Category Archives: Cloud Computing
IBM’s big bet on cloud computing, AI and open source needs to pay off soon – ZDNet
And so, after eight years spent leading one of the world's oldest and most famous technology businesses, IBM's CEO Ginni Rometty will step down in April. Stepping up to the CEO role is Arvind Krishna, who currently serves as the senior VP for the company's cloud and cognitive software unit.
When the news came out on Thursday, IBM's shares jumped as much as 5%. Fingers can easily be pointed at Rometty's mixed legacy: during her tenure, the company's stock price dropped over 25% and while the company has been keen to trumpet its artificial intelligence work (in the form of IBM Watson), and its reinvention as a cloud company (thanks to Red Hat) there is still plenty of work to do if IBM is to ever approach its former glories.
Sure, the latest earnings published by IBM earlier this month beat Q4 expectations. But the $77 billion yearly revenue revealed by the company still stands awkwardly small next to its competitors. Apple's annual turnover, for instance, is a dwarfing $261 billion. And while IBM has made some big acquisitions it has also been criticised for spending billions on share buy-back programs as well.
SEE: Cloud v. data center decision (ZDNet special report) | Download the report as a PDF (TechRepublic)
For a company that was a tech giant before there were tech giants, IBM's performance in the last decade has been underwhelming, to say the least. In 1985, IBM's turnover of $50 billion was effectively larger than its next dozen competitors combined.
The glory days are gone, or so it seems. But blaming Ginni Rometty's leadership for the company's shortcomings would equally be a serious jump to conclusions. "IBM is on a journey to modernize, and it needs time to do that, because it is a huge corporation," Nicholas McQuire, senior VP at CCS Insights, told ZDNet.
"Ginni Rometty made some very good decisions, so that now IBM is ready. But it's only in the latter part of her leadership that the strategy has started to come together."
Behind grim earning numbers, there are some positive signs, he added and a closer look confirms his optimism. IBM's earnings report shows that the company's cloud and cognitive software segment is actually up 9% year-on-year, and generated $7.2 billion in revenue in the last quarter of 2019.
Unlike some of its competitors, like AWS for example, IBM did not start as a cloud service. But when Amazon launched its cloud platform in 2002, it quickly became evident that the IT company would not survive on hardware and software sales from its traditional divisions, IBM global business services (GBS) and global technology services (GTS).
It was largely Rometty who started the company's transition from its lower-margin businesses to what the company now calls "strategic imperatives" such as cloud services.
IBM was a latecomer to the cloud-computing revolution: it was only in 2013, under Rometty's leadership, that the IT giant bought SoftLayer, which formed the basis of the company's cloud division. Since then, Rometty has been vocal about transforming IBM into a cloud provider fit for modern customers.
Another milestone of her tenure was IBM's acquisition of open-source software company Red Hat in 2018. In a $34 billion deal the biggest deal ever in the open-source community IBM suddenly opened its portfolio of cloud applications to the imagination of open-source developers, and demonstrated at the same time that it was trying its best to build a modern and flexible cloud platform for its customers.
Kate Hanaghan, chief research officer at research firm TechMarketView, told ZDNet: "It was a big, bold move just what is needed in today's market. There is a lot riding on getting the integration to bear fruits rapidly."
The issue is that although Red Hat's acquisition, and IBM's overall switch to cloud offerings, is indeed delivering, it is not yet successful enough to compensate for the weakness in other areas. While revenue from Red Hat was up 24% in Q4 2019, IBM's global technology services division was down 5% year-on-year for the same time period.
"The lack of growth comes down to this balance of revenue streams," said Hanaghan. "In other words, large and established services negatively countering growth in newer areas. Unlocking that massive challenge is not an overnight job."
As it finds itself in the middle of the cloud-computing revolution, therefore, IBM is having to revamp its entire business model one that has been established for decades, and across a billion-dollar company that includes many different business units.
Should it scrap the low-margin traditional divisions entirely to focus on emerging technologies? That would be "madness", according to Hanaghan. IBM still has a large customer base paying for legacy services like datacenter infrastructure, for example. Although GBS and GTS are struggling to grow, they can't "just be turned off", she added.
SEE:2020s are the decade of commercial quantum computing, says IBM
Rather, new leadership will have to make sure that IBM successfully, and gradually, pushes through the modernization process started by Rometty. For McQuire, the scale of the challenge is the main reason that the company is lagging behind; and it is only a matter of time before IBM starts seeing better days.
"Rometty rightly pushed IBM into the cloud, but the difficulty now is to apply the vision to the entirety of IBM," he said. "They are setting themselves up, and there is still a lot of work to do, but they are set for a much better next chapter."
That is not to say that Krishna should sit back, relax, and wait for the seed planted by his predecessor to grow. To succeed in the ever-more competitive cloud-computing space, IBM will still have to show that it can offer innovative services.
In that respect, acquiring Red Hat was a smart move; but the company will need to do even better. Following IBM's latest earnings report, Morgan Stanley analysts cut their rating on the company, writing in their report that they saw long-term revenue growth as "less likely without a more meaningful shift in the portfolio".
"If Krishna is to really shift the pattern of IBM's top line," said Hanaghan, "we'll need to see more bright new ideas and some brave decision making." That means a few big decisions like the ones made by Rometty.
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IBM's big bet on cloud computing, AI and open source needs to pay off soon - ZDNet
Amazon’s AWS to invest $236 million in Brazil to strengthen cloud infrastructure – WTVB News
Wednesday, February 05, 2020 8:26 a.m. EST
By Gabriela Mello
SAO PAULO (Reuters) - The cloud computing unit of U.S. Amazon.com Inc will invest 1 billion reais ($236.18 million) in the Brazilian state of Sao Paulo over the next two years, the state government said on Wednesday, to strengthen its infrastructure in South America.
"With this major investment by AWS, Amazon's cloud computing business, we will create more jobs, technology and also opportunities for startups," governor Joo Doria said in the statement.
The move comes as the company also strives to expand its in online retailing in the increasingly competitive Brazilian market, where well-established local players pose a challenge to international rivals.
In December, almost a year after launching its first in-house fulfillment and delivery network in Brazil, Amazon.com announced plans to open a new distribution center in the northeastern state of Pernambuco.
(Reporting by Gabriela Mello, editing by Louise Heavens)
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Amazon's AWS to invest $236 million in Brazil to strengthen cloud infrastructure - WTVB News
Global Healthcare Cloud Computing Market 2020-2024| Introduction of Blockchain in Cloud Computing to Boost the Market Growth | Technavio – Yahoo…
The global healthcare cloud computing market is expected to grow by USD 25.54 billion during 2020-2024, according to the latest market research report by Technavio. Request a free sample report
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200130005458/en/
Technavio has announced its latest market research report titled global healthcare cloud computing market 2020-2024 (Graphic: Business Wire)
Research collaborations have been increasing in recent years, particularly in the field of healthcare. Healthcare establishments and organizations involved in research initiatives require systems with high computational capabilities. Deploying cloud computing in healthcare ecosystems offers various advantages, including cost savings, enhanced flexibility, and system scalability to the organizations. Furthermore, the use of cloud computing also facilitates better collaborative research among various healthcare researchers and other stakeholders. The cloud computing modules designed for the healthcare ecosystem helps healthcare professionals make precise decisions while prescribing appropriate medications to their patients. Thus, growing collaborations among different stakeholders of the healthcare industry will drive the healthcare cloud computing market.
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41148
As per Technavio, the introduction of blockchain in cloud computing will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.
Healthcare Cloud Computing Market: Introduction of Blockchain in Cloud Computing
Rising deployment of cloud computing systems in the healthcare industry have increased data and information theft, resulting in cybersecurity issues. However, the implementation of blockchain in healthcare IT infrastructure will help in achieving greater data security, streamlining claims, managing the billing process, and ensuring integrity within the drug supply chain and health research. Also, blockchain-enabled systems reduce breaches during data exchange and offer greater ownership to patients about their data and records. As a result, with the growing awareness of benefits provided by blockchain technology, vendors in the healthcare industry are collaborating with cloud computing companies to develop blockchain-based healthcare management systems.
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"Introduction of edge computing, integrated service offerings for the healthcare industry, and development of hyper-converged infrastructure (HCI) are a few other factors that will boost market growth during the forecast period," says a senior analyst at Technavio.
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Healthcare Cloud Computing Market: Segmentation Analysis
This market research report segments the healthcare cloud computing market by product (SaaS, IaaS, and PaaS) and geography segmentation (North America, APAC, Europe, South America, and MEA).
North America led the healthcare cloud computing market share in 2019, followed by Europe, APAC, South America, and MEA. The North American region is expected to register the highest incremental growth due to the increasing adoption of cloud computing by healthcare institutes and the launch of various cloud computing products.
Technavios sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
Some of the key topics covered in the report include:
Product Segmentation
Geographic segmentation
North America
APAC
Europe
South America
MEA
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
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Global Healthcare Cloud Computing Market 2020-2024| Introduction of Blockchain in Cloud Computing to Boost the Market Growth | Technavio - Yahoo...
IBM Tops U.S. Patent List for 2019 With Innovations in AI, Blockchain, Cloud and Quantum Computing – Database Trends and Applications
IBM inventors received 9,262 U.S. patents in 2019, achieving a milestone of most patents ever awarded to a U.S. company, and marking the company's 27thconsecutive year of U.S. patent leadership.
In 2019,IBM led the industryin the number of U.S. patents granted across key technology areas such as AI, blockchain, cloud computing, quantum computing and security.
In 2019, according toIFI CLAIMS Patent Services,provider of a global patent data platform, U.S. patent filings hit an all-time high with 333,530 patents granted, representing an unprecedented 15% increase from 2018.
IBM was awarded more than 1,800 AI patents, including a method for teaching AI systems how to understand and deduce the nuances and implications behind certain text or phrases of speech by analyzing other related content.
IBM also led in the number of blockchain patents granted, which includes several patents for improving the security of blockchain networks. One patented technique would help in resisting "replay attacks," where an attacker copies and uses signature information from one transaction on a blockchain to later perform other transactions on the blockchain that are not authorized.
IBM inventors were granted more than 2,500 patents in cloud technology, including a patent for a method to jointly manage cloud and non-cloud computing platforms. Working with a unified portal, this technique receives, organizes and streamlines incoming cloud and non-cloud tasks and requests, which could help organizations easily migrate to hybrid cloud platforms.
IBM's quantum computing program continued to grow in 2019. Quantum computing innovations by IBM included a method to scale a quantum computer to support additional qubits, as well as enabling a breakthrough approach for simulating molecules.
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IBM Tops U.S. Patent List for 2019 With Innovations in AI, Blockchain, Cloud and Quantum Computing - Database Trends and Applications
Get Ahead in Your IT Career With High-Demand Azure Certifications – Interesting Engineering
Cloud computing dominates some of the most important subsections of technology. As the driving force behind everything from online storage to the most advanced Google search algorithms and online marketing campaigns, cloud services are playing an increasingly important role when it comes to the ways in which we interact with each other and the world.
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With 11 courses and over 700 lessons led by industry professionals, this in-depth training will give you the skills and credentials you need to become an in-demand cloud computing pro.
After an introduction to the basic terminology of the field, youll dive into more advanced Microsoft Azure topicsranging from network administration, cybersecurity, problem-solving, data storage, and more.
All of your instruction is geared toward helping you ace the exams for some of the most important Azure certificationsincluding the AZ-203, AZ-103, AZ-300, and AZ-900 certificationsand there are plenty of helpful resources to keep you on track along the way.
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Is It Time to Retreat on Qorvo? – Motley Fool
Radio frequency chipmaker Qorvo (NASDAQ:QRVO) experienced phenomenal growth in 2019, with the stock's value increasing by more than 90%. Considering the stock's high growth last year, should investors consider taking profits now and reallocating the money to a competitor with better growth prospects for 2020?
Let's discuss Qorvo's story. The success comes from its unique competitive strengths in wireless communication technologies such as 5G networks, cloud computing, and Internet of Things (IoT)technology. This has allowed the company to provide positive revenue growth for the past two quarters.
Its recent fiscal third-quarter 2020 earnings topped analysts' expectations, making it the fourth consecutive time the company beat Wall Street's consensus. Following the report on Jan. 29, Qorvo's stock is trading lowerby nearly 9%.
Image source: Getty Images.
Qorvo is a radio frequency chipmaker, meaning its transmitters allow for communication over radio waves as well as the collection of data. Qorvo's business is made up of several clients, including smartphone manufacturers and the military and defense and aerospace industries.
Smartphones use radio frequency technology. Many people can identify it as the 4G/LTE/WiMax signals that keep phones connected to the internet. Currently, there's a major shift happening in the smartphone industry, as carriers are upgrading their technology to offer the newest 5G bands.
Qorvo wants to be at the forefront of this transition. 5G technology promises to make mobile internet access faster, allow communication between devices, and speed up technological advancement. Its adoption will support the growth of other technologies such as cloud computing and IoT.
Qorvo's technology can also help businesses improve their operations.Cloud computing allows users to access data and applications much more quickly. IoT facilitates the connection of devices so they can communicate and transmit data back and forth, and allows businesses to collect insights and identify gaps within their operations. Qorvo's products can help businesses advance technology and allow for growth into new industries.
Considering the rising demand for these innovations, Qorvo's future looks bright. Investors should monitor new developments that could lead to a potential increase in its stock value over the long term.
Qorvo beat on both top- and bottom-line results, posting a revenue of $869.1 million and earnings per share of $1.86, exceeding Wall Street's consensus by $16.5 million and $0.18, respectively. This will be the fourth consecutive time Qorvo posted an earnings beat, all due to the demand in 5G adoption.
The mobile segment of the company focused on products such as 5G also exceeded the company's expectations, bringing in revenue of over $662 million.The guidance for total revenue was $852.6 million, and revenues increased by 1.94%. The strongest demand came from Asian consumers and was driven by a desire for 5G products.
However, compared to last year, Qorvo's infrastructure and defense products (IDP) segment provided mixed results. Defense products for military and aerospace provided higher volumes, while infrastructure products remained down because of trade restrictions.
CFO Mark Murphy expressed his confidence in the next quarter with continued demand for 5G and strength in the defense segment. "Our revenue outlook for the March quarter reflects continued robust mobile 5G demand and a return to year-over-year growth for IDP," he said.
The growth in these segments is expected to continue for years to come, as the focus of 5G adoption will occur globally. Investors should monitor the developments in this space as the company seems poised for profitability.
Qorvo offers long-term value for its investors. The company increased its revenue by 36.8% since last year and showed continued consecutive revenue growth in the past three quarters.
Metric
Q3 2020
Q2 2020
Q1 2020
Sales/Revenue
$869.1 million
$806.7 million
$775.6 million
Sales growth
7.73%
4.01%
13.91%
Data source: The Wall Street Journal.
The company has made strategic moves to expand its pipeline of products. In 2019, Qorvo acquired two companies: Cavendish Kinetics Limited for $305.9 million and Active-Semi International for $307.9 million.Both of these companies will strengthen its portfolio of products focused on IoT, 5G, infrastructure, and defense. In addition, Qorvo recently partnered with Nordic Semiconductor to strengthen its IoT portfolio for battery-powered devices. The company's focus on the long-term growth in these segments represents its goals for profitability and more profits for investors.
Qorvo's closest competitors include Skyworks Solutions (NASDAQ:SWKS) and Qualcomm (NASDAQ:QCOM). Skyworks Solutions competes with Qorvo in both its mobile device and IDP segments, and the company recently posted positive earnings with sales far above analyst expectations. Qualcomm is an early supplier of 5G chips and continues to dominate the market share of the smartphone market with roughly 43% revenue. Both of these companies may pose a threat to Qorvo as they are suppliers to Apple(NASDAQ:AAPL). With Apple scheduled to launch a 5G phone later this year, Skyworks Solutions and Qualcomm appear to be positioned for short-term success with a profitable future ahead.
With that in mind, investors should consider the current valuation of Qorvo by looking at itsPEG ratio. This metric provides an accurate valuation measure, and investors should understand that a value of 1 is a perfect correlation between P/E ratio and projected earnings growth. A value greater than 1 implies overvaluation, while a ratio of less than 1 suggests undervaluation. Qorvo has a PEG ratio of 1.79. When comparing this metric to its peers Skyworks Solutions (1.25) and Qualcomm (0.79), Qualcomm has the advantage.
Investors considering investing in Qorvo for its exposure to consumer trends like 5G should consider buying Qualcomm in the short-term.Qorvo provides stability with its continued revenue growth and focus on further developments in the 5G, IoT, and cloud computing spaces.
When considering a longer term horizon, Qorvo's portfolio continues to build with partnerships and acquisitions. This strategy will help Qorvo stay at the forefront of the competition when the 5G growth saturates in years to come. Although Qualcomm is a better buy today, Qorvo's strengths in IoT and delivering products for defense and aerospace will help the company come out on top in the long run.
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Is It Time to Retreat on Qorvo? - Motley Fool
Esker Achieves Most Successful Year in Company History in 2019 – Business Wire
MIDDLETON, Wis.--(BUSINESS WIRE)--Esker, a worldwide leader in AI-driven process automation solutions and pioneer in cloud computing, recently announced that it has achieved its most successful year in company history. Driven by its commitment to delivering comprehensive, industry-leading solutions, Eskers 2019 sales revenue grew 20% over the previous year.
Last year confirmed the growing success of Eskers solutions and the recurring nature of our business model, said Steve Smith, U.S. chief operations officer at Esker. Eskers cloud-based solutions remain the foundation of the companys development, and we expect to again achieve double-digit organic growth in 2020.
In light of this growth, Esker was named a winner in the 2018-19 Cloud Awards Program in the B2B Customer Strategy category for its excellence and innovation in cloud computing.
2019 Highlights
In 2019, Esker gained several notable clients across a variety of industries that were ready to further their digital transformation goals. Highlighted below are several customers that experienced significant results following the implementation of Eskers AI-driven automation solutions, including:
A sharp rise in the value of new contracts signed fueled Eskers growth in 2019, with the cumulative value of new contracts signed in 2019 up 41% compared to 2018. In addition, Eskers continued focus on enhancing the customer experience led to many existing customers expanding their contracts and implementing additional solutions last year.
As the volume of invoices we received continued to rise, we quickly realized we needed a solution that would help us streamline our AP processes, said Tim Verkamp, Director of Operations Technology at OFS Brands Holdings. Because Eskers solution frees up staff to focus on more strategic tasks, were now in a great position to handle current and future growth.
Esker also experienced growth in 2019 via partnerships with several leaders in the industry, including:
Solutions advancements
In 2019, Esker introduced new deep-learning, auto-recognition technology called Esker Synergy to support its Order Management solution. This expert neural network uses Artificial Intelligence (AI) and neural networks to extract data from documents, improving first-time recognition of orders.
In addition, Esker achieved SAP-certified integration with the SAP S/4HANA Cloud. This certification provides businesses with the assurance that Eskers intelligent automation solutions are enabled to work with their SAP S/4HANA Cloud software and be compatible with future upgrades.
About Esker
Esker is a worldwide leader in AI-driven process automation software, helping financial and customer service departments digitally transform their procure-to-pay (P2P) and order-to-cash (O2C) cycles. Used by more than 6,000 companies worldwide, Eskers solutions incorporate artificial intelligence (AI) technology to drive increased productivity, enhanced visibility, reduced fraud risk, and improved collaboration with customers, suppliers and internally. Founded in 1985, Esker operates in North America, Latin America, Europe and Asia Pacific with global headquarters in Lyon, France, and U.S. headquarters in Madison, Wisconsin. For more information on Esker and its solutions, visit http://www.esker.com. Follow Esker on Twitter @EskerInc and join the conversation on the Esker blog at blog.esker.com.
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Esker Achieves Most Successful Year in Company History in 2019 - Business Wire
Middle East Cloud Applications Market expected to obtain $4.5 billion by 2024 according to a new research report – WhaTech Technology and Markets News
Middle East Cloud Applications Market report provides detailed synopsis about opportunities, competitive landscape, emerging technologies, key trends and dynamics.
According to a new market research report"Middle East Cloud Applications Marketby Application (ERP, CRM, HCM, SCM, and Business Intelligence and Analytics), Organization Size, Vertical (BFSI, Manufacturing, and Telecommunications), and Country - Forecast to 2024", published by MarketsandMarkets, the Middle East Cloud Applications Market expected to grow from USD 2.0 billion in 2019 to USD 4.5 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 17.5% during the forecast period.
The growing demand for cloud-based services and advanced technologies, increasing need to engage with customers, and deliver an enriched experience continuously are some of the major factors driving the growth of the Middle East cloud applications market.
Browse in-depth TOC on"Middle East Cloud Applications Market38- Tables 28- Figures 110- Pages
Download PDF Brochure atwww.marketsandmarkets.com/pdfdown=262938413
Among applications, cloud-based CRM applications to grow at a higher rate during the forecast period
Cloud Customer Relationship Management (CRM) enables enterprises to store and utilize customer data at scale to offer better services and manage relationships with customers. Cloud-based CRM is gaining popularity among enterprises due to various benefits it offers, such as easy accessibility, affordability (especially for Small and Medium-sized Enterprises [SMEs]), rapid implementation, easy upgradation, scalability, and integration capability with other data sources.
Cloud-based CRM applications centralize the customer database and provide a comprehensive view of all interactions with customers, offer instant access to real-time insights of sales opportunities, and automate task management processes. With ease of use and affordability, it increases customer retention rates making business more successful.
Salesforce, Zoho, Oracle, Microsoft, and Oracle are some leading vendors offering cloud CRM.
The retail and consumer goods vertical is one of the fastest-growing verticals in the region
Factors driving the adoption of cloud applications are the rising purchasing power of customers and the need to satisfy customer expectations, which leads to existing customer retention and new customer acquisition.
Online retailing and cloud technologies have significantly disrupted the retail and consumer goods vertical leading to the adoption of cloud computing mainly for storage, backup, and security services. Cloud computing services enable retailers to access customer data with just 1 click from any store located anywhere, thus leading to better customer service delivery.
This store is leveraging the private cloud to store its data and manage all operations, such as conducting real-time inventory tracking, enabling employees to focus on delivering enhanced customers experience, and business critical activities.
Saudi Arabia to have the largest market size during the forecast period
Saudi Arabia is accelerating the adoption of Information Technology (IT) services in recent years. The countrys regulatory body, Communications and Information Technology Commission (CITC) has regulated Cloud Computing in Saudi Arabia by publishing the Cloud Computing Regulatory Framework (CCRF) on its website.
The CCRF aims to provide clarity and certainty on the rights and obligations of Cloud Service Providers (CSPs) and users of cloud services. This shows the interest of the government to accelerate the adoption of cloud-based services in this country.
The key factors driving the adoption of the cloud technology in this country include reduced costs, improved infrastructure efficiency, and enhanced scalability.
Report:www.marketsandmarkets.com/speakto=262938413
Major vendors offering Middle East cloud applications across the globe includes SAP (Germany), Oracle (US), Microsoft (US), Infor (US), Salesforce (US), Sage Group (UK), IBM (US), Epicor (US), 3I Infotech (India), Ramco Systems (India), Prolitus Technologies (India), IFS (Sweden), and QAD (US).
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Middle East Cloud Applications Market expected to obtain $4.5 billion by 2024 according to a new research report - WhaTech Technology and Markets News
Amazon releases quarterly results returning it to $1trn club – Gigabit Magazine – Technology News, Magazine and Website
Amazon has announced its fourth quarter results for January 2020, with the ecommerce firm bucking the trend of struggling retail organisations worldwide.
The quarter ended 31 December 2019, and thus includes the lucrative Christmas season. Key takeaways include the fact that, year-on-year, quarterly sales rose by 21% to $87.4bn. For 2019 as a whole, net sales were up 20%, reaching $280.5bn.
In an earnings call with shareholders, Amazons Senior Vice President and Chief Financial Officer, Brian T. Ovlasky, put the companys success down to a combination of factors. I would not isolate it to any one set of customers or products. I think it's been pretty broad-based and it's kind of the combination of a lot of work on adding new products and features, adding to our sales and marketing teams and having better penetration in enterprise customers and hitting a lot of varied, and different industries.
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The company also forecast its results for the first quarter of 2020, expecting them to be up between 16 and 22% year on year.
In a press release accompanying the news, Amazons CEO Jeff Bezos said that more people joined Prime this quarter than ever before, and we now have over 150 million paid Prime members around the world, and also hailed the success of the companys video division: Prime members watched double the hours of original movies and TV shows on Prime Video this quarter compared to last year, and Amazon Originals received a record 88 nominations and 26 wins at major awards shows.
The results have returned Amazon to the $1trn club, alongside the likes of Apple, Microsoft and recently, Alphabet Inc.
(Image: Amazon)
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Amazon releases quarterly results returning it to $1trn club - Gigabit Magazine - Technology News, Magazine and Website
Healthcare Cloud Computing World Market Analyses; 2014-2019 & 2020-2026 – Yahoo Finance
DUBLIN, Jan. 17, 2020 /PRNewswire/ -- The "Healthcare Cloud Computing Market Size, Share & Trends Analysis Report By Application, By Deployment Model (Private, Public, Hybrid), By Pricing Model, By Service Model, By End Use (Providers, Payers), And Segment Forecasts, 2019 - 2026" report has been added to ResearchAndMarkets.com's offering.
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The global healthcare cloud computing market size is expected to reach USD 27.8 billion by 2026, exhibiting a CAGR of 11.8% over the forecast period.
The associated benefits of data analytics and increase in demand for flexible & scalable data storage by healthcare professionals is expected to drive the demand for these services over the forecast period.
Healthcare organizations are digitalizing their IT infrastructure and deploying cloud servers to improve features of systems. These solutions help organizations in reducing infrastructure cost & interoperability issues and aid in complying with regulatory standards. Hence, rising demand from health professionals to curb IT infrastructure costs and limit space usage are anticipated to boost market growth over the forecast period.
Increase in government initiatives undertaken to develop and deploy IT systems in this industry is one of the key drivers of this market. Moreover, increase in partnerships between private & public players and presence of a large number of players offering customized solutions are some of the factors anticipated to drive demand in the coming years.
Further key findings from the study suggest:
Key Topics Covered
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary2.1 Market Outlook2.2 Segment Outlook2.3 Competitive Insights
Chapter 3 Healthcare Cloud Computing Market Variables, Trends, and Scope3.1 Market Lineage Outlook3.1.1 Parent market outlook3.1.2 Ancillary market outlook3.2 Penetration & Growth Prospect Mapping3.3 User Perspective Analysis3.3.1 Consumer behavior analysis3.3.2 Market influencer analysis3.4 List of Key End Users3.5 Regulatory Framework3.6 Market Dynamics3.6.1 Market driver analysis3.6.2 Market restrain analysis3.6.3 Industry challenges3.7 Healthcare Cloud Computing: Market Analysis Tools3.7.1 Industry analysis - Porter's3.7.2 PESTLE analysis3.7.3 Major deals and strategic alliances3.7.4 Market entry strategies
Chapter 4 Healthcare Cloud Computing Market: Segment Analysis, by Application, 2014-2026 (USD Million)4.1 Definition and Scope4.2 Application Market Share Analysis, 2018 & 20264.3 Segment Dashboard4.4 Global Healthcare Cloud Computing Market, by Application, 2015 to 20264.5 Market Size & Forecasts and Trend Analyses, 2015 to 20264.5.1 Clinical information systems4.5.2 Non-clinical information systems
Chapter 5 Healthcare Cloud Computing Market: Segment Analysis, by Deployment Methods, 2014 - 2026 (USD Million)5.1 Definition and Scope5.2 Deployment Methods Market Share Analysis, 2018 & 20265.3 Segment Dashboard5.4 Global Healthcare Cloud Computing Market, by Deployment Methods, 2015 to 20265.5 Market Size & Forecasts and Trend Analyses, 2015 to 20265.5.1 Private cloud5.5.2 Public cloud5.5.3 Hybrid cloud
Chapter 6 Healthcare Cloud Computing Market: Segment Analysis, by Pricing Model, 2014 - 2026 (USD Million)6.1 Definition and Scope6.2 Deployment Methods Market Share Analysis, 2018 & 20266.3 Segment Dashboard6.4 Global Healthcare Cloud Computing Market, by Pricing Model, 2015 to 20266.5 Market Size & Forecasts and Trend Analyses, 2015 to 20266.5.1 Pay-as-you-go6.5.2 Spot pricing
Chapter 7 Healthcare Cloud Computing Market: Segment Analysis, by Services Model, 2014 - 2026 (USD Million)7.1 Definition and Scope7.2 Deployment Methods Market Share Analysis, 2017 & 20267.3 Segment Dashboard7.4 Global Healthcare Cloud Computing Market, by Service Models, 2015 to 20267.5 Market Size & Forecasts and Trend Analyses, 2015 to 20267.5.1 Software-as-a-service7.5.2 Infrastructure-as-a-Services7.5.3 Platform-as-a-Service
Chapter 8 Healthcare Cloud Computing Market: Segment Analysis, by End Use, 2014 - 2026 (USD Million)8.1 Definition and Scope8.2 End-use Methods Market Share Analysis, 2018 & 20268.3 Segment Dashboard8.4 Global Healthcare Cloud Computing Market, by End Use, 2015 to 20268.5 Market Size & Forecasts and Trend Analyses, 2015 to 20268.5.1 Healthcare providers8.5.2 Healthcare payers
Chapter 9 Healthcare Cloud Computing Market: Regional Market Analysis, 2014 - 2026 (USD Million)9.1 Definition & Scope9.2 Regional Market Share Analysis, 2018 & 20269.3 Regional Market Dashboard9.4 Regional Market Snapshot9.5 Regional Market Share and Leading Players, 20189.6 SWOT Analysis, by Factor (Political & Legal, Economic and Technological)9.7 Market Size, & Forecasts, Volume and Trend Analysis, 2018 to 20259.8 North America9.9 Europe9.10 Asia-Pacific9.11 Central & South America9.12 MEA
Chapter 10 Healthcare Cloud Computing Market - Competitive Analysis10.1 Recent Developments & Impact Analysis, by Key Market Participants10.1.1 Ansoff Matrix10.1.2 Heat Map Analysis10.2 Company Categorization10.2.1 Innovators10.3 Company Profiles10.3.1 NextGen Healthcare10.3.2 Carestream Corporation10.3.3 INFINITT Healthcare10.3.4 Dell Inc.10.3.5 NTT DATA Corporation10.3.6 Sectra AB10.3.7 Allscripts10.3.8 Ambra Health10.3.9 Nuance Communications10.3.10 Siemens Healthineers
Chapter 11 KOL Commentary11.1 Key Insights11.2 KOL Views
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Healthcare Cloud Computing World Market Analyses; 2014-2019 & 2020-2026 - Yahoo Finance