Category Archives: Cloud Computing
IU’s cloud computing resource receives $4.9M to expand AI access for research – IU Newsroom
Indiana Universitys Jetsteam2 cloud computing resource will be one of the first of the National Science Foundations advanced computing platforms to support projects enabled by the National Artificial Intelligence Research Resource Pilot program.
As part of this program, the Jetstream2 project will receive nearly $4.9 million to expand the resource. The grant, which was awarded as a supplement to IUs Jetstream2 funding, brings the total award value for the project to nearly $29.4 million.
David Hancock. Photo by Emily Sterneman, Indiana University
The NAIRR Pilot program the result of President Joe Bidens Executive Order on the Safe, Secure and Trustworthy Development and Use of AI aims to provide AI researchers and students access to key AI resources and data. The first 35 projects of the NAIRR Pilot program will be supported with computational time and mark a significant milestone in fostering responsible AI research across the nation.
The NAIRR Pilot, fueled by the need to advance responsible AI research and broaden access to cutting-edge resources needed for AI research, symbolizes a firm stride towards democratizing access to vital AI tools across the talented communities in all corners of our country, NSF Director Sethuraman Panchanathan said. While this is only the first step in our NAIRR efforts, we plan to rapidly expand our partnerships and secure the level of investments needed to realize the NAIRR vision and unlock the full potential of AI for the benefit of humanity and society.
David Hancock, director of advanced cyberinfrastructure at IU, said this pilot program presents a unique opportunity to gain new experiences with researchers and create lasting relationships.
We all benefit and learn from this kind of experience, he said. We hope to provide meaningful resources that positively impact researchers and educators, highlighting the scientific and educational uses of AI and supercomputers down the road.
Since 2016, the Jetstream system has given thousands of U.S. researchers access to a powerful cloud-based environment that complements other NSF systems all from a laptop or tablet allowing them to explore and understand immense amounts of data. Supporting computation, experimentation and teaching, Jetstream has benefited researchers from a wide range of fields by focusing on usability and support.
The Jetstream2 project is led by Research Technologies, a division of University Information Technology Services and a center in the Pervasive Technology Institute at IU.
Jetstream2s primary cloud is at IU Bloomington, with regional clouds at Arizona State University, the Cornell University Center for Advanced Computing, University of Hawaii and the Texas Advanced Computing Center in Austin, Texas. Jetstream2 also has partnerships with the University of Arizona, Johns Hopkins University and University Corporation for Atmospheric Research.
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IU's cloud computing resource receives $4.9M to expand AI access for research - IU Newsroom
Expert criticizes the Israeli gov cloud strategy – Israel News – The Jerusalem Post
The government's project to provide cloud-based services to government offices is being handled in an inefficient way that will lower its security and raise costs, said Yanai Milstein, VP of software at Aman.
Milstein heads global data management company Informatica's Israel operations.
Nimbus Cloud Me is the name of the government's cloud computing services project which aims to provide these services to government bodies. It is a joint project by the Accountant General's office, the country's digital administration, cyber directorate and additional government bodies.
The project has five main parts: supplying cloud service to the government, setting government policy on working with the cloud and founding a Cloud Center of Excellence, providing consulting and mentorship for use of cloud services, economic overview and optimizing services, and providing third-party services.
The project has already seen some success and managed to bring the infrastructure of major companies such as Google and Oracle to Israel, said Milstein.
While every government office is moving its data centers to the cloud, and this process is making progress, there is no unification of this data, which raises costs for the government and lowers security and service quality, said Milstien.
Currently every office maintains their own records, and now, when the data is already being updated is a good time to unify these databases, saving money and creating a better system for users, he explained. The government is not doing this, and each office is maintaining its own records, he said.
When you think about how many citizens there are in Israel, this means a huge amount of duplicated data, said Milstein.
It makes sense that government offices would be reluctant to give up control of their own database, he said, adding that this would mean cutting staff and budgets, as well as having less say over how the database is built.
"If I was managing a ministry's data center I wouldn't give up on it. If today I am managing 50 people, why would I give up on it?" he asked.
"Why would I give up my budget of millions of shekels? I will give up on flying abroad with my suppliers?"
This kind of data management would be unthinkable in the private sector, he added, saying that no chain of multiple companies or factories would allow each branch to keep separated data.
Unifying the data would not only allow offices to downsize teams, saving these costs as well as the cost of maintaining redundant data, it would also enable better cyber protection for the data, which could all be defended as one data set, he said.
Informatica offers data management products including in the fields of data integration, data quality, data security, customer 360, master data management, and many more.
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Expert criticizes the Israeli gov cloud strategy - Israel News - The Jerusalem Post
CMA review reveals conflicting views on UK cloud competition – ITPro
The UK cloud industry is in a state of conflict over competition concerns, according to a review from the CMA, particularly regarding the principles of software licensing and egress fees.
The CMAs review revealed that long-term customers largely lack concern over these issues despite accepting that they may impede their decision to change cloud providers.
With regard to software licensing, for example, Microsoft customers participating in the review stated that they did not generally consider software licensing principles to have affected their decision to go with Azure.
At the same time, however, they expressed a clear general desire to keep everything in their organization within a Microsoft ecosystem.
We were largely a Microsoft shop, so that turned us down the Microsoft journey in terms of the early explorations It snowballed on its own in a way, because it just made it easier to leverage the capability and the platform that a company like ourselves had invested in, one customer said.
Then youre tied into the software agreements. Youre then tied into platforms that are built that consume those software agreements. Then theres a natural and an easier journey to migrate from there into the Azure cloud versus switching over to something else. they added.
Another customer stated that Microsoft made it cheaper to use certain services on Microsofts cloud than if a customer decided to use it in somebody else's cloud.
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This is, in many ways, the crux of the software licensing issue, and critics have publicly expressed concern over the extent to which software licensing artificially inflates costs and prevents competition in the cloud market.
Critics have taken shots at Microsoft over this issue, with Google addressing a letter to the CMA on the topic before AWS pitched in later toward the end of last year.
According to the CMAs review, businesses do understand this connection; theyre just not concerned by it or worried about the extent to which it might affect their choice of cloud provider.
Despite the clear connection between widespread Microsoft usage within an organization and the decision to choose Azure as their public cloud provider, participants generally do not see a direct causal link between their organizations decision to choose Microsoft for its software needs and its decision to choose Azure, the review stated.
At the same time, it stated the participants recognition that it would be very difficult to unpick their organizations reliance on Microsoft from their present-day situation.
In another conflicting conclusion, the review asserted that there was very little appetite among Azure users to review their reliance on Microsoft despite an understanding that there were technical and financial structures inherent in Azure that make the idea of reviewing Azure usage unattractive from a business cost/benefit analysis point of view.
The CMAs review revealed that though UK businesses do not necessarily relish the idea of paying egress fees, they consider them a necessary or inevitable part of their cloud operations.
Attitudes among participants towards egress fees ranged from a necessary evil to a cost of doing business. Few participants considered egress fees to be an unfair practice, the review said.
Participants who had switched or who had pursued multi-cloud strategies considered egress fees a price worth paying to deliver the cloud strategy that makes most sense for their business.
Though there is a less evident sense of conflict here, Mark Boost, CEO of UK-based cloud provider CIVO, told ITPro that this perspective on egress fees is a particularly damning condemnation of the UK cloud market.
In my eyes, the cloud industry is broken if businesses consider high egress fees a price worth paying if they want to achieve their cloud strategy, Boost said.
This shouldnt be an accepted status quo in the cloud space, and it definitely shouldnt be an accepted way to reach a strategy that makes most sense for their business, he added.
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CMA review reveals conflicting views on UK cloud competition - ITPro
Alibaba’s global drive: leveraging AI to accelerate cloud computing growth – The National – The National
Alibaba, the Chinese multinational giant, is driving towards AI to accelerate the growth of cloud computing internationally. The companys current growth paints a promising future, where AI and cloud computing are no longer just buzzwords but integral components of global business operations. With constant innovation and dynamic strategy, Alibaba is set to reshape the landscape of cloud computing and AI.
Alibaba, heralded as Chinas Amazon, has shown ambition marked by its commitment to cloud computing and Artificial Intelligence. The company is focused on expanding its global footprint, moving beyond its home ground of China to mark a presence across international markets. Its unique approach of integrating AI and cloud computing offers transformative solutions across various sectors, from retail to logistics.
Artificial Intelligence is a pivotal catalyst fuelling Alibabas cloud computing expansion. The company is leveraging AI to provide next-generation services that can transform day-to-day business operations. By creating AI-powered solutions, Alibaba is helping a multitude of businesses become more efficient, cost-effective, and innovative. The extent of AIs impact on the cloud can be seen in real-world applications. These state-of-the-art AI solutions revolutionize how businesses collect, process, and utilize data.
The possibilities with AI and cloud computing are virtually endless when implemented correctly. The seamless integration of these two powerful technologies is expected to spark new advancements and innovations that could very well reset the boundaries of what technology can accomplish.
The phenomenon of AI combined with cloud computing is setting new trends on a global scale. Alibabas massive bet on these technologies reflects a bigger picture that AI and cloud computing are not just temporary tech fads, but indeed, the future of global enterprise.
As technology continues to evolve at a breakneck pace, one thing is certain: Alibabas focus on AI and cloud computing is an exciting development. This advancement could lead the way for other tech giants to follow suit and reinforce the position of AI and cloud computing as key drivers of the future digital economy.
Liam Nguyen is a tech enthusiast and writer with a genuine passion for all things related to technology and the web. At the age of 32, Liam has already carved out a niche for himself as a go-to source for insights on emerging tech trends, gadget reviews, and practical advice for navigating the digital age. With a Bachelors degree in Computer Science from a well-known tech university, Liam combines his technical expertise with a clear, accessible writing style.
Starting his career as a software developer, Liam quickly realized that his true calling was in demystifying technology for the masses. He transitioned to tech journalism, where he now serves as a contributor to a popular online technology news platform. In his articles, Liam covers a broad spectrum of topics, from the latest smartphone releases to in-depth guides on cybersecurity, aiming to keep his readers informed and ahead of the curve.
Liams approach to writing is grounded in the belief that technology should empower and connect people. He has a particular interest in open-source projects and the democratization of technology, themes that frequently appear in his work. Liams ability to explain complex technical concepts in an engaging and straightforward manner has endeared him to a diverse audience, from tech aficionados to novices looking to get the most out of their devices.
Aside from his written work, Liam is active in online tech communities, participating in forums and social media discussions. Hes also been known to guest lecture at his alma mater, sharing his journey and inspiring the next generation of tech enthusiasts.
Liams dedication to the tech community and his knack for clear communication make him an influential voice in the tech and web category, always eager to explore how technology can make our lives better and more connected.
Amazon’s AWS In Talks To Invest Billions In Italian Data Center Expansion – TradingView
Amazon.com Inc.s AMZN cloud computing arm, Amazon Web Services (AWS), is negotiating with the Italian government to invest billions of euros to expand its data center operations in the country.
This initiative is part of the tech giants strategy to enhance its cloud services across Europe, as reported by Reuters on Monday.
Discussions are ongoing regarding the scale and location of the investment, with options including expanding AWSs current site in Milan or establishing a new one.
AWS Presence In Europe
AWS initially launched its infrastructure in Italy in 2012, and the company had planned to invest 2 billion euros ($2.2 billion) in the country by 2029.
The planned investments by AWS are expected to contribute 3.7 billion euros to Italys GDP by 2029. AWS's client roster in Italy includes notable names such as luxury carmaker Ferrari N.V. RACE, insurer Assicurazioni Generali SpA ARZGF and energy provider Enel.
On Sunday, Amazons cloud division recently congratulated Ferraris Formula 1 driver Charles Leclerc on social media platform X, following his victory at the Monaco Grand Prix.
Last week, AWS announced a significant investment of 15.7 billion euros ($17 billion) to expand its data centers in Spains Aragon region through to 2033.
This new commitment replaces an earlier plan announced in 2021, which earmarked 2.5 billion euros over 10 years for the country.
Although AWSs investment in Italy is expected to be substantial, it might not reach the magnitude of its investment plans for Spain.
In Germany, AWS has also announced plans to invest 7.8 billion euros through 2040.
Read Now: Amazon To Invest $9B In Singapore Cloud Infrastructure, Doubling Its Current Investment
Photo: Photo For Everything via Shutterstock
2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Amazon's AWS In Talks To Invest Billions In Italian Data Center Expansion - TradingView
Cloud Analytics Market worth $118.5 billion by 2029- Exclusive Report by MarketsandMarkets – PR Newswire
The Cloud Analytics Market is estimated to grow from USD 35.7 billion in 2024 to USD 118.5 billion in 2029, at a CAGR of 27.1% during the forecast period, according to a new report by MarketsandMarkets. Cloud analytics revolutionizes data storage and analysis by harnessing the power of the cloud. By storing and analyzing data in the cloud, businesses can extract actionable insights crucial for both SMEs and large enterprises. This approach facilitates identifying patterns, predicting future outcomes, and gaining valuable insights. Cloud analytics offers an opportunity to consolidate data and convert it into actionable intelligence while reducing procurement and maintenance costs. It involves utilizing both cloud-stored data and the rapid computing power of the cloud for faster analytics. However, with cloud infrastructure, organizations gain access to scalable, secure, and efficient data storage and processing solutions, enabling them to meet the demands of big data and drive innovation.
Browse in-depth TOC on "Cloud Analytics Market"
333 Tables 66 - Figures 342 Pages
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Scope of the Report
Report Metrics
Details
Market size available for years
20192029
Base year considered
2023
Forecast period
20242029
Forecast units
USD Billion
Segments Covered
Offering, Data Type, Data Processing, Vertical, and Region
Geographies covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
Companies covered
IBM (US), SAS Institute (US), Oracle (US), Google (US), Microsoft (US), Teradata (US), Salesforce (US), AWS (US), NetApp (US), Qilk (US), Sisense (US), SAP (Germany), Atos (France), Altair (US), Microstrategy (US), Tibco Software (US), Hexaware Technologies (India), Zoho (India), Rackspace Technology (US), Splunk (US), Cloudera (US), Domo (US), Hewlett Packard Enterprise (US), Incorta (US), Tellius (US), Rapyder (US), Hitachi Vantara (US), Board International (Switzerland), Ridge (Israel), Jaspersoft (US), Yellowfin (Australia), Deonodo (US), GoodData (US), Thoughtspot (US), and Infogain (US)
By offering the services segment to account for higher CAGR during the forecast period
Services segment in the Cloud Analytics Market have experienced remarkable growth in the Cloud Analytics Market, fueled by the increasing adoption of data-driven decision-making across industries. These services offer businesses the capability to analyze vast amounts of data stored in the cloud swiftly and efficiently, enabling them to extract valuable insights for strategic planning, optimization, and innovation. With the scalability and flexibility of cloud infrastructure, analytics services can accommodate diverse data types and analytical workloads, empowering organizations to derive actionable intelligence from their data in real time. As businesses continue to prioritize agility and competitiveness, the demand for cloud analytics services is expected to soar, driving further innovation and expansion in the Cloud Analytics Market landscape.
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By Type, advanced analytics solution is expected to hold the largest market size for the year 2024
The surge in advanced analytics adoption within the Cloud Analytics Market is reshaping the landscape of data-driven decision-making. Organizations across diverse sectors are increasingly turning to advanced analytics solutions hosted on cloud platforms to extract deeper insights from their data. This trend stems from the growing realization that traditional analytics methods are no longer sufficient to cope with the complexities of modern data ecosystems. Advanced analytics, powered by machine learning algorithms, predictive modeling, and AI, offer unparalleled capabilities to uncover hidden patterns, forecast trends, and optimize business processes. By leveraging the scalability, flexibility, and cost-effectiveness of cloud infrastructure, businesses can access powerful analytics tools without the burden of hefty upfront investments in hardware and software. As a result, the Cloud Analytics Market is witnessing rapid expansion, fueled by the transformative potential of advanced analytics in driving innovation, enhancing operational efficiency, and gaining a competitive edge in today's data-driven economy.
By Vertical, Healthcare & Life Sciences is projected to grow at the highest CAGR during the forecast period
The healthcare and life sciences sector is experiencing a transformative shift with the emergence of cloud analytics. This technology integrates vast amounts of data from various sources, including electronic health records, wearable devices, and genomic information, to derive meaningful insights and drive informed decision-making. Cloud analytics offers scalability, flexibility, and cost-effectiveness, enabling organizations to efficiently manage and analyze massive datasets that were previously challenging to handle. By leveraging advanced analytics techniques such as machine learning and predictive modeling, healthcare providers and life sciences companies can enhance patient care, optimize clinical workflows, and accelerate drug discovery processes. Moreover, cloud-based analytics facilitates collaboration among researchers, clinicians, and stakeholders, fostering innovation and driving advancements in personalized medicine and population health management. As the industry continues to embrace digital transformation, cloud analytics stands as a cornerstone for unlocking the full potential of data-driven healthcare and life sciences initiatives.
Asia Pacificis expected to grow at the highest CAGR during the forecast period
The Asia Pacific region is experiencing a significant surge in the adoption of cloud analytics, reshaping how businesses make data-driven decisions. Companies spanning various industries are embracing cloud-based analytics platforms to optimize operations, foster innovation, and gain actionable insights. Additionally, the ubiquitous nature of mobile devices and internet connectivity has heightened the demand for real-time analytics accessible from anywhere. Governments and enterprises recognize the strategic value of harnessing analytics to maintain competitiveness in the global marketplace. Consequently, investments in cloud analytics technologies and talent development are escalating, positioning the Asia Pacific region as a pivotal player in the global cloud analytics landscape.
Top Key Companies in Cloud Analytics Market:
The significant cloud analytics software and service providers include IBM (US), SAS Institute (US), Oracle (US), Google (US), Microsoft (US), Teradata (US), Salesforce (US), AWS (US), NetApp(US), Qilk(US), Sisense (US), SAP (Germany), Atos (France), Altair (US), Microstrategy (US), Tibco Software (US), Hexaware Technologies (India), Zoho (India), Rackspace Technology (US), Splunk (US), Cloudera (US), Domo (US), Hewlett Packard Enterprise (US), Incorta (US), Tellius (US), Rapyder (US), Hitachi Vantara (US), Board International (Switzerland), Ridge (Israel), Jaspersoft (US), Yellowfin (Australia), Deonodo(US), GoodData(US), Thoughtspot (US), and Infogain (US). These companies have used organic and inorganic growth strategies such as product launches, acquisitions, and partnerships to strengthen their position in the Cloud Analytics Market.
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Forging innovation inroads, Oracle translates partner wins to customer success – Channel Asia Singapore
In an age of rapid technological change, delivering valuable solutions to customers in a timely and simplified manner is demanded.
Cognizant of the complex needs of enterprises today, Oracle is seeking to demonstrate its ability to solve customer problems via a partner-first approach with a wide-ranging solutions launch at its annual Oracle CloudWorld.
Speaking to Channel Asia at a pitstop in Singapore, Oracles customer success officer and executive vice president of its Customer Success Services arm, Gary Miller, indicated the need to package an all-round solution stack to help customers derive utmost value.
He proposes that Oracles customer success strategy should provide a seamless experience across all layers of the Oracle stack, including Oracle Cloud Infrastructure (OCI), software-as-a-service (SaaS) and industry applications.
We put Customer Success Services together to help make it easier for customers after they have made the decision to consume the technology, while working with partners as well, and have one team that can help them get the most value, he explained.
Specific to its advancements in the artificial intelligence field, the companys AI strategy has been tactically embedded in every layer of its tech stack, intended to make it easier for customers to start exploring AI capabilities.
With support from partners, Miller believes Oracle can guide customers in leveraging embedded AI for complex problem-solving, citing established use cases such as damaged goods management and real-time visual data analysis. Ultimately, the goal is to enable new automation of processes and value creation.
Echoing the companys strategic vision, Lalit Malik, Oracles group vice president of alliances & channels for Asia Pacific, identified four emerging customer trends which are giving Oracle and its partners an opportunity to meet shifting business priorities.
The first trend is a desire by enterprises to modernise their data platforms. Malik shared strong convictions that Oracle and its partners are uniquely positioned to help their customers manage, transact, analyse, integrate, share, and garner insight from their data.
At the same time, he posits that Oracle is prepared to satisfy the second trend of enterprises investing in AI and application innovation.
Customers can leverage Oracles full AI stack to build intelligent cloud native or low-code apps. They can extend existing applications or create even custom applications, he added.
The third trend he sees is a growing number of customers seeking a data centre exit. Malik noted that Oracle and it partners are assisting customers with migrating both Oracle and non-Oracle workloads, both in the customer or cloud providers data centres.
Lastly, Malik recognised that some organisations are still held back by legacy estate or infrastructure, hence the vendor is working with its partners to upgrade customers on-premise estate to the cloud specifically, tapping on Oracles multi-cloud strategy for modernisation with OCI and database cloud services.
Zooming into the framework for partners to fulfil these customer consumption patterns, Malik provided three focus areas delivering solution innovation, driving business impact and, recalling Oracles vision once again, customer success.
He asserted that the key requirement or approach for Oracle is to co-innovate with partners to deliver an end-to-end customer solution.
Following that, as they bring innovation to market, creating differentiation for customers against their competitors will be a point of collaboration as well.
The focus here is to make the customer have a competitive edge or advantage as they go to market with their products and services leveraging Oracle solutions, Malik added.
We work with partners in handholding customers through their transformation journey to maximise their return on investment with Oracle technology and to achieve better success.
Ascribing the current cloud market as a dynamic one, Miller found that cloud adoption rates within the APAC region are on an upward trend.
From government bodies and large enterprises to smaller businesses, he determined that organisations across the board are seeing the benefits of the cloud, in part, to support AI journeys, with some customers in the region such as in Indonesia and Sri Lanka jumping to the cloud even faster than other mature economies.
Putting a spotlight on multi-cloud, Malik also acknowledged that customers do not want to be tied to a single vendor and he believes that most enterprise customers will come to embrace a multi-cloud strategy.
At Oracle, we truly embrace multi-cloud to allow our enterprise customers to have more options to run their workloads in the cloud in the way that works best for them, he said.
Our Oracle cloud infrastructure provides several products and services to simplify the deployment of multi-cloud solutions that can be delivered by our partners, for example, Oracle Database@Azure. With Oracle Database@Azure, you can run your application or Kubernetes on Azure and you can run Oracle Database on Oracle infrastructure, and its co-located with very low to no latency at all.
However, while there is eagerness on the customer side and a variety of solutions available, some partners still battle with skill shortages that impede them from meeting customer demand.
In light of this, education for partners is top-of-mind for the vendor as Miller, who spearheads Oracle University its platform for training and certification revealed active plans to share IP with partners and collaborating with them to generate an embedded, go-to-market delivery model.
We have a mantra with our partners and customers which is we want to get it right the first time, he shared.
That means they have to be educated and experienced, and we need to have a working model with the customer, the partner and Oracle. In some cases, were all working together towards a common goal which is making the customer successful.
Outside of the ecosystem, Oracle has also invested in early education to prepare the workforce for an evolving technology landscape. For example, this past month, Oracle inked a deal with the Singapore government to train up to 10,000 students and professionals in the latest digital technologies including artificial intelligence (AI), cloud, cybersecurity and data science by 2027.
Malik also agreed that producing value can only happen if partner skill sets are available to deliver the projects and emphasised that Oracle takes partner readiness very seriously.
Asia Pacific is the hub of readiness. If you look at our certifications, we run sales certifications, pre-sale certifications, and implementation, hands-on certifications for partners. We have grown triple digits in our certifications in the last 12 months, he noted.
According to Oracle, the number of people taking up Oracles cloud and SaaS certification has increased by 66 percent, with more than half of its cloud certifications globally coming from APAC. Malik clarified further that a large proportion rests in India and, to some extent, in ASEAN.
By providing what Miller calls a complete ecosystem of solutions and services, Oracle is poised to enable partners to build profitability.
If we focus on customer success and that means not over-complicating or over-customising we can get the optimal solution for the customer the first time and we get the customer to value faster, said Miller.
He explained that with customer success at the centre of everything in Oracles strategy, partners together with Oracle can lead customers to reap value and business benefit earlier which will open up customers capacity to add investments into future projects, thereby stimulating a faster and continuous buying process.
Meanwhile, Malik also touted Oracles unique differentiation that will increase customer confidence and partner profitability. Apart from its solutions, Oracle ensures its partners are trained to deliver customer projects on time or ahead of time. As partners make money on services, they are likely to invest more with Oracle, creating a profit cycle which Malik believes helps partners attain resilience and profitability.
In addition, part of growing customer loyalty and satisfaction is recognising the economic environment that organisations are operating in, where controlling costs is a key factor in todays business decisions.
By providing superior cloud economics and no hidden costs in deploying workloads on OCI, partners can better deliver cloud projects on time and on target while saving costs for the customers, Malik elaborated.
With a wide range of deployment options and multi-cloud offerings, partners are also better able to provide cost-effective solutions to their customers needs and within the budget constraint.
Looking ahead, Miller remains bullish on the prospect of delivering maximum customer success and Malik is, likewise, positive at meeting regional expectations due to APAC being a growth engine.
I think we enjoy a lot of growth in the region and a lot of stability as well. This allows our partners to continue to engage with our customers to deliver cost-effective and innovative solutions, and, leveraging on these innovations and scalability in the cloud, to drive better business efficiency, whilst driving the cost down to keep the cost low and keep the lights on.
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Forging innovation inroads, Oracle translates partner wins to customer success - Channel Asia Singapore
Nvidia’s staggering growth fueled by AI and cloud computing demand – The National – The National
The impressive rise of Nvidia
Nvidia, the leading global tech company, has once again cemented its solid position in the marketplace with a stellar quarterly report. The companys earnings have surpassed Wall Street predictions, driven primarily by soaring sales of its main products: graphics processing units (GPUs) and data centers.
This isnt a fluke Nvidias performance underscores the companys successful strategy to cater to the high demand for GPUs in the gaming market initially, and then successfully identify and capitalise on the potential of the expanding artificial intelligence and cloud computing market. As companies widely adopt machine learning and AI infrastructure, the demand for Nvidias GPU-based data centers has risen sharply, driving strong revenue growth for the company.
The robust economic influence of the tech sector cannot be overstated, and Nvidias performance exemplifies this. As a driving force in the tech industry, corporations like Nvidia shape the sectors direction, resulting in indirect impacts on various other industries. They stimulate and sustain global demand for disruptive technologies, becoming a critical driver of innovation and fuel for economic growth.
Artificial intelligence is rapidly becoming an integral part of business operations across many industries. From finance to healthcare, companies are adopting AI-driven processes that enhance efficiencies and lead to the creation of new, innovative services. As one of the leading manufacturers of AI-related hardware, Nvidia stands at the forefront of this transformation.
AIs adoption is likely to accelerate as more and more businesses unlock its potential. This industry progression and the subsequently increasing demand for AI tools will undoubtedly spur further growth for companies like Nvidia that are prepared to meet this need. Nvidia, with its highly rated data centers and GPUs, has positioned itself skillfully to edge out its competition.
The future of Nvidia remains promising, with AI continuing to represent a significant growth opportunity. As long as this technologys adoption persists at a brisk pace, Nvidia is well-positioned to maintain its growth trajectory.
The companys market leadership has been strengthened by continuous investment in cutting-edge technology and strategic business growth. Their ongoing commitment to AI and related technologies, complemented by a strategic, scalable business model, has and will continue to ensure Nvidias success in the fast-paced tech world.
The role of technology as an engine of global growth cannot be understated. Its far-reaching effects reverberate throughout various sectors, enabling advancements that drive economic progress. Nvidias continued success, propelled by the surge in demand for AI technology and applications, encapsulates this shift well. Their unyielding commitment to this technology, in conjunction with excellent strategy, positions them favorably for continued growth.
James Walker is a business journalist with a knack for uncovering the stories behind the numbers and trends shaping the corporate world. At 43 years old, James brings a fresh perspective to business reporting, backed by a solid foundation with a Masters degree in Business Administration from a well-respected business school. Before stepping into the realm of journalism, James cut his teeth in the finance sector, working as an analyst for a leading investment bank. This experience provided him with an insiders view of the financial mechanisms driving businesses forward, as well as a critical eye for what makes a company thrive or dive.
As a key business writer for an esteemed online news outlet, James covers a broad spectrum of topics, from startup culture and innovation to in-depth analyses of global market trends. His articles are renowned for their clarity, offering readers a window into the complex world of business without the jargon. James has a particular interest in how technology is reshaping business practices and consumer behavior, a theme that recurs in much of his writing.
Jamess approach to business journalism is rooted in the belief that behind every companys story is a lesson about leadership, strategy, and resilience. Through interviews with business leaders and analyses of companies financial health, he seeks to provide his readers with actionable insights and foresight into future trends.
In addition to his written work, James is a regular contributor to business podcasts and webinars, where he discusses the implications of current business news and offers predictions for the future. His engaging delivery and depth of knowledge make him a sought-after commentator on business issues.
Jamess commitment to demystifying the business world for his readers has made him an influential voice in business journalism. He not only informs but also inspires his audience to think critically about the forces shaping our economic landscape, making him a valuable resource for professionals and casual readers alike.
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Nvidia's staggering growth fueled by AI and cloud computing demand - The National - The National
BNP Paribas Financial Markets Has $1.80 Million Position in First Trust Cloud Computing ETF (NASDAQ:SKYY) – Defense World
BNP Paribas Financial Markets lessened its holdings in First Trust Cloud Computing ETF (NASDAQ:SKYY Free Report) by 7.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,546 shares of the companys stock after selling 1,627 shares during the quarter. BNP Paribas Financial Markets owned 0.06% of First Trust Cloud Computing ETF worth $1,801,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of SKYY. International Assets Investment Management LLC boosted its holdings in First Trust Cloud Computing ETF by 8,785.2% in the 4th quarter. International Assets Investment Management LLC now owns 311,870 shares of the companys stock valued at $27,342,000 after purchasing an additional 308,360 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in First Trust Cloud Computing ETF during the fourth quarter worth approximately $5,468,000. Valley Wealth Managers Inc. acquired a new stake in First Trust Cloud Computing ETF during the third quarter worth approximately $3,815,000. Robertson Stephens Wealth Management LLC bought a new position in First Trust Cloud Computing ETF during the 3rd quarter worth $3,737,000. Finally, Good Life Advisors LLC acquired a new position in First Trust Cloud Computing ETF in the 4th quarter valued at $2,788,000.
NASDAQ:SKYY opened at $95.02 on Friday. First Trust Cloud Computing ETF has a fifty-two week low of $68.66 and a fifty-two week high of $97.78. The company has a market cap of $3.07 billion, a price-to-earnings ratio of 33.21 and a beta of 1.06. The stock has a fifty day moving average price of $94.00 and a 200-day moving average price of $90.12.
The First Trust Cloud Computing ETF (SKYY) is an exchange-traded fund that is based on the ISE Cloud Computing index. The fund tracks an index of companies involved in the cloud computing industry. Stocks are modified-equally-weighted capped at 4.5%. SKYY was launched on Jul 5, 2011 and is managed by First Trust.
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GreenOps, FinOps, and the Sustainable Cloud – CDOTrends
The consistent, high-usage profile of data centers may lead us to believe that cloud data centers are markedly more sustainable than private cloud data centers. But data shows that the public cloud now has a more significant carbon footprint than the airline industrya notoriously carbon-intensive segment. A single public data center can consume the same amount of electricity as 50,000 homes. A public data center's annual consumption of 200 terawatts/hour is more than some nation-states' annual consumption. Rising consumer pressure and new E.U. regulatory reporting requirements, such as Germany's Energy Efficiency Act that mandates a 26.5% reduction in carbon emissions from 2008 levels by the year 2030, have opened the door to GreenOps.
GreenOps is the practice of minimizing a cloud environment's carbon footprint through the efficient use of cloud resources. This means far more than just reducing the energy required to power a data center and the water used to cool it. Other factors, such as the data center's physical footprint, type of installed power, size of data volumes, temperature set points in the data center, reuse of secondary heat, and even renewable energy, all contribute to the calculation of CO emissions. By September 2024, the Data Centers in Europe reporting program, a European Energy Efficiency Directive subsidiary, will require European organizations to report onallof these factors.
While Europe is leading the charge, other regulations and initiatives around the world promote more sustainable energy consumption models: the SECs Climate-Related Disclosures/ESG Investing in the U.S., the National Renewable Energy Development Plan in China, the Environmental Impact Assessment (EIA) Regulations, and the National Solar Mission in India, to name but few.
From a high-level perspective, GreenOps looks a lot like FinOps. After all, the two share the same goal: efficient cloud usage. When a company maximizes efficiency, two obvious effects are 1) lower costs and 2) lower carbon emissions. The same FinOps tasks of right-sizing, storage tiering, deleting idle and unattached resources, and scheduling compute off time are also used in GreenOps to achieve lower carbon emissions. Closing outlast years AWS re:Invent, Werner Vogels reinforced this sentiment when he said, "Cost is a close proxy for sustainability"a ringing validation of the tightly integrated relationship between FinOps and GreenOps.
New E.U. regulatory reporting requirements, along with increased consumer and shareholder pressure, will create the case for more efficient and, therefore, more sustainable use of the cloud worldwide. For example, new technologies that use water instead of air to cool data centers have shown up to a 95% reduction in CO. Still, sustainability isnt solely the public cloud providers responsibility. Forrester recommends that companies take the following actions:
These are some of the easier immediate actions that organizations can take to minimize their carbon footprint and maximize the value of their investment in the cloud, but not the only ones.
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GreenOps, FinOps, and the Sustainable Cloud - CDOTrends