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Altcoins Could Collapse by Up to 80% Amid Rate Hikes, According to Coin Bureau Heres the Timeline – The Daily Hodl

September 7, 2022 | Author: admin

The host of popular YouTube channel Coin Bureau believes an increase in interest rates as a result of the Federal Reserves actions could have a devastating impact on crypto asset prices.

The pseudonymous analyst known as Guy warns his 2.1 million YouTube subscribers that starting this month, the Federal Reserve will accelerate the selling of assets on its balance which he says is made up of US Treasuries and mortgage-backed securities.

According to Guy, the sell-off could have a profound impact on interest rates.

Thats because the interest rates on US Treasuries and mortgage-backed securities are essentially determined by price with a lower price resulting in higher interest rates. With the Fed selling off billions of dollars of these assets while the economy continues to slow down, its unclear whether there will be enough buyers to absorb the shock, meaning prices will drop.

This means that interest rates could rise faster than investors can handle and cause markets to crash even more. This is exactly what happened when the Fed started reducing its balance sheet in 2018.

In 2018, the S&P 500 lost about 20% of its value from its peak of 2,940 points at the time.

The Coin Bureau host highlights that a repeat of what happened back then could spell trouble for digital assets.

Given that cryptocurrency is highly correlated to the stock market with more volatility, this could translate to a 40% drop for the largest coins and tokens, with 60% or even 80% drops for most medium and small-cap altcoins with the absolute bottom being sometime early next year.

The Coin Bureau host says that Bitcoin (BTC) will experience the least impact on price relative to altcoins.

If history is any indication, Bitcoins BTC will experience the lowest losses in percentage terms as altcoin holders rotate whatever profits they have left into this de facto digital gold. Even then, the losses could still be more than most crypto holders can stomach.

At time of writing, BTC is swapping hands for $19,950, flat on the day.

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Featured Image: Shutterstock/Tithi Luadthong/Natalia Siiatovskaia

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Altcoins Could Collapse by Up to 80% Amid Rate Hikes, According to Coin Bureau Heres the Timeline - The Daily Hodl

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Why Are Altcoin Prices Influenced By Bitcoin? – ED Times

September 7, 2022 | Author: admin

Bitcoin came to light in 2009 and gave rise to a digital market that gathered millions of users, grew its capital manifold, and finally resulted in the cryptocurrency market we witness today. The crypto market gathered investors from everywhere across the globe and is all set for the final revolution. Bitcoin, from the time of its launch till now, has been crowned the king of digital currency. Every other cryptocurrency that is developed is collectively called altcoins.

Altcoins mean nothing but alternate coins; around 3000 altcoins currently exist in the crypto market. Generally, it is observed that the altcoin price follows bitcoin. However, despite the massive difference between these two, the cost of altcoins, when tracked, follows Bitcoin through thick and thin. Why is this so?

Bitcoins influence on altcoins

The primary reason altcoins stick with the exact price pattern of Bitcoin is that the altcoins are predominantly measured in bitcoins. Several potent digital assets in the market could compete with Bitcoin. Altcoins are known to serve multiple intents, and it is easy to buy apecoin or other altcoins from popular exchanges. This dominance undoubtedly makes Bitcoin the most potent digital asset and has a lot of influence and control. Bitcoins domination over the entire crypto market is remarkable because even if around 3000 opponents bind the whole market capital, bitcoin alone rules over half of the total crypto market.

Keeping aside the dominance, several other factors account for the price influence of altcoins concerning Bitcoins. First, most altcoins cannot be bought directly using fiat currency; instead, the users buy Bitcoins first and later exchange them with the altcoins of their choice. Therefore, if a user who owns altcoins decides to leave the market, they most probably would sell their possessions for Bitcoins. Later, this bitcoin is converted to fiat currencies.

Bitcoin was the first ever cryptocurrency

As mentioned earlier, bitcoin is the first cryptocurrency introduced to the crypto market. With the highly advanced features and excellent user base, cryptocurrency paved the way for an entire industry. Today, every cryptocurrency user owns at least a few bitcoins. The reason for its huge success is that the concept behind this coin is straightforward, and the learning curve is not too steep compared to the altcoins that exist in the crypto market today.

Most altcoins are simply Bitcoin clones.

Unlike other digital assets, bitcoin does not have a complex network. Because of the same, over the past few years, an increasingly high amount of Bitcoin clones have been introduced into the market. Even though nothing could beat the efficiency of the Bitcoin network, these coins managed to survive.

The primary objective behind the development of clones is to bring out a better version of Bitcoin. Many clones were introduced to the market to become a faster, more energy efficient, and lighter version. Some managed to succeed while others did not.

Bitcoins possess the most exemplary security system.

The blockchain backs bitcoins and the entire network is based on the Pow [proof of work] mechanism. This mechanism has been entrusted by over 18 million miners actively participating in the bitcoin blockchain network. As the volume of miners increased, it resulted in high-level decentralization, which promised sound security for bitcoins payment system.

Traders consider Bitcoin as the reserve currency

Because of its popularity, most traders consider Bitcoin a digital market reserve currency, just like the US dollars in the global stock markets. It has been observed that most traders never compare the bitcoin price with fiat currency instead; they compare it with the Bitcoin price.

Final words

Bitcoins is the first ever cryptocurrency responsible for developing the entire cryptocurrency industry. This fact alone gives Bitcoin the upper hand. In addition, the asset is trusted and invested by millions worldwide. All these reasons, along with the multi-million user base, resulted in developing the safest network in the ecosystem.

When it comes to market sentiments, it is essential to understand the Bitcoin price movements because, most often, the final word is influenced by Bitcoin. Therefore, trading experts and investors never fail to check Bitcoin before buying or selling Altcoin positions. I hope this article has given you better insights into the altcoin price influence phenomenon.

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Here Is How Ethereum (ETH), Fantom (FTM) and Two Other Altcoins Are Set To Perform, Per Analyst – Coinpedia Fintech News

September 7, 2022 | Author: admin

A closely followed crypto analyst and trader has come up with his prediction for Ethereum (ETH) and other three cryptocurrencies.

The analyst who is called as michael van de poppe michael van de poppe Founder and CEO at eight global Eight Global is led by Michael van de Poppe, the company's founder, and CEO. He is a cryptocurrency trader who works at the Amsterdam Stock Exchange and is enthusiastic about the role of blockchain in the current financial system. Also, he is an author at Cointelegraph who covers everything about fintech, blockchain, and bitcoin, providing the latest news, prices, and analysis on the future of money.In the past, he served as a technical analyst at TradingView, where he was responsible for making technical analyses via the platform of TradingView and distributing these through virtual social media, including Twitter and YouTube. He was the writer of CryptoBenelux, writing articles based on technical analysis and market insights, particularly about Bitcoin. EntrepreneurChief Executive OfficerTraderMarket Analyst Followers : 0 View profile informs his 624,300 fanbase on Twitter that the funding rates have come down ahead of ethereum ethereum Blockchain NetworkTechnology Followers : 0 View profile upcoming transition from proof-of-work (PoW) to proof-of-stake (PoS).

As per the analyst, Ethereum funding rates have declined massively while Ethereum price is rising. Traders and investors are waiting to short ETH as they are expecting that the Merge will fail. Also they feel that this is a bear market rally and the currencies will drop in the days to come.

Van de Poppe provides a chart that was created by Quincy Diepeveen which gives us the data of the ETH funding for the whole 2022. The latest stats depicts that the funding is negative.

Funding on $ETH remains extremely negative, while $ETH is running upwards.

People are eager to short $ETH as; Expectations are Merge will fail. It's a bear market relief rally. Markets will only drop further downwards.

Max pain is on the upside.

Good chart, @QDiepeveen. pic.twitter.com/GnfIIBNmVN

Moreover, the strategist claims that most cryptocurrencies are heading towards testing their resistance area once the market enters a recovery stage following the weekend drop. This will also see Ethereum price trading above $2,000.

Van de Poppe believes that there is a recovery seen in the markets and ETH is about to hit $2,200 as the Merge is just around the corner. The analyst expects Ethereum price to continue its price surge even when Bitcoin hitting $19,000 is not clear.

At the time of writing, Ethereum is selling at $1,544 after a drop of 2.88% over the last 24hrs

Decent retests across markets happening and $ETH, for instance, is still on the path towards $2,200 as one of the biggest events is approaching -> the Merge.

I'm still expecting continuation of this upwards structure, whether or not #Bitcoin sweeps $19K for liquidity.

Next, the analyst talks about fantom fantom [emailprotected] Blockchain Network Followers : 0 View profile (FTM) and hopes that this Ethereum competitor will continue its positive price trend. The currency had recently plunged towards $0.40.

Then he says that Fantom should surge above $0.29 to hit the target of $0.35

Request 01 $FTM

This one looks ready for continuation, which is similar to the entire market.

It needs to break and flip $0.29 and then $0.35 is possible. pic.twitter.com/u0aNvni66A

Currently, Fantom is trading at $0.265 with a fall of 6.58% in the last 24hrs.

The next altcoin that has caught the attention of strategists is Theta Network (THETA) which is a peer-to-peer video distribution network. This altcoin has been trading downwards below $2 since the May crash.

The analyst predicts two key level resistance for THETA and they are $1.20 at first and this is followed by $1.60. He says that its either fall or reclaim for Theta Network.

Request 03 $THETA

This one is very simple, just like many coins here.

Looking for 2 triggers; Either sweep of lows and reclaim. Break above $1.20 for continuation trigger.

Target then; $1.60. pic.twitter.com/DeMCzq6QAS

At the moment, THETA is valued at $1.14 with a downward trend by $3.99 in the last 24hrs.

The last currency in the analysts list is Skale (SKL), Ethereum scaling solution. According to Van de Poppe Skale is awaiting a push after which the price will see a breakout.

At the time of publication, Skale is changing hands at $0.047 after a plunge of 5.56% over the last day.

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Heres What To Expect From CRV Price This September – CoinGape

September 7, 2022 | Author: admin

Published 13 hours ago

The Curve Dao(CRV) has been walking a sideways trend for nearly four months. A cup and handle pattern forms on the weekly time frame chart, reinforcing a bullish reversal sentiment among market participants. However, the supply zone at $1.22 resistance restricted the buyers growth and could keep the trend control in the sellers hands.

Source- Tradingview

The CRV/USDT pair is currently going through the handle portion of the pattern and should push the prices higher to rechallenge the $1.5-$1.55 neckline resistance. So far, the handle portion was supported from the $1 psychological level and surged 23% up to a mid-resistance level of $1.22.

However, the low volume activity during this recovery and long-wick rejection in weekly chart charts indicates weakness in buyers commitment.

Source- Tradingview

The daily chart accentuates the supply pressure at $1.22 resistance, as the CRV price has been rejected several times from this level. Early today, the coin was 4% up with strong support from volume activity; however, the sellers eventually reverted the prices lower to reflect a high price rejection candle.

This rejection hints at another reversal from the $1.22 level, which may assist sellers in pulling the altcoin back to the $1 mark. A daily candlestick closing below this support will offset the bullish pattern mentioned above and prolong the current price correction.

As a result, the CRV price may drop to the following support levels $0.86, $0.68, or June bottom support of $0.55.

Though it seems the sellers have the upper hand, a bullish breakout from $1.2 will regain a ray of hope for buyers. Later the price may respond to the cup and handle pattern and attempt to surpass the $1.55 barrier.

Doing so will complete the price pattern and the accelerated bullish momentum that could surge the prices to the $2 mark.

Relative Strength Index: A daily-RSI slope jumped just above the midline(50%), indicating the traders feel optimistic about this coin.

EMAs(weekly): the technical chart shows the CRV price has reverted from the downsloping 20 EMA over the past seven months. Thus, this dynamic resistance puts formidable barriers against buyers to initiating a recovery rally.

From the past 5 years I working in Journalism. I follow the Blockchain & Cryptocurrency from last 3 years. I have written on a variety of different topics including fashion, beauty, entertainment, and finance. raech out to me at brian (at) coingape.com

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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Chess Chief Hopes to Put Rivals in Check in Jockey Club Gold Cup – Past The Wire

September 7, 2022 | Author: admin

SARATOGA SPRINGS, N.Y. The Estate of James J. Coleman Jr.s graded stakes winning Chess Chief looks to light up the tote board in Saturdays Grade 1, $1 million Jockey Club Gold Cup, a Win and Youre In qualifier for the Grade 1 Breeders Cup Classic in November at Keeneland.

Contested at the Classic 10-furlong distance on Saratoga Race Courses main track, Chess Chief will break from post 4 under jockey Manny Franco.

The 6-year-old son of Into Mischief was fifth in this event last year and most recently was third in the Alydar August 4 at the Spa. He closed out his 2021 campaign with a win in the Tenacious at Fair Grounds Race Course, where he has posted all five of his wins through 34 career starts and purse earnings of $894,369.

The hard-knocking Virginia-bred made the grade in March 2021 in the Grade 2 New Orleans Classic and finished sixth in his title defense this spring.

Despite being made the longest shot of 30-1 on the morning line, trainer Dallas Stewart said he is expecting his horse to run a big race.

Hes a real warrior. He ran in this race last year but was coming off a bad grass race, said Stewart. This year hes had a race over the track and a couple of real good works over the main track. He galloped as fresh as a 2-year-old this morning.

Chess Chiefs most recent work was at five-eighths on August 28 over the Spa main track, covering the ground in 1:01.25.

Stewart is no stranger to Grade 1 success at the Spa, including the 2017 Personal Ensign with Forever Unbridled and the 2015 Ballerina with her full-sister Unbridled Forever.

We won a couple Grade 1s here before, said Stewart. We only bring a small amount of horses, but its just like any other race. Youve got to get in there and fight it out.

Valene Farms talented graded stakes placed Sabra Tuff will attempt to make the grade in the Grade 1, $300,000 Spinaway. Carded as Race 11 Sunday, the meets prestigious race for juvenile fillies is contested at seven furlongs on the main track.

Third in the Adirondack last out, which was won by returning rival Naughty Gal, Sabra Tuff graduated at first asking in June at Churchill Downs and made the jump to stakes company, finishing second in the six-furlong Debutante at the Louisville oval to another returning rival in Wonder Wheel.

Stewart said he has a lot of confidence in the grey daughter of Cross Traffic, who posted a bullet five-eighths breeze in 1:00.67 August 27 over the Oklahoma training track.

I like her a lot. I think the seven-eighths will fit her well, said Stewart. Theres some nice fillies in there, but I think we match up pretty good.

Shes had a race over the track, and she came back with a bullet work getting prepped for the race, added Stewart. Shes trained terrific. Shes all class. Shes been here. Shes put the calories on and looks good.

Bred in Louisiana by Tom Curtis and Wayne Simpson, Sabra Tuff boast a ledger of 3-1-1-1 and has banked $88,120.

NYRA Press Office

Photo: Chess Chief (Coglianese)

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Ahmedabad to host 10th National Chess Boxing Championship from 9-11 September’22 – The Live Ahmedabad

September 7, 2022 | Author: admin

The 10th National Chess Boxing Championship, organised by the Chess Boxing Organisation of India and hosted by the Chess Boxing Association of Gujarat, will take place in Ahmedabad from 9th to 11thSeptember 2022 at Reliance Mall, Shahibaug.

Gujarat being the host for very first time for 10th National Chess Boxing Championship, the event will witness all the luminaries from the Chess Boxing community.

The tournament comprises of different categories from kids, cadets, sub-junior, junior, youth, senior & masters, boys & girls, and to men & women. It is also the selection competition for the Indian team that will represent India in the 4th World Chess Boxing Championship at Antalya in Turkey from 12th to 17thNovember 2022

Gujarat is the land of Mahatma Gandhi and Sardar Patel. It is our privilege to announce that the 10th National Chess Boxing Championship will take place in Ahmedabad, one of the largest and fastest-growing cities in the country, and one where different sports are growing in popularity. We are confident that the National Championship will be a hugely successful one with the participation of sportspersons from across the country. We are thankful to the Chess Boxing Association of Gujarat for hosting the championship, said Montu Das, Founder & President, Chess Boxing Organisation of India.

Chess Boxing is a hybrid sport that combines chess and boxing and demands top mental and physical fitness from competitors. The opponents face off in alternate rounds of chess and boxing. The contest starts with a round of chess followed by a round of boxing and so on. The contest is decided by checkmate and exceeding the time limit in chess rounds, retirement in either chess or boxing round, and knockout or referees decision in boxing rounds.

We are happy to host the 10th National Chess Boxing Championship and express our sincere gratitude to the Chess Boxing Organisation of India and especially President Montu Das for this opportunity. We are confident that the championship will help in popularising Chess Boxing as a sport in Ahmedabad and Gujarat. We will do our best to make the event a roaring success, said Mehul Mehta, President, Chess Boxing Association of Gujarat.

The 10th National Chess Boxing Championship will take place at Reliance Mall in Shahibaug, Ahmedabad.

A relatively new sport, chess boxing came into existence in 1992 and has been embraced by many nations since. The sports governing bodies are the World Chess Boxing Organisation and the World Chess Boxing Association. Chess boxing was launched in Gujarat only in July 2021 but has become quite a popular sport.

Dutch artist Iepe Rubingh, who passed away in 2020, established the World Chess Boxing Organisation in 2003 in Berlin. The first World Chess boxing Championship took place in Amsterdam in the same year.

An amateur chess boxing match consists of 5-7 alternating rounds of chess and boxing, starting and ending with chess whereas, a professional match comprises 11 alternating rounds. Each round lasts three minutes, followed by a one-minute break. The chess rounds are played under time control, with a total of nine minutes allotted to each player.

The opening ceremony of the 10th National Chess Boxing Championship will take place on September 9. Grandmaster Tejas Bakre will play the opening match. All the matches will take place on September 10 and 11, and the prize distribution on September 11. The annual general meeting of the Chess Boxing Organisation of India will also take place in Ahmedabad on September 10. Reliance is the venue partner for the 10th National Chess Boxing Championship, while Simulations Public Affairs Management Services is the PR partner. Electrotherm India Ltd. and Polycable Accessories are the associate sponsors, and Brain Power Chess Academy is the chess partner.

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Your chance to meet Vishy Anand and the young super talents of Indian chess in Bangalore! – ChessBase India

September 7, 2022 | Author: admin

by Sagar Shah - 06/09/2022

The Westbridge Anand Chess Academy (WACA) began in January 2021 with 5 mentees - Gukesh, Praggnanandhaa, Nihal, Vaishali and Raunak.It was a phenomenal opportunity for the youngsters as they would get a chance to train with the legendVishy Anand and his team (Gajewski, Yusupov, Chanda and Gelfand). Two more players were added later on - Arjun Erigaisi and Leon Mendonca.All of these youngsters have performed phenomenally wellin the last 18 months. That's the reason why WACA has organized an event in Bangalore on the 7th of September 2022 at7 p.m to celebrate the achievements of these youngsters. This is your chance to attend it and meet your heroes!

The Westbridge Anand Chess Academy (WACA) celebrates the achievements of its chess fellows in a specially organized event that will be held in Bangalore on 7th of September 2022 at 7 p.m. Present at this event would befive-timeWorld Champion Vishy Anand, Gukesh, Praggnanandhaa, Nihal Sarin, Raunak Sadhwani, Leon Mendonca, R. Vaishali and Savitha Shri. Savitha Shri will be joining in WACA after her phenomenal performance recently that has propelled her to India no.4. Arjun Erigaisi unfortunately will not be able to make it to the event as he will be playing a tournament in Slovakiafrom the 9th of September. One of the four trainers - GM Sandipan Chanda will also be presentin Bangalore.

Vishy Anand, Sandipan Chanda and the youngsterswill be interacting with the hosts of the event - Sandeep Singhal (Managing Director of Westbridge) and IM Sagar Shah. You will get a chance to ask questions at the same time get autographs from the legend and amazing talents of Indian chess.

The entry to this one of its kind event is limited and hence only those who can make it on 7th of September 2022 should fill in this form. What is the venue? It will be communicated to you via email. We have also put in a field for an ID proof with address so that we can be sure that you would be able to come to this event.

The beautiful city of Bangalore

The view from our room

A traditional welcome!

Arjun Erigaisi with an Elo of 2722 is now World no.22

Gukesh with an Elo of 2725 is now world no.24

Praggnanandhaa with an Elo of 2687 is now world no.50

Nihal Sarin with an Elo of 2677 is now world no.64

Raunak Sadhwani with an Elo of 2620 is world no.176

Vaishali R. with an Elo of 2449 is now world no.29 in women'schess

Savitha Shri with an Elo of 2435 is now world no.33 in women's chess

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Carta Healthcare Releases Semaphore, an Integrated Development Environment for Healthcare Organizations to Develop Their Own Data Science and…

September 7, 2022 | Author: admin

SAN FRANCISCO--(BUSINESS WIRE)--Carta Healthcare, provider of solutions for common healthcare data challenges through a combination of people, processes, and technology, today announced the release of Semaphore, an integrated development environment (IDE) built for healthcare organizations internal data science teams to design and deploy custom applications for analysis and visualization of their data. Powered by Cartographer, Carta Healthcares AI platform, Semaphore has instant access to standardized datasets derived from across the organizations health records, significantly decreasing the time spent collecting data up front.

Healthcare organizations need to be able to use the data they have today, today to improve patient care quality, enhance operational efficiencies, support research initiatives, and reduce costs, said Matt Hollingsworth, CEO and Co-founder of Carta Healthcare. Siloed systems, data security requirements to meet patient privacy regulations, and internal approval processes often result in lengthy delays for new analytics packages to become available to the teams who need them. Semaphore directly addresses this challenge.

Semaphore was built in-house by Carta Healthcares own data scientists to address the shortcomings of existing off-the-shelf IDEs when used within the healthcare environment. Semaphore offers all the benefits of a traditional IDE, in addition to:

Semaphore is powered by Cartographer, an AI-driven analytics tool that powers Carta Healthcares broader ecosystem of products. By searching, analyzing, and standardizing data from all data sources, Cartographer provides organizations with high-quality, immediately usable data.

The standardized data sets created by Cartographer are also used by Atlas, Carta Healthcares AI-assisted data abstraction solution for submitting to clinical registries, and Navigator, a complete analytics tool for solving common healthcare operational challenges such as anesthesia and nursing coverage and operating room scheduling. Together, Atlas, Semaphore, Navigator, and Cartographer allow healthcare organizations to collect, analyze, and act on their data.

To learn more about the innovative solutions that Carta Healthcares interdisciplinary team of experts create to address common healthcare challenges, visit http://www.carta.healthcare.

About Carta Healthcare

Founded in 2017, Carta Healthcares mission is to improve patient care by harnessing the value of clinical data. Through its combination of industry-leading, AI-driven technology and multidisciplinary team of experts, Carta Healthcare has transformed the traditional process for abstracting and analyzing clinical and operational data. The companys agile, innovative approach to expertise+technology allows healthcare organizations to collect, analyze, and act on their data in a fraction of the time. The result is high-quality, accurate, trustworthy datasets for use across a healthcare organization's initiatives to operate more efficiently, optimize care delivery, improve patient outcomes, and allow clinicians to practice at the top of their license. For more information, visit http://www.carta.healthcare or contact us at hello@carta.healthcare.

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Geolog and Petro.ai Announce a New Strategic Partnership to Deliver Data Science Products and Services to the Global Energy Industry – OILMAN Magazine

September 7, 2022 | Author: admin

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Geolog International BV (GEOLOG) the largest independent global provider of wellsite surface logging solutions to the Oil, Gas & Geothermal Industries and Petro.ai, global leader in subsurface data analytics, machine learning, and AI, have today announced a new strategic partnership to deliver Machine Learning and AI-based data science and predictive products and services to the global Energy Industry.

Richard Calleri, CEO and owner of GEOLOG said, our clients have a ferocious appetite for receiving quality, structured, analytics ready data and predictive products. Partnering with Petro.ai allows us to deliver additional value to our customers, by accelerating and signicantly expanding our portfolio of Machine Learning and AI solutions that are designed to improve drilling eciency and reservoir prediction.

Dr. Troy Ruths, Founder and CEO of Petro.ai added, this partnership will allow Petro.ai to deliver a new set of analytics and accurate predictions to Geologs global customer base. Our unique geoscience expertise that merges both structured and unstructured data is a natural t for the high quality and dierentiated data streams that Geolog collects. We couldnt be more excited to launch this strategic partnership.

Geolog International BV (www.geolog.com) is the worlds largest independent surface logging services provider to the Energy industry with global operations in over 50 countries and a workforce in excess of 1600.

Petro.ai (www.petro.ai) combines the latest geoscience research with cutting edge data science, delivering the most accurate predictions of economic outcomes in the energy industry. In the last 12 months, these predictions have advised $1.9 billion of capital investment with better than 94% accuracy.

3 Ways Technology is Going to Shape the Oil and Gas Industry Free to Download Today

Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable agreater multidirectional flow of information and control than ever before.

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Reaping the Benefits of Having a Data Backup and Recovery Plan – Data Science Central

September 7, 2022 | Author: admin

Recovery Backup Restoration Data Storage Security Concepts

In todays data-driven economy, any business needs to make sure that their data is easily recoverable and secured in an emergency. The National Archives and Records Administration suggests that close to 93% of the organizations which witness downtime and data loss for over ten and more days can file bankruptcy in a year. No wonder why businesses need to give importance to data backup.

When there is a disaster, averting crucial data losses and minimizing downtime must be the priority for any organization. An effective data backup system and a disaster recovery plan are crucial in attaining all the priorities and setting up essential safeguards for securing your business and the data.

A robust disaster recovery plan can ensure that your business can get back to work at the earliest after there has been a massive data loss. It acts as a detailed plan that helps in business continuity when a disaster wholly or partially destroys the business resources, for instance, data records, IT devices, databases, and corporate networks.

Simply put, data backup is the process of storing your data in one storage medium other than the primary storage. If the primary hardware gets damaged or fails, it is necessary to recover the company data. It is the method of duplicating the information retrieved during data loss. As an example, check out the data recovery services from Computerbilities, Inc.

These are some essential advantages of data backup and recovery solutions that will help you secure your mission-critical information.

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