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KPMG to invest $2bn in AI and cloud services with Microsoft – DatacenterDynamics

Major accounting firm KPMG is planning to invest $2 billion in artificial intelligence (AI) and cloud services over the next five years with Microsoft.

The Big Four accounting firm is expanding its relationship with Microsoft globally, and expects that this investment could bring in up to $12 billion in revenue over the next half-decade.

That amount would represent about seven percent of the company's annual global revenue, which last year reached $34.64bn.

By investing more in AI and cloud computing, KPMG will be able to automate things like its tax, audit, and consulting services, as well as help employees provide faster analysis. The company will use Microsoft 365 Copilot, an AI assistant not yet available to the public, as well as continuing to use OpenAi via the Azure cloud platform.

It is additionally hoped that through the use of AI, KPMG will be able to simplify its ESG reporting by analyzing transactions in a more efficient way.

Microsoft CEO Satya Nadella said: Whether its ESG reporting or audit, all of these things are going to be fundamentally transformed because the core processes of those knowledge workflows are going to be accelerated using this AI technology.

Bill Thomas, KPMG global chair and CEO, does not think that the investment will see people replaced with AI.

I certainly dont expect that well lay off a lot of people because weve invested in this partnership, Thomas said. I would expect that our organization will continue to grow and we will reskill people to the extent possible and, frankly, create all sorts of opportunities in ways that we cant even imagine yet.

Despite this, KPMG has laid off a significant number of employees. The company has an overall workforce of around 265,000, and in June laid off around 2,000 employees just four months after another 700 lost their jobs.

This is not the company's first major investment in tech. In 2019, KPMG invest $5bn in general technology, 20 percent of which went directly to Microsoft, with the rest dedicated to moving to the cloud among other things.

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The Role of Cloud Computing in Optimizing Meat Packing Plant … – EnergyPortal.eu

Exploring the Impact of Cloud Computing on Efficiency and Optimization of Effluent Treatment in Meat Packing Plants

Cloud computing has been making waves in various industries for its potential to enhance efficiency and productivity. One such industry where this technology is making a significant impact is the meat packing sector, particularly in the area of effluent treatment.

Effluent treatment, the process of treating waste water and making it suitable for reuse or safe disposal, is a crucial aspect of meat packing plants. These plants generate a significant amount of waste water that contains various contaminants, including blood, fat, and other organic materials. If not properly treated, this effluent can have a severe impact on the environment.

Traditionally, effluent treatment in meat packing plants has been a labor-intensive and time-consuming process. It requires constant monitoring and adjustment to ensure that the treatment process is effective and that the treated water meets regulatory standards. However, with the advent of cloud computing, this process is being revolutionized.

Cloud computing allows for real-time monitoring and control of the effluent treatment process. Sensors placed throughout the treatment system can continuously collect data on various parameters, such as pH, temperature, and concentration of contaminants. This data is then sent to the cloud, where it can be accessed and analyzed from anywhere, at any time.

The real power of cloud computing lies in its ability to analyze this data and provide actionable insights. Advanced algorithms can identify patterns and trends in the data, predict potential issues before they occur, and suggest adjustments to optimize the treatment process. This not only improves the efficiency of the treatment process but also reduces the risk of non-compliance with environmental regulations.

Moreover, cloud computing enables meat packing plants to automate many aspects of the effluent treatment process. For instance, based on the data analysis, the system can automatically adjust the pH or temperature of the treatment process, reducing the need for manual intervention. This not only saves time and labor but also improves the accuracy and consistency of the treatment process.

In addition to improving the efficiency and effectiveness of the effluent treatment process, cloud computing also offers significant cost savings. By optimizing the treatment process, plants can reduce the amount of chemicals and energy used, leading to substantial cost savings. Furthermore, the automation of the process reduces labor costs and the risk of human error, further enhancing cost-efficiency.

The use of cloud computing in effluent treatment also contributes to sustainability efforts. By optimizing the treatment process, plants can reduce their environmental impact by ensuring that the treated water is safe for disposal or reuse. This not only helps to protect the environment but also enhances the sustainability image of the meat packing industry.

In conclusion, cloud computing is playing a pivotal role in optimizing effluent treatment in meat packing plants. By enabling real-time monitoring, data analysis, automation, and optimization of the treatment process, this technology is enhancing efficiency, reducing costs, and contributing to sustainability efforts. As the meat packing industry continues to embrace this technology, we can expect to see further improvements in the efficiency and effectiveness of effluent treatment.

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FDIC Office of Inspector General Cites Gaps in Cloud Migration … – Executive Gov

The Federal Deposit Insurance Corporations Office of Inspector General recently revealed that the agency had implemented effective cloud migration strategies and governance processes, but stated that improvements are needed in some areas of its cloud operations.

In a new report published Wednesday, the FDIC OIG said that the organization did not adhere to cloud computing standards recommended by the National Institute of Standards and Technology and the Office of Management and Budget such as creating a well-sorted inventory of its cloud data assets.

The FDIC did not establish an exit strategy to address issues if it needs to terminate a contract with a cloud service provider and did not develop contract management plans for 17 cloud contracts totaling over $546 million, according to the report.

Moreover, the agency did not create strategies to dispose of or decommission its legacy systems.

The FDIC expects to migrate most of its mission-essential and mission-critical systems to the cloud by 2024.

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IPOPHL to adopt Cloud computing strategies for IP registration … – BusinessMirror

The Intellectual Property Office of the Philippines (IPOPHL) announced it would adopt Cloud computing strategies for intellectual property (IP) registration services to improve internal processes and efficiencies in data management.

IPOPHL Director General Rowel S. Barba said at a side event at the World Intellectual Property Organizations (WIPO) 64th General Assemblies where the IP offices of Norway and Uganda also discussed their respective digital transformation initiatives, IPOPHL said.

Moreover, the agency said Barba shared IPOPHLs experiences in using the current version of the IP Administration System, its limitations, pain points, and his wish list for the new IPAS 4.0 implementation.

According to IPOPHL, the IPAS is a software developed and owned by WIPO and is offered to IP offices under collaborative arrangements for its provision, hosting and maintenance.

The software, it noted, enables the electronic processing of IP registration documents and is customizable to adopt internal workflows that reflect an offices rules and procedures.

The most recent release known as IPAS version 4.0 will be exclusively hosted in an Amazon Web Services (AWS) based in the EU, IPOPHL said.

Meanwhile, an earlier version, the IPAS 3.x was installed in IPOPHL in the early days of 2012 and is now showing its age. Barba reiterated that upgrading to IPAS 4.0, though very challenging, is the most logical choice for IPOPHL.

We know that the majority of the features previously missing in IPAS 3.x now come built-in as part of the IPAS 4.0 package. It is also expected to include workflow fixes that had resulted in downtimes in the old version, Barba said.

Barba revealed that WIPO has already committed to exploring how it can best support IPOPHLs new requirements as the latter transitions to the latest IPAS version. WIPO has already given IPOPHL access to navigate the IPAS 4 test version by end-July, allowing the office more time to prepare for the transition.

We are truly grateful to WIPO for its valuable technical assistance. We hope to engage with them soon to have a deeper exchange on the level of support we will need to implement IPAS 4. We want to transition smoothly and sustain it at minimal costs and disruption as we move toward greater ICT ambitions in the long term, Barba added.

Last week, the IPOPHL chief told reporters that one of the vital amendments that IPOPHL wishes to see in the Intellectual Property code is the modernization of the intellectual property system.

Its modernizing our IP system kasi nga kalakaran na sa mundo ngayon, puro tech na so gusto natin makasabay sa ibat ibang mga IP offices sa ibat ibang countries para ma-modernize natin yung system natin dito, Barba said last week.

He also noted, Right now, were proud na I think IPOPHL is one of the government agencies na online. Sa lahat ng mga filings namin ngayon dito, payment, 100 percent.

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Hybrid Cloud Computing Market Demand and Competitive Analysis … – Digital Journal

PRESS RELEASE

Published July 24, 2023

The Hybrid Cloud Computing Market is anticipated to reach USD 348.53 billion by 2030, increasing at a CAGR of 21.91% over the forecast period (2023-2030). The market size is anticipated to be USD 129.43 billion in 2023. There has been a significant movement towards hybrid infrastructure services, as seen by the expansion of cloud and industrialised services and the loss of conventional data centre outsourcing (DCO). In contrast, expenditure on colocation and hosting as well as an increase in infrastructure utility services are all contributing to the decline of the traditional DCO industry. This is anticipated to fuel the transition to cloud hosting and IaaS. Due to its advantages, the hybrid cloud deployment is taking up an ever-growing portion of the cloud industry.

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By employing private clouds for vital and sensitive data and public clouds for non-sensitive tasks, hybrid cloud solutions enable enterprises to save expenses. For enterprises with varying workloads, the flexibility to easily scale resources up or down in response to changing needs is provided by the hybrid architecture. While non-sensitive data can be hosted on the public cloud to save money, sensitive data can be retained on the private cloud to preserve better levels of control and compliance.

Vendor Landscape:

Equinix Inc., Hewlett-Packard, VMware Inc., Oracle Corporation, Citrix Systems Inc., Rackspace Inc., IBM Corporation, Microsoft Corporation, Cisco Systems, Amazon Web Services Inc.

Total Market by Segment:

Global Hybrid Cloud Computing Market Segment Percentages By Type

Platform as a Service (PaaS)

Software as a Service (SaaS)

Infrastructure as a Service (IaaS)

Global Hybrid Cloud Computing Market Segment Percentages by Application

Small and Medium Enterprises (SMEs)

Large Enterprise

Hybrid Cloud Computing Market Regional Analysis:

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Spain etc.)

Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)

South America (Brazil, Argentina and Colombia etc.)

Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)

Due to a strong technological environment, digitalization aspirations, and the presence of major cloud service providers, the area was an early user of hybrid cloud solutions. Due to data protection laws and the demand for adaptable and secure solutions, European firms have demonstrated a major interest in using hybrid clouds. Countries like China, India, and Singapore are leading the way in this region's increasing adoption of hybrid clouds. This expansion is facilitated by expanding economies, an increase in digitization, and the existence of tech-savvy businesses.

Impact Of COVID 19 On Global Hybrid Cloud Computing Market

During the pandemic, there was a dramatic shift towards remote work, which caused a spike in demand for cloud services, particularly hybrid cloud solutions. To properly serve remote workforces, businesses required safe, adaptable infrastructure. In order to adjust to the shifting market conditions, several organisations increased their digital transformation initiatives. As a result, more people are using cloud services, including hybrid cloud options.

Some companies were compelled to delay or scale down IT investments, including cloud adoption initiatives, due to the pandemic's negative economic effects. Hybrid cloud infrastructure rollout was hampered by data centre closures in some locations and interruptions to the hardware supply chain.

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Frequently Asked Questions about Hybrid Cloud Computing market:

What recent changes have there been in the government's policies?

What are the key trends in the market for Hybrid Cloud Computing?

What is the market's growth rate?

Which market category has the greatest potential?

Who are the major market participants for Hybrid Cloud Computing Market?

Which area would see the greatest development for market vendors?

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The hybrid cloud helps organisations to progressively modernise their IT infrastructure as they embrace digital transformation without experiencing major interruptions. Businesses have adopted hybrid cloud solutions to manage and handle the huge amounts of data that have been generated from a variety of sources.

Table of Contents Major Key Points

4.1. COVID-19 Impact Analysis

4.2. Impact of Ukraine- Russia war

4.3. Impact of ongoing Recession on Major Economies

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The Importance of Cloud Connectivity in Modern IT Strategies – Fagen wasanni

Cloud computing has become an essential part of modern IT deployments, offering operational streamlining, scalability, and innovation across industries. The growth of cloud computing has led to a booming industry, with worldwide public cloud end-user spending projected to reach nearly US$600 billion by 2023.

While businesses of all sizes are turning to the cloud, only a few have adopted a cloud-only approach. Many organizations have embraced hybrid cloud deployments, combining the scalability of the cloud with the control and stability of on-premises systems. Others have opted for multi-cloud strategies, leveraging different cloud platforms to create unique IT stacks or complement their existing infrastructure.

The preference for hybrid or multi-cloud approaches arises from the challenge of finding a single cloud provider that meets all the diverse needs of an organization. Concerns about platform lock-in and mitigating the impact of cloud outages further drive these multi-cloud strategies.

Regardless of the approach taken, inter-cloud connectivity has become a vital consideration. Businesses now require new capabilities to control, secure, and manage data as it moves across private and public cloud resources, data centers, and corporate networks.

Effective networking is also critical for cutting-edge AI and data analytics deployments. The cloud is particularly well-suited for analytics and AI workloads, offering data storage and management capabilities, cost-effective processing power through GPU rentals, integration and interoperability options, and access to data ecosystems.

To ensure dependable access to the cloud, private connectivity is often leveraged to bypass the limitations and inconsistency of the public internet. Working with trusted cloud connectivity providers allows enterprises to connect their private networks to cloud service providers, ensuring enhanced security and reliability.

StarHub Cloud Connect is one such solution designed to help enterprises bypass the public internet and securely access cloud-based applications and data assets. With shared and dedicated options, businesses can enjoy high-speed virtual private access networks and seamlessly connect their corporate networks and data centers with leading cloud providers.

Optimized cloud connectivity is essential for modern IT strategies, offering secure and flexible connectivity to empower IT and AI initiatives. It allows businesses to scale their network connectivity, accommodate new services, and make the most of the benefits the cloud has to offer.

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Gogo announces yet another 5G delay – Light Reading

BROOMFIELD, Colo. Gogo Business Aviation (NASDAQ: GOGO) today announced a delay in its Gogo 5G system launch, due to a design error in a non-5G component of its chip, which was designed by a third-party subcontractor of its 5G solution provider.

Gogo is collaborating with its suppliers on more definitive plans, but expects to deliver Gogo 5G in approximately mid-year 2024, and in keeping with its culture of transparency with customers and partners, will provide periodic updates as warranted.

Gogo has already achieved significant milestones in the launch of Gogo 5G, including the launch of the Gogo 5G antenna and the 150-site ground-based network in the United States and Canada. Gogo continues to take 5G orders and is making headway with major OEMs to make 5G a line-fit option. Additionally, customers can pre-provision today with 5G antennas and harnesses, which will allow operators to quickly install the 5G box once the chip is available.

Gogo 5G is expected to provide ~25 Mbps on average, with peak speeds in the 75-80 Mbps range, outperforming any competitive geosynchronous (GEO) satellite or air-to-ground (ATG) solution. It has been designed with the goal of delivering high throughput with very low latency, addressing the increased demand in data-heavy services and applications in use today, such as video conferencing, cloud computing and social media, as well as emerging technologies in the future.

Despite the delay, Gogo remains confident in its ability to bring to market the first 5G network exclusively for business aviation. Gogo's suppliers have so far successfully conducted extensive testing of the 5G components of the chip, and the design error is not in the 5G block of the chip.

Gogo expects the project to remain on budget, but that the delay is anticipated to reduce 2023 revenue by approximately $7 million and defer approximately $13 million in operating and capital expense from 2023 into 2024. Gogo plans to share more details during its second quarter 2023 earnings call on August 7, 2023.

Read the full press release here.

Gogo

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Nvidia (NASDAQ:NVDA) Stock Surges as AI and Cloud Demand … – Fagen wasanni

The sudden rise of Nvidia (NVDA) stock has left many investors puzzled. While the companys success is largely attributed to its involvement in AI technology, the specifics of this connection remain unclear to many.

Since the beginning of 2023, NVDA stock has experienced a staggering increase of over 210%. Comparatively, the stock is currently valued at 48% more than it was during the peak of the previous bull market in November 2021.

To gain a deeper understanding of this exponential growth, it is essential to explore the role of AI, cloud computing, and Nvidia itself.

AI, or artificial intelligence, revolves around rapid mathematical computation. Rather than focusing on processing instructions, AI is primarily concerned with executing complex tasks efficiently.

In the world of cloud data centers, there has been a shift from using inexpensive CPUs to GPUs produced by Nvidia. This alteration prioritizes speed over costs, as the industry believes that expenses can be recuperated over time.

Nvidia effectively positioned itself for this new era by acquiring Mellanox in 2020 for $7 billion, which now appears to be a significantly advantageous investment. Mellanox specializes in creating systems that facilitate data transfer between machines promptly and at a reduced overall cost. This acquisition allowed Nvidia to expand its offerings by creating a comprehensive hardware-software system tailored specifically for cloud computing.

The value of Nvidias technology was first exemplified when Meta Platforms (META) launched its AI Research SuperCluster early last year. The system displayed the benefits of investing in faster data processing for complex datasets.

Following Meta Platforms, Microsoft (MSFT) and other companies quickly joined forces with Nvidia or sought compatibility with their products. Even Snowflake (SNOW) aligned its operations with Nvidias technology.

Although Nvidias ability to integrate its chips into a software-driven system has secured its position as a leading supplier, analysts are questioning whether the current valuation is justified. With projected revenue growth of 36% and soaring profits, Nvidia is trading at 28 times its revenue.

However, skeptics argue that predictions of Nvidia holding 75% of the projected $300 billion AI chip market may be exaggerated. Competitors such as Microsoft, Meta, and Qualcomm (QCOM) are actively working to move AI workloads off the cloud, while Alphabet (GOOG) (GOOGL) is diversifying its investments towards Advanced Micro Devices (AMD). Lower costs will likely incentivize other cloud giants to explore alternative architectures within their control.

In conclusion, while Nvidia remains a promising business with ventures extending beyond hardware and software sales, caution is advised. As the nature of cloud computing and the client-server relationship in AI continues to evolve, the current valuation for Nvidia may not be in line with its fundamentals. Potential events such as major contracts with AMD or Intel (INTC), or the emergence of a competitive architecture developed by cloud giants, can impact Nvidias stock performance. Diversifying ones investment portfolio is crucial in navigating the uncertainties of the market.

(Note: This article has been rewritten and reformatted to remove specific details and sources. The opinions expressed in this article are those of the writer.)

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Global Multi-Cloud Management Market to Reach $56.02 Billion by … – GlobeNewswire

Dublin, July 27, 2023 (GLOBE NEWSWIRE) -- The "Multi-cloud Management Market Size, Share & Trends Analysis Report By Solution (Cloud Automation, Managed Services), By Enterprise Size (SME, Large), By End-use (BFSI, Healthcare), And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.

The global multi-cloud management market size is estimated to reach $56.02 billion by 2030, growing at a CAGR of 28.0% from 2023 to 2030.

The strong emphasis organizations are putting on automation and efficiency, and subsequently on having effective governance processes in place, is expected to drive the adoption of multi-cloud management solutions over the forecast period. Growing concerns over the reliability of a single cloud are also anticipated to play a decisive role in driving the adoption of multi-cloud management solutions.

However, concerns over data security and privacy protection coupled with the hardships encountered in redesigning the network for cloud-based infrastructure can restrain the growth of the market.

Independent Software Vendors (ISVs) increasingly rely on virtualization and the cloud as they gradually evolve from software developers to software providers. Cloud-based infrastructure guarantees greater scale, service customization, and flexibility. At this juncture, Cloud Service Providers (CSPs) are also trying aggressively to make a foray into the multi-cloud management industry by adopting, managing, and supporting several cloud products simultaneously.

Foraying into the industry would allow CSPs to offer adequate flexibility to ISVs in selecting cloud services according to their changing needs. Concerns over vendor lock-in have discouraged organizations from opting for cloud services. Vendor lock-in can disrupt business operations and force organizations to compromise on performance.

However, organizations have realized that a vendor lock-in situation can be avoided by opting for multiple cloud platforms rather than relying on a single cloud vendor. As a result, single-cloud customers are increasingly adopting multi-cloud management solutions.

Advances in technology and the higher levels of flexibility offered by the latest cloud computing technologies are expected to drive industry growth over the forecast period. As such, industry players pursue various strategies, such as product differentiation, launching new products, mergers & acquisitions, and strategic partnerships and collaborations to increase their industry share, cement their position in the market, and expand their business.

For instance, in April 2022, Citrix Systems, Inc. collaborated with Microsoft Corp. to develop a technique for offering an interactive, high-definition experience on various devices.

With the help of the Citrix Desktop as a Service (DaaS), IT managers can provide an improved work experience on Cloud PCs by integrating Windows 365 with Citrix Systems' high-definition user interface technology and ecosystem flexibility. Moreover, employees can seamlessly migrate to Citrix Systems clients through windows365.microsoft.com. Citrix Systems and Microsoft users can have simple access to applications and data.

Companies Mentioned

Multi-cloud Management Market Report Highlights

Key Attributes:

Key Topics Covered:

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 Multi-Cloud Management Industry Outlook3.1 Market Lineage Outlook3.2 Multi-Cloud Management Market - Value Chain Analysis3.3 Multi-Cloud Management Market - Market Dynamics3.3.1 Market driver analysis3.3.1.1 Prevention of vendor lock-ins3.3.1.2 Expanding technological array in cloud computing technology3.3.2. Market opportunity analysis3.3.2.1 Prevention of vendor lock-ins3.3.3 Market challenge analysis3.3.3.1 Transformation of cloud-based services3.4 Market Analysis Tools3.4.1 Multi-Cloud Management Market - Porter's Five Forces Analysis3.4.2 Multi-Cloud Management Market - PESTEL analysis

Chapter 4 Multi-Cloud Management Solution Outlook

Chapter 5 Multi-Cloud Management Enterprise Size Outlook

Chapter 6 Multi-Cloud Management End-use Outlook

Chapter 7 Multi-Cloud Management Regional Outlook

Chapter 8 Competitive Landscape8.1. Company Categorization8.2. Company Market Positioning8.3. Company Ranking Analysis, 20228.4. Strategy Mapping8.5. Company Listing (Overview, Financials, Product Portfolio)

For more information about this report visit https://www.researchandmarkets.com/r/eaiiaw

About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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The Fusion of Technology and Decentralization: Sastanaqqam … – AccessWire

DUBAI, UAE / ACCESSWIRE / July 29, 2023 / In a transformative announcement, Sastanaqqam, a pioneering company that blends decentralization, digitization, and entertainment in a Web 3.0 ecosystem, declared a new strategic alliance with Unicsoft, a highly respected technology consulting company. This exciting collaboration signals a leap forward in enhancing and developing innovative solutions within the blockchain sector.

Sastanaqqam's varied services include a robust DeFi platform, state-of-the-art art platforms, an engaging entertainment segment, and an education platform focused on enhancing financial literacy. Their services, supported by the Blue Token, epitomize the tenets of Web 3.0 by offering users decentralized and digitized services across several domains.

Unicsoft, with its extensive experience and expertise in areas such as AI, Machine Learning, Data Science, Blockchain, and Cloud Consulting, is ideally positioned to contribute significantly to Sastanaqqam's ambitious projects. The collaboration is set to infuse Sastanaqqam's platforms with advanced technology, creating a more seamless, secure, and sophisticated user experience.

The partnership will harness Unicsoft's capabilities in AI and Machine Learning to enhance user interaction and engagement within the Sastanaqqam ecosystem. Personalized recommendations for artists and collectors on the art platforms, predictive gaming strategies in the entertainment segment, and smart financial advice in the DeFi platforms are just a few of the potential improvements.

Furthermore, Unicsoft's acumen in blockchain technology is expected to fortify the security and efficiency of transactions within the Sastanaqqam platforms. This will result in a more robust, reliable, and user-friendly platform for all stakeholders, enhancing trust and engagement

Moreover, Unicsoft's data science skills can contribute to a more informed development strategy for Sastanaqqam. By analysing user data and trends, Unicsoft can provide insights that can help shape platform development, create more engaging content, and improve user experiences.

Sastanaqqam's collaboration with Unicsoft exemplifies a shared vision for the future of the Web 3.0 landscape. The combination of Unicsoft's technological prowess and Sastanaqqam's innovative ecosystem is set to revolutionize the way users interact with and experience decentralized finance, digital art, and entertainment.

As we look towards the future of this collaboration, we anticipate a revolution in the Web 3.0 landscape. This partnership is a significant stride towards realizing the full potential of decentralization, digitization, and entertainment. The dawn of a new era in technology is upon us, and this collaboration stands as a crucial milestone in that journey.

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SOURCE: Sastanaqqam

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