Category Archives: Cloud Computing

While viable general-purpose quantum computing is still a way off, D-Wave Systems has just deployed its third cloud-based quantum annealing system and has updated its coding tools to tackle new categories of enterprise optimization problems.

Like its predecessors, D-Waves third Advantage system can be accessed via D-Waves own Leap quantum cloud or, beginning May 12, AWSs Amazon Braket service. The new machine is hosted at the University of Southern Californias Information Sciences Institute in Marina Del Rey, Calif.; the others are at D-Waves headquarters in Burnaby, British Columbia, and in Germanys Forschungszentrum Jlich supercomputing center.

D-Waves Advantage boasts over 5,000 qubits, seemingly putting it ahead of quantum rivals such as IBM, which announced plans earlier in the week to build a 4,000-qubit machine by 2025.

But not all qubits, which are a measure of a quantum computers processing capacity, are equal. D-Wave uses a technique called quantum annealing in its machines, whereas most other companies working on quantum computing including IBM, Quantinuum (a subsidiary of Honeywell), Rigetti Computing, and IonQ are using a quantum gate-based approach. (In October 2021, D-Wave said it had also started researching quantum gates, but the company doesnt have any gate-based products on the market yet.)

Quantum annealing can be used to improve certain kinds of optimization algorithms, but its not the general-purpose computing tool that gate-based quantum computers are intended to be.

Error-corrected gate-based systems will be capable of simultaneously working with larger quantities of data than quantum annealing systems, said Murray Thom, D-Waves vice president of product management. Thats going to be really important in applications like quantum chemistry simulation, or if youre working with differential equations, he said. Gate-based systems may also pose a threat to many of todays encryption algorithms, an eventuality that enterprises are beginning to prepare for.

On the other hand, quantum annealing works well for optimization problems where the goal is to find a maximum in a hilly landscape of solutions (or the minimum in a series of valleys) in the shortest time. Conventional computing might take a hill-climbing approach, repeatedly varying parameters to find a solution a little better than the current one, until it has found the local maximum but perhaps not the highest hill on the map. Quantum annealing offers a way to hop to another, perhaps higher, hill and climb to the top of that one instead, and derives its name from a classical computing technique called simulated annealing that takes a similar approach but uses random numbers rather than physical quantum phenomena to find higher hills to climb.

A white paper published by D-Wave in 2021 showed how a classical computing system and a hybrid quantum annealing system would ultimately converge on the same optimum result given enough time, but that the quantum annealing system would deliver a better result if time was limited.

Viable gate-based systems are a way off yet, while D-Waves quantum annealing systems are on the market and have already been used by companies wanting to test out their potential to speed up optimization. Thom pointed to Volkswagen, which has used D-Wave systems to look for ways to optimize the ordering of paint-shop jobs by scheduling to minimize changes of paint type.

To help CIOs put its Advantage computers to work on problems like that, D-Wave has developed a series of hybrid solvers for optimization problems that can break up calculations into chunks, using its quantum annealing systems to nudge classical computing systems toward better solutions then reporting back on the best one found in a given time.

D-Wave has now enhanced its cloud-based Constrained Quadratic Model (CQM) hybrid solver to find optimal solutions to problems involving continuous variables, where previously it could handle only integers and other discrete data types.

This will equip enterprises to experiment with, for example, calculating vehicle routes based on continuous quantities such as distance and wait time, or optimize loading of trucks to minimize the space between differently shaped cartons.

This is really going to allow CIOs to get some answers to important questions theyre considering in terms of Where in my organization is quantum computing going to really have its biggest impact? said D-Waves Thom.

What potential customers really need is a way to identify which problems are susceptible to being accelerated by quantum annealing systems, and which ones quantum annealing cant help with.

For now thats more of a manual process: D-Wave sends in a team of experts to examine the computing problems a company wants help accelerating, advise them on which ones to focus on, and help build a proof of concept.

Thats very attractive to CIOs who are looking at how to make their businesses more efficient, Thom said, adding that it can help them respond in the kind of market stresses that theyre seeing today.

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D-Wave puts a third quantum computer in the cloud - CIO

MILPITAS, Calif., May 12, 2022 MemVerge, the pioneers of Big Memory software, today announced that SeekGene, a biotechnology research firm focusing on single-cell technology, has significantly reduced processing time and cost for data intensive single-cell analysis tasks using MemVerge Memory Machine running on AliCloud i4p compute instances. As a result, SeekGene is seeing a five-fold increase in output per virtual machine (VM) in its analytical operations. In particular, the data loading and exporting performance of its single cell sequencing pipeline has improved by two orders of magnitude, and it has doubled the sample size of the dataset used in the analyses.

SeekGene is a biotechnology enterprise focusing on single-cell technology that supports clinical diagnosis and development of precision medicine. The medical biopharmaceutical organization owns an exclusive microporous chip and water-in-oil dual technology platform and performs independent research and development of high throughput single-cell products, experiments, and full-chain services for bioinformatics analysis.

SeekGenes SeekOne NGS single-cell library platform, the SeekGene Online automated online data analysis platform, and its proprietary droplet method and micropore method dual platform sequencing capabilities provide data analysis for international scientific researchers. The sequencing services are deployed on AliCloud. However, because analytical processes use expression data as high as hundreds of thousands of reads, sequencing analysis can fail on traditional VM instances due to insufficient memory. In addition, the export and loading process of temporary data on disk during sequencing tasks can also be extremely lengthy.

Using MemVerge Memory Machine Cloud Edition software running on AliCloud i4p VM instances, which feature Intel Optane persistent memory (PMem), SeekGene is now able to use large memory resources with no change to its code. This allows SeekGene to double its sample size and enables up to five times more concurrent processes to run. Further, with MemVerge Memory Machine Cloud Edition, SeekGene is able to improve data loading and exporting performance by two orders of magnitude by eliminating the I/O bottleneck that is caused by disk reads and writes. Specifically:

Using MemVerge Memory Machine, we are able to employ large memory resources in the cloud without refactoring our code, and eliminate the delay caused by storage I/O otherwise required in our pipelines, said Xingyong Ma, Co-founder and Chief Scientist of SeekGene. As a result, we are able to cut our analytical time and costs significantly while optimizing our single-cell sequencing capabilities for researchers worldwide to promote faster development of precision medicine.

The SeekGene use case is a typical example of how biotechnology researchers can revolutionize their computational analyses by leveraging Big Memory technology in the cloud, said Jonathan Jiang, Chief Operating Officer, MemVerge. These data intensive workloads can now be performed at record speeds and at dramatically lower cost. For the biotechnology industry, this can be a true gamechanger.

MemVerge Memory Machine enables applications to utilize 100% of available memory capacity across multiple memory types with no code refactoring required, while providing new operational capabilities to memory-centric workloads. MemVerge Memory Machine Cloud Edition extends these benefits to cloud workloads, delivering memory virtualization, in-memory fault-tolerance and mobility services that organizations can easily add to their cloud infrastructure. Stateful, non-fault-tolerant, and long-running apps can now realize the promise of cloud agility and flexibility. More information onMemory Machine Cloud Edition is available here.

About MemVerge

MemVerge is pioneering Big Memory Computing for a multi-cloud world. Major gaps exist in todays cloud infrastructure for data-intensive high-performance applications. MemVerge Memory Machine delivers software-defined, composable memory and intelligent memory service to bridge these gaps. As a software leader in the CXL ecosystem, MemVerge composable memory technology provisions, tiers, disaggregates, and pools heterogeneous memory to scale memory capacity and decrease memory cost. MemVerge ZeroIO in-memory snapshot services transparently checkpoint, clone, replicate, and restore running applications anytime, anywhere in a multi-cloud computing environment. Overall, Big Memory Computing technologies shorten time-to-results and are delivering unprecedented in-memory application availability and mobility for leading enterprises, research institutions and cloud service providers. MemVerge aims to democratize data-intensive compute for researchers, scientists, analysts and engineers around the world, and liberate all workloads to move in multi-cloud environments everywhere. To learn more about MemVerge, visit http://www.memverge.com.

Source: MemVerge

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Biotech Firm SeekGene Leverages MemVerge Memory Machine in the Cloud - HPCwire

SEATTLE--(BUSINESS WIRE)--The Cloud Security Alliance (CSA), the worlds leading organization dedicated to defining standards, certifications, and best practices to help ensure a secure cloud computing environment, today released a new paper, Healthcare Supply Chain Cybersecurity Risk Management. Drafted by the Health Information Management Working Group, the report provides best practices that healthcare delivery organizations (HDOs) can use to manage the cybersecurity risks associated with their supply chains.

HDOs face risks from many different types of supply chain vendors, everything from food suppliers, software providers, medical devices, pharmaceuticals, and day-to-day medical supplies. This complexity and extended interdependency dramatically increases the consequences of a cyber incident, ranging from the leakage of sensitive personal information to the disruption of the actual provision of the supply chain.

Healthcare delivery organizations spend billions of dollars across thousands of suppliers each year. However, research indicates that current approaches to assessing and managing vendor risks are failing. The move to the cloud and edge computing have expanded HDOs electronic perimeters, not only making it harder for them to secure their infrastructure but also making them more attractive targets for cyberattacks. Given the importance of the supply chain, its critical that HDOs identify, assess, and mitigate supply chain cyber risks to ensure their business resilience, said Dr. James Angle, the papers lead author and co-chair of the Health Information Management Working Group.

Cyberattacks are more costly than ever as HDOs and their suppliers remain high-value targets. Moreover, problems with current approaches to supply chain risk management are creating additional economic burdens as organizations are experiencing an increase in fines and investigations from the Department of Health and Human Services and the Office of Civil Rights.

Unfortunately, supply chain exploitation is not just a potential risk, it is a reality. An insecure supply chain can significantly impact an HDOs risk profile and security, not to mention its bottom line, said Michael Roza, risk, audit, control, and compliance professional, CSA Fellow and a contributor to the paper. Its incumbent on HDOs, therefore, to ensure that their supply chain partners comply with data management policies in order to keep their organizations and their users safe.

When addressing cyber risk and security within the supply chain, its recommended that HDOs:

To learn more about addressing cyber risk within the HDO supply chain, download Healthcare Supply Chain Cybersecurity Risk Management.

The CSA Health Information Management Working Group aims to provide a direct influence on how health information service providers deliver secure cloud solutions (services, transport, applications, and storage) to their clients, and to foster cloud awareness within all aspects of healthcare and related industries. Individuals interested in becoming involved in Health Information Management future research and initiatives are invited to join the working group.

About Cloud Security Alliance

The Cloud Security Alliance (CSA) is the worlds leading organization dedicated to defining and raising awareness of best practices to help ensure a secure cloud computing environment. CSA harnesses the subject matter expertise of industry practitioners, associations, governments, and its corporate and individual members to offer cloud security-specific research, education, training, certification, events, and products. CSA's activities, knowledge, and extensive network benefit the entire community impacted by the cloud from providers and customers to governments, entrepreneurs, and the assurance industry and provide a forum through which different parties can work together to create and maintain a trusted cloud ecosystem. For further information, visit us at http://www.cloudsecurityalliance.org, and follow us on Twitter @cloudsa.

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Cloud Security Alliance Issues Best Practices for Healthcare Delivery Organizations (HDO) to Mitigate Supply Chain Cyber Risks - Business Wire

2. Banks Must Improve Customer Experiences to Meet Expectations

Customers are now willing to share personal data with banks if financial firms can offer clear value in exchange. By and large, this value takes the form of highly personalized services that treat clients as valued assets.

As a result, its critical for banks to spend some of their burgeoning IT budgets on the tools and technologies required to improve the customer experience. From better mobile application design and delivery to the use of machine learning and robotic process automation solutions that help reduce corporate reliance on manually intensive tasks, banks can capture a dual benefit from this type of investment: Customers are happier and more likely to stay, while IT teams already grappling with staffing shortages can better focus on line-of-business objectives.

Sixty-one percent of banks now report that they are highly reliant on managed services and outsourcing to help bolster IT expertise. It makes sense: 52 percent of financial firms say theyre not effectively using the data they have, and 31 percent are concerned about their reliance on outdated technology.

To help address these issues, its smart for banks to double down on managed services spending. In practice, this means finding providers that have both technical and financial expertise. For example, the unique position of banks across compliance regulations such as the California Consumer Privacy Act, General Data Protection Regulation, Payment Card Industry Data Security Standard and others necessitates the use of managed services that offer cutting-edge technology backed by regulatory expertise.

EXPLORE: Learn more about the state of the cloud transition in financial services.

No matter what type of technology spending banks take on, effective security is paramount. Thats why it takes the and a half spot on our list its a critical addition to any technology adoption.

Theres no single way to secure key banking tools and technologies; instead, security must be baked into every IT approach that banks take, and budgets must always reflect at least some room for security.

When it comes to cloud computing, for example, banks are well served by spending on security tools that enhance end-to-end visibility. For customer-facing applications and services, solutions such as zero-trust access can reduce total risk, and for managed services,

Bank IT budgets are on the rise. To make the most of this new money, financial firms can invest in the cloud, customers, managed services and security to help lower risk and boost ROI.

This article is part ofBizTech'sEquITy blog series. Please join the discussion on Twitter by using the#FinanceTechhashtag.

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3 (and a Half) Things Worth Spending on as Banks' IT Budgets Climb - BizTech Magazine

New York, US, May 13, 2022 (GLOBE NEWSWIRE) -- Market Overview: According to a comprehensive research report by Market Research Future (MRFR), Edge Computing Market information by Technology, by Components, by Deployment, by Application and Region Forecast to 2030 market size to reach USD 168.59 billion, growing at a compound annual growth rate of 24.51% by 2030.

Market Scope: The primary target of the edge computing process is to get data processing and computing close to the source of data. With the rapid developments in the field, the global market has also been experiencing a surge in growth in the last few years. The edge computing process is widely being adopted across several industry sectors worldwide.

Competitive Analysis The global edge computing market has prominent players such as:

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Market USP Exclusively Encompassed:Market DriversThe global market or edge computing has registered a massive surge in the growth rate in the last few years. The major aspect causing an upsurge in the market's growth is the strong influence of the IoT in recent years. Furthermore, the growing use of cloud computing and storage solutions is another major aspect boosting the demand for edge technology across the global market. By processing and operating via edge computing, it is possible to boost the decision-making close to the data source. Moreover, the growth in customer demand and technological development is likely to offer lucrative opportunities to the players across the global market.

Market RestraintsOn the other hand, the factors such as the cost of the edge infrastructure and, limited storage & the computing capability of the edge nodes may impede the growth of the edge computing market.

Browse In-depth Market Research Report (150 Pages) on Edge Computing Market:https://www.marketresearchfuture.com/reports/edge-computing-market-3239

COVID-19 Impact

The global COVID-19 pandemic has had a severe impact on the majority of the market sectors across the globe. But the global health crisis had quite the opposite impact on the growth of the edge computing market. Several countries across the globe implemented partial or complete lockdowns in order to curb the spread of the disease. Considering the travel restrictions across several regions worldwide, all the process was done digitally. The situation has generated massive demand for the edge computing marketand raised the size of the edge computing market.

As there has been a rise in the use of the internet in recent times, several players have generated much software that enhanced the growth of the edge computing market. Some of the applications were even built to assist in the health care centers. The process enables everyone to speak out about their health problems, and the physicians will reach the patients by accessing the data from the software. Even during the peak of the pandemic across the globe, the process helped the health care workers recognize the coronavirus patients' data and treat them thoroughly. Because of the lockdowns and implementation of social distancing norms, the use of edge computing has been elevated at a noteworthy rate. Even by using AI edge computing, several nations across the globe, such as China, have deployed robots and drones across the health care sectors.

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Segmentation of Market Covered in the Research:The global market for edge computing has been fragmented into various segments based on enterprise size, components, end-users, and region.

The global market for edge computing is split into service, software, and hardware based on components. The software segment is further divided into on-premises and cloud. The service segment is again classified into managed services and professional services.

The global market for edge computing is divided into large enterprises and SMEs based on the enterprise size.

Based on end-users, the global edge computing market is bifurcated into hospitality, utilities, retail, government, manufacturing, transportation, education, energy, IT & telecommunication, semiconductor, BFSI, healthcare, and others.

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Regional AnalysisThe global edge computing market is studied across five major regions: North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa.

As per the MRFR analysis reports, the Asia-Pacific region will hold the top position in the global edge computing market over the assessment timeframe. The regional market's growth is primarily attributed to the increase in the population across the region. The regional market has experienced the rapid implementation of new technologies, which is likely to fuel the regional market's growth over the coming years. Furthermore, the gradual increase in IT spending by organizations across the region is another major aspect projected to propel the market's growth. The region is home to several major market players such as NTT Docomo, Vodafone, Optus, Telstra, China Telecom, Huawei, and others, which in turn is anticipated to influence the market's performance positively over the forecasted era. On the other hand, due to the lack of awareness among various small and medium-sized companies, the region has a low adoption rate of edge computing compared to Europe and North America.

The edge computing market for the North American region is likely to secure the second position across the globe over the forecasted era.

The European regional market for edge computing is projected to register a substantial growth rate over the forecasted timeframe.

APAC is a base for various global telecommunications and edge network companies, including Vodafone, which acts as a growth factor for the edge computing market.

Related Reports:Affective Computing Market Research Report By Type By Vertical, By Deployment, By Organization size, By Technology Forecast till 2027

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About Market Research Future:Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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Edge Computing Market Estimated to Hit USD 168.59 Billion at a Whopping 24.51% CAGR Between 2020- 2030 - Report by Market Research Future (MRFR) -...

Red Hat and Accenture have expanded their nearly 12 year strategic partnership to further power open hybrid cloud innovation for enterprises worldwide. The companies are jointly investing in the co-development of new solutions to help organizations more seamlessly navigate a multi- and hybrid cloud world, define their strategy, and accelerate their pace of innovation to get to value faster.

With the combination of Accenture Cloud First and Red Hat OpenShift, organizations are better equipped to embrace the cloud continuum a range of capabilities, from public to private to edge computing, all connected by modern networks and built with a zero-trust security mindset to accelerate enterprise reinvention. A hybrid solution brings the public cloud benefits of innovation, speed, consumption and scale with private cloud advantages of regulatory compliance, performance and data gravity.

To further help organizations migrate to hybrid cloud, Red Hat and Accenture are co-developing new solutions over the next year with an initial focus on the following four areas:

Open hybrid cloud application and mainframe modernization With the boundaries for public and private cloud blurring and no one-size-fits-all solution, Accenture and Red Hat are helping clients develop a holistic cloud strategy that embraces hybrid to enable greater operational efficiency and drive innovation based on Red Hat OpenShift.

Automation As organizations continue to modernize, they need consistent, resilient and standardized solutions for managing their cloud estate. Accenture and Red Hat are developing solutions that automate and orchestrate workloads across the IT infrastructure to reduce risk and lower costs of technology operations. This includes the development of Accenture solutions on Red Hat Enterprise Linux and Red Hat Ansible Automation Platform to deliver stable, automated cloud computing capabilities. As a result, the companies helped one client achieve a 99% reduction in downtime for rolling upgrades, a 100% reduction in downtime for operating system patching, and 50% faster development time through infrastructure as code.

Edge Computing The scale and complexity of data created by connected devices are continuously pushing the limits of network and infrastructure capabilities. New solutions under development by Red Hat and Accenture are focused on analyzing and processing data where it is generated to improve the customer experience and reduce latency. With Red Hat OpenShift and Red Hat Ansible Automation Platform, applications can be deployed and automated at the edge, reducing dependency on a physical footprint.

Sovereign Cloud Organizations are navigating an intricate patchwork of technology solutions while aligning with new, emerging industry standards and compliance requirements in various countries and sectors. Accenture and Red Hat are jointly committed to helping clients control the location, access to and processing of their data in the cloud through open source technologies and services.

Red Hat and Accenture have worked together to deliver transformative outcomes for hundreds of organizations across industries. For example, Finanz Informatik, an innovative IT partner for the financial sector, worked with Red Hat and Accenture to implement an ambitious next-level multi-channel architecture for its core banking applications. Using Red Hat OpenShift and Red Hat Ansible Automation Platform, with strategic support from Accenture, Finanz Informatik modernized its IT infrastructure to significantly improve business agility and more quickly respond to evolving customer needs.

Unlocking the rich value and capabilities of hybrid cloud requires deep collaboration across an ecosystem of IT vendors. A recent IDC white paper sponsored by Red Hat revealedthat organizations can accelerate application migration projects by 47% and achieve a three-year return on investment of 523% when implementing Red Hat OpenShift with a Red Hat accredited global systems integrator such as Accenture1. With this expanded partnership, Red Hat and Accenture bring together robust partner ecosystems, equipped with deep technical expertise to support customers across any cloud and any industry, in order to support multi-partner engagements and deliver tailored cloud solutions.

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Red Hat collaborates with Accenture to accelerate hybrid cloud innovation - Express Computer

Comprehensive analysis of the Cloud Computing Optical Component Market is essential and important for the players aspiring to reach new heights in the global Cloud Computing Optical Component market landscape and this report provides them with exactly the same expertise that is necessary to grow. The report details and evaluates various market dynamics and analyzes their effects and influences on the global Cloud Computing Optical Component industry landscape.

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Key Market Players mentioned in this report:NXP SemiconductorInternational Business Machines CorporationInfinera CorporationMicrosoft CorporationZTEQorvoCisco Systems Inc.Koch Industries (Oplink Communications)Verizon Communications Inc

The report analyzes factors such as sales, revenue, market size, affiliation and acquisitions, risks, demands, etc. in order to highlight the key pointers and give the client an inside look of the Cloud Computing Optical Component market. The Cloud Computing Optical Component market research study is equipped with a well-predicted account for the clients to plan strategies that cover a long term period and grow sustainably.

The Cloud Computing Optical Component report highlights the Types as follows:Optical SensorsOptical TransceiversOptical AmplifiersOptical Network Terminals

The Cloud Computing Optical Component report highlights the Applications as follows:Logistics and WarehousingMilitaryHealthcareEntertainment

The Cloud Computing Optical Component report highlights the Regions as follows:North AmericaEuropeAsia-PacificSouth AmericaThe Middle East and Africa

Competitive Landscape:

Current players, as well as new players, will get a solution to all the major Cloud Computing Optical Component market issues and the report will assist them to navigate the market landscape efficiently. The Cloud Computing Optical Component market research integrates venture examination and pattern exploration and analysis of demanding situations inside the marketplace. The report cites numerous segments of the Cloud Computing Optical Component market and details the segments in order to give the client an expertise-based advantage over the competitive landscape.

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Reasons for Buying Cloud Computing Optical Component market

Table of Contents

Global Cloud Computing Optical Component Market Size, status and Forecast 2030

1 Market summary2 Manufacturers Profile3 Global Cloud Computing Optical Component Sales, Overall Revenue, Market Share and Competition by Manufacturer4 Global Cloud Computing Optical Component market analysis by innumerable Regions5 North America Cloud Computing Optical Component by Countries6 Europe Cloud Computing Optical Component by Countries7 Asia-Pacific Cloud Computing Optical Component by Countries8 South America Cloud Computing Optical Component by Countries9 Middle east and Africas Cloud Computing Optical Component by Countries10 Global Cloud Computing Optical Component Market phase by varieties11 Global Cloud Computing Optical Component Market phase by Applications12 Cloud Computing Optical Component Market Forecast13 Sales Channel, Distributors, Traders and Dealers14 Analysis Findings and Conclusion15 Appendix

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Cloud Computing Optical Component Market Huge Demand in COVID-19: Regional Outlook, Trends, Key Companies Profile, CAGR and Forecast to 2030 SMU...

Eight Key Cloud Computing Figures And Survey Results

Enterprises and SMBs are flocking to the cloud in 2022 for a variety of reasons, with no slowdown in sight. This is despite businesses reporting being overbudget for cloud spending by 13 percent on average, according to Flexeras new 2022 State Of The Cloud report.

Although organizations are spending more on the cloud than they budgeted, businesses are expecting to spend nearly 30 percent more in the cloud in 2022 compared with 2021.

The top cloud challenges for businesses in todays market is managing cloud spending, cybersecurity, and a lack of resources and expertise.

These are just a few of the results from Flexeras new cloud report that surveyed over 750 cloud decision-makers with most respondents in director, manager, architect and executive roles.

Flexeras new report sheds light on just how important cloud adoption and transformation are for most organizations as well as the biggest public, private and multi-cloud trends in the market today.

To maintain their pace of digital transformation, organizations must have the cloud play a significant role in their strategy, said Brian Adler, senior director of cloud market strategy at Flexera, in the report. The cloud helps enterprises scale, be more agile, increase revenue and achieve business goals. Weve seen that cloud adoption has been expanding for the past few years, with a great acceleration by the pandemic. However, in the post-pandemic world that were shaping, were seeing new trends coming into focus.

Given its central role in the future enterprise, research firm IDC forecasts total worldwide spending on cloud services, the hardware and software components underpinning the cloud supply chain, and the cloud services opportunities to surpass $1.3 trillion by 2025, with a compound annual growth rate of 16.9 percent.

[Related: AMD-Pensando Buy: From AWS Rivalry To Cisco, HPE Links5 Things To Know]

Flexeras 2022 State Of The Cloud report surveyed a panel of 753 technical and business professionals from around the world, with a focus in the U.S. and spanning a broad cross-section of organizations, who shared insight into their adoption of cloud infrastructure and services. Most respondents are cloud decision-makers and users from organizations ranging from 100 employees to more than 10,000 employees.

CRN breaks down eight of the biggest cloud trends based on data and figures from the 753 cloud decision-makers surveyed in Flexeras new report.

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8 Cloud Computing Trends In 2022: Overspending, Security And Workloads - CRN

IT costs are complex and difficult to figure out. First consider traditional IT, better known as on-premises. On one hand you have the cost of the hardware, the software, and the data center space. We all know thats just the beginning. There are operating and administrative costs, including the cost of the many humans needed to keep your infrastructure running. Also factor in the cost of setting up disaster recovery systems, power and networking costs.

In contrast, cloud computing costs can be easier to figure out because they are mostly fully loaded. That is, cloud invoices include all the costs listed above and you pay only for usage fees. Cloud providers charge service fees based upon the minutes you use or the resources you leverage such as storage, compute, and networking.

When its time to compare costs, cloud computing and traditional computing are like apples and oranges. As cloud computing became a more viable solution for many enterprises over the last 12-15 years, we improved our ability to provide accurate cost metrics to evaluate the true cost of each option and make better decisions about which type of computing to use.

Many now believe that traditional on-premises IT resources such as storage and compute servers, power supplies, networking equipment come in a distant second to public cloud computing services. However, in certain cases, there are still valid reasons to use traditional IT resources, and many of those reasons relate to costs.

Keep in mind, you must be creative and thorough to consider the true value of each. While cloud computing might initially appear more expensive, the business values of agility, speed, and increased innovation may boost the true value of cloud over and above traditional on-premises solutions.

Also see: Top Cloud Companies

Cloud computing is not always cheaper than traditional on-premises systems. The it depends answer that consultants often give reveals the complex reality of cloud costs versus traditional hardware and software for specific enterprises with specific goals.

Further confounding the issue is that prices for traditional IT resources such as hard disk drives (HDDs) fell over the last 10 years, with prices for solid state drives (SSDs) close behind. Most experts expect SSD prices to be lower than HDDs in the very near future. At the same time, cloud storage prices did not drop by the same degree, and some providers storage prices may even creep up.

But again, you cant do a straight comparison of cloud costs versus traditional IT resources for items such as storage and compute. As we mentioned above, there are many hidden costs that are part of traditional hardware and software ownership.

Whats more, you must consider the soft values of cloud. Soft cost business values are much more difficult to calculate. Soft values include clouds ability to make it easier for the business to innovate with quick access to higher tech solutions such as AI, containers, advanced data analytics, and other emerging technologies that would be too expensive and too slow to deploy if they were provisioned using traditional hardware and software.

What takes five minutes to do in the cloud could take a month or more if you follow the normal enterprise procurement cycles. Whats more, the traditional route could cost as much as 1,000 times the cloud capital costs needed to invest in physical servers and software. Remember, the initial value of cloud computing is its ability to save on capital expenses (CapEx) by moving that money to operational expenses (OpEx).

Also see: Why Cloud Means Cloud Native

With all that said, this is still an important question: Is cloud computing worth the cost?

Again, the truthful answer to this question is the good old, it depends. The multidimensional answer really depends upon your business, your industry, and how you expect to leverage technology now and into the future.

For example, lets say youre a small tire manufacturer in Ohio. You dont plan to expand the business anytime soon, only light innovation will occur in your business, and the business is very cost and margin sensitive. Cloud computing may not provide enough ROI benefits in this case. Factor in the cost of migrating to the cloud and the risks youll have to endure if there is no real benefit from the soft values of innovation, agility, and speed to deployment, then this business probably wont see the value of cloud computing.

On the other hand, if youre a brand-new tire manufacturer with no sunk costs in a data center and a new vision for disrupting the tire market, cloud will almost always be the best answer.

Looking at the vertical market aspect, a high-tech company in Silicon Valley will typically put a much higher value on innovation to build new products and services. Speed to deployment to support market efforts are normally on the critical path of enterprises in that industry. Agility also plays a role, which allows a company to change directions as the market changes around them. For companies in this market space, the cost of cloud computing could be 100 times that of traditional on premises computing, and it would still be worth it.

There is one more elephant in the room. As R&D spending by vendors shifted to cloud computing over the last 10 years, so did innovation. Today the best-of-breed technologies (including security, databases, analytics, and AI) typically exist only in the cloud.

Even enterprises that do not see the ROI value of a move to the cloud (such as our tire company example above) may find they have little choice as vendors begin to sundown their traditional on-premises systems and software. Many call this the forced march to the cloud as vendor R&D resources shift to build more in-demand products and services for the cloud. Weve dealt with these natural forces in the market many times in IT over the years. Recall the shift from mainframes to PCs, client/server, SOA, and other trends that took over vendor R&D spending in the past, and thus forced enterprise IT to follow the spending.

The reality is that most cloud computing is worth the cost. Cloud capabilities such as agility and innovation bring many positive benefits to businesses that can exploit them for growth. Even when cloud values are not as obvious, the market forces will continue to push many to the cloud, no matter if they can define the value for themselves, or not.

Eventually, non-cloud on-premises systems will go the way of 8-tracks and VCRs, partly due to new advances in cloud capabilities, mostly due to the lack of sales and support options. Technology constantly changes and the old eventually makes way for the new. Its a good time to look up at the long-term path and plan for the transition.

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Is Cloud Computing Worth the Cost? | eWEEK - eWeek

Research and Markets has released its Global Cloud Computing Services Market Report 2022, predicting cloud computing revenue will hit $519 billion by 2027.

Cloud computing has been gaining steam for years, but the global pandemic sent cloud adoption into overdrive. Companies large and small have been migrating to the cloud, utilizing a combination of private, public, hybrid, and mutlicloud options.

According to Research and Markets latest report, the industrys revenue is expected to hit $519 billion by 2027, growing at a compound annual growth rate (CAGR) of 23.7%. The firm attributes that growth to the transformative effect of the cloud:

Cloud is an enabler of business process change as it facilitates key benefits including expenditure reduction (CapEx and OpEx), service development and delivery efficiencies, and greater flexibility to meet evolving business needs. Cloud technologies and solutions are becoming increasingly more important to communication service providers, enterprise, content and commerce providers. This is particularly the case as many IT departments predominantly implement virtualization of network functions and softwaritization of applications and operational support systems through the use of software-defined network solutions.

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Cloud Computing Revenue Poised to Hit $519 Billion by 2017 - WebProNews