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The Future Of Cloud Computing: AI-Powered And Driven By Innovation – Forbes

August 1, 2023 | Author: admin

Jakub Porzycki/NurPhoto via Getty ImagesNurPhoto via Getty Images

Both Microsoft and Alphabet, the parent company of Google, have recently reported their respective Q2 earnings results, showcasing their resilience and growth in the dynamic digital and macroeconomic landscape. Microsoft, a 48-year-old tech behemoth, achieved its highest-ever earning results, fueled by the transformative power of artificial intelligence (AI). Conversely, Google outperformed expectations, bolstered by robust advertising revenue from its Google search business and YouTube platform. I recently had the opportunity to spend time on the Trade Talks show with Jill Malandrino and the TD Ameritrade Network during the same week as these earning announcements. In these interviews, I double-clicked on the growth strategies of Microsoft and Google's cloud businesses to contextualize how they navigate the evolving market and leverage AI to drive innovation.

Microsoft Continues to Show Growth, Despite Slowing in Azure Business Unit

Microsoft's fiscal Q4 earnings demonstrated impressive profits and revenues, exceeding Wall Street's estimates. With earnings of $2.69 per share (up 21%) and revenue of $56.19 billion, the company displayed robust performance across several metrics. The standout factor behind this success was the profound impact of AI across Microsoft's portfolio. By integrating AI into its cloud computing and AI-driven solutions, Microsoft experienced significant growth in its Azure cloud platform, with a remarkable 28% increase.

AI-driven insights provided by Microsoft's solutions have empowered customers to make data-driven decisions, optimizing processes for greater efficiency. Notably, Microsoft's AI-driven applications, including Copilot, have resonated with consumers, enhancing productivity and user experience. Beyond end-user products, Microsoft's AI initiatives extend to the enterprise and industrial sectors, where intelligent systems empower businesses with advanced data analysis and decision-making capabilities.

CEO Satya Nadella, in the recent earnings call, emphasized the potential of AI to drive new workloads, expressing strong confidence in sustained high growth for the business. Despite the dip in Azure revenue growth, Microsoft's topline revenue rose by 8% to $56.2 billion, and net income increased by 20% to $20.1 billion for the quarter. The Productivity and Business Processes segment performed well, with revenues increasing by 10%, while the Intelligent Cloud revenue, led by Azure, grew by 15% to $24 billion.

Google's AI-Fueled Cloud Growth

Alphabet, Google's parent company, reported impressive Q2 earnings, buoyed by robust advertising revenue from its Google search business and YouTube platform. With a consensus estimate beating earnings per share of $1.44 and a revenue increase of 7% to $74.6 billion, Alphabet showcased its ability to adapt and thrive amidst economic challenges.

One of the key contributors to Alphabet's growth was its Google Cloud business, which reported a record operating income of $395 million compared to an operating loss of $590 million in the same quarter last year. Google Cloud Platform has historically lagged behind competitors like AWS and Azure regarding market adoption, but recent numbers indicate a potential change in this trend.

Google CEO Sundar Pichai highlighted that over 70% of generative AI startups depend on Google's cloud infrastructure and AI capabilities, showcasing strong interest in next-gen technology among emerging companies aiming to develop novel services. This growing trend of AI adoption and partnerships with AI-driven startups have positively impacted Google Cloud's Q2 revenue, soaring 28% to $8 billion.

Moreover, Google's integration of generative AI within its products, including Search and productivity tools in Workspace, has enhanced their capabilities and amplified their reach. The strategic investments in generative AI and the continued expansion of its offerings demonstrate Google's commitment to innovation and transformative technology.

Comparative Analysis: AI as a Growth Driver

Both Microsoft and Google are leveraging AI as a driving force behind their cloud businesses, albeit with different approaches. Microsoft's focus on AI-driven solutions across its portfolio has led to significant growth in its Azure cloud platform. The integration of AI has empowered customers to make data-driven decisions, optimizing processes for efficiency and enhancing user experience.

On the other hand, Google has strategically invested in generative AI and fostered partnerships with AI startups, expanding its offerings and driving growth in its cloud business. The integration of generative AI within Google's products has amplified its capabilities, enhancing advertising, search, and productivity tools.

AWS Role in the Market

Any discussion around Azure and Google Cloud Platform has to include Amazon Web Services (AWS). Amazon more widely is making huge investments in AI across its retail business to supercharge the retail experience and streamline supply chain logistics. When you look at the AWS business in isolation the pace of innovation is rapid.

AWS has long been a leader in AI and has a variety of higher-level services as well as custom silicon in Inferentia and Trainium designed to accelerate AI and ML workloads on its cloud service. While these custom silicon approaches are not direct replacements for NVIDIA GPU-based approaches, they do provide options for customers looking to get started quickly with AI projects where adjacency with other AWS services is essential.

AI and ML solutions from AWS are revolutionizing various industries by effectively addressing crucial requirements, offering high accuracy, scalability, cost-effectiveness, and user-friendliness. This enables businesses to enhance decision-making, streamline processes, and provide superior customer experiences. The platform's pre-trained models, automatic hyperparameter tuning, distributed training, and model monitoring contribute to achieving optimal results. Notable applications include fraud detection, customer churn prediction, and product recommendations. During the NYC Summit event, which I attended, AWS reaffirmed its commitment to enhancing its AI portfolio with updates to the Bedrock services. Furthermore, Amazon introduced gen AI capabilities for Amazon Quicksight, its business intelligence service, and provided a preview of a vector engine for the OpenSearch serverless search service. The event also featured the announcement of the general availability of the AWS Entity Resolution service, a significant step towards enhancing data management.

In conclusion, AWS AI and ML solutions offer significant benefits, especially when tightly coupled with other AWS offerings, that significantly enhance business performance, making them a viable choice for organizations seeking to leverage AI and ML technologies and they stack up against offerings from Microsoft and Google favorably.

Looking Ahead

As the digital landscape continues to evolve, both Microsoft and Google's cloud businesses are expected to remain at the forefront of innovation, fueled by the transformative potential of AI. Microsoft's sustained high growth despite Azure's slowing growth trajectory and Google's impressive expansion of generative AI offerings reflect the companies' commitment to harnessing AI's potential fully.

Customer, investors, and analysts will closely watch Microsoft and Google's strategies (and for that matter, Amazons) in the coming quarters as AI becomes more foundational to their performance. As AI adoption continues to grow across industries, these tech giants' ability to capitalize on AI-driven innovations and productize them, will play a crucial role in their future success and continued leadership in the cloud computing space.

I am a Vice President and Practice Leader at Futurum Group with extensive experience at IBM, HPE, and Broadcom. My focus is on conducting research, analyzing market trends, and providing valuable insights to top companies in areas such as digital transformation, disruption, innovation, and hybrid cloud technology deployment. I bridge the gap between technology and human elements, addressing the significant challenges businesses face. My passion lies in helping organizations grow, scale, and adapt in a rapidly changing landscape. I share insights on podcasts and renowned platforms like Forbes and Futurum's Network to equip clients with knowledge and strategies for out-innovating their competition. With deep industry understanding, I empower organizations to navigate the digital era's challenges and leverage emerging technologies for success.

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The Future Of Cloud Computing: AI-Powered And Driven By Innovation - Forbes

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Bitcoin Could Explode 379% if This Indicator Is Correct, According to Crypto Analyst – The Daily Hodl

August 1, 2023 | Author: admin

A popular crypto analyst is predicting a massive move to the upside for Bitcoin (BTC) if one key indicator continues to follow historical data.

The pseudonymous analyst TechDev tells his 416,400 Twitter followers that hes keeping a close watch on global liquidity cycles, which he portrays by pitting the Chinese 10-year bonds (CN10Y) against the US dollar index (DXY).

The analyst further elaborates on global liquidity cycles by setting the metric against the aggregate major central bank balance sheet, which tracks the money-printing activities of reserve banks around the world.

According to a chart shared by TechDev, global liquidity appears to be on the verge of an uptrend as major central banks expand their balance sheets. The chart also shows that Bitcoin appears to closely follow in the footsteps of global liquidity, suggesting that BTC will see rapid price acceleration in the months ahead.

If Bitcoin continues on this track, it looks primed to hit TechDevs logarithmic growth curve (LGC) sometime by or before 2025.

LGCs are designed to estimate Bitcoins long-term highs and lows and ignore short-term volatility.

TechDev says the upper bound of the LGC is likely in the $100,000-$140,000 price range.

But of course thats a very soft approximation based on the specific LGC curve parameters and impulse steepness.

With BTC trading at $29,186 at time of writing, hitting $140,000 would represent a nearly 380% price increase.

The top-ranked crypto asset by market cap is down 0.68% in the past 24 hours but up nearly 0.5% in the past seven days. Bitcoin remains nearly 58% down from its all-time high of more than $69,000, which it hit in November 2021.

TechDev also notes that the three-week altcoin market cap chart is at its tightest compression ever, while Bitcoins Bollinger bands width (BBW) hovers slightly above 0.50, which is a relatively low level.

Traders follow the BBW as the metric could signal an explosive move, regardless of the direction, following a period of low volatility,

According to a chart shared by the analyst, a strong BTC uptrend could ensue as the last three times Bitcoins BBW came close to 0.50, the crypto king unleashed a full-blown bull market.

Generated Image: Midjourney

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Government Cloud Computing Market Size, Status and Business … – University City Review

August 1, 2023 | Author: admin

Market insight reports global Government Cloud Computing market research report uncovers the present picture in global and major regions from the perspective of Major Players, Countries, Product Types, and end industries. This study investigates the leading competitors in the global industry and categorizes the market.

This Government Cloud Computing Market research report pinpoints the competitive landscape of industries to better comprehend competition on a global scale. This analysis study describes the global markets expected growth for the years 2023 to 2029. This study report was compiled based on static and dynamic business views.

Before you buy, click here to get a free sample PDF copy of the latest research on the Government Cloud Computing Market 2023:

https://www.marketinsightsreports.com/reports/073012771369/global-government-cloud-computing-market-growth-trends-and-forecast-2023-to-2028-by-types-by-application-by-regions-and-by-key-players-microsoft-oracle-amazon-web-services-ibm/inquiry?Mode=M18

The Global Government Cloud Computing Markets Leading Players:

Microsoft, Oracle, Amazon Web Services, IBM, Google, Salesforce, Cisco Systems, Dell Technologies, VMware, Verizon, CGI Group and Others.

This study categorizes the global Government Cloud Computing market into the following types:

Infrastructure as a Service (IaaS)

Platform as a Service (PaaS)

Software as a Service (SaaS)

The Global Government Cloud Computing market is divided into the following applications:

Local and State Government

Defense and Military

Important Features that are under Offering and Key Underlines of the Reports:

Detailed overview of the market Changing market dynamics of the industry In-depth market segmentation by Type, Application, etc., Historical, Current, and projected market size in terms of volume and value Recent industry trends and developments Competitive landscape of the Government Cloud Computing Market Strategies of key players and product offerings Potential and niche segments/regions exhibiting promising growth

The Government Cloud Computing Market Regional Analysis:

Geographically, this report is divided into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of the Government Cloud Computing Market in these regions, from 2023 to 2029 (forecast), covering North America (USA, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), and Asia-Pacific (China, Japan, Korea, India, and Southeast).

The Report will Include a Major Chapter

Table of Contents

Market Summary Economic Impact Competition Analysis by Players Production, Revenue (Value) by geographical breakdown Government Cloud Computing Market Size by Type and Application Regional Market Status and Outlook Government Cloud Computing Market Analysis and Outlook Market Forecast by Region, Type, and Application Cost Investigation, Market Dynamics Marketing Strategy comprehension, Distributors and Traders Market Effect Factor Analysis Research Finding/ Conclusion Appendix

Full Report Description, TOC, Table of Figures, Chart, and so on are available at

https://www.marketinsightsreports.com/reports/073012771369/global-government-cloud-computing-market-growth-trends-and-forecast-2023-to-2028-by-types-by-application-by-regions-and-by-key-players-microsoft-oracle-amazon-web-services-ibm?Mode=M18

The following key questions are addressed in the report:

Finally, the Government Cloud Computing Market report is a credible source for obtaining market research that will significantly accelerate your business. The study provides the main location, and economic conditions with the item value, benefit, limit, generation, supply, demand, market development rate, figure, and so on. The Government Cloud Computing The industry research also includes a new project SWOT analysis, speculation attainability analysis, and venture return analysis.

The Combined Effects of High Inflation:

Globally, significant inflation in industrialized economies has resulted in an overall price increase over the last two years. The cumulatively deteriorating general purchasing power is projected to have a considerable influence on developing economies and is regarded asbeneficial in a variety of ways. The study examines the impact of high inflation on the global economys long-term performance. It givesinformation on fiscal policies that measure and mitigate their short-term effects on demand/supply, cash flow, and currency exchange. The Global Government Cloud Computing Market report forecasts strong inflation, considering the influence of cost-push and demand-pull inflation.

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20% free customization. You can add up to five nations of your choice. You can add up to five firms of your choice. Up to 40 hours of customization. One year of post-delivery support beginning on the day of delivery.

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Irfan Tamboli (Head of Sales) Market Insights ReportsPhone: +1704 266 3234 | +91-750-707-8687sales@marketinsightsreports.com | irfan@marketinsightsreports.com

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Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC produces fresh lows at the start of new week – FXStreet

August 1, 2023 | Author: admin

Bitcoin (BTC) price ended its rangebound movement as it slipped nearly 3% between late July 31 and early August 1. The sweep of key lows could trigger a rally in later in the week, but investors need not hold their breath. The aura of this dormancy that penetrated altcoins, including Ethereum (ETH) and Ripple (XRP), could likely end if BTC makes a strong recovery rally to $30,000.

Also Read: Bitcoin teases $29.5K, Ether drops as 'accumulator season' begins

Bitcoin (BTC) price is edging west, with neither bulls nor bears showing the upper hand. The king of crypto is showing signs of diminishing volatility that puts it at a standstill tethered to the 100-day Exponential Moving Average (EMA) at $29,349.

Nevertheless, trending markets can only hold out for so long, and the next move could present soon. With the Relative Strength Index (RSI) lower than 50 and tipping south, and the histograms of the Awesome Oscillators (AO) in the negative, Bitcoin price is more likely to head lower as momentum continues to fall.

Possible inflection points for Bitcoin price are the $28,930 level or in the dire case the 200-day EMA at $28,464 on the 12-hour chart below. Failure to turnaround at these buyer congestion levels could expose BTC to a cliff, potentially toward the $27,000 range.

BTC/USDT 12-hour chart

Conversely, bulls coming in at the aforementioned levels could revitalize Bitcoin price, fueling a breach from the 100-day EMA foothold at $29,349. An increase in buyer momentum beyond the 50-day EMA at $29,646 would be ideal, as a flip of this supplier congestion level into support would clear the path for a possible move to $31,462.

A decisive move past this level would solidify an uptrend for Bitcoin price.

Also Read: Bitcoin hovers below $30,000 as Coinbase CEO recalls SEC's request before the lawsuit

Ethereum (ETH) price is moving in harmony as BTC, consolidating sideways as domination under the 50-day EMA at the $1,870 level continues. As the Bitcoin influence weighs down on ETH, the largest altcoin by market capitalization could be due for a fall as volatility grows.

With the RSI momentum indicator below the 50 level, Ethereum price could lose the immediate support offered by the 100-day EMA at $1,842. A fall through this support level could see ETH revisit the June 21 lows marked by the support confluence between the horizontal line and the 200-day EMA at $1,782. Such a move would constitute a 5% drop from current levels.

ETH/USDT 1-Day chart

Conversely, if bullish momentum builds above the 100-day EMA, Ethereum price could ascend to flip the 50-day EMA back to support. An increase in buyer momentum could push ETH above the $1,953 resistance level, but for a confirmed uptrend, ETH must decisively breach the $2,019 hurdle.

Also Read: Ethereum logs $1M MEV block reward amid Curve Finance exploit

Ripple (XRP) price eyes a 3% drop to collect buy side liquidity that remains uncollected under the $0.684 support level. Such a move could then see XRP turnaround to the north, with the developed price action providing a possible reentry point for willing investors.

However, an uptrend would only be confirmed upon a strong move above the $0.826 resistance level. Notably, both the RSI and AO still favor the bulls, and with the 50-, 100-, and 200-day EMAs at $0.615, $0.556 and $0.506 respectively heading north, the odds favor the bulls.

XRP/USDT 1-Day Chart

Not ignoring the consequences of early profit-taking, there is also a likelihood of Ripple price falling below the $0.684 support and giving back all the ground covered in the July 13 rally.

Also Read: Pro-XRP attorney John Deaton considers XRP ruling the most significant non-fraud SEC enforcement action

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Cloud Computing in Education Market Forecast, 2023-2029: The … – University City Review

August 1, 2023 | Author: admin

Exactitude Consultancy, the market research has completed and published the final copy of the detailed research report on theCloud Computing in Education Market.TheCloud Computing in Education Marketis expected to register a CAGR of over24.03% over the forecast period.

We have recently published a new report, titled Global Cloud Computing in Education Market Research Report 2023. The report has been put together using primary and secondary research methodologies, which offer an accurate and precise understanding of the Cloud Computing in Education market. Analysts have used a top-down and bottom-up approach to evaluate the segments and provide a fair assessment of their impact on the global Cloud Computing in Education market. The report offers an overview of the market, which briefly describes the market condition and the leading segments. It also mentions the top players present in the global Cloud Computing in Education market.

The research report on the global Cloud Computing in Education market includes a SWOT analysis and Porters five forces analysis, which help in providing the precise trajectory of the market. These market measurement tools help in identifying drivers, restraints, weaknesses, Cloud Computing in Education market opportunities, and threats.

https://exactitudeconsultancy.com/reports/15570/cloud-computing-in-education-market/#request-a-sample

A summary of the research work.

Table of Contents The studys depth of coverage

Market participants at the forefront

The research framework of the reports structure

Exactitude Consultancy research methodology

Microsoft Corporation, Ellucian, Amazon Web Services, Adobe System Inc., NEC Corporation, VMware Inc., IBM Corporation, Oracle Corporation, Cisco System Inc., NetApp Inc., Dell EMC, Google Cloud Platform, Salesforce, Baidu Yun, Tencent Cloud

Market Size Value in 2022

Market Size Value in2029

Growth Rate

Forecast Period

What are the Report Highlights?

The Cloud Computing in Education Market analysis report offers a comprehensive overview of the Market and its major growth prospects such as drivers, restraints, challenges, and upcoming opportunities. It also throws light on the current industry trends, major developments, and other interesting insights useful for this market. It further discusses the nature of the market competition, list of players and their key strategies to stay put in the competition. It also describes the table of segmentation and the names of the leading segment with market figures. The report is provided on the company website.

This section of the report provides key insights regarding various regions and the key players operating in each region. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of the particular region/country. The readers will also get their hands on the revenue and sales data of each region and country for the period 2018-2029.

The Cloud Computing in Education market has been segmented into various major geographies, including North America, Europe, Asia-Pacific, South America, Middle East and Africa. Detailed analysis of major countries such as the USA, Germany, the U.K., Italy, France, China, Japan, South Korea, Southeast Asia, and India will be covered within the regional segment. For market estimates, data are going to be provided for 2023 because of the base year, with estimates for 2023 and forecast revenue for 2029.

Segments Covered in the Report

(Note*:We offer report based on sub segments as well. Kindly, let us know if you are interested)

Cloud Computing in Education Market By Service Model, 2020-2029, (USD Billion)

Cloud Computing in Education Market By Deployment Model, 2020-2029, (USD Billion)

Cloud Computing in Education Market By Ownership, 2020-2029, (USD Billion)

Cloud Computing in Education Market By User Type, 2020-2029, (USD Billion)

Cloud Computing in Education Market By Application, 2020-2029, (USD Billion)

What exactly is included in the Report?

Industry Trends and Developments:In this section, the authors of the research discuss the significant trends and developments that are occurring in the Cloud Computing in Education Market place, as well as their expected impact on the overall growth.

Future Prospects:In this portion of the study, Cloud Computing in Education Market participants are presented with information about the prospects that the global industry is likely to supply them with.

Analysis of the industrys size and forecast:The industry analysts have provided information on the size of the industry from both a value and volume standpoint, including historical, present and projected figures.

In-Depth Regional Analysis:Vendors are provided with in-depth information about high-growth regions and their particular countries, allowing them to place their money in more profitable areas.

The Competitive Landscape:This section of the study sheds light on the competitive landscape of the Cloud Computing in Education Market by examining the important strategies implemented by vendors to strengthen their position in the Cloud Computing in Education Market.

Study on Industry Segmentation:This section of the study contains a detailed overview of the important Cloud Computing in Education Market segments, which include product type, application, and vertical, among others.

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Streamline initial research efforts by obtaining information on market growth, size, top competitors, and segmentation within the global Cloud Computing in Education Market.

Determine your companys priorities to maximize business tactics and expand into new markets effectively.

The report gives significant importance to key market characteristics such as volume, revenue, Cloud Computing in Education Market share, concentration rate, supply-demand environment, growth, and obstacles.

Comprehensive discussions on market growth drivers, trend analysis, future scope, government policies, and environmental considerations are included.

The study utilizes critical analytical procedures to achieve the highest level of data accuracy, including secondary research, Porters five analysis, SWOT analysis, qualitative analysis, and market sizing.

Utilize key conclusions and recommendations to gain a better understanding of Cloud Computing in Education Market trends and develop long-term revenue generation strategies.

Capitalize on growth opportunities in established and emerging regions to refine corporate expansion strategies.

Enhance decision-making processes by analyzing global Cloud Computing in Education Market trends, identifying driving and restraining factors, and gaining insights into product strategies, segmentation, and industry verticals.

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Bitcoin Price Prediction 2040: An Analytical Perspective – Southwest Journal

August 1, 2023 | Author: admin

Bitcoin, the first and most prominent cryptocurrency, has been a topic of intense discussion and speculation since its inception in 2009. Its price has seen dramatic rises and falls, and predicting its future value is a complex task that requires careful consideration of various factors.

This article aims to provide a detailed analysis of Bitcoins potential price in 2040, drawing on expert opinions, historical trends, and current market dynamics.

Bitcoins journey from a novel idea to a globally recognized asset has been nothing short of remarkable. In 2021, the value grew from $29,374.15 on January 1st to $46,306.45 on December 31st, managing to surpass the $60,000 mark twice, most notably when it reached its all-time high of $68,789.63 on November 10th that year.

Despite the impressive growth, Bitcoins journey has not been without its share of turbulence. The cryptocurrency fell over 60% in 2022 amid a wider investor sentiment shift. However, the new year brought some grounds for optimism as the token broke through the $25,000 mark to trade at $29,159.90 its highest price in nine months on March 30, 20231.

Maximum supply of 21 million tokens. To reduce the rate at which new bitcoins are issued, the cryptocurrency undergoes halving events roughly every four years.

These events reduce the number of tokens released into circulation by halving their supply, making the token scarcer and potentially raising its value.

Research shows that the value of Bitcoin has enjoyed a bull market lasting between 12 and 15 months after each halving event occurred. The past three halving events that took place in 2012, 2016, and 2020 saw the Bitcoin price surge by 9,915%, 2,949%, and 665% respectively.

Solid cryptocurrency regulation will be required to attract more institutional money into the space and boost the price by 2030. Alex Faliushin, the CoinLoan founder and CEO, believes that when the whole industry becomes more transparent and regulated, new money coming into the market could lead to a sharp price rise.

A number of analysts have pointed out the similarities between gold and Bitcoin, both are viewed as a natural hedge against inflation.

There is a finite amount of both, they usually have relatively low correlations to equities and fixed income, and they act as a store of value outside of traditional systems such as governments or central banks.

Several long-term Bitcoin price predictions have been made. DigitalCoinPrice suggests that could trade at an average price of $305,981.72 in 2030, and it could be worth $571,195.49 in 2032.

PricePrediction is extremely bullish, claiming that the price could rise to $564,433.66 in 2030, growing further still to an eye-watering potential $1,168,666.81 in 2032.

According to an analysis from DigitalCoinPrice based on Bitcoins average yearly rate of return over the past five years, which is approximately 22%, the future price of BTC could potentially reach $1,050,000 by 2040. This would represent an increase of more than 3,480% from its current price of around $29,300.

Its important to note that this projection is quite straightforward and doesnt take into account more complex factors. However, it can serve as a useful starting point for understanding potential future price movements. Ultimately, the performance and its viability as an investment are largely dependent on broader economic and geopolitical factors.

For those interested in customizing these figures to better reflect their personal circumstances or different rates of return, a Bitcoin profit calculator could be a valuable tool.

The most optimistic predictions suggest that BTC could reach the $1 million mark by 2030. ARK Invest analyst Yassine Elmandjra and CoinLoan founder and CEO Alex Faliushin both agree with this bullish outlook.

Using Bitcoins average annual return over the past five years, which is approximately 22%, we can project the potential price of BTC in 2050. Based on these parameters, BTC price could increase to $7,670,000 by 2050, representing a growth of more than 26,070% over the next 27 years.

However, some might argue that a 22% yearly return over nearly three decades is not realistic. Therefore, we also calculated the potential price using the multi-decade return of the S&P 500 stock index, which has returned an annualized average ROI of around 11.88% since its inception in 1957 through the end of 2021. If Bitcoin follows this rate of return, its price could reach $665,000 by 2050.

Several prominent individuals and institutional investors in the cryptocurrency market have also made their own predictions for Bitcoins future price:

BTC, as the pioneer and most trusted blockchain project, has demonstrated its potential to yield substantial returns for investors, particularly with the recent surge in its price. Bitcoins real-world use cases and its position as the future of payments add to its credibility.

More financial institutions are expected to adopt BTC as a payment method in the coming years. Based on these factors, a long-term investment in Bitcoin could be a promising option.

However, its crucial to remember that Bitcoin, like other cryptocurrencies, is subject to high volatility and can experience significant price fluctuations at any time. For savvy investors who are comfortable with taking risks,BTC could be an excellent choice. Cryptocurrencies are currently among the most lucrative assets, but they are also among the riskiest.

Therefore, before making any investment decisions, its essential to conduct thorough risk management. Always ensure that you fully understand the potential risks and are prepared to handle the possible outcomes. As with any investment, its advisable to diversify your portfolio to mitigate risks.

The worlds first and most prominent cryptocurrency, has experienced significant volatility in its price. In November 2022, Bitcoins price hit a two-year low amidst broader turbulence in the cryptocurrency markets following the collapse of the FTX crypto exchange. While Bitcoin has managed to recover some of its losses in 2023, it remains far from its record price set less than 18 months ago.

Laith Khalaf, AJ Bells head of investment analysis, noted that BTC investors have seen the highest returns among other assets over the past ten years. An investment of 1,000 in 2013 would have grown to over 1.6 million today.

However, he also pointed out that the number of investors who have captured the full ten-year return is likely very small due to the extreme volatility and the challenges of holding onto the investment through multiple price fluctuations.

Viktor Prokopenya, founder of VP Capital, also highlighted that the cryptocurrency markets reward patient investors who can withstand the inherent market volatility. He cited the example of Bitcoins value falling from $20,000 to $3,000 in 2017 and noted that seasoned investors understand that the market will bounce back despite periods of instability.

Following the collapse of Terras LUNA crypto and its UST stablecoin in May 2022, which led to a fall in Bitcoins price, Mike Novogratz, CEO of Galaxy Digital, commented that volatility is likely to continue and the macro situation will remain challenging.

Each Bitcoin is basically a computer file which is stored in a digital wallet app on a smartphone or computer. People can send Bitcoins (or part of one) to your digital wallet, and you can send Bitcoins to other people. Every single transaction is recorded in a public list called the blockchain.

You can buy Bitcoins using real money. You can sell things and let people pay you with Bitcoins. Or they can be created using a computer.

They are valuable because people are willing to exchange them for real goods and services, and even cash. Some people like the fact that Bitcoin is not controlled by the government or banks.

Its legal to use in most countries, but some countries have banned it. Its also important to know that Bitcoin is often used for illegal activities, such as buying and selling illegal goods on the dark web.

The price of Bitcoin is determined by supply and demand. When demand for bitcoins increases, the price increases, and when demand falls, the price falls.

Bitcoin mining is the process by which new bitcoins are entered into circulation. It also serves to secure the network in which it operates by verifying transactions to the rest of the network.

Yes, it can be converted to cash in a few different ways. You can sell Bitcoin on a cryptocurrency exchange like Coinbase or Kraken. The cash will be deposited directly into your bank account.

Predicting the future price of Bitcoin is a complex task that requires a deep understanding of various factors. While the potential for growth is significant, its important to remember that the cryptocurrency market is highly volatile and unpredictable.

As such, these predictions should be taken with a grain of salt, and potential investors should always conduct their own research and exercise caution.

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Bitcoin Price Prediction 2040: An Analytical Perspective - Southwest Journal

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Global Cloud Computing IaaS In Life Science Market Size and … – University City Review

August 1, 2023 | Author: admin

New Jersey, United States The report on the Global Cloud Computing IaaS In Life Science Market provides a comprehensive and accurate overview of the industry, considering various factors like competition, regional growth, segmentation, and market size in terms of value and volume. It serves as an exceptional research study, offering the latest insights into critical aspects of the Global Cloud Computing IaaS In Life Science market. The report includes market forecasts concerning size, production, revenue, consumption, CAGR, gross margin, price, and other key factors. To ensure reliability, industry-best primary and secondary research methodologies and tools have been employed in its preparation. It encompasses several research studies, such as manufacturing cost analysis, absolute dollar opportunity, pricing analysis, company profiling, production and consumption analysis, and market dynamics.

A crucial aspect for every key player is understanding the competitive landscape. The report sheds light on the competitive scenario of the Global Cloud Computing IaaS In Life Science market, providing insights into competition at both domestic and global levels. Market experts have outlined key aspects of each leading player in the Global Cloud Computing IaaS In Life Science market, including areas of operation, production, and product portfolio. Additionally, the companies in the report are analyzed based on key factors such as company size, market share, market growth, revenue, production volume, and profits.

Cloud Computing IaaS in Life Science Market was valued at USD 2210.8 Million in 2019 and is projected to reach USD 14306.45 Million by 2027, growing at a CAGR of 32.7% from 2020 to 2027.

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Leading 10 Companies in the Global Cloud Computing IaaS In Life Science Market Research Report:

Cleardata Networks Dell Inc., Global Net Access (GNAX), Carecloud Corporation, Vmware Carestream Health IBM Corporation, Iron Mountain Athenahealth, Inc. and Oracle Corporation.

Global Cloud Computing IaaS In Life ScienceMarket Segmentation:

Cloud Computing IaaS In Life Science Market, By Component

Software Hardware Services

Cloud Computing IaaS In Life Science Market, By Application

Nonclinical Information Systems (NCIS) Clinical Information Systems

Cloud Computing IaaS In Life Science Market, By Deployment Model

Private Cloud Public Cloud Hybrid Cloud

The report comes out as an accurate and highly detailed resource for gaining significant insights into the growth of different product and application segments of the Global Cloud Computing IaaS In Life Science market. Each segment covered in the report is exhaustively researched about on the basis of market share, growth potential, drivers, and other crucial factors. The segmental analysis provided in the report will help market players to know when and where to invest in the Global Cloud Computing IaaS In Life Science market. Moreover, it will help them to identify key growth pockets of the Global Cloud Computing IaaS In Life Science market.

The geographical analysis of the Global Cloud Computing IaaS In Life Science market provided in the report is just the right tool that competitors can use to discover untapped sales and business expansion opportunities in different regions and countries. Each regional and country-wise Global Cloud Computing IaaS In Life Science market considered for research and analysis has been thoroughly studied based on market share, future growth potential, CAGR, market size, and other important parameters. Every regional market has a different trend or not all regional markets are impacted by the same trend. Taking this into consideration, the analysts authoring the report have provided an exhaustive analysis of specific trends of each regional Global Cloud Computing IaaS In Life Science market.

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(1) A complete section of the Global Cloud Computing IaaS In Life Science market report is dedicated for market dynamics, which include influence factors, market drivers, challenges, opportunities, and trends.

(2) Another broad section of the research study is reserved for regional analysis of the Global Cloud Computing IaaS In Life Science market where important regions and countries are assessed for their growth potential, consumption, market share, and other vital factors indicating their market growth.

(3) Players can use the competitive analysis provided in the report to build new strategies or fine-tune their existing ones to rise above market challenges and increase their share of the Global Cloud Computing IaaS In Life Science market.

(4) The report also discusses competitive situation and trends and sheds light on company expansions and merger and acquisition taking place in the Global Cloud Computing IaaS In Life Science market. Moreover, it brings to light the market concentration rate and market shares of top three and five players.

(5) Readers are provided with findings and conclusion of the research study provided in the Global Cloud Computing IaaS In Life Science Market report.

Key Questions Answered in the Report:

(1) What are the growth opportunities for the new entrants in the Global Cloud Computing IaaS In Life Science industry?

(2) Who are the leading players functioning in the Global Cloud Computing IaaS In Life Science marketplace?

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(4) What is the competitive situation in the Global Cloud Computing IaaS In Life Science market?

(5) What are the emerging trends that may influence the Global Cloud Computing IaaS In Life Science market growth?

(6) Which product type segment will exhibit high CAGR in future?

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What is the Relationship Between IoT and Cloud Computing? – Analytics Insight

August 1, 2023 | Author: admin

Cloud computing and the Internet of Things are now interconnected. Lets find out how

Internet of Things (IoT) describes a network of electronically interconnected physical things. The term thing in the Internet of Things can refer to a human or any object with an IP address. Users of cloud computing can pay for services as they use them.

The cloud service provider provides the whole infrastructure as well as upkeep-related responsibilities. The cloud service provider provides resources, including databases, runtime, queueing, and object storage. This service delivers all the required configurations and infrastructure, provided IaaS is in place for the platform, and infrastructure, making it the most convenient. Cloud computing is one element that helps the Internet of Things succeed. Thanks to cloud computing, users can complete computer activities utilizing services made available through the Internet.

The Internet of Things and cloud computing are now interconnected thanks to the utilization of both technologies, acting as a catalyst. These are genuine future technologies that will have several advantages. The benefits of integrating these services include:

Remembering that good cloud architecture is essential for ensuring dependability, security, economy, and performance optimization is crucial. A safe environment and agile development are produced using well-designed CI/CD pipelines, organized services, and sandboxed environments.

In combination with the Internet of Things, cloud computing helps increase routine jobs effectiveness. Cloud computing aims to provide data a way to go where it needs to go, yet the Internet of Things creates a ton of data. Thus, cloud computings function in the Internet of Things pools resources to store IoT data and make it accessible when needed. Its crucial to remember that using cloud computing makes it simple to send huge data packets produced by the IoT across the Internet. Many businesses are becoming aware of the advantages of hybrid cloud adoption and the necessity to adopt it. For a very long time, cloud computing will keep creating new possibilities for IoT.

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What is the Relationship Between IoT and Cloud Computing? - Analytics Insight

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Ally builds single sign-on for customers, pushes further into the cloud – Yahoo Finance

August 1, 2023 | Author: admin

Its One Ally strategy is meant to help the bank with personalization and cross-selling. Credit: Tiffany Hagler-Geard/Bloomberg

Ally Financial has almost completed a key phase of One Ally, a set of strategies and goals that the company teased as far back as its Investor Day in 2016.

One Ally involves amassing all business lines and customer data on one platform as the company strives to deliver "experiences" rather than "products." By the end of 2023, Ally customers will have a single sign-on for all product lines, from checking to auto loans to investments. Moreover, by consolidating all customer data from all business lines in one place, the company will be able to build and refine models that personalize interactions and better cross-sell products to existing customers.

This goal reflects the ideal for many online-only banks, said Michael Miller, an equity analyst at Morningstar.

"A lot of these digital banks are trying to build multiproduct lines," he said, but true multiproduct online-only banks are rare.

Although the core of Ally's business is auto loans, said Miller, the company has pushed into other lines, for instance with its acquisition of credit card issuer Fair Square Financial in 2021.

Sathish Muthukrishnan, chief information, data and digital officer at the $197 billion-asset bank, spoke about One Ally on a panel at American Banker's Digital Banking conference in June.

"We have a full suite of products that have grown organically. We've reached a point in time where we have to bring all of the customers and products together," he said. "One Ally is a journey we are embarking on where we want to move from a product company to an experience company. Customers are not going to shop for an auto loan. They are not shopping for a home mortgage. They are looking for a house to create memories and raise their family, they are looking for transportation. They are looking to save money and grow their wealth."

One Ally dovetails with the Detroit bank's broader cloud computing strategy; the company is moving all applications to private and public clouds, including AWS and Microsoft Azure. Momentum around cloud computing in banking has been building for several years. Cloud computing was on the list of the top five 2023 spending priorities for more than 40% of U.S. bank executives who responded to an Arizent/American Banker survey released at the end of 2022.

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"[One Ally] requires a ton of work in technology that includes getting rid of our older technology and making sure we modernize our network, building up our cloud infrastructure and bringing all of the data together," said Muthukrishnan at Digital Banking.

This makes sense to Miller.

"With indirect lending you're not really developing a deep pool of data on the customer. Ultimately when they pay off the loan, they're gone," said Miller. "With the deposit and investing relationships, and maybe credit cards and personal loans, you're developing a much broader pool of data and there is a lot more value in being able to store and access data effectively and utilize it in different product lines. The cloud transition is a lot more relevant to some of these business lines Ally has been expanding into."

So far, all Ally product lines except auto loans are available through a single sign-on and a unified technology platform; the company is working on adding auto to the mix by the end of 2023. By centralizing customer data on this one platform, the company will gain better context around customer interactions, transactions and communication to detect preferences.

One goal is to better personalize interactions by building models using artificial intelligence and machine learning, which will help Ally refine the way it cross-sells or surfaces products for customers, highlights a high deposit rate or sends relevant push notifications. Another is to enhance customization options, for instance letting customers choose which accounts are visible upon login and in which order. This will improve upon current customization functionality, which Ally calls Snapshot.

These personalization and cross-selling efforts are already underway. More than 85% of investing customers and almost 70% of mortgage customers started as deposit customers. Ally has also created one-click account opening for deposit customers to open additional deposit accounts.

But consolidating customer data in one place "is not easy without doing the heavy lifting of modernizing the infrastructure and network," said Muthukrishnan in an interview. "With one single platform that supports multiple businesses, I now have a higher bar for availability, resiliency and recovery. This platform cannot afford to be taken down for maintenance. It needs to be able to handle the volume that comes through multiple businesses."

Ally finished building an internal cloud in 2020, so engineers could rewrite their applications to run well on the cloud and run confidential applications. In parallel, Ally started adopting public cloud technology through AWS and other third-party vendors.

"Cloud has become critical for us in our ability to always be available for our customers," said Muthukrishnan.

More than two-thirds of Ally applications are now cloud-enabled, running either on the internal or external cloud. The goal is for all applications to be cloud-enabled by 2025.

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Ally builds single sign-on for customers, pushes further into the cloud - Yahoo Finance

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Robert F. Kennedy Jr: Bitcoin Energy Concerns Should Not Be Used as ‘Smokescreen’ to Limit Freedom – Decrypt

August 1, 2023 | Author: admin

U.S. Democratic presidential candidate Robert F. Kennedy Jr. has again jumped to defend Bitcoin, endorsing arguments that the environmental impact of the worlds largest cryptocurrency isn't nearly as dangerous as it's reported.

Commenting on Sangha Systems director Daniel Feldmans recent Twitter thread describing how a symbiotic relationship between Bitcoin mining and the energy produced from renewable sources solves problems and makes the other better, RFK Jr. called it an interesting argument.

Sangha Systems is a multi-pronged firm that's launched a Bitcoin mining firm in Illinois called 82 River North and reportedly operates the "resilience token" in collaboration with Aon Insurance.

At the very least, environmental argument should not be used as smokescreen to curtail freedom to transact, he added.

Reciting a catalog of alleged advantages Bitcoin mining brings to the economy, Feldman emphasized that, contrary to popular media narratives, it is a solution to improve the electric grid and lessen reliance on fossil fuels.

The problem, he wrote, is that most renewable energy sites are not profitable without government subsidies.

Feldman further argues that the usual terms of climate debate must turn away from polarization and towards innovation, which is especially relevant in circumstances when green energy investor focus is often not energy sales, but is instead the contrived / creative financial engineering involved in maximizing tax credits.

The flow of these tax credits are controlled by the large banks that get bailed out in times of financial crisis, the very same banks Bitcoin will free us from, said Feldman, adding that Bitcoin mining creates a global market for electricity that will encourage investment into renewable energy projects with a new revenue frontier.

While Kennedys chances of winning the Democratic party's nomination are relatively low, with bookmakers putting his odds earlier this month at around 11%, he's nonetheless drawn the support of many Bitcoin maximalists in recent months.

The 69-year-old politician praised Bitcoin during a keynote address at Bitcoin 2023 in Miami in May, saying it was the Canadian governments move to clamp down on truck drivers protesting COVID-19 restrictions at the beginning of 2022 by freezing bank accounts that helped him understand Bitcoins value.

Kennedy also said that supporting Bitcoin is both an exercise and a guarantee of civil liberties hes committed to protecting.

He later slammed central bank digital currencies (CBDCs), calling them "instruments of control and oppression that are certain to be abused.

Last week, Kennedy revealed he even bought a total of 14 Bitcointwo for each of his seven children.

In recent years, the environmental impact of Bitcoin has been a subject of significant debate and concern, mainly due to the fact that Bitcoin mining, the process through which new coins are created and transactions are verified, heavily relies on energy-intensive computational power.

Additionally, there have been ongoing discussions about implementing more energy-efficient consensus mechanisms to reduce the environmental impact of Bitcoin mining.

One such organization urging Bitcoin-friendly financial services companies to switch to what it calls a cleaner protocol, is Greenpeace USA, however, as Daniel Batten, the co-founder of an ESG focused-fund manager CH4 Capital, recently stated, many of the facts and figures used by the non-profit to demonstrate Bitcoins environmental harm are misleading, if not outright false.

According to data from Cambridge University, global Bitcoin mining operations currently use an estimated 137 TW/h (terawatt hours) per year, which is slightly more than the entire country of Ukraine with 134 TW/h.

To address these concerns, some initiatives have emerged to promote sustainable mining practices and the use of renewable energy sources for Bitcoin mining.

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Robert F. Kennedy Jr: Bitcoin Energy Concerns Should Not Be Used as 'Smokescreen' to Limit Freedom - Decrypt

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