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This top-30 altcoin is integrating with Chainlink (LINK) for bolstering smart contract ecosystem – CryptoSlate

Chainlinks oracles and smart contract technology is seeing a marked surge in adoption and demand in 2020.

The latest is Ontology, a Singapore-based global blockchain enterprise solution that has worked closely with the NEO Foundation and launched its mainnet in 2018.

As per a Chainlink tweet, Ontology will use the formers oracle technology and verifiable price feeds to input data for various use cases.

Initially, the integration will unlock new data management capabilities for Ontology, through the integration of ONT ID, Ontologys digital identity framework, and the ONTO wallet into a range of dApps and enterprise infrastructure.

Ontology (ONT) touts itself as a high-performance public blockchain and a distributed collaboration platform that enables a decentralized network environment that solves key issues of identity security and data integrity.

Building a last mile for blockchain applications, Ontology was one of the few crypto-projects that never had an ICO. Instead, ONT was airdropped in three major tranches and quickly gained value over the year.

At press time, ONT trades at $0.66 and has a network value of $460 million making it the 30th largest cryptocurrency by market cap in the world.

In a blog post, Ontology said the Chainlink integration is live on the Ontology TestNet, and subsequently allows developers to build smart contract applications connected to real-world data.

Chainlink acknowledged the Ontology team had committed significant code to the project repo ahead of the integration, even rewriting Chainlink contracts in Ontologys native Python smart contract programming language.

Ontology co-founder Andy Ji spoke on the development:

Ontologys high-efficiency and low transaction fees, combined with Chainlinks adept ability to consistently provide secure and reliable oracles is a potent combination that will drive mutually beneficial outcomes for our respective platforms and communities.

Ji added Chainlinks stellar track record in providing oracle solutions to both established enterprises, like Google, Oracle, and SWIFT, and startups make Chainlink the undisputed, market-leading decentralized oracle network.

Chainlink oracles may also be onboarded to Ontologys HydraDAO, the projects open framework for knowledge processing, in the near future. This would enable stronger data accuracy within smart contracts, cross-chain interactions, and cross-data source collaboration, the blog noted.

Meanwhile, Chainlink is on a roll. The blockchain agnostic platform was recently awarded as a top-50 tech disruptor for this year by the World Economic Forum (WEF) for its work in smart contract technology and oracles.

The project is seeing at least five partnerships or tech onboardings per week for its verifiable randomness function (VRF) and oracles, if updates on Chainlinks twitter feed are considered.

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This top-30 altcoin is integrating with Chainlink (LINK) for bolstering smart contract ecosystem - CryptoSlate

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Brutal Drop In Altcoins Anticipated as Bitcoin Dominance Projected to Surge | NewsBTC – newsBTC

A brutal drop in altcoins may be coming if the bottom of a two-year-long bullish channel holds in Bitcoin dominance.

If it breaks down, however, altcoin season may finally be here.

Bitcoin was the first-ever cryptocurrency, designed by Satoshi Nakamoto. In its likeness, all other cryptocurrencies were then created, sparking an entire category of thousands of altcoins.

Over time, more new and useful use cases developed, and tokens were designed with goals that differ greatly from Bitcoins.

The crypto market has since grown from just a new form of encrypted, digital payments to its own sector of the tech industry.

Related Reading | BTC Dominance Bear Flag Nears Breakdown, But 58% Level Remains Barrier To Altcoin Season

But the relationship between Bitcoin and altcoins remains something crypto analyst watch closely. A metric weighing Bitcoin against all other altcoins in the space is an especially helpful tool. This metric is called BTC dominance.

It can be used to predict any strong deviations between Bitcoin and altcoin performance. One of those deviations may soon be coming, and it is one where altcoins could suffer severely.

BTC.D Monthly | Source: TradingView

According to a long-term bullish channel thats now formed on BTC dominance across two years, altcoins may be in trouble.

If the bottom of the pitchfork channel holds, BTC.D would likely target one of the upper quadrants outlined by the tool.

The move up would match the last major movement in BTC.D, following a similar downtrend breakout at a similar angle.

The rise in Bitcoin dominance would send the metric to as high as an 88% share of the total crypto market. It would also leave altcoins dropping to the lowest levels the bear market has to offer.

The decline would nearly erase all progress in altcoin growth over the last few years. It would be almost as if the crypto bubble never formed at all.

Related Reading | Altcoins Pumping on Cryptocurrency Exchange Listing Brings Back Memories Of Bull Market

Unlike Bitcoin thats been becoming more recognized by institutions as a potential hedge against inflation, altcoins continue to get a bad reputation.

But the bad rap is mostly due to the ongoing decline in these assets. If BTC dominance breaks down from the channel, altcoins season would happen instead.

Regardless of what Bitcoin did, altcoins would overperform the number one cryptocurrency according to the metric.

Breaking down could potentially result in a fall to former support, resting at roughly 53%. 58% has long been considered a barrier to altcoin season.

If and when that level is broken, major altcoins such as Ethereum, Ripple, Litecoin, and more should finally catch up with Bitcoin.

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Brutal Drop In Altcoins Anticipated as Bitcoin Dominance Projected to Surge | NewsBTC - newsBTC

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Chainlink (LINK) Near New All-Time High Heres 3 Reasons for the Rally – Cointelegraph

Chainlink (LINK), a smart contract blockchain network, is nearing an all-time high after the altcoin broke out today, notching a 11% gain at the time of writing.

The altcoin first hit a record high at $5.10 in July 2019 before crashing to $1.35 during the Black Thursday marketwide correction on March 12. Over the past two weeks LINK has gained 33% and if the price pushes above its previous all time high there is room for price discovery.

Crypto market daily performance. Source: Coin360

Three factors likely triggering LINKs upsurge are: bullish price action from Ether (ETH), LINKs bullish technical structure and the teams recent partnership with Chinas national Blockchain Services Network.

In the past 48 hours, ETH price increased by nearly 9% from $227 to $244. This overnight rally led Tezos (XTZ) and LINK to rebound following a week of sideways trading.

Both XTZ and LINK rallied by triple-digits in the past year while many cryptocurrencies were down by 50% to 95% from their record highs in the same period.

LINK/USD 1-day chart. Source: TradingView

According to data from Cointelegraph Markets and CoinMarketCap, LINK is now only 3.37% away from it's all-time high. In fact, the majority of stablecoins and wrapped assets have not declined by more than 10% from their record highs, whereas top cryptocurrencies like Bitcoin (BTC) and Ether remain far away from their all-time highs.

The term price discovery is frequently used when the price of an asset surpasses its record peak. Meaning, when an asset enters this phase, its hard to determine where the next top would be and this opens the market up for speculation.

When the price of a cryptocurrency nears a record high, it tends to display significant volatility. Sellers will try to avoid price discovery, while buyers will attempt to push through.

Cointelegraph contributor Michael van de Poppe said that if LINK remains above $4.30 the probability of seeing a new all-time high increases. In private comments van de Poppe said:

LINK is still trading in a very bullish construction. The region between $4.70-$5.00 has been acting as resistance several times, which makes it likely to see a breakthrough in this case. A crucial area to hold is the $4.20-$4.30 level for support. If that remains as support, Im expecting a new all-time high for LINK. I wouldnt be surprised with a rally towards the $6.50-$7.00 region from here.

Another factor contributing to LINKs rally is the current stability in Bitcoin price and an extended rally from Ether would likely lead to additional buying pressure on LINK.

On June 23, Chainlink announced that Chinas national Blockchain Services Network (BSN) is utilizing the Chainlink oracle network to process off-chain data.

The team said:

Chinas national Blockchain Services Network (BSN) is integrating Chainlink as the preferred oracle network to provide BSN systems access to off-chain data. As part of this collaboration, IRIS Network and SNZ Holding will also contribute technical integration support.

The announcement coincided with the abrupt intraday increase in the price of LINK, further fueling the confidence among investors in the short-term trend of the asset.

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Chainlink (LINK) Near New All-Time High Heres 3 Reasons for the Rally - Cointelegraph

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Pantera Capital: Bitcoin Set to Begin Meteoric Bull Run But Ethereum and Certain Altcoins Will Outperform BTC – The Daily Hodl

The crypto-focused venture firm Pantera Capital just released its latest outlook on Bitcoin and the overall crypto markets.

In a note to investors, CEO Dan Morehead says he expects an ongoing tidal wave of money printing to boost BTC as investors search for assets with a fixed supply.

That tsunami of money will have a large impact on many things. In our markets it seems inevitable that it will push up the price of fixed-quantity things like bitcoin. If there are trillions more paper dollars, the law of supply and demand implies much more paper money to buy the same amount of cryptocurrency.

Panteras analysis shows Bitcoin targeting $150,000 by August of next year.

As for the altcoin market, Pantera co-chief investment officer Joey Krug points out a number of coins have outperformed BTCs 34% gains this year, including a 98% rise in 0x (ZRX), a 97% surge in Augur (REP) and an 88% jump in Ethereum (ETH).

Its a trend that Pantera expects to continue in a new bull cycle.

During cryptocurrency bull markets, we expect assets outside of bitcoin (alt-coins or alts) to outperform

Historically, alts havent outperformed until mid to late in the bull cycle. For instance, from Jan 1, 2016 to Dec 31, 2016 bitcoins share of the market dropped from 91% to 87%. But by the end of 2017 it was down to 38%. Its currently sitting at 65%. The implication here is that over time we expect the performance gap between alts and bitcoin to widen over the course of the next year, with alts outperforming.

According to Krug, another boom for initial coin offerings is unlikely to happen, and coins will need to prove their utility this time around. The firms multi-currency hedge fund is currently outperforming BTC by about 20%.

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Pantera Capital: Bitcoin Set to Begin Meteoric Bull Run But Ethereum and Certain Altcoins Will Outperform BTC - The Daily Hodl

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This Week’s Awesome Tech Stories From Around the Web (Through June 27) – Singularity Hub

AUTOMATION

Amazon Shakes Up the Race for Self-Drivingand Ride-HailingAarian Marshal | WiredUber CEO Dara Khosrowshahi says his company wants to be the Amazon for transportation. Friday, Amazon made clear that it intends to be the Amazon for transportation. The ecommerce giant said it hadagreed to acquireBay Area-based autonomous vehicle company Zoox, a dealreportedly worth more than $1 billion.

Wrongfully Accused by an AlgorithmKashmir Hill | The New York TimesMr. Williams knew that he had not committed the crime in question. What he could not have known, as he sat in the interrogation room, is that his case may be the first known account of an American being wrongfully arrested based on a flawed match from a facial recognition algorithm, according to experts on technology and the law.

Meet Silq: The First Intuitive Programming Language for Quantum ComputersLuke Dormehl | Digital TrendsThe creation of the C programming language was a massive milestone for classical computing. It was easy, intuitive, and helped open up computer programming to an entirely new audience. Now, nearly 50 years after C was created, computer scientists have reached a similar milestone: A new programming language that brings the same level of coding simplicity to quantum computing.

How Green Sand Could Capture Billions of Tons of Carbon DioxideJames Temple | MIT Technology ReviewThis process, along with other forms of whats known as enhanced mineral weathering, could potentially store hundreds of trillions of tons of carbon dioxide, according toa National Academies report last year. Thats far more carbon dioxide than humans have pumped out since the start of the Industrial Revolution.

Scientists Made a List of Every Place Aliens Could Be HidingGeorge Dvorsky | GizmodoTheExotica Catalog further signifies the ongoing shift away from traditional SETI strategies, in which scientists search for familiar alien signatures (such as radio emissions), and the shift toward Dysonian SETI, in which scientists look for extraterrestrial technosignatures, that is, signs of alien technology: stuff like Dyson shells (a star surrounded by solar panels), industrial waste, gigantic space habitats, beacons, and things we cant even imagine.

The Rocket Motor of the Future Breathes Air Like a Jet EngineDaniel Oberhaus | WiredWhile a conventional rocket engine must carry giant tanks of fuel and oxidizer on its journey to space, an air-breathing rocket motor pulls most of its oxidizer directly from the atmosphere. This means that an air-breathing rocket can lift more stuff with less propellant and drastically lower the cost of space accessat least in theory.

$100 Billion Universal Fiber Plan Proposed by Democrats in CongressJon Brodkin | Ars Technica[Electronic Frontier Foundation Senior Legislative Counsel Ernesto Falcon] argues that a plan like Clyburns is needed for the US to deploy fiber throughout the country within a few years instead of decades. Such an ambitious program would have the United States match Chinas efforts to build universal fiber with the US completing its transition just a few short years after China, Falcon wrote. Without this law, the transition would take decades.

Does Dark Matter Exist?Ramin Skibba | Aeonover the past half century, no one has ever directly detected a single particle of dark matter. Over and over again, dark matter has resisted being pinned down, like a fleeting shadow in the woods. And as long as its not found, its still possible that there is no dark matter at all. An alternative remains: instead of huge amounts of hidden matter, some mysterious aspect of gravity could be warping the cosmos instead.

Image credit: twk tt /Unsplash

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Kudos: Read about faculty, staff and student awards, appointments and achievements – Vanderbilt University News

(iStockphoto)

Kelsea Best, a Ph.D. student in Earth and Environmental Sciences, has been awarded a graduate student pursuit grant from the National Socio-Environmental Synthesis Center to study the human impacts of climate change. Best is leading a team of graduate students fromseveral universities across the U.S. to study connections between climate change and displacement of people in coastal areas of the United States, with financial support for travel, high-performance computational resources and stipends provided by SESYNC.

David Curie, a third-year physics Ph.D. student, has received anOffice of Science Graduate Student Research Fellowshipto conduct part of his dissertation research in a Department of Energy laboratory. Curies work focuses on single-photon sources, which can be used inquantum communicationsand possibly quantum computing.

E. Bronson Ingram College was named the Best Higher Education/Research project for 2019 by Engineering News-Record magazine.

Brandt Eichman, William R. Kenan, Jr. Chair in Biological Sciences and professor of biochemistry, will receive the 2021 International Award from the Biochemical Society, the United Kingdoms leading organization of biochemists. The award, whichrecognizes outstanding and independent research that demonstrates the importance of the molecular biosciences, is given annually to an early- to mid-career scientist who has conducted research outside the U.K. and Ireland.

Mary Jo Gilmer, professor of nursing, has been selected for induction into the International Nurse Researcher Hall of Fame by Sigma Theta Tau International Honor Society of Nursing. The honor, which recognizes significant, sustained international achievement, is considered one of the highest honors in nursing research.

Kathryn Humphreys, assistant professor of psychology and human development, has received a 2020 Janet Taylor Spence Award from the Association for Psychological Science. The award recognizes early-career researchers who have made transformative contributions to the field of psychological science, such as establishing new paradigms within a subject area or advancing research that cuts across fields of study.

Karan Jani, a postdoctoral scholar in the Department of Physics and Astronomy, has been recognized as an All-Star Alumnus by Forbes for his research on black holes. Jani was named to Forbes30 Under 30Science list in 2017.

Jonathan Metzl, Frederick B. Rentschler II Professor of Sociology and Medicine, Health and Society, has received the 2020 Benjamin Rush Award from the American Psychiatric Association. The award recognizes an individual who has made significant contributions to the literature on the history of psychiatry.

Dawool (Lauren) Nam, a senior majoring in chemistry, has received the 2019-20 Girls in STEM Scholarship Award from Girls Who STEM, the mission of which is to increase access and participation of girls in STEM fields and to promote and support girls and women in STEM projects, areas of study and professions.

Roberta Nelson, assistant director of the Office of LGBTQI Life, has received the Promising New Professional Award from the Consortium of LGBT Resource Professionals. The award recognizes a professional with less than five years of experience for outstanding service, innovative or creative effort within the profession, and demonstration of significant promise for leadership in the field.

Laura Nichols, a first-year physics Ph.D. student, has received a Computational Science Graduate Fellowship in overall support of her dissertation research in computational physics. TheCSGF fellowship, awarded to only about 30 individuals nationally per year, supports Ph.D. candidates in the computational sciencesthose who use computer programming to solve problems in scientific disciplines such as physics, biology and chemistry.

Sokrates Pantelides, William A. and Nancy F. McMinn Professor of Physics and professor of electrical engineering, was one of three international scientists honored with the 2019 Award for International Scientific Cooperation by the Chinese Academy of Sciences. A pioneer in the field of semiconductor physics, Pantelides has carried out substantive cooperation with the CAS in developing new low-dimensional materials over the past two decades. In addition, Pantelides was named an honorary professor by Galgotias University in Greater Noida, Uttar Pradesh, India, in conjunction with a talk he gave at an Institute of Electrical and Electronics Engineers conference in nearby Lucknow.

Cleo Rucker, director of human resources consulting, employee and labor relations, has been appointed to the Metro Nashville Employee Benefits Study and Formulating Committee by Mayor John Cooper. The committees charge is to study and formulate a plan for employee benefits, including disability and retirement benefits, for Metro Nashville employees.

Keivan Stassun, Stevenson Chair in Physics and professor of astronomy and computer science, has been named an inaugural fellow of the American Astronomical Society, the major organization of professional astronomers in North America. The designation recognizes AAS members for extraordinary achievement and service, such as original research and publication, innovative contributions to astronomical techniques or instrumentation, significant contributions to education and public outreach, and noteworthy service to astronomy and to the society itself.

Steven Townsend, assistant professor of chemistry, has been named a Camille Dreyfus Teacher-Scholar for 2020. These faculty are within the first five years of their academic careers, have created an outstanding independent body of scholarship, and are deeply committed to education.

Kip Viscusi, University Distinguished Professor of Law, Economics and Management, has received the American Risk and Insurance Associations 2020 Kulp-Wright Book Award for Pricing Lives: Guideposts for a Safer Society. The award recognizes a risk management and insurance book or monograph that advances the body of knowledge toward new frontiers.

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Cloud Storage Gateways Market Expected to Witness the Highest Growth 2025 – Cole of Duty

The latest report on Cloud Storage Gateways market now available at MarketStudyReport.com, delivers facts and numbers regarding the market size, geographical landscape and profit forecast of the Cloud Storage Gateways market. In addition, the report focuses on major obstacles and the latest growth plans adopted by leading companies in this business.

The research report on the Cloud Storage Gateways market covers updated information of this industry vertical alongside an in-depth analysis of the growth markers that will expand the business landscape over the study period. It renders robust outlook for Cloud Storage Gateways sales in ensuing quarters and predicts how it would support earnings expansion and augment the year-over-year growth rate.

The most likely (base case) scenario is that the global Cloud Storage Gateways sales will be xx in 2020 from Cloud Storage Gateways million in 2020, with a change xx% between 2020 and 2020. In addition, based on the latest study, it is to predict that the Covid-19 will be under control in key countries like the United States, Western Europe, East Asia, by the end of Q2 (June), and will resume normal production in Q3 and Q4, the global Cloud Storage Gateways market size is expected to grow at xx% or more annually for the next five years.

Request a sample Report of Cloud Storage Gateways Market at:https://www.marketstudyreport.com/request-a-sample/2745959

This report also researches and evaluates the impact of Covid-19 outbreak on the Cloud Storage Gateways industry, involving potential opportunity and challenges, drivers and risks. We present the impact assessment of Covid-19 effects on Cloud Storage Gateways and market growth forecast based on different scenario (optimistic, pessimistic, very optimistic, most likely etc.).

The analysts and industry reckon that the Cloud Storage Gateways sales will amass modest traction marking a positive scenario. That said, the competition in this business sphere is rising constantly.

The market analysis also dissects the geographical landscape and individually assess each of the listed regions and their invaluable contribution to the overall industry growth. Moreover, the report profiles the various companies that define the competitive landscape of the industry with respect to the manufacturing framework and downstream buyers.

Key highlights of the Cloud Storage Gateways markets regional scope:

Additional highlights from the Cloud Storage Gateways market report:

Competitive Landscape and Cloud Storage Gateways Market Share Analysis

Cloud Storage Gateways competitive landscape provides details by vendors, including company overview, company total revenue (financials), market potential, global presence, Cloud Storage Gateways sales and revenue generated, market share, price, production sites and facilities, SWOT analysis, product launch. For the period 2015-2020, this study provides the Cloud Storage Gateways sales, revenue and market share for each player covered in this report.

A brief overview of the competitive landscape of the Cloud Storage Gateways market:

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Table of Contents:

Executive Summary: It includes key trends of the Cloud Storage Gateways market related to products, applications, and other crucial factors. It also provides analysis of the competitive landscape and CAGR and market size of the Cloud Storage Gateways market based on production and revenue.

Production and Consumption by Region: It covers all regional markets to which the research study relates. Prices and key players in addition to production and consumption in each regional market are discussed.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the Cloud Storage Gateways market.

Market Segments: This part of the report discusses about product type and application segments of the Cloud Storage Gateways market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses about the research methodology and approach used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

Key questions answered in the report:

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Global Stand Alone Cloud Storage Market 2020 by Company, Regions, Type and Application, Forecast to 2025 – Cole of Duty

In this Global Stand Alone Cloud Storage Market 2020 by Company, Regions, Type and Application, Forecast to 2025 by Researchstore.biz breakdown and estimations of important industry trends, market drivers, market restraints, market size, market share, and sales volume have been explained. The report offers users a detailed investigation of the market and its main aspects. The report analyzes the general market conditions and demand, investment, costing, market insights. The report provides a profound study on the global Stand Alone Cloud Storage market situations, market size, growth and demands, market share, business strategies, competitive analysis by market vendors, opportunities, future development, value chain, and major manufacturers profiles.

Top manufacturers with production, price, and market share for each manufacturer includes: AT&T, HP, Amazon Web Services, Google, Microsoft, IBM

NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

DOWNLOAD FREE SAMPLE REPORT: https://www.researchstore.biz/sample-request/19393

A Brief of The Market:

Analysts have used most recent and established tools and techniques to make the report outstanding. In this published market report, the market share that various manufacturers hold in the market and the market concentration is described in the report. Moreover, the research report offers a comprehensive analysis of the qualitative factors such as growth factors, restraining factors, revenue, sales analysis, key industry trends within the industry. The global Stand Alone Cloud Storage market is analyzed on the basis of product pricing, production volume, data regarding demand and supply, and the revenue garnered by the product.

This section covers regional segmentation which accentuates on current and future demand for Stand Alone Cloud Storage market across North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, etc.), Middle East& Africa (Saudi Arabia, Egypt, Nigeria and South Africa). Further, the report focuses on demand for individual application segments across all the prominent regions.

Market segment by type, the product can be split into: Primary Storage, Cloud Storage Gateway, Data Archiving, Disaster Recovery and Back Up Storage,

Market segment by application, split into: BFSI, Retail and E-commerce, Government, Travel and Hospitality, IT and Telecommunication, Healthcare, Education, Others,

Research Methodology;

The key research methodology used by analysts of the global Stand Alone Cloud Storage market is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Additional data models utilized by the research team includes vendor positioning grid, market timeline analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis.

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The Global Bare Metal Cloud Market is expected to grow by $ 7.89 bn during 2020-2024 progressing at a CAGR of 39% during the forecast period – Yahoo…

NEW YORK, June 29, 2020 /PRNewswire/ --

Global Bare Metal Cloud Market 2020-2024 The analyst has been monitoring the bare metal cloud market and it is poised to grow by $ 7.89 bn during 2020-2024 progressing at a CAGR of 39% during the forecast period. Our reports on bare metal cloud market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

Read the full report: https://www.reportlinker.com/p05756630/?utm_source=PRN

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing online content with high Internet penetration, rise in popularity of SOA and increasing adoption of new technologies. In addition, increasing online content with high Internet penetration is anticipated to boost the growth of the market as well. The bare metal cloud market analysis include end-user segment and geographic landscapes

The bare metal cloud market is segmented as below: By End-user BFSI Government IT and telecom Healthcare Others

By Geographic Landscapes North America Europe APAC South America MEA

This study identifies the emergence of hyper-convergence technology as one of the prime reasons driving the bare metal cloud market growth during the next few years. Also, green bare metal data centers and rise in adoption of hybrid bare metal cloud storage systems will lead to sizable demand in the market.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our bare metal cloud market covers the following areas: Bare metal cloud market sizing Bare metal cloud market forecast Bare metal cloud market industry analysis

Read the full report: https://www.reportlinker.com/p05756630/?utm_source=PRN

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Deploying the Best of Both Worlds: Data Orchestration for Hybrid Cloud – eWeek

Did someone tell your data to shelter in place? That wouldn't make any sense, would it? Ironically, for vast troves of valuable enterprise data, that might as well be the case, because massive, compute-bound data silos are practically everywhere in the corporate world.

Hadoop played a role in creating this scenario, because many large organizations sought to leverage the twin promises of low-cost storage and massively parallel computing for analytics. But a funny thing happened to the yellow elephant: It was largely obviated by cheap cloud storage.

Seemingly overnight, the price of cloud storage dropped so precipitously that the cost-benefit analysis of using the Hadoop Distributed File System (HDFS) on-premises for new projects turned upside down. Even the term "Hadoop" disappeared from the names of major conferences.

That's not to say there isn't valuable data in all those HDFS repositories, however. Many important initiatives used this technology in hopes of generating useful insights. But with budgets moving away from Hadoop, another strategy is required to be successful.

What about computing? Suffice to say, cloud providers now offer a robust service in this territory. And relatively recent innovations such as separating computing from storage have also played a part in paving the way for cloud-based computing to take on all manner of workloads.

So the cloud now easily eclipses most on-premises environments in all the major categories: speed, cost, ease of use, maintenance, scalability. But there are barriers to entry; or at least pathways that should be navigated carefully while making the move. Mistakes can be very costly!

But how do you get the data there? Amazon actually offers a "snow truck" that will come to your data center, load it up one forklift at a time, and haul it, old-school, to its facility. That approach can certainly work for a quick-and-relatively-dirty solution, but it ignores the magic of cloud.

As the concept of "cloud-native" gets hashed out on whiteboards in boardrooms around the business world, the reality taking shape is that a whole new generation of solutions is being born. These systems are augmented with high-powered analytics and artificial intelligence.

This new class of application is almost exclusively built on a microservices architecture with Kubernetes as the foundation. There is tremendous value to this approach, because scalability is built into its DNA. Taking advantage of this new approach requires a commitment to change.

Simply shipping your data and applications en toto to a cloud provider absolutely does not solve this challenge. In fact, it will likely result in a significant rise in total cost of ownership (TCO), thus undermining a major driver for moving to the cloud.

Another strategy involves porting specific data sets into the cloud to deploy the power of all that computation. This often involves making copies of the data. While change-data-capture can be used to keep these disparate environments in sync, there are downsides to this approach.

In the first place, CDC solutions always need to be meticulously managed. Small amounts of data drift can quickly become larger problems. This is especially problematic when the derived analytics are used for mission-critical business decisions, or customer-experience initiatives.

Secondly, by going down this road, organizations risk the proliferation of even more data silos--this time in the cloud. And while cloud storage is getting cheaper, the cost of egress can creep up and throw budgets sideways; this is not good in a post-COVID world.

Remember, the standard redundancy of Hadoop was to have three copies of every datum, which is good for disaster recovery but rather taxing overall, both in terms of throughput and complexity. While moving into the new world of cloud computing, we should avoid old errors.

A different approach to bridging the worlds of on-prem data centers and the growing variety of cloud computing services is offered by a company called Alluxio. From their roots at the Berkeley Amp Labs, they've been focused on solving this problem.

Alluxio decided to bring the data to computing in a different way. Essentially, the technology provides an in-memory cache that nestles between cloud and on-prem environments. Think of it like a new spin on data virtualization, one that leverages an array of cloud-era advances.

According to Alex Ma, director of solutions engineering at Alluxio: "We provide three key innovations around data: locality, accessibility and elasticity. This combination allows you to run hybrid cloud solutions where your data still lives in your data lake."

The key, he said, is that "you can burst to the cloud for scalable analytics and machine-learning workloads where the applications have seamless access to the data and can use it as if it were local--all without having to manually orchestrate the movement or copying of that data."

In this sense, Alluxios approach bridges the best of both worlds: You can preserve your investments in on-prem data lakes while opening a channel to high-powered analytics in the cloud, all without the encumbrance of moving massive amounts of data here or there.

"Data locality means bringing the data to compute, whether via Spark, Presto, or Tensorflow, Ma said. In this scenario, Alluxio is installed alongside the compute framework and deploys unused resources on those servers to provide caching tiers for the data.

There are various ways to get it done, depending upon the topology of the extant information architecture. In some environments, if Presto is using a lot of memory, Alluxio can allocate SSDs on the appropriate machines for optimized caching.

If you're tying into HDFS, Presto can make the request, and Alluxio's intelligent multi-tiering then uses whatever the most efficient approach might be--spanning memory, SSD or spinning disc. It all can be optimized as Alluxio monitors data access patterns over time.

Regardless of which tools an organization uses--Tensorflow, Presto, Spark, Hive--there will be different usage patterns across CPU, GPU, TPU and RAM. In the case of RAM and available disk types, Alluxio can work with whatever resources are available.

"Spark is less memory-intensive," Ma said, "so we can allocate some memory. So you have choice to figure out what you want to allocate and where. Alluxio allows you to seamlessly access the data in the storage area, wherever it may be."

There's also the concept of a Unified Name Space. "What it allows you to do is have a storage configuration that's centrally managed, Ma said. You're not going into Spark and Presto to set it all up; you're able to configure Alluxio once, and then Spark or Presto communicate to Alluxio."

The general idea is to create a high-speed repository of data that allows analysts to get the speed and accuracy they demand without giving into the temptation of data silos. Think of it as a very large stepping stone to the new normal of multi-cloud enterprise computing.

"With Alluxio, we sit in the middle and offer interfaces on both sides; so we can talk to a variety of different storage layers, Ma said. We act as a bridging layer, so you can access any of these technologies. In short, you can have your data cake and eat it too.

Like any quality abstraction layer, solving the data challenge in this manner enables companies to leverage their existing investments. Data centers will have a very long tail, and cloud services will continue to evolve and improve over time. Why not get the best of both worlds?

Eric Kavanaghis CEO of The Bloor Group, a new-media analyst firm focused on enterprise technology. A career journalist with more than two decades of experience in print, broadcast and Internet media, he also hostsDM Radio,and the ongoing Webcast series for the Global Association of Risk Professionals (GARP).

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