Category Archives: Cloud Computing
Digerati moving to Nasdaq from OTC in merger deal with blank-check acquisition firm – San Antonio Express-News
The San Antonio cloud computing companys CEO said the move from the OTC market would enable it to speed up its strategy of growth through mergers and acquisitions.
It provides us with the currency of a primary stock exchange; we really havent had the benefit of that historically, being on the OTC market, Digerati CEO Arthur L. Smith said Tuesday. We could have taken an alternative avenue to uplist, but this was a better economic path for the company and its shareholders.
The all-stock transaction will give the combined company an estimated initial equity value of $228 million, the companies said. Its expected to close in the fourth quarter.
On ExpressNews.com: San Antonios Digerati Technologies swings from loss to a profit on record revenue
Other details:
Digerati management will remain in place.
Its current board will remain, with two new directors: one additional director to be appointed and Shawn Rochester, CEO of Minority Equality Opportunities Acquisition, joining when the transaction closes.
Smith said Digerati would become a subsidiary of Minority Equality Opportunities Acquisition. Existing Digerati shareholders will receive 100 percent of their equity in the new company.
In its simplest form, this transaction can be viewed as Digerati acquiring a Nasdaq vehicle for purposes of listing on Nasdaq, Smith said.
Smith said he was introduced to Minority Equality Opportunities Acquisition Inc. by Maxim Group, a New York-based investment banking firm.
The Waxahachie company was founded last year and went public in August 2021. It calls itself the first minority-led special purpose acquisition company, or SPAC, to list on Nasdaq with the mission of executing a business combination with a minority owned, led or founded business.
A SPAC raises money through an initial public offering to find an existing company that can benefit from more capital and merging with it. Theyre also known as blank-check companies.
It was unclear whether the combined companies will trade under the Digerati name.
Digerati was born in 1994 as ATSI Communications Inc., an international telecommunications operator that served markets in Latin America. Two years later, it launched GlobalSCAPE Inc., an internet software company that was acquired in 2020 by HelpSystems, a Minnesota-based software firm.
Long an earnings laggard, Digerati attributed recent record-breaking revenue growth to its acquisitions of SkyNet Telecom in December and NextLevel Internet in February. In the three months ended April 30, the company swung to a profit as revenue jumped 118 percent to $8.2 million.
On ExpressNews.com: San Antonio-based Digerati Technologies acquires SkyNet Telecom
Those acquisitions were only the latest. In June 2021, it entered a partnership with Sandler Partners, a fast-growing business communications firm headquartered in Redondo Beach, Calif. In November 2020, it acquired two Florida business communication firms, Nexogy and ActivePBX.
Digerati said its business grew through the pandemic as demand from small businesses for its cloud computing and communication services increased. Its customer count was 3,963 as of April 30, up from 2,612 a year earlier.
In a statement, Minority Equality Opportunities Acquisition said it had been searching for historically undercapitalized minority business enterprises for mergers and acquisitions.
Smith, who identifies as Latino, was born in McAllen and has lived in San Antonio since 1988. About half of the employees at Digerati are members of a minority growth, with 45 percent being Latino.
We did this because of the economic benefits and to fulfill a key corporate goal of listing on Nasdaq, Smith said. And of course, it gives us access to capital. It did fulfill the mission for MEOA. It was a good fit.
The merger news gave Digerati shares a lift. They gained nearly 16 percent Tuesday to close at nearly 13 cents. That put its market capitalization at $17.84 million.
Shares in Minority Equality Opportunities Acquisition fell slightly to close at $10.12. Its market cap slipped to $161.62 million.
eric.killelea@express-news.net
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Digerati moving to Nasdaq from OTC in merger deal with blank-check acquisition firm - San Antonio Express-News
Types of Cloud Computing – Definition | Microsoft Azure
Cloud computing types are service deployment models that let you choose the level of control over your information and types of services you need to provide. There are three main types of cloud computing services, sometimes called the cloud computing stack because they build on top of one another.
The first cloud computing type is infrastructure-as-a-service (IaaS), which is used for Internet-based access to storage and computing power. The most basic category of cloud computing types, IaaS lets you rent IT infrastructure - servers and virtual machines, storage, networks, and operating systems - from a cloud provider on a pay-as-you-go basis.
The second cloud computing type is platform-as-a-service (PaaS) that gives developers the tools to build and host web applications. PaaS is designed to give users access to the components they require to quickly develop and operate web or mobile applications over the Internet, without worrying about setting up or managing the underlying infrastructure of servers, storage, networks, and databases.
The third cloud computing type is software-as-a-service (SaaS) which is used for web-based applications. SaaS is a method for delivering software applications over the Internet where cloud providers host and manage the software applications making it easier to have the same application on all of your devices at once by accessing it in the cloud.
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Types of Cloud Computing - Definition | Microsoft Azure
What is Cloud Computing and How Does it Work? – Citrix
There are three types of cloud computing deployment models: private cloud, public cloud, and hybrid cloud.
Private cloud provides a proprietary cloud environment dedicated to a single business entity, with physical components stored on-premises or at a vendors datacenter. Because the private cloud is only accessible to a single business, this model offers a high degree of control. Advantages include customized architecture, advanced security protocols, and the ability to extend computing resources in a virtualized environment as needed. In many cases, an organization maintains a private cloud infrastructure on-site while delivering cloud computing services to internal users via the intranet. In other instances, the organization contracts with a third-party cloud vendor to host and maintain exclusive servers off site.
Public cloud uses the internet to store and manage access to data and applications. Its completely virtualized, providing an environment where shared resources are leveraged as needed. Because these resources are delivered over the web, the public cloud deployment model allows organizations to scale more easilythe ability to pay for cloud resources as needed is a huge advantage over local servers. In addition, public cloud service providers offer robust security measures to protect user data from being accessed by other tenants.
Hybrid cloud combines private and public cloud models, allowing organizations to leverage the benefits of shared resources while using existing IT infrastructure for critical security requirements. The hybrid cloud model allows companies to store confidential data internally and access it via applications running in the public cloud. To comply with privacy regulations, for example, an organization could store sensitive user data in a private cloud and perform resource-intensive computation in the public cloud.
In addition, businesses can choose to take a multi-cloud approach, which means they use more than one public cloud service. This approach can be used to distribute workloads across multiple cloud platforms, allowing organizations to optimize their environments for performance, flexibility, and cost savings.
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What is Cloud Computing and How Does it Work? - Citrix
The 7 Best Jobs In Cloud Computing CareerCloud
Business Intelligence Architect
Think CRM applications like Salesforce, file collaboration services like Dropbox, or help desk software like Zendesk. As more enterprises are relying on companies like these to grow, they are increasingly looking for Business Intelligence Architects who can analyze and process large amounts of data from dashboards, Key Performance Indicators (KPIs), and other analytics in order to make calculated decisions that will positively impact the direction of a company.
While companies of all sizes are shifting entirely to the cloud because of its speed, collaboration, and lower costs, the need for BI Analysts is going to skyrocket as the industry becomes, even more, mobile-centric and agile. Making educated decisions about the direction a company takes could potentially save or make it a lot of capital. Transversely, uneducated decisions could cost or lose a company a lot in the same respect.
Recommended education: bachelors degree in computer science, business, mathematics, economics, statistics, management, accounting or in a related field.
It takes creative and technical minds to develop cloud infrastructure, and thats precisely who cloud software engineers are, and what they do. Cloud engineers make determinations on how a system should operate, and work with the programmers who write the actual code. By overlooking the development of the cloud infrastructure, they are also tasked with designing newer, more agile systems, or making upgrades to existing ones.
Recommended education: bachelor's degree in computer science, although some employers may also consider those with degrees in mathematics or engineering.
Related: Software Engineer Resume
The more data is floated into a cloud, the more susceptible it becomes to being breached. Therefore, security going into cloud-based platforms is becoming increasingly important. The same way developers and engineers are tasked with developing new systems for agility, cloud cybersecurity engineer analysts are tasked with developing and updating systems for user safety and security.
Cloud security engineers often work as part of a larger team in an office setting, and sometimes can get called in after hours to respond to security threats. They perform simulated digital fire drills to see how fast a company can respond to, and correct any malfeasance. Another part of the job is to work with programmers to either advocate or deter them from using certain types of code.
Recommended education: bachelor's degree in cybersecurity or security engineering.
Similar to a software engineer, a cloud web developer is responsible for writing code using a variety of different languages that could be used by a given company. Knowledge of one or a combination of HTML, CSS, and JavaScript in the client, PHP, ASP.NET (C#), Python, Go, or Java is what is often required. The cloud web developer will use these languages to design systems and solutions, write code, or debug existing issues within the cloud.
In theory, anyone with experience as a web developer could be a cloud web developer, however, pay is often commensurate, and highly valued with experience in the cloud industry.
Recommended education: associates degree.
Above we learned that Business Intelligence Architects are responsible for analyzing data to help companies make more educated decisions on where to allocate their resources. Data Engineers are the ones responsible for collecting that data, finding trends in it, and developing algorithms to make it useful. A role like this requires a significant set of technical skills, including a deep knowledge of SQL database design and multiple programming languages. - cio.com
This position has morphed with the rise of cloud computing, and Data Engineers who now work with the cloud are often encouraged to obtain certification through Amazon Web Services (AWS) as they own and operate a majority of the market.
Either way, the landscape has shifted. Engineers who were once tasked with mining data with in-house excel sheets are now dealing with a number of different cloud-hosted datasets from different departments that all need to be brought together into a centralized analytics platform or other software systems. If youre a Data Engineer and are thinking about getting into the cloud industry, we found a great article by Lio Fleishman that mitigates the transition.
Note: Google also offers a Professional Data Engineer certification.
Recommended education: bachelor's degree in computer science, software or computer engineering, applied math, physics, statistics, or a related field.
Also referred to as Technical Operations Vice President, Data Officer, Information Modeling Engineer Specialist, Database Architect, Information Technology Architect (IT Architect), Data Administrator, Database Consultant, System Engineer, Data Architect, or Information Architect.
Usually, at the enterprise level, companies seek out, and employ Database Architects to transition their data into the cloud while retaining their expertise to maintain it by working with departments in operations, programming, and security.
Recommended Education: bachelor's degree in computer science, information science, or similar fields. Larger firms might want people with master's degrees.
Cloud computing is usually one of many areas that IT Project Managers, or simply, Project Managers, work with. Like with every job on this list, the role has been affected by the introduction and popularity of cloud infrastructure in companies around the world. But its looked at as more of a welcomed change than a transition.
The introduction of the cloud has allowed Project Managers to focus more on planning, organizing, allocating resources, budgeting, and successfully executing organizations specific IT goals. Where they used to have to interface directly with onsite application developers, technical leads, and QA testers to deal with data storage, they now deal exclusively with external vendors. This has allowed companies to employ a leaner stable of Project Managers who now have more free time to focus on more relevant tasks and projects.
Here are the top three skills required of Project Managers dealing with cloud infrastructure according to the CEO of Cloudwards.net, Mauricio Prinzlau:
Advanced financial and costing skills.
A deep understanding of enterprise architecture.
Vendor and contract negotiation.
Recommended education: bachelor's degree in computer science, information technology, or IT project management.
There are also many different names for this title: System Architect, Systems Consultant, Electronic Data Interchange System Developer (EDI System Developer), Network and Infrastructure Engineer, Systems Engineer, Solution Architect, Architect, Information Technology Architect (IT Architect), Research Systems Architect, and Network Engineer.
The position requires someone to design and develop solutions to complex applications problems, system administration issues, or network concerns. Perform systems management and integration functions. - careeronestop.org. When dealing with, or specializing in the cloud, the engineer or architect is responsible for:
Cloud adoption plans
Cloud application design
Cloud management and monitoring
Support for application architecture
Deployment in cloud environments
It is important for the professional to have a deep grasp of the cloud infrastructure as they will be implementing changes that directly impact a company and its employees.
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The 7 Best Jobs In Cloud Computing CareerCloud
Accounting for cloud computing arrangements: PwC
To assist in addressing these challenges, companies can use this as an opportunity to leverage technology through process automation. Visualization tools can be used to simplify and track theend-to-end process of CCA for data already captured today, or tracked specifically for project purposes. By leveraging existing technology and embracing process automation, business decisions can be made quicker, with real-time information, leading to more efficient processes and comprehensive outcomes related to accounting treatments and technology solutions.
Additionally, a cloud computing contract may require application of multiple accounting standardsmany of which have also recently changed. In these situations, companies need to consider whether costs, which would otherwise have been within the scope of the updated cloud computing standard, are accounted for using a different standard. For example, if a CCA includes an explicit or embedded lease (e.g. dedicated equipment/servers), the company would need to determine which costs are accounted for under ASC 842, versus the new cloud computing standard.
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Accounting for cloud computing arrangements: PwC
5 Best Cloud Computing Books for Beginners to Learn in 2022
My favorite books to learning Cloud Computing concepts from scratch. Very useful for beginners, both tech and non-tech people who want to learn Cloud Computing from scratch.
Hello guys, if you want to learn Cloud Computing like AWS, Google Cloud Platform, or Microsoft Azure, or any Cloud computing platform and looking for the best resources then you have come to the right place.
Earlier, I have shared both the best Cloud Computing Courses for beginners as well as some free cloud computing courses to start with. And in this article, I am going to share the best books to learn about Cloud Computing for Beginners.
The list not only includes books to learn Cloud Computing fundamentals and basic concepts like IaaS, Pass, Saas, etc but also book which covers popular Cloud computing platform like AWS.
If you are a complete beginner, Cloud computing is the field of using a network of remote servers, which are powerful computers that work twenty-four hours in a data center somewhere in the world. You can host your website, data, files on that computer and use it remotely.
The benefits of using cloud computing have made many businesses use this technology for hosting their web application as well as its cost-effective instead of hosting their services in the localhost servers and spending much money managing them.
There are other benefits of using cloud computing like its high speed in transforming data, the ability to restore and back up your data and files, helps employees in different locations to collaborate together, and many other benefits. Some of the best cloud computing are Amazon AWS, Google Cloud Platform, and Microsoft Azure.
If you are trying to get started in the field of cloud computing, then Ive listed here in this article five of the best cloud computing books, and they are for beginners as well as experts.
I have also shared a few online courses along the way to get the best of both worlds as online courses help you to learn quicker and books generally help you to learn deeper.
Without wasting any more of your time, here is a list of the best Cloud computing books to learn fundamental and essential Cloud computing concepts about computing, storage, networking, billing as well as popular public cloud platform like AWS.
As the title said, you will learn cloud computing as a beginner starting from scratch. This book is really a helpful resource to start your career in cloud computing with a lot of pictures and examples to learn as you are 10 years old, and it costs $9.99 as a kindle book on amazon.
You will cover tons of interesting topics, starting with a definition of the cloud and how it got this name and what it means when some say as a service like software as a service, and if the weather really affects cloud computing as most people think.
Here is the link to get this book Explain the Cloud Like Im 10
If you need a course, I highly recommend you to combine this book with the Introduction to Cloud Computing on Amazon AWS for Beginners course by Neal Davis, one of the authorities on teaching AWS on Udemy. This is probably the best and most up-to-date course to learn AWS and Cloud computing from scratch in a single course.
Another interesting book to learn the basics of cloud computing for beginners is this book called cloud computing for dummies for the authors Judith S. Hurwitz and Daniel Kirsch, who wrote this second edition and make it $21 as a kindle book on amazon.
You will learn about cloud computing and the security concerns like weaknesses and risks of using this technology.
You will also understand the cloud models such as software as a service and the other models IaaS and Paas, as well as managing in a multi-cloud world, developing your cloud strategy by integrating data in the cloud, promoting cloud security, and more.
You can also combine this book with the Cloud Computing for Beginners Infrastructure as a Service course from Udemy to mix some active learning. this will help you to learn cloud computing concepts better.
If you search on Amazon for cloud computing, you will get this book on the first results suggestion of amazon which means that this book is one of the top-selling on the platform.
This cloud computing book is created by the author Erl Thomas and costs $229.26 as a kindle book, quite expensive, isnt it? but, once you read the book you will see its worth it.
After you complete reading the book, you will have a solid understanding of the fundamentals of this industry known as cloud computing as well as its architecture and models, understand the business and economic factors that make the world-leading companies use this technology to host their services and websites, and more.
IF you need a course to go along with this book, Introduction to Cloud Computing course by IBM on Coursera is a nice one to start with. Its also free to audit.
Kief Morris has been in cloud computing for more than twenty years, managing and deploying IT infrastructure services. He has created a book called Infrastructure as a code, teaching you the skills needed to land a job as a system administrator or an infrastructure engineer.
The nice I like about this book is that the author has made it practical as well, not only theoretically like most of the online books, and you will learn about the tools that configure the cloud infrastructure as well as writing code to automate tasks, explore services for managing the infrastructure, and much more.
If you need a course to join along with this book, checkout Infrastructure as Code, Master AWS Cloud Development Kit CDK courses on Udemy.
As Ive mentioned earlier, one of the best cloud service providers is Amazon AWS (Amazon Web Services), and most companies nowadays are using this service. This book will give you the foundation the Amazon AWS and how to use its different services and infrastructure.
In this practical guide, you will learn what cloud computing is and why most businesses choose AWS instead of the other cloud providers.
Then you will see how you can store your data and files on the Amazon S3, as well as how to use the hardware and software cloud resources to deploy your web application using the Amazon EC2, secure your data, and more.
Here is the link to get this book AWS: The Complete Beginners Guide
And, if you need a course to go along with this book, I I highly recommend you to check out AWS Fundamentals Specialization from Coursera, which is created and offered by AWS itself and more than 20K people have already joined this course.
Thats all about the best books to learn about Cloud Computing and AWS for Beginners. The above books that I have listed with you are created by authors who have been in the industry for years, and they have shared what you will need to know if you are trying to involve in this industry, and they will definitely help you learn the skills needed to start your journey in the field of cloud computing.
At the moment, the list doesnt have any book on Google Cloud Platform or Azure but I will update it in the figure to include those.
Other IT and Cloud Certification Articles you may like:
Thanks for reading this article so far. If you like these best Cloud Computing online courses, then please share them with your friends and colleagues. If you have any questions or feedback, then please drop a note.
P. S. If you are new to the world of Cloud and AWS and looking for the best online courses to learn Amazon Web Service, then I highly recommend you to check out AWS Fundamentals Specialization from Coursera, which is created and offered by AWS itself and more than 20K people have already joined this course.
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5 Best Cloud Computing Books for Beginners to Learn in 2022
What is Cloud Computing: Definition, Career & Scope
Cloud computing is the mechanism through which computer services, including servers, storage, databases, networking, software, analytics, and intelligence, are delivered or supplied through the Internet to bring faster innovation, more flexible resources, and economies of scale. You generally pay just for the cloud services you use, lowering your operational expenses, allowing you to manage your infrastructure more effectively, and allowing you to grow as your company needs evolve.
A cloud may be both private and public. Anyone with an internet connection can be sold public cloud services. However, private cloud infrastructure is a network or data center that provides hosted services to a limited number of users with restricted access and rights. The purpose of cloud computing, whether private or public, is to give simple, scalable access to computer resources and IT services.
Cloud infrastructure refers to the hardware and software components required to properly implement a cloud computing system. Cloud computing is also known as utility computing and on-demand computing.
Here are some cloud computing examples: Dropbox, Salesforce, Cisco Webex, etc.
Cloud computing can be defined as the delivery of various services through the Internet. Tools and applications such as data storage, servers, databases, networking, and software are examples of these resources.
There are mainly three types of Cloud Computing. They have been explained below:
IaaS could be referred to as a cloud service provider managing your infrastructurethe real servers, network, virtualization, and data storagevia an internet connection. The user gains access via an API or dashboard and essentially leases the infrastructure. The user handles things like the operating system, applications, and middleware. In contrast, the provider manages every hardware, networking, hard drive, data storage, and server, as well as outages, repairs, and hardware concerns. This is the most common deployment type used by cloud storage providers.
Here are some examples of IaaS: DigitalOcean, Rackspace, Amazon Web Services (AWS), Linode, Microsoft Azure, Google Compute Engine (GCE), and Cisco Metacloud.
PaaS refers to the provision and management of hardware and an application-software platform by a third-party cloud service provider. However, the user is responsible for the applications that run on top of the platform and the data on which the apps rely. PaaS, which developers and programmers mostly use, provides users with a standard cloud service for application development and administration without creating and maintaining the infrastructure generally involved with the process.
Here are some examples of PaaS: AWS Elastic Beanstalk, Google App Engine, Microsoft Azure Web Apps, and Google Cloud SQL.
SaaS is a service that provides its consumers with a software application that the cloud service provider manages. SaaS apps are often online applications or mobile applications that consumers may access using a web browser. The user is responsible for software updates, bug patches, and other fundamental software maintenance, and they connect to cloud apps via a dashboard or API. SaaS also eliminates the requirement for each users computer to have an app downloaded locally, allowing for team access to the program.
Here are some examples of SaaS: Microsoft Office365, Google GSuite, Salesforce, DocuSign, MailChimp, Dropbox, and Slack.
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A Career in Cloud Computing
Cloud automation experts are needed to create, install, and manage automation technology since it relocates to the cloud as the world becomes more automated. It relieves human employees of repetitive activities through automation.
A cloud consultant is an expert in cloud technology who advises businesses searching for cloud-based products. Typically, a specialist will examine a companys requirements and recommend software and equipment to best satisfy that firms technical and financial requirements. A cloud consultant may also assist with the cloud move by developing migration strategies and identifying relevant platforms. In addition, consultants may be required to assist in tailoring a companys cloud presence on occasion. Thus, they should be well-versed in both broad and in-depth understanding of the leading cloud platforms.
Cloud engineers are information technology specialists who develop, deploy and maintain cloud-based solutions for enterprises. They create and deploy cloud applications, transfer on-premises applications to the cloud, and troubleshoot cloud stacks.
These individuals are responsible for the safety of their organizations Cloud systems, including evaluating possible risks and recommending best-fit technology to improve Cloud security.
These are the individuals in charge of implementing their companys entire cloud strategy. They analyze the business needs and design appropriate solutions utilizing suitable cloud services.
Scope in the field of Cloud Computing
Cloud computing benefits every business in many ways. It allows for easy information retrieval, offers virtual storage space, and handles backup difficulties. It also protects against illegal access and data loss. It enables businesses to save significantly on services and infrastructure for data storage, software licensing, servers, and hardware. With such enormous relevance in the technical arena, the future of cloud computing has become a critical problem to be addressed. Cloud computing has snowballed over the years, owing to the increasing dependence of large organizations on this technology.
Many businesses are concerned about security when using a cloud computing solution. A cloud hosts full-time duty is to closely monitor security, which is much more efficient than a traditional in-house system, in which an organization must split its efforts among a plethora of IT problems security is just one of them. The encryption of data transported over networks and kept in databases is the key to this increased security. By encrypting your data, hackers and anyone not authorized to view it are less likely to gain access to it. As an extra security step, most cloud-based services allow you to configure various security settings based on the user.
Business growth is inextricably linked to innovation. Using old technology might limit an organizations capacity to try out new solutions and deploy such solutions on a large scale. Combating back-end performance issues may be complex, particularly in the world of online applications. Using the cloud as a foundation for innovation can result in higher performance, cheaper costs, and enhanced agility.
Given the current environmental situation, it is no longer sufficient for businesses to set a recycling bin in the breakroom and claim that they are helping the earth. Cloud infrastructures promote environmental stewardship by powering virtual services instead of actual items and hardware, decreasing paper waste, increasing energy efficiency, and lowering emissions produced by commuters, given that employees may use it from anywhere with internet access.
One of the chief factors why cloud computing is significant for companies is its cost-effectiveness. Although cloud migration can be costly, the best way to tackle the pricing problem isnt to consider how much money you might just save by migrating. Assess how much your firm is presently spending on IT services against how much you will spend on the cloud.
To pursue a career in cloud computing, one needs to have a bachelor of science in software engineering, data science, computer science, or a similar area that is generally necessary. Computer programming languages are often utilized in cloud-based development, such as Perl, Python, Ruby, PHP, Java, or. NET.
Cloud computing is gaining popularity among organizations, and it has proven especially advantageous for bigger enterprises with global operations. The cloud enables these sophisticated enterprises to have remote access to data and software at any time. This provides cost-effective alternatives that may be scaled to meet the demands of businesses.
Cloud engineers are in charge of overseeing an organization's cloud-based systems and operations in general. Setting up architectures utilizing cloud providers like AWS, Microsoft Azure, Google Cloud, and others are examples of particular jobs that fall under this category.
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What is Cloud Computing: Definition, Career & Scope
Deloitte Cloud Services | Deloitte US – Deloitte United States
Ecosystems and alliances
Our clients need technology solutions that fit their businesses and power their ambitions. To deliver, Deloitte orchestrates business ecosystems of client and technology vendor relationships. We combine best-of-breed technology providers across every phase of delivery with Deloittes consulting business acumen and strong industry relationships to help your organization make the right technology choices and accelerate your possible.
We know the landscape of cloud vendors and how their varied offerings can help address specific business challenges. Our independent approach brings objectivity and deep experience to the process of vendor selection.
Learn more >
Our extensive alliance ecosystem guided by our sector and industry knowledge gives us the ability to select, connect, and customize cloud solutions that fit.
Learn more >
Through our ability to customize delivery and terms leveraging our Public Cloud Provider practices, and with our preferred partner status, we can help you plan, implement, and scale your cloud transformations cost-effectively.
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Deloitte Cloud Services | Deloitte US - Deloitte United States
Cloud Computing Continues to Exhibit Strong Growth in 2022 – ETF Trends
By Christopher Gannatti, CFAGlobal Head of Research
When you think aboutcloud computing companiesthis year, the most likely starting point will be performance1:
However, from June 16 to August 22 this year2:
The bottom line:The dominant force behind the performance of cloud computing companies has beenmacroeconomic, meaning that as theU.S. Federal Reserveand othercentral bankspursue more restrictive monetary policies to fightinflation, thevaluationsof cloud companies have fallen. Similarly, if investors feel that inflation is easing in any wayand subsequently, central banks may slow the pace of tighteningthere has tended to be a strong positive share price response.
The BVP Nasdaq Emerging Cloud Index: August 2022 Rebalance
We mention the BVP Nasdaq Emerging Cloud Index as a measure of the performance of cloud companies because it is designed to offer a precise exposure to cloud companies growing revenues by serving enterprise customers. What we see in figure 13:
Figure 1: Bringing the BVP Nasdaq Emerging Cloud Index Back to Equal Weight
The Fundamentals Will Matter Again
Up to this writing in August, it would be difficult for us to note that the main catalyst for the share price performance of cloud companies has to do withfundamentalslike revenue growth. As we noted earlier, the main catalyst has been the macroeconomic backdrop.
However, company fundamentals are always an important force and will always come back to prominence once macro pressures fade. What we see in figure 24:
Figure 2: Gauging the Fundamentals
Conclusion: Cloud Companies Will Continue to Deliver Exciting Results
In cloud computing, its important to look at all the available signals to gain the most appropriate sense of market conditions.
Bessemer Venture Partners has just put out its annual Cloud 100 Benchmarks report for 2022.5This report specifically looked at the largest and most dynamic private cloud companies, which provide important signals for the overall health of the business model.
In 2022, Bessemer specifically notes that the valuation of private companies may not be the best metric to look at if the goal is to get a sense of the health of a given market. For instance, if companies have not raised money recently, they may not have their valuations marked all the way to present market conditions. Bessemer instead focuses on what they call Centaurs. While a Unicorn has $1 billion in private market valuation, a Centaur has $100 million inannual recurring revenue.
For the 2022 Cloud 100, 70% are already achieving Centaur status and a further 10% more are quite close and could reasonably do it before the year is out. In an environment where the market is focusing much more on results than exciting stories and private funding is harder to come by, proving business success at the Centaur level is indeed important.
At WisdomTree, we work directly with Bessemer Venture Partners and Nasdaq to provide an investment strategy that seeks to track the returns of the BVP Nasdaq Emerging Cloud Index, theWisdomTree Cloud Computing Fund. If you are thinking it is an interesting time to learn more about the investment strategy, please visit ourcloud computingresearch.
1Source: Bloomberg, with data from 11/9/216/16/22.2Source: Bloomberg, with data from 6/16/228/22/22.3Source: The six-month period between rebalances is 2/22/228/22/22. The performance source is Bloomberg.4Sources: WisdomTree, Nasdaq and Bloomberg, with data measured as of 8/22/22. Further details in sourcing are below figure 2.5Source: DOnofrio, Teng, Schmitt, The 2022 Cloud 100 Benchmarks, Bessemer Venture Partners, 8/9/22.
Originally published by WisdomTree on August 30, 2022.
For more news, information, and strategy, visit the Modern Alpha Channel.
Important Risks Related to this Article
As of August 26, 2022, WCLD held 1.33%, 1.21%, 1.35%, 1.29%, 1.26%, 1.40%, 1.41%, 1.70% and 1.45% of its weight in RingCentral, Asana, Blend Labs, Paylocity Holding Corp, Box, Qualys, Gitlab, Snowflake and SentinelOne, respectively.
Christopher Gannatti is an employee of WisdomTree UK Limited, a European subsidiary of WisdomTree Asset Management, Inc.s parent company, WisdomTree Investments, Inc.
There are risks associated with investing, including the possible loss of principal. The Fund invests in cloud computing companies, which are heavily dependent on the internet and utilizing a distributed network of servers over the internet. Cloud computing companies may have limited product lines, markets, financial resources or personnel and are subject to the risks of changes in business cycles, world economic growth, technological progress and government regulation. These companies typically face intense competition and potentially rapid product obsolescence. Additionally, many cloud computing companies store sensitive consumer information and could be the target of cybersecurity attacks and other types of theft, which could have a negative impact on these companies and the Fund. Securities of cloud computing companies tend to be more volatile than securities of companies that rely less heavily on technology and, specifically, the internet. Cloud computing companies can typically engage in significant amounts of spending on research and development, and rapid changes to the field could have a material adverse effect on a companys operating results. The composition of the Index is heavily dependent on quantitative and qualitative information and data from one or more third parties, and the Index may not perform as intended. Please read the Funds prospectus for specific details regarding the Funds risk profile.
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Cloud Computing Continues to Exhibit Strong Growth in 2022 - ETF Trends
An Ocean of Data: The Future of Cloud Computing Sify – Sify
With climate change at the doorstep, Adarsh Vinay looks into the potential future of data centers
Citing environmental concerns, operational costs and the need for superfast connectivity, major market players like Microsoft and Google are looking to shift their data centers underwater.
A study by Datareportal earlier this year revealed that over 5 billion people around the world use the internet every day. In other words, 63.1 per cent of the worlds total population is accessing data online.
The study also revealed that internet users are increasing at an annual rate of almost 4 per cent. This means that two-thirds of the worlds population should be online sometime in the second half of 2023.
As the number of people accessing the internet continues to increase, there is a need to improve the physical infrastructure thats needed to support all that data. Cloud computing is an integral part of every software solutions provider and has seen a surge in demand over the course of the last decade.
The Need to go Underwater
The multitude of server networks in these data centers consume a lot of power and pump out a lot of waste. They are also high maintenance and suffer a lot of corrosion due to the oxygen and humidity on land. Temperature fluctuations and power failures also affect the effectiveness of the data centers and the maintenance cost for this is unimaginably high.
Thats not all! Another area of concern is the scarcity of space. With the surge in the need for more data centers around the globe, on-land options are bound to run out in the next 10 years.
This is why the outrageous idea of underwater data centers was first proposed.
The Out-of-the-box Idea!
Microsoft hosts an annual event called ThinkWeek where it urges employees to share out-of-the-box ideas. During the 2014 ThinkWeek, an underwater data center was proposed as a potential way to provide lightning-quick cloud services to coastal populations while also saving energy.
The reasoning was that more than fifty percent of the worlds population lives within 120 miles of the coast. With underwater data centers near coastal cities, the data would only have to travel a shorter distance, thereby speeding up the surfing and streaming requirements of the masses.
The Switch to Underwater
After the idea was received and researched, phase 1 of Project Natick was conducted in the Pacific Ocean in 2015. A relatively small data center -107 feet in dimensions and weighing 38,000 pounds was deployed underwater for just over 3 months.
After 105 days, it was retrieved from the ocean bed and extensive studies revealed that it had delivered expected results with minimal complications and drastically less power consumption.
So in 2018, Microsoft launched phase 2 of Project Natick. This was an extensive three year project which would involve submerging a full-fledged data center with 12 racks and 864 servers underwater. Scotlands Orkney Islands was chosen as the location because of its popularity as a renewable energy research destination. Tidal currents that are 9 miles per hour and waves that reach 10-60 feet high make it an intriguing site to evaluate the economic viability of a fully submerged data center.
For the next two years, researchers tested and monitored the performance and reliability of the data centers servers. When this data center was retrieved at the start of 2020, it was noted that there were just a handful of failed servers and related cables.
Though all the reasons for the same are still being researched as to why, the underwater data center was found to be 8 times more reliable than its on-land counterpart. So as far as Microsoft is concerned, Project Natick has been a grand success.
The War for Water
From 2007 to 2012, Google was using regular drinking water to cool its data center in Douglas County, Atlanta. But after environmental conversationalists started filing lawsuits, the company switched to recycled water to help conserve the Chattahoochee River. But this is proving difficult as recycling options are not available in all the locations where they have data centers.
Google has also been very closed about its water usage. It considers it a proprietary trade secret but information continues to leak out as part of legal battles and lawsuits. In 2019 alone, it was reported that Google either requested or was granted over 2.3 billion gallons in three different states in the USA. Google however has insisted that they dont use all the water they are granted.
As the company continues to chase Microsoft and Amazon in the cloud-computing market, things are bound to get more complicated in the future. As of now, Google has 21 data centers but it intends to spend USD 10 billion on data centers in the next year alone.
The Future of Underwater Centers
The overall reliability of a data center in a sealed container on the ocean floor is great for environmental, economical and connectivity reasons.
Microsoft, Google and Amazon are already looking to serve customers who need to deploy and operate tactical and critical data centers anywhere in the world. Wherever possible, they are looking to deploy these centers off the coast.
Another great motivation to relocate underseas is Microsofts aim to being carbon-negative by 2030. The company intends to do this by developing long-term cloud infrastructure. In addition, it hopes to have entirely shifted its technical reliance on renewable energy sources by 2025.
All in all, just like cloud computing is here to say, so are underwater data centers. It might seem intriguing now but very soon, it looks like it is going to become the norm!
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An Ocean of Data: The Future of Cloud Computing Sify - Sify