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Category Archives: Cloud Computing
Cloud Computing in Healthcare Market is Booming Worldwide 2020-2027 | Allscripts Healthcare Solutions, Dell Technologies, International Business…
Posted: August 23, 2020 at 1:29 am
New Jersey, United States,- The Cloud Computing in Healthcare MarketResearch Report byVerified Market Research focuses on some of the vital aspects of the market such as Revenue Rate, Market Share, Key Regions, and Production as well as Key Players. This Cloud Computing in Healthcare report also provides the readers with detailed figures at which the Cloud Computing in Healthcare market was valued in the historical year and its expected growth in upcoming years. Besides, the analysis also forecasts the CAGR at which the Cloud Computing in Healthcare is expected to mount and major factors driving the markets growth. All the latest technological innovations, industry trends, and market data are provided in the Global Cloud Computing in Healthcare report for the forecast period. The in-depth view of the Cloud Computing in Healthcare industry on the basis of market size, market growth, opportunities, and development plans offered by the report analysis.
Additionally, this report offers an extensive analysis of the supply chain, regional marketing, opportunities, challenges, and market drivers for the accurate prediction of the global Cloud Computing in Healthcare market. The Cloud Computing in Healthcare report also provides an in-depth analysis regarding the methodology and research approach, data sources, and authors of the study. The Cloud Computing in Healthcare report also covers the details about the manufacturing data such as interview record, gross profit, shipment, and business distribution which can aid the consumer to know about the competitive landscape.
Furthermore, the report also offers an in-depth assessment of the Cloud Computing in Healthcare market by highlighting data on several aspects that may include opportunities, market drivers, as well as threats. However, this data can aid providers to make proper decision making before investing in the Cloud Computing in Healthcare market. In addition, the research report has been designed on the basis of an in-depth analysis of the target market along with inputs from market professionals. The report focuses on the comprehensive landscape of the market and growth prospects over the forecast period. The Cloud Computing in Healthcare market report also comprises a broad overview of the major retailers operating in the target market.
Major Companies Profiled in This Cloud Computing in Healthcare Market Report:
Cloud Computing in Healthcare Market Segmentation:
Global Cloud Computing in Healthcare Market, By Type
Clinical Information Systems Non-Clinical Information Systems
Global Cloud Computing in Healthcare Market, By Pricing Model
Pay-As-You-Go Spot Pricing Model
Global Cloud Computing in Healthcare Market, By Service Model
Software-As-A-Service Infrastructure-As-A-Service Platform-As-A-Service
Geographically, the Cloud Computing in Healthcare market report is segmented as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. This analysis report similarly reduces the present, past, and future market business strategies, company extent, development, share, and estimate analysis having a place with the predicted circumstances. Moreover, the possible results and the exposure to the enhancement of the Cloud Computing in Healthcare market widely covered in this report.
Cloud Computing in Healthcare Market: Regional Analysis Includes:
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
Europe(Turkey, Germany, Russia UK, Italy, France)
North America (The United States, Mexico, and Canada)
South America(Brazil etc)
The Middle East and Africa(GCC Countries and Egypt)
This report also describes the key challenges and threats possible. The report presents a full description of the strengths, weaknesses, opportunities, and threats to the Cloud Computing in Healthcare market. The market report provides the analytical tools that help identify the key external and internal factors that should be considered for the growth of the market. The report also helps companies in marketing for tasks like identifying their prospective customers, building relationships with them, and retention.
Key Highlights of the Cloud Computing in Healthcare Market Report:
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Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
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Cloud stocks revving up as Fastly breaks out to 11% gain – Seeking Alpha
Posted: at 1:29 am
Work-from-home tech and cloud computing stocks are rising, benefiting from money flowing into familiar lockdown winners with a lack of leadership in other sectors.
Fastly (FSLY,+11.5%) is leading cloud names. The stock plunged earlier this month after CEO Joshua Bixby identified TikTok as the company's largest single customer, accounting for 12% of H1 revenue.
But there are now two potential suitors for TikTok, with Microsoft joined by Oracle, who got a nod from President Trump as a good fit.
The edge cloud platform company still has more than 20% to go until shares are back where they were before the TikTok selloff, around $109.
Edge computing also got a nod from Nvidias conference call, where CFO Colette Kress highlighted the companys new EGX Edge AI platform. While new entrants mean increased competition, they also illustrate the potential for the space. Fastly said in its latest 10Q that such increased competitions could lead to takeovers and strategic partnerships.
Other cloud stocks on the move include cloud security company Zscaler (ZS,+6.4%) and Datadog (DDOG,+4.5%).
The First Trust Cloud Computing ETF (NASDAQ:SKYY) isup 1.3%. The WisdomTree Cloud Computing ETF (NASDAQ:WCLD) isup 2.9%.
Among work-from-home tech names, Zoom Video (ZM,+5.9%) is jumping, joined by Slack (WORK,+5%) and DocuSign (DOCU,+3%).
Brazilian-U.S. investment fund 3G Capital revealed last week it started new stakes in Fastly and Zoom.
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Cloud stocks revving up as Fastly breaks out to 11% gain - Seeking Alpha
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Adopt and secure the cloud in a work-from-home world – TechTarget
Posted: at 1:29 am
Elasticity and ease of access have long been hallmarks of cloud computing and have made it an attractive option during uncertain times. The COVID-19 pandemic has spurred a huge rise in remote work strategies, and organizations have turned to the cloud to support this new normal.
As organizations change the way they operate on the fly, cloud infrastructure has become essential to these rapid transformations. Migrating to the cloud can help organizations downsize now while retaining the option to scale up later. It also provides a means to support distributed employees that work from home.
Cloud usage, on the whole, is on the rise. Amazon, Microsoft and Google have all seen considerable growth in cloud usage and revenue. Compared to last year, AWS, Microsoft Azure and Google Cloud grew 29%, 47% and 43%, respectively, according to the companies'latest quarterly earnings reports.
But more cloud use has also led to an increase in cyberattacks targeting cloud resources. These attacks are especially dangerous for organizations that are just adopting the technology and aren't well versed in identifying potential vulnerabilities.
To study this trend, McAfee researchers reviewed anonymized data from more than 30 million users of McAfee MVision Cloud, the vendor's cloud access security broker offering. The data showed a 630% increase in outside attacks on these cloud services between January and April.
In a work-from-home world, there are clear benefits to cloud computing -- like scalability and not needing on-site infrastructure management. But there are also clear dangers if an organization is unprepared to operate in the cloud. To avoid these obstacles, adopt the following strategies to get started with the cloud and learn how to secure your company's environment once it's up and running.
While moving to the cloud wholesale might not seem like the best idea, there are a few smaller, DIY tasks that can push your organization in the right direction. For example, you could deploy infrastructure as code, build a data lake, integrate a cloud-agnostic ETL service or automate cron jobs with serverless cloud functions.
These projects aim to solve specific business problemsand prove the value of the cloud, which can then justify a larger commitment to cloud technologies.
If a crisis like COVID-19 pushes your organization to use more SaaS applications, there are ways to make this transition easier for everyone involved.
First, prioritize essential data and services like email and team communication. While historical data is important, it shouldn't necessarily be a top priority as it can usually be migrated later. Also, be sure admins know which services or applications your employees really need to do their jobs. If something breaks or a user sends in a complaint about something that's missing, it can derail an entire migration as your IT staff flocks to address this one problem. It's critical that you continue to communicate the changes to users throughout the process.
A cloud front end is a good half-step toward the cloud. Hosting your front end in the cloud provides some of the scalability benefits, but in a way IT staff are used to. With this method, you don't have to shift a critical application to the cloud in its entirety. Instead, you build cloud-based components that mediate access to those on-premises applications.
VPNs are often used to support employees when they work from home, but this approach comes with risk of network overload or malware threats that can derail your business. A VPN also might not be able to support an entire staff working remotely. Instead, build a cloud front end for better scalability and resiliency.
A cloud front end consists of three components:
Latency has long been an issue for enterprise WANs. Moving to a distributed workforce means reevaluating your network capabilities, and cloud latency can depend on where your employees are located. If they're spread out over a region or even an entire country, you need a clear cloud networking strategy.
One of the ways organizations can deliver networking is through SD-WAN, which has evolved from a combination of WAN-optimization products and SDN technology. SD-WAN is made up of a circuit-agnostic software control plane that manages WAN access and circuit bonding technology to create virtual WANs. This can improve all remote connections -- to the data center or cloud service.
Even with an SD-WAN setup, cloud latency can still be an issue for far-flung locations. If that's the case, use services such as AWS Snowball, Azure Data Box and Google Cloud Transfer Appliance. These devices combine a portable hard drive with software and cloud services to facilitate mass data migrations for DR and content delivery.
With many employees working remotely, cloud backup services are a lightweight way to maintain compliance without needing to send IT personnel into the office to manage data center backups. With the cloud, IT teams can spin up backup resources managed by the provider. Many cloud backup services include disaster recovery and data management capabilities as well.
Backup plays a critical role in cloud security, providing essential recovery points if your applications are compromised by malware or other issues. However, the cloud is not an unlimited resource, so factor that into your strategy. Some users have reported providers are rationing services due to demand -- and cloud bills can be expensive and confusing.
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Global Cloud Computing in Retail Banking Market 2025 Expected to Reach Highest CAGR During COVID 19 crisis: Amazon Web Services (AWS), Ellie Mae, IBM,…
Posted: at 1:29 am
This elaborate global research output outlining the various facets of the Cloud Computing in Retail Banking market reveals valuable insights that could trigger exponential growth in the Cloud Computing in Retail Banking market, with sumptuous references about competition spectrum, growth friendly marketing strategies, tactical business discretion as well as dynamic segmentation, which together influence a highly decisive growth trail in the global Cloud Computing in Retail Banking market.
The various components and growth propellants such as dominant trends, existing challenges and restrictions as well as opportunities have also been discussed at length. The report is designed to guide the business decisions of various companies and research experts who look forward to market profitable decisions in the Cloud Computing in Retail Banking market.
The study encompasses profiles of major companies operating in the Cloud Computing in Retail Banking Market. Key players profiled in the report includes:
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Global Cloud Computing in Retail Banking market research report presentation demonstrates and presents an easily understandable market depiction, lending crucial insights on market size, market share as well as latest market developments and notable trends that collectively harness growth in the global Cloud Computing in Retail Banking market. This detailed and meticulously composed market research report on the Cloud Computing in Retail Banking market discussed the various market growth tactics and techniques that are leveraged by industry players to make maximum profits in the Cloud Computing in Retail Banking market even amidst pandemic situation such as COVID-19.
Scope of the ReportThe discussed Cloud Computing in Retail Banking market has been valued at xx million US dollars in 2019 and is further projected to grow at xx million US dollars through the forecast span till 2024, growing at a CAGR of xx% through the forecast period.
By the product type, the market is primarily split into
By the end-users/application, this report covers the following segments
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For the convenience of complete analytical review of the Cloud Computing in Retail Banking market, 2019 has been identified as the base year and 2020-24 comprises the forecast period to make accurate estimation about the future growth prospects in the Cloud Computing in Retail Banking market.
Regional Analysis of the Cloud Computing in Retail Banking Market: Additionally, the report serves as a convenient guide to design and implement potential growth steering activities across select regional pockets in the Cloud Computing in Retail Banking market. Frontline players and their effective growth strategies are also enlisted in the report to emulate growth.
North America (U.S., Canada, Mexico) Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS) Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific) Latin America (Brazil, Rest of L.A.) Middle East and Africa (Turkey, GCC, Rest of Middle East)
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Seven Pointer Guide for Report Investment A complete documentation of historical, current events as well as future predictions concerning market value and volume Leading industry best practices and growth friendly initiatives by dominant players A thorough, in-depth analytical review of the Cloud Computing in Retail Banking market A complete synopsis of major market events and developments A methodical reference of the dominant alterations in market dynamics A detailed take on market events, developments as well as tactical business decisions An illustrative reference point determining market segmentation
Further in the subsequent sections of the report, readers can get an overview and complete picture of all major company players, covering also upstream and downstream market developments such as raw material supply and equipment profiles as well as downstream demand prospects.
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Cloud Telephony is a Game Changer in the Insurance Industry – CXOToday.com
Posted: July 8, 2020 at 4:10 am
By: Anjali Malhotra
Cloud telephony has transformed many industry sectors with its ease of deployment, resourcefulness, and flexibility, and the insurance industry is no different. The global outbreak of the COVID-19 pandemic has further facilitated the way for increased cloud consumption with the lockdown being imposed all across the globe; there has been a rise in remote working culture.
A model of computer data storage, cloud computing has been a much sought-after affair in recent times. Cloud is a storage model that allows data to be transmitted and stored on remote storage systems. This is based on a virtualized infrastructure that has accessible interfaces, near-instant elasticity, and scalability. Similarly, Cloud Telephony refers to the technology where telephony switching, and storage equipment is hosted over the service providers premises and are made accessible to the customers through the internet.
Consumers expect to be served quickly and effectively when they call the customer centre. It is necessary to have a responsive and effective communication system in order to stay updated with the users needs and capture the growing market trends. It is a need of the hour to address the queries of the customers in an effective and timely manner due to the evolution of technology by the use of Cloud Telephony Solution. Say for example, a customer may search the net with the questions to get the best answers or choose a website live chat in order to gather information. They want to be routed promptly from theIVRto an agent who can answer their queries.
As people get accustomed to the digital world and self-service portals, premium payments, claims and other customer requests are likely to increase soon. Insurers will also need to ramp up their call center operations to keep pace with the rising volumes. They need to engage not only for product sales but also to resolve their queries on claim settlement or maybe documents required to file the claim etc.
Insurance industry is increasingly adopting cloud telephony services for uninterrupted customer management. Cloud telephony is also cost efficient and with the use of smart IVR, the manual costs can be reduced by automating the queries such as new insurance plans, premiums to be paid, new guidelines etc. One can create a virtual call centre and save a lot on operational expenses. It helps in ensuring the privacy of the customer by masking his/her phone number.
The transactions can be given an extra layer of security to verify and protect the customer data through OTP, Voice message and SMS. As work from home is becoming the new norm, this will not only help the company but also benefit employees to adapt to the system and keep the professionals content. For instance, at Aviva, prospective customers looking for a suitable plan visit our website and leave their contact information, get a call back by agents sitting at home through call routing on cloud. Using this technology, agents who are essentially working from home are fully able to support customers with all product information and process support.
The technology offers several other potential benefits. The system stores data and generates information that can be translated into actionable insights. Today, information stored on the cloud is being analyzed by data analytics software, providing insights that elude customer support.
The insurance enterprises and companies will help in the conversion of more clients due to AI-powered ASR insight. Automated outbound solutions will help the company and its marketing channels to reach out directly to the consumer over the phone. Hence, through cloud telephony solutions, the sentiments of the customers can be analyzed to predict their needs and provide the feedback in order to improve the sales pitch.
Smooth communication with customers made possible by cloud telephony is helping insurers cultivate relationships with every customer. Also, a cloud telephony system stores the names and numbers of every customer and creates a database. The database of a cloud telephony system can further be used to attract customers on social media sites.
Insurers could seamlessly access big data to help identify the latest trends that are fascinating the users worldwide. And by leveraging that data and those trends, they could develop new solutions catering to the needs of the customers. That not only helps to retain existing customers, but also helps to attract new ones.
The pandemic is making brands adopt innovative solutions for enhanced customer satisfaction. Cloud platform catering to the end-to-end customer lifecycle has resulted in increased productivity, relationship building and superior brand value. It also allows integrating risk data, risk assessments and risk indicators within its environment which helps the company in protecting data against any breach or theft.
In the post Covid world, cloud telephony will prove to be the next game changer for the insurance industry to maintain business continuity and support strategic decision-making with real-time insight, unlocking new revenue streams and improved customer experience.
(The author is Chief Customer, Marketing, Digital and IT Officer, Aviva India and the views expressed in the article are her own)
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Cloud Telephony is a Game Changer in the Insurance Industry - CXOToday.com
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Healthcare Cloud Computing Market Overview, Major Manufacturers and Production Price, Cost Revenue, Healthcare Cloud Computing Market Forecast 2025 -…
Posted: at 4:10 am
The research document on Healthcare Cloud Computing market offers a qualitative and quantitative analysis of this business space and includes information such as industry remuneration, revenue estimation, as well as the market size and valuation over the forecast period.
The report assesses the primary factors which are positively impacting the business vertical in terms of the sale generation and market growth. Additionally, it provides with exhaustive analysis pertaining to the key market trends and their impact on the market scenario.
Key parameters of Healthcare Cloud Computing market report:
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Geographical Landscape of Healthcare Cloud Computing market:
Healthcare Cloud Computing Market Segmentation: North America, Europe, Asia-Pacific, South America, Middle East & Africa, South East Asia
A gist of the regional terrain of Healthcare Cloud Computing market:
Product spectrum and application space of Healthcare Cloud Computing market:
Product landscape:
Product types: Software as a Service (SaaS), Platform as a Service (PaaS) and Infrastructure as a Service (IaaS
Key factors included in the report:
Application Landscape:
Application segmentation: Hospital, Clinics and Others
Insights provided by the study:
Additional parameters specified in the document:
Competitive arena of the Healthcare Cloud Computing market:
Major players in the Healthcare Cloud Computing market: MicroSoft, Dell, IBM, Amazon Web Services, GE healthcare, Oracle, Agfa-Gevaert, Carestream Health, Google Cloud Platform, Alibaba Cloud and Athenahealth
Key aspects listed in the report:
The Essential Content Covered in the Global Healthcare Cloud Computing Market Report:
Why to Select This Report:
Major Points Covered in TOC:
Overview:Along with a broad overview of the global Healthcare Cloud Computing market, this section gives an overview of the report to give an idea about the nature and contents of the research study.
Analysis of Strategies of Leading Players:Market players can use this analysis to gain a competitive advantage over their competitors in the Healthcare Cloud Computing market.
Study on Key Market Trends:This section of the report offers a deeper analysis of the latest and future trends of the market.
Market Forecasts:Buyers of the report will have access to accurate and validated estimates of the total market size in terms of value and volume. The report also provides consumption, production, sales, and other forecasts for the Healthcare Cloud Computing market.
Regional Growth Analysis:All major regions and countries have been covered in the report. The regional analysis will help market players to tap into unexplored regional markets, prepare specific strategies for target regions, and compare the growth of all regional markets.
Segmental Analysis:The report provides accurate and reliable forecasts of the market share of important segments of the Healthcare Cloud Computing market. Market participants can use this analysis to make strategic investments in key growth pockets of the market.
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Commerce Cloud Computing Market Extensive Industry Analysis, Growth Rate, Segmentation, Investment Opportunities and Top Manufacturers 2025 – Jewish…
Posted: at 4:10 am
The Commerce Cloud Computing Market Research Report aims to provide insights that strongly demonstrate the market structure, scope, history, potential, and development perspective. By crossing through the historical and present market status, the Commerce Cloud Computing market report provides authentic and reliable estimates for the forecast period. The Best part of this report is, this analyses the current state where all are fighting with the COVID-19, The report also provides the market impact and new opportunities created due to the Covid19 catastrophe.
Leading Companies Reviewed in the Report are:
IBM (US), SAP (Germany), Salesforce (US), Apttus (US), Episerver (US), Oracle (US), Magento (US), Shopify (Canada), BigCommerce (US), and Digital River (US), Elastic Path (Canada), VTEX (Brazil), commercetools (Germany), Kibo (US), and Sitecore (India).
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The prime objective of this report is to help the user to gain a complete knowledge of the market in terms of its definition, segmentation, influential trends, market potential, and the challenges that the market is facing. The Commerce Cloud Computing Market report offers recorded market information from 2015 to 2019, reveals revenue estimations for 2020 and figures from 2020 till 2025
Commerce Cloud Computing Market highlights industry essentials, regional market, global economic industry growth, and market competitors along with their market share. Commerce Cloud Computing Market report is concluded through collecting the number of researches. Sever industry based analytical techniques were also analyzed for a better understanding of this market.
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Commerce Cloud Computing market research report completely covers the vital statistics of the capacity, production, value, cost/profit, supply/demand import/export, further divided by company and country, and by application/type for best possible updated data representation in the figures, tables, pie chart, and graphs. These data representations provide predictive data regarding the future estimations for convincing market growth. The detailed and comprehensive knowledge about our publishers makes us out of the box in case of market analysis.
In addition, the number of business tactics aids the Commerce Cloud Computing market players to give competition to the other players in the market while recognizing the significant growth prospects. Likewise, the research report includes significant information regarding the market segmentation which is designed by primary and secondary research techniques. It also offers a complete data analysis about the current trends which have developed and are expected to become one of the strongest Commerce Cloud Computing market forces into coming future. In addition to this, the Commerce Cloud Computing report provides the extensive analysis of the market restraints that are responsible for hampering the Commerce Cloud Computing market growth along with the report also offers a comprehensive description of each and every aspects and its influence on the keyword market.
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3 Top Cloud Computing Stocks to Buy in July – The Motley Fool
Posted: July 5, 2020 at 10:09 am
Over the last decade, cloud computing has been a top-performing investment theme. But it's been this current health and economic crisis that has proven just how important cloud services are. With businesses and consumers grappling with shelter-in-place orders, it's these digital systems that have played a crucial role in keeping the wheels turning.
Thus, I think the winds filling the cloud computing industry's sails are far from abating. Global spending was expected to be a double-digit percentage growth story before coronavirus, and the pandemic is only increasing demand, making cloud stocks an annual spending opportunity now totaling in the hundreds of billions. I like cloud stocks as the 2020s get under way. Three I own already and that I'm looking to buy more of in July are salesforce.com (NYSE:CRM), CrowdStrike Holdings (NASDAQ:CRWD), and Anaplan (NYSE:PLAN).
Salesforce has gone from a specialized customer relationship management software-as-a-service to a massive ecosystem of services centered around relationships. In this digital age, human interaction can get downright impersonal. But Salesforce is doing its part to prevent that as far as business and customer relationships are concerned.
Sure, the whole business model springs from digital data. Salesforce prides itself on delivering actionable insights to organizations based on information gathered from their customers. But through dozens of acquisitions and internal development, the company's platform has become a torchbearer for digital transformation that puts customers first.
The company has kicked its efforts into overdrive during the current lockdown. It announced a new chat and video tool embedded directly in its software, expanded its freelance advisor marketplace with Torchlite to help businesses manage the current business environment, partnered with Siemens (OTC:SIEG.Y) to create touchless office entry and workforce management systems, announced a new set of tools from subsidiary MuleSoft to help healthcare providers make better use of patient data, and invested $100 million in remote-work service technologist Tanium. Salesforce has been busy the last few months helping users of its platform make a quick pivot.
But why Salesforce stock right now? After all, the company did forecast a slowdown in revenue growth for this year, with guidance for revenue implying the company will dip below a 20% year-over-year growth rate (17% is the forecast) for the first time ever. Concerning? Maybe. But the fact that this massive cloud software company still expects to maintain double-digit percentage growth at all is notable. Plus, it has a habit of under-promising and over-delivering. Either way, after the last quarterly update, there was more than enough positive in the report to keep me optimistic about Salesforce's prospects over the next decade.
Image source: Getty Images.
Endpoint security is nothing new. Whenever there is a connection between a network and a device, a potential pathway that can be exploited by those with nefarious intent is opened. Traditionally, that pathway could be closed as many organizations restricted access to their systems from within an office building. With many companies migrating operations to a remote cloud over the last decade, a new form of security that also dwells in the cloud was necessary to secure endpoints accessing the network.
But then COVID-19 happened, and the workforce suddenly got dispersed to millions of homes. It's been a not-so-proverbial torpedo into the side of traditional security thinking. With so many people now accessing networks and workflows from a home internet connection and device, cloud cybersecurity has become essential. CrowdStrike, which was already benefiting from the migration before, has skyrocketed. According to a report from tech researcher IDC, CrowdStrike's cut of market share nearly doubled in the last two years while the three largest incumbents' slices of the pie shrank.
Specifically, the company's revenue surged 85% higher in Q1 2020 to $178 million, and sees full-year revenue of $761 million to $773 million (about a 59% increase from 2019). In a very short period, this has turned into one of the largest cybersecurity pure-plays around, and it has tremendous momentum on its side as legacy vendors were still trying to adapt to changing times before.
Even when using expected one-year forward results, this stock trades for a very expensive 22.8 times revenue. But besides torrid growth, a premium is warranted. This is a highly profitable outfit with free cash flow (revenue less cash operating and capital expenses) margin coming in at 49% during the first quarter. It's more than likely that margin will moderate later this year, but it nonetheless speaks to how powerful and lucrative a business model subscription-based cloud computing can be.
CrowdStrike is one of those companies getting a huge bump from the state of current world affairs. But much like Salesforce, many cloud companies are reporting an expected pause in spending among customers, albeit a temporary one. Anaplan is one of those cloud vendors forecasting some bumps ahead.
The company is a pioneer in the "Connected Planning" industry, as it tries to disrupt offerings from old software vendors like IBM (NYSE:IBM), Oracle (NYSE:ORCL), and SAP (NYSE:SAP), and also has some overlap with services offered by larger peer Workday (NASDAQ:WDAY). But it's a big segment of the software field, and Anaplan is attacking it with its cloud-native and artificially intelligent software that stitches together all the data an organization possesses to help drive better decision making.
After expanding 45% in 2019, its Q1 2020 got off to a much more sluggish start. Revenue increased 37% to $104 million, management pulled the plug on full-year 2020 expectations due to lack of visibility on closing of new deals, and second-quarter guidance is calling for "only" 22% year-over-year growth.
On one hand, a slowdown is to be expected given the belt-tightening going on at the moment. But it nonetheless speaks to Anaplan's positioning that it can keep momentum going even amid crisis. I for one think corporate planning will be in higher demand than ever as effects from the pandemic begin to slowly ease. Whether it's sales, budgeting, or special project forecasting, Anaplan's ability to help teams in different departments across an organization -- and in remote locations -- work together rather than in individual silos will be an important feature post-coronavirus. Shares trade for 12.2 times one-year forward revenue -- hardly cheap, but not unreasonable given the billions of dollars spent on planning software each year.
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Universities and Tech Giants Back National Cloud Computing Project – The New York Times
Posted: at 10:09 am
Leading universities and major technology companies agreed on Tuesday to back a new project intended to give academics and other scientists access to the computing resources now available mainly to a few tech giants.
The initiative, the National Research Cloud, has received bipartisan support in both the House and the Senate. Lawmakers in both houses have proposed bills that would create a task force of government science leaders, academics and industry representatives to outline a plan to create and fund a national research cloud.
This program would give academic scientists access to the cloud data centers of the tech giants, and to public data sets for research.
Several universities, including Stanford, Carnegie Mellon and Ohio State, and tech companies including Google, Amazon and IBM backed the idea as well on Tuesday. The organizations declared their support for the creation of a research cloud and their willingness to participate in the project.
The research cloud, though a conceptual blueprint at this stage, is another sign of the largely effective campaign by universities and tech companies to persuade the American government to increase government backing for research into artificial intelligence. The Trump administration, while cutting research elsewhere, has proposed doubling federal spending on A.I. research by 2022.
Fueling the increased government backing is the recognition that A.I. technology is essential to national security and economic competitiveness. The national cloud legislation will be proposed as an amendment to this years defense budget authorization.
We have a real challenge in our country from China in terms of what they are doing with A.I., said Representative Anna G. Eshoo, Democrat of California, a sponsor of the bill.
Funding for the project, the terms for paying the cloud providers and what data might be available would be up to the task force and Congress.
This is a logical first step, said Senator Rob Portman, Republican of Ohio, another sponsor of the proposed law. The task force is going to have to grapple with how you pay for it and how you govern it. But you shouldnt have to work at Google to have access to this technology.
The national research cloud would address a problem that is a byproduct of impressive progress in recent years. The striking gains made in tasks like language understanding, computer vision, game playing and common-sense reasoning have been attained thanks to a branch of A.I. called deep learning.
That technology increasingly requires immense computing firepower. A report last year from the Allen Institute for Artificial Intelligence, working with data from OpenAI, another artificial intelligence lab, observed that the volume of calculations needed to be a leader in advanced A.I. had soared an estimated 300,000 times in the previous six years. The cost of training deep learning models, cycling endlessly through troves of data, can be millions of dollars.
The cost and need for vast computing resources are putting some cutting-edge A.I. research beyond the reach of academics. Only the tech giants like Google, Amazon and Microsoft can spend billions a year on data centers that are often the size of a football field, housing rack upon rack with hundreds of thousands of computers.
So there has been a brain drain of computer scientists from universities to the big tech companies, lured by access to their cloud data centers as well as lucrative pay packages. The worry is that academic research the seed corn of future breakthroughs is being shortchanged.
Academic work can be crucial particularly in areas where profits are not on the immediate horizon. That was the story with deep learning, which dates to the 1980s. A small band of academics nurtured the field for years. Only since 2012, with enough computing power and data, did deep learning really take off.
There have been smaller efforts for university research to tap into the big tech clouds. But the current concept of an ambitious public-private partnership for a National Research Cloud came in March from John Etchemendy and Fei-Fei Li, co-directors of the Stanford Institute for Human-Centered Artificial Intelligence.
They posted their idea online and sought support from other universities. The academics then promoted the idea to their political representatives and industry contacts.
The federal government has long backed major research projects like particle accelerators for high-energy physics in the 1960s and supercomputing centers in the 1980s.
But in the past, the government built the labs and facilities. The research cloud would use the cloud factories of the tech companies. Academic scientists would be government-subsidized customers of the tech giants, perhaps at rates below those charged to their business customers.
Many university researchers say that buying rather than building is the only sensible path, given the daunting cost of hyper-scale data centers.
We need to get scientific research on the public cloud, said Ed Lazowska, a professor at the University of Washington. We have to hitch ourselves to that wagon. Its the only way to keep up.
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Amazon Web Services is creating its very own space force for cloud computing – GeekWire
Posted: at 10:09 am
AWS Ground Station makes use of satellite ground stations. (AWS Photo)
Amazon Web Services today unveiled a new business unit devoted to developing data infrastructure and cloud services for the aerospace and satellite industry and headed by someone who helped set up the U.S. Space Force.
The Aerospace and Satellite Solutions business segment will be headed by retired Air Force Major Gen. Clint Crosier, former director of Space Force Planning.
We find ourselves in the most exciting time in space since the Apollo missions, Crosier said in todays announcement from Amazon. I have watched AWS transform the IT industry over the last 10 years and be instrumental in so many space milestones. I am honored to join AWS to continue to transform the industry and propel the space enterprise forward.
The unveiling was announced by Teresa Carlson at the AWS Public Sector Summit Online. Whether on Earth or in space, AWS is committed to understanding our customers missions, she said.
Amazon Web Services started down the road to space-centric cloud computing a year and a half ago when it established AWS Ground Station, a cloud service designed for satellite owners and operators.
AWS Ground Station has been building up a network of literal ground stations for satellite communications, as well as a portfolio of customers ranging from NASAs Jet Propulsion Laboratory to Capella Space, a provider of on-demand satellite radar imagery. Today AWS highlighted Capellas move to go all-in on its infrastructure, including AWS Ground Station as well as ground-based cloud services.
We are redefining what is possible in the satellite industry, and reducing the cost and time required for organizations to benefit from satellite data, Capella CEO Payam Banazadeh said in a news release.
Walter Scott, executive vice president and chief technology officer for Maxar Technologies, said AWS is providing the foundational building blocks for its satellite data system.
This new AWS business will support Maxar as we launch our new WorldView Legion satellites next year, which will triple our 30-cm imagery collection and greatly increase our currency and scalability for government missions and commercial use cases, Scott said.
AWS Carlson said the world is entering an exciting and daring new age in space, highlighted by initiatives including space-based IoT and Earth observation services, low-latency satellite internet services and NASAs Artemis campaign to send astronauts to the moon.
She promised that the new aerospace and satellite business unit would work with customers and partners to reimagine space system architectures and launch new services that process space data on Earth and in orbit.
Amazon and its billionaire founder and CEO, Jeff Bezos, have a couple of other ventures in the works to capitalize on the final frontier.
Last year, Amazon revealed that its working on a venture called Project Kuiper that aims to put thousands of satellites into low Earth orbit to provide global internet access. Then theres Blue Origin, Bezos privately held space venture, which is developing a suborbital spaceship called New Shepard, an orbital-class rocket called New Glenn and a lunar lander called Blue Moon.
For now, AWS new business segment supports Project Kuiper and Blue Origin as customers, just as Amazon.com is treated as a customer. Looking longer-term, those efforts have additional potential for two-way synergy, with Kuiper conceivably providing satellite resources for cloud services and communication, and Blue Origin providing the means to get that hardware into space.
Competitors to AWS space force would include SpaceX, which already has hundreds of satellites in orbit for its Starlink broadband data network; and Microsofts Azure cloud computing platform, which has been working on space-related services with partners including NASA and SES, one of the worlds top satellite network operators.
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Amazon Web Services is creating its very own space force for cloud computing - GeekWire
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