Category Archives: Cloud Computing
The cloud and AI race in Financial Services – Capgemini
As we prepare for Google Cloud Next 2024, we reflect on the conversations we had at last years flagship Google Cloud event. This blog post explores the future of financial services, focusing on the role of artificial intelligence (AI) and cloud computing.
Episode 46 Future of financial services with Zac Maufe, Head of financial services industry solutions, Google Cloud
In this episode between Zac Maufe, Google Clouds Head of Financial Services Industry Solutions, Dave Chapman and Rob Kernahan, the hosts of the Cloud Realities podcast, the conversation explores the challenges and opportunities presented by these new technologies.
The financial services industry has historically been behind the race in cloud adoption, owing to stricter regulations, complex legacy systems, and data fragmentation. While banks have been cautious about migrating sensitive financial data to the cloud, times are changing. With regulatory frameworks adapting, and the benefits of cloud computing scalability, agility, and cost-efficiency becoming increasingly attractive, the cloud catch up is a current reality.
So what cloud options are financial services firms exploring?
Financial institutions are now exploring various cloud-based solutions, including:
AI, particularly LLMs, is a major area of exploration for financial services. Here are some potential applications:
While AI offers exciting possibilities, security and compliance remain paramount in financial services. Heres how these concerns are being addressed:
Regulations surrounding AI are expected to evolve alongside the technology. Collaboration between regulators and the financial services industry is crucial to ensure responsible innovation and consumer protection.
The future of financial services is shaped by cloud adoption and AI. As cloud platforms become more secure and compliant, and AI capabilities mature, financial institutions will be better equipped to navigate the ever-changing landscape and deliver exceptional value to their customers.
Well be at Google Cloud Next with podcasts, exclusive client sessions and demos exploring exactly how we are transforming financial services with cloud, Data/AI, and software engineering on Google Cloud.
Innovation, meet intelligence.
Explore the power of our collaboration with Google Cloud.
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The cloud and AI race in Financial Services - Capgemini
Edge Computing Market Projections Point to USD 206 Bn by 2032 – Market.us Scoop – Market News
Introduction
According to Market.us, The global edge computing market is projected to reach approximately USD 206 billion by 2032, exhibiting a robust CAGR of 18.3% from 2023 to 2032.
Edge Computing is a transformative technology that processes data closer to where it is generated, rather than sending it across long routes to data centers or clouds. This method significantly speeds up the process, making it ideal for real-time applications like smart cities, healthcare, manufacturing, and autonomous vehicles.
The Edge Computing Market is witnessing rapid growth, with significant advancements and adoption across various industries. North America leads in market share, thanks to its advanced IT infrastructure and the presence of major technology players. However, the adoption of edge computing comes with its set of challenges. The cost of high-performing edge computing devices, security threats due to vulnerable nodes and IoT devices, and the lack of edge monitoring tools are notable hurdles. Despite these challenges, the advantages of edge computing over traditional cloud computing such as speed, scalability, reliability, versatility, and lower management costs make it a promising technology for the future.
Edge computing is significantly shaping various sectors by providing real-time data processing capabilities at the edge of the network, closest to where data is generated. Heres a glance at the most anticipated use cases in production across different domains:
In conclusion, edge computing is a transformative technology that brings computational capabilities closer to the data source, enabling faster processing, lower latency, and improved system performance. The edge computing market is experiencing growth due to the increasing demand for real-time analytics, the proliferation of IoT devices, and the advent of 5G networks. With ongoing developments and advancements, edge computing has the potential to reshape industries and enable innovative applications that require low latency, high reliability, and localized data processing.
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Edge Computing Market Projections Point to USD 206 Bn by 2032 - Market.us Scoop - Market News
UK NCSC Publishes Guidance on Migrating SCADA to the Cloud – BankInfoSecurity.com
Critical Infrastructure Security , Governance & Risk Management , Operational Technology (OT)
If software is eating the world, cloud computing is eating infrastructure. Look no further than a push for cloud-hosted alternatives to Supervisory Control and Data Acquisition systems.
See Also: From Ancient Myths to Modern Threats: Securing the Transition from Legacy to Leading Edge
Traditionally, SCADA systems have been the antithesis of cloud: heavily localized, air gapped and monolithic. But not anymore, said the U.K. National Cyber Security Center. "During engagement with industry, the NCSC has noticed a clear shift in the attitude toward using the cloud for industrial applications," the cybersecurity agency said Monday.
Where once the operational technology world dismissed cloud computing out of hand, "organizations are now looking to the cloud for solutions," the center said in guidance it published to inform a risk-based assessment of the advantages and disadvantages of cloud SCADA.
Cloud-hosted SCADA presents both opportunities and challenges for OT organizations, the agency said. While the flexibility and scalability offered by cloud platforms can enhance resilience and enable the adoption of new technologies, the NCSC warned that a shift to the cloud fundamentally alters traditional management and security boundaries, necessitating careful consideration of connectivity models and access control mechanisms.
Cybersecurity should be a major consideration, the NCSC said, and it urged organizations to review its cloud security guidance.
The cloud SCADA guidance also addresses concerns surrounding data sensitivity and emphasizes the importance of implementing adequate security controls, including encryption measures for data at rest and in transit.
The NCSC advises OT organizations to collaborate closely with cloud service providers and SCADA vendors to ensure that security needs are met effectively.
Organizational readiness is a key focus of the guidance, and the NCSC highlights the importance of assessing the availability of necessary skills, policies and processes to support a shift to the cloud.
The guidance recommends that OT organizations invest in building internal expertise or consider engaging managed service providers with cloud-specific skills to support their migration strategy.
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UK NCSC Publishes Guidance on Migrating SCADA to the Cloud - BankInfoSecurity.com
Oracle Database@Azure Expansion: Committing to the Cloud – Technology Magazine
To meet the growing customer demand in 2024, the service will further run in the Australia East, Brazil South, Canada Central, France Central, Central India, Italy North, Japan East, Southeast Asia, Sweden Central, United Kingdom South, Central United States, South Central United States and United Arab Emirates North cloud regions.
Microsoft and Oracle first expanded their partnership in September 2023 to deliver Oracle database services in Azure, with OCI running in Microsoft Azure data centres. Additionally, both companies also grew their relationship to meet the huge, ever-increasing demand for artificial intelligence (AI) services.
We are energised by the Global 500 companies in financial services, healthcare, manufacturing, oil and gas, pharmaceuticals, and more that are already utilising Oracle Database@Azure, says Karan Batta, Senior Vice President at Oracle Cloud Infrastructure. The increased uptick in demand and emerging and unified use cases across OCI and Microsoft Azure demonstrate just how important the multi-cloud deployments are for our joint customers.
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Oracle Database@Azure Expansion: Committing to the Cloud - Technology Magazine
AWS Weekly Roundup Claude 3 Haiku in Amazon Bedrock – AWS Blog
Storage, storage, storage! Last week, we celebrated 18 years of innovation on Amazon Simple Storage Service (Amazon S3) at AWS Pi Day 2024. Amazon S3 mascot Buckets joined the celebrations and had a ton of fun! The 4-hour live stream was packed with puns, pie recipes powered by PartyRock, demos, code, and discussions about generative AI and Amazon S3.
AWS Pi Day 2024 Twitch live stream on March 14, 2024
In case you missed the live stream, you can watch the recording. Well also update the AWS Pi Day 2024 post on community.aws this week with show notes and session clips.
Last weeks launches Here are some launches that got my attention:
Anthropics Claude 3 Haiku model is now available in Amazon Bedrock Anthropic recently introduced the Claude 3 family of foundation models (FMs), comprising Claude 3 Haiku, Claude 3 Sonnet, and Claude 3 Opus. Claude 3 Haiku, the fastest and most compact model in the family, is now available in Amazon Bedrock. Check out Channys post for more details. In addition, my colleague Mike shows how to get started with Haiku in Amazon Bedrock in his video on community.aws.
Up to 40 percent faster stack creation with AWS CloudFormation AWS CloudFormation now creates stacks up to 40 percent faster and has a new event calledCONFIGURATION_COMPLETE. With this event, CloudFormation begins parallel creation of dependent resources within a stack, speeding up the whole process. The new event also gives users more controlto shortcut their stack creation process in scenarios where a resource consistency check is unnecessary. To learn more,read this AWS DevOps Blog post.
Amazon SageMaker Canvas extends its model registry integration SageMaker Canvas has extended its model registry integration to include time series forecasting models and models fine-tuned through SageMaker JumpStart. Users can now register these models to the SageMaker Model Registry with just a click. This enhancement expands the model registry integration to all problem types supported in Canvas, such as regression/classification tabular models and CV/NLP models. It streamlines the deployment of machine learning (ML) models to production environments. Check the Developer Guide for more information.
Other AWS news Here are some additional news items, open source projects, and Twitch shows that you might find interesting:
Build On Generative AI Season 3 of your favorite weekly Twitch show about all things generative AI isin full swing! Streaming every Monday, 9:00 US PT, my colleagues Tiffany and Darko discuss different aspects of generative AI and invite guest speakers to demo their work. In todays episode, guest Martyn Kilbryde showed how to build a JIRA Agent powered by Amazon Bedrock. Check out show notes and the full list of episodes on community.aws.
Amazon S3 Connector for PyTorch TheAmazon S3 Connector for PyTorchnow lets PyTorch Lightning users save model checkpoints directly to Amazon S3. Saving PyTorch Lightning model checkpoints is up to 40 percent faster with the Amazon S3 Connector for PyTorch than writing to Amazon Elastic Compute Cloud (Amazon EC2) instance storage. You can now also save, load, and delete checkpoints directly from PyTorch Lightning training jobs to Amazon S3.Check out the open source project on GitHub.
AWS open source news and updates My colleague Ricardo writes this weekly open source newsletter in which he highlights new open source projects, tools, and demos from the AWS Community.
Upcoming AWS events Check your calendars and sign up for these AWS events:
AWS at NVIDIA GTC 2024 TheNVIDIA GTC 2024developer conference is taking place this week (March 1821) in San Jose, CA. If youre around, visit AWS at booth #708 to explore generative AI demos and get inspired by AWS, AWS Partners, and customer experts on the latest offerings in generative AI, robotics, and advanced computing at the in-booth theatre.Check out the AWS sessions and request 1:1 meetings.
AWS Summits Its AWS Summit season again! The first one is Paris (April 3), followed by Amsterdam (April 9), Sydney (April 1011), London (April 24), Berlin (May 1516), and Seoul (May 1617). AWS Summits are a series of free online and in-person events that bring the cloud computing community together to connect, collaborate, and learn about AWS.
AWS re:Inforce Join us for AWS re:Inforce (June 1012) in Philadelphia, PA. AWS re:Inforce is a learning conference focused on AWS security solutions, cloud security, compliance, and identity. Connect with the AWS teams that build the security tools and meet AWS customers to learn about their security journeys.
You can browse all upcoming in-person and virtual events.
Thats all for this week. Check back next Monday for another Weekly Roundup!
Antje
This post is part of ourWeekly Roundupseries. Check back each week for a quick roundup of interesting news and announcements from AWS!
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AWS Weekly Roundup Claude 3 Haiku in Amazon Bedrock - AWS Blog
Microsoft Azure enhances AI capabilities with NVIDIA tech By Investing.com – Investing.com
REDMOND, Wash. and SAN JOSE, Calif. - Microsoft Corp (NASDAQ:). has announced a series of new integrations with NVIDIA Corporation (NASDAQ:), aimed at boosting artificial intelligence (AI) and cloud computing services across various Microsoft platforms, including Azure, Azure AI, Microsoft Fabric, and Microsoft 365.
The collaboration introduces the NVIDIA Grace Blackwell GB200 processor to Azure, enhancing Microsoft's AI infrastructure with advanced capabilities for processing large AI models in areas like natural language processing and computer vision. Additionally, Microsoft has launched the Azure NC H100 v5 virtual machine, which is based on NVIDIA's H100 NVL platform and supports Multi-Instance GPU technology for scalable AI workloads.
In the healthcare sector, Microsoft and NVIDIA are working together to accelerate innovation through the integration of cloud, AI, and supercomputing technologies. This collaboration aims to improve clinical research and care delivery by leveraging the combined powers of Microsoft Azure and NVIDIA's DGX Cloud and Clara suite of microservices.
The industrial digitalization front will also benefit from this partnership as NVIDIA Omniverse Cloud APIs will be available on Microsoft Azure, facilitating enhanced data interoperability, collaboration, and visualization for developers.
For Microsoft 365, AI inference predictions will be served by NVIDIA GPUs and the NVIDIA Triton Inference Server in Microsoft Copilot, which is designed to improve user productivity by providing contextualized intelligence in real-time.
Furthermore, NVIDIA's NIM inference microservices will soon be available on Azure AI, providing cloud-native microservices for optimized AI deployments. These services are designed to help developers quickly bring performance-optimized production AI applications to market.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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Microsoft Azure enhances AI capabilities with NVIDIA tech By Investing.com - Investing.com
Nvidia announces APIs for Omniverse Cloud to power digital twins for software tools – SiliconANGLE News
Nvidia Corp. today announced that its expandingOmniverse Cloudwith application programming interfaces, which will open up the platform for industrial digital twin applications and software developers.
Omniverse acts as a collaborative metaverse platform for developers, artists and engineers to visualize and generate 3D models of projects. Objects simulated within Omniverse, also known as digital twins, act and react with hyperrealistic physics simulation of real-world objects and the platform provides a collaborative solution for users and enterprise teams.
Omniverse Cloud is a cloud-based software-as-a-service solution for artists, developers and teams to use the platform to design, publish and operate metaverse applications anywhere in the world.
Everything manufactured will have digital twins, Nvidia founder and Chief Executive Jensen Huang said ahead of the companys annual GTC conference in San Jose, California. Omniverse is the operating system for building and operating physically realistic digital twins. Omniverse and generative AI are the foundational technologies to digitalize the $50 trillion heavy industries market.
At the GTC 2024 developer conference, Nvidia announced five new Omniverse Cloud APIs, which can be used individually or in combination to connect applications or workflows to the platform for interoperability usingOpenUSD, a high-performance extensible format for describing animated 3D scenes for large-scale film and visual effects production.
These new APIs include USD Render, USD Write, USD Query, USD Notify and Omniverse Channel. These APIs permit the ability to generate ray-traced RTX renders with OpenUSD data, modify and interact with data, query scene data, track USD changes and connect users, tools and worlds to enable collaboration. With these capabilities, developers could create windows from applications into Omniverse Cloud, allowing metaverse scenes and digital twins to be pulled directly into software.
Through the Nvidia Omniverse API, Siemens empowers customers with generative AI to make their physics-based digital twins even more immersive, said Roland Busch, president and CEO of Siemens AG. This will help everybody to design, build and test next-generation products, manufacturing processes and factories virtually before they are built in the physical world.
The same Omniverse Cloud APIs open up the ability to stream Omniverse Clouds capabilities to Nvidias Graphics Delivery Network, a global network of data centers for streaming 3D experiences to Apples Vision Pro mixed reality headset.
Nvidia demonstrated how Omniverse-based workflows could be combined with Vision Pros high-resolution displays using the companys RTX cloud rendering capabilities to produce visually stunning experiences with just the device and an internet connection. The cloud-based approach allows real-time physically based renderings of virtual objects, called digital twins, to be streamed directly to the Vision Pro, in high fidelity making the visuals true to reality, the company said.
The Vision Pro headset is capable of mixed reality, where the headset uses cameras and sensors on the front to pass through a view of what the user sees and then overlays 3D renders of objects onto the real world. The headset can also generate immersive virtual reality experiences, where the view itself is completely computer-generated. Apple Inc. CEO Tim Cook referred to the device as a spatial computer when it was unveiled, touting its ability to connect the virtual and the physical.
The breakthrough ultra-high-resolution displays of Apple Vision Pro, combined with photorealistic rendering of OpenUSD content streamed from Nvidia accelerated computing, unlocks an incredible opportunity for the advancement of immersive experiences, said Mike Rockwell, vice president of the Vision Products Group at Apple. Spatial computing will redefine how designers and developers build captivating digital content, driving a new era of creativity and engagement.
With the introduction of Apple Vision Pro, developers can combine remote cloud rendering and local on-device rendering. That means users can render fully interactive digital twins and experiences using Apples native SwiftUI and Reality Kit using Omniverse RTX Renderer streaming through GDN.
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Nvidia announces APIs for Omniverse Cloud to power digital twins for software tools - SiliconANGLE News
UAE’s G42 buys $100m stake in TikTok owner ByteDance – DatacenterDynamics
UAE artificial intelligence and cloud computing company G42 has acquired a stake of more than $100 million in TikTok owner ByteDance.
The investment has valued the Chinese company at $220 billion, reports Bloomberg.
The investment was made through G42's 42XFund and was handled by Sheikh Tahnoon bin Zayed al-Nahyan, chair of G42 and National Security Advisor of the UAE.
The $220bn valuation is notably less than in previous years. In 2023 the valuation offered during a share buyback program was $300bn and the company reached valuations of up to $400bn in the secondary market in 2021.
Shortly after G42's investment, another unnamed fund bought into the company at a $225bn valuation.
Just last week, the US House passed a bill that would force ByteDance to sell TikTok, though this has yet to be decided on by the Senate.
Motivated by national security concerns that were first raised by former President Donald Trump, TikTok is currently in the middle of migrating US user data to Oracle servers. Should the bill go through, US operators will be unable to provide web hosting for the platform after six months if it hasn't divested operations.
Other investors in ByteDance include Sequoia Capital China, SIG Asia Investments, Coatue Management, and SoftBank Group Corp. Around two-thirds of the company's investors are non-Chinese, and the majority of those are based in the US.
G42 is an Abu Dhabi-based artificial intelligence and cloud computing company that offers solutions to the oil and gas sector, as well as government, healthcare, and finance. It is a stakeholder in Khazna Data Centers.
Earlier this month, it announced that it would be partnering with EcoCloud to develop a geothermal-powered data center in Kenya. The development will have an initial 100MW, but can potentially be built up to 1GW of capacity.
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UAE's G42 buys $100m stake in TikTok owner ByteDance - DatacenterDynamics
Global Fax Services Market Outlook & Forecast 2023-2028: Cloud-Based Fax Solutions Gain Traction, Online Scams … – PR Newswire
DUBLIN, March 18, 2024 /PRNewswire/ --The"Global Fax Services Market - Outlook & Forecast 2023-2028" report has been added toResearchAndMarkets.com's offering.
The global fax services market was valued at USD 3.18 billion in 2022 and is expected to reach a value of $5.96 billion by 2028, growing at a CAGR of 11.05%
The global fax services market leaders are directing their efforts towards various essential business approaches, encompassing partnerships, mergers and acquisitions, product advancements, and collaborative ventures, all designed to broaden their product offerings and augment their market presence across diverse geographical regions.
The strategies related to expansion and investments encompass a spectrum of strategic initiatives, ranging from investments in research and development endeavors to establishing new manufacturing facilities and optimizing supply chains. Moreover, numerous vendors focus on improving their services by investing in R&D, technological advancements, and product development.
North America is experiencing robust growth in the fax services market, owing to the increasing demand for high-speed internet access and the widespread adoption of advanced fax technologies. Moreover, North America held the largest global fax services market share in 2022. The rapid proliferation of accessible and affordable internet connections, the rising popularity of cloud-based software and services, and businesses' imperative to enhance workflow efficiency and reduce operational costs contribute to regional market growth.
In fax services, technological convergence involves the incorporation of fax functionalities into enterprise resource planning (ERP), systems applications and products (SAP), and customer relationship management (CRM) systems. The emergence of various cutting-edge technologies, including 5G, Machine-to-machine (M2M) communication, IoT, automated intelligence, cloud computing, and digital fax solutions, drive the fax services market. These innovations are expected to propel the market's growth during the forecast period.
Key drivers for the fax services market include the attributes of cloud-based fax services, which offer flexibility, high performance, and reliability to organizations seeking seamless fax communication from their ERPs, desktops, or other business applications. Automation, particularly as a feature of computer-based fax services, is in high demand, notably among small and medium-sized businesses (SMBs) and large enterprises operating in transaction-intensive environments.
Compared to alternative methods such as e-mail and web-based document transfer, the robust privacy advantages make the faxing services stand out compared to its competitors and are anticipated to catalyze market growth. Numerous vendors are offering HIPAA-compliant fax solutions, a move aimed at enticing healthcare providers to adopt fax services, thereby contributing to the robust market growth.
FAX SERVICES MARKET TRENDS & DRIVERS
Increasing Online Scam and Data Breaches
For numerous corporations today, faxing remains an essential mode of communication, as fax is considered more than e-mail. Moreover, law enforcement and healthcare sectors are the major drivers of the fax services market because of stringent legal requirements governing the secure transfer of sensitive data.
Additionally, in 2022, nearly 3.6 million Russian internet users experienced breaches, marking an 11% increase. Such instances further propel the use of fax and its respective services to protect organizations from growing online scams and security concerns.
Rising Telecom Industry
The increasing telecom industry drives the global fax services market, using reliable, secure, cost-effective communication solutions to secure customer data.
Further, the rising expenditure on the implementation of 5G infrastructures, driven by changing consumer preferences toward cutting-edge technologies and smartphone devices, has increased the adoption of cloud-based fax services by the telecom industry because this service enables the transmission of exact documents over telecommunications networks and internet, which act a bridge among traditional and digital fax technology.
INDUSTRY RESTRAINTS
Unstructured Data
One of the reasons businesses continue to use fax is its extensive acceptance across numerous IT systems. However, since fax is a frequently supported messaging protocol, it is a capable interoperability standard. Although one of the downsides of fax is the nature of the file, it is an image file that might contain data.
SEGMENTATION INSIGHTS
INSIGHTS BY USER TYPE
The global fax services market by user type is segmented into large enterprises, small & medium enterprises (SMEs), and individuals & home offices. The large enterprises segment dominated the global market in 2022.
Large enterprises are characterized by a workforce exceeding 50 individuals and often encompassing Fortune 1000 companies, representing a substantial revenue source in the global automated fax market. They are primary contributors to international faxing revenue as well. Regardless of the deployment model, the large enterprises segment is one of the highest revenue contributors to the global market.
The major factors driving the migration to cloud-based fax services are reduced operational cost, improved productivity through automation, and increased flexibility and scalability. Large enterprises are involved in transferring thousands of faxes every month. Moreover, Apple uses the secure and reliable online fax service Fax App, which can turn an iPhone or iPad into a powerful fax machine and send faxes anytime, anywhere. All sent and received faxes are stored in a fully encrypted archive for further use and can be easily accessed without delay when required.
INSIGHTS BY SERVICE TYPE
The on-premises service type segment dominated the global fax services market in 2022. Enhanced control over data storage, high configurability, and customizability are prominent factors that propel the segment growth. These solutions also present integration options that can be tailored to align with the specific operational requirements of end-user businesses.
Furthermore, organizations operating in-house fax infrastructure and owning data centers and colocation facilities will likely prefer this operation mode. This will probably drive revenue growth in this segment during the forecast period. Open Text is the major player in this market, installing more than 100,000 RightFax on-premises fax servers. Vendors also offer desktop software solutions that can be integrated with the existing office mail system and other applications to transfer fax documents.
INSIGHTS BY INDUSTRY-USERS
The global fax services market by industry users is segmented as healthcare, banking, financial services, & insurance (BFSI), legal, manufacturing, and others. The healthcare industry user segment held the largest segmental share in the market. The healthcare sector is highly regulated, and securing patient information and maintaining privacy is important.
Although e-mails are an alternative to fax services, they are highly vulnerable, risking privacy. Many healthcare organizations use fax server (FOIP) solutions to transfer fax documents. Increased operational expenditure and initiatives towards operating a green environment are aiding the growth of the cloud-based fax services market.
Fax Services Market Overview
Market Opportunities & Trends
Market Growth Enablers
Market Restraints
Key Company Profiles
Other Prominent Vendors
For more information about this report visit https://www.researchandmarkets.com/r/43owxf
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Global Fax Services Market Outlook & Forecast 2023-2028: Cloud-Based Fax Solutions Gain Traction, Online Scams ... - PR Newswire
AWS Waives Egress Fees for Customers Exiting the Cloud – InfoQ.com
AWS has recently announced free egress traffic for customers leaving the cloud and withdrawing their data from the AWS infrastructure. This initiative follows the guidelines of the European Data Act and is designed to help customers switch to alternative cloud providers or on-premises data centers.
Cloud providers usually offer free data ingress into the cloud, but costs associated with data transfer out to the internet (DTO) can be substantial: previously, AWS provided 100 GB per month free egress from AWS regions to the internet as part of the Free Tier, but any data beyond this allocation incurred charges. With the recent announcement, customers now have the option to request free DTO for additional data by contacting support. Upon approval of the request, AWS will issue temporary credits based on the total volume of data stored across AWS services. Sbastien Stormacq, principal developer advocate at AWS, explains:
Its necessary to go through support because you make hundreds of millions of data transfers each day, and we generally do not know if the data transferred out to the internet is a normal part of your business or a one-time transfer as part of a switch to another cloud provider or on-premises.
Under mounting pressure from European regulators, AWS is not the only provider introducing a waiver on DTO charges. Earlier this year, Google introduced a comparable option, while Microsoft announced this week free DTO when leaving Azure. Stormacq adds:
The waiver on data transfer out to the internet charges also follows the direction set by the European Data Act and it is available to all AWS customers around the world and from any AWS region.
Credits apply exclusively to DTO charges associated with moving away from the cloud but there is no requirement to close an account or migrate all hosted workloads to qualify. Furthermore, the waiver does not apply to data out from services like CloudFront, Direct Connect, Snow Family, or Global Accelerator. Gergely Orosz, author of the The Pragmatic Engineer newsletter, comments:
Europe gets a lot of flak for how they regulate more and more of tech (in Europe, of course). Regulation sets new rules, often ones that companies wouldnt follow if not required. AWS just dropped their atrocious egress fees, globally, because of an EU regulation.
Corey Quinn, chief cloud economist at The Duckbill Group, disagrees:
This is almost entirely done for optics; if someone's debating moving a workload off of AWS (this happens less frequently than the tech press would have you believe) they aren't stopping because the egress fee is expensive; it's ~3 months of storing the data in S3. Instead, the fee hurts when customers are doing their usual business and sending traffic to customers, not "when they're leaving the cloud." This change does nothing to fix that core pain, but it may look like it does to regulators if they're not on the ball.
AWS has published a FAQ page with further details on how customers can apply for the waiver. In a separate announcement, AWS explains how it supports the Fair Software Licensing Principles for customers changing provider.
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AWS Waives Egress Fees for Customers Exiting the Cloud - InfoQ.com