Category Archives: Cloud Computing

May rundown: Google Cloud’s nightmare and OpenAI’s ambition – ITPro

One of the most unexpected things to happen in May was a sudden outage at the Australian pension fund UniSuper.

After days of confusion and concern that the fund may have been hit by a cyber attack among its customer base, it emerged that Google Cloud had accidentally deleted UniSupers entire cloud subscription. We dive into what lessons businesses can learn from this freak event.

Also in May, OpenAI trumpeted its goal to unlock so-called artificial general intelligence (AGI) through new advancements. But is such a thing even possible, and who would it benefit?

This is obviously something that is a nightmare scenario for any company. But in fairness to both UniSuper and Google Cloud, it was rectified fairly quickly. I can imagine there were a few people at Google Cloud and both UniSuper that were scrambling and tearing their hair out for several hours over this.

In our coverage of the story, we spoke to a few people in the industry who emphasize the importance of multi-cloud. Its something that's been really growing in importance at enterprises over the last couple of years, the ability to mix and match cloud providers and hedge your bets in that regard.

Sam Altman, towards the end of last month revealed that they've started trainingit's next frontier large language model. Think the way that OpenAI described it was to quote bring us to the next level of capabilities on our path to artificial general intelligence, which sounds equally exciting and ominous.

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May rundown: Google Cloud's nightmare and OpenAI's ambition - ITPro

The Tech Transformation Trio: 3 Stocks Leading the Charge in AI, 5G, and the Cloud – InvestorPlace

Revolutionary technology is changing the world and leading to more gains for these stocks

Source: sdecoret / Shutterstock.com

Technology isevolving in three key areasright now: artificial intelligence (AI), fifth-generation (5G) wireless, and cloud computing.Taken together,these technologiesare expectedto revolutionize life as we know it in the coming decades.And while many technology companies play in each sandbox, a handful of companiesare dominating and pushingthe tech forward.

For investors looking togrow their portfolio,it isimportantto knowwhich companies are market leaders and advancing the technologies that are reshaping the world.Theseare thegrowth stocksthatcan be counted onto outperform the market and deliver outsized returns to shareholders for many years to come.Here is the tech transformation trio: three stocks leading the charge in AI, 5G, and the cloud.

Source: JHVEPhoto / Shutterstock.com

In AI, there isAdvanced Micro Devices(NASDAQ:AMD).While the company trails archrivalNvidia(NASDAQ:NVDA) in terms of microchips and semiconductors that run AI applications and models,the companyis working overtime tocatch-up.Early signs are encouraging. As part of itsfirst-quarter financial results, AMD reported that revenue at its Data Center unit grew 80% from a year earlier to $2.3 billion due to strong sales of its new MI300 series AI chip.

Due to overwhelming demand, AMD forecastedAI chip salesthis year to be $4 billion. Thats double the amount the company had telegraphed last fall. AMD noted that it has sold more than $1 billion worth of its MI300 AI chips since they launched at the end of last year. While the MI300 chip has only been available for six months, management at AMD says they are already working on new AI chips and successors to the current generation of processors. AMD stock has risen 40% in the last 12 months.

Source: RAMAN SHAUNIA / Shutterstock.com

In fifth-generation wireless, we haveVerizon Communications(NYSE:VZ). The telecommunications companys stock hasbeen on the riseafter better-than-expected Q1financial resultsand fewer losses among its wireless subscribers. At the end of April, Verizon reported Q1 EPS of $1.15 compared to the $1.12 thatwas expectedamong analysts. Revenue totaled $33 billion, which matched Wall Street forecasts.

Verizon credited the results to its flexible plans and streaming bundlesthat includediscounted prices for services such asNetflix(NASDAQ:NFLX).The company also reportedthat it lost68,000 monthly bill-paying wireless phone subscribers during Q1, which was much less thanan estimated loss of 100,000 subscribers. A year earlier, Verizon lost 127,000 wireless subscribers.

Verizon added that its customers are choosing its premium, customizable myPlan option, which has proven popular with consumers. Late last year, Verizon began offeringdiscounted subscriptionsto Netflix with its myPlan bundles. VZ stock has gained 13% over the past year.

Source: Tada Images / Shutterstock.com

E-commerce giantAmazon(NASDAQ:AMZN) isthe leader in cloud computingwith a 31% market share. Amazon Web Services (AWS), the cloud computing unit, is increasinglyimportantto theoverallcompany. In Q1 of this year, AWS recorded $25 billion in revenue, beating estimates of $24.5 billion. AWS accounted for 62% of Amazons total operating profit during the quarter.

In speaking to analysts and media, Amazon executives credited the companys growthlargelyto demand for cloud computing. The strong showing of AWS, which continues to dominate in the cloud space, powered Amazon to an EPS of 98 cents compared to the 83 cents thatwas forecaston Wall Street.Earnings more than tripledfrom 31 cents a year earlier. Total sales amounted to $143.3 billion, up 13%year over year.

AMZN stock has increased by 44% in the last 12 months.

On thedate of publication, Joel Bagloleheld a long position in NVDA. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelin

Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.

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The Tech Transformation Trio: 3 Stocks Leading the Charge in AI, 5G, and the Cloud - InvestorPlace

Cloud Security Alliance Survey Finds 70% of Organizations Have Established Dedicated SaaS Security Teams – Dark Reading

PRESS RELEASE

NATIONAL HARBOR, Md.--(BUSINESS WIRE)--Gartner Security and Risk Management Summit-- Seventy percent of organizations have prioritized investment in SaaS security, establishing dedicated SaaS security teams, despite economic uncertainty and workforce reductions. This was a key finding in the fourthAnnual SaaS Security Survey Report: 2025 CISO Plans and Prioritiesreleased today by theCloudSecurity Alliance(CSA), the worlds leading organization dedicated to defining standards, certifications, and best practices to help ensure a secure cloud computing environment.

Commissioned byAdaptive Shield, the leader in SaaS security, the survey found that 39% of organizations are increasing SaaS cybersecurity budgets compared to last year.

Coming off a year in which economic uncertainty and layoffs were making headlines, these results speak volumes to organizations realization that even the most secure systems are vulnerable to increasingly inventive threat actors, said Hillary Baron, lead author and Senior Technical Director for Research, Cloud Security Alliance.

Additional key findings include:

SaaS security dedicated teams are established.For the first time, the survey identified the existence of SaaS-specific security roles: 57% of respondents have a SaaS security team of at least two dedicated full-time employees and another 13% have allocated a dedicated full-time employee.

Organizations managed to improve their key SaaS security capabilities. Full visibility into the SaaS stack has nearly doubled since last year, leaving companies in much better positions when it comes to preventing breaches and detecting threats. Seventy percent of organizations report having moderate to full visibility into their SaaS applications.

SaaS security challenges stem from using the wrong tool. Organizations are still struggling to manage misconfigurations, connected apps, and visibility into security risks. The most difficult areas to manage in SaaS security, according to the respondents, are achieving visibility into business-critical apps (73%); tracking and monitoring security risks from third-party connected apps (65%); locating and fixing SaaS misconfigurations (65%); ensuring data governance and privacy (63%); and aligning SaaS application settings with compliance standards (61%). These challenges stem from using tools such as CASB and Manual Audits. Companies that have adopted SaaS Security Posture Management (SSPM) are more than twice as likely to have full visibility into their SaaS stack 62% of these organizations are able to oversee over 75% of their SaaS environment compared to those that utilize other tools and manual processes in their strategy (31%).

Despite challenges, SaaS security investment is paying off.The challenges presented clearly demonstrate that organizations are taking SaaS security seriously. In fact, the survey identified a positive trend: 25% of respondents experienced a SaaS security incident in the past two years, compared with 53% last year. The most common security incidents reported were data breaches (52%) and data leakage (50%), followed by unauthorized access (44%) and malicious applications (38%).

To be well-equipped to tackle todays most sophisticated threats, large enterprises now understand that investments in preventative methods are the right approach. Organizations have accumulated a wide range of tools that cover single use cases, leaving them exposed from new attack surfaces, and forcing them to manage many different solutions, said Maor Bin, CEO and co-founder, Adaptive Shield.

I am not surprised to see the major leap in SaaS maturity, this is 100% aligned with the exponential and rapidly growing demand we identify in the market. Just like Cloud Security Posture Management (CSPM) covers any security use case in Cloud Infrastructures, SaaS Security Posture Management (SSPM) is all about consolidation of SaaS security attack surfaces.

The survey was conducted online by CSA in January 2024 and received 478 responses from IT and security professionals representing large organizations in various industries and locations. CSAs research analysts performed the data analysis and interpretation for this report. Sponsors are CSA Corporate Members who support the research projects findings but have no added influence on the content development or editing rights of CSA research.

Review the completeAnnual SaaS Security Survey Report: 2025 CISO Plans and Priorities.

About Adaptive Shield

Chosen by hundreds of large enterprises, including numerous Fortune 500 companies,Adaptive Shieldcontinues to be the trusted SaaS Security Posture Management (SSPM) and Identity Threat Detection and Response (ITDR) platform that enables security teams to stay on top of their organizations apps, identities and any unusual user behavior in the SaaS ecosystem. Adaptive Shield leads the SaaS security space and is recognized with awards such as Gartner Cool Vendor, Frost & Sullivans Global Technology Innovation Leadership and the Global Infosec Awards 2024.

About Cloud Security Alliance

The Cloud Security Alliance (CSA) is the worlds leading organization dedicated to defining and raising awareness of best practices to help ensure a secure cloud computing environment. CSA harnesses the subject matter expertise of industry practitioners, associations, governments, and its corporate and individual members to offer cloud security-specific research, education, training, certification, events, and products. CSA's activities, knowledge, and extensive network benefit the entire community impacted by cloud from providers and customers to governments,entrepreneurs, and the assurance industry and provide a forum through which different parties can work together to create and maintain a trusted cloud ecosystem. For further information, visit us atwww.cloudsecurityalliance.org, and follow us on Twitter@cloudsa.

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Cloud Security Alliance Survey Finds 70% of Organizations Have Established Dedicated SaaS Security Teams - Dark Reading

Microsoft will build new $1B data center in northwest Indiana – Local News Digital

Courtesy-Microsoft Facebook page

LA PORTE, Ind. Governor Eric J. Holcomb announced Tuesday that Microsoft will invest $1 billion to establish a new data center in northwest Indiana. The new La Porte facility will create up to 200 jobs by the end of 2032. It will accelerate cloud computing infrastructure to support technology and artificial intelligence growth.

Indiana is committed to being a central hub in the global economy of the future, and this latest announcement ensures Hoosier communities and talent will be key to widespread advancements in cloud and artificial intelligence technology, said Gov. Holcomb.

Microsoft, headquartered in Redmond, Washington, will construct a new 245,000-square-foot data center on 489 acres at the Radius Industrial Park in La Porte. The campus will help power the Microsoft Cloud and support the next-level digital transformation spurred by the widespread adoption of cloud computing and AI (artificial intelligence). It will join the companys worldwide network of cloud computing infrastructure of more than 60 Azure regions, more than 300 data centers, over 280,000 kilometers of network, and over 190 edge sites.

The technology company will look to fill several positions, including critical environment engineers, IT technicians and managers, inventory and asset technicians and managers, security personnel, and site managers.

The timeline for construction and operations of the new data center is dependent on the design, planning, and permitting process, which will start in cooperation with the City of La Porte later this year.

Tuesdays news marks Indianas fourth strategically located major planned data center announcement in 2024. Together, these Fortune 500 businesses plan to invest $14.8 billion in cloud computing and storage infrastructure in communities and regions across Indiana, creating 1,500 new jobs in Fort Wayne, Jeffersonville, La Porte, and New Carlisle.

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Microsoft will build new $1B data center in northwest Indiana - Local News Digital

Cisco CEO Chuck Robbins thinks AI adoption is going to be like the cloud transition on steroids – ITPro

Cisco CEO Chuck Robbins set out his case for why the tech giant will play a key role as enterprises seek to harness AI to improve their operations, and how the networking company has learned from early days of the cloud computing rush.

In the opening keynote of the Cisco Live event, held in Las Vegas this week, Robbins said enterprises were now dealing with massive complexity and businesses often have less control over the services they are using.

I remember the old days. It was simple: everyone sat in our offices and I had a private data center and everything was within my walls, he told attendees.

Its not the case anymore: you dont have control of some of the assets. Youre leveraging core technology in your technology architecture that you have to place a lot of faith in. You dont have the control of everything like you used to.

Its a problem thats been growing rapidly in recent years. But with the emergence of generative AI over the last 18 months, one that enterprises globally must grapple with to unlock the power of AI and deliver tangible business benefits.

This process, however, will undoubtedly place additional pressure on enterprise IT teams. Robbins said that many companies are trying to figure out use cases for generative AI and that there's going to be lots of pressure on IT to deploy the technology fast.

My guess is much like the cloud era, he said. If you were around when the big cloud transition began, and all the cloud hype started, every CEO I knew was pressuring all of you to get to the cloud and they had no idea why, other than everybody says we should be in the cloud, so lets go.

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I think AI is going to be that on steroids because my peers, and Ive heard it from them because they are all asking me [are saying] 'If we dont move quickly my competitors might kill us, I dont know what they might do with AI that will put us at an incredible competitive disadvantage.'

One thing that Robbins wants to be different from the cloud computing rush will be Ciscos response. The company has learned vital lessons over the last decade, and appears keen to avoid the same pitfalls encountered during the early days of the cloud.

From the Cisco perspective, many of you would probably tell us that when the cloud era hit, we perhaps werent as prepared as we should have been. I will tell you today as this AI era begins we are very, very prepared to help you navigate this as we go forward, Robbins said.

Cisco used the keynote to showcase a number of technologies which it said can help customers navigate the complexity of their infrastructure, such as extended capabilities for its ThousandEyes monitoring software to spot problems across corporate networks and the cloud, plus a raft of security updates.

The networking giant also announced a $1 billion investment fund to support AI startups, and has already pledged support for Mistral, Cohere, and Scale AI as part of the scheme. Robbins said Cisco wasnt just investing in generative AI companies for the return, however. This is all about creating closer collaborative relationships with dynamic innovators in the AI space.

Part of our investment thesis is that unique co-development activities that we can enter into to bring you more innovative solutions and help you navigate the AI transition, he said.

We're going to bring services to you to help you understand how to navigate the AI journey, how you get started, how you choose the right LLMs, and whats the difference between some of these companies and what their capabilities are and how they can help you, Robbins said.

Later, at the executive panel he said that when forming partnerships with AI companies, Ciscos enterprise relationships are seen as a very attractive proposition.

Many of these partners dont have enterprise go-to-market and they are going to lean on us, which gives us an opportunity to play a very strategic role for enterprises as they think through how to deploy a lot of this emerging technology, he said.

Robbins added that Splunk, Ciscos largest-ever acquisition, will play a key role in helping with some of the challenges facing enterprise IT organizations. Gary Steele, former CEO of Splunk, and now Ciscos president of Go-to-Market took to the stage to make the case.

One of things thats happened is we are drowning in data, everyone struggles with this issue today and long gone are the days when you can centralize across a multi-cloud hybrid world and bring all that data to one spot, he said.

Our fundamental philosophy is that we can bring the analytics to the data. Think about the most cost-effective place to store that data and well bring the analytics to the data.

AI is the catalyst that makes all of this much more predictive. We can be so much better being able to look all the way down the stack and the infrastructure and to the network and understand what is happening, leveraging that data to ultimately be predictive to prevent these outages.

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Cisco CEO Chuck Robbins thinks AI adoption is going to be like the cloud transition on steroids - ITPro

Cloud Management In The Age Of Rapid Cloud Adoption – International Business Times

Spending on cloud services is expected to top $678.8 billion by 2024, up from $312 billion just three years prior. As businesses scramble to take advantage of the cloud's flexibility, security, and cost savings, a new priority has emerged: cloud management mastery.

Cloud management is the practice of controlling an organization's cloud computing resources and services. However, true mastery goes far beyond spinning up virtual machines. It's about ensuring apps perform on disparate cloud platforms and maintain data portability and business continuity. It's about demonstrating compliance and governing access. Most importantly, it's about maximizing the transformative potential that the cloud unlocks.

Cloud management is often necessary as companies increasingly rely on the cloud, because manually handling all the complexity can become impossible. The different environments, services, pricing models, and more may quickly spiral out of control. Robust cloud management allows organizations to centrally govern their entire cloud footprint for efficiency, security, cost optimization, and more.

However, that's often more easily said than done. The core challenge is that major cloud platforms like AWS, Azure, and Google Cloud aren't all cut from the same cloth. Each has proprietary services, pricing models, and APIs that must be tamed. Solutions that work brilliantly on one may fizzle on another. Teams find themselves having to become fluent multi-cloud systems or risk getting steamrolled.

That's where cloud management platforms (CMPs) come in. Adept at handling all cloud management issues, these platforms are polyglot interpreters of the cloud universe. They promise to provide a centralized hub for deploying resources, monitoring costs, enforcing policies, and managing access across any combination of public and private clouds. CMPs strive to help organize, govern, automate, and measure an enterprise's total cloud estates.

There are open-source options like Kubernetes cluster managers and cloud-native tooling from the Big 3 providers themselves. Cloud security platforms also play a crucial role.

While cloud management platforms help organize and optimize cloud operations, cloud security platforms aim to protect those cloud environments from threats. Vendors like Wiz, Lacework, and Palo Alto Networks provide comprehensive cloud security solutions covering areas like vulnerability management, compliance monitoring, network security, and incident response. As cloud footprints rapidly expand, these specialized security platforms are becoming essential in companies' cloud strategies alongside CMPs.

Choosing the right solution requires breaking through the market noise. The most capable CMPs and security providers facilitate self-service, automate tedious processes, and provide granular cost insights. They serve as command centers for disaster recovery, resource optimization, and centralized identity management.

Savvy organizations realize their cloud journey is a multi-year marathon, not a sprint. Stopping to catch their breath and get their cloud management strategies right is a worthy investment. Those who master this discipline will stay ahead in the never-ending arms race toward operational excellence.

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Microsoft ramps up AI, cloud infrastructure in Sweden with $3.2 billion investment deal – ITPro

Microsoft has announced plans for its largest ever investment in Sweden in a bid to expand cloud and AI infrastructure.

The $3.2 billion investment aims to accelerate Sweden's introduction of AI and create long-term benefits for the Swedish economy, the tech giant confirmed.

The company said it also hopes to increase the country's long-term competitiveness by training up a quarter of a million people in AI skills.

"Our investment in Sweden is proof of our confidence in this nation, its government and its potential as a leading player in the AI era," said Brad Smith, vice chair and president at Microsoft.

"This announcement is about more than just technology. It is a commitment to ensure broad access to the tools and skills needed for Sweden's population and economy to flourish in the AI era."

With the new investment, the company's second in the country in the last three years, Microsoft will expand its cloud and AI infrastructure and add 20,000 advanced GPUs to its existing data center regions in Sandviken, Gvle, and Staffanstorp.

Working with Swedish partners including Boliden, Gunnebo, Kry, Lindex, and Region Vsterbotten, the company also plans to give 250,000 Swedes - around 2.4% of the entire population - necessary AI skills.

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"AI acts as a catalyst for innovation and drives progress and growth in many industries. In order to fully realize Sweden's potential, we must embrace AI to unlock new opportunities, streamline processes and create solutions to complex challenges," said Johannes Schildt, CEO at Kry.

"Together with Microsoft, we are already seeing good results in how AI reduces administrative tasks and enables our healthcare staff to better focus on patient care."

The training will include technical and vocational training for students designed to help develop their AI skills, tailored education for retraining in industry-specific professions, and expert training in AI for developers.

To guide the programs, the company is establishing an AI Insights Council that brings together leaders in academia, business, and the public sector. The program will be run in collaboration with partners and representatives from, among others, the Employment Service, Linkping University, TechSverige, and partners within Microsoft's Responsible AI Innovation Center.

"Microsoft is committed to increasing accessibility and accelerating the introduction of AI throughout the Nordics, including Denmark, Finland, Iceland, Norway and Sweden," Smith commented.

"We will connect our AI investments to programs and partnerships that support individuals, businesses and long-term economic growth across the region."

Big tech investment in the Nordics has surged in recent years amid a flurry of deals across the region.

In late May, Google announced plans to invest $1 billion to expand data center infrastructure in Finland, for example. The move will see the tech giant use data center waste heat to fuel nearby homes and businesses.

Google has deep ties in Finland, having previously pumped 600 million into expanding data center operations in Hamina.

For both Microsoft and Google, proximity to renewable energy sources has been a key factor in their ongoing expansion across the region. Earlier this year, Google broke ground on its first Norwegian data center, which it said will be 99% carbon free.

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Microsoft Overtakes AWS with Global Data Center Dominance – Korea IT Times

Cloud Computing Giants Expand Data Center Footprints with Updated Strategies

In recent developments, leading cloud computing companies Microsoft and Amazon have made notable progress in expanding their data center infrastructures, seeking to address the ever-increasing demand from their customers. According to Stocklytics, Microsoft has achieved a significant milestone by establishing over 300 data centers globally, thereby surpassing Amazon Web Services (AWS). This achievement highlights Microsofts assertive growth strategy in the cloud computing sector.

Stocklytics financial analyst, Edith Reads, mentioned that Microsoft is enhancing its data center footprint to cater to the burgeoning demand for high-performance computing (HPC), which is critical for AI workloads. This expansion includes modernizing existing facilities and improving infrastructure to efficiently support customer requirements. In addition, Microsoft has collaborated with Vodafone to refine data center strategies, aiming to provide generative AI, digital services, and cloud solutions to over 300 million businesses and consumers across Europe and Africa.

State of the Cloud Infrastructure Market

Although Microsoft has taken the lead in the number of data centers this year, AWS is not far behind with 215 data centers. Google trails with a substantially lower number of 25 data centers. Despite these figures, Microsoft, Google Cloud, and Amazon Web Services still dominate the cloud services market, together capturing 75% of the $76 billion spent on cloud infrastructure services in the first quarter of 2024. Despite AWS maintaining a 31% market share, it experienced a slight dip from 32% in Q1 2023. Meanwhile, Microsoft saw its market share grow from 24% at the end of 2023 to 25%, indicating positive momentum for the company. Google holds an 11% market share in this competitive landscape.

The growth in Microsofts market share signifies its expanding prominence in cloud infrastructure. Its incremental gain from the previous quarter reflects the company's upward trajectory in cloud capabilities development.

Contrastingly, companies like Meta and Apple have significantly fewer data centers, with counts at 24 and 10, respectively. Despite their lower data center numbers and market shares, these firms, along with other smaller entities, contributed to a $13.5 billion increase in overall cloud market expendituresa 21% rise from the previous year. This growth underscores a robust push by technology firms to advance cloud technologies.

Microsofts Future Data Center Expansion Plans

Since July 2023, Microsoft has secured over 500MW of additional data center space. This expansion paves the way for a potential 5GW of IT capacity available for development. Consequently, the company is set to build twice the number of data centers within the next six months of Q1 2024, accounting for 1GW of capacity and targeting a total of 1.5GW for the first half of 2025.

Furthermore, Microsoft plans to invest approximately $2.9 billion in data center infrastructure in Japan and about $3.16 billion in the UK, particularly for a new data center in North Yorkshire.

To enhance service provision, Microsoft aims to increase the geographical distribution of its data centers. This strategy is intended to bring services closer to customers, minimize network latency, and provide geo-redundant backup and failover capabilities.

Updated Insights for 2025 and Beyond

As cloud computing continues to evolve, Microsofts goal is to maintain its leadership by further expanding its data center capabilities and continuing its collaboration with strategic partners. The company's future ventures are likely to involve more innovative approaches to data center efficiency and sustainability. With the ever-growing demand for cloud services fueled by digital transformation and AI advancements, Microsofts ongoing efforts in enhancing its infrastructure footprint will play a vital role in shaping the future of cloud computing.

Source:Stocklytics

Korea IT Times

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Microsoft Overtakes AWS with Global Data Center Dominance - Korea IT Times

Healthcare Cloud Computing Market – Global Industry Analysis and Forecast (2023-2029) – openPR

Healthcare Cloud Computing Market

Healthcare Cloud Computing Market Overview:

Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the " Healthcare Cloud Computing Market". The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The report provides the current state of the Healthcare Cloud Computing market by thorough analysis, and projections are made up to 2029.

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The Healthcare Cloud Computing Market Report uses a wid

e research technique and scope to give readers a thorough understanding of the Healthcare Cloud Computing market's environment, trends, and growth-promoting factors. A wide range of topics are covered in this report, such as the size of the market, its main drivers, opportunities, difficulties, and a competitive analysis. A comprehensive research methodology involving primary and secondary research techniques along with strong data analysis is used in the study to provide insights into the present Healthcare Cloud Computing market scenario and future estimates.

It gives stakeholders a comprehensive understanding of the Healthcare Cloud Computing market by examining numerous market categories and geography. The gathered data is subjected to sophisticated statistical techniques and instruments in order to obtain insightful analysis and accurate projections.

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The research report assessed the state of the Healthcare Cloud Computing market, paying particular attention to regional trends, in North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The regional analysis offers details on the Healthcare Cloud Computing market circumstances in each of the study's numerous participating countries.

Healthcare Cloud Computing Market Segmentation:

by Pricing Model 1. Pay-as-you-go 2. Spot Pricing

by Component 1. Hardware 2. Software 3. Service

by Deployment Model 1. Private Cloud 2. Public Cloud 3. Hybrid Cloud

by Service Model 1. Software-as-a-service (SaaS) 2. Infrastructure-as-a-service (IaaS) 3. Platform-as-a-service (PaaS)

by Application 1. Nonclinical Information Systems 1.1. Revenue Cycle Management (RCM) 1.2. Automatic Patient Billing (APB) 1.3. Cost Accounting 1.4. Payroll Management Systems 1.5. Claims Management 1.6. Others

by End-User 1. Healthcare Providers 2. Healthcare Payers

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Healthcare Cloud Computing Market Key Players:

1. Oracle Corp. 2. Microsoft Corp. 3. EMC Corp. 4. Cisco Systems Inc. 5. VMWare, Inc. 6. Merge Healthcare, Inc. 7. Iron Mountain, Inc. 8. IBM Corporation 9. Global Net Access (GNAX) 10. Dell Inc. 11. Cleardata Networks, Inc. 12. Carestream Health, Inc. 13. Carecloud Corporation 14. Athenahealth, Inc.

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Microsoft, Hitachi Sign $18.9B Generative AI Partnership – AI Business

Hitachi will leverage Microsofts AI and cloud services through a multiyear, multibillion-dollar partnership.

Under the three-year deal, Hitachi will integrate Microsoft cloud services, including the Azure OpenAI Service, into its digital solutions business, Lumada.

Lumada will gain access to OpenAI models through the Azure service, which will aid it in building customers' digital solutions.

Lumada will also have access to GitHub Copilot to assist developers with coding tasks and productivity tools through Copilot for Microsoft 365.

The companies estimate the joint generative AI efforts will generate $18.9 billion in revenues for Lumada in 2024 alone.

Hitachis Lumada is already using Microsofts Generative AI for JP1 Cloud Services to accelerate IT response times.

Hitachi and Microsoft have already been working on a variety of co-creation projects including the development of next-generation digital solutions for the manufacturing and logistics fields and the development of a field-extended metaverse that runs on Microsoft Teams, said Keiji Kojima, Hitachis president and CEO. Under this new agreement, we are excited to further accelerate social innovation by expanding our efforts to social infrastructure areas such as energy and mobility, and by applying generative AI, to improve the productivity of frontline workers, which will become even more important in the future.

Related:Microsoft Launches AI Copilot+ PCs: Fastest, Smartest Windows Devices Yet

Hitachi itself will also leverage Microsofts Copilot solutions to improve worker productivity. It plans to train staff to use generative AI solutions, including Microsofts suite of services.

The Japanese company will also use Azure OpenAI Service to use multimodal foundation models like GPT-4o to improve its customer service efforts.

The partnership will also involve joint cloud-focused projects utilizing generative AI for data center security and sustainability.

Hitachis Railway business already runs a generative AI-powered predictive maintenance tool on Microsoft Azure.

We are entering a new era of AI with the promise to deliver transformative business outcomes across every role and industry, said Satya Nadella, Microsofts chair and CEO. Our expanded partnership with Hitachi will bring together the power of the Microsoft Cloud, including Microsoft Copilot, with Hitachis industry expertise to improve the productivity of 270,000 Hitachi employees and help address customers biggest challenges, including sustainability.

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Microsoft, Hitachi Sign $18.9B Generative AI Partnership - AI Business