Category Archives: Cloud Computing
Startups Thrive with AWS : Cost optimization and efficiency in cloud … – TechiExpert.com
Cost optimization refers to the process of identifying and implementing strategies to minimize expenses and achieve the most efficient use of resources while maintaining or improving the desired level of performance or service. In the context of cloud computing, cost optimization focuses on reducing the overall expenditure associated with utilizing cloud services, such as compute instances, storage, data transfer, and other resources.
The goal of cost optimization is to strike a balance between cost reduction and meeting business objectives. It involves analyzing various factors, including resource utilization, pricing models, workload patterns, and performance requirements, to identify opportunities for cost savings and efficiency improvements. By optimizing costs, organizations can maximize the value they derive from their cloud investments, allocate resources more effectively, and improve their overall financial health.
Cost optimization in cloud computing often involves implementing strategies such as right-sizing resources, leveraging discounted pricing options like reserved instances or spot instances, implementing autoscaling, optimizing storage options, utilizing serverless computing, and monitoring and analyzing resource usage and costs. It is an iterative and continuous process that requires ongoing evaluation, adjustment, and adoption of new practices to adapt to changing business needs and technology advancements.
How to do Cost optimization and efficiency in cloudcomputing :
Always remember that cost optimization and efficiency are ongoing processes. Regularly review and adjust your cloud infrastructure based on evolving requirements, technological advancements, and new cost optimization strategies to ensure continuous improvement and maximize savings.
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Startups Thrive with AWS : Cost optimization and efficiency in cloud ... - TechiExpert.com
US shouldn’t restrict China’s access to cloud computing and … – asianews.network
July 11, 2023
BEIJING In an era where technology transcends boundaries and propels global progress, it is crucial to foster cooperation and open channels of innovation. Restricting Chinas access to cloud computing and semiconductors may seem like a viable strategy to safeguard national interests, but a deeper analysis reveals the potential drawbacks and missed opportunities such restrictions bring. Instead of isolating China, the United States should embrace collaboration and seek mutually beneficial partnerships in the realm of technology. By doing so, the US can contribute to ensuring continued advancements, driving economic growth, and creating a more inclusive and prosperous future.
Technological advancements in todays world rely on collaboration and the exchange of ideas across borders. Cloud computing and semiconductors are critical pillars of the digital revolution that empower businesses, governments, and individuals to thrive in the digital age. Restricting Chinas access to these technologies would hinder the free flow of knowledge and impede global progress. The US should prioritize building bridges instead of erecting barriers, fostering an environment that encourages collaboration between nations.
National security concerns are undoubtedly important, but a comprehensive approach is necessary to address them effectively. Relying solely on restrictions and limitations is a shortsighted strategy that undermines the potential for constructive dialogue and problem-solving. Instead of trying to thwart Chinese technological development, the United States should put efforts into dialogue with China to establish frameworks for cooperation that safeguard both national interests and global security. Collaborative endeavors can enable the establishment of shared standards, enhanced transparency, and improved cybersecurity measures, fostering a more secure technological ecosystem for everyone.
Chinas technological prowess is undeniable. It has emerged as a global leader in several domains, including cloud computing and semiconductors. Instead of fearing this progress, the United States should recognize the economic opportunities that lie in collaborating with China. American firms can gain a lot by collaborating with Chinese companies, including access to the vast market and consumer base, foster innovation that will benefit China and the United States as well as the whole world. The synergy of Chinese and American companies would allow businesses from both countries to flourish and create jobs, benefiting not only the US and China but the global economy as a whole.
Restricting Chinas access to cloud computing and semiconductors will only harm American businesses and impede technological advancement, undermining the countrys global competitiveness.
Technological collaboration can serve as a catalyst for strengthening diplomatic relations between nations. Engaging with China on shared technological interests fosters an environment of trust and cooperation. By promoting open dialogue and collaboration, the United States can address its economic problems. Engagement allows for the inclusion of important discussions about privacy, data protection, and intellectual property rights, ensuring that shared values are protected and respected.
In an increasingly interconnected world, isolating and restricting Chinas access to cloud computing and semiconductors would be a counterproductive move. Rather than allowing fear and competition to drive us apart, the United States should embrace collaboration and cooperation. Through engaging with China in the development of these technologies, the US can have its own contribution in shaping the future of innovation, enhancing national security, and fostering economic growth.
Instead of trying to thwart and isolate China by pushing for a new Cold War, the US leaders shall choose the path of collaboration, taking a part in forging a world where technological advancements benefit all, and where the global community thrives together.
Dawid Wiktor is the chief executive officer of Media Scope Group and president of the Estonian-Chinese Chamber of Commerce. The views dont necessarily reflect those of China Daily.
If you have a specific expertise, or would like to share your thought about our stories, then send us your writings at opinion@chinadaily.com.cn, and comment@chinadaily.com.cn.
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US shouldn't restrict China's access to cloud computing and ... - asianews.network
How Global Hyperscalers are Shaping the Future of Cloud … – Fagen wasanni
The Role of Global Hyperscalers in Shaping the Future of Cloud Computing and Data Centers
Global hyperscalers, the tech giants that provide cloud computing services on a massive scale, are playing a pivotal role in shaping the future of cloud computing and data centers. Companies like Amazon Web Services (AWS), Google Cloud, and Microsoft Azure are leading the charge, leveraging their vast resources and technological prowess to redefine the landscape of data storage and processing.
The term hyperscaler refers to companies that have the capacity to scale their IT infrastructure exponentially in response to demand. These companies have built their businesses around the ability to provide vast amounts of computing power, storage, and networking capacity to a global customer base. This ability to scale is what sets them apart and allows them to shape the future of cloud computing and data centers.
One of the key ways hyperscalers are influencing the future of cloud computing is through the development and implementation of advanced technologies. For instance, they are pioneering the use of artificial intelligence (AI) and machine learning (ML) in data centers to optimize operations, improve energy efficiency, and reduce costs. These technologies enable data centers to predict and respond to changes in demand, ensuring optimal performance at all times.
Moreover, hyperscalers are driving the shift towards more sustainable data centers. They are investing heavily in renewable energy sources and innovative cooling technologies to reduce the environmental impact of their operations. Google, for example, has committed to operating its data centers on 24/7 carbon-free energy by 2030. This commitment not only sets a new standard for the industry but also demonstrates how hyperscalers can use their influence to drive positive change.
In addition to technological advancements and sustainability efforts, hyperscalers are also shaping the future of cloud computing through their business models. They offer a range of cloud services, from infrastructure as a service (IaaS) to platform as a service (PaaS) and software as a service (SaaS), allowing businesses of all sizes to leverage the power of the cloud. This flexibility and scalability have democratized access to advanced computing resources, enabling even small businesses to compete on a global scale.
Furthermore, hyperscalers are fostering a more interconnected global economy. Their vast networks of data centers span the globe, enabling businesses to operate seamlessly across borders. This global reach not only facilitates international business operations but also enhances data sovereignty by allowing data to be stored and processed in the region where it is generated.
In conclusion, global hyperscalers are playing a crucial role in shaping the future of cloud computing and data centers. Through their technological innovations, sustainability initiatives, flexible business models, and global networks, they are redefining the way businesses store and process data. As they continue to push the boundaries of what is possible, we can expect to see even more transformative changes in the years to come. The future of cloud computing and data centers is undoubtedly being shaped by these tech giants, and their influence will continue to be felt across the industry and beyond.
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How Global Hyperscalers are Shaping the Future of Cloud ... - Fagen wasanni
IBM mulls using its own AI chip in new cloud service to lower costs – Reuters
SAN FRANCISCO, July 11 (Reuters) - International Business Machines (IBM) (IBM.N) is considering the use of artificial intelligence chips that it designed in-house to lower the costs of operating a cloud computing service it made widely available this week, an executive said Tuesday.
In an interview with Reuters at a semiconductor conference in San Francisco, Mukesh Khare, general manager of IBM Semiconductors, said the company is contemplating using a chip called the Artificial Intelligence Unit as part of its new "watsonx" cloud service.
IBM is hoping to take advantage of the boom in generative AI technologies that can write human-like text more than a decade after Watson, its first major AI system, failed to gain market traction.
One of the barriers the old Watson system faced was high costs, which IBM is hoping to address this time. Khare said using its own chips could lower cloud service costs because they are very power efficient.
IBM announced the chip's existence in October but did not disclose the manufacturer or how it would be used.
Khare said the chip is manufactured by Samsung Electronics (005930.KS), which has partnered with IBM on semiconductor research, and that his company is considering it for use in watsonx.
IBM has no set date for when the chip could be available for use by cloud customers, but Khare said the company has several thousand prototype chips already working.
IBM has joined other tech giants such as Alphabet's (GOOGL.O) Google and Amazon.com (AMZN.O) in designing its own AI chips.
But Khare said IBM was not trying to design a direct replacement for semiconductors from Nvidia (NVDA.O), whose chips lead the market in training AI systems with vast amounts of data.
Instead, IBM's chip aims to be cost-efficient at what AI industry insiders call inference, which is the process of putting an already trained AI system to use making real-world decisions.
"That's where the volume is right now," Khare said. "We don't want to go toward training right now. Training is a different beast in terms of compute. We want to go where we can have the most impact."
Reporting by Stephen Nellis; Editing by Jamie Freed
Our Standards: The Thomson Reuters Trust Principles.
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IBM mulls using its own AI chip in new cloud service to lower costs - Reuters
Cloud Native Computing Foundation Reaffirms Istio Maturity with … – PR Newswire
Fast-growing service mesh has added end users, events, features, and maintainers to reach Foundation's top maturity level
SAN FRANCISCO, July 12, 2023 /PRNewswire/ --The Cloud Native Computing Foundation (CNCF), which builds sustainable ecosystems for cloud native software, today announced the graduation of Istio. Istio is an open source service mesh that provides a uniform and efficient way to secure, connect, and monitor services in cloud native applications.
Istio provides zero-trust networking, policy enforcement, traffic management, load balancing, and monitoring without requiring applications to be rewritten. It pioneered the modern service mesh pattern security, traffic routing and observability using sidecar containers when it launched in 2017. In 2022, the project continued to drive innovation in the space by introducing a complementary architecture, ambient mesh offering the same benefits without needing sidecars.
"Today, the Istio project takes its place alongside the projects that enable it and upon which it is built, including Kubernetes, Envoy, Prometheus, and SPIFFE," said Craig Box, Istio Steering Committee member and VP of Open Source and Community at ARMO. "On behalf of the project's leadership, we wish to thank every contributor, both corporate and individual, who have collectively brought us to graduation within the CNCF."
Istio was initially developed by Google and IBM and built on the Envoy project from Lyft. The project now has maintainers from more than 16 companies, including many of the largest networking vendors and cloud organizations worldwide. End users range from digital native startups to the world's largest financial institutions and telcos, with case studies from companies including eBay, T-Mobile, Airbnb and Salesforce.com. Istio is the third most active CNCF project in terms of the number of PRs opened and merged.
This year, the Istio community welcomed the maintainers of the Open Service Mesh project, with the team from Microsoft becoming Istio contributors. The combined group continues to drive the development of the Kubernetes Gateway API, which traces its lineage directly to Istio's traffic management model.
The inaugural Istio Day at KubeCon + CloudNativeCon Europe 2023, the first Istio event arranged by CNCF, was the second best attended of all the co-located events. As a result, the program will be a full-day event on November 6th during the upcoming KubeCon + CloudNativeCon North America 2023. The CFP is open through August 6, 2023.
The two IstioCon events have attracted an audience of more than 4,000 end users, developers and maintainers. A third annual IstioCon will be hosted by CNCF on the 25th and 26th of September, 2023. A full day of in-person content in Chinese will be offered alongside KubeCon + CloudNativeCon + Open Source Summit China in Shanghai, with two days of virtual content in English for the worldwide Istio audience. The CFP is open for sessions in Chinese and English through July 23, 2023.
"Service mesh adoption has been steadily rising over the past few years as cloud native adoption has matured across industries," said Chris Aniszczyk, CTO of CNCF. "Istio has helped drive part of this maturation, and the project has progressed quickly since joining CNCF late last year. We look forward to watching and supporting this continued growth as the Istio team adds new features and simplifies the service mesh experience."
As a CNCF graduated project, Istio joins the ranks of respected technologies that have proven their value and viability in the cloud native ecosystem. Graduation validates Istio's commitment to openness, collaboration, and innovation.
Quotes from maintainers and supporting organizations are available here.
To learn more about Istio:
About Cloud Native Computing Foundation
Cloud native computing empowers organizations to build and run scalable applications with an open source software stack in public, private, and hybrid clouds. The Cloud Native Computing Foundation (CNCF) hosts critical components of the global technology infrastructure, including Kubernetes, Prometheus, and Envoy. CNCF brings together the industry's top developers, end users, and vendors and runs the largest open source developer conferences in the world. Supported by more than 800 members, including the world's largest cloud computing and software companies, as well as over 200 innovative startups, CNCF is part of the nonprofit Linux Foundation. For more information, please visit http://www.cncf.io.
The Linux Foundation has registered trademarks and uses trademarks. For a list of trademarks of The Linux Foundation, please see our trademarkusage page. Linux is a registered trademark of Linus Torvalds.
Media ContactKatie MeindersThe Linux Foundation[emailprotected]
SOURCE Cloud Native Computing Foundation
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Cloud Native Computing Foundation Reaffirms Istio Maturity with ... - PR Newswire
Data Global Center Blade Server Market to Reach $33.5 Billion by … – GlobeNewswire
Dublin, July 13, 2023 (GLOBE NEWSWIRE) -- The "Data Center Blade Server: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Data Center Blade Server estimated at US$17.2 Billion in the year 2022, is projected to reach a revised size of US$33.5 Billion by 2030, growing at a CAGR of 8.7% over the analysis period 2022-2030.
Tier 1, one of the segments analyzed in the report, is projected to record a 7.9% CAGR and reach US$5.8 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Tier 2 segment is readjusted to a revised 9.7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $5.9 Billion, While China is Forecast to Grow at 10.1% CAGR
The Data Center Blade Server market in the U.S. is estimated at US$5.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3.5 Billion by the year 2030 trailing a CAGR of 10.1% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.5% and 8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 8.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$7 Billion by the year 2030.
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II. EXECUTIVE SUMMARY
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For more information about this report visit https://www.researchandmarkets.com/r/9z9ohy
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Data Global Center Blade Server Market to Reach $33.5 Billion by ... - GlobeNewswire
Largest Children’s Hospital in the United States Standardizes on … – PR Newswire
Texas Children's Hospital consolidates seven business systems on Oracle to increase efficiency, reduce costs, and improve the employee experience
AUSTIN, Texas, July 13, 2023 /PRNewswire/ -- Texas Children's Hospital, the largest children's hospital in the United States, has implemented Oracle Fusion Cloud Applications Suiteto support its mission to create a healthier future for children and women throughout its global community. With Oracle Fusion Applications, Texas Children's Hospital has been able to consolidate seven business systems on one integrated platform to improve recruitment and employee retention, increase efficiency, help reduce costs, and enable its staff to dedicate more time to patients.
Texas Children's Hospital, one of the nation's top ranked pediatric hospitals and the top ranked pediatric hospital in the state of Texas, is also recognized as one of the largest and most comprehensive pediatric and women's health care organizations in the world. To keep up with the demands of its growing operations and to ensure its staff and clinicians can spend as much time as possible focusing on patient care, Texas Children's Hospital needed to streamline and simplify its existing business processes. After careful evaluation, Texas Children's Hospital decided to move finance, HR, and supply chain processes to the cloud with Oracle Fusion Applications.
"Our previous systems required a lot of manual effort to use and maintain and this was becoming an unsustainable burden on our employees," said Myra Davis, executive vice president and chief information innovation officer, Texas Children's Hospital. "With Oracle Fusion Applications, we've been able to streamline and automate business processes and this allows our staff and clinicians to spend more time with patients. Oracle provided hands-on support during implementation to ensure we rapidly gained value from our new system, and we continue to benefit from quarterly updates that enable us to constantly improve productivity."
WithOracle Fusion Cloud Enterprise Resource Planning (ERP), Oracle Fusion Cloud Enterprise Planning Management (EPM),Oracle Fusion Cloud Human Capital Management (HCM), and Oracle Fusion Cloud Supply Chain & Manufacturing (SCM), Texas Children's Hospital has been able to break down organizational silos, standardize processes, and manage its finance, planning, HR, and supply chain operations on a single integrated platform
"Recent events pushed the world's largest industry to a near breaking point and highlighted the challenges of running countless disconnected systems," said Steve Miranda, executive vice president of applications development, Oracle. "With Oracle Fusion Applications, Texas Children's Hospital has been able to increase visibility into its business and reduce the administrative burden on its employees. With Oracle's complete suite of healthcare-focused solutions, we are committed to solving the healthcare industry's biggest challenges and helping customers find new efficiencies, drive down costs, and continually improve patient outcomes."
The implementation was managed by Oracle Consulting.
About Oracle Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at oracle.com.
About Texas Children's Hospital Texas Children's, a not-for-profit health care organization, is committed to creating a healthier future for children and women throughout the global community by leading in patient care, education, and research.Consistently ranked as the best children's hospital in Texas, and among the top in the nation, Texas Children's has garnered widespread recognition for its expertise and breakthroughs in pediatric and women's health.
Trademarks Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company--ushering in the new era of cloud computing.
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The new high-paying jobs in generative AI – InfoWorld
I predicted that cloud providers would see a rise in demand for their services in 2024, given the push to use generative AI and the amount of resources (and money) this technology takes to operate. Now mainstream publications are also making this call, and we can all agree that generative AI will grow, and thus cloud computing will too. Simple math.
Like any change in a market, some will take advantage of the new opportunities, and some will be left behind. Recently, Ive been getting many questions about what the workforce supporting cloud-powered generative AI will look like. More importantly, how can you take personal advantage?
Lets explore some new roles that will likely emerge and how you can position yourself to serve in them.
Professionals specializing in designing and optimizing cloud architectures to support generative AI workloads will be in huge demand. How do I know? We dont have enough cloud architects as is, and the mistakes occurring because of the lack of knowledge are starting to take their toll.
Companies will need trained, experienced cloud architects who understand how AI systems work and play well with existing cloud-based systems. If youre interested, youll need training on how a cloud operates and the specific techniques that generative AI services use, such as data, knowledge models, APIs, and other forms of integration, plus how to ensure the scalability, security, and performance of AI systems.
AI and data experts manage and preprocess large data sets used to train generative AI models. Most people understand that AI systems depend on high-quality, accurate data. AI data engineers ensure data quality, implement pipelines, and optimize data storage and retrieval. Their focus is more on data operations, but understanding how AI systems work, including training data, is essential.
This position will require an excellent working knowledge of databases, data integration, and how AI systems ingest data for training. This role also needs to understand data curation, quality, security, and governance. I suspect that most AI data engineers will come from the data operations side of things, not the AI side.
These individuals curate and select the most relevant and effective generative AI models for specific applications. They need to deeply understand the AI landscape and stay updated on the latest advancements, including the most helpful third-party tools and how models can be streamlined.
Again, this is more focused on operations. However, it requires specialized operations skills that most current ops team members wont have. These people will likely come from the data ops side, but deep AI experience is essential.
Yes, this is a thing. With generative AIs potential ethical implications, AI ethicists are crucial in ensuring responsible AI usage. Duties will include assessing and mitigating biases, privacy concerns, and potential societal impacts of these new generative AI systems in the cloud.
This position could come from many different areas. They could be primarily nontechnical roles. I suspect that many will have a business ethics background, but understanding technology will be a vital component of this role, even if that is not understood now.
Not to be confused with those who train people about AI, these professionals specialize in fine-tuning and optimizing generative AI models. Specifically, they work with data scientists and domain experts to prepare models for specific tasks and improve their performance and accuracy.
Think AI-focused CTO or professional who can bridge the gap between technical AI capabilities and business goals. Their role will be identifying opportunities for generative AI deployment, developing strategies, and managing AI projects to drive business outcomes.
Most of these people will come from IT leadership roles with some technical background. They may have been project leaders or worked for the CIO at some point. They will need an eclectic mix of skills to be successful.
I suspect that Im missing a few other roles that will be important, but they will likely be derivatives of the ones listed here. If any of these would be a good career move, then set up your training to head in that direction. Also, position yourself with existing or new jobs so you can move into these roles when they become available. Given that demand will outpace supply, these jobs will pay well, at least for the first few years.
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The new high-paying jobs in generative AI - InfoWorld
The edge computing market size is expected to grow from USD 53.6 billion in 2023 to USD 111.3 billion by 2028, at a Compound Annual Growth Rate (CAGR)…
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during the forecast period. The requirement of companies to collect and analyze data at the very source from where it is generated, growth of IoT networks, increased bandwidth, reduced latency, cost effectiveness, emergence of edge native cloud platforms have made connecting edge devices and sensors the need of the hour, hence compelling enterprises to adopt and harness the power of edge computing.
New York, July 12, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Edge Computing Market by Component, Application, Organization Size, Vertical and Region - Global Forecast to 2028" - https://www.reportlinker.com/p05181598/?utm_source=GNW
By component, services segment to exhibit significant growth during the forecast period
The services segment plays a crucial role in the edge computing market, providing a range of essential functions and support to ensure the successful implementation and operation of edge computing solutions.Services in the edge computing market encompass a variety of offerings that cater to the unique requirements and complexities of edge deployments.
Consulting and advisory services form a significant part of the services segment.These services assist organizations in understanding the potential benefits of edge computing, assessing their specific needs, and devising an appropriate strategy for implementation.
Consultants guide businesses in identifying the optimal edge infrastructure, network architecture, and edge device placement to achieve their desired outcomes.Next, the integration and deployment services are also vital in the edge computing ecosystem.
These services aid organizations in seamlessly integrating edge computing solutions into their existing IT infrastructure. They involve activities such as hardware and software installation, configuration, testing, and system integration. By leveraging these services, businesses can effectively bridge the gap between their current infrastructure and the edge environment. Furthermore, managed services play a significant role in ensuring the ongoing smooth operation of edge computing deployments. These services encompass monitoring, maintenance, and support for the edge infrastructure, as well as managing software updates, security patches, and performance optimization. Managed services relieve organizations of the complexities associated with managing distributed edge environments and enable them to focus on their core competencies. And then the training and education services contribute to the growth of the edge computing market. These services provide organizations with the knowledge and skills required to operate and manage edge computing solutions effectively. Training programs may cover topics such as edge architecture, edge analytics, security practices, and data governance, empowering businesses to derive maximum value from their edge deployments.Summarily, the services segment in the edge computing market is vital for supporting organizations throughout their edge computing journey, encompassing consulting, integration, deployment, managed services, and training. These services enable businesses to overcome implementation challenges, optimize performance, and achieve the desired business outcomes from their edge computing initiatives. By application, AR & VR segment to exhibit decent growth during the forecast period
AR is more common and has more practical applications.The technology behind AR requires devices to process visual data and represent visual elements in real time.
Without the edge technology, these visual elements need to send back to the centralized data centers, where these elements can be added before sending it back to that device.This arrangement will offer significant latency.
Edge technology will enable IoT devices to integrate AR displays instantly, enabling users to look and take in new AR details without much loading time.AR devices have applications beyond entertaining applications, such as retail, where it is being utilized to display product information.
Thus, edge architecture will play a vital role in providing these applications with minimal latency. AR is an extremely complex technology. The device must understand data from multiple sensors to react in a real-time environment. Edge infrastructure enables these devices to react in real-time immediately, without delay in data transfer speed. Thus, edge technology will introduce speed and accuracy to make these devices more accurate across applications. By vertical, government and defense vertical to grow significantly during the forecast period
Growing expectations from citizens and dropping budgets during the global financial crisis are limiting the ability of policymakers, administrators, and key decision-makers to meet the citizens needs.To aptly serve the needs of citizens, government agencies must advance and expand the deployment of advanced technologies for the development of infrastructure for smart cities, such as traffic monitoring, parking management, and waste management.
Government agencies are increasingly infusing edge computing in their IT infrastructure to gain greater data visibility in far-flung locations and achieve faster data analysis.This enables them to identify assets at greater risk and explore new mission scenarios for minimizing loss and optimizing efficiency.
For instance, the US Air Force deployed Dell and Microsofts cloud and edge computing solutions and saved USD 1 million in weekly tanker refuelling costs. US Marine and other special forces also use such applications to achieve situational awareness.
Latin American region is showing promising growth in the edge computing market during the forecast period in 2023
Companies in the region are focusing on providing better services and establishing communications withtheir customers. Owing to low-cost software requirements and various cloud computing benefits, such as easy adaptability, multitenancy, and a high degree of abstraction, various companies across Latin America have adopted cloud computing technology. However, with the peaking data volumes, Latin American companies are expected to adopt edge computing to eliminate network congestion issues and data loss risks. Cloud computing addresses inefficiencies by flattening peak loads and optimizing data centers, and edge computing add to the benefits by providing low latency connectivity and high bandwidth for data transmission. Owing to the proliferation of 5G, data-driven enterprises would demand quick and real-time access to data; hence, edge computing is expected to grow in this region.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with the key people.
The breakup of the profiles of the primary participants is as follows: By Company Type: Tier I: 35%, Tier II: 25%, and Tier III: 40% By Designation: C-Level: 25%, D-Level: 30%, and Others: 45% By Region: North America: 42%, Europe: 25%, APAC: 18%, Row: 15%
The report profiles the following key vendors:Cisco (US), AWS (US), Dell Technologies (US), Google (US), HPE (US), Huawei (China), IBM (US), Intel (US), Litmus Automation (US), Microsoft (US), Nokia (Finland), ADLINK (Taiwan), Axellio (US), Capgemini (France), ClearBlade (US), Digi International (US), Fastly (US), StackPath (US), Vapor IO (US), GE Digital (US), Moxa (Taiwan), Sierra Wireless (Canada), Juniper Networks (US), EdgeConnex (US), Belden (US), Saguna Networks (Israel), Edge Intelligence (US), Edgeworx (US), Sunlight.io (UK), Mutable (US), Hivecell (US), Section (US), EdgeIQ (US).
Research CoverageThe report segments the edge computing market by the component segment which includes software, hardware, and services.
Based on the application, the market is segmented into smart cities, Industrial Internet of Things (IIoT), remote monitoring, content delivery, Augmented Reality (AR) and Virtual Reality (VR), and other applications (autonomous vehicles, drones, and gaming).
The market is also segmented based on organization sizes as small and medium-sized enterprises and large enterprises.
Different verticals using edge computing solutions include manufacturing, energy and utilities, government and defense, healthcare and life sciences, media and entertainment, retail and consumer goods, telecommunications, transportation and logistics, and other verticals (education and BFSI).
The geographic analysis of the edge computing market is spread across five major regions: North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Key Benefits of Buying the Report The report will help the market leaders/new entrants in the edge computing market with information on the closest approximations of the revenue numbers for the overall edge computing market and the subsegments across regions. The report provides the impact of recession on the aforesaid market, among top vendors worldwide, along with figures which are the closest approximations, estimated and projected. The report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities. It would help stakeholders understand the market dynamics better, their competitors better and gain more insights to uplift their positions in the market. The competitive landscape section includes a competitor ecosystem, market diversification parameters such as new product launch, product enhancement, partnerships, agreement, integration, collaborations, and acquisitions. The Market quadrant of edge computing vendors have been precisely incorporated as a figure which helps readers understand market players categorization and their performance. In-depth exhaustive assessment of market shares, growth strategies and service offerings of leading players in the edge computing market strategies. The report also helps stakeholders understand the competitive analysis by these market players via competitive benchmarking tables.Read the full report: https://www.reportlinker.com/p05181598/?utm_source=GNW
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Microsoft Is Big Winner as Corporate Tech Spending Shifts to AI – Barron’s
Piper Sandlers latest survey of corporate technology buyers shows overall spending outlooks have softened. But there are also changes in budget priorities with a clear winner: artificial intelligence applications.
Microsoft ticker: MSFT) will be a big beneficiary of the move toward AI as companies stated a higher intention to use more of its cloud-computing services, Piper analyst Brent Bracelin said. He has an Overweight rating for Microsoft stock and a $400 price target.
On Wednesday, the investment bank published a report after asking 147 chief information officers, or CIOs, which areas they intend to spend more or less this year and in the future.
Results suggest that IT budgets are likely to moderate in 2023, Pipers tech team wrote. They said expectations for 2023 spending fell to a 3.6% growth rate year-over-year, which was down by 1.3 percentage points, compared with six months ago.
The analysts said generative AI rose nine spots in priority to become the top emerging technology trend for the next three years with 75% of CIOs either testing or implementing projects. Security, storage, and application software were also top spending priorities, while hardware devices and servers were near the bottom.
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Enterprise testing and implementation of Gen AI appears to be consuming incremental budget dollars, Pipers team said.
The release of ChatGPT late last year and its rapid success have sparked a surge in interest for generative artificial-intelligence products that train on text, images, and videos to create content and provide analytical output. The chatbot uses a language model that generates humanlike responses based on word relationships it has found by digesting what has been written on the internet or in other text.
In early trading Thursday, Microsoft shares rose by 1.3% to $341.55.
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After looking at the CIO responses, Pipers team predicted hardware suppliers such as makers of computer servers were most likely to face budget cuts later this year.
Write to Tae Kim at tae.kim@barrons.com
Original post:
Microsoft Is Big Winner as Corporate Tech Spending Shifts to AI - Barron's