Category Archives: Cloud Hosting

Application Hosting Market Experiences a Noticeable Growth with Key Dynamics at High CAGR value The Bisouv Network – The Bisouv Network

Research Report on Application Hosting Market added by AllTheResearch consist of Growth Opportunities, Development Trends, and Forecast 2026. The Application Hosting Market size was valued at US$ XX Mn in 2018 and is expected to grow at a CAGR of 11.8% for the forecast period ending 2026 reaching a Market value of US$ XX Mn. The Global Application Hosting Market report covers a brief overview of the segments and sub-segmentations including the product types, applications, companies & regions. This report describes the overall Application Hosting Market size by analyzing historical data and future forecasts.

The report highlights exclusive and relevant factors that are likely to have a significant impact on the Application Hosting market during the forecast period. This report also includes the COVID-19 pandemic impact analysis on the Application Hosting market. This report includes a detailed and considerable amount of information, which will help new providers in the most comprehensive manner for better understanding. The report elaborates the historical and current trends holding the growth of the Application Hosting market

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Key Market Segmentation of Application Hosting Industry:

The segmentation of the Application Hosting market has been offered based on product type, application, Major Key Players, and region. Every segment has been analyzed in detail, and data pertaining to the growth of each segment has been included in the analysis

Top Players Listed in the Application Hosting Market Report are

Based on type, Application Hosting market report split into

Based on Application Application Hosting market is segmented into

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Impact of COVID-19 on Application Hosting Market:

Application Hosting Market report analyses the impact of Coronavirus (COVID-19) on the Application Hosting industry. Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 180+ countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Application Hosting market in 2020

Regional Analysis Covered in this Report are:

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Reasons to Buy Application Hosting market Report:

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Application Hosting Market Experiences a Noticeable Growth with Key Dynamics at High CAGR value The Bisouv Network - The Bisouv Network

3 Keys to Success for Using Cloud Solutions in Higher Ed – MarketScale

Like a wide range of industries, higher education institutions have adopted cloud solutions that offer a variety of immediate and longer-term benefits specific to the needs of universities and colleges.

Cloud computing is especially effective in supporting content services platforms that aggregate documents and information across multiple repositories to connect disparate applications. Content services are integral elements of a comprehensive digital transformation strategy, according to Gartner.

By moving to the cloud, higher education institutions can support the current shift to virtual learning, which may become a long-term trend and give IT staff more time to focus on improving the student experience and ramping up virtual learning programs. In addition, cloud access enables remote, work-from-home processes and empowers staff by providing access to information with intuitive experiences on any browser or device, from any location

AnIDG surveyof CIOs, CTOs and other technology leaders companies with 250+ employees found three top three reasons to adopt cloud solutions all directly relevant for higher education.

Disaster recovery. Sometimes, the worst happens. Cloud solutions offer better disaster recovery capabilities, including the ability to replicate content in multiple locations. For higher education, that means students and staff can get up and running as soon as possible after an emergency.

Data availability. Like any organization, colleges and universities need 24/7 access to mission-critical information where and when they need it as soon as they need it. Cloud solutions can increase uptime.

Cost savings. Compared with on-site hosting of software solutions, hosting in the cloud reduces operational costs, including staffing, overtime, maintenance and physical security. With higher education institutions under pressure to contain costs, cloud hosting offers a way to stretch your budget.

Cloud-based content services deliver value whether they are used in a single department or across the campus. For instance,John Carroll University(JCU) in Ohio wanted to eliminate manual, low-visibility tasks in its academic petition process through which students request and seek review of academic overrides and petitions. JCU implemented cloud solutions to improve processes and reap the benefits without extensive training required. That allows the university to invest more in professional development rather than installing software on each users computer.

Three keys to success in the cloud

Because of these benefits, the options and choices relating to cloud technology have expanded significantly. Nearly every content services provider offers a cloud platform. In evaluating options, here are three factors to consider in choosing the right partner:

1. Ability to meet needs across the campus.An integrated set of capabilities helps reduce reliance on overlapping point solutions as well as data fragmentation. Administrators need simple, configurable tools that empower them to easily build solutions and integrations with core applications. By giving systems the ability to share data, end users focus on students instead of searching for information.

2. Easy upgrades.Cloud-based technology should enable convenient, frequent releases and a streamlined upgrade process. This is especially important when an institution may have deployed multiple solutions. Scalability is key to ensuring all users can access the best, latest versions. Even for institutions that may have just a few solutions deployed, ahosted infrastructureenables institutions to move more quickly than a system managed on-premises. By increasing deployment speed, institutions enhance ROI.

3. Preventive accountability.When there are problems at the campus data center, it is essential to minimize downtime and that need increases with each solution deployed. A comprehensive solution should provide a full suite of safety and security features, including disaster recovery, data availability, incident response, geographical disbursement, and access to experts. Its essential that your partner offer secure data centers around the world to deliver 99.99 percent uptime and availability. You need a seasoned team of cloud professionals available 24/7/365 to provide you with oversight on governance, risk, compliance, security, network and infrastructure, database services, and support.

With the impacts ofCOVID-19, the technology needs of higher education institutions will continue to evolve, and many changes are likely here to stay, such as virtual classes and work-from home options. Behind the scenes, forward-looking institutions will be relying a lot less on on-premises infrastructure and a lot more on the cloud.

By making documents and information more readily and easily available, youll earn top grades from your end users, IT staff, and most importantly, your students.

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3 Keys to Success for Using Cloud Solutions in Higher Ed - MarketScale

Cloud Industry Overview 2021: Web Builders is the latest tool against hypercompetition – TechBullion

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The total annual revenue of the cloud industry is $111 billion, but with big shots like Amazon, Microsoft and Google Cloud dominating the market, smaller web hosting providers are using website builders as a way to stifle hypercompetition in the industry.

Amazon, Microsoft and Google Cloud are currently dominating the cloud industry with Amazon occupying 33% of the market share, Microsoft occupying 17% and Google Cloud occupying an additional 9% market share of the cloud industry. Smaller web hosting providers, such as Bluehost, Godaddy, Elementor and Wix, are up against some stiff competition and need to find innovative ways to increase their share of the market if they want to compete with Amazon, Microsoft and Google Cloud.

This is exactly what they did. To increase their share of the web hosting market, smaller players like Bluehost, Godaddy, Elementor and Wix, to mention a few, all incorporated the use of free or inexpensive website builders into their web hosting services as a means to circumvent hypercompetition in the cloud industry and erode the existing competitive advantage that bigger market players suchs as Amazon, Microsoft and Google Cloud possess.

Unlike Amazon, Microsoft and Google Cloud, web hosting providers with smaller market shares need to do everything possible to improve their market share, and adding free or inexpensive website builders to their collection of hosting services is the latest trend. By doing this, they are able to attract new customers, and not from the web hosting market but from the website builder market. Web hosting providers can use their website builders to attract new customers, specifically those interested in building their own website which later needs to be hosted. The best website builders make the most impact, and this additional source of new customers can have drastic implications for improving their total market share.

Take for example some of the more popular website builders, the Wix website builder is one of the most popular website builders on the market, with a market share of 25.18% and more than 1.1 million websites built. Godaddys website builder, GoCentral, is also a big market player, with a market share of 14.27% and Elementor is another popular website builder with more than 3 million websites built using its website builder. Upon reflection, it becomes overtly clear that smaller web hosting providers like Elementor, Wix and Godaddy are benefiting greatly from their website builders.

Website builders have the potential to create new streams of customers and revenue for web hosting providers attempting to expand their market share. Web hosting providers that do not offer website builders as part of their service packages cannot tap into or capitalize on this alternative source of new customers, which consequently gives those providers who do offer website builders an advantage over their competitors.

Before we get into how website builders act as tools against hypercompetition, lets first define hypercompetition. Hypercompetition is a market condition where competition is so intense, it creates instability in the market where competitors often challenge each other using very aggressive strategies to obtain new or retaining existing customers.

In the cloud industry, free or inexpensive website builders are the perfect lure for web hosting providers in search of new customers. Web hosting providers like Godaddy, Elementor and Wix, use their website builders, which are all free or relatively inexpensive and easy-to-use, as tools against hypercompetition in the cloud industry. Due to the fact that they are able to gain access to new customers through their website builders, their website builders erode the competitive advantage that bigger competitors such as Amazon, Microsoft and Google Cloud have. By attracting new customers in ways that not all web hosting providers are capable of, smaller market players, including the likes of Godaddy, Elementor, Wix and several other smaller market players are able to improve their market share of the cloud industry.

Free or inexpensive website builders give smaller web hosting providers a better chance to increase their market share in relation to the cloud industrys top players, which also means they can avoid hypercompetition in the market altogether.

A quick summary:

The cloud industry is to this day still dominated by the likes of Amazon, Microsoft and Google Cloud which together hold more than half of the total market share. However, the growing trend among smaller market players to incorporate free or inexpensive website builders into their web hosting packages in order to lure in new customers, which inadvertently also reduces the chances of hypercompetition in the cloud industry, may undermine the dominance of big market players in the cloud industry as smaller web hosting providers increase their market share by tapping into the website builder market.

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Cloud Industry Overview 2021: Web Builders is the latest tool against hypercompetition - TechBullion

Who is Andy Jassy? Amazons new CEO ushered in the era of cloud computing – The Guardian

Amazon on Tuesday said its billionaire founder, Jeff Bezos, would step down as chief executive officer and become executive chairman after nearly 30 years at the company.

The transition will promote the companys current cloud computing head, Andy Jassy, to the next chief executive of the company, as Bezos hands over the reins for the first time since he founded Amazon and oversaw its evolution from small online bookstore to ubiquitous retail juggernaut.

Jassy, 52, joined Amazon in 1997 after Harvard Business School. I took my last final exam at HBS, the first Friday of May in 1997, and I started Amazon next Monday, Jassy said in a Harvard Business School podcast in September. No, I didnt know what my job was going to be, or what my title was going to be.

Jassy went on to found Amazon Web Services, according to the companys website, a cloud hosting product that creates the infrastructure used by millions of companies, schools, and governments to run websites and apps.

In the years since, AWS has grown into a cloud platform used by millions that dominates legacy players like Oracle and Microsoft.

The company now owns almost half the worlds public cloud infrastructure market. It boasts a dominant 30% market share of the cloud computing market.

Competitors are eyeing Amazons top spot, however, with Microsoft and Google announcing growth in their cloud computing businesses in the fourth quarter.

His promotion underscored the importance of web services to Amazons future, said Tom Johnson, chief transformation officer at Mindshare Worldwide.

Jassys background in steering AWS shows just how top-of-mind those services are to Amazons business strategy, Johnson said. It will be interesting to see how that affects their strategy and balancing that priority with a growing ad business and the commerce behemoth.

Bezos said in a letter to staff on Tuesday that he had full confidence in Jassy. Andy is well known inside the company and has been at Amazon almost as long as I have, he said. He will be an outstanding leader.

Bezos added that he would stay engaged in Amazon initiatives. But I will also have the time and energy I need to focus on the Day 1 Fund, the Bezos Earth Fund, Blue Origin, the Washington Post, and my other passions, he wrote. Ive never had more energy, and this isnt about retiring. Im super passionate about the impact I think these organizations can have.

Jassy is known for understanding technical details, and has bestowed a rock-star aura to keynotes at AWSs annual Las Vegas conference. He has occasionally spoken out on social issues, tweeting about the need for police accountability after Breonna Taylor, a Black woman, was killed in her home by white policemen during a botched raid, and in favor of LGBTQ+ rights.

Amazon said it was not announcing an AWS replacement for Jassy yet.

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Who is Andy Jassy? Amazons new CEO ushered in the era of cloud computing - The Guardian

NetApp Appoints Carrie Palin to Board of Directors – Web Hosting | Cloud Computing | Datacenter | Domain News – Daily Host News

SUNNYVALE, Calif.(BUSINESS WIRE)NetApp (NASDAQ: NTAP), a global cloud-led, data-centric software company, today announced that Carrie Palin, senior vice president and chief marketing officer of Splunk, provider of the Data-to-Everything Platform, has joined its Board of Directors. Palins appointment aligns with NetApps commitment to diversity and a refreshed Board of Directors. This brings the number of directors on the NetApp Board to nine, eight of whom are independent and half of whom have been appointed within the last five years.

NetApp delivers innovation to meet the needs of customers navigating a rapidly changing world, said NetApp Chief Executive Officer George Kurian. Carrie has deep experience in strategic, customer-focused marketing and insight into how companies are using data to create new customer experiences and new business opportunities. Her experience will enable NetApps mission to help organizations advance their businesses through data.

Carrie brings with her a keen understanding of the customer journey to the cloud and how to market software and cloud services, which aligns closely to NetApps strategy for growth. said Mike Nevens, chair of the NetApp Board. We are looking forward to her partnership and contributions to NetApps long-term shareholder value creation.

NetApps growth is impressive and its vision for the future is compelling, said Palin. As we enter the next decade, it is essential for companies across all industries to better harness the power of data, and NetApp is best positioned to help customers do just that. I look forward to contributing to that journey as a member of the board.

About Carrie Palin

Carrie is senior vice president and chief marketing officer at Splunk, where she leads Splunks marketing and communications strategy. While at Splunk, she has led the company through a complete brand refresh and contributed to Splunks successful cloud transformation. As an ardent supporter of diversity, equity, and inclusion, Carrie serves as executive sponsor of both the Pride and Neurodiversity employee resource groups at Splunk, as well as Women in Technology initiatives. Prior to Splunk, Carrie was senior vice president and chief marketing officer at both SendGrid (acquired by Twilio) and Box, Inc. She served as vice president of marketing for IBMs Cloud Data Services division and held myriad marketing leadership roles during a 16-year career at Dell. Carrie earned a B.S. in communications from Texas Christian University.

About NetApp

NetApp is a global cloud-led, data-centric software company that empowers organizations to lead with data in the age of accelerated digital transformation. The company provides systems, software, and cloud services that enable them to run their applications optimally from data center to cloud, whether they are developing in the cloud, moving to the cloud, or creating their own cloudlike experiences on premises. With solutions that perform across diverse environments, NetApp helps organizations build their own data fabric and securely deliver the right data, services, and applications to the right peopleanytime, anywhere. Learn more at http://www.netapp.com or follow us on Twitter, LinkedIn, Facebook, and Instagram.

NETAPP, the NETAPP logo, and the marks listed at http://www.netapp.com/TM are trademarks of NetApp, Inc. Other company and product names may be trademarks of their respective owners.

Contacts

Press Contact:Chris Drago

NetApp

(408) 822-6403

chris.drago@netapp.com

Investor Contact:Lance Berger

NetApp

(408) 822-6628

lance.berger@netapp.com

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NetApp Appoints Carrie Palin to Board of Directors - Web Hosting | Cloud Computing | Datacenter | Domain News - Daily Host News

Tory grandees weigh into row over Amazon cloud contracts with government – Telegraph.co.uk

Lord Holmes, the Conservative life peer, said it was important theGovernment did not rely too much on one supplier.

"If AWS is reached for as a solution to all, it's not too difficult to see where that road leads...What we're currently seeing is the latest iteration of the biggest player being able to eat the largest piece of pie," said Lord Holmes. "That should be at least of significant interest to the private sector as well as the public sector."

Lord Maude, the former minister for the Cabinet Office, said: "When it comes to hosting, we've regressed into allowing a small group, and one vendor in particular, to dominate.

"If you take a view of the Government as simply as a customer, it makes absolutely no sense for the Government to be overly dependent on one supplier. No one would sensibly do that."

The comments follow an industry roundtable this week, organised by British cloud supplier UK Cloud, into the issues with the current procurement system.

Suggestions at the roundtable included the Government bringing in external advisors to assist onprocurement, ensuring technical expertise. Names such as Stephen Kelly,the former chief operating officer of HM Government, and Dame Margaret Hodge MP also were attending.

Baroness Nicky Morgan, who chaired the event and acts as an advisor to Grayling, a lobby group that is understood to have previously worked with UK Cloud, this week said there remained "alot of work to do across Government to ensure procurement capability is improved".

Others, however, have warned against an "outright protectionism" when awarding contracts.

Robert Colvile, from theCentre for Policy Studies said:The Government already has a strategy in place to ensure that it doesn't depend on one supplier for cloud computing. But that must not shade into outright protectionism, or 'buying British' purely for the sake of it.

"It's clear that the priority - as with all our procurement - should be to get the best quality at the best price.

The Government is preparing for an overhaul of its procurement processes. In December, it published its "Procurement Green Paper", which detailed planned changes to itsprocurement rules, including ways it could increase transparency and provide more opportunities for smaller domestic businesses to bid for government contracts.

A spokesman for the Cabinet Office said: "Amazon Web Services is just one of the Governments thousands of cloud service providers and our procurement decisions are always based on getting value for taxpayers and the best quality services."

Amazon did not respond to requests for comment.

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Tory grandees weigh into row over Amazon cloud contracts with government - Telegraph.co.uk

What is Cloud ERP Software? Benefits & System Options – CIO Applications

In a cloud-based environment, companies can easily build towards setting up a range of integrated functionality or include more users into the system quickly. This enables businesses to scale faster if they plan on branching out overseas.

Fremont, CA: Cloud computing is gradually gaining popularity as it is versatile, scalable, and can save companies resources and money. Companies undergoing digital transformation such as adopting Enterprise Resource Planning (ERP) software solutions can choose from the broad range of benefits to achieving their goals. An ERP system implements different functions into one system and simplifies processes throughout the organization.

For cloud-based ERP solutions, organizations need to pay a subscription fee to providers to integrate the software, which can be accessed online via the providers software server. The vendor is responsible for the server infrastructure data integrity, updates, backups, and security measures.

The benefits of cloud ERP are:

Software Functionality: In a cloud-based environment, companies can easily build towards setting up a range of integrated functionality or include more users into the system quickly. This enables businesses to scale faster if they plan on branching out overseas.

Technical Deployment: The deployment of cloud-based ERP is quicker, simpler, and cost-effective as there is no need for on-site infrastructure.

Costs Involved: Companies implementing software-as-a-service model of cloud technology is a less expensive option for them and the vendors. Businesses also opt for monthly payments for their software usage for budgeting, saving a lot on IT management and support overheads.

There are two options in the cloud environment. Organizations with private cloud need to maintain, manage and update hosted data centers since all data are stored on the companys intranet. The servers need upgrading or replacing over time, which can be costly. Bigger organizations prefer private cloud-hosting as it provides higher security as data is available only through secure and private network links.

Public cloud-hosting has higher benefits as only the provider is responsible for the management of their data centers. Smaller businesses choose this option as it lowers lead times for testing, allowing faster launching of new products. The only issue is the security issues and disaster recovery, but they can be solved with built-in redundancies. Choosing a suitable provider will help secure assets in case of a breach or natural disaster.

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What is Cloud ERP Software? Benefits & System Options - CIO Applications

What is Cloud Computing for Video Processing and Delivery? – CXOToday.com

Cloud computing has become routine, as anyone accessing word documents from work through their smart phone can attest. However, cloud computing has begun to impact every aspect of audiovisual production and distribution. What is cloud computing for video processing and delivery, and what are the points for and against it?

What is Cloud Computing for Video Processing and Delivery?

Cloud computing for video delivery is commonplace. Someone creates the video and uploads it to an account on the cloud. The video is made available to their paying subscribers or the general public. The cloud host may have a single copy of the file viewable to whoever searches for it. Or they may have dozens of copies of the file distributed across data farms around the world to minimize delays and meet high demand.

Cloud computing for video processing generally refers to someone accessing video editing and processing software through an account. You use software maintained by the service, and you can choose to save your files there. Publication moves the video from your working files location to the cloud services public facing servers.

What Are the Benefits of Cloud Computing for Video Processing and Delivery?

The benefits of cloud computing for video processing and delivery are the same as many other cloud computing applications, though there are addition benefits for video hosting and streaming media services. Cloud computing can scale up almost immediately, and it can be scaled down almost as quickly. This is true in terms of memory and bandwidth. And youll only pay for what you need. For large institutions, shifting to the cloud lowers the cost to store and distribute each video, as platforms like YouTube can attest.

Depending on the cloud computing service you use, you can access a wide range of software applications at a relatively low cost per employee. Allow your video editor or animators to access the same high-end software as your rivals. Furthermore, when they can store the video to the cloud, the files are accessible to other team members no matter where theyre located. A side benefit of working in the cloud is that the files are backed up along with everything else. You dont risk losing your newest commercial or livestream because someones laptop was stolen or corrupted by malware.

Cloud computing is starting to include the entire video delivery chain from content management to online ads. Moving to the cloud so that your files are seamlessly integrated with these other tools is invaluable.

What Are the Risks and Downsides of Cloud Computing for Video Processing and Delivery?

As several free speech social media startups learned, one of the risks of cloud computing on a Big Tech cloud is that your service may be cut off if the companies that control the servers decide they dont like you. Your video distribution could be limited because they dont like the topics you cover or even because the keywords associated with the video are considered problematic.

You can eliminate this risk by choosing a cloud that is on-premises. Or you can balance the cost-savings with greater control by choosing a hybrid model for your video and cloud computing. You could then control what data is stored on the cloud and what is saved inside your own network. That can protect critical data from hackers while giving you access to enterprise-level software applications.

Whatever model you choose, youre going to have to balance cost with intangibles like disaster recovery.

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What is Cloud Computing for Video Processing and Delivery? - CXOToday.com

Technology innovation of the year: Scotiabank – Risk.net

Derivatives clients of Scotiabank may have noticed the banks pricing has been tighter of late. They may not know this is due to its new risk engine, which was built to calculate valuation adjustments (XVAs) faster and more accurately.

XVAs reflect the credit, funding and capital costs associated with trading over-the-counter derivatives. Dealers typically incorporate these adjustments into the price of a new trade. But calculating XVAs is one of the largest computational challenges banks face on a daily basis.

Scotiabanks risk engine combines a mathematical technique known as adjoint algorithmic differentiation, or AAD, with deep neural networks, a branch of artificial intelligence a mashup the bank claims is a first.

The system is powered by graphics processing units (GPUs) running in the cloud another first.

The result is a tool that allows traders and risk managers to better understand exposure across asset classes, including rates, credit, foreign exchange and commodities. This insight proved invaluable for Scotiabank during the coronavirus chaos earlier in 2020, particularly as liquidity dried up in some markets.

When markets started to dislocate at the end of March and into April, the risk engine enabled the bank to run multiple scenario analyses to calculate, on-the fly, the impact to its book.

We tested different flavours of correlation and used these to guide our hedging strategy as we saw which scenario unfolded in the markets on any given day. The migration to this new platform has given us greater visibility into our risk, says Karin Bergeron, head of XVA trading at Scotiabank.

John Gjata, Scotiabank

The risk engine gave the bank a better steer for how to respond to market gyrations when volatility was at its most unpredictable, she adds: We ran scenario analysis on large rapid moves in credit, interest rates and FX. Although it was impossible to predict the exact scenario, this warned us ahead of time that if we saw a 100 basis point move in credit, we would need to put on large hedges in the rates and FX markets.

The banks fears of outsized swings in credit prices were realised. The CDX index of investment grade credit default swaps blew out from mid-40 basis points in February to around 140bp in March before retracing to 84bp in mid-April.

A surge in credit risk during that period, coupled with a jump in funding costs, contributed to billions in losses from XVAs for major investment banks. JP Morgan, for example, took a $951 million XVA hit in the three months to March 31, although it also saw a partial reversal the next quarter, booking a $510 million gain from XVAs.

Scotiabank did not report an XVA charge on its balance sheet during the quarter ending April 30, although it took a one-off C$116 million ($88 million) charge the previous quarter as a result of a methodology change.

The bank did record a C$150 million rise in the amount of capital it set aside to cover credit valuation adjustments in the three months ending April 30, 2020, but this figure fell by roughly the same amount the following quarter.

John Gjata, global head of fixed income solutions at Scotiabank, says the quicker pricing produced by the engines souped-up computation is having a big impact on the banks business with large institutional clients, including bank treasuries. Trade flows have increased, he says, as it is able to better exploit fleeting dislocations in the market, especially in highly liquid G7 currencies.

Gjata adds that the system also shows its advantages in calculating risk on trades in longer tenors and in more esoteric currencies.

Scotiabank reported a 33% year-on-year rise in revenues for its wholesale banking business to end-October 2020. These results included a 38% increase in capital markets revenues and an 87% increase in rates and credit trading revenues.

The standard way of calculating XVAs is to run numerous Monte Carlo simulations of a derivatives portfolio under different scenarios. For this, banks generally rely on vast computing grids of central processing units, or CPUs.

In 2016, Scotiabank began experimenting with AAD, a whizzier mathematical trick for calculating sensitivities at high speed. Other banks had adopted the technique a year or two before, but Scotiabank started a project to combine AAD with GPUs, which are said to be around 10 to 50 times faster than their CPU cousins. This pairing was described in 2015 by vendor Numerical Algorithms Group as the holy grail.

The bank also opted to deploy GPUs on the cloud, which it claims is a more efficient way of operating. Cloud hosting means the bank does away with owning a large amount of expensive hardware that is difficult to manage and under-utilised during parts of the week.

Tom Pickering, Scotiabank

We can go out and buy a GPU machine but it will be obsolete in a years time. Weve already gone through one complete machine refresh on this, to keep us at the leading edge of GPU performance, says Tom Pickering, technology fellow at Scotiabank. Using cloud GPUs enables the bank to turn fixed costs to floating costs.

The cloud GPU platform, hosted on Microsoft Azure, was first deployed in March 2019. The bank says it allows for more detailed scenario modelling, assessing more than 10 times the number of previous scenarios.

In 2020, Scotiabank was finally able to switch on the AAD function of its cloud-hosted GPU platform, having used a less efficient but easier to implement mode until then. The bank teamed up with Numerical Algorithms Group to develop the AAD algorithm library.

The result is a tool that can evaluate large numbers of first and second order sensitivities in around 30 minutes during end-of-day batch processing. On a normal day the platform is available on demand for XVA pricing, which it takes in the order of 20 seconds to calculate. And, during periods of market stress, the system can be scaled up to provide intraday risk and scenario calculations. For portfolios with 100,000 trades, the XVA engine can execute 915 million valuations per second.

Another landmark was to add artificial intelligence-based technology to the engine, which Scotiabank did in 2020. Inpartnershipwith tech vendor Riskfuel, the bank has traineddeep neural networks (DNNs) as a valuation methodology within the framework.RiskfueltakesScotiabanks models then trainsitsDNNs toreplicatethem.

The DNNs replace a hand-coding model and are built on a common infrastructure that uses linear algebra. This limits the need to code lots of models, as once the DNN infrastructure is built it does not need to be built again. After training, the DNNs are co-located with the Monte Carlo simulation on the Azure GPU cards. They currently cover a range of moderately exotic payoffs including Asian options and barrier options.

Andrew Green, lead XVA quant at Scotiabank, and Riskfuel CEO Ryan Ferguson described how deep learning could be used to value derivatives in a 2018 paper called Deeply Learning Derivatives.

Andrew Green, Scotiabank

Green says the method used is similar to the Longstaff-Schwartz approach, which allows a portfolio to be compressed to a single regression function so that it need not be revalued at each time point.

Put into practice, the platforms web interface allows the banks front office to run XVA analysis with real-time data on either existing active trades or what-if trades with potential clients. The system is available for calculation 24/7 globally.

The atypical market conditions experienced in March and April caused problems for the trading desk, which the risk engine helped address, Gjata says: Market movements create sensitivities and those sensitivities create axes, for example in a cross-currency basis for a pair that we want to trade. That pair could trade on average $50 million a day, but we have an axe for four times that, which is difficult to get executed in the market, especially in a period where liquidity has dropped to zero.

So, the bank would seek clients who need to issue debt in a foreign currency and swap it back to Canadian dollars. The risk engine would help the desk price 50 to 100 new issue hedge permutations of the same trade to find the client that would benefit most from the transaction.

You run all the different scenarios and then, voil, you find one issuer for whom the idea suits that day, Gjata says.

The new engine has borne fruit particularly with the flow segment of the business, which requires sharp and instantaneous pricing.

So now youve got a happy issuer, because theyre able to raise debt, youve got a happy investor that was able to buy debt cheaply in their local currency. And Scotiabank is able to get all its risk done at a decent market level, Gjata adds.

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Technology innovation of the year: Scotiabank - Risk.net

HostNoc Review: The Best Dedicated Server Hosting in 2021 Times Square Chronicles – Times Square Chronicles

HOSTNOC might not have the same level of popularity as some of the established players in the market but it is a new player that is worth keeping an eye on. With an umbrella of services and products designed to fulfill diverse business needs, HOSTNOC is here to give IT service industry market leaders a run for their money.

What makes HOSTNOC stand out from the crowd is its bang for buck proposition. By delivering top of line hardware at affordable prices, it is making technology more accessible for small and mid-size businesses. With so much going for it, we decided to give HOSTNOC a try and here are our thoughts.

Introduction

HOSTNOCis one of the newest entrants in the IT service landscape that offer something for everyone. Whether you are looking for a dedicated server, cloud server, VPS server or web hosting, you will find all that under one roof so you dont have to go to other service providers for different services.

HOSTNOC uses modern hardware to deliver unrivaled performance. The flexibility and scalability of their solutions make it an ideal choice not only for current but also for your future IT needs. With thousands of satisfied clients and counting, you can rely on them. HOSTNOC guarantees99.99%uptime and when you combine that with round the clock monitoring and backup services, you get a perfect combo that gives you premium support you wont find anywhere else.

Here are some of the reasons why you should choose HOSTNOC over other options.

What really makes HOSTNOC a worth considering option is that they do not cut any corners or make compromises on key areas such as performance despite the low price. As a result, you get the users to get superior performance without breaking your bank.

With HOSTNOC99.9%uptime guarantee and round the clock customer support, you get peace of mind.Add to that the real-time security monitoring and daily data backups, you can rest assured that your data is in safe hands. HOSTNOC takes things a step further by offering DDoS protection to ensure your business doesnt have to face downtime in case of a DDoS attack.

When you factor in all those features and compare it with affordable pricing plans, you get the best value for your money. HOSTNOC makes dedicated servers accessible for even small size businesses and startups by offering them at cheap rates. Want to reduce the burden over your IT teams shoulders, you can opt for HOSTNOC managed services. They offer managed services for both servers and cloud as well as hosting.

Here are some of the services HOSTNOC offers:

If you are a small business who always wanted to experience the performance and reliability offered by dedicated servers but could not due to budget constraints then, HOSTNOC have you covered with pocket-friendly packages. Choose a pricing plan according to your business needs and pay only for what you use.

Do not let the low price of HOSTNOC cheap dedicated servers fool you. They are not only inexpensive, but they are also powerful, a surprising combination that you rarely find with other service providers. That is one of the biggest selling points of HOSTNOC dedicated server packages as they combine power with affordability.

Do not need a dedicated server because your needs are basic? HOSTNOC have you covered with their shared, cloud, andVPS servers. Strike the perfect balance between price and performance with HOSTNOC VPS servers. You can also go with the shared server if you are on a tighter budget.

Get the performance, reliability, and security of a dedicated server at a price of a shared server with a HOSTNOC VPS server. HOSTNOCs VPS server offers a perfect middle ground between price and performance. It gives you the best of both worlds that too at an unbeatable price.

HOSTNOC chooses premium hardware for its servers which makes them deliver exceptional performance on a consistent basis. Users can also choose from faster SSDs or traditional HDD based servers depending on their needs.

SSD-based VPS servers deliver faster read and write speeds as well as power efficiency but they also cost a little more. Meanwhile, HDD based servers give you more storage capacity at a lower price but you have to deal with slightly slower read and write speeds. You will notice the difference when loading applications as SSDs based servers deliver much better application loading time and a better user experience thanks to its responsiveness.

This makes it an ideal choice for handling higher traffic loads. Whats more, the hardware resources are dedicated which means that even if your server is accessed by multiple users simultaneously, your performance will not be affected. Want more resources and bandwidth? Get our unlimited bandwidth VPS and stop worrying about resources.

Unlike traditional hard drives, solid-state drives dont have any moving parts, which makes them more reliable and durable. As a result, SSDs are less prone to hardware issues caused due to moving parts such as heating and hardware degradation over time. Our best VPS server hosting delivers the reliability and stability businesses need from their servers.

Our VPS server puts users in the driving seat by giving them complete control over their servers. Users can choose their desired operating system as well as the applications they want to run. HOSTNOC gives its users root access, which makes server tweaking a breeze. You can open a port without having to contact the server provider.

Thanks to advancements in virtualization technologies, VPS servers have dipped in price. With HOSTNOCs VPS servers, you can take advantage of dedicated server performance and security without having to own a best dedicated server.HOSTNOCalso offers different packages to cater to your varying business needs. Take advantage of discounts and special offers and get a pretty good deal on both dedicated and VPS servers.

Pros and Cons

Here are some of the pros and cons of HOSTNOC.

Pros:

Cons:

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HostNoc Review: The Best Dedicated Server Hosting in 2021 Times Square Chronicles - Times Square Chronicles