the employers. Bennett University aims to be the educating and equipping students to become the Most preferred potential employees for any corporate.
The key to choosing these specializations and the skills that they will give to the students is that these skills are not just limited to IT industry, when it comes to work or jobs. Every company or industry that deals with Data now or in the future will always need the experts in Data Science to churn their data to give the critical insights that would define and re-define the businesses.
Similarly as we look around every or any corporate or industry seems to be moving to usage of Cloud storage and thus every company or industry that has IT usage will need experts in the field of Cloud technology and Cyber Security because where there is huge amounts of data there is always the risk of security of the Data. Data is the true treasure of any company or Industry and hence Data security is Critical.
Early adoption of technology will be one of the key Mantra which is being facilitated through Professional Certifications which has been integrated with the regular curriculum. Computer Science and Engineering Department is known for its world class faculty and enabling dream jobs for the students. Industry and Corporates have set up various Center of Excellence in Bennett University, which makes it a landmark for prospective students. University has established Center of Excellence in Artificial Intelligence, Data Science, Robotics and Automation, Cybersecurity to name a few. Customized trainings, workshops, hackathons, competitions, student clubs and CXO series gives a definitive edge to the overall personality of the student to flourish in their careers.
Customized skills will be the defining characteristics of the program, which means that every student matters to us and can have flexibility in choosing the electives as per her / his passion.
Disclaimer: Content Produced by Bennett University
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Bennett University offers BCA Program focussed on Data science and Cloud computing skills - Times of India
Google Launches the First NVIDIA Ampere A100 GPUs in the Cloud with Computing Engine A2 VMs – InfoQ.com
In a recent blog post, Google announced the introduction of the Accelerator-Optimized VM (A2) family on Google Compute Engine, based on the NVIDIA Ampere A100 Tensor Core GPU. A2 provides up to 16 GPUs in a single VM and is the first A100-based offering in the public cloud.
Google designed the A2-family of VMs to boost training and inference computing performance for its customers. The A2 features the NVIDIA A-100 Tensor Core graphics processing unit based upthe newly NVIDIA Ampere architecture. According to the blog post, the A-100 offers up to 20 times the compute performance compared to the previous generation GPU, and comes with 40 GB of high performance HBM2 GPU memory. Also, A2 VMs come with up to 96 Intel Cascade Lake vCPUs, optional Local SSDs for workloads requiring faster data feeds to GPUs and up to 100 Gbps of networking.
When customers have more demanding workloads, the A2 offers the a2-megagpu-16g instance with 16 A100 GPUs, which include a total of 640 GB of GPU memory, 1.3 TB of system memory and all-in-all connected through NVSwitch with up to 9.6TB/s of aggregate bandwidth.
Note that A2 also offers smaller configurations allowing customers to match their need for GPU compute power. Customers can choose between five configurations, from one to 16 GPUs, with two different CPU- and networking-to-GPU ratios - each GPU to be partitioned into as many as seven GPU instances, owing to Amperes multi-instance group (MIG) capability.
Ian Buck, general managerand vice president of Accelerated Computing at NVIDIA, wrote in a recent company blog post about the availability of the A-100 on GCP:
In cloud data centers, A100 can power a broad range of compute-intensive applications, including AI training and inference, data analytics, scientific computing, genomics, edge video analytics, 5G services, and more.
With the A2 family, VMs Google further expands its portfolio of predefined and custom VMs ranging from compute- to accelerator optimized machines. Moreover, the company continues to compete with other cloud vendors such as Microsoft, which recently released new general purpose and memory-optimized VM families on various Intel Chipsets (AVX-512) and AWS, which recently released EC2 Inf1 instances based on its Inferentia chips. Many of these new VM types are targeted for customers with AI and Machine Learning workloads.
Holger Mueller, principal analyst and vice president at Constellation Research Inc., told InfoQ:
The battle for cloud leadership is primarily fought in the AI battle, and that is all about getting the AI load of enterprises attracted to each vendor's cloud. In the middle are platform vendors like NVidia, that providea cross-cloud platform and on-premise option. So with Google bringing the newest Nvidia platform to its Google Cloud, it makes it easier for CxOs to move AI workloads across on-premises and to the (Google) cloud.
Also, he said:
With Google being the #3 vendor, it has to be more open and more creative at attracting load - and this is another example of the Google strategy. In contrast, the larger AWS and Azure strategy is still to move to cloud proprietary compute architectures for AI loads. CxOs need to be awarethat lock-in is still a desirable outcome for most technology vendors and needs to balance the risks between convenience, speed and lock-in.
Currently, the A2 VM family is in alpha, and customers can request access by signing up. Moreover, Google states that public availability and pricing information will come later in the year. And finally, the company also announced forthcoming Nvidia A100 support for Google Kubernetes Engine, Cloud AI Platform, and other services.
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Google Launches the First NVIDIA Ampere A100 GPUs in the Cloud with Computing Engine A2 VMs - InfoQ.com
64 Decentralized Applications Now Live on Blockchain Network Ontology, which Recently Became Google Cloud Partner – Crowdfund Insider
In June 2020, the Ontology (ONT) team celebrated two years since the launch of the Ontology mainnet, which aims to serve as a high-performance enterprise blockchain or distributed ledger technology (DLT) platform.
Last month, the blockchain developers also launched Ontology 2.0, which involved the integration of several key upgrades recommended by the DLT networks active community members.
The Ontology team noted:
Guaranteeing the future development and success of our ecosystem remains our number one priority and we want to make it as easy as possible for every individual to get involved in our network. This is why our new staking model, rolled out on 7th July, lowers the barrier for entry for users to stake their tokens and run a node.
Staking ONT tokens helps with securing the Ontology network. It also offers competitive rates (of return) which presently range from 7% up to 40% APY depending on the node. The Ontology developers claim that their rates are relatively high when compared to competing public chain staking yields and decentralized finance (DeFi) yields.
(For more details about staking ONT tokens and the benefits it offers to individual users, check here.)
As confirmed in Ontologys Weekly Report, for July 8 to July 14, 2020, the projects developers are working on layer 2 research for Ontologys back-end.
The progress report revealed that there are now 64 decentralized applications (dApps) that are live on Ontology. However, most of these apps hardly have any active users and dont offer very many useful features or use cases.
Ontology recently announced that it became an official Google Cloud partner, as three Ontology projects were reportedly accepted to Googles Cloud Partner Program.
As noted by the Ontology team:
The program will see the Ontology development team granted unique access to cutting-edge tools and technology, while also leveraging the support of the wider Google Cloud Partner ecosystem. Three of Ontologys projects have been accepted into the Google Cloud ecosystem, outlining new, innovative ways that Ontology has been working to integrate Googles cloud computing services.
Andy Ji, Co-founder of Ontology stated:
Collaborating with Google Cloud offers us the opportunity to demonstrate the real-world business value of integrating blockchain technology with other technological disciplines such as cloud computing, which is a vital step in bringing blockchain to mainstream use.
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64 Decentralized Applications Now Live on Blockchain Network Ontology, which Recently Became Google Cloud Partner - Crowdfund Insider
Meet Gaia X Europe’s answer to the power of U.S. and Chinese cloud giants – CNBC
Peter Altmaier (CDU), Federal Minister of Economics and Energy, speaks at the virtual Gaia-X expert forum of the Federal Ministry of Economics.
picture alliance
The two biggest economies in the European Union hope they have an answer to the domination enjoyed by American and Chinese companies in the cloud computing industry: Gaia X
Amazon, Microsoft, Google and Alibaba are the four main players globally when it comes to cloud services. However, European policymakers have grown anxious about their dependence on a small number of major tech companies, which aren't European.
That has been the case in particular since the United States enacted a law in 2018 that compels U.S. firms to hand in data to American authorities, even if the latter is stored elsewhere in the world. Germany and France have concerns that the data of European citizens is at risk.
"Gaia X is a two-fold approach to a problem we face in Europe and a problem that every company in the world faces right now," Marco-Alexander Breit, head of Task Force Artificial Intelligence at the German economy ministry, told CNBC's "Beyond the Valley" podcast.
"We combine infrastructure services like data storage, data processing in Europe, but it is open for participation even for companies that are not from European origin, as long as they stick to our rules and adhere to our standards," said Breit, who heads the Gaia X project in Germany.
It is about realizing that relying too much maybe on external players, whether they are American or Chinese or from anywhere else, is not great in the new economy...
Dexter Thillien
senior industry analyst, Fitch Solutions
The Franco-German project, born in 2018, aims to provide a secure infrastructure for data, while simultaneously allowing companies to move data across borders. Its overarching principle is to enable European nations to become digitally sovereign a concept that has gained traction in recent years and could prove challenging for the traditional tech giants.
It's a "first step toward a broader ambition," said Dexter Thillien, senior industry analyst at Fitch Solutions.
"It is about realizing that relying too much maybe on external players, whether they are American or Chinese or from anywhere else, is not great in the new economy where data is going to be more important, and you need a European alternative," he added.
More than 300 organizations worldwide are involved with the project so far, including Orange, Deutsche Telekom and SAP. The goal is to launch the infrastructure in late 2020 or early 2021.
Gaia X would, for instance, give health care providers the ability to exchange data and algorithms in a safe way with other hospitals in their proximity. That could in turn help with emergency transplants and other life-threatening conditions.
However, the initiative has to become more attractive than the big players if it wants to succeed, Thillien said.
"It is not going to be easy for that product to find its place," he said, citing budget and technical constraints.
The annual budget for Gaia X is 1.5 million euros ($1.7 million).
Nonetheless, Breit said he believes those seemingly limited financial resources "are not important."
"The X framework and the X entity has only the responsibilities to make the ecosystem work, to negotiate the standards, to negotiate the rules, and to provide standardized IPs for example to make the software run," he said, adding that the major advancements in artificial intelligence would remain a task for the big tech companies themselves.
IP, or internet protocol, refers to a set of rules that facilitates the movement of data across networks. There are varying IP standards.
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Meet Gaia X Europe's answer to the power of U.S. and Chinese cloud giants - CNBC
IBM strikes multi-year alliance with EY; one goal is to boost Red Hat cloud – WRAL Tech Wire
RESEARCH TRIANGLE PARK Fresh off a partnership agreement with Verizon to push edge computing, 5G and more, Big Blue also has signed a deal with global professional services firm EY. A major goal is to help customers speed up digital transformation and also utilize Red Hat OpenShift in hybrid cloud computing.
NotedArvind Krishna, IBMs Chief Executive Officer:
Expanding this global alliance bolsters our ability to bring our hybrid cloud and AI capabilities to clients. The EY organization is a leader in driving large and complex client transformations. Combining EY teams breadth of industry and regulatory knowledge, technology capabilities and longstanding strategy and business consulting leadership, with IBMs powerful technology and Red Hat OpenShifts open hybrid cloud portfolio, will play a key role in accelerating our clients journeys to the cloud.
COVID-19 is driving IBM, IT industry to deliver faster edge computing
Financial terms were not disclosed.
The deal was announced Friday.
Carmine Di Sibio, EY Global Chairman and CEO, said the partnership is built on providing differentiating and transformational business value for clients. As organizations learn how to adapt to todays new normal, leveraging the cloud, AI, analytics and other technologies have become increasingly important. IBM is a proven leader in hybrid cloud and AI, and together were developing innovative solutions to help provide the sustainability and resiliency that assist clients to operate and lead today, and in the years to come, as they reframe their future amidst an unpredictable and rapidly evolving environment.
According to the announcement:
IBM owns Raleigh-based Red Hat and employs several thousand people across North Carolina.
IBM, Verizon team up for 5G effort aiming to accelerate business solutions
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IBM strikes multi-year alliance with EY; one goal is to boost Red Hat cloud - WRAL Tech Wire
SaaS Cloud Computing Market Size By Product Analysis, Application, End-Users, Regional Outlook, Competitive Strategies And Forecast Up To 2026 – 3rd…
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COVID-19 Update: Global CLOUD COMPUTING IN RETAIL BANKING Market is Expected to Grow at a Healthy CAGR with top players China Unicom, Intuit, IBM,…
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Regions Covered in the Global CLOUD COMPUTING IN RETAIL BANKING Market: The Middle East and Africa (GCC Countries and Egypt) North America (the United States, Mexico, and Canada) South America (Brazil etc.) Europe (Turkey, Germany, Russia UK, Italy, France, etc.) Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
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COVID-19 Update: Global CLOUD COMPUTING IN RETAIL BANKING Market is Expected to Grow at a Healthy CAGR with top players China Unicom, Intuit, IBM,...