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Forestry & Land Scotland grows new digital infrastructure and cuts out legacy dead wood – diginomica

(Image by Joe from Pixabay)

In a forest, it's the towering trees that draw your attention. However, a forest is a complex ecosystem, and it's within the roots and undergrowth where much of the detail and wonder takes place. Big societal changes are similar, take Scottish devolution, there's been a lot of focus on the powers that the Scottish parliament has gained, but devolution triggered a series of changes across institutions, each of which has led to technological change.

An example of this is Forestry and Land Scotland. Originally part of the Forestry Commission, Forestry and Land Scotland was founded in 2019, Nick Mahlitz, Senior Digital Infrastructure Manager at Forestry & Land Scotland, left the shores of the famous Loch Ness to describe the new technology direction and the role of cloud computing in replacing legacy systems.

Forestry & Land Scotland manages over 1.5 million acres of national forests and land, which is about 9% of the Scottish land mass. Those woods and glens are the revenue generators for Forestry & Land Scotland through sales of timber, venison, or access for holidays, hiking and mountain biking. It is an agency of the Scottish government, which employs 1,300, mostly in operational roles such as lumberjacks and archaeologists, Mahlitz says. Separation of the technology from the Forestry Commission took place in 2019. Today, Forestry & Land Scotland has IT teams at two main office locations in Edinburgh and Inverness; but Mahlitz does get out into the woods:

At forestry, for non-foresters days, I'll drive a timber harvester, spend the day on the peat restoration or work in the venison chillers, and that is where I and IT get to really engage and understand the challenges of the organization.

Talking of the separation, he says:

As a newly devolved organization, we had very little to go on when it came to predicting what IT we might need. On the plus side, we did inherit some legacy platforms, but they needed urgent updating.

Forestry & Land Scotland inherited an on-premise data center, which Mahlitz says of:

We had a diverse and old technology stack, which had received little investment. Some of the systems were 20 years old, including an ERP that was written in-house. The lack of investment was because the previous organization was waiting for devolution. So the technology had not kept up.

Initially, Forestry & Land Scotland opted for a private cloud hosting agreement for three years to give the organization time to consider its strategy, especially as a new remit brought a new appetite for what technology could do. This enabled an upgrade to the data center to hyperconverged infrastructure (HCI) using the Nutanix Cloud Platform, running 300 virtual machines delivering databases and back office applications.

As Forestry & Land Scotland met with diginomica, the private data center agreement was coming to an end, and Mahlitz was preparing to move to a complete cloud infrastructure for the organization, so they opted to stay with Nutanix. Forestry & Land Scotland is using the Nutanix Cloud Cluster (NC2) platform to manage their Microsoft Azure estate, Mahiltz says:

We initially saw NC2 as a kind of stopgap that would allow us to pick up our on-premise data center and run it on Microsoft Azure while we went about re-engineering applications to run on that platform natively.

Opting for Microsoft Azure aligns Forestry & Land Scotland with the Scottish government, which is a major user of Azure. Mahiltz says his organization will therefore be able to use Azure-based services as part of the Scottish government. He says:

By the end of this year, we will be 100% on Azure. The data center has come to the end of its life, so we needed to re-tender and re-architect.

Which is what shaped Mahlitz' thinking. The NC2 platform has bought Forestry & Land Scotland time, as it doesn't need to re-architect applications in a hurry. Without refactoring, Mahiltz has also avoided having to find those skills for a medium-term benefit. Although business technology leaders would rather not lift and shift, and it is well understood that this doesn't deliver optimum cloud savings, sometimes business needs to trump best practice. Mahiltz says:

We were given the opportunity to see for ourselves how easy it would be to move our applications to the public cloud using Nutanix NC2, how they would actually perform and understand the benefit of being able to manage them using the same tools as on our existing on-premise data center. It also gave us a real insight into just what we could save by not having to re-code and acquire new specialist skills to run applications natively on the Azure platform.

We deployed everything with little assistance. So we will take a lot of the legacy to the cloud and then transform it, including the ERP.

Having avoided reskilling in order to give old applications and business processes extended life, Forestry & Land Scotland can look forward to the skills it will require to meet the agency's new remit. Infrastructure management will be brought under a single console for cloud-based virtual machines, as well as on-premises technology.

Although a lift and shift may not sound it to some, Mahlitz says this move is in keeping with the needs of Forestry & Land Scotland and its five-year transformation programme. Forestry & Land Scotland also counts Citrix, Okta, Zscaler and Oracle as its key technologies. Mahiltz adds that the ability for NC2 to manage existing product licences on the new platform and use its data replication tools for automation will be beneficial to the government agency.

Forestry & Land Scotland is an organization that finds itself central to one of the most important issues of our time - sustainability. In the years to come, the organization will be storing carbon, continue producing carbon-neutral resources from its forests and be part of Scotland's vital tourism and sports sector, which will be on display to the world in August 2023 as Scotland hosts the first ever UCI combined cycling world championships.

More importantly, Mahlitz and his team have demonstrated that infrastructure decisions are business decisions. As Forestry & Land Scotland prepares to explore the use drones, virtual reality and continue to digitise its operations, infrastructure needs to be simplified and the platform for change, not the change itself.

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Virtual Desktop Infrastructure (VDI) Tool Market Is Expected to Boom … – Chatfield News-Record

Virtual Desktop Infrastructure (VDI) Tool Market research report has been published by Research Cognizance to give desired insights to drive the growth of businesses. The research report provides all the information related to the industry. It gives the outlook of the market by giving authentic data to its client which helps to make essential decisions. It gives an overview of the market which includes its definition, applications and developments, and manufacturing technology. This Virtual Desktop Infrastructure (VDI) Tool market research report tracks all the recent developments and innovations in the market. It gives the data regarding the obstacles while establishing the business and guides to overcome the upcoming challenges and obstacles.

Get the PDF Sample Copy (Including FULL TOC, Graphs, and Tables) of this report @:

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Competitive landscape:

This Virtual Desktop Infrastructure (VDI) Tool research report throws light on the major market players thriving in the market; it tracks their business strategies, financial status, and upcoming products.

Some of the Top companies Influencing this Market include:

Kasm, Vagrant, Ace Cloud Hosting, Amazon WorkSpaces, Nutanix, Teradici, Red Hat, Nerdio, V2 Cloud, SolarWinds, Parallels, Evolve IP, Citrix, Shells, Hysolate, Xen Project, VMware, Paperspace, Neverfail, Cisco, IBM, 10ZiG, Nvidia

Market Scenario:

Firstly this Virtual Desktop Infrastructure (VDI) Tool research report introduces the market by providing an overview that includes definitions, applications, product launches, developments, challenges, and regions. The market is forecasted to reveal strong development by driven consumption in various markets. An analysis of the current market designs and other basic characteristics is provided in the Virtual Desktop Infrastructure (VDI) Toolreport

This report provides a detailed and analytical look at the various companies that are working to achieve a high market share in the global Virtual Desktop Infrastructure (VDI) Tool market. Data is provided for the top and fastest-growing segments. This report implements a balanced mix of primary and secondary research methodologies for analysis. Markets are categorized according to key criteria. To this end, the report includes a section dedicated to the company profile. This report will help you identify your needs, discover problem areas, discover better opportunities, and help all your organizations primary leadership processes. You can ensure the performance of your public relations efforts and monitor customer objections to stay one step ahead and limit losses.

GlobalVirtual Desktop Infrastructure (VDI) Toolmarket segmentation:

The market is segmented on the basis of the type, product, end users, raw materials, etc. the segmentation helps to deliver a precise explanation of the market

Market Segmentation: By Type

Cloud-basedOn-premises

Market Segmentation: By Application

SMEsLarge Enterprises

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Regional Coverage:

The region-wise coverage of the market is mentioned in the report, mainly focusing on the regions:

An assessment of the market attractiveness with regard to the competition that new players and products are likely to present to older ones has been provided in the publication. The research report also mentions the innovations, new developments, marketing strategies, branding techniques, and products of the key participants present in the global Virtual Desktop Infrastructure (VDI) Tool market. To present a clear vision of the market the competitive landscape has been thoroughly analysed utilizing the value chain analysis. The opportunities and threats present in the future for the key market players have also been emphasized in the publication.

This report aims to provide:

Table of Contents

Global Virtual Desktop Infrastructure (VDI) Tool Market Research Report 2023-2030

Chapter 1 Virtual Desktop Infrastructure (VDI) Tool Market Overview

Chapter 2 Global Economic Impact on Industry

Chapter 3 Global Market Competition by Manufacturers

Chapter 4 Global Production, Revenue (Value) by Region

Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions

Chapter 6 Global Production, Revenue (Value), Price Trend by Type

Chapter 7 Global Market Analysis by Application

Chapter 8 Manufacturing Cost Analysis

Chapter 9 Industrial Chain, Sourcing Strategy, and Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

Chapter 11 Market Effect Factors Analysis

Chapter 12 Global Virtual Desktop Infrastructure (VDI) Tool Market Forecast

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Critical Flaws in AMI MegaRAC BMC Software Expose Servers to … – The Hacker News

Jul 20, 2023THNHardware Security / SysAdmin

Two more security flaws have been disclosed in AMI MegaRAC Baseboard Management Controller (BMC) software that, if successfully exploited, could allow threat actors to remotely commandeer vulnerable servers and deploy malware.

"These new vulnerabilities range in severity from High to Critical, including unauthenticated remote code execution and unauthorized device access with superuser permissions," Eclypsium researchers Vlad Babkin and Scott Scheferman said in a report shared with The Hacker News.

"They can be exploited by remote attackers having access to Redfish remote management interfaces, or from a compromised host operating system."

To make matters worse, the shortcomings could also be weaponized to drop persistent firmware implants that are immune to operating system reinstalls and hard drive replacements, brick motherboard components, cause physical damage through overvolting attacks, and induce indefinite reboot loops.

"As attackers shift their focus from user facing operating systems to the lower level embedded code which hardware and computing trust relies on, compromise becomes harder to detect and exponentially more complex to remediate," the researchers pointed out.

Eclypsium's findings are based on an analysis of the AMI firmware leaked in a ransomware attack carried out by the RansomExx crew targeting hardware-maker GIGABYTE in August 2021.

The vulnerabilities are the latest additions to a set of bugs affecting AMI MegaRAC BMCs that have been cumulatively named BMC&C, some of which were disclosed by the firmware security company in December 2022 (CVE-2022-40259, CVE-2022-40242, and CVE-2022-2827) and January 2023 (CVE-2022-26872 and CVE-2022-40258).

The list of new flaws is as follows -

When chained together, the two bugs carry a combined severity score of 10.0, allowing an adversary to sidestep Redfish authentication and remotely execute arbitrary code on the BMC chip with the highest privileges. In addition, the aforementioned flaws could be strung together with CVE-2022-40258 to crack passwords for the admin accounts on the BMC chip.

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It's worth pointing out that an attack of this nature could result in the installation of malware that could be used for conducting long-term cyber espionage while flying under the radar of security software, not to mention performing lateral movement and even destroy the CPU by power management tampering techniques like PMFault.

While there is no evidence that the flaws have been exploited in the wild, the popularity of MegaRAC BMC a critical supply chain component found in millions of devices shipped by major vendors makes it a lucrative target for threat actors looking to control every aspect of the targeted system.

"These vulnerabilities pose a major risk to the technology supply chain that underlies cloud computing," the researchers said. "In short, vulnerabilities in a component supplier affect many hardware vendors, which in turn can be passed on to many cloud services."

"As such these vulnerabilities can pose a risk to servers and hardware that an organization owns directly as well as the hardware that supports the cloud services that they use."

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The cutting-edge property inspection and operations software … – Open Access Government

In the UK, approximately a quarter of all construction projects are in the public sector. From major infrastructure works to public housing to facilities, public sector output can be wide-ranging and varied.

However, to see these projects move successfully and efficiently from design to build and beyond requires a seamless blend of communication, collaboration, transparency, and resource management at every level.

This is where the Crown Commercial Service comes in. Established in 2014, the CCS is an executive agency of the UK government. It plays a pivotal role in the procurement and management of approved suppliers, thus ensuring that goods, services and works for the public sector are cost-effective and of a high standard.

The CCS engages in policy, strategy, and framework development, with a remit to deliver value for money in the public sector procurement process. Frameworks provide pre-negotiated conditions for goods and services to facilitate access to a wide range of suppliers at competitive prices.

Here at Property Inspect, were proud to be counted among the select handful of approved Crown Commercial Service providers, offering our award-winning property inspection and operations software to the public sector in order to streamline and protect public sector projects.

Although we operate globally with established footholds in markets across South Africa, Europe and the United States, we were founded in the United Kingdom in 2015 and we care passionately about the built environment in our home country.

Our mission, therefore, is to empower departments and professionals across the real estate landscape to streamline property operations and improve the lives of the people that invest, build, own, manage, work and live in them. We aim to achieve this by making every building compliant, transparent, and safe.

Our CCS Vertical Application Solutions Framework Contract cements our position as a trusted supplier, enabling us to deliver software that does exactly that streamlining property inspections and operations to improve property management throughout the public sector.

Obtaining the CCS award enables us to establish connections with government organisations that are in desperate need of smarter and safer solutions to enhance their operations for the benefit of society, while at the same time improving processes, increasing efficiency and saving money.

The Property Inspect platform allows for seamless administration and operations of a property, or a property portfolio, through property inspection and operation solutions that place emphasis on efficiency and compliance.

We do this using a range of smart features, such as automated tasks and seamless communication and collaboration tools for stakeholders like contractors and teams, ultimately enabling everyone involved in the process to become more agile and efficient with their processes.

Property Inspect removes the many barriers pen and paper formats have presented in recent years, digitising core areas in the property inspection process to keep all departments informed and efficient throughout the lifecycle of a project.

Whether thats through maintenance tracking, digital property inspections, client logins, scheduling or invoicing, the Property Inspect platform has been built with efficiency, compliance and safety in mind.

Maintenance is of significant importance for the continued success of any public sector project, so weve made it easy for maintenance teams to log, manage and report on maintenance issues, organise cleaning schedules and track replacements for sensors, smoke alarms, and more, thereby aiding compliance.

In addition to this, the work order option makes it easier than ever to create checklists and assign tasks to contractors, notifying them when and where to carry out essential maintenance. With clear cost breakdowns for each task, they can be quickly marked as complete, with outstanding lists updated and distributed automatically.

Another area where Property Inspect really excels is through the use of pre-built and customisable report templates. Every public sector project in the UK requires one or many inspections, but these can often be time-consuming and manual. So, from simple risk assessments to in-depth building surveys, weve built a range of ready-to-use digital templates, speeding up the process enormously.

These customisable, pre-made report templates include:

Whether youre out in the field or in the office, our desktop, iOS and Android app allows you to deliver faster, more detailed and more accurate property inspection reports, capturing building and asset conditions and tracking maintenance issues, all whilst reducing time at the property by over 50%.

Used in over 40 countries, Property Inspect is designed to give stakeholders total control and complete clarity over their property assets, enabling them to efficiently capture and accurately report on property conditions and property maintenance issues in a timely manner.

With Property Inspect, compiling reports becomes effortless, and there is also the option to work offline, edit reports and share them with project stakeholders from anywhere, at any time.

Other features of the Property Inspect app include:

At Property Inspect, we take data and security seriously so that people can be confident in the services we provide and the data held in our cloud-based software. All of Property Inspects services and data are hosted with Amazon Web Services (AWS), the industry leader in secure cloud hosting. This provides the highest level of reliability and security. AWS has a highly reliable infrastructure with multiple availability zones and data centres, meaning that Property Inspect has had 99.99% uptime over a 365-day period, so will always continue to run even if there is a failure in one availability zone.

On top of that, to add even further security, AWS offers a variety of data security measures, including encryption, network security, and identity and access management.

To further show our commitment to security, were also Cyber Essentials Plus certified. This is a scheme by the UK government to help organisations improve their cybersecurity and protect against common cyber threats. This certification enables Property Inspect users to demonstrate compliance with complex data regulations, offering improved security by undergoing a more rigorous assessment of measures reducing the risk of cyber threats.

What this all amounts to is a secure, efficient, and comprehensive solution for public sector projects.

Property Inspect is an essential tool for any property inspection or management professional working in the public sector who wants to streamline operations and achieve greater efficiency, driving down costs and boosting security and compliance.

Through smart workflows, audits, and assisted scheduling, together with online and offline training and support, we empower our users to deliver faster, more detailed and accurate reports whilst removing the barriers to effective property operations.

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Converge to Host Second Quarter Fiscal 2023 Conference Call USA … – PR Newswire

TORONTO andGATINEAU, QC, July 19, 2023 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF), a services-led, software-enabled, IT & Cloud Solutions provider focused on delivering industry-leading solutions,announced today that it will hold a conference call to discuss its second quarter fiscal 2023 results on Wednesday, August 9, 2023 at 8:00 am EST. The call will be hosted by the Converge leadership team, followed by a question-and-answer period. Converge will report its financial results in the morning prior to the call.

Conference Call Details:Date: Wednesday, Aug 9th, 2023Time: 8:00 AM Eastern Time

Participant Webcast Link:Webcast Link https://app.webinar.net/gkXqYQ1YE8v

Participant Dial-in Details with Operator Assistance:Conference ID: 70789128Toronto: 416-764-8609North American Toll Free: 888-390-0605

International Toll-Free Numbers:Germany: 08007240293Ireland: 1800939111Spain: 900834776Switzerland: 0800312635United Kingdom: 08006522435

You may register and enter your phone number to receive an instant automated call back via https://emportal.ink/3OgdiaZ

Recording Playback:Webcast Link - https://app.webinar.net/gkXqYQ1YE8vToronto: 416-764-8677North American Toll Free: 1-888-390-0541Replay Code: 789128 #Expiry Date: August 16th, 2023

Please connect at least 15 minutes prior to the conference call to ensure time for any software download that may be required to access the webcast. A live audio webcast accompanied by presentation slides and archive of the conference call and webcast will be available by visiting the Company's website athttps://convergetp.com/investor-relations/.

About Converge

Converge Technology Solutions Corp. is a services-led, software-enabled, IT & Cloud Solutions provider focused on delivering industry-leading solutions. Converge's global approach delivers advanced analytics, application modernization, cloud platforms, cybersecurity, digital infrastructure, and digital workplace offerings to clients across various industries. The Company supports these solutions with advisory, implementation, and managed services expertise across all major IT vendors in the marketplace. This multi-faceted approach enables Converge to address the unique business and technology requirements for all clients in the public and private sectors. For more information, visit convergetp.com.

SOURCE Converge Technology Solutions Corp.

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Tenable Cloud Security Now Protects Against Container Image … – Database Trends and Applications

Tenable, the exposure management company, is debuting new Tenable Cloud Security features that target OS vulnerability prevention through threat detection across container images, registries, and pipelines.

With more and more organizations turning to containerization, their risk potential increases in parallel. According to a Forrester Consulting study done on behalf of Tenable, 32% of enterprises reported that containerization will be implemented in the next year, with 51% already completing implementation. Security for these containers has left something to be desired, often involving developers more than security teams, according to Tenable.

Tenable Cloud Security agentless container scanning equips enterprises with comprehensive visibility over container images through the rigorous monitoring, reporting, and remediation of any vulnerabilities. Centralized within a single user interface, security teams benefit from the trusted OS vulnerability detection that Tenable provides, now applicable to container images stored in container image registries.

This solution integrates image scanning within DevOps and security workflows and pipelines, empowering security teams to stop risky images from entering production while reducing alert fatigue. Tenables single-policy framework drives scalable, secure, and efficient containerization across an organization, where preventative policies for system host vulnerabilities are as easy as those for infrastructure misconfigurations, according to the company.

To learn more about Tenable Cloud Security, please visit https://www.tenable.com/.

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Microsoft Azure Boost Launches to Offload Virtualization Processes – Petri.com

Microsoft has announced a public preview of Azure Boost for enterprise customers this week. The new offering is designed to offload virtualization processes onto dedicated hardware and software.

The new Azure Boost service enables customers to access experimental SKUs. This release should make it easier to test integrations with their existing virtual machines (VMs) ahead of the general availability in the coming months.

By separating hypervisor and host OS functions from the host infrastructure, Azure Boost enables greater network and storage performance at scale, improves security by adding another layer of logical isolation, and reduces the maintenance impact for future Azure software and hardware upgrades, Microsoft explained.

Microsofts new Azure Boost service offers various benefits to meet the specific needs of customers. Azure Boost virtual machines provide significant performance improvements over existing Azure VMs with up to 200 Gbps networking throughput. Its powered by the Microsoft Azure Network Adapter (MANA) to ensure stability, higher network availability, and faster data transfers.

According to Microsoft, Azure Boost brings improved storage performance similar to Ev5 and Dv5 virtual machines. The service also brings enhancements to existing storage capabilities, including disk caching support for Azure Premium SSDs.

Microsoft mentioned that Azure Boost runs storage and networking processes on dedicated hardware to boost security for organizations. It comes with robust hardware-based secure boot and attestation features to reduce the potential attack surface. Moreover, the new offering reduces maintenance downtime in enterprise environments.

Microsoft notes that Azure Boost should be a welcome addition for businesses with high-performance network and storage requirements. Azure Boost marks a significant leap forward in Azure infrastructure innovation, paving the way for accelerated improvements in performance, security, and reliability. Microsoft added. If youre interested, you can sign up for the preview of Azure Boost on this page.

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Scalable Digital Twin Simulations: A Powerful New Tool – Spiceworks News and Insights

Digital twin simulations can model large, dynamic data systems and simulate the behaviors of thousands of interacting entities. They can provide valuable insights to decision-makers for many applications, including transportation safety, logistics networks, and city management systems.

A powerful tool for uncovering insights about how large dynamic systems behave is emerging. Digital twin simulations can give system planners and managers invaluable information about complex interactions that are otherwise difficult to study. Digital twins are virtual models of real-world entities that can represent physical attributes, state information, and behavior for each entity. They have been used for decades in the field of product lifecycle management (PLM), where they play a crucial role in the design and testing of various devices. Recent applications have extended digital twin technology to track the behavior of live systems with many components such as vehicle fleets, IoT devices, and even people both to monitor status in real-time and to predict future events.

Now, data analysts and operational managers can harness the power of digital twins to simulate the behaviors of complex systems with thousands of interacting entities. This enables them to explore scenarios they are likely to encounter in live systems, informing their decisions and helping identify potential issues in the planning phase. These capabilities also empower professionals to make accurate predictions that guide both current and future deployments, making digital twins an indispensable asset in the modern world of complex systems and ever-changing environments.

Consider the challenge of managing a nationwide airline system comprising hundreds of thousands of passengers, thousands of aircraft, pilots, gates, bags, and more. As we have seen in the news, issues such as weather delays, equipment outages, and problems with pilot scheduling can severely disrupt the intricate interplay of these entities. Take the widespread holiday Southwest Airlines cancelationsOpens a new window or the January FAA system outageOpens a new window as prime examples. Operational managers need tools that can help them alert passengers to these problems and assess the impact of making changes to flight schedules. However, most current solutions rely on inefficient database queries and costly, time-consuming manual interventions, by which time disgruntled passengers are already on the phone with customer service, and flight delays have cascaded into intractable logjams.

What if airlines could respond to these issues immediately as they occur, or better yet, prevent them from happening altogether? Enter digital twins. This technology has the power to model entire airline systems quickly and accurately, representing various types of interacting components such as passengers, airplanes, and baggage handling. Digital twins can also maintain critical state information about each component, like aircraft types, mechanical issues, and passenger itineraries. Moreover, they can track live statistics that measure delays and bottlenecks and assess how well the airline is meeting its passengers needs.

Used in simulation, digital twins become even more powerful. They can interact by exchanging messages in a time-driven simulation that runs faster than real-time, simulating the systems future behavior to predict the effects of management decisions. Digital twin simulations also can help airlines develop new real-time analytics that continuously tracks the progress of passengers during their itineraries and proactively respond to disruptions, both reducing stress and smoothing operations. For example, if a flight is delayed, digital twins combined with AI technology could notify each passenger and confirm potential re-routings before they need to call a customer service representative. Simulations can also deliver valuable insights to third-party decision-makers such as airports, air traffic controllers, travel agencies, and more.

See More: Forget the VR Vision of the Metaverse: Digital Twins Are Coming

Transportation safety has also been in the news lately with the 50-car freight train derailment in Palestine, OhioOpens a new window and the fatal passenger train derailment in the NetherlandsOpens a new window . Digital twin simulations can help prevent similar emergencies as well as save valuable time and resources. Currently, mechanical issues that can cause derailments, such as severely overheated wheel bearings, are detected and radioed to train engineers from track-side sensors, often too late to prevent an accident. In the Ohio event, the NTSB preliminary report described increasing temperatures reported by three rail-side hot box detectors before the accident occurred. These types of detectors are positioned every few miles across the country; all the data needed to predict impending derailments is there and could help prevent these incidents if harnessed more effectively.Real-time analytics using digital twins can track this sensor data and head off possible accidents by warning of impending failures much earlier. With this technology, managers can detect anomalies and take action faster before small problems escalate into derailments. Cloud-hosted analytics can simultaneously track the entire rail networks rolling stock using scalable, in-memory computing techniques to host digital twins. They can analyze patterns of temperature changes for each cars wheel bearings, combine this with known information about the rail car, such as its maintenance history, and then assess the likelihood of failure and alert personnel within milliseconds. Conversely, this contextual information can also be valuable in preventing unnecessary false-positive alerts that create costly delays.

To help railway engineers develop and test new predictive analytics software, large-scale digital twin simulations can model the flow of information from the hundreds of thousands of freight cars that cross the U.S. each day, as well as the detectors placed along the tracks. They can also statistically simulate emerging wheel bearing issues and generate the telemetry that would be emitted from thousands of existing track-side detectors across the country. This telemetry can be fed to real-time analytics software and used to evaluate how well the software predicts and avoids impending failures. This technology allows transportation agencies and public officials to develop next-generation safety systems to help eliminate dangerous and costly derailments.

Digital twin technology is revolutionizing the way complex systems are planned and managed. Beyond airline operations and rail networks, digital twins can be used to model a wide variety of systems with many components, including trucking fleets, physical and cybersecurity systems, logistics networks for disaster recovery, smart buildings, and city management systems.

By running simulations on scalable computing infrastructures, intricate behaviors can be observed, carefully analyzed, and their real-world impact evaluated, providing valuable insights into their complex dynamics. Digital twins can predict future behavior within live systems and assist decision-makers, creating a powerful new tool for both system developers and operational managers. These many benefits of digital twin simulations indicate that they will play an ever more crucial role in managing the complex systems we rely on every day.

Whats your take on digital twin simulations for large, dynamic behavioral systems? Share with us on FacebookOpens a new window , TwitterOpens a new window , and LinkedInOpens a new window . Wed love to know!

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Remarks by President Biden on Artificial Intelligence – The White House

Roosevelt Room

1:18 P.M. EDT

THE PRESIDENT: Im the AI. (Laughter.) If any of you think Im Abe Lincoln, blame it on the AI.

First of all, thanks. Thanks for coming. And I want to thank my colleagues here for taking the time to come back again and again as we try to deal with the were joined by leaders of seven American companies who are driving innovation in artificial intelligence. And it is astounding.

Artificial intelligence or it promises an enormous an enormous promise of both risk to our society and our economy and our national security, but also incredible opportunities incredible opportunities.

Just two months ago, Kamala and I met with these leaders most of them are here again to underscore the responsibility of making sure that products that they are producing are safe and and making them public what they are and what they arent.

Since then, Ive met with some of Americas top minds in technology to hear the range of perspectives and possibilities and risk of AI.

Kamala cant be here because shes traveling to Florida, but shes met with civil society leaders to hear their concerns about the impacts on society and ways to protect the rights of Americans.

Over the past year, my administration has taken action to guide responsible innovation.

Last October, we introduced a first-of-its-kind AI Bill of Rights.

In February, I signed an executive order to direct agencies to protect the public from algorithms that discriminate.

In May, we unveiled a new strategy to establish seven new AI research institutes to help drive breakthroughs in responsible AI innovention [innovation].

And today, Im pleased to announce that these seven companies have agreed volun- to voluntary commitments for responsible innovation. These commitments, which the companies will implement immediately, underscore three fundamental principles: safety, security, and trust.

First, the companies have an obligation to make sure their technology is safe before releasing it to the public. That means testing the capabilities of their systems, assessing their potential risk, and making the results of these assessments public.

Second, companies must prioritize the security of their systems by safeguarding their models against cyber threats and managing the risks to our national security and sharing the best practices and industry standards that are that are necessary.

Third, the companies have a duty to earn the peoples trust and empower users to make informed decisions labeling content that has been altered or AI-generated, rooting out bias and discrimination, strengthening privacy protections, and shielding children from harm.

And finally, companies have agreed to find ways for AI to help meet societys greatest challenges from cancer to climate change and invest in education and new jobs to help students and workers prosper from the opportunities, and there are enormous opportunities of AI.

These commitments are real, and theyre concrete. Theyre going to help fulfill the industry fulfill its fundamental obligation to Americans to develop safe, secure, and trustworthy technologies that benefit society and uphold our values and our shared values.

Let me close with this. Well see more technology change in the next 10 years, or even in the next few years, than weve seen in the last 50 years. That has been an astounding revelation to me, quite frankly. Artificial intelligence is going to transform the lives of people around the world.

The group here will be critical in shepherding that innovation with responsibility and safety by design to earn the trust of Americans. And, quite frankly, as I met with world leaders, all all all our Eur- all the G7 is focusing on the same thing.

Social media has shown us the harm that powerful technology can do without the right safeguards in place.

And Ive said at the State of the Union that Congress needs to pass bipartisan legislation to impose strict limits on personal data collection, ban targeted advertisements to kids, require companies to put health and safety first.

But we must be clear-eyed and vigilant about the threats emerging of emerging technologies that can pose dont have to, but can pose to our democracy and our values.

Americans are seeing how advanced artificial intelligence and the pace of innovation have the power to disrupt jobs and industries.

These commitments these commitments are a promising step, but the we have a lot more work to do together.

Realizing the promise of AI by managing the risk is going to require some new laws, regulations, and oversight.

In the weeks ahead, Im going to continue to take executive action to help America lead the way toward responsible innovation. And were going to work with both parties to develop appropriate legislation and regulation. Im pleased that Leader Schumer and Leader Jeffries and others in the Congress are making this a top bipartisan priority.

As we advance the agenda here at home, well lead the work with well lead work with our allies and partners on a common international framework to govern the development of AI.

I think these leaders and I thank these leaders that are in the room with me today (clears throat) and their partnership excuse me and their commitments that theyre making. This is a serious responsibility, and we have to get it right. And theres enormous, enormous potential upside as well.

So I want to thank you all. And theyre about to go down to a meeting, which Ill catch up with them later.

So thank you, thank you, thank you.

1:24 P.M. EDT

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Remarks by President Biden on Artificial Intelligence - The White House

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An Unconventional Play on the Artificial Intelligence Theme – Yahoo Finance

The rise of artificial intelligence (AI) has been all the hype this year, with many pockets of the market benefitting such as semiconductors and software. Growth stocks have led the rally, but the red-hot tech sector may be due for a breather after a blazing start to 2023.

We still want to take advantage of the bullish AI theme, but with large-cap tech extended in the short-term, we need to look elsewhere. A solid approach is to target equities that still have substantial room for appreciation but also generate income.

A Lucrative Method to Gain Exposure to AI

Demand has been booming lately for AI-focused data center chips. One overlooked area of the market that can take advantage of the move are real estate investment trusts (REITs). Specifically, data center REITs provide the storage capability and computing resources that assist AI-related companies in processing large data sets.

Like growth stocks, REITs were decimated last year as the Fed embarked upon an aggressive rate-hiking scheme. Combined with prospects of an impending economic slowdown, REITs suffered their worst year in more than a decade.

This has created a phenomenal opportunity to buy these undervalued, oft-forgotten investment vehicles, as the path of future interest rates has reversed course. Despite the Feds best attempts to convince markets that several more rate hikes lie ahead, the recent pause signals that we are likely close to the end of this hiking cycle (possibly one or two more hikes), with rates set to fall in the coming years.

All else being equal, lower interest rates tend to increase the value of properties and decrease REIT borrowing costs. Furthermore, lower rates make the relatively high dividend yields generated by REITs more attractive, increasing their appeal to income-seeking investors.

Advantages of REITs

Adding these incoming-producing investments can result in significant advantages over traditional real estate investing including increased liquidity, greater diversification, tax benefits and potentially higher returns with lower risk.

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Real estate investment trusts either own or manage income-producing real estate, normally through directly investing in properties or the mortgages on those properties. The IRS mandates that REITs must pay out 90% of their taxable income to shareholders. This typically translates into much higher dividends than your average S&P 500 stock.

The Zacks REIT and Equity Trust Other industry is currently ranked in the top 50% out of approximately 250 Zacks Ranked Industries. This group remains relatively undervalued:

Zacks Investment Research

Image Source: Zacks Investment Research

Lets take a closer look at an individual REIT within this industry group.

Iron Mountain, Inc. (IRM)

Iron Mountain is a global leader in innovative storage, data center infrastructure, asset lifecycle management and information management services. The company offers digital transformation, secure records storage, and art storage and logistics, operating as a real estate investment trust.

Iron Mountain enjoys a steady stream of recurring revenues from storage rental and related services. Storage rental revenues are generated through fixed periodic rental charges (typically on a monthly basis) for data storage. Services revenues comprise charges for related core service activities and a wide array of complementary products and services. Iron Mountain is supplementing the storage performance with expansion in its faster-growing business in the data center space.

The company boasts a customer retention rate of approximately 98%. IRM, a member of the S&P 500, serves more than 225,000 customers from various industries through approximately 1,400 facilities. As we can see, earnings and revenue growth have remained steady:

Zacks Investment Research

Image Source: Zacks Investment Research

Iron Mountains global data center portfolio is well-positioned to benefit from high demand for the inter-connected data center space on the back of rising enterprise cloud adoption. Total revenues are projected to increase 8.2% year-over-year in 2023.

Recent Earnings and Future Estimates

Iron Mountain has surpassed earnings estimates in each of the last four quarters, with an average beat of 2.93% over that timeframe. The data center REIT most recently reported first-quarter funds from operations (FFO) back in May of $0.97/share, surpassing the $0.93/share Zacks Consensus Estimate. The figure grew 6.6% from the year-ago period.

For the full year, analysts expect IRM to deliver earnings of $3.96/share, translating to growth of 4.2% versus last year.

Final Thoughts

REITs not only offer above-average yields, but also the potential for future price appreciation.

Iron Mountain has steadily increased its quarterly dividend over the past thirteen years. IRM currently pays a $2.47 (3.99%) dividend. A consistently rising dividend trend subtly reveals a companys progress and is one of the best indicators of a healthy, growing enterprise.

Make sure to keep an eye on IRM as well as the general data center REIT space as the group looks primed for a period of outperformance.

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Iron Mountain Incorporated (IRM) : Free Stock Analysis Report

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An Unconventional Play on the Artificial Intelligence Theme - Yahoo Finance

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