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Category Archives: Cloud Computing
CIOs see cloud computing as the bedrock of digital transformation – Express Computer
Posted: December 26, 2020 at 1:01 am
In a power packed AWS CXO panel that saw participation of Sourabh Chatterjee, President and Head IT, Bajaj Allianz General Insurance Co, Balkrishna Singhania, EVP and Head Digital, HDFC Life and Manish Verma, CTO, SonyLiv agreed on a common view that cloud computing is the most important technology for their digital transformations during the past five years.
The session was chaired by Puneet Chandok, President Commercial Business, Amazon Internet Services Private Limited, AWS India and South Asia.
In his opening remark Chatterjee of Bajaj Allianz said, At Bajaj Allianz we decided to move our core policy admin platform to a public cloud, and this is easier said than done, because we needed top-down commitment and other approvals, and we were fortunate to have that. So for us, agility and future-readiness was the primary driver of digital transformation. From a pure tech standpoint, besides the infra and provisioning, more importantly, we had clearly defined the business outcomes for each of the areas of transformation. I think the thing that worked for us and were just still working on, is a variable cost model, and the Covid pandemic times proved that fixed infra and high capex is not needed.
Sharing SonyLivs story of digital transformation, Verma said, We started our transformation journey sometime in December last year, and we put an aggressive target for ourselves to relaunch our application with the revised product and content positioning in the next four-five months. So you can imagine what it takes to launch 20 different applications across 20 different platforms. And we also had content in different types GEC audience content is more organic, as compared to sports and live sports content with cricket and football, where we see spikes in traffic, and having a reliable tech backend and cloud infrastructure hence becomes important. To address these different types of traffic pattern and consumer behaviour, we had to use a reliable tech platform and ensure we were able to offer a seamless consumer experience across 20 different platforms. Since we launched, we have seen a 5x increase in subscription traffic and a 70-80 per cent increase in the traffic for content consumption.
Highlighting the cloud journey of HDFC Life, Balkrishna Singhania stated, We setup a separate team that focused on developing applications solely on the cloud. At some part earlier this year, as a part of our migration of our infrastructure. We did a lift and shift of our core applications from on premise machines to the cloud, with the whole idea that if we wanted to be cloud-native and digital-native, we couldnt afford to build patch-up systems where some part of it is on the cloud, and some cloud system is talking to on premise machines for data, and so on. Insurance is more B2B2C business than a B2C business. Enabling our partners was important having our API installed in our partners systems, to enable them to query our systems for a particular customer, could become seamless with the cloud.
The CIOs also shared their challenges and experiences during the pandemic. Responding to the big business focus area that tech and cloud will enable or drive in 2021, Chatterjee shared, For us, its very clear the data and analytics piece, and all the modeling that we are doing around fraud, retention propensity, the entire claims experience, I think, across the value chain, anything that is data and insights. And I will be careful in using the term analytics, because in a lot of areas we use analysis and we incorrectly call it analytics, but the idea is, cloud will enable the entire data and insights as a capability within the organisation. This is something big for us and will be driven by the cloud.
For SonyLiv, the focus is on harnessing the use of data. We as an organisation, are digital and are using data in each and every decision that we make, whether it is on the infrastructure side, content programming, content production, churn analysis, retention everywhere. I think it is all about data and democratisation of the data. We are working big time on introducing some of the prediction models, machine learning models, which can help us to retain users. So, I think data is going to play a critical role. The other area which I feel we as a business, is on the OTT side. As we have seen that especially cricket in India, each match is a new benchmark, Verma highlighted.
Lastly, Singhania of HDFC Life mentioned, Focus on making our applications intelligent is the next big thing, so data and analytics definitely comes there. And as a company where you have multiple touch points with customers, being able to take all the pieces of information and what customers need, where they need it, how they need it, and being able to give them in a nice and intelligent fashion, is the key according to me. When you add to technology a recommendation engine, propensity models, etc., you can make the systems intelligent. Making a lot of our systems intelligent is the key for us.
Sharing some of the best practices for the Indian counterparts of BFSI sector, Chandok highlighted, AWS work globally, and were the worlds largest and most broadly adopted cloud platform, including in financial services. And globally, weve got Capital One, Intuit, HSBC, Barclays many large organizations building and scaling upon the cloud. And theres a real network effect to this. And thats the beauty of a cloud platform like AWS, where some of the largest organisations, not just enterprises, but even startups, small and medium businesses, government organizations are building on it and everything they build, you are able to democratize that and bring that to all your customers. The best practices very quickly get democratized, and we learn from each other.
He also reiterated that, India is leading from the front on this right. And you can see this in this conversation, two of the largest insurance in the country, are thinking big and bold and moving fast onto the cloud and leveraging it. And not just in financial services, virtually every vertical business segment today is being reinvented by the cloud, due to its cost effective, functionalities.
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CIOs see cloud computing as the bedrock of digital transformation - Express Computer
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Cloud Computing in Automotive Market 2020 Trending Innovation, New Technology, Growing Opportunities, Major Players, Industry Outlook And Regional…
Posted: at 1:01 am
Global Cloud Computing in Automotive market In-Depth Research Report, added by Adroit Market Research in its huge repository, offers a brilliant, comprehensive research study of the market. The report includes a thorough study of key market dynamics, including growth drivers, restraints, and opportunities. It focuses mainly on current and historical market scenarios. It understands market competition, segmentation, geographic expansion, regional growth, market size, and other factors. The Cloud Computing in Automotive research study will certainly benefit investors, market players, and other market participants. They will get a sound understanding of the worldwide market and the industry.
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Cloud Computing in Automotive Market Report Includes: Market Scenario Growth, Restraints, Trends, and Opportunities Segments by Value and Volume Supply and Demand Status Competitive Analysis Technological Innovations Value Chain and Investment Analysis
This is a latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future assessment of the impact is covered in the report. The report discusses all major market aspects with expert opinion on current market status along with historic data. This market report is a detailed study on the growth, investment opportunities, market statistics, growing competition analysis, major key players, industry facts, important figures, sales, prices, revenues, gross margins, market shares, business strategies, top regions, demand, and developments.
Top Leading Key Players are:
Amazon Web Services, Microsoft Azure, and Google Cloud Platform
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The Report Provides: An overview of the market Comprehensive analysis of the market Analyses of recent developments in the market Events in the market scenario in past few years Emerging market segments and regional markets Segmentations up to the second and/or third level Historical, current, and estimated market size in terms of value and volume Competitive analysis, with company overview, products, revenue, and strategies. Impartial assessment of the market Strategic recommendations to help companies increase their market presence
The study analyzes numerous factors that are influencing the Cloud Computing in Automotive market from supply and demand side and further evaluates market dynamics that are impelling the market growth over the prediction period. In addition to this, the Cloud Computing in Automotive market report provides inclusive analysis of the SWOT and PEST tools for all the major regions such as North America, Europe, Asia Pacific, and the Middle East and Africa. The report offers regional expansion of the industry with their product analysis, market share, and brand specifications. Furthermore, the Cloud Computing in Automotive market study offers an extensive analysis of the political, economic, and technological factors impelling the growth of the market across these economies.
The report entitled Cloud Computing in Automotive market also gives a detailed idea of various technologies used by the manufacturers and industry experts to enhance the technological intervention in this market. An in-depth study in terms of production, market revenue share and price is also a major factor of focus in this report. The company profile section also focusses on companies planning expansions. This can be very well studies through regional segmentation as all the key market players play an important role in uplifting the region they operate in. Furthermore, the report also gives the factors that might hamper the market growth over the forecast period. The detailed report on Cloud Computing in Automotive market gives its readers a summary of the market movements and helps them to analyze all the other factors that can affect the market.
Some Point of Table of Content:1. Study Coverage2. Executive Summary3. Cloud Computing in Automotive Market Size by Manufacturers4. Production by Regions5. Consumption by Regions6. Cloud Computing in Automotive Market Size by Type7. Cloud Computing in Automotive Market Size by Application8. Manufacturers Profiles9. Production Forecasts10. Consumption Forecast11. Upstream, Industry Chain and Downstream Customers Analysis12. Opportunities and Challenges, Threat and Affecting Factors13. Key Findings14. Appendix
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The Cloudification of Everything – CNBCTV18
Posted: at 1:01 am
Cloud computing as a technology has been around for quite a few decades. The first instance of the term being used can be found in a Compaq internal document back in 1996. But, it is at the turn of the century (or the millennium, actually) that the technology moved beyond the realm of academic discussion to into real-life application. With the phenomenal growth of the Internet, cloud computing has gained much traction. From users storing their data on third-party applications like Gmail or Facebook to enterprises converting their business functions into managed services like finance or HR, the cloud is now the foundation on which our data-enabled society runs. In the past few years, just as cloud computing became ubiquitous, terms like SaaS (Software-as-a-Service), PaaS (Platform-as-a-Service), and IaaS (Infrastructure-as-a-Service) have become mainstream.
One can gauge the rise of cloud computing from the fact that global spending on cloud computing is expected to grow from an estimated $371.4 billion in 2020 to $832.1 billion by 2025. A recent report published by IDG states that the average cloud spending by the enterprise segment is up 59% from 2018 to $73.8M in 2020. Even the COVID-19 pandemic that had a pervasive negative impact on all sectors could not arrest the growth of cloud computing. On the contrary, the worldwide public cloud services market is forecast to grow by 6.3% in 2020 to a total of $257.9 billion.
As the world hunkered down under the impact of the pandemic, cloud computing transformed into a saviour. Communication and collaborative tools like Microsoft Teams, Zoom, Google Meet and Amazon Chime helped businesses and individuals stay connected during the lockdown and continue working from home. Digital education became a boon, as students were unable to attend school. Restaurants turned to food delivery apps like Zomato or Swiggy to explore new business avenues like home delivery. Patients were able to consult doctors online. People availed numerous government services at the click of a mouse. All this has been possible thanks to the power of cloud computing and more importantly, because of the pervasive cloudification of everything.
To understand the factors driving cloudification and how it is changing the enterprise space, CNBC-TV18 and Intel dedicated a complete episode titled 'Everything Cloudified', under the aegis of the tech-centric series "Future-Proof Your Business". The episode charts the rise of cloud computing by featuring India's premier cloud service provider NTT-Netmagic. In the episode, Sharad Sanghi, Leader-Designate, NTT India, reflects on the power of cloud computing and its relevance in the Indian enterprise space. He talks about how the current capacity for cloud computing in India stands around 375 megawatts and will grow to 1000 megawatts in the next five years. The reason he attributes for the rise of cloud computing is the cost-factor, elasticity of use and scalability. Sanghi also threw light upon the partnership with Intel and how technologies like DC Persistent Memory (DCPMM) has aided in providing faster and better services to enterprise users. "Intel offers next generation of storage and memory solutions that allows us to address the very needs of data management solutions for our clients worldwide," he stated.
Prakash Mallya, VP & MD, Sales Marketing & Communications Group, Intel India, touched upon how cloud computing had helped companies deal with the lockdowns due to the COVID-19 epidemic. The most significant trend in the days to come is the emergence of 'Everything as a Service', stated Mallya. Another exciting trend will be how cloud computing will leverage the power of other technologies like artificial intelligence (AI) or edge computing. "Latency is a crucial aspect for businesses. So, compute will move where the data is. Therefore edge computing will be evolving very rapidly; we see this as a significant opportunity. The industry sees this as a significant opportunity. We will see the emergence of new business models which are very unique, very tech-savvy and have a transformational impact in the country," he stated.
Meanwhile, Som Satsangi, Managing Director, Hewlett Packard Enterprise (HPE), India, spoke about the emergence of a new mobile workforce that is leveraging the power of the cloud. He also talked about how companies were able to function even during the lockdown with cloud computing. "HPE has announced almost $2 billion in financing new programs to help customers cope up with COVID-19 crisis," he said.
In the end, the adoption of cloud computing in the Indian enterprise space has been accelerated by the COVID-19 crisis. According to IDC's COVID-19 Impact on IT Spending Survey, 64% companies in India are expected to witness an increase in demand for cloud computing. At the same time, almost 56% of them will embrace the cloud as the new normal. Little wonder then, cloud computing is now the engine for digital transformation for Indian enterprises.
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TeamSupport Named Finalist in 2020-21 Cloud Awards – PRNewswire
Posted: at 1:01 am
TeamSupport employs cloud technologies to deliver outstanding results for its B2B customers and is a deserving finalist.
"Every member of our team strives to develop innovative solutions to help companies build strong and lasting relationships with their customers, and to support our customers with meaningful interactions each and every day," said Pete Khanna, CEO, TeamSupport. "To be recognized as a finalist is not only an honor, but clear recognition of the innovation and excellence we strive to achieve using leading cloud technologies."
Melissa Hendrick, Chief Marketing Officer, TeamSupport, agrees. "We are all proud to stand by our software solution. But more important to us is providing a customer-first client experience, a cross-collaborative and holistic view of the customer, really understanding their needs, and reducing the time it takes to resolve their issues."
Head of Operations for the Cloud Awards, James Williams, said: "TeamSupport employs cloud technologies to deliver outstanding results for its B2B customers and is a deserving finalist in the 2020-21 Cloud Awards program."
"This year has been one unlike any other, posing uniquely non-trivial challenges across every sector of industry. As we have seen across so many of this year's awards entries, the cloud has been pivotal in increasing organizational efficiency to meet demands both anticipated and unforeseen.
"From call centers to online shopping carts, cloud technologies have been the grease that keeps the global wheel of industry turning. They have been at the center of considerable behavioral change and new, innovative ways of working."
Hundreds of organizations entered, with entries coming from across the globe, covering the Americas, Australia, Europe and the Middle East. View the full shortlist here: https://www.cloud-awards.com/2020-shortlist/.
Final winners will be announced on Thursday 28 January 2021.
About TeamSupport
TeamSupport is a post-sale award-winning customer support software provider built specifically for the unique needs of B2B (business-to-business) technology-enabled companies within the computer software, hardware, information technology services, and telecom industries. Created by B2B customer support industry experts, TeamSupport has spent the past decade creating a support solution that helps build passionate customer bases for its clients. TeamSupport stands alone as the leading support solution that helps solve for sophisticated client needs and fuels successful client interactions.
The TeamSupport suite of solutions includes TeamInsights, a customizable reporting and analytics dashboard.
TeamSupport is headquartered in Dallas, Texas. Learn more at TeamSupport.com.
About the Cloud Awards
The Cloud Awards is an international program which recognizes and honors industry leaders, innovators and organizational transformation in cloud computing. The awards are open to large, small, established and start-up organizations from across the entire globe, with an aim to find and celebrate the pioneers who will shape the future of the Cloud as we move into 2021 and beyond. The Cloud Awards currently offers two awards programs, the Cloud Computing Awards and the Software-as-a-Service Awards.
Finalists were selected by a judging panel of international industry experts. For more information about the Cloud Awards, visit https://www.cloud-awards.com/.
SOURCE TeamSupport, LLC.
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TeamSupport Named Finalist in 2020-21 Cloud Awards - PRNewswire
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4 Cloud Stocks That Will Continue to Fly High in 2021 – Yahoo Finance
Posted: at 1:01 am
Cloud-based solution-providing companies are making the most of the battle against the pandemic, wherein mass gatherings are strictly restricted and people are being increasingly asked to work from home.
The shelter-in-place orders have fueled demand for remote project collaborations, video conferencing, online classes, data storage, gaming, and e-commerce shopping. Such services are easily available with the help of cloud computing technology.
Moreover, big data has become one of the biggest assets for the healthcare industry. Storing and managing an enormous amount of data are of utmost importance, and cloud computing firms are emerging as key players in this regard.
Additionally, growing usage of cloud-based services is aggravating security lapses, inducing risks of hacking and phishing mails in the garb of coronavirus as the subject content. Also, usage of own devices and equipment that are not properly configured or can be infected with malware during teleworking or accessing information to and fro from cloud raises possibilities of security breaches for enterprises. This is driving demand for cloud-based security service solutions.
With demand for cloud-based solutions growing, enterprises are turning to software companies for providing the digital infrastructure they need to keep up with the online world.
Considering the healthy growth prospects of cloud-focused tech companies, it makes sense to invest in this space for long-term gains.
Lets, thus, take a closer look at some of the notable cloud stocks that not only benefitted from this growing reliance on technology in 2020 but are also poised to keep gaining next year.
The Trade Desk, Inc. TTD is a provider of technology platform for advertising. The company is benefiting from the momentum in programmatic ad buying. In addition, the emergence of digital content boosted the usage of this companys inventory across all forms of ConnectedTV (CTV). Moreover, recovering ad demand and spending scenario is anticipated to fuel the top line.
Story continues
Markedly, digital ad spending surpassed traditional media buying last year. Additionally, citing reports of eMarketer, WNIP revealed that the digital ad market is estimated to reach $225 billion by 2024 in the United States alone, up from this years nearly $150 billion. This gives The Trade Desk plenty of room to expand, and marketers need to reach consumers beyond Google and Facebook.
The digital advertising company currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of todays Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for 2020 earnings is pegged at $4.99 per share, having been revised 58.4% upward in 60 days time. For 2021, the consensus mark for earnings has moved 25.4% north to $4.98 per share over the same time frame. The companys shares have been up a whopping 255.7% year to date, outperforming the Zacks Internet Services industrys growth of 33.5%.
YTD Price Performance: TTD
Dropbox DBX is riding on growing demand for its cloud-based team collaboration tools through which users can share files, photos, videos, songs and spreadsheets. This Zacks Rank #2 (Buy) companys strong focus on product innovation and introduction of solutions like updated Dropbox Spaces, HelloSign, Passwords, Vault and Computer Backup are anticipated to expand its user base.
Solid demand for cloud storage, triggered by the coronavirus-led work-from-home wave, has been acting as a tailwind for the company. Further, integration with leading applications like Zoom, Slack and Atlassian will likely expand the Dropbox paying user base.
Additionally, Dropboxs innovative Virtual First initiative, under which its employees will work from home majority of the time and will meet once in a while for team collaboration, is expected to lower cost. The companys plan to shift to hiring in low-cost regions is likely to boost profitability.
The Zacks Consensus Estimate for 2020 earnings stands at 88 cents per share, up 14.3% in the past 60 days. The consensus mark for its 2021 earnings is pegged at $1 per share, having been revised 9.9% upward over the same time frame. The stock has spiked 37.4% in the year-to-date period, outperforming the Internet Services industrys rise of 33.5%.
YTD Price Performance: DBX
Zscaler ZS is one of the worlds leading providers of cloud-based security solutions. The company is riding on heightening demand for cyber-security solutions owing to the slew of data breaches. Increasing demand for privileged access security on digital transformation and cloud-migration strategies is a key growth driver.
Apart from this, the companys Edge cloud for policy enforcement, multi-tenancy, proxy for SSL or TLS inspection and zero trust network access are positioned robustly to gain adoption amid the thriving remote-work culture.
This Zacks Rank #2 companys portfolio strength boosts its competitive edge and helps add users. Furthermore, a strong presence across verticals, such as banking, insurance, healthcare, public sector, pharmaceuticals, telecommunications services and education, is another key catalyst.
The Zacks Consensus Estimate for fiscal 2021 earnings is pegged at 37 cents per share, having been revised 27.6% upward in 30 days time. For fiscal 2022, the consensus mark for earnings has moved 9.6% north to 57 cents per share over the same time frame. Shares of Zscaler have soared 346.2%, outperforming the Zacks Internet Services industrys return of 33.5% in the year so far.
YTD Price Performance: ZS
Pinterest PINS provides a platform to show its users (called Pinners) visual recommendations (called Pins) based on their personal taste and interests. Users then save and organize these recommendations into collections (called Boards).
The social media provider is benefiting from user base expansion boosted by coronavirus-led lockdown. Availability of features like Today and Shop tab for Pinners has been the key catalysts. Moreover, enhanced product offerings, wider Pinner and advertiser base, and simplified ad systems through Verified Merchant Program and Pinterest Partners Program for small businesses are diving growth.
The stock has a Zacks Rank #2, at present. The Zacks Consensus Estimate for its 2020 bottom line is pegged at 31 cents per share, up a whopping 244.4% in the past 60 days. For fiscal 2021, the consensus mark for earnings has doubled to 42 cents per share from 26 cents over the same time frame. The companys shares have been up a whopping 291.6% year to date, outperforming the Zacks Internet Software industrys surge of 122%.
YTD Price Performance: PINS
In addition to the stocks discussed above, would you like to know about our 10 top tickers for the entirety of 2021?
These 10 are painstakingly hand-picked from over 4,000 companies covered by the Zacks Rank. They are our primary picks to buy and hold.
Start Your Access to the New Zacks Top 10 Stocks >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportThe Trade Desk Inc. (TTD) : Free Stock Analysis ReportDropbox, Inc. (DBX) : Free Stock Analysis ReportZscaler, Inc. (ZS) : Free Stock Analysis ReportPinterest, Inc. (PINS) : Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research
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4 Cloud Stocks That Will Continue to Fly High in 2021 - Yahoo Finance
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Healthcare Cloud Computing Market To Witness Astonishing Growth 2020- 2027 – LionLowdown
Posted: at 1:01 am
Worldwide Market Reports added Healthcare Cloud Computing Market to its vast collection of research Databases. The report classifies the Global Healthcare Cloud Computing Market in a precise manner to offer detailed insights into the aspects responsible for augmenting as well as restraining market growth.
A comprehensive analysis of the Global Healthcare Cloud Computing Market is been done in this intelligence report. It includes the investigations done on past progress, ongoing market scenarios, and future prospects. Accurate data of the products, strategies, and market shares of leading companies in this particular market is mentioned. The report gives in-detailed information across Global regions, including Asia, North America, South America, Middle East, and Africa, Europe, with the sales and revenue data in each of the sub-segments.
Download Sample PDF of this Report @https://www.worldwidemarketreports.com/sample/461812
Healthcare Cloud Computing market competition by top manufacturers/players, with Healthcare Cloud Computing sales volume, price, revenue (Million USD), and market share for each manufacturer/player; the top players including:
Note: For a complete company list, please ask for a sample report.
We follow an iterative research methodology model to formulate the report that helps decision-makers take sound investment evaluation. Secondary research is carried out using internal and external sources to obtain qualitative and quantitative information of the market backed by the primary interview of KOLs and SMEs. This model negates any drastic deviation in the market estimation and is used to estimate the Healthcare Cloud Computing Market size and forecasts until 2026.
The Healthcare Cloud Computing Market report gives a 360-degree holistic view of the market and highlights the key developments, drivers, restraints, and future trends with impact analysis of these trends on the market for short-term, mid-term, and long-term during the forecast period. In addition, Along with an industrial chain, market statistics in terms of revenue, sales, price, capacity, regional market analysis, segment-wise data, and market forecast information are offered in the full study, etc.
Industrial Impact of Covid-19 on Healthcare Cloud Computing Industry:
The outbreak of the pandemicCOVID-19changed the market scenario on the global platform. Many of the regions are facing the biggest economic crisis owing to the lockdowns that were implemented due to the outspread of the coronavirus infection. As the only solution that has been found to contracting this disease is social distancing many countries have implemented strong regulations in regards to people gatherings. Owing to this many of the businesses are working with only 30% of its employees thus not able to bring the maximum production.
Thiscan affect the global economy in 3 main ways: by directly affecting production and demand, by creating supply chain and market disturbance, and by its financial impact on firms and financial markets.
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Healthcare Cloud Computing Market Report is Segmented as Following-
In the end, the Healthcare Cloud Computing report offers a short outline of the dealers, distributors, suppliers. Along with the Healthcare Cloud Computingsales channel, analysis findings, conclusions, and results. Finally, provide info regarding new entrants within the Healthcare Cloud Computing market. The study suggests a brand new proposition to spice up the Healthcare Cloud Computing market price and nurture businesses. Correspondingly explains the current global Healthcare Cloud Computing market and the coming development of the business. The Healthcare Cloud Computing Market report begins with a basic overview of the industry lifecycle, definitions, classifications, applications, and industry chain structure, and all these together will help leading players understand the scope of the Market, what characteristics it offers, and how it will fulfill customers requirements. The study also covers market status, share, future patterns, development rate, deals, SWOT analysis, channels, merchants, and improvement gets ready for the anticipated year between 2020-2027.
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Healthcare Cloud Computing Market To Witness Astonishing Growth 2020- 2027 - LionLowdown
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IBM Leverages Cloud To Push The Encryption Envelope – The Next Platform
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Unfortunately, the powerful capabilities of quantum computers also introduce risks to our current security technology, namely public key cryptography. Symmetric key cryptography such as Advanced Encryption Scheme (AES) or Secure Hash Algorithm (SHA) -2 and -3 will not be completely compromised. The only known attack uses Grovers algorithm, which achieves fast unstructured search for the key space for symmetric ciphers or the output space for cryptographic hash algorithms. However, enhanced search by Grovers algorithm has an upper limit. Furthermore, the attack requires a considerable amount of quantum resources. Therefore, these symmetric key algorithms can sustain their security by simply increasing the key sizes or output sizes to at most twice their current size.
The rapid adoption by enterprises of hybrid cloud and multicloud environments along with the rise of the Internet of Things, a much more remote workforce and other trends that have contributed to the increasingly distributed nature of modern IT has put the vast amounts of data that is being generated in a precarious position. No longer created, collected and store in central datacenters sitting behind corporate firewalls, workloads and data are now bouncing between public clouds, between clouds and on-premises datacenters, from the edge through the cloud to the datacenter and back again.
Data is everywhere and in multiple environments, putting it at greater risk from cyberthreats from increasing sophisticated criminal and nation-state operations that now have a much larger attack surface to work on. Theres no way to put a firewall around such a decentralized situation, so other means of security including encryption are getting more work as organizations look to shield sensitive data from cyberattacks and stay in compliance with the growing numbers of government regulations and standards think the European Unions General Data Protection Regulation (GDPR) or Californias Consumer Privacy Act (CCPA) designed to protect the privacy of business user and consumers.
However, even modern encryption has its shortcomings. Enterprises now can encrypt data when its at rest and when its in transit. However, when they have to start putting it to work to process and analyze it it must be decrypted, exposing it to cyber-criminals who want to access or steal it or to third parties that may be able to see it. In a hybrid cloud world, the risk is high.
Enter Fully Homomorphic Encryption (FHE). Initially discussed in the 1970s but not demonstrated until 2009, homomorphic encryption enables data to remain encrypted even as organizations process and analyze it in the cloud or in third-party environments, protecting it from bad actors and the eyes of others who are not supposed to see it. Once the calculations or other mathematical operations are run on the encrypted data, the results will be corrected once theyre decrypted.
Its important because data is more portable than ever, Eric Maass, director of strategy and emerging technology at IBM Security Services, tells The Next Platform. We are in a very fluid state. Infrastructure is everywhere. Once upon a time, we built monolithic applications and the data, for all intents and purposes, was well contained within sight of a monolith of sorts. Today, applications are very hybrid in nature. Theres computing thats happening on-prem. Theres aspects of that computation that may happen in a hybrid fashion on infrastructure-as-a-service provider. Data is just being sent wherever its needed, basically to be utilized by highly distributed applications. In a hybrid cloud era, we expect that the infrastructure has become far more distributed and therefore [so is] the computing and therefore where the data needs to flow in order to perform that computing.
IBM has been an active player in the development of FHE, with IBM researcher Craig Gentry in 2009 demonstrating the first working algorithm for homomorphic encryption, though it was far too slow for practical use. More recently, Big Blue this summer ran successful FHE field trials and released a FHE toolkit for MacOS and iOS, Apple operating systems, adding Linux and Android later. This month, announced its IBM Security Homomorphic Encryption Services, a scalable offering hosted on IBM Cloud that gives organizations an environment for experimenting with the encryption technology and consulting and managed services to help them with their efforts.
Over the past decade, IBM and other companies have worked to make processing encrypted data faster. The demonstration in 2009 showed it could be done, but at the time it could take days or weeks to run FHE calculations that otherwise would take seconds on decrypted data. The organizations worked to improve the algorithms used for FHE and IBM created open-source libraries, such as HELib and the aforementioned FHE Toolkit. The result is homomorphic encryption that is more functionally viable and ready for wider use. The algorithms IBM is using on its new cloud service are founded on lattice-based cryptography, an encryption technology that is being developed to push back at the oncoming cyberthreats that will arrive with more widespread quantum computing.
The combination of expanded compute power and advanced algorithms, FHE can now be performed at seconds-per-bit, an important measurement that indicates that homomorphic encryption is fast enough to be used in increasing numbers of use cases and early trials. Examples of uses cases can include healthcare facilities that want to give patient data to clinical researchers to help them search for cures for a disease but cant do so now because regulations prevent exposing such sensitive data to third parties or retailers who want to do more targeted marketing but are worried about jeopardizing trust of their consumers by using their data in a way that exposes it.
Over the last 10 years, a lot of what it comes down to is just the math, Maass says. It gets down to finding efficiencies in the way that the math is being done to improve the speed. Way back in the day, a single digit being computed in an FHE-enabled application took somewhere around a half an hour. We improved that. Its still multiple times slower than performing the same calculation on clear text data, but its improved to the point where a lot of the computation that we make here about basic analysis, statistical analysis of data, that sort of stuff, could be done in a way thats almost imperceptible.
IBMs FHE Services offering has two key goals: To give enterprises a cloud-based environment trying out the technology and running experiments and as a way of educating organizations and offering them services and support from IBM cryptography experts, both with the aim of preparing them to build and deploy FHE-enabled applications. The tools were developed by IBM Research and IBM Z, offering templates for common FHE use cases, including encrypted search, AI, machine learning and analytics. The IBM Cloud infrastructure can scale as needed.
There continue to be challenges to mass adoption of homomorphic encryption, Maass says. FHE is complex and requires a lot of compute power as much as 100 times the compute resources of operations on plaintext data the lattice encryption keys and other FHE-specific technologies are not mainstream and may need particular infrastructure, and coding for FHE may be different from traditional methods. Applications and data need to be prepared in particular ways when dealing with FHE.
Data preparation really has a lot to do with what use case you plan to implement with the technology, he says. The simplest example is if you picture a spreadsheet of data, you have rows and columns. Traditional databases have rows and columns of data. Often with [FHE] data preparation, the columns need to become rows and the rows need to become columns. There are certain types of math that needs to take place in which were twisting and turning the data in ways that its not natively coming out of a traditional relational database. Its not overly complex, but it does take understanding those constraints and use cases in order to plan for that. Clearly, systems as they exist today for storing data within these organizations are not going to be natively compatible if we need to start twisting and turning the data that way.
Likely candidates for using FHE include organizations in highly regulated industries healthcare, financial services, retail and the like and those using data in highly collaborative and distributed, which is getting more common with the growing adoption of hybrid clouds.
That said, FHE will be a targeted sort of technology, not one designed to be a wholesale replacement for all forms of encryption, he says. Were going to still see basic asymmetric and symmetric encryption that exists for data at rest and data in transport continue to be the primary way to do that job. They do it well. They do efficiently. This is really targeted at data that needs to be protected as its being put into an untrusted domain, shared with a third party, maybe being utilized in an untrusted cloud computing environment where its out of our hands and we want to make sure that its not going to be exposed as were computing on it. Theres a time and place for every form of cryptography and we see this as complementary to the data at rest and data in transit algorithms and techniques that are out there today.
Its going to take time, but two to three years down the road homomorphic encryption will have evolved from a fresh-from-the-lab technology to one that is more widely used, Maass says. Gartner analysts earlier this year predicted that by 2025, at least 20 percent companies will have projects on the books that include FHE, up from about 1 percent now. IBMs FHE Services offering is a step in that direction by getting organizations prepared for the technologys evolution.
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Indian firms see a silver lining in cloud adoption in pandemic-hit year – Business Standard
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The Covid-19 pandemic accelerated Cloud adoption by several years in 2020 and Indian enterprises of all sizes fast-tracked their decisions to shun the legacy infrastructure and move their operations -- in piecemeal or in full -- to artificial intelligence (AI) and machine learning (ML)-powered Cloud.
For Cloud players, the year offered a great opportunity to sell their scalable and secure Cloud-based solutions while keeping data within the territories of the country.
According to an IDC survey that came out in November, more than 60 per cent of the Indian organisations plan to leverage Cloud platforms for digital innovation, as the firms re-strategise their IT spending plans as a result of Covid-19.
Although most organisations in India have adopted Cloud at some stage, said the IDC, the current pandemic situation enabled them to spend more on public cloud infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS) solutions, and software-as-a-service (SaaS).
According to Shailender Kumar, Regional Managing Director, Oracle India, several Indian businesses like Polycab, Religare Broking and Mphasis moved on to its second-generation cloud services in the country, amid the rising demand for secure, enterprise-grade Cloud services in the pandemic.
"Buoyed by rising Cloud demand and to aid better disaster recovery and regulatory compliance, we made our second local cloud region available to customers in India. Our cloud business is growing well and is on the right track in the country," Kumar told IANS.
After spending several months in uncertainty around the pandemic-induced lockdowns, "there has been an uptick in business sentiment in India and a vast number of small and medium businesses (SMBs) and startups are now turning to the Oracle second generation cloud infrastructure for high performance and growth," Kumar elaborated.
Amazon Web Services (AWS), the Cloud computing business of e-commerce giant Amazon, said that amid the pandemic, it has seen an acceleration both in terms of customer adoption and how they are using the Cloud in the country.
Besides banking and financial services, other areas, where AWS has seen huge traction in India include media and entertainment and automotive sectors.
AWS will invest $2.77 billion to set up multiple data centres in Hyderabad, the Telangana government said last month.
The company will set up Asia Pacific (Hyderabad) Region with three Availability Zones (AZs). It is expected to start operations by mid-2022.
A Google Cloud report revealed this month that more than one in two retail executives in India feel their company is accelerating Cloud adoption in response to the Covid-19 pandemic.
Google Cloud won some key customers in India this year.
"We have always been bullish on India and you will see more investment coming from us towards that direction. India offers a great opportunity where Google Cloud Platform (GCP) with its latest agile, secure and scalable offerings can help enterprises, SMBs and the growing startup ecosystem amid the government's call for digital transformation," Google Cloud CEO Thomas Kurian told IANS.
Earlier this year, Alphabet and Google CEO Sundar Pichai committed $10 billion to drive India go digital and the company will open its second GCP region in India, in Delhi next year.
IT industry's apex body Nasscom said in November that with Cloud adoption among India's small and medium-sized businesses growing, they can account for 28-30 per cent of the country's Public Cloud market by 2025.
"As India aims to become a Cloud-first nation and with the government's push for Cloud adoption by MSMEs, it will be crucial for SMBs in India to think of themselves as digital enterprises and lead the E-revolution for India," said Debjani Ghosh, President, Nasscom.
The Covid-19 pandemic severely impacted the SMB segment and they struggled with liquidity crunch, lack of demand and lack of an alternative operational model.
Nasscom said that progressive policies and awareness programmes can accelerate cloud adoption at a time when the Covid-19 pandemic has already fast-tracked digital transformation of companies across all verticals.
Before the Covid-19 pandemic hit the country, nearly 97 per cent of mid-market firms considered technology to be important for business success and most were already experimenting with cloud, AI and emerging technologies.
"The uncertainty triggered by Covid-19 is making them relook at their own IT setup to ensure that they fix the gaps which could hamper their ability to operate remotely," Sandip Patel, MD, IBM India-South Asia, told IANS.
"This segment is usually more agile in their decision making and hence we are seeing several new engagements and discussions started already," Patel added.
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Indian firms see a silver lining in cloud adoption in pandemic-hit year - Business Standard
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Global Cloud Computing In Industrial IoT Market Size 2020 Top Manufacturers, Share, Opportunities and Forecast to 2026 – The Courier
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A comprehensive report onCloud Computing In Industrial IoT Marketwas published by Zion Market Research to understand the complete setup of Cloud Computing In Industrial IoT Market industries. Effective qualitative and quantitative analysis techniques have been used to examine the data accurately. Variable factors that comprise basis for a successful business, such as vendors, sellers, as well as investors are analysed in the report. It focuses on size and framework of global Cloud Computing In Industrial IoT Market sectors to understand the existing structure of several industries. Challenges faced by the industries and approaches adopted by them to overcome those threats has been included. This research report is helpful for both established businesses as well as start-ups in the market. Furthermore, the report is ideally and characteristically punctuated with illustrative presentation. Researchers of this report provide a detailed investigation of the historical records, current statistics, and future predictions.
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Profiling Key players:Amazon Web ServicesInc., Asigra Inc., CarboniteInc., CISCO, Cumulocity GmBH, Druva Software, DXC Technology Company, FUJITSU, General Electric, Honeywell International Inc., IBM, Intel Corporation, Iron Mountain Incorporated, IROOTECH, LosantIoTInc., Micr
Highlights of the report:
In This Study, The Years Considered to Estimate the Size of Cloud Computing In Industrial IoT Market are as Follows:
History Year: 2014-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year 2020 to 2026
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Southeast Asia Cloud Computing Market Procurement Report| Roadmap to Recovery for Businesses from the Impact of COVID-19 Pandemic | Adroit Market…
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Global Southeast Asia Cloud Computing Market provides complete analysis of the industry for the period 2020 2025. It provides whole summary of Southeast Asia Cloud Computing Market considering all the major industry trends, Market dynamics and competitive scenario. This Report concealment the manufacturers data, including delivery, price, revenue, gross profit, interview record, business distribution etc. and that data help the consumer know about the competitors better.
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Southeast Asia Cloud Computing market forecast 2025 report study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, and recent developments in both historic and present contexts. The Southeast Asia Cloud Computing market report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
Top Leading Key Players are:
Amazon, Akamai Technologies, CA Technologies, Alibaba, Cisco Systems and Google Inc.
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Global Southeast Asia Cloud Computing Market analyses on key Southeast Asia Cloud Computing manufacturers and studies the capacity, production, value, market share and development plans for next few years. It also focuses on the global key manufacturers, to define, describe and analyse the market competition landscape, and SWOT analysis. It also defines, describes and forecast the market by various types, applications and regions. Later, this report also helps you to understand factors driving or constraining the market growth along with each submarket with respect to individual growth trend and their contribution to the market.
Southeast Asia Cloud Computing Market Segmentation
Type Analysis of Southeast Asia Cloud Computing Market:
by Deployment (Public Cloud, Private Cloud, Hybrid Cloud) by Product (IaaS, PaaS, SaaS) by Organization (Small, Medium, Large) by Application (IT & Telecom, BFSI, Aerospace & Defense, Healthcare, Manufacturing, Government & Utilities, Retail, Consumer Electronics, Others)
Applications Analysis of Southeast Asia Cloud Computing Market:
by Application (IT & Telecom, BFSI, Aerospace & Defense, Healthcare, Manufacturing, Government & Utilities, Retail, Consumer Electronics, Others)
Southeast Asia Cloud Computing Market 2020 global industry research report is a professional and in-depth study on the Southeast Asia Cloud Computing market trends, share, size, growth, as well as industry analysis. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analysed. This report also states import/export consumption, supply and demand Figures, cost, price, revenue and gross margins.
The report also focuses on global major leading industry players of Global Southeast Asia Cloud Computing market providing information such as company profiles, product picture and specification, capacity, cost, production, price, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out. Southeast Asia Cloud Computing Market Forecast 2025 report study provides key statistics on the market status of the Southeast Asia Cloud Computing manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
In the end, Southeast Asia Cloud Computing Market report provides details of competitive developments such as expansions, agreements, new product launches, and acquisitions in the market for forecasting, regional demand and supply factor, investment, market dynamics including technical scenario, consumer behaviour, and end use industry trends and dynamics, capacity, spending were taken into consideration.
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