Daily Archives: May 8, 2023

There have been some misleading headlines floating around the mainstream media as of late regarding cloud computing. Articles from the Wall Street Journal (CIOs Still Waiting for Cloud Investments to Pay Off) and InfoWorld (Companies are Still Waiting on their Cloud ROI) have been stirring up misinformation around the claim that cloud computing has not delivered the ROI it initially promised and that companies have been pulling out, seeking greater cost saving opportunities on premise.

At Cloudticity, weve been openly critical of this narrative these past few months, sharing our insight on where these articles went wrong and how to properly engage in a discussion around cloud computing ROI by looking beyond cost savings to other more important measures.

But a new article by David Linthicum in InfoWorld called Making a New Business Case for Cloud Computing finally gets it right. In the article he states:

The most significant value of cloud computing is rarely found in cost savings, although they sometimes do occur; its about delivering the more critical business values of agility and speed to innovation.

To that we say, bravo! Were glad to hear that the industry is finally getting some clarity here. Looking at the cloud as merely a cost saving solution is to miss the point entirely of what the cloud is and what it delivers.

As the InfoWorld article mentions, it was never about cost savings. There are soft values attributed to cloud that are difficult to quantify and measure. But if you take the time to look, thats where youll find the gold.

When evaluating the ROI of your cloud computing program, consider the following areas of transformation.

Cloud computing was designed to make it easier for companies to innovate, without having to worry about managing hardware and maintenance of the physical space.

For one, you can test out a new idea upon its conception in the cloud. You can say, Hmm, I wonder if this would be a good project. And you can spin up a virtual server for pennies on the dollar to test out your new idea. Then, you can spin the server down right away if its not working out how youd hoped.

Imagine trying to accomplish that same scenario on-premise. Youd have to create a project plan and budgeting proposal. Youd have to get buy-in and approval from the top. Then, youd have to order hardware, wait for it to be delivered, wait for the infrastructure team to rack it and stack it and get it tuned up.

If you didnt plan your infrastructure needs perfectly you could end up needing more than you initially anticipated, causing the whole project to come to a screeching halt. Or, perhaps you ordered too much and the project never ended up taking off how you envisioned. The business takes a loss, and youre the one at fault!

An incentive structure like that just doesnt foster innovation. But using the cloud, experimentation is very low risk making it an ideal environment for companies aiming to be on the cutting edge with their tech to stay ahead of an innovative market.

The cloud is allowing companies to deliver 3x more features per year, or perhaps even more. While its hard to measure the ROI of that, we know anecdotally that its significant.

In an on-premises model, it can be prohibitively costly to keep up with technology advances. Organizations typically replace on-premises servers every three to five years, which is an eternity in the fast-paced world of technology.

Cloud Service Providers (CSPs) like Amazon Web Services, Microsoft Azure, and Google take the opposite approach. They adopt new technologies as they are introduced and quickly make them available to their customers as a competitive differentiator.

This means that companies using the public cloud can readily adopt the latest and greatest technologies as soon as theyre introduced, test them out and integrate them into their solutions without a large capital investment or even a commitment.

Lets take a closer look at what this means for something like a machine learning (ML) instance.

Historically, artificial intelligence (AI) and ML frameworks were incredibly complex and expensive to implement and manage. Only well-funded organizations with a large amount of capital to throw around were able to invest in this technology. Today, cloud providers have made this technology available to nearly anyone with an internet connection.

In an industry like healthcare, the ability to run ML models on large sets of patient data is practically invaluable. By scanning terabytes, petabytes, or exabytes of historical data for trends and anomalies, healthcare organizations are able to identify more effective treatments, predict outcomes with incredible accuracy and even diagnose life-threatening problems earlier in order to increase the chances of survival.

When discussing the ROI of cloud in a space like healthcare, its necessary to flip the question around. What is the cost of not putting these new tools to work? How many people will die that could have been saved?

In other industries, like financial services, the answer will be less emotionally charged, but meaningful nonetheless.

A telehealth provider client of ours experienced a 30-fold increase in demand for their application during March 2020. If this was an on-premise solution the company would have had to throw in the towel and accept the dreary fate of not being able to support all the potential business. Theyd have missed out on customers while also failing to perform their business mission of providing critical healthcare.

Luckily, this was a cloud-native application. It required some re-architecture to account for the change, but within a matter of hours it was up and running in tip-top shape, reliable and performant and able to handle the influx of patients who needed care.

Being able to serve all potential customers without ever turning anyone away is a huge value that may be difficult for businesses to measure. But, again, its worth asking the question: whats the cost of not having this capability?

Infrastructure management is an undifferentiated activity, meaning that its administrative and doesnt increase your applications competitive advantage in the eyes of customers in the way that a new feature or solution would. Its more like a utility. You just need it to work!

Compare it to something like managing an electrical plant. Would you rather recruit and hire electrical experts, build out a power plant on your premises, and manage that going forward, or would you rather simply plug into the system and pay the provider for what you use?

The cloud allows companies the opportunity to allocate more internal resources toward differentiated activities that require creativity, innovation, and industry knowledge to do well. Things like developing applications, delivering healthcare or creating and executing strategic business plans can all receive greater focus when you retire your data center and start using the public cloud.

In a discussion around cloud ROI, take a look at what percentage of internal resources and individual employee time is dedicated to differentiated vs. undifferentiated activities, and compare that to pre-cloud transition.

Most people these days understand the shared responsibility model and are bought into the idea that the cloud has the potential to be more secure than traditional infrastructure. Thats because the big CSPs can hire the best cybersecurity talent in the world and invest in best-in-breed tools that allow them to secure their end of the cloud more effectively than most organizations could if they owned the infrastructure themselves.

Another benefit of the shared responsibility arrangement is that security certifications and compliance attestations become easier to achieve in the public cloud. CSPs like AWS, Microsoft and Google all offer services that are HITRUST, SOC 2 and FedRAMP compliant, to name just a few of the supported compliance frameworks. Just by using those services, you can inherit attestation to various controls (or policies) that your CSP has already met. You can shave dozens or hundreds of hours off your certification or audit timeline by inheriting from your CSP. In fact, companies that work with Cloudticity are reducing their HITRUST certification timeline by 4060%.

Global cyber attacks increased 38% in 2022. It goes without saying the value of good security is high, and these certifications offer other benefits such as increased marketability in highly regulated markets, which can directly translate to financial ROI.

You wouldnt measure the value of a car based on how much cheaper it is than a horse. Similarly, you cant measure the overall value cloud delivers by the size of your bill.

There are cost-saving opportunities based on how you architect and manage your cloud. You should absolutely focus on cloud cost optimization, but cost savings shouldnt be your number one goal.

Cloud is about enabling organizations to solve problems that previously could not be solved. Its about freeing companies to get out of the data center business so they can be pioneers and focus on what makes them very, very special.

Its gratifying to see the industry finally coming around to understand this. It would be a shame for the world to miss out on all the potential value cloud has to offer because of some uninformed headlines.

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Setting the Record Straight on Cloud Computing ROI - The New Stack

Cloud computing has been around for a while now, but it is an increasingly useful area to work in as most organisations store data in the cloud.

A career in cloud computing requires some level of technical skill, but with the vast array of resources available, its pretty easy to pick up the skills youll need to work in the area.

One thing you will need is a cloud skills certification, however. Before we take a look at a few of the many courses that can boost your skills and provide you with certification, lets look first look at the skills you need for this career and why they are attractive to employers.

Of all the areas to work in, cloud computing is one that constantly needs fresh talent. This is because it is so widely used by businesses to store and secure data.

All kinds of industries have migrated to the cloud because the benefits are myriad. It makes it easier for companies operating remotely to store data in one digital location that can be accessed by any employee no matter where they are. It is also easy to back up and sync data automatically to the cloud.

To upskill in the area of cloud computing, you will need to familiarise yourself with the big three cloud service providers: Amazon Web Services (AWS), Google Cloud and Microsoft Azure.

These big providers act as vendors and have much of the cloud computing market covered. If you know one of the big three in depth, those skills will stand to you when you apply for a job.

To work in cloud computing, these are some of the technical skills you should learn:

A great way of learning these skills is by doing a course on one of the many online education platforms like Simplilearn, Udemy, Pluralsight or Coursera.

The Complete Cloud Computing Course for Beginners on Udemy is a good bet to cover the basics and give you an overview of what you need to know.

If youre a crammer, then there are lots of YouTube videos on various cloud computing topics out there, such as Simplilearns six-hour cloud computing tutorial video from earlier this year.

As mentioned previously, certification is very important for cloud computing and a lot of employers will look for it as a way of making sure youre fully qualified.

For this reason, if youre serious about a career in cloud computing, it is a good idea to learn from one of the major cloud services providers.

AWS learning library has many short courses ranging from fundamental to advanced learning, such as Cloud Operations on AWS, AWS Cloud Essentials for Business Leaders and AWS Cloud for Finance Professionals.

Likewise, Google Cloud provides training programmes. Its foundational certification does not require learners to have previous tech knowledge but it also has professional certifications for those who want to branch into cloud careers like cloud DevOps engineer, cloud database engineer and cloud architect.

And Microsoft runs courses on its cloud platform Azure, too.

Of course, online learning paths are not the only way to upskill in cloud technologies. You can also build your network and find people who work in tech to provide moral support and learn from their experiences of how to get into certain areas of cloud computing.

In Ireland, there are lots of different cloud community meet-ups happening on a semi-regular basis. Unfortunately, most seem to be happening in Dublin, but if thats too far to travel, there are many webinars and international cloud-related events that are streamed online.

Cloud Academys last event, AWS re:Invent 2022, was held in Nevada but streamed online. In fact, Cloud Academy is a great all-round resource for cloud enthusiasts. As well as events and resources, it provides learning paths for various cloud careers and hands-on exercises to test the new skills you learn.

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We used to worry that fast-food companies were hoodwinking us with questionable beef patties and chicken nuggets made from pink goop. Well, looks like fake meat in the form of lab-based food is back on the menu, folks.

These days, the hottest green tech food startups are throwing their weight behind cellular agriculture, which is the process of taking cells from an animal and growing them in a bioreactor. With enough cells, scientists can harvest this tissue in the form of a steak, chicken breast, fish fillet, or egg. All without killing an animal.

From fast food to fine dining, the emerging players inthis nascent branch of the food industry promise that meat grown in a test tubeis going to be the biggest thing since sliced bread. Cellular agriculture istouted as more environmentally friendly than conventional agriculture because lessland, water, and resources will eventually be needed to grow a pound of meat inthe lab than in the field. If done right, cellular agriculture could flip the conventionalmeat industry on its head, producing a tasty hunk of meat without the cow orchicken.

And once scientists figure out how to make every ingredient used in cellular agriculture solely from plants, the vegans can finally have their cake and eat it, too.

While weve moved past the crazy headlines about $325,000 lab-grown burgers, cultured meat is still costly. The reason is that the main ingredient used in the cell culture media, fetal bovine serum (FBS), still comes from the blood of calf fetuses and costs an arm and a leg. FBS is necessary because it contains essential growth factors that signal to the cells to grow, and there arent too many cheap sources for them. Well have to wait a few years for our perfectly marbled Costco steaks made in Dexters laboratory.

But if you take a red-eye out to Singapore, you could get a taste of lab-cultured chicken. Singapore just approved the sale of the first lab-grown chicken meat back in December 2020, with Eat Just making a historic debut of its chicken nuggets at the Singaporean restaurant 1880.

Be sure to bring your wallet. Four chicken nuggets cost a whopping $23.

Most startups in the cellular agriculture space are laser-focused on mainstream food products like beef or chicken; however, cellular agriculture technology can be used to make meat from pretty much any animal, including humans. Thats why lab-grown meat hasnt exactly been free from ethical controversy.

Orkan Telhan, an artist and professor of fine arts at the University of Pennsylvania, shocked a small circle of naysayers with his steak made from cultured human cells. Aptly named Ouroboros Steak, based on the symbol of a snake eating its own tail, the project blew up Telhans inbox with an endless stream of hate mail from very concerned citizens. Funny enough, hes received just as many inquiries from people who want to grow human meat at home, and from investors interested in bringing human meat to the market. Its probably the Peter Thiel-like billionaires who have been denied the taste of young blood so they can live forever.

Below is an exotic feast of eight companies that are developing lab-based food through cellular agriculture that you generally wont find on the dinner tables of real Muricans.

Founded in 2019, the Australian company Vow has already raised $6.8 million in funding, most of it from a $6 million Seed round in January. The Vow team has been hard at work putting together its food design studio and laboratory in Sydney, with a portfolio of 11 different animals. As a company from Down Under, its only natural lab-grown kangaroo would be at the top of the menu. But the team is also looking into the future, wondering if there are other animals worth munching on outside of the usual suspects.

The brainiacs at Vow are combing through the millions of animals that exist on planet Earth and dialing in on the ones we havent even thought to eat (yet). By selecting the tastiest animals it can find and grow in the lab, Vow doesnt just want to replace conventional meat. It wants to outperform it. Back in 2020, they worked with a couple of famous Aussie chefs to prepare six dishes made from the cultured meat of six different species that included kangaroo, pig, lamb, alpaca, rabbit, and goat.

Horse meat isnt big here in the United States, with the horse meat industry effectively shut down in 2006, but horse meat is still on the menu for Russians and Hungarians. Founded in 2019, ArtMeat is a startup based in Kazan, Russia, culturing meat from horse and sturgeon cells. ArtMeat is a university spinoff supported by the Nanotechnology Center of the Tatarstan Republic and the Kazan Federal University, and one of the first cellular agriculture companies in Russia.

Its technology is based on growing the cells in a bioreactor and 3D printing those cells into the shapes desired, like a steak or a fillet. ArtMeat claims that its horse meat steak will get pumped out in as little as three weeks, compared to the 33 months it takes for a horse to get impregnated, give birth to a foal, and raise that foal into an adult horse. The company has plans to bring its horse meat and sturgeon fillets to market in 2023.

This next company first came across our radar in a piece we did on 9 Alternative Seafood Companies Saving the Oceans. Founded in 2018, the Singapore-based startup Shiok Meats has banked a total of $20.4 million from more than two dozen investors. The focus is on producing cell-based shrimp meat, before the company turns its attention to other costly seafood options, such as crabs and lobsters. With seafood prices up 50% in the first half of last year, getting involved with the seafood market is a no-brainer.

The CEO of Shiok Meats, Sandhya Sriram, has said that it currently costs $5,000 to make one kilogram of cell-based shrimp, with a projected drop in cost to $50 per kilogram in the near future. Shiok Meats is working with another player in the cellular agriculture arena, Japanese company IntegriCulture (more below), to pull down those costs.

Founded in 2018, Avant Meats is a Hong Kong-based startup thats working to produce lab-grown fish maw, raising $3.1 million in a Seed round last December. Known as the cocaine of the sea and money maw, fish maw is believed to be an aphrodisiac and a fertility cure-all. It sounds like anything but: Fish maw is the dried swim bladders of large fish, like sturgeon, and commands a high price on the market because of its supposed medicinal properties. The fish maw of some endangered species, such as the Mexican totoaba, are trafficked illegally and can fetch up to $50,000.

Avant Meats is hoping to get in the middle of that skyrocketing demand and deliver fish maw to hungry customers in a sustainable (and legal) way by cultivating the swim bladder cells of the fish in a bioreactor.

Founded in 2018, Cubiq Foods is headquartered in Barcelona, Spain. The startup raised more than $19 million from investors to build out a platform of healthy omega-3 fatty acids cultivated from fatty duck cells. Normally, omega-3 fatty acids are harvested from fish or krill oil, but Cubiq Foods is betting that marine supplies are going to dwindle so much that theyll be a sustainable player that can churn out omega-3s on demand for the dietary supplements market.

The technology is based on cultivating fatty duck cells that accumulate almost 85% of their weight in oil. Plus, Cubiqs omega-3 fatty acids have the added benefit of not tasting like dead fish.

Founded in 2019, Paris-based Gourmey is blaspheming revolutionizing French cuisine, starting with foie gras. The company has received funding from grants, subsidies, and a couple of undisclosed funding rounds to grow foie gras directly from duck egg cells. The Gourmey team wants to do away with the cruel process used to make traditional foie gras, which involves force-feeding ducks and geese until their livers are riddled with mouthwatering fat.

Gourmey is tapping into the market for ethically sourced luxury foods. Thats good news for the New Yorkers wholl be in desperate need for a foie gras fix after 2022 when the delicacy will be banned over concerns regarding animal welfare. Though theyll have to wait a little longer, because the company doesnt expect to commercialize cell-based foie gras in 2023 at the earliest. Afterwards, Gourmey plans to build a cultivated meat platform based entirely on duck cells to target the duck-loving markets in Asia.

Founded in 2015, Tokyo startup IntegriCulture raised just over $10 million to also bring cell-cultured foie gras to the table, most of it from a Series A in May 2020. IntegriCulture plans to build a pilot plant with this newfound cash to start producing foie gras at scale while also double-dipping into the beauty market by churning out lab-cultured serum for cosmetics.

The pride and joy of IntegriCulture is its CulNet technology, a platform for growing the main tissue cells (i.e., muscle cells for meat) in a central tank connected to feeder tanks containing other, more specialized cells, like liver or placental cells. These feeder tanks supply the main tank cells with growth factors. That way, the company doesnt have to rely on expensive, third-party growth factors to support its operations, which in theory should help IntegriCulture bring down the cost of its cultured products.

IntegriCulture will also license its CulNet technology to other companies to bring in more of that cash. One of its first partnerships is with the Singaporean cellular agriculture startup, Shiok Meats.

Founded in 2016, Because Animals is a cultured pet food startup based in sunny Philadelphia that raised an undisclosed Seed round back in 2019, mainly from a list of well-known alt food accelerators like SOSV and IndieBio. Because Animals claims to have successfully created the worlds first cultured pet food for cats from cultured mouse cells. While the startup has yet to commercialize lab-based mice meat, it did launch some less capital-intensive products, including probiotic supplements for cats and dogs.

Bill Gates recently mentioned in his latest book that every nation with money in its pockets should start chowing down on meat from a culture flask to prevent a climate apocalypse. Thats a nice thought Bill, but unless faux meat comes down in price to that of real meat (or even less for those of us who make peanuts), dont expect it to happen. While 50% of U.S. consumers are trying to work in plant-based proteins like Beyond Meat into their diets, well see what that number looks like if a Rona recession hits.

Mr. Gates vision of the future may become a reality if fake meats of all types continue getting cheaper year after year. Its possible well see lab-based foods in the grocery aisle within this decade. And whether its kangaroo steaks or fish maw soup, the potential is limitless on what we can put on the dinner table through the power of cellular agriculture. Platypus steak, anyone?

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02/05/20231359 views32 likes

Despite the rain trickling down the windows, the atmosphere in this room is bright. Twelve teams are gathered in ESA's ESTEC technology centre to explore how we can use the latest developments in AI and advanced computing to make satellites smarter. To make them more reactive, agile and independent.

Smart speakers. Autonomous cars. Smart heating. We are seeing these inventions making their way into our daily lives, and terms like 'the cloud', 'blockchain technology' and 'machine learning' are becoming more familiar. What if satellites could use existing technologies that collect data, make sense of it, and act accordingly all without human intervention to become smarter?

By nature, satellites take a long time to develop, whilst the digital revolution moves extremely fast on Earth. Compared to the processors that we use today on Earth, computers on board satellites are often outdated. What's more, the space industry has a history of being cautious, taking only necessary risks, and relying on proven and space-qualified hardware and computing techniques wherever possible.

The 12 teams have all spent six months exploring how to accelerate uptake of the latest AI capabilities in space, and are meeting to discuss their findings. Some researched how smarter satellites could directly improve our lives on Earth, for example by more effectively detecting methane leaks and managing disasters from space. Others looked at how smarter satellites could support more sustainable exploration of the Moon and make lunar rovers more independent.

"Lots of satellite applications require fast response, for example in disaster management or tracking moving objects," says Gabriele Meoni, an ESA research fellow who led the meeting. "If satellites could process data directly and independently in space, we could really improve how we handle these situations."

Gabriele continues: "I was really surprised by the outcomes of this suite of research studies. Some demonstrated that using AI you can get results comparable to current methods but much quicker."

Historically, satellites have been designed to collect lots of data and send it down to Earth, where engineers process the data to extract useful information. Gabriele adds: "I want to clarify that bringing AI on board satellites to process data is not a substitute to the current system, but rather a complement to it, as it enables users to gain faster insight into the data. I think that with this research we have made a good first step towards understanding how we can do that better."

Most of the teams found that the benefits of smarter satellites go beyond sustainability and could bring financial opportunities, helping to build a strong commercial space ecosystem in Europe. During a panel discussion, the teams discussed the commercial potential of such technology, highlighting the market value of certain products.

"In the recent 'Revolution Space' report, AI and cloud computing were identified as examples of where Europe has historically missed out on potential markets," explains Leopold Summerer, head of Advanced Concepts at ESA. "This set of activities marks a change, helping European companies to grow and prosper in an innovation-driven global ecosystem."

Funding from ESA Discovery gives companies established and new, space and non-space the opportunity to explore emerging fields even when they are not yet profitable. It allows them to experiment and take risks. It means that European companies can not only be ready for future space markets, but play a vital role in shaping them.

"The results of the activities suggest that smarter satellites could bring huge benefits, but this is just the first step," adds Gabriele. "For me, the next step is to increase the technology readiness levels of the various concepts, working on the first prototypes for ideas proposing new technologies and filling the technology gaps for those showing business potential."

It seems fitting that the final project presented during the meeting was called 'FRIENDS'. As the event ended, participants shared business cards and 'see you soon's. It will be exciting to see how collaborations and competitions ignited through these ESA-funded activities push forward the field of cognitive cloud computing in space.

The call for ideas on 'cognitive cloud computing in space' was run through the Open Space Innovation Platform (OSIP) by the Discovery element of ESA's Basic Activities together with the Agency's -lab and commercialisation department. Activities were funded by the Discovery element using the ESA Initial Support for Innovation (EISI) scheme; each ran for six months with a budget of 100 000 EUR.

Read descriptions of all the activities here.

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ESA - ESA extends AI and cloud computing to space - European Space Agency

DUARTE, Calif.

May 2, 2023 - The healthcare industry has experienced a significant shift in how IT infrastructure is managed with the widespread adoption of cloud computing. From its inception, AccessHope has been at the forefront of this shift by adopting a cloud-first strategy. This strategy allows AccessHope to realize numerous benefits, including improved data security, increased scalability, and reduced costs. It also ensures that all IT infrastructure is stored and managed securely in the cloud which positions AccessHope as a leader in the healthcare industry.

Traditionally, healthcare organizations have relied on on-premises servers and data centers to manage their IT infrastructure. However, this approach has become increasingly untenable in today's era of digital transformation. The sheer volume of data generated by healthcare organizations, coupled with the need for rapid data processing and analysis, has made on-premises infrastructure both costly and inefficient.

By contrast, AccessHopes cloud-first strategy provides its clients and partners with a secure, scalable, and cost-effective way to transmit, store, and protect sensitive data. AccessHope leverages its cloud providers wide range of services, including data storage, computing power, and security protocols that are specifically tailored to the needs of the healthcare industry. These services complement secure data access using robust security measures, including encryption, multi-factor authentication, and advanced threat detection.

AccessHope uses cloud computing to scale its IT infrastructure rapidly in response to changing business needs. This is particularly important in the healthcare industry, where organizations must be able to respond quickly to new challenges, such as pandemics, and accommodate fluctuations in demand for healthcare services.

The adoption of cloud computing in the healthcare industry represents a significant step forward in the management of IT infrastructure. By hosting all IT infrastructure securely in the cloud, AccessHope scales security at the speed of its business needs while reducing costs, ultimately leading to better patient outcomes and a more efficient healthcare system. AccessHope values our customers trust, and we keep data security and confidentiality as the cornerstone of our business principles. Our services are HITRUST certified, and we continue to adopt and exceed industry-leading standards that enable us to stand out as a leader in healthcare services. Our cloud-based software platform that powers our expert reviews enables us to continue Fighting cancer with everything we know.

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AccessHope believes in putting the ever-growing body of cancer knowledge to work for the greater good. We deliver a revolutionary cancer benefit that connects employees with cancer to the latest cancer knowledge fromCity of Hope,Dana-Farber Cancer Institute,Emory Healthcare, and Winship Cancer Institute of Emory University,Fred Hutchinson Cancer Center,andNorthwestern Medicineand the Robert H. Lurie Comprehensive Cancer Center of Northwestern University, accessing the expertise of National Cancer Institute-Designated Comprehensive Cancer Centers.

AccessHope is sharing the latest discoveries in cancer care and working with local oncologists to help as they develop precise plans for treatment. The company brings the vast expertise of major medical centers to people near and far. They never have to switch doctors. They never have to leave home. Its simply a better approach to cancer. And getting better every day.

Today, AccessHope serves approximately 5million members through more than 100 organizations, including more than 20 Fortune 500 companies.

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Vultr also opens up a new location in Manchester, England, expanding its global footprint to over 30 locations

WEST PALM BEACH, Fla., May 02, 2023--(BUSINESS WIRE)--Vultr, the worlds largest privately-held cloud computing company, today announced the latest expansion of its global footprint in Tel Aviv, Israel, to provide democratized access to cloud infrastructure to the growing technology ecosystem in the country. With the addition of Tel Aviv and its new location in Manchester, England, Vultr is continuing its cadence of global expansion by moving closer to eclipsing the data center availability offered by the big three hyperscaler cloud providers.

The Tel Aviv data center location puts Vultr on the map in Israel, where AWS and Azure have yet to establish availability zones. Vultr offers a full-stack infrastructure in both Tel Aviv and Manchester, including cloud and GPU compute, Kubernetes clusters, managed databases, storage-as-a-service, and more. Establishing access to infrastructure-as-a-service (IaaS) in Israel is the latest advance in Vultrs quest to provide full-stack infrastructure services in geographic regions underserved by the hyperscale cloud providers and democratize access to affordable cloud services for all organizations.

Vultrs availability in Tel Aviv now means that organizations with operations in Israel can access cloud compute infrastructure and services domestically to work locally and collaborate globally while maintaining data compliance and minimizing costly data transfer fees. The same applies to Vultrs Manchester data center location, which complements Vultrs presence in London and fortifies Vultrs already-solid position in the U.K. and beyond.

Headquartered in Tel Aviv, BBT.live uses Vultr for compute instances with its secured network connectivity solution, BeBroadband, enabling service providers to offer uncomplicated connectivity to their startup and enterprise customers around the world.

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"Vultr's adaptable model and exceptional engagement allow us to set up our Points of Presence (PoPs) on demand and deliver our services within a matter of hours rather than weeks to expand our business to new geographies rapidly," said Erez Zelikovitz, EVP, Chief Revenue Officer and Chief Product Officer at BBT.live. "We are delighted that Vultr is available at a Tel Aviv data center, close to our headquarters, which complements our already extensive list of locations across North America, Europe, and Asia where BeBroadband-Cloud PoPs are hosted."

"By bringing affordable, enterprise-grade cloud services to organizations around the world, Vultr is leveling the playing field for businesses striving to introduce breakthrough innovation in startup nations like Israel," said J.J. Kardwell, CEO of Vultrs parent company, Constant. "Vultr is breaking the big three hyperscalers stranglehold on customers in need of cloud infrastructure, who must endure the lock-in and exorbitant pricing associated with these inflexible cloud behemoths in exchange for IaaS access that isnt customized to each organizations unique profile of needs."

Technology, digital, and cyber security startups, alongside established enterprises in the country, now need high-performance cloud resources. Vultr is stepping into the market to provide access to flexible cloud resources - spanning from bare metal options to GPU compute available on demand. Vultr ensures that access to these valuable resources isnt limited to just the tech giants. Businesses looking to power generative AI solutions like ChatGPT or run other compute-intensive applications can now leverage the flexibility and cost-saving advantages Vultr brings to an ever-growing number of data center locations.

Vultr will host two events in Tel Aviv for the launch of its availability in Israel. A media breakfast briefing at The Norman Hotel on Tuesday, May 16, from 9:30-10:30 am IST. The industry event, Cloud as You Are, at Pop & Pope on Tuesday, May 16, from 6:00- 8:00 pm IST. For more information on both events and attendance information, visit https://experience.vultr.com/Tel-Aviv-Launch.html.

About Constant and Vultr

Constant, the creator and parent company of Vultr, is on a mission to make high-performance cloud computing easy to use, affordable, and locally accessible for businesses and developers around the world. Constant's flagship product, Vultr, is the worlds largest privately-held cloud computing platform. A favorite with developers, Vultr has served over 1.5 million customers across 185 countries with flexible, scalable, global Cloud Compute, Cloud GPU, Bare Metal, and Cloud Storage [A1] solutions. Founded by David Aninowsky, and completely bootstrapped, Constant has become one of the largest cloud computing platforms in the world without ever raising equity financing. Learn more at http://www.constant.com and http://www.vultr.com.

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Contacts

Ally Corlettvultrpr@scratchmm.com

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Current state of the cloud gaming industry in 2023 augmenting industries growth are trends

Since the rapid growth of cloud computing, data collection, and information sharing led to significant advancement in replacing traditional computation. Cloud gaming is one of the many technologies with the cloud gaming industry growing by increased demand for high-quality games and the rise of mobile gaming.

The Global Cloud Gaming Market is driven by expanding mobile gaming audiences and the increasing digitalization in gaming technology. In addition, the introduction of 5G facilitates faster data transmission, and as well as the launch of unlimited data plans are growth-inducing factors. Some major players in the Cloud Gaming industry making use of these technologies are NVIDIA, AWS, Microsoft, IBM, and more. Several factors augment the industrys growth. The factors influencing cloud gaming industries constitute trends, restraints, and drivers that transform the industry. Also, different segments and applications influence the industry in the future.

Now lets see the current state of the cloud gaming industry in 2023:

NVIDIA, a major player in the industry offers its GeForce Now Cloud Gaming service. It allows users to play their PC games on multiple devices like PC, Macs, etc. The service offers high-quality graphics with the ability to stream games up to 1080p resolution.

Microsoft offers xCloud service making it a key player in the industry. It has integrated xCloud into its Xbox Game Pass Ultimate subscription service that gives users access to a large library of games for a month free. Microsoft also developed its cloud gaming hardware including its Project xCloud servers designed specifically for cloud gaming.

Amazon Web Services (AWS) has offered its Amazon GameLift service, a fully managed service that allows developers to deploy, operate and scale dedicated game servers in the cloud with multiplayer game support. Amazon EC2 for high-performance computing and Amazon S3 for scalable storage are other services and solutions.

IBM Cloud provides a range of cloud computing services which is used to create and deploy cloud-based games. They offer support for high-performance computing with features like GPUs and bare metal servers. The gaming experiences are enhanced by AI and ML services which are used for game analytics and personalization.

Tencent, another key player in the cloud gaming industry with its cloud service provides cloud infrastructure, data management, and security services. The service also offers a range of tools for game development such as SDKs, game engines, and cloud gaming middleware. Tencent is a major game publisher and developed popular titles like League of Legends and Honor of Kings.

Increased demand for mobile games

The rise of mobile gaming is a major driver of growth in the cloud gaming industry. They are a convenient and affordable way to play games as mobile devices get more powerful and internet speed continues to increase.

The increased popularity of Subscription-based services

The services such as Xbox Game Pass, PlayStation Now, and Google Stadia Pro give users access to a large library of their favorite games. Similar to subscription-based services for music, and TV, it is continuing to grow in popularity in the gaming industry as well.

Integration with Traditional Gaming

As the cloud gaming industry seeks rapid growth, more traditional gaming companies embrace cloud gaming to expand their reach and offer more convenient and affordable gaming options.

Adoption of cloud gaming by eSports

Cloud gaming is adopted by eSports to offer more accessible and convenient gaming options for professional gamers and eSports fanatics. The trend dominates as more eSports tournaments and events are held online making cloud gaming technology becoming more advanced and reliable.

The cloud gaming industry has a wide range of applications and its benefits extend beyond just gamers. They are:

Education

Cloud gaming can be used to create interactive and immersive learning experiences for students. Some educational institutions use educational games designed to teach concepts in maths, science, and technology.

Gaming

Without the need for expensive hardware or physical media, cloud gaming allows gamers to access high-quality games. A more convenient and affordable way to play, it offers to play on a variety of devices including mobile devices, smart TVs, etc.

Healthcare

Cloud Gaming in healthcare is used for telemedicine, to monitor patients, and for patient education. They assist doctors to train for surgeries or to teach patients about procedures or treatments.

Entertainment

Beyond gaming, it is used for entertainment. It can be used to stream movies, TV shows, and other forms of media which is an alternative to cable TV and movie rental services.

Training and Simulation

Various industries like aviation, military, and healthcare use cloud gaming in training and Simulation. It is safe and cost-effective to train without the need for expensive physical equipment for real-life tasks.

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Current State of Cloud Gaming Industry in 2023 - Analytics Insight

Studio Network Solutions (SNS) announces that EVO Cloud won the Cloud Computing and Storage Product of the Year Award at NAB Show 2023.

The NAB Show Product of the Year Awards is an official awards program that recognizes some of the most significant and promising new products and technologies showcased by exhibitors at NAB Show.

We are thrilled to accept the Cloud Computing and Storage Product of the Year Award for the second year in a row, says Ryan Stoutenborough, president at SNS. EVO Cloud is our latest cloud workflow solution, and its great to be recognized for this innovative technology thats changing the game for remote creative collaboration.

EVO Cloud is a comprehensive workflow solution for media production in the cloud, providing a central, secure, and collaborative cloud workflow without egress fees, per-seat license fees, or on-premise hardware.

During our centennial year, NAB continues to recognize the products that are transforming how content is being created, connected and capitalized throughout the broadcast, media and entertainment industry, says NAB SVP and Chief Customer Success Officer Eric Trabb. Congratulations to Studio Network Solutions for winning the 2023 NAB Show Product of the Year Award in recognition of EVO Cloud, a product that has demonstrated its ability to help storytellers face the challenges of the present and future by revolutionizing a critical stage of the content lifecycle.

The newly launched EVO Cloud workflow solution comes with last years Cloud Computing and Storage Product of the Year winner: the EVO Suite. This is SNSs third NAB Show Product of the Year Award, and second consecutive win in the Cloud Computing and Storage category.

Link:

NAB 2023: SNS Wins Cloud Computing & Storage Product of the Year - Sports Video Group

As we continue to watch the internet evolve, its important to consider which software-as-a-service (SaaS) stocks to buy as more workloads migrate to the cloud over the next decade.

There has been a significant shift to the cloud in recent years from legacy on-premise workloads and infrastructure. Cloud computing allows organizations to rent rather than buy IT and other functions.

Given the cost savings, scalability, flexibility, productivity gains and improved security features, its obvious why this shift is happening.

Over the 2021- 2026 period, IDC forecasts cloud spending to have a compound annual growth rate (CAGR) of 12.9%. SaaS companies deliver computing services like networking, servers, storage and analytics over the cloud.

These cloud computing advantages mean more workloads will continue moving to the cloud. SaaS growth stocks are expanding despite the current macro uncertainty.

Source: Sundry Photography / Shutterstock.com

IT service management giant ServiceNow (NYSE:NOW) has been one of the best SaaS growth stocks to own.

Over the last decade, it has grown revenues by 27x. The company is aleaderin the cloud-based IT service management and digital workflow solutions sphere. Its software helps businesses streamline operations, automate workflows and improve customer experience.

The companys financial performance has been strong. In therecent quarter the company grew revenues by 24% year-over-year.

Adding to the stellar growth, the company is profitable and in excellent financial shape. It reported a healthy 35% free cash flow margin, which ranks in the top quartile among SaaS growth stocks.

Source: rblfmr / Shutterstock.com

In terms of market opportunity,Snowflake (NYSE:SNOW) is one of the most exciting SaaS stocks to buy.

Data migration to the cloud is a secular trend that will support growth for years. Snowflake is a cloud-based data warehousing, processing and analytics company.

Their data platform provides businesses with a scalable and flexible service for managing their data. It enables organizations to store, analyze and share large amounts of data in real-time, helping them to make better decisions and improve their operations.

Over the last five years, it has reported a net revenue retention rate above 150%. This ability to keep and expand clients makes it one of the top SaaS stocks to buy as it remains on track to achieve its target of $10 billion in product revenue by FY2029.

Its platform capabilities are critical for any enterprise, and it has been winning customers in various industries.

On March 1, theyreportedquarterly revenues of $589 million, a 53% YOY growth rate. Net retention was an impressive 158%. Also, the company announced a plan to return cash to shareholders through a $2.0 billion buyback.

SNOW stock is pricey, with a trailing price-to-sales (P/S) of 24. However, the exponential growth in data and analytics presents long-term tailwinds.

Data warehouses remain a top spending priority for organizations. Thus, growth will remain strong, and their 40% revenue guide in FY2024 illustrates this.

Source: Workday

Workday(NASDAQ:WDAY) is a cloud-based software company that provides businesses with human capital management, financial management, and analytics solutions.

The companys cloud software help businesses improve their workforce management, financial management and decision-making processes.

Workday has a strong market position in the HCM space, with a growing customer base across a range of industries. According to Gartner, the company is a leader in the HCM suite.

It counts many Fortune 500 companies as customers. InQ4 2023, the company hit the 10,000 customers milestone. Revenue increased 19.6% YOY, and Non-GAAP, basic net income per share, was $1.00. The company expects FY2024 revenue of $6.5 billion, a 20% CAGR from FY2020 revenues of $3.10 billion.

There still exists a massive opportunity for Workday. It estimates the total addressable market for the HCM and finance at $52 and $73 billion, respectively. Considering that organizations will continue to modernize HR and finance operations, Workday is one of the top SaaS stocks to buy to play this trend.

On the date of publication, Charles Munyi did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.

Charles Munyi has extensive writing experience in various industries, including personal finance, insurance, technology, wealth management and stock investing. He has written for a wide variety of financial websites including Benzinga, The Balance and Investopedia.

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3 High-Growth SaaS Stocks to Watch in the Cloud Computing Boom - InvestorPlace

Notably, cloud was one of the most frequently referenced themes in Q1 2023, ranking highest in terms of mentions, ahead of Covid-19 and robotics, according to GlobalData.

Of the 50 leading companies in the automotive industry, Rivian Automotive had the greatest increase in references for cloud in Q1 2023, compared with the previous quarter. GlobalData identified 9 cloud-related sentences in the company's filings - 14% of all sentences - and an increase of 200% in Q1 2023 compared with Q4 2022. Mercedes-Benz Group's mentions of cloud rose by 300% to 4 and Ford Motor's by 200% to 3 and Lucid Group's by 100% to 2 and Li Auto's by 100% to 1.

GlobalData's Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for cloud in Q1 2023 was 101.

To further understand GlobalData's analysis on cloud computing market, buy the report here.

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalDatas Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the worlds largest industries.

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Mentions of cloud increased in the automotive industry in Q1 2023 - just-auto.com