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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

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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

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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.

Recent Developments:

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Cloud Analytics Market Advantages:

Report Objectives

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Cloud Analytics Market worth $118.5 billion by 2029- Exclusive Report by MarketsandMarkets - PR Newswire

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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

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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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BNP Paribas Financial Markets Has $1.80 Million Position in First Trust Cloud Computing ETF (NASDAQ:SKYY) - Defense World

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