Category Archives: Cloud Computing
These are 10 of the best-performing stocks since Jim Cramer’s ‘Mad Money’ debuted on TV – CNBC
Jim Cramer
Scott Mlyn | CNBC
With "Mad Money" relocating to the New York Stock Exchange floor, Jim Cramer on Monday looked back at some of the best-performing stocks since his show debuted on CNBC more than 17 years ago.
Here is a quick overview of the criteria used to compile the list:
Now, here are 10 of the best-performing stocks since "Mad Money" has been on TV:
Netflix takes the cake, with its shares up 13,853% since "Mad Money" debuted. Cramer noted the streaming-video pioneer maintained the top spot, even with its large year-to-date declines.
Up next is Apple, which has seen its its stock advance 10,321%, as of Friday, in the time "Mad Money" has been on TV. "In 2005 I was recommending it on the strength of the iPod, but then they come up with the iPhone and the rest is history," Cramer said.
Regeneron Pharmaceuticals, whose CEO, Leonard Schleifer, was one of the first guests to appear on "Mad Money," has gained more than 10,000% since the show's debut.
The energy drink maker is the fourth-best performer, checking in with a gain of 8,444% over the aforementioned time period.
The company formerly known as Priceline has "beaten out its competitors in the online travel space," Cramer said. Since "Mad Money" debuted on CNBC through Friday, the stock advanced 7,599%.
Chip designer Nvidia gained 7,211% between the March 14, 2005, close and Friday. Similarly to Netflix, Nvidia's giant upside move includes the stock's struggles since its November all-time high.
The ecommerce and cloud computing giant is the seventh-best gainer, rising 6,463% over the specified time window. Cramer noted the stock's gains would've been even more impressive if not for its roughly 32% year-to-date decline.
Shares of biotech firm Illumina advanced 4,918% between the close of March 14, 2005, and Friday.
Monolithic Power Systems designs integrated circuits that are used for power management, and some of the semiconductor firm's biggest end markets include the automotive and computing and storage sectors. The stock is up 4,784%, as of Friday, since "Mad Money" debuted on CNBC.
Tyler Technologies is a software maker that, essentially, enables cities and towns to go digital. The company's shares have gained 4,642% over the aforementioned window.
Cramer said some of the best-performing stocks may seem obvious with the benefit of hindsight. Regardless, he said the exercise shows the power of sticking with the market even through periods of turbulence like the global financial crisis of 2007-2009. He said the lesson is especially valuable to remember this year, as the market has struggled amid a Federal Reserve tightening cycle and geopolitical uncertainty.
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These are 10 of the best-performing stocks since Jim Cramer's 'Mad Money' debuted on TV - CNBC
Network as a Service Market Worth $46.6 Billion by 2027 – Exclusive Report by MarketsandMarkets – PR Newswire
CHICAGO, July 18, 2022 /PRNewswire/ --According to a new market research report "Network as a Service Market by Type (LAN and WLAN, WAN, Communication and Collaboration, and Network Security), Organization Size (Large Enterprises and SMEs), Application, End User (BFSI, Manufacturing, Healthcare) and Region - Global Forecast to 2027", published by MarketsandMarkets, the global Network as a Service Market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 19.0% during the forecast period, to reach USD 46.6 billion by 2027 from USD 13.2 billion in 2022. Virtual private networks (VPNs), MPLS links, and other obsolete network architectures can all be replaced with NaaS. Additionally, it may take the position of onsite network infrastructure like load balancers and firewalls appliances. The enterprise networking architecture has been significantly impacted by NaaS, a more recent approach for traffic routing and enforcing security requirements.
Browse in-depth TOC on"Network as a Service Market"277 Tables35 Figures296 Pages
Download PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=94208411
As per type, the network security segment to grow at highest CAGR during the forecast period
The Network as a Service Market by type is segmented into LAN and WLAN, WAN, communication and collaboration, and network security. As per type, the network security segment is expected to grow at the highest CAGR during the forecast period. Globally, there is a lot of corporate, private, and regulatory data on network connection. There have been significant social and economic losses as a result of the rise in cyberattack against businesses. Organizations have been required to invest more in security as a consequence, which is anticipated to drive the expansion of the network security segment over the course of the projected year.
Small and Medium-Sized Segment to grow at the highest CAGR during the forecast period
As per organization size, small and medium size Segment to grow at the highest CAGR for the Network as a Service Market during the forecast period. The Network as a Service Market by organization size is segmented into large enterprises and SMEs. SMEs adoption of contemporary IT infrastructures and operational processes optimization are two aspects anticipated to foster sector growth throughout the projected term. By combining cloud computing, automation, and virtualization, a distribution system has been created that provides connection support for small enterprises much more affordably and reliably. Especially as they transition to automation, the clouds, and experiment with cutting-edge digital technologies, smaller businesses are expected to boost their IT investment, which will be beneficial to NaaS providers.
As per region, North America to have the highest market size during the forecasted period
As per region, North America to have the highest market size during the forecasted period. The US is a big contributor to the market expansion in North America. Early acceptance of cutting-edge technical solutions as well as notable program evaluation by industry stakeholders through collaborations with multiple industry participants are both responsible for the rise. The market for network-as-a-service in North America is expanding as a result of cloud computing's widespread adoption, sophisticated IT infrastructure, and a growing consolidation of the major organizations in the industry.
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Some of the major Network as a Service Market vendors are AT&T (US), Verizon (US), Telefonica (Spain), NTT Communications (Japan), Orange Business Services (France), Vodafone (UK), BT Group (UK), Tata Communications (India), Lumen (US), Comcast Business (US), Axians (France), Servsys (US), TELUS (Canada), KDDI (Japan), Cloudflare (US), PCCW Global (China), China Telecom (China), Singtel (Singapore), China Mobile (China), GTT Communications (US), Aryaka Networks (US), Telia (Sweden), Telstra (Australia), Deutsche Telekom (Germany), Colt Technology Services (UK), Wipro (India), HGC (China), TenFour (US), PacketFabric (US), OnX Canada (Canada), Megaport (Australia), Epsilon (Singapore), IPC Tech (US), and Microland (India).
Browse Adjacent Markets: Data Center and Networking Market Research Reports& Consulting
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Software-Defined Wide Area Network (SD-WAN) Marketby Component (Solutions (Software and Appliances) and Services), Deployment Type (On-Premises and Cloud), End User (Service Providers and Verticals), and Region - Global Forecast to 2025
Network Automation Marketby Network Automation Tool, Intent-Based Networking, Network Type (Physical, Virtual, and Hybrid), Service, Deployment Mode (Cloud and On-Premises), End User, Enterprise Vertical, and Region - Global Forecast to 2025
About MarketsandMarkets
MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
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Network as a Service Market Worth $46.6 Billion by 2027 - Exclusive Report by MarketsandMarkets - PR Newswire
Why Google Cloud Beats AWS, Azure In Silicon Valley: CloudWerx – CRN
Cloud News Mark Haranas July 14, 2022, 02:28 PM EDT
One of Google Clouds fastest-growing partner startups, CloudWerx, explains to CRN why Google Cloud is besting AWS and Azure, and why CloudWerx placed its bet on Google versus the competition.
Fast-Growing Startup CloudWerx Is Winning With Google Cloud
One of Google Clouds fastest-growing partners says its Silicon Valley customers are placing their bets on Google versus Amazon Web Services and Microsoft Azure, which helped CloudWerx achieve Google Clouds Premier Partner status faster than any other channel partner in history.
Were seeing a ton of this now in Silicon Valley where the customers that are AWS 100 percent, they now want more leverage, said CloudWerx CEO and co-founder Jason Geis. Then once they start to play around with Google, they love it. And once it gets in, then it just continues to grow.
San Jose, Calif.-based CloudWerx is a cloud consulting startup that placed its future on Google Cloud versus AWS or Microsoft Azure.
The solution provider has a focus on winning digital-native companies in Californias Silicon Valley area with a 100 percent customer retention rate. CloudWerx is on pace to increase annual revenue by 10-times in 2022, with Google Cloud sales accounting for the vast majority of sales.
AWS is the worldwide market share leader in cloud computing, holding approximately 33 percent share of the global market as of the first quarter of 2022, according to IT research firm Synergy Research Group.
Microsoft Azure is No. 2 at 22 percent global cloud market share, followed by Google Cloud at No. 3 at 10 percent share.
CloudWerxs sales and marketing leader Betsy Reed said Google Cloud is currently offering the best-in-class technology out of any cloud vendor in the market today.
Obviously, Amazons the leader. You then have Azure and then you have Google coming up in third place. But its not because the product isnt superior, its because they just hadnt focused their efforts and energy in selling and servicing customers on their public cloud, said Reed, who co-founded the cloud startup. Google now, in our humble opinion, has the best-in-class cloud platform with the Google Cloud Platform with the most native features, security and otherwise.
In an interview with CRN, Geis and Reedwho both have decades of experience in the IT and channel industrytalk about why Google Cloud is gaining momentum on AWS and Azure.
Mark Haranas is an assistant news editor and longtime journalist now covering cloud, multicloud, software, SaaS and channel partners at CRN. He speaks with world-renown CEOs and IT experts as well as covering breaking news and live events while also managing several CRN reporters. He can be reached at mharanas@thechannelcompany.com.
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Why Google Cloud Beats AWS, Azure In Silicon Valley: CloudWerx - CRN
Citigroup is actively investing to improve automation, says CFO – CFO Dive
Dive Brief:
Investment in technology is also becoming a key expense driver for the bank. Expenses overall increased 8% for Citigroup, and 3% of that spend was driven by transformation investments, Mason said, with two-thirds relating to risk, control, data and finance programs.
Approximately 25% of the investments in those programs are related to technology, he said during the earnings call. And as of today, we have over 9,000 people dedicated to the transformation.
Citigroup revenue topped analyst expectations for the second quarter, the only one of the four major banks which reported earnings this past week to do so. Revenue jumped by 11% to $19.6 billion. JPMorgan Chase, Morgan Stanley and Wells Fargo, meanwhile, all reported tepid second quarter results, with Chase CEO Jamie Dimon pointing to continuing geopolitical tensions and inflation as factors that will likely continue to negatively impact the economy.
Citis technology and transformation spend are geared toward consolidating its platforms and services in favor of cloud-based solutions, with the bank inking an agreement with a major software provider to both modernize and move its 16 ledger platforms to one cloud-based ledger over a multiyear period, according to its Friday earnings call.
While IT spending is expected to reach $4.5 trillion globally this year according to a July 13 prediction by Gartner, CFOs and other key members of the C-Suite such as chief information officers (CIOs) are growing more discerning with where they place those funds and towards what technologies. Gartner adjusted its forecast for overall IT growth this year from 5% to 3%, with executives facing an increasingly tight labor market especially regarding technology skills likely to turn more frequently to third-party firms and services rather than building out their own platforms.
A July 1 CNBC survey also found three-quarters of tech leaders expect their organizations tech spend to continue to grow this year, but companies are also likely to shell out more funds for software and advanced technologies such as artificial intelligence (AI) rather than hardware. AI, cloud computing, automation and machine learning were the top areas tech decision-makers expected to spend.
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Citigroup is actively investing to improve automation, says CFO - CFO Dive
VivoAquatics and the VivoPoint Solution, Shortlisted for 2022 SaaS Awards – PR Web
Richard Lindhorn, Vice President VivoAquatics said: To be awarded this recognition in the SaaS Awards, the SaaS industrys de facto recognition platform, is an immense honor. It demonstrates a true commitment to excellence and innovation from our team.
LOS ANGELES (PRWEB) July 18, 2022
VivoAquatics and the VivoPoint solution, has been shortlisted in the 2022 SaaS Awards program in the following categories
Best SaaS Innovation in the Internet of Things Best SaaS for Catering and Hospitality Best SaaS for Productivity Best SaaS Product for Business Intelligence or Analytics
Now in its seventh year of celebrating software innovation, the Software Awards program accepts entries worldwide, including the US, Canada, Australasia, EMEA and UK.
Categories for 2022 include Best Enterprise-Level SaaS and Best Data-Driven SaaS, alongside new categories including Most Agile or Responsive SaaS Solution of the Year.
Head of operations for the SaaS Awards, James Williams, said: Innovative technologies have always driven industry forward, and having disrupted the software business, SaaS continues to mature as a key driver for sustained improvement across manifold verticals.
SaaS technologies are now part of successful business DNA. Continuing to evolve, this year weve seen a raft of truly remarkable software solutions, making it extremely difficult for our team to eliminate candidates at the shortlist stage.
The shortlisted candidates announced today, however, have proven to be truly innovative thinkers in the SaaS industry, whether theyre freshly-funded disruptors or established names.
Our judges were very impressed with the volume of original solutions for modern business in all industry areas. Stay tuned for our August announcement of category finalists, representing those few solutions who can demonstrate that extra edge in impressing our international panel of judges, who are now left with a next-to impossible task.
Richard Lindhorn, Vice President VivoAquatics said: To be awarded this recognition in the SaaS Awards, the SaaS industrys de facto recognition platform, is an immense honor. It demonstrates a true commitment to excellence and innovation from our team.
SaaS Awards finalists will be announced on Tuesday 23 August 2022, with the ultimate category winners announced on Tuesday 13 September 2022.
To view the full shortlist, please visit: https://www.cloud-awards.com/2022-saas-awards-shortlist/.
The SaaS Awards program will return with a new program in Spring 2023. Hundreds of organizations entered, with entries coming from North America, Canada, Australia, UK, Europe and the Middle East.
A sister program to the SaaS Awards, The Cloud Awards Cloud Computing Awards, will soon accept submissions for a new 2022-23 program, continuing its recognition of excellence in cloud computing, with an October deadline.
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VivoAquatics and the VivoPoint Solution, Shortlisted for 2022 SaaS Awards - PR Web
Karnataka to be the data centre destination of choice: CBRE Report – Economic Times
Karnataka is set to be a premium DC destination in India. With the DC policy in force, Karnataka is anticipated to lead as one of the top digital economies in the country.
The DCs in Karnataka are expected to expand exponentially in view of a proactive policy push and owing to the enabling existing digital infrastructure in the state.
The growing potential of Big Data, Industry 4.0, 5G, and cloud computing will drive DC demand in the state together with the expanding Indian OTT streaming industry, which is expected to grow at a CAGR of 22-25%, and the media and entertainment industry, which is likely to grow at a CAGR of 10-12% by 2030, as per industry estimates.
CBRE report states that several initiatives by the central government will lead to data localization, aided by the National E-commerce Policy 2019 and Personal Data Protection Bill 2018 that would restrict cross-border data flow.
Furthermore, grant of infrastructure status in budget 2022-23 will give impetus to DCs in Karnataka. Additionally, Karnataka Digital Economy Mission which aims to create one million jobs by 2025 and targets US$ 150 billion in IT exports, would bolster demand for digitalization and data storage requirements in the state, particularly in Bangalore.
The latest CBRE Q2 research shows that Bangalore has 100 MW of DC capacity, the second-largest in India. Moreover, Bangalore is designated among the top 30 start-up ecosystems globally.
As per the CBRE report, a dedicated DC policy will facilitate additional sustained institutional investment in the medium to long term and strengthen demand for DC, especially in Bangalore. As a technology, R&D, and shared services platform pioneer, Bangalore will lead in attracting operators and investor interest in the DC space. An established IT hub of India and an industrial stronghold, Bangalore is also the largest office market in the country, with about 30% of the overall leasing in the past five years.
Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa, CBRE, said, Karnatakas digital economy is bound to accelerate, and the state is being envisioned as becoming the most popular choice for setting up DCs, given the robust existing digital infrastructure besides an integrated favorable policy ecosystem and civil infrastructure. This undoubtedly positions Karnataka as a data center destination of choice that will attract investments, and Bangalore will be a dominant turf for DCs in Karnataka.
The DC policy, which targets investments worth INR 10,000 crore and aims to double the existing capacity to 200 MW by 2025, will alter the real estate contours in the state as supporting infrastructure will require to be future-ready with ESG compliance, he mentioned.
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Karnataka to be the data centre destination of choice: CBRE Report - Economic Times
Cloud computing: Here’s the security threat you should be most worried about – ZDNet
Image: Getty Images/iStockphoto
Poor identity, access and credential management is the biggest cybersecurity challenge for cloud computing, after the shift to remote working has redefined the workplace and changed priorities around the use of cloud applications and services, warns new research.
According to a survey of 700 industry experts on security issues in the cloud industry carried out by the Cloud Security Alliance, a not-for-profit that promotes best practices for cloud computing, insufficient identity, credential, access and key management for privileged accounts is a top concern around cloud cybersecurity.
The shift towards remote and hybrid working has changed how businesses and employees operate, no longer accessing office applications and productivity suites installed on their PCs at the office, but rather accessing the tools they need through software-as-a-service and cloud-based productivity suites from any device, no matter where they are.
That shift means managing access to resources and files is vital, especially when administrator or other high-level privilege access is required. But organisations are struggling to achieve this, particularly as many end users are now situated outside the company firewalls and traditional protections.
The ability to access cloud tools with a username and password is proving highly beneficial for many workers and employers,but it's also providing cyber criminals with low-hanging fruit. If hackers can breach the username and password, they have the same access as the user and with a legitimate account, which means suspicious activity might not be detected as promptly.
ZDNET SPECIAL FEATURE:SECURING THE CLOUD
But it isn't just cyber attackers from outside the company who can take advantage of misconfigured identity, access and credential management, if it isn't managed properly. It's also possible for these issues to be exploited by insider threats employees who can exploit the lack of controls to escalate their access privileges and gain access to data they shouldn't be able to.
They could be doing this just because they can, taking it with them to a rival company, or putting it up for sale to cyber criminals to exploit.
While gaining access to login credentials for cloud accounts is an increasingly common technique used in cyberattacks, in some cases, the attacker doesn't need a username or a password at all, because data stored in the cloud is being left exposed and is accessible to anyone who knows where to look.
The report also warns against some other common cloud security flaws, including:
In order to improve identity and access management controls, the report recommends organisations implement a zero-trust model of cybersecurity, requiring validation at every stage of the user's journey through the cloud environment, preventing them from using one set of credentials to gain access to things they don't need to.
Users should also be required to avoid using weak passwords, so intruders can't use brute force attacks or guesswork to gain control of accounts. In addition, users should be equipped with multi-factor authentication to create an extra barrier against attacks.
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Cloud computing: Here's the security threat you should be most worried about - ZDNet
Cloud Computing Market in Healthcare Industry Insights and Emerging Trends by 2028 – BioSpace
Wilmington, Delaware, United States: According to the report, the global cloud computing market in healthcare industry was valued at US$ 383.0 Bn in 2020 and is projected to expand at a CAGR of 10.8% from 2021 to 2028. Cloud computing is delivery of tools and applications such as data storage, software, databases, servers, and networking services through the Internet. Cloud computing enables accessing data and information virtually or on cloud remotely.
Read Report Overview - https://www.transparencymarketresearch.com/healthcare-cloud-computing.html
Companies use cloud computing services to store files and applications at remote severs and access all the data though Internet. Cloud computing is either private or public, with public cloud services offered through Internet at certain price and private cloud services offered to particular group of people.
Rise in cost of delivering healthcare services to the patient community has induced the healthcare industry to evolve as one of the largest industries with trillions of dollars spent within the public and private sectors. Aging population and global economic development have resulted in demand for better healthcare, which fueled the growth of the healthcare industry. Cost-effective approaches with optimal operational efficiency are in demand. Cloud computing helps healthcare organizations share all the information that is stored across various information systems in real time and increases productivity and cost-efficiency. The healthcare cloud computing market in healthcare industry is estimated to witness high growth over the next few years.
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Technological Advancements to Drive Cloud Computing Market in Healthcare Industry
Cloud computing is a growing trend in the digital transformation of the healthcare industry catering to the needs of the patients. Companies such as IBM and Microsoft are prominent in providing technically advanced cloud-based solutions to patients. Cloud-based solutions tackle the key challenges in the healthcare industry by increasing the cost effectiveness and managing the sufficient healthcare ecosystem. Contribution of cloud computing in boosting the personalized medicine industry that caters to the requirement of patients to identify disease risk and response to the tailor-made treatment therapy.
HCPs utilize the cloud computing technology to enhance their forecasting, communication, and decision-making capabilities to develop an IT infrastructure. The HCPs use big datasets for accurate decision and to establish a cost-effective model. For instance, Pfizer incorporated cloud-computing technology in lung cancer drug, Xalkori, which is used for treatment of patients with ALK mutation. Wireless technologies and cloud are a perfect solution for the problems related to unavailability of healthcare in rural areas. TeleCloud, the combination of telecare and cloud allows physicians and healthcare experts to diagnose and treat patients beyond geographies, real time, and cost effectively.
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Key Strategies Adopted by Prominent Players to Drive Cloud Computing Market in Healthcare Industry
In February 2022, Salesforce announced launch of safety cloud product, which would bring the business and communities for managing health and entry & testing protocols for creating safer in-person experiences at workplace and events. In January 2022, Mayo Clinic selected Oracle Fusion Analytics and Oracle Fusion Cloud Applications Suite to integrate and meet the goals set in 2030. This cloud-based solution will provide Mayo Clinic a single administrative platform for streamlining the supply chain management, HR, resource planning, analytics, and simplifying the processes.
In January 2022, IBM announced selling its healthcare data and analytics assets business from Watson Health business company to Francisco Partners. This collaboration will strengthen Francisco Partners technology products and utilize its healthcare acquisitions to advance in the healthcare industry.
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Platform-as-a-Service (PaaS) Segment to Expand at High Growth Rate
The global cloud computing market in healthcare industry has been segmented based on service model, pricing model, cloud type, and end-user. In terms of service model, the global market has been classified into infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS), and software-as-a-service (SaaS). The infrastructure-as-a-service (IaaS) segment accounted for the largest market share in 2020.
The platform-as-a-service (PaaS) segment is expected to grow at rapid pace during the forecast period. This is because PaaS simplifies application development and deployment on the cloud. PaaS creates web applications quickly, without the need of underlying software or hardware and provides all the support for complete life cycle of building and delivering web applications entirely on the web.
North America to Lead Cloud Computing Market in Healthcare Industry
North America dominated the global cloud computing market in healthcare industry in 2020, accounting for the largest share. Technological advancements in healthcare, well-established healthcare infrastructure, large biopharmaceutical industry, adoption of artificial intelligence, machine learning, and use of electronic health records to streamline the operations across hospitals & clinics and to maintain patient records are anticipated to propel the cloud computing market in healthcare industry in the region during the forecast period. The growth of the market in North America can be attributed to the need of healthcare organizations to manage and optimize their complex IT systems, provide faster & flexible healthcare delivery to patients and physicians through mobile & other easy access systems, comply with regulatory standards, and maintain confidentiality of patient data.
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Europe held the second largest share of the global cloud computing market in healthcare industry in 2020. The market in the region is expected to expand at a faster CAGR over the next few years. Cloud deployment enables healthcare organizations to save cost, manage complex healthcare processes, and maintain patient information securely. These factors are likely to drive the healthcare market in the next few years, which in turn is projected to fuel the growth of the cloud computing market in healthcare industry in the near future.
Competition Landscape
The global cloud computing market in healthcare industry is niche due to presence of prominent and established players in the market. Key players operating in the market are CareCloud Corporation, ClearDATA Networks, Carestream Health, Inc., AGFA Healthcare, Cisco Systems, Inc., Merge Healthcare, Inc., IBM Corporation, Intel Corporation, Microsoft Corporation, Oracle Corporation, Amazon Web Services, e-Zest, Kinvey, and Salesforce.
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Cloud Computing Market in Healthcare Industry Insights and Emerging Trends by 2028 - BioSpace
Already on the edge, Akamai sets its sights on cloud computing and security – Protocol
If you asked CEO Tom Leighton to describe Akamai Technologies five years ago, his response would have been different from his answer today.
Today he describes the company as the worlds most distributed cloud services provider with services in compute, security and delivery. The company, which continues to evolve from its start as a content delivery network (CDN) provider, hit a key milestone in that journey last quarter.
Revenue from Akamais security and compute business combined to eclipse its delivery revenue for the first time. Security revenue increased 23% year-over-year to $382 million, and compute revenue hit $78 million, up 32%. Delivery revenue, meanwhile, fell 6% to $444 million.
Next year, security will be the largest of the three, Leighton said in an interview with Protocol.
It wont be the majority yet by itself, but itll be bigger than delivery and compute. Depends how fast compute grows, but thats an enormous market, and who knows, maybe compute will be the largest in five years. It'll be a tough fight with security for that crown, because those are both very fast-growing areas for Akamai.
Akamai bolstered its security and computing capabilities with two big acquisitions in the last eight months. It bought network security company Guardicore for $600 million in October, adding its micro-segmentation technology that blocks the spread of malware to Akamais zero-trust security portfolio for enterprises. In March, Akamai completed its $900 million acquisition of Linode, a cloud infrastructure-as-a-service provider that positions itself as an alternative to AWS, Microsoft Azure and Google Cloud.
Leighton, who has led Akamai since 2013 after co-founding the company in 1998 and serving as its chief scientist, talked to Protocol about Akamais cloud-to-edge strategy.
This interview has been edited and condensed for clarity.
Why did you decide to diversify Akamai?
Its what customers want, and its something we always wanted to do. We started with delivery. Early on, we provided security solutions for the government, but the industry wasnt ready yet for it, didnt fully appreciate it. It wasnt really until 2012 that companies started to appreciate they needed Akamai to protect them, that they just couldnt do it themselves anymore.
Also, early on 2000, 2001 time frame we started edge computing and, again, we were ahead of the industry. Thats before AWS existed, and the industry wasnt ready for edge compute then. We even had edge Java. We had edge WebSphere, Edge Side Includes. We pioneered the standard with Oracle back in 2001.
We did elementary things that our customers could use, but in terms of full-blown applications at the edge, it was too early. It just got popular lately. Actually, for 20 years the industry our competitors said edge was stupid. And all of a sudden they woke up and said, Oh, edge is really the future, and then they claim to have an edge, which they dont. Now, fast forward, we have thousands of customers using our edge computing capabilities today.
And now with the acquisition of Linode, well have core cloud computing capabilities. Thats the last big piece, in a sense, because now our customers can build their apps on Akamai, they can run them on Akamai, they can secure them with us and they can deliver, of course, through Akamai.
Akamai CEO Tom Leighton Photo: Akamai
What are Akamais security strengths and how does Guardicore fit into your strategy?
We've been in security a long time. I dont know that most of the world realized it, but we have been providing security services to protect U.S. government websites since probably 2001. We really started protecting major banks in 2012, 2013. And today we have the market-leading web app firewall solution [Web App and API Protector (WAAP), formerly known as Kona Site Defender] by far. Pretty much all the major banks and commerce companies use our security services. We have the best denial-of-service-prevention capabilities, the best protection for end-user accounts so they dont get stolen. Thats really important for banking accounts or commerce accounts, but, increasingly, media accounts your gaming accounts or your OTT [over the top] accounts are big targets.
What Guardicore does is that [it] protects enterprises from ransomware, and ransomware is the top problem today for enterprises. Its crushing, and Guardicore identifies applications when they've been hit with ransomware, and then stops it from spreading. And thats the key for stopping the damage from ransomware.
Typically segmentation has had sort of a bad name in the industry, because it was done in hardware, which made it really hard to do and not very effective. You physically separated your networks, and thats just really painful in an enterprise, so most enterprises didnt do it. But Guardicore invented a way to do it in software, where they place an agent or think of it as a mini firewall in every application. That agent tells when an application is doing something it shouldn't be doing or is being exploited in some way. It can also tell if it's got vulnerabilities like Log4j, and then it notifies the IT shop or the security shop that you got a problem here. Even better, it stops the problem from spreading. It doesn't let the malware jump from an HVAC unit into a critical operational system. And that way you limit the blast radius from ransomware. You limit the exposure to data exfiltration.
We view it as the cornerstone of a zero-trust strategy for an enterprise. The problem today is you could buy everybody's security services, and malware's still probably getting in somewhere. The key is really to know when it got in, where it got in and to stop it from spreading.
Why should enterprises use Linode over AWS, Microsoft Azure or Google Cloud or in addition to them under a multi-cloud strategy?
In short, it's the same reason that so many enterprises use us for delivery instead of AWS and Google and the other hyperscalers, and the same reason why they use us for security instead of those giant companies. In fact, those giant companies use us for delivery and security today. We have edge compute, and we're the best at that. Edge compute lives in 4,000 locations on Akamai, close to 1,000 cities around the world. Major companies, including those hyperscalers, use us for that.
For the core cloud compute, it is really easy to use Linode, very popular with developers and it's less expensive. Now what we need to do and will do over the course of the next year or so is make sure that Linode has the capabilities and the features that major enterprises need. Today they have some large customers, but mostly small and medium businesses and developers, and so there are some things that we need to do there that will make it enterprise-grade. When you put it in connection with our edge platform that has edge computing and, of course, our market-leading delivery and security you get a really exciting combination.
There's a lot of room for growth in cloud computing for the workloads. We know all the major enterprises or a lot of the major enterprises. They know us, and they're using us for delivery and security. Many of them have been asking us to develop a compute capability. And many of those companies compete with the hyperscalers, and they would like to have Akamai provide that capability, because we don't compete with them. We're not a threat to them. We're not a threat to be looking at their data. Of course, the fact that it's really easy to use and less expensive, I think that's helpful, too. It's about a third off [competitors] published pricing.
I expect that down the road the hyperscalers will also be using our compute solution as part of the overall Akamai platform. Some of the hyperscalers [parent companies Amazon and Microsoft] are our largest customers, and some are really good partners as well. It just broadens the capabilities that they can do on Akamai. I expect they will have applications that they're going to want to have running on containers or VMs in hundreds of places close to end users, and Akamai will have that capability. We're pretty unique in that.
What products or services do you need to add to entice enterprises? Will you offer managed services in the future?
There's certain base capabilities that we're in the process of adding VPC, reliability zones, getting it to be PCI-compliant, FedRAMP-compliant, that sort of thing just sort of basics. Linode has a good ecosystem of apps on top of it [that are] not managed today. And so for those customers that want to have managed third-party apps on top of Linode and not do it themselves, yes, we would be offering that capability over time or in conjunction with partners that would do the management of the services for them.
What edge computing products and services do you have today and what industries are using them?
There's a variety of things we do. We have a JavaScript engine that's running on all our edge servers, and customers can use that to create functions as a service. We also create packaged functions, we call them Cloudlets. In some cases, our customers created those, and then we offer them to other customers. So things you'd like to do with a website or application, A/B testing, failover capabilities, personalized content. And there's a special class of capabilities we call Edge Side Includes, which we launched in 2001, that allows our customers to program their page so it's dynamically assembled on the edge. We have thousands of customers using that today have for close to 20 years.
Delivery is still your largest business, but the growth is slowing. What's driving that, and do you expect it to recede to pre-COVID levels?
The traffic is growing, [just] not at as fast a rate. We're in a year now where it's a non-COVID year lapping on top of a COVID year, and so people are outside more, they're actually going back and doing shopping in stores more, so there's less traffic growth. I think this year will not be a strong year in terms of the delivery business revenue. Next year you get back into a more normal situation where you have a non-COVID year over a non-COVID year, and so you have more of normal dynamics then.
The main verticals for delivery are sort of two components. There's the big traffic verticals, which would be OTT and media: software, gaming downloads. Then there's the transaction verticals, which don't have a lot of traffic, but have high value for the traffic that they have, and that would be led by commerce, retail, hospitality and so forth. They're all growing traffic, but not nearly at the rates that they were.
This story was updated to correct a few transcription errors.
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Already on the edge, Akamai sets its sights on cloud computing and security - Protocol
KT vows to spend W27tr on network, AI, cloud over 5 years – The Investor
A logo of KT (KT)
South Korean telecommunications giant KT said Thursday it plans to spend a combined 27 trillion won ($21.5 billion) in the field of network infrastructure, artificial intelligence and cloud computing over the next five years until 2026.
KT, Koreas largest telecommunications firm by revenue as of 2021, also pledged to hire 28,000 employees during the same period.
The 12 trillion won package will be used for AI, cloud computing and media content. KT will hone AI-powered products such as automated customer service centers and robotic services, as well as hyperscale AI computing, data centers and other cloud computing infrastructure.
Another 3 trillion won will be KTs cash ammunition for startup investment and possible strategic alliances with startup investees. KT has so far made early stage investments in startups such as Pinkfong, the entertainment firm behind the global phenomenon Baby Shark, travel booking app operator Yanolja and cloud managed service provider Megazone Cloud.
This is the first time that KT has unveiled prospective investment figures related to the non-network business realm.
In the meantime, KT will maintain its spending on network infrastructure and research on par with the past, which amounts to 12 trillion won over five years. High-speed wireless internet connections will be stabilized as KT seeks to strengthen infrastructure by setting up more cables or adding more routers, while more disaster recovery centers will be located outside Greater Seoul. More research will be carried out in tandem with the arrival of next-generation internet standards such as 6G.
The announcement came in the 20th year of KTs privatization. State-owned Korea Telecom was fully handed over to private-sector entities in August 2002.
By Son Ji-hyoung (consnow@heraldcorp.com)
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KT vows to spend W27tr on network, AI, cloud over 5 years - The Investor