Category Archives: Cloud Computing
Cloud Computing Server Market Expected to Deliver Dynamic Progression until 2028| Intel, IBM, Amazon Web Services (AWS), Microsof – Exclusive Industry…
The Cloud Computing Server Market report gives a purposeful depiction of the area by the practice for research, amalgamation, and review of data taken from various sources. The market analysts have displayed the different sidelines of the area with a point on recognizing the top players (Intel, IBM, Amazon Web Services (AWS), Microsof, Dell, Huawei, Oracle, Google Cloud Platform, Salesforce, Rackspace, SAP, Oracle, China Information Technology (CNT)) of the industry. The Cloud Computing Server market report correspondingly joins a predefined business market from a SWOT investigation of the real players. Thus, the data summarized out is, no matter how you look at it is, reliable and the result of expansive research.
This report mulls over Cloud Computing Server showcase on the classification, for instance, application, concords, innovations, income, improvement rate, import, and others (Banking, Financial Service, Insurance, Healthcare, Telecom and IT, Government, Public Utilities) in the estimated time from 20192025 on a global stage. In like manner, the overall Cloud Computing Server market report reveals knowledge identified with the type of product, its applications, customers, prime players, and various components agreeing with the account. This first data demonstrates critical contenders and their definite picture of the general Cloud Computing Server market. Other than this, the report further demonstrates expected market power, challenges, and prospects in the Cloud Computing Server market.
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Types Segment:Type I, Type II
Key Market Features:
The scope of the report extends from market eventualities to a comparative rating between major players, price, and profit of the required market regions. This makes available the holistic view on competitive analysis of the market. Some of the top players involved in the market are profiled completely in a systematic manner. In the end, the report concludes the new project, key development areas, business overview, product/services specification, SWOT analysis, investment feasibility analysis, return analysis and development trends. The study also presents a round-up of vulnerabilities in which companies operating in the market and must be avoided in order to enjoy sustainable growth through the course of the forecast period.
The study provides a comprehensive analysis of the key market factors and their latest trends, along with relevant market segments and sub-segments. Market size is calculable in terms of revenue (USD Million) production volume during the forecast period.
Global Cloud Computing Server Market report provides a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. The report also looks at the influential factors that are affecting the development of the Global Automotive Bumpers Market. This statistical report also offers various internal and external driving as well as restraining factors for this research report.
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Essential application areas of Cloud Computing Server are also measured on the basis of their performance. Market forecasts along with the statistical nuances presented in the report render an insightful view of the Cloud Computing Server market. The market study on report studies present as well as coming aspects of the Cloud Computing Server Market mainly based upon factors on which the companies contribute to the market evolution, key trends, and segmentation analysis.
The scope of the report extends from market eventualities to a comparative rating between major players, price, and profit of the required market regions. This makes available the holistic view on competitive analysis of the market. Some of the top players involved in the market are profiled completely in a systematic manner.
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Cloud Computing Server Market Expected to Deliver Dynamic Progression until 2028| Intel, IBM, Amazon Web Services (AWS), Microsof - Exclusive Industry...
Healthcare Cloud Computing Market – Global Forecast to 2024 – Increasing Adoption of Big Data Analytics, Wearable Devices, and IoT in Healthcare -…
DUBLIN, Dec. 9, 2019 /PRNewswire/ -- The "Healthcare Cloud Computing Market by Product (EMR/EHR, PACS, VNA, PHM, Telehealth, RCM, CRM, Fraud Management), Service (SaaS, IaaS), Deployment (private cloud, hybrid cloud), Pricing (Pay as you go), Component (Software) - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The global healthcare cloud computing market size is projected to reach USD 51.9 billion by 2024, from an estimated USD 23.4 billion in 2019 at a CAGR of 17.2% during the forecast period.
The key factors driving the growth of this market include the increasing adoption of big data analytics, wearable devices, and IoT in healthcare and the advantages of cloud usage, such as improved storage, flexibility, and scalability of data. However, concerns over data security and privacy are expected to restrain the growth of this market.
By product, the healthcare provider solutions segment is expected to grow at the highest CAGR during the forecast period (2019-2024)
Based on the product, the healthcare cloud computing industry is segmented into healthcare providers' solutions and healthcare payer solutions. The healthcare provider solutions segment accounted for the largest share of the healthcare cloud computing market in 2018. The large share and high growth of this segment can be attributed to the growing population and rising prevalence of diseases, leading to an increasing volume of patient data generated globally.
By service model, the software as service segment is expected to grow at the highest CAGR during the forecast period (2019-2024)
Based on the service model, the healthcare cloud computing market is segmented into software-as-a-service (SaaS), infrastructure-as-a-service (IaaS), and platform-as-a-service (PaaS). The SaaS segment commanded the largest share of the healthcare cloud computing market in 2018. The SaaS model offers several advantages over on-premise solutions, such as security, the lower total cost of ownership, faster deployment time, and limited up-front capital expenses.
However, the IaaS segment is expected to grow at the highest CAGR during the forecast period. This model does not need any upfront charges, bandwidth utilization fees, or minimum term commitments, owing to which the adoption of IaaS is expected to increase in the coming years.
North America to witness the highest growth during the forecast period (2019-2024)
North America accounted for the largest share of the global healthcare cloud computing market from 2019-2024. The large share of North America in this market is attributed to the increasing adoption of Electronic Health Records (EHRs) among medical professionals, the incentive-driven approach of government health IT programs, and active participation by private sector players in the region's industrial development.
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Companies Mentioned
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Healthcare Cloud Computing Market - Global Forecast to 2024 - Increasing Adoption of Big Data Analytics, Wearable Devices, and IoT in Healthcare -...
Intelligent Cloud: Transforming the Future of Computing – Analytics Insight
Advances in technology have entirely changed the work of the world, making the future smarter and more obvious. In this way, artificial intelligence has already made significant transformations in every major industry in the market nowadays. Also, the world is witnessing a distinct change in application infrastructure as a large number of companies shifting to the cloud environment. However, since AI is changing at a rapid pace, cloud computing is entering in its new mode Intelligent Cloud.
Enabled by AI and the public cloud, the intelligent cloud is pervasive computing for each type of intelligent application and system businesses can envisage. As enterprises look for more information to garner greater business outcomes, it increasingly becomes evident the era of the Intelligent Cloud has arrived. Businesses that can cultivate the power of the intelligent cloud will make themselves as the frontrunner of this space and stand out over the competition.
Right now, many executives in enterprises are seeking to gauge beyond descriptive analytics that can define their past performance patterns. So, to get more insights that lead to more favorable business outcomes, the intelligent cloud here will be very constructive. By leveraging it, enterprises can attain greater insights that result in more profitable business outcomes.
There is no doubt that automation and intelligent systems are now being implemented to perform significant business functions, providing a useful database to organizations. AI has become a core technology in every industry where decision-making is being fundamentally transformed by thinking machines. So, the need for smarter and faster decision-making and the management of big data is the driving factor behind the trend.
Currently, business leaders across the industries seek out to gain more from their cloud applications than they are getting today. They want the ability to garner greater insights with prescriptive and cognitive analytics. Also, they are asking for new apps that can offer them the flexibility of changing selling behaviors swiftly. In an IDC report, almost 35 percent of all production apps will be cloud-native by 2022.
The explosion of data brought by the use of IoT and apps, along with the increasing demand for real-time decision-making paves the way for AI becoming a key differentiator and requirement for major cloud providers.
By practicing AI-as-a-service, enterprises worldwide can innovate solutions to those difficult to crack problems. Thus, outsourcing AI in this way can enable companies to focus primarily on powering and creating their apps. In the coming years, the major distinguishing factor between competing vendors in the intelligent cloud space will be how the technology is deployed to advance business processes and strategies.
Amazon, for instance, recently became the first public cloud provider to integrate artificial intelligence with cloud storage to assist customers by securing data. Named as Amazon Macie, the companys new service relies on machine learning to automatically explore, classify and secure sensitive data stored in AWS.
So, the intelligent cloud holds with it the ability to learn from a massive amount of data, making predictions and thus ending up assessing situations. This seems to be an invaluable platform to perform tasks with greater efficiency and pace.
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Intelligent Cloud: Transforming the Future of Computing - Analytics Insight
Partnership of the Year: A 4-year cloud degree pathway – Education Dive
George Mason University and Northern Virginia Community College (NOVA) were already working together when Amazon announced it would put its second headquarters in their backyard.
A few months before the announcement, the colleges had begun enrolling students in a new transfer pathway, called Advance. It built on an existing partnership that had moved around 3,000 students annually from the community college to the university. Advance strengthened the agreement, streamlining student support for admissions, financial aid and advising.
Around 100 degree programs are eligible for Advance. And one of the latest additions shows how colleges can build on existing relationships to meet employers'demand for tech talent while fulfilling their mission of expanding access to postsecondary education.
Although its second headquarters is new, Amazon has had a presence in the region which is part of the Washington, D.C., metro area for years, particularly through Amazon Web Services (AWS). During that time it has become a hot market for tech jobs, home to the largest concentration of data centers worldwide and a proliferation of government contractors and software companies.
Driving much of the demand for cloud-related jobs, AWS has taken a proactive approach to building its talent pipeline, partnering with community colleges in several states to integrate cloud computing in the curriculum through certificates and degrees. Colleges they work with say partnering with the vendor ensures the content stays current and provides access to tools needed for hands-on learning.
In 2018, NOVA added a cloud computing specialization developed with AWS to its associate of applied science degree in information systems technology.
For George Mason, it became a "natural decision"to build on NOVA's work and offer the third and fourth year of courses to students through Advance, said Liza Wilson Durant, a professor and associate dean for strategic initiatives and community engagement at the university.
In June, the trio announced they were offering a bachelor's degree in cloud computing. Students can start at NOVA and transfer to George Mason to finish the program.
"We're really reaching the population that we've committed to serve, which is students from all backgrounds and all socioeconomic experiences,"Wilson Durant said. "So why not offer (cloud education) to them as well as to our students that elect to come to Mason as freshmen?"
Community colleges like NOVA, meanwhile, are focusing more attention on these types of relationships, which give students a roadmap for transferring to a four-year college or finishing their credentials in a timely manner.
Ken Eisner, director of worldwide education programs at AWS, sees community colleges as a "great flywheel" for their local communities and education broadly. He expects AWS will look more to four-year institutions as well.
"Students have to scaffold to higher levels of attainment, whether it's directly out of school or over time," he said. "We want to make sure that students have strong pathways both into and out of the workforce and into higher levels of learning and skill development."
For the cloud degree, AWS provided the instructional design support, frameworks for building out the curriculum, access to subject matter experts and use of its tools, Eisner said.
"We want to make sure that students have strong pathways both into and out of the workforce and into higher levels of learning and skill development."
Ken Eisner
Director of worldwide education programs, AWS
Wilson Durant noted that aligning the curriculum with NOVA at the outset saved time and helped ensure students could complete the program in four years. And while teaching a curriculum developed with a single vendor can have its limitations, she said instructors "will bring their own lens" to teach the subject matter. The desired learning outcomes, she added, "are agnostic of the platform."
Eisner expects the relationship to "grow and find arms."One example of that is the partnership announced this summer between NOVA and AWS to offer data intelligence training courses for U.S. Marines that also count toward an associate degree in information systems technology.
Chad Knights, NOVA's provost of information and engineering technologies, told Education Dive at the time that the agreement gave the school the freedom to innovate because they knew they'd be able to fill the seats.
Eisner also sees the potential to expand cloud education online through NOVA and George Mason and is encouraged by the access they provide to underserved students. "They serve as foundational institutions in helping us think about how to scale this across the entire commonwealth,"he said.
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Partnership of the Year: A 4-year cloud degree pathway - Education Dive
Staying ahead in the cloud computing arena – New Straits Times
IT'S time of the year again where the cloud computing community from all over the world congregate at the Venetian Hotel in Las Vegas, US, for the Amazon Web Services (AWS) re:Invent 2019.
The yearly mega event is a learning conference by AWS for the global cloud computing community. This year, the event features keynote announcements, training and certification opportunities, access to more than 2,500 technical sessions, a partner expo, and after-hours events.
Sharing what Amazon has on the shelves for businesses - big or small - developers and also professionals, CEO Andy Jesse delivered a long but exciting keynote on the many benefits of cloud computing, plus AWS' new solutions to an huge audience of 65,000.
While facing fierce competition from rivals like Oracle, Google, Microsoft, Alibaba and IBM, AWS is confident of still leading the cloud computing market.
According to Gartner, AWS is still top vendor, owning nearly half of the overall public-cloud infrastructure market with 47.8 percent marhet share, leading by a wide margin Microsoft (15.5 percent), Alibaba (7.7 percent), Google (4 percent), and IBM (1.8 percent).
Here are all of AWS re:Invent Keynote Services Announcement Overview delivered by Jassy:
INFRASTRUCTURE INNOVATION
* AWS Outposts are fully managed and configurable racks of AWS-designed hardware that let customers run their workloads on premises and seamlessly connect with the broad array of AWS services in the cloud using the same operating model and infrastructure they currently useproviding for a truly consistent hybrid experience.
* AWS Local Zones is a new type of AWS infrastructure deployment that places AWS compute, storage, database and other select services closer to large population, industry, and IT centres. With the opening of a Local Zone in Las Vegas, LA-based customers, for example, can now run workloads in AWS that require single-digit millisecond latencies to end-users.
* AWS Wavelength enables developers to build applications that deliver single-digit millisecond latencies to mobile devices and users by deploying AWS compute and storage at the edge of the 5G network.
* AWS is collaborating with Verizon, Vodafone, KDDI, and SK Telecom to make 5G applications with single-digit millisecond latencies possible for wireless customers in the US, Europe, Japan, and Korea.
* AWS Fargate for Amazon EKS makes it easier than ever for customers to deploy, manage, and scale Kubernetes workloads on AWS.
SECURITY SOLUTIONS
* Amazon Detective is a new security service that makes it easy for customers to conduct faster and more efficient investigations into security issues across their workloads.
* AWS IAM Access Analyzer is a new AWS Identity and Access Management (IAM) capability that makes it simple for security teams and administrators to audit resource policies for unintended access.
* AWS Nitro Enclaves is a new Amazon EC2 capability that makes it easy for customers to process highly sensitive data by partitioning compute and memory resources within an instance to create an isolated compute environment.
SUPPLYING ANALYTICS
* Amazon Managed Cassandra Service is a scalable, highly available, and fully managed database service that supports Cassandra workloads.
* Amazon Redshift RA3 instances let customers scale compute and storage separately and deliver three times better performance than other cloud data warehouse providers.
* AQUA (Advanced Query Accelerator) for Amazon Redshift provides a new innovative hardware accelerated cache that delivers up to ten times better query performance than other cloud data warehouse providers.
* Amazon Redshift Data Lake Export allows customers to export data directly from
* Amazon Redshift to Amazon S3 in an open data format (Apache Parquet) optimised for analytics.
* Amazon Redshift Federated Query lets customers analyse data across Amazon Redshift data warehouse, Amazon Simple Storage Service (S3) data lake, and Amazon RDS and Aurora (PostgreSQL) databases.
* UltraWarm is a new warm storage tier for Amazon Elasticsearch Service at up to one-tenth the current cost that makes it easier for customers to retain any amount of current and historical log data.
COMPUTATIONAL CAPABILITIES
* Arm-based versions of Amazon EC2 M, R, and C instance families, powered by the new AWS-designed Graviton2 processors, deliver up to 40 per cent improved price or performance over comparable x86-based instances.
* Amazon EC2 Inf1 instance is a new Amazon EC2 machine learning instance, which features the AWS-designed Inferentia chips, and offers the fastest and lowest cost machine learning inference in the cloud.
* AWS Compute Optimizer is a machine learning-powered instance recommendation engine that makes it easy to choose the right compute resources.
* New AWS Transit Gateway capabilities, including support for native IP multicast protocol, integration with SD-WAN partners to enable easier and faster connectivity between customers branch offices and AWS, and provides a new capability to make it much easier to manage and monitor their global network from a single pane of glass.
* VPC Ingress Routing allows customers to easily deploy third-party appliances in their VPC for specialised networking and security functions.
MACHINE LEARNING CAPABILITIES
* AWS Contact Lens adds a set of capabilities for Amazon Connect enabled by machine learning that gives contact centres the ability to understand the sentiment, trends, and compliance of customer conversations to improve customer experience and identify crucial customer feedback.
* Amazon SageMaker Studio is the first fully Integrated Development Environment (IDE) for machine learning, delivering greater automation, integration, debugging, and monitoring for the development and deployment of machine learning models.
* Amazon SageMaker Notebooks allows developers to spin up elastic machine learning notebooks in seconds and automates the process of sharing notebooks with a single-click.
* Amazon SageMaker Experiments helps developers visualise and compare machine learning model iterations, training parameters, and outcomes.
* Amazon SageMaker Autopilot allows developers to submit simple data in CSV files and have machine learning models automatically generated, with full visibility to how the models are created so they can impact evolving them over time.
* Amazon SageMaker Debugger provides real-time monitoring for machine learning models to improve predictive accuracy, reduce training times, and facilitate greater explainability.
* Amazon SageMaker Model Monitor detects concept drift detection to discover when the performance of a model running in production begins to deviate from the original trained model.
ARTIFICIAL INTELLIGENCE SERVICES
* Amazon Kendra reinvents enterprise search by using natural language processing other machine learning techniques to unite multiple data silos inside an enterprise and consistently provide high quality results to common queries instead of a random list of links in response to keyword queries.
* Amazon CodeGuru helps software developers automate code reviews and identify an applications most expensive lines of code.
* Amazon Fraud Detector helps businesses identify online identity and payment fraud in real-time, based on the same technology developed for Amazon.com.
* Amazon Transcribe Medical offers healthcare providers highly accurate, real-time speech-to-text transcription, so they can focus on patient care.
* Amazon Augmented Artificial Intelligence (A2I) helps machine learning developers validate machine learning predictions through human confirmation.
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Staying ahead in the cloud computing arena - New Straits Times
Cloud Computing Market 2019: Future Investment Initiatives, Growing with Technology Development, New Innovations, Competitive Analysis and Forecast…
The industry study on Global Cloud Computing Market deliver a recent industry information and advanced future tendency. Likewise, highlights the Cloud Computing market forecast for 2024, top vendors, different analysis, and drivers. Furthermore, the Cloud Computing market size, trade facts discussion and market share evaluation helps to understand entire Cloud Computing industry accordingly. Besides that, it lists business outlook, revenue, and consumption Cloud Computing market by countries.
The aim of the global Cloud Computing market research report is to describe crucial segment and competition of the Cloud Computing industry. That contains Cloud Computing analysis, regional segment, competing factors and other analysis. Then Cloud Computing study provides decisive analysis of dynamic competition which helps you to stay forward. It helps in making essential Cloud Computing business decisions by having complete insights of Cloud Computing market as well as by making an in-depth analysis of different segments.
Get a sample of the report from https://www.orbisreports.com/global-cloud-computing-market/?tab=reqform
Global Cloud Computing Market 2019 Top Players:
Amazon Web ServicesMicrosoft AzureIBMAliyunGoogle Cloud PlatformSalesforceRackspaceSAPOracleVmwareDELLEMC
The global Cloud Computing industry report is a beneficial source of perceptive data for a business approach. It presents the Cloud Computing market overview with growth analysis together with historical & futuristic cost. Further identifies the Cloud Computing revenue, specifications, company profile, demand and supply data (if applicable). This facilitates the reader to gain a precise view of the Cloud Computing competing landscape and plan the strategies accordingly.
The research analysts elaborate the Cloud Computing value chain and its distributor analysis in detail. The Cloud Computing market study illustrates thorough information which improves the scope, application, and understanding of Cloud Computing report. The world Cloud Computing Market report consists an entire industry overview to provide consumers with a complete concept of the Cloud Computing market situation and its trends. The extensive view of the Cloud Computing research is pursued by application, segmentation, and regional analysis of the market. This ensures that Cloud Computing clients get good knowledge about each section. Also explains facts about worldwide Cloud Computing market and key pointers in terms of its growth and sales.
Segmentation of the World Cloud Computing Industry Report:
The report describes an in-depth analysis of the key Cloud Computing industry players coupled with the profiles and their tendency towards the market. The report carries an independent division of Cloud Computing market key players. That analyzes Cloud Computing price, cost, gross, revenue, specifications, product picture, company profile, and contact information.
Product Types of Cloud Computing Market:
Infrastructure as a service (IaaS)Platform as a Service (PaaS)Software as a Service (SaaS)
Applications of Cloud Computing Market
GovernmentSmall and Medium sized enterprisesLarge enterprises
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The report comprehensively analyzes the Cloud Computing market status, supply, sales, and production. The Cloud Computing market shares of production and sales are evaluated along with the review of the production, capacity, sales, and revenue. Various aspect such as Cloud Computing import/export, price, gross margin, consumption, and cost are also analyzed.
On the whole, the report covers the Cloud Computing market view and its growth probability for upcoming years. The Cloud Computing report also brief all challenges and opportunities in the Cloud Computing market. The study discusses Cloud Computing market key events, new innovations, and top players strategies. The client gets wide knowledge and deep perceptive of Cloud Computing restraints, distinct drivers, and factors impacting the industry. So that they can plan their growth map of Cloud Computing industry for coming years.
Table of Content for Global Cloud Computing Market
1. Cloud Computing Market Overview and Consumption by Types, Applications and Countries2. Sales, Revenue (Value) and Cloud Computing Market Share by Players3. Cloud Computing Sales, Revenue (Value) by Countries, Type and Application4. Cloud Computing industry Players Profiles/Analysis5. Countrywise Sales, Cloud Computing Revenue and Growth, by Type and Application (2013-2018)6. Cloud Computing Market Forecast (2019-2024)7. Manufacturing Cost Analysis of Cloud Computing8. Industrial Chain, Cloud Computing Sourcing Strategy and Downstream Buyers9. Marketing Strategy Analysis, Cloud Computing Distributors/Traders10. Cloud Computing Market Effect Factors Analysis11. Research Findings and Conclusion for Cloud Computing12. Appendix
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Cloud Computing Market 2019: Future Investment Initiatives, Growing with Technology Development, New Innovations, Competitive Analysis and Forecast...
Advantages of cloud computing in education – Optocrypto
There are tons of advantages of cloud computing in education. Not only small and medium-sized businesses and start-ups increasingly rely on cloud services, but also large and established businesses are increasingly taking advantage of new opportunities and thus improving their economic position. We must understand that the fourth industrial revolution is above all a social, economic, educational and technological revolution that changes the way of life of societies, as is the beginning of capitalism with the so-called first industrial revolution.
and within the framework of this technological dualism, we are shown between humanism and artificial intelligence or between humanism and post-humanism. This is how the so-called cyber-physical systems emerge, which are nothing more than the integration of computers, networks, and physical processes, with embedded computing and monitoring networks to control physical processes, with feedback cycles in which physical processes act computationally and vice versa.
Cloud computing offers access to abstract computing infrastructures to take all advantages of cloud computing in education for the students and staff through the Internet. Cloud service providers allow their customers to rent IT infrastructure flexible, without the need to invest capital in IT and data center infrastructure.
It is only a normal development of network technology. Larry Ellison, the founder of Oracle, put it more simply: The cloud is nothing more than a network with a connected data center. You no longer have to worry about developing and maintaining hardware and software. Thats what the cloud provider does. The cloud is a service, a service.Cloud computing can take place in several ways. In addition to Infrastructure as a Service (IaaS), cloud computing through Platform as a Service (PaaS) and Software as a Service (SaaS) are the most frequent in the business environment. The three variants allow the company maximum flexibility in the choice of media used and free companies from the long maintenance and repair work of the software used.
Focus on core business Liquidity The high selection of vendors Costs are scalable Based on a consumption-oriented pay as you use the model Allows for short implementationtimes Allows for reduced complexity Bills customers of expenses for maintaining software The risk lies with the provider Short notice periods
Dependence on the service provider Requires the suppliers evaluation of respectability, reliability Requires comprehensive contractual regulation of all aspects of service provision, content, and services Conditionally a clear contractual regulation of data transfer at project start and data return at the end of the contract Contribution adjustments, connectionfees Standardization Innovation no solution tailored to the customer Data security, encryption Internal adjustments Short notice periods for providers
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Advantages of cloud computing in education - Optocrypto
Okta’s CEO says it is poised to keep growing as identity management market expands – Business Insider
Okta reported earnings that beat Wall Street's expectations on Thursday and its CEO thinks the identity management company has just scratched the surface of how far it can go.
"I think we're very early in the potential market penetration for what we do...people were spending billions and billions of dollars on identity management and the problems are getting worse every day," Okta CEO Todd McKinnon told Business Insider. "We have a lot of markets to capture and we're working hard to make sure that we continue to grow and build new products and offerings to capture that market."
Okta reported revenue of $153 million, a 45 percent increase from a year prior, and a loss per share of $0.07 for the quarter. Its results showed a wider loss than a year prior, but ultimately beat analyst expectations for the quarter.
Two important metrics for growth showed strong results for the quarter as well. Subscription revenue rose 48% to $144.5 million, beating estimates of $135.3 million and billings grew 42% to $175.6 million, beating estimates of $165.8 million.
Despite the beats, the growth was not as rapid as quarters past and the stock fell over 3 percent in after market trading on Thursday before rebounding to make up some of the lost ground.
McKinnon acknowledged that growing a company at such a rapid pace is more challenging than most realize.
"Just growing at the level of we're growing is a lot of work. You gotta think ahead to what you're going to look like 18 months when you're twice the size," McKinnon said. "People underestimate how much work that is sometimes. So we're focusing a lot on that."
But that growth is attainable, he said, and current industry trends are in Okta's favor. One of the things that will help, is Okta's strength in its enterprise business. Okta now has 1,325 customers who pay over $100,000 annually for its product, which is 41 percent more than it had last year.
Analysts at William Blair think Okta has been able to get these new large customers by making its products very flexible and easily applicable to many scenarios, which these companies may have been searching for. This includes making the products easy to customize and continue to do more functions.
"We believe Okta has driven the increase by improving products and also expanding the number of use-cases they can address. The average top-25 deal this quarter compared with last year grew nearly 50% in contract size, suggesting the company is seeing much larger opportunities than in the past," writes Jonathan Ho, an analyst at William Blair.
McKinnon said that part of Okta's strategy is to make sure that as cloud becomes more widely used in enterprise, Okta can take over the identity management for those large companies.
That trend of cloud adoption also feeds into Okta's future prospects, he said. He thinks companies are increasingly abandoning the model of using one large technology vendor to serve all their IT needs, and are now looking for the best vendor for each service.
It's a trend seen in cloud based startups like Slack and Zoom which compete with large tech companies like Microsoft, Google and others who provide bundles of applications that do communication, productivity, etc.
McKinnon said this trend is just starting to materialize. "I think that best of breed is here to stay and there's going to be even variety and more choice," he said.
This helps Okta because it actually creates a bigger need for identity management. There's so many different applications a company's employees can use that having a single sign on experience that's verified easily makes the IT more secure.
"Okta is benefiting from the rise of SaaS usage which is likely still in the early innings. As organizations continue to decentralize their compute needs, Okta's ability to securely create connections between users and applications becomes more applicable," writes Jonathan B. Reykjav, an analyst at Baird Equity Research in a note published Friday.
McKinnon said many small and medium size companies don't have an identity manager right now and have never needed it.
"So they don't really have to manage things like you do when you really have a globally distributed heterogeneous technology environment like every company's moving to. So I think that the big thing for us is that that is driving expanding the market for identity management," McKinnon said.
The key is, once that market is expanded, Okta has to provide a better option than the identity management options offered by large technology vendors like Microsoft, Salesforce, Google, and Amazon, he said.
Still, McKinnon reiterates that this means there's a huge market opportunity ahead for Okta. "Just the fact that this industry dynamic is making a much bigger market for identity management is powerful," he said.
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Okta's CEO says it is poised to keep growing as identity management market expands - Business Insider
Cloud Computing: Amazon AWS Graviton 2 at 7nm to combat Intel and AMD – Optocrypto
Last year Amazon announced its intention to become a new player in the semiconductor industry such as AMD, Intel, VIA or Qualcomm for the sake of its cloud computing survival. The Seattle-based company announced that it plans to develop a new generation of custom chips that will power the companys cloud computing servers and help reduce dependence on the giant Intel. It is recalled that Santa Claras x86 processors currently account for more than 90% of the server chip market, although AMD is making a strong comeback to the market with its new x86 EPYC ROME CPUs based on Zen 2 and 7 nm, embedding up to 64 cores / 128 threads.This announcement was later reflected in the release of the groups first x64 processors. They were based on the ARM architecture (Arm Cortex-A72 according to some sources), engraved in 16 nm and internally designed (their design was created by Israeli design house Annapurna Labs, which was acquired by the Seattle-based company in 2015). According to Amazon, these new arm chips codenamed Graviton could generate cost savings of up to 45% for scalable services of cloud computing technologies.
Recently, the Amazon division responsible for on-demand cloud computing services for businesses and consumers Amazon Web Services (AWS) confirmed the launch of the second generation x32 / x64 arm CPU, developed by and for the specific needs of the business. AWS has introduced a new x32 / x64 processor based on the Arm v8.2 architecture that Reuters says should embed up to 32 cores. The new chip, which does not yet have a codename (some sources suggest that Graviton 2), will be the key element in a new platform called Neoverce N1, which will replace the Cosmos platform that supports Graviton.
It should be noted that since 2018 AMD has announced the signing of a strategic HPC partnership with the giant Amazon. Amazon will begin using more systems based on AMDs EPYC processors for its cloud activities at Amazon Web Services (AWS). Amazon is already using EPYC-based systems to host its EC2 or Elastic Cloud Compute instances, which offer Amazon secure and scalable cloud computing power designed to facilitate web-based cloud computing for developers. Amazon reported a 10% cost reduction by migrating from Intel Xeon servers to EPYC servers.Source: Reuters
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Cloud Computing: Amazon AWS Graviton 2 at 7nm to combat Intel and AMD - Optocrypto
Cloud Wars: Why Amazon is escalating its battle against Microsoft in enterprise tech – GeekWire
Amazon Web Services CEO Andy Jassy, projected on screen at AWS re:Invent this week, discusses Amazons 47.8 percent cloud market share against Microsoft, Alibaba, Google, IBM and others. (GeekWire Photo / Todd Bishop)
The leaders of Amazons cloud division made a few things clear this week at the Amazon Web Services re:Invent conference in Las Vegas:
It all adds up to escalating competition between the Seattle-area tech giants, not just between AWS and Microsoft Azure in the cloud but also between AWS and Microsoft in the larger enterprise technology market, which is the bread and butter of Microsofts business.
Thats our first topic on this episode of the GeekWire Podcast. Also on the show, we discuss what 60 Minutes missed in its report on tech and Seattles homelessness crisis; explain why the first official Craigslist app is a mixed blessing;and reveal the answer to our Name that Tech Tune challenge.
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Cloud Wars: Why Amazon is escalating its battle against Microsoft in enterprise tech - GeekWire