Category Archives: Cloud Computing

For every manager and business owner who is not familiar with cloud computing technology, the concept of shifting their business to the cloud is likely to be daunting!

Many companies fear that storing their data on a cloud platform could be less secure as compared to file storage and on-site data. Some also think that it could be an expensive affair to make the transition or a time-consuming task that will halt their business operations.

But this cannot be further from the truth!

In fact, businesses that have already moved to the cloud are reaping numerous benefits like increased security and enhanced productivity. Studies suggest that nearly 74% of companies think that the cloud had a positive impact on their company.

It is possible that your business is already leveraging the cloud computing technology, although you are not sure what it actually does.

For instance, when youre checking your bank account on the mobile device, you are technically using cloud-based ERP systems. Similarly, when you make changes to your social media accounts, you are in the cloud.

If you have various apps to handle your business operations, your company has perhaps already transitioned to cloud computing.

Since no one knows your business better than you do, it is completely up to you to decide whether or not you need to move to the cloud. But one thing is for sure - businesses not using cloud computing technology are slowly becoming a thing of the past!

Studies also suggest that over 93% of companies are already leveraging cloud technology.

These organizations have not transitioned to cloud computing because it is all the rage. They did it because of the myriad of benefits offered by the cloud ERP system. Here are the top six reasons why you should move to the cloud right away!

Many businesses have mentioned operational flexibility as the major reason why they moved their company to the cloud. As you grow your business, the bandwidth need also increases. The cloud computing technology helps you easily shoot up your storage capacity whenever you want to. Similarly, you also get to scale down with complete ease.

An unforeseen disaster can have a catastrophic impact on your business operations. Before the inception of cloud ERP solutions, investing in solid disaster recovery was frowned upon as an expensive affair. But with cloud computing technology, companies can easily execute a disaster recovery plan without huge investments.

When you leverage cloud computing, you ensure that your businesss servers are off-premises and handled by the provider. This means you get automatic and hassle-free security and software updates. It also lets you focus more on other essential business functions.

Shifting your company to the cloud technology completely removes the need for expensive investment on hardware and its maintenance. Using cloud computing, your business can select any of the payment options that is convenient to you.

When you transition to cloud computing, all your confidential data is in safe hands! This means even if you accidentally delete your data or endure a software crash, you still have complete access to the information. It also enables you to wipe out the unnecessary data to make sure its not compromised.

When using cloud computing solutions, you get full access to all the latest technologies that you could not use otherwise. Also since you will be leveraging technologies similar to the ones used by established and large-scale organizations, you get an upper hand over your competitors.

If your company has not yet moved to the cloud, it is high time that you do so!

Shifting to the cloud will only make your company more competitive and flexible, offer enhanced disaster recovery plans, safeguard your crucial data, and help you save hundreds or even thousands of dollars.

A robust cloud computing plan is one of the best ways to improve and grow your company. Another one is to collaborate with experienced suppliers.

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Cloud Computing - Why It's Time To Shift Your Business To The Cloud - CSCMP's Supply Chain Quarterly

LONDON--(BUSINESS WIRE)--The global healthcare cloud computing market size is expected to grow by USD 25.54 billion during 2020-2024. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. We expect the impact to be significant in the first quarter but gradually lessen in subsequent quarters with a limited impact on the full-year economic growth.

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Research collaborations have increased in recent years, particularly in the field of healthcare. Healthcare establishments and organizations involved in research initiatives require systems with high computational capabilities. Deploying cloud computing in healthcare ecosystems offers various advantages, including cost savings, enhanced flexibility, and system scalability to the organizations. Furthermore, the use of cloud computing also facilitates better collaborative research among various healthcare researchers and other stakeholders. The cloud computing modules designed for the healthcare ecosystem helps healthcare professionals make precise decisions while prescribing appropriate medications to their patients. Thus, growing collaborations among different stakeholders of the healthcare industry will drive the healthcare cloud computing market.

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The COVID-19 pandemic continues to unfold with severe impact on people, communities, and businesses. Several industries are expected to be negatively impacted while various other markets may show promising growth. The health care and information technologies is one such sector, which is expected to witness a positive impact due to the global outbreak of COVID-19. With the healthcare industry showing positive signs, the global healthcare cloud computing market is expected to grow significantly during the next few years.

As per Technavio, the introduction of blockchain in cloud computing will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.

Healthcare Cloud Computing Market: Introduction of Blockchain in Cloud Computing

Rising deployment of cloud computing systems in the healthcare industry has increased data and information theft, resulting in cybersecurity issues. However, the implementation of blockchain in healthcare IT infrastructure will help in achieving greater data security, streamlining claims, managing the billing process, and ensuring integrity within the drug supply chain and health research. Also, blockchain-enabled systems reduce breaches during data exchange and offer greater ownership to patients with respect to their personal data and health records. As a result, with the growing awareness of the benefits provided by blockchain technology, vendors in the healthcare industry are collaborating with cloud computing companies to develop blockchain-based healthcare management systems.

Introduction of edge computing, integrated service offerings for the healthcare industry, and development of hyper-converged infrastructure (HCI) are a few other factors that will boost market growth during the forecast period, says a senior analyst at Technavio.

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Healthcare Cloud Computing Market: Segmentation Analysis

This market research report segments the healthcare cloud computing market by product (SaaS, IaaS, and PaaS) and geographic landscape (North America, APAC, Europe, South America, and MEA).

The North American region led the healthcare cloud computing market in 2019, followed by Europe, APAC, South America, and MEA respectively. During the forecast period, the North American region is expected to register the highest incremental growth due to factors such as the increasing adoption of cloud computing by healthcare institutes, and the increasing launch of various cloud computing products.

Technavios sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report

Some of the key topics covered in the report include:

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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COVID-19 Impact and Recovery Analysis- Global Healthcare Cloud Computing Market 2020-2024| Increasing Cloud Assisted Medical Collaborations to Boost...

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Simply put, 'cloud' refers to the Internet, and cloud computing means saving your files and all your data, accessing applications or programs over the Internet instead of using local storage. Local storage or computing is saving your data on or running programs from your computers hard drive. In the past, people ran programs through software downloaded onto their computers. Cloud computing allows people to access these programs over the Internet without having to install them.

The word cloud was used to describe how engineers typically illustrated the Internet in diagrams that map out components of their networks. In previous years, engineers used a cloud symbol in old diagrams to depict this complex system all their computers were connected to thats located off-site or beyond their premises.

For businesses cloud computing means accessing computing services like data back-up and storage, server management, software hosting, disaster and recovery, analytics, among many others over the Internet.

Many organizations use cloud technology because it allows them to save a lot of money and other resources. With this technology, companies no longer need to build their own IT infrastructure on-site. They dont need to set-up, run, and maintain data centers. They dont have to buy racks of servers, expensive hardware, and software or pay for 24-hour electricity and cooling to keep servers working properly. On top of all these, they no longer need to maintain a team of IT personnel to manage the infrastructure on-site.

It saves the company even more since they dont have to invest in having physical space for servers. Cloud computing is also more flexible. It can be scaled up or down depending on the companys needs and they only pay for what they use. Simply put, they can just plug in and pay for a monthly subscription.

Cloud providers also offer customers advanced security features with a broad set of technologies and control to protect data from breaches and other threats. They provide added security measures to maintain cloud data protection and guard against unauthorized access, especially to sensitive information like clients payment data (credit card information, bank accounts), personal information (social security numbers, home addresses, phone numbers), health information (diagnoses, treatments), and other confidential data like financial records, business plans, or source codes among others.

Resources in the cloud can also be easily accessed from anywhere in the world. Companies and their staff can access, store, retrieve, or recover resources 24/7 while on the go even by using mobile devices. It is especially useful for companies with remote staff working from different parts of the world. It gives employees access to resources even if they are scattered in different locations.

Another important feature of cloud technology is cloud backup and disaster recovery. Since data is one of if not the most valuable asset of many modern organizations, losing it can mean losing productivity, revenue, and customers. A disaster can be caused by an access breach as in the case of a cyber-attack, a fire, flood, typhoon, or snowstorm that may damage computers on-site, or simply human error like when one of your administrators accidentally deletes data. This is why you need a Disaster Recovery (DR) plan.

Cloud providers offer disaster recovery backup services also known as off-site disaster recovery that allow organizations to easily backup and restore, or retrieve data and applications in case of a disaster to continue their operations. These cloud services are often scalable which means companies have control over how little or how much data or applications they need to back up or how often data back-up should be done (does the company need continuous or scheduled back-up?).

There are different approaches to cloud backup and disaster recovery and a company can choose any based on their budget and needs. The most basic one involves backing up data to the cloud and then recovering it when a disaster occurs. Another much more expensive approach involves having your backup resources running at all times and putting these resources into use as soon as disaster strikes. A third more sophisticated approach is having backup resources running in the cloud at all times and having copies of this spread out in different locations of the cloud. This provides more instantaneous backup and recovery, which is also more secure because it allows companies to recover data quickly even if one cloud site has failed. Although the last one is a lot more expensive and is designed for bigger companies.

There are three main types of cloud computing: public cloud, private cloud, and hybrid. A public cloud refers to IT infrastructure not owned by a single end-user and is shared with many others. In essence, public cloud providers lease out partitioned and redistributed parts to multiple tenants (organizations). In this type, cloud computing services are shared with numerous customers although their work systems remain separate from one another, they just happen to share the same cloud infrastructure (physical machine or group of machines). This is the most cost-effective approach.

Private cloud refers to cloud computing services that cater to a single tenant or one end user only. This means an organization may choose not to maintain their data center on-site, but procure the services of a cloud provider to create private cloud IT infrastructure that can be used by their business only. This is the most secure cloud computing solution that is used by companies handling sensitive data.

Hybrid cloud, on the other hand, uses a combination of private and public cloud resources. This allows companies to move between private and public clouds depending on specific needs giving them more flexibility.

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What Is Cloud Computing? - World Atlas

The coronavirus has been responsible for widespread changes in the US economy. Consumer preferences have changed which has resulted in increased demand for certain industries. Cloud computing, which had been a niche industry, is slated to take center stage.

As more people have been working from home, there has been an increase in video conferencing, and distance education. This bodes well for cloud computing service providers since many individuals and companies will be shifting their work online. Large companies now require sophisticated cloud architectures to shift their data and software applications online.

Here are five cloud computing stocks expected to do well in the second half of 2020:

Amazon (AMZN)

With the spread of the pandemic, AMZN has received a boost not just to its core business of e-commerce, but also to its cloud computing services. In the first quarter of this year, AMZNs cloud computing segment AWS, brought in a record of $10 billion in revenue. That was a rise in revenue of 34.2% compared to the same period last year.

With cloud computing being increasingly important for the world, AMZN is well-poised to experience high growth in the sector. AMZN has a Strong Buy rating in the StockNews.com POWR Ratings. It is the #1 stock out of 52 Internet companies. AMZN has returned 55.79% so far year to date.

Alphabet (GOOGL)

GOOGL has not only benefited from an overall increase in web traffic, but its cloud computing service has been flying high as well. The companys first quarter gross revenue saw an increase of approximately 13%. In the same quarter, GOOGLs revenue from Google Cloud rose by 52%. Googles Cloud unit is now hiring faster than the rest of the company with expectations of faster growth.

GOOGL has returned 7.66% year to day. The stock has a Strong Buy rating in the POWR Ratings. It also has a Buy & Hold Grade of A. This measures the long-term bullish or bearishness of a stock.

Adobe (ADBE)

This may surprise some, but ADBE is a large player in the cloud computing space thanks to its Creative Cloud product. The company also offers Experience Cloud, which focuses on providing tools for marketing, advertising, analytics, and commerce.

Last month, ADBE released the Adobe Experience Manager as part of its Experience Cloud service. With a greater digital presence for many companies, the companys latest offering seeks to provide digital experience solutions.This could mean a larger share for Adobe in the overall cloud computing market.

ADBE has a year to date return of 33.35%. The stock has a Strong Buy rating in the POWR Ratings. It is also ranked #1 of out 82 stocks in Software Application industry.

Salesforce (CRM)

CRM is a dedicated cloud computing services provider that operates in six core segments: sales force automation, customer support, marketing automation, community management, analytics along with a cloud platform for building custom applications.

The company has announced a new mobile collaboration tool called Salesforce Anywhere. With more people working from home, there has never been a better market condition for this type of a tool.

CRM has returned 17.98% so far year to date. The stock has a Strong Buy rating in the POWR Ratings It also has A Grades in all four components that make up the POWR Ratings.

Splunk (SPLK)

SPLK is a cloud computing service provider that focuses on big data. It enables companies and organizations to monitor and analyze big data metrics from a range of sources. The company recently announced that Splunk Cloud will now be available through Google Cloud, adding to data sharing and analysis capabilities of its users. This move could spark greater adoption of Splunks cloud-based tools. SPLK cloud-specific sales grew 81% in its most recent quarterly which ended on April 30..

The stock has returned 35.95% so far this year. SPLK has a Strong Buy rating in the POWR Ratings It also has A Grades in all four components that make up the POWR Ratings.

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AMZN shares . Year-to-date, AMZN has gained 56.42%, versus a -1.99% rise in the benchmark S&P 500 index during the same period.

The StockNews Staff is led by a team of investment experts including CEO, Steve Reitmeister and trading legend Adam Mesh. The goal of our commentary is to provide you with valuable insights to make more successful investment decisions. More...

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AMZN: 5 Cloud Computing Stocks that are Expected to Outperform - StockNews.com

The Edge and the Cloud are the hot terms in data processing today, particularly for industries that are continuing to explore the benefits of the Industrial Internet of Things. These devices produce a huge amount of data about processes temperatures, pressures and the levels of liquids in a vessel, to name but a few. In the past, a lot of this data was left untended and un-utilized, with companies lacking the ability to easily analyze it or share it.

With the arrival of Edge computing and Cloud technologies, all this has changed. Bringing the combined benefits of greatly enhanced computing power and analytical capabilities, these technologies promise to allow users to fully unlock the possibilities of Industry 4.0. For industrial companies, the challenge now is to find the best way of using these technologies, either individually, or together, to facilitate the full exploitation and sharing of their device and systems data.

The essential difference is that the Edge is on premise it puts computing close to industrial systems. By contrast, the Cloud is served by data processing facilities based at a remote data center and provides essentially infinite computing. Which one to choose is highly dependent on a users applications and their environment, as well as their requirements around key issues such as security.

When it comes to the Edge, the fact that the computing power is placed near the very devices it serves creates one major obvious benefit it reduces latency, the time needed for data to travel from source to destination, meaning enhanced speeds are achieved.

Security is also an increasingly important industry focus. Many potential users will be concerned that Edge computing presents an easy way for hackers to gain entry to a plants network. They may feel that the attack surface is just too great. Yet, the other side of the coin is that the distributed nature of Edge computing means it is easier to seal off an affected device. Another advantage is that the greater amount of data being processed locally means that less is being transmitted to a central server, further cutting the risk.

There are several precautions that can be taken to ensure the integrity of Edge computing. These include ensuring that each connected device has built-in cyber security, making sure that all enclosures are physically secure and using remote security monitoring to log access attempts and intruders. Edge computing also allows far more scalability as the business grows and production plants expand. With smaller, more capable computing devices, installations can easily be expanded to account for greater volumes of data and applications.

There are several ways to ensure the process of adopting Edge computing goes smoothly.

The first is to choose an Edge computing vendor that works with a wide variety of both global and local partners. Such a vendor will work to globally recognized standards, ensuring that any products and solutions supplied will work together seamlessly.

Similarly, potential Edge users must look for solutions with standardized, pre-integrated and pre-validated architectures. This will ensure that the planning and deployment of the Edge project is both rapid and cost-effective.

When the time comes to deploying the Edge solution, an Edge configurator tool can be used. This can help firm up the design by incorporating such considerations as physical infrastructure, management, services, and security measures, allowing quick configuration and deployment.

By contrast, Cloud computing is where all data from the IIoT devices is gathered and processed in a centralized location. Any devices that need access to this data, or need to use any applications that use it, must first connect to the Cloud. The Cloud offers access to computer system resources on-demand, in particular data storage and computing power. Since everything is centralized, the Cloud is more straightforward to secure and control than Edge computing, while still allowing for reliable remote access.

More information on Cloud Computing will follow in part two of this series.

Narasimham Parimi, is the Digital Products Portfolio Manager Device Integration for ABB Process Control Products.

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Edge and the Cloud Partners or Competitors? Part I - Manufacturing.net

New Jersey, United States,- Market Research Intellect sheds light on the market scope, potential, and performance perspective of the Global Cloud Computing Security Software Market by carrying out an extensive market analysis. Pivotal market aspects like market trends, the shift in customer preferences, fluctuating consumption, cost volatility, the product range available in the market, growth rate, drivers and constraints, financial standing, and challenges existing in the market are comprehensively evaluated to deduce their impact on the growth of the market in the coming years. The report also gives an industry-wide competitive analysis, highlighting the different market segments, individual market share of leading players, and the contemporary market scenario and the most vital elements to study while assessing the global Cloud Computing Security Software market.

The research study includes the latest updates about the COVID-19 impact on the Cloud Computing Security Software sector. The outbreak has broadly influenced the global economic landscape. The report contains a complete breakdown of the current situation in the ever-evolving business sector and estimates the aftereffects of the outbreak on the overall economy.

Leading Cloud Computing Security Software manufacturers/companies operating at both regional and global levels:

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The Cloud Computing Security Software market report provides successfully marked contemplated policy changes, favorable circumstances, industry news, developments, and trends. This information can help readers fortify their market position. It packs various parts of information gathered from secondary sources, including press releases, web, magazines, and journals as numbers, tables, pie-charts, and graphs. The information is verified and validated through primary interviews and questionnaires. The data on growth and trends focuses on new technologies, market capacities, raw materials, CAPEX cycle, and the dynamic structure of the Cloud Computing Security Software market.

This study analyzes the growth of Cloud Computing Security Software based on the present, past and futuristic data and will render complete information about the Cloud Computing Security Software industry to the market-leading industry players that will guide the direction of the Cloud Computing Security Software market through the forecast period. All of these players are analyzed in detail so as to get details concerning their recent announcements and partnerships, product/services, and investment strategies, among others.

Sales Forecast:

The report contains historical revenue and volume that backing information about the market capacity, and it helps to evaluate conjecture numbers for key areas in the Cloud Computing Security Software market. Additionally, it includes a share of each segment of the Cloud Computing Security Software market, giving methodical information about types and applications of the market.

Reasons for Buying Cloud Computing Security Software Market Report

This report gives a forward-looking prospect of various factors driving or restraining market growth.

It renders an in-depth analysis for changing competitive dynamics.

It presents a detailed analysis of changing competition dynamics and puts you ahead of competitors.

It gives a six-year forecast evaluated on the basis of how the market is predicted to grow.

It assists in making informed business decisions by performing a pin-point analysis of market segments and by having complete insights of the Cloud Computing Security Software market.

This report helps the readers understand key product segments and their future.

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In the end, the Cloud Computing Security Software market is analyzed for revenue, sales, price, and gross margin. These points are examined for companies, types, applications, and regions.

To summarize, the global Cloud Computing Security Software market report studies the contemporary market to forecast the growth prospects, challenges, opportunities, risks, threats, and the trends observed in the market that can either propel or curtail the growth rate of the industry. The market factors impacting the global sector also include provincial trade policies, international trade disputes, entry barriers, and other regulatory restrictions.

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Market Research Intellect provides syndicated and customized research reports to clients from various industries and organizations with the aim of delivering functional expertise. We provide reports for all industries including Energy, Technology, Manufacturing and Construction, Chemicals and Materials, Food and Beverage, and more. These reports deliver an in-depth study of the market with industry analysis, the market value for regions and countries, and trends that are pertinent to the industry.

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Cloud Computing Security Software Market Growth By Manufacturers, Type And Application, Forecast To 2026 - 3rd Watch News

This internet boom over the last two has led to the growth in the demand for bandwidth from data centres. Lack of access to quality data networks and fully amped data centres in India is truly felt among organisations during this novel Coronavirus pandemic. To counter the pressure of work from home scenarios, Indian organisations are investing many times more than traditional IT spending in cloud infrastructure. In addition, cloud companies are expanding fast in the nation.

Even global companies are flocking towards India. For instance, Oracle has come up with its second cloud region in Hyderabad to support customers demand for enterprise cloud services in India. The launch follows the launch of its Mumbai Cloud region in 2019, making India Oracles latest nation with multiple cloud regions available. India has also become the next big hot market for internet giants such as Netflix, Spotify, Facebook and Amazon, fuelling demand for cloud professionals who could manage the digital infrastructure.

Amid this boom, training providers are witnessing a surge in enrolment in their information technology training programmes, including emerging technologies like cloud and data science. The jobs of the future will need expertise specific niche skills, and upskilling is the only way for a long term career growth for technologists. Hence certification programs are getting popularity among the IT professionals. According to analysts, COVID-19 lockdown has catalysed the enthusiasm of techies to getting certified. Indian software programmers are going for cloud certifications amidst COVID-19 lockdown, revealed a survey report from TechGig.

Also Read: 10 Leading Courses & Training Programmes For Cloud Computing In India

Extensive understanding of a new-age technology appeared the most crucial reason for techies to take certifications. Also, freshers and new joiners are more interested in acquiring certifications than working professionals. Cloud technology which is helping communication and remote working amid the present COVID-19 lockdown is also the preferred option for upskilling for the Indian developers, notes TechGig. The preference for cloud came on top of other advanced technologies like artificial intelligence and machine learning.

In todays unique COVID-19 time, technology is the only string which is keeping the world together. From cloud computing, which is supporting work-from-home to artificial intelligence, which is backing banking, retail, and important sectors run operations. Besides, cloud computing is crucial for robotics that is helping the front-line hospital personnel; new-age technologies are assisting the globe to connect in the existing time. The TechGig survey shows the enthusiasm of Indian developers to upskill on these new-age technologies, said Sanjay Goyal, Vice President & Head of Product and Technology at TechGig

Looking for people with cloud skills is a complex endeavour. Organisations these days are finding it very difficult to hire and retain cloud specialists, particularly in roles requiring advanced cloud skills and cloud architecture. Therefore, companies are giving due importance to both finding and creating the skills in-house so they do not face infrastructure challenges. Also, given the introduction of new services from the three major cloud platforms Google Cloud Platform, Amazon Web Services, Microsoft Azure and others, cloud training has to be constant so people can stay on top of the technology. Training providers are witnessing a surge in enrolment in their information technology training programmes, including emerging technologies like cloud and data science.

Cloud technology is one of the leading tech domains for upskilling among the techies and other technologies like artificial intelligence, machine learning, and quantum computing, getting the highest preference in terms of the need for upskilling. According to TechGig IT Certification Survey, one of the most important findings was that 90% of the respondents revealed that they are planning to have an IT certification soon to support and boost their career prospects. Thats why the adoption of certification courses is on the rise.

Also Read: 10 Leading Courses & Training Programmes For Cloud Computing In India

Cloud computing has risen to be the most sought-after skills set in the world for the last few years, and in particular, in 2020, companies are migrating their infrastructure and apps to cloud platforms. As a consequence, cloud jobs are also growing at a swift pace, making it one of the hottest fields in information technology. Now, with the demand for cloud experts, it has fuelled the need for niche skills, and IT professionals know that well.

It is clear that IT professionals will not face any issue with employment opportunities if they are skilled in cloud technologies space, particularly for platforms such as AWS, Google Cloud, Microsoft Azure. Consequently, learners are developing skills so they can grab the jobs as a cloud developer/administrator or system operators for cloud platforms after finishing their training programs. The platforms are utilised by thousands and thousands of businesses worldwide for hosting their products and services.

Home Why Indian IT Professionals Are Looking To Upskill Themselves In Cloud Computing

Cloud training courses will provide professionals with the opportunity to learn the best techniques and practices in cloud computing and acquire live feedback from an expert instructor. Training will help learners to take cloud certification exams from vendors- AWS, Azure or Oracle certifications to get recognised by hiring managers.

The upskilling is spread across advanced classroom training programs run by specialised institutes like Jigsaw Academy and Great Learning, etc, which have also witnessed a surge in demand for enrollment. Apart from training institutes, learners are also flocking to cheaper and/or free courses from cloud vendors or those found on Udemy. In fact, in a recent survey done by Analytics India Magazine, 76.9% of the analytics professionals are spending their time on training through self-learning.

While IT professionals not already working with cloud technologies will gain a solid foundation, those with some cloud experience will gain a more structured and hands-on understanding of cloud technologies, including issues such as migration, deployment, integration, platform choice, and architecture.

According to reports, COVID-19 pandemic has caused the desire to get certified, and professionals understand that certification is a need of the hour amid mass layoffs. DevOps, infrastructure-as-a-service, software-as-a-service, automation, agile and software-defined networks are going to be critical for IT professionals to land these jobs. Some platforms are offering interesting courses for learners to build their cloud tech skills, including many free courses to build cloud tech skills.

Also Read: 10 Leading Courses & Training Programmes For Cloud Computing In India

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Vishal Chawla is a senior tech journalist at Analytics India Magazine and writes about AI, data analytics, cybersecurity, blockchain and startup ecosystem. Vishal also hosts AIM's video podcast called Simulated Reality- featuring tech leaders, AI experts, and innovative startups of India. Reach out at vishal.chawla@analyticsindiamag.com

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Why Indian IT Professionals Are Looking To Upskill Themselves In Cloud Computing - Analytics India Magazine

Artificial intelligence (AI), 5G and coronavirus stocks have been on many investors minds recently. While there are certainly many opportunities in those sectors, theres another tech sector thats seen massive growth over the past year: cloud computing.

Source: Blackboard / Shutterstock

It doesnt sound nearly as sexy, but outside of coronavirus themes, its actually been the best performing sector year-to-date. After all, many businesses are now operating remotely, and all that data has to be storedsomewhere. As a result, the big cloud computing ETFs WisdomTree Cloud Computing (NASDAQ:WCLD), First Trust Cloud Computing (NASDAQ:SKYY) and Global X Cloud Computing (NASDAQ:CLOU) have significantly outperformed the SPDR S&P 500(SPY). The SPY is still down over 6% while WCLD, SKYY and CLOU are up 53%, 22% and 35%, respectively.

While cloud computing isnt nearly as flashy, its key to the future of technology. Cloud computing allows organizations to share data and store information online. In other words, they can move away from the bulky and limited physical storage of data, to the virtually unlimited storage of data through the cloud systems. They also make it easier to share information with, say, clients or colleagues in a different physical location.

Case in point:Veeva Systems (NYSE:VEEV), a leading provider of cloud software solutions for the life sciences industry. Its solutions help pharmaceutical and life sciences companies use cloud-based architectures and mobile applications for their businesses.

Now, the company actually has a very interesting origin story. Veeva Systems was founded in 2007 by Peter Gassner and Matt Wallach, who had never met before. In fact, they lived 3,000 miles away from one another. However, they both saw the direction cloud computing was heading and how it could benefit the life sciences industry.

Given Peter Gassners experience in Silicon Valley and Matt Wallachs experience in life sciences, they were the perfect duo to bring the cloud and life sciences together. The company was launched right before the iPhone hit the streets, so there was plenty of opportunity for VEEV to use cloud computing to take the life sciences industry by storm, developing technology solutions specifically to meet its customers needs.

Today, VEEV offers a variety of cloud computing solutions that fall under the Veeva Commercial Cloud, a suite of multichannel customer relationship management (CRM) applications, and Veeva Vault, a cloud-based enterprise content management application for managing commercial functions. The company has a number of well-known clients, includingAstraZeneca(NYSE:AZN), Teva Pharmaceuticals (NYSE:TEVA) and Bayer.

Over the years, strong global demand has added nicely to the Veeva Systems top and bottom lines.VEEV announced in May that it exceeded its own expectations for its first quarter in fiscal year 2021.

First-quarter revenue grew 38% year-over-year to $337.1 million, up from $244.8 million in the first quarter of 2020. Subscription revenue accounted for $270.2 million. First-quarter earnings increased 34% year-over-year to $105.2 million, while earnings per share jumped 32% year-over-year to $0.66. The consensus estimate called for earnings of $0.58 per share on $319.99 million in revenue, so Veeva Systems posted a 13.8% earnings surprise and a 5.3% revenue surprise.

The company continues to support the life sciences industry throughout the coronavirus pandemic, so healthcare professionals can carry out critical work for patients wellbeing.

Remote meetings between pharmaceutical companies and doctors through Veeva Engage are up more than 30 times during the pandemic. Doctors are also finding digital meetings more effective and plan to continue to a mix of in-person and digital interactions once these outbreaks subside. So, this should be a nice tailwind for the company.

What I also like about VEEV is its scalability: the ability of a business to exponentially grow revenues while only growing costs minimally. Cloud computing is very scalable and flexible because the upfront production costs are minimal. This makes companies like VEEV invaluable to the technology sector and its future.

So, its no surprise VEEV hit a new 52-week high of $244.10 this week. And since its also a holding in WCLD and SKYY, as well as 102 other U.S. ETFs, the stock should continue to see nice boosts in buying pressure.

Speaking of new highs,several of my stocks across my growth services, likeAdobe Systems (NASDAQ:ADBE), DocuSign, Inc. (NASDAQ:DOCU), Microsoft (NASDAQ:MSFT), Zoom Video Communications(NASDAQ:ZM) and Digital Turbine, Inc.(NASDAQ:APPS) also hit 52-week highs this week. What is especially noteworthy is that DOCUs new 52-week high came on Wednesday, during the big broad market selloff!

This is the type of performance you can expect when you invest in the best of the best. These are all fundamentally superior stocks with healthy sales and earnings growth that should keep them moving higher regardless of where the market turns next.

As aPlatinum Growth Clubmember, you have access to all of my buy lists, including theexclusive Model Portfolio, which offers the crme de la crme of stocks. If youre interested,you can click here to try myPlatinum Growth Cluband see all my latest buy and sell recommendations.

This includes myGrowth Investor July Monthly Issue, which just posted. In it, I released four new stock recommendations in hot sectors, and I cut three others from the team as well. You can learn all about it here.

Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system with returns rivaling even Warren Buffett. In his latest feat, Louis discovered the Master Key to profiting from the biggest tech revolution of this (or any) generation. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters.

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Cloud Computing: The Tech Sector's Best Kept Secret - InvestorPlace

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Technological obsolescence is described as a state when a technical product or service is no longer needed or wanted even though it could be in perfect working order. Technological obsolescence generally occurs when a new upgraded product is created to replace an older version. To get an idea, think about your smartphone, by the time you get accustomed to its numerous features; there is already a newer swankier version launched. Indeed, there will be some novel features, some enhancements, productivity gains. But these efficiency gains come at a price. The big question is, what do you choose: efficiency or expenditure?

This dilemma exists at the consumer level. Somewhat similar, but more complex, is the dilemma faced by enterprises. When it comes to technology, enterprises seem to walk on a tight-rope. At one end, they need to curb costs that could even entail cutting down on investments. On the other hand, they need to improve productivity, ensure that the competitive edge is not lost. Hence, enterprise applications need to be updated; hardware needs to be upgraded, and so on. This can be quite a challenge, especially when technology is in a constant state of flux. There are newer and better versions of the same hardware or software applications available almost every quarter. Thus, when to upgrade and what to upgrade can be quite baffling. After all, improving efficiency is a perpetual goal.

So, should you be cutting costs or investing for growth? The answer is simple; the best companies do both.

This is where cloud computing comes into the picture. According to Investopedia; cloud computing is the delivery of different services through the Internet. These resources include tools and applications like data storage, servers, databases, networking, and software applications. Over the past decade and more, Indian enterprises have embraced cloud computing for a multitude of functions; right for email management to financial accounting. The growth in the market has been unprecedented. According to Gartner, the size of the cloud services market in India will be worth $4.1 billion by the end of 2020, from $1.3 Billion in 2016. A global survey by Logic Monitor states that about 83% of enterprise workloads will be on the cloud by the end of 2020. The case is not much different for Indian enterprises.

So, what is driving this cloud computing uptake?

It is the duality of increased efficiency and decreased costs. Rather than investing in capital expenditure (CapEx), corporates can leverage the power of computing via a hosted model. Also, the big cloud computing providers are continually investing in their infrastructure, the company does not have to bother about technological obsolescence. This is a win-win for any company, irrespective of its size and geography. To further enumerate, here are some of the benefits of cloud computing that help in increasing enterprise efficiency:

Operational expenditure: The company does not have to invest in CapEx, and neither does it have to invest in resources to run and maintain the infrastructure. This frees up capital which could be invested back in the business.

Security: Cloud providers - especially the big ones -- invest heavily into security because they are aware of the impact a breach can have on their reputation and the business.

Forecasting: The best thing about cloud computing is that you can scale up as your business grows. The company does not need to invest in infrastructure before-hand; they can keep building upon it as the business grows.

In case, as an organisation you are concerned about the privacy of data, and need to store it on-premise. There's the hybrid computing model that comes into play, which enables sensitive data to be stored locally. At the same time, non-sensitive can be shifted to the cloud.

And it isn't just about business; cloud computing is good for the planet as well. The big cloud computing companies like Google, etc., not only have the scale but also have an enormous amount of operational efficiency. Through the use of innovations like tailored chips, high-density storage, virtual-machine software, ultrafast networking and customised airflow systems big companies can increase computing output while decreasing their power usage. Take the case of Google, according to reports, the company's data centers on average generate seven times more computing power than they did just five years ago, using the same amount of electricity.

In the end, if you are interested in increasing the efficiency of your company, and decrease the cost as well, there's hardly any better alternative than cloud computing. And yes, while your workload is being processed on a server somewhere else, you also end up saving the planet. Not a bad side-effect, after all.

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Productivity boost with cloud computing - Forbes India

While the benefits of cloud computing have been well documented in recent years, volatile conditions currently experienced as a result of COVID-19 have further highlighted the flexibility inherent in the use of cloud infrastructure. Market reports estimate that the global impact of COVID-19 on cloud market size is expected to increase from USD 233 billion in 2019 to USD 295 billion by 2021[1]. Similarly, in a recent industry survey on cloud usage, more than 50% of participants indicated that their cloud usage will be higher than initially planned due to COVID-19[2]. It seems that now more than ever, the reality of remote work places, business continuity implementation, and collaboration efficiency has caused organizations to implement cloud computing as part of their IT infrastructure.In evaluating the risks and practicality of implementing cloud computing, private sector organizations operating in Canada should consider (i) applicable privacy laws, (ii) any existing contractual limitations, and (iii) industry specific regulations and/or guidance from regulatory bodies, if applicable.

Privacy considerationsGenerally speaking, the federal Personal Information Protection and Electronic Documents Act (PIPEDA) covers how businesses collect, use, and disclose personal information in the course of for-profit, commercial activities across Canada, except in provinces that have adopted substantially similar privacy legislation (namely Qubec, British Columbia, and Alberta).While PIPEDA does not contain provisions that explicitly regulate cloud services, and does not prohibit the processing of personal data by third parties, including processing across borders, it does establish rules governing the use of third parties in processing personal dataparticularly with respect to obtaining consent for the collection, use and disclosure of personal information, securing the data, and ensuring accountability for the information, and transparency in terms of its practices.Transferring organizations should consider what information will be stored in the cloud and why, further taking into account the sensitivity of the personal information and carefully assessing all the risks and implications involved in outsourcing personal data to the cloud. Similarly, organizations should consider potential data security issues when evaluating a cloud provider and negotiating contracts or reviewing terms of service. In implementing cloud infrastructure, the organization is still accountable for the information at the hands of its service provider, and as such, should use contractual or other means to provide a comparable level of protection while the information is being processed and stored by the third party.Organizations using cloud computing services should (i) limit access to the information and restrict further uses by the provider, (ii) ensure that the provider has in place appropriate authentication/access controls, (iii) manage encryption methods and determine if the encryption method is adequate, (iv) ensure that there are procedures in place in the event of a personal information breach or security incident, (v) ensure that there are procedures inplace in the event of an outage to ensure business continuity and prevent data loss, (vi) ensure periodic audits are performed, and (vii) ensure the termination procedures permit the transfer of personal information back to the organization and require that the cloud provider securely delete all personal information within reasonable and specified timeframes.To the extent that personal information is stored on servers outside of Canada, organizations should also ensure that data subjects are able to assess any risks associated with cross border transfers. Organizations need to make it plainto individuals that their information may be processed in a foreign country and that it may be accessible to law enforcement and national security authorities of that jurisdiction.Contractual considerationsAlso relevant are contractual obligations that may restrict or limit an organization's ability to use third party service providers. In considering moving to the cloud, organizations should review and consider its contractual obligations to ensure that confidentiality and data security provisions do not limit or prohibit the sharing of certain data with service providers. Some common contractual terms that may be relevant are the obligation to provide notice or obtain consent when onboarding new service providers, and/or the requirement to ensure that third party service providers maintain adequate levels of insurance coverage.Industry specific considerationsAlso potentially applicable within certain industries, are industry specific guidance documents established by regulatory bodies. As an example, the Office of the Superintendent of Financial Institutions ("OSFI") has published the B-10 Outsourcing of Business Activities, Functions and Processes guidelines, which set out OSFI's expectations for federally regulated entities, such as banks, that outsource to a service provider. While such guidance documents may not regulate the implementation of cloud computing specifically, they may capture outsourcing arrangements generally, and as such, should be considered by organizations, if applicable.

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Canada - Cloud Computing Forecast and Perspective: Sunny, with a chance of Growth - Lexology