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Representative imageWill Cloud Computing replace the traditional data centers and emerge as the prominent solution for data analytics and storage in government within this decade? Experts say 'yes'.

Known as the on-demand delivery of IT resources over the internet, Cloud computing practices are prevalent in the IT projects of the Central government. Cloud computing is slowly but steadily replacing the traditional data centers in the government.

Public-interface Central ministries are continuing to lead administration reforms using technology. Finance, railways, urban affairs, communication and home are among the departments already making an influential impact in G2G, G2C and G2E services while direct benefit transfer (DBT), driven by the finance ministry is among national schemes, complementing the government's vision, which is now popularly known as digital economy.

Satyajit Rao, senior general manager of the National Institute of Smart Government (NISG), a not-for-profit company incorporated in 2002 by the Government of India and NASSCOM with its head office in Hyderabad, asserted that Within this decade, Cloud computing would replace the traditional data centres and emerge as the prominent solution for data analytics and storage.

Capacity building in Cloud computing for Central and state government officials Fusing the two together, the National e-Governance Division (NeGD) of the Ministry of Electronics and Information Technology (MeitY) organized the first batch of capacity building programme in Cloud computing for government officials of Central line ministries, state/UT departments, mission mode project officers, e-Governance project heads and state e-mission teams.

The programme is designed to build capacities, within the government at both the Central and state levels, by adapting a synchronized approach to ensure the availability of adequate knowledge, appropriate competencies and skill-set to optimally utilise the huge benefits of cloud computing in e-Governance practices.

Projects with cloud computing offer integration management with automated problem resolution, manage security end-to-end, and help budget based on actual usage of data. At a national level, cloud architectures can benefit the government to simultaneously utilize resources optimally and also accelerate the delivery of e-services. Project 'Meghraj', for instance, is an initiative of the Government of India with the aim of GI Cloud (Meghraj) initiative to fast-track delivery of e-services in the country, while optimising information and communications technology (ICT) spending of the government.

Setting the context of the programme, Satya Meena, Director - Capacity Building, NeGD, said, Technology has been leapfrogging over the past two decades and one such technology rapidly scaling up is the Cloud-based systems driving businesses and touching every aspect of our daily lives. Anything that is available via the internet has the service being delivered out of a cloud-based application and IT Infrastructure.

The programmes course director, Satyajit Rao, Senior General Manager, NISG, asserted that Within this decade, Cloud computing would replace the traditional data centres and emerge as the prominent solution for data analytics and storage.

The workshop brought together an array of subject matter experts from the industry, the academia and the government to speak on key domain issues, such as Cloud fundamentals, Indias Cloud journey, Cloud building blocks, procurement of Cloud services, regulatory and policy framework for Cloud, challenges associated with Cloud implementation and future of Cloud on digital transformation, with engaging presentations on successful Cloud use cases.

Session discussions also featured essential training on various components of Cloud computing, such as custom bidding for Cloud services, the establishment of Pay-per-use and billing frequency with Cloud service providers, negotiation instruments for dynamic services under Cloud, best practices in Cloud procurement, focus on the Computing requirements, TRAI and MeitY guidelines on Cloud Computing and ITU global standards on Cloud Computing.

Witnessing attendance from 31 participants - mostly officers from Central Line Ministries, New Delhi and state governments of Delhi, Punjab, Haryana, Goa, Mizoram and Uttarakhand - capacity-building programmes on the theme of cloud computing would move forward with physical programmes to be conducted in the east, west and south zones of India this year.

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Cloud computing emerging as prominent solution for data analytics and storage in Central government - ETTelecom

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What is multicloud networking? Simply put, its the orchestration of cloud service delivery and the extension of cloud services from one enterprise data center to another. By leveraging multiple clouds, businesses can enjoy a host of benefits, including increased agility, improved performance and enhanced disaster recovery.

Multicloud networking is the practice of using cloud services from multiple, heterogeneous providers. This includes public cloud providers like AWS, Google Cloud Platform, or Microsoft Azure, as well as specialized platform-as-a-service, infrastructure-as-a-service or software-as-a-service providers.

SEE: Hiring Kit: Cloud Engineer (TechRepublic Premium)

Multicloud is not the same as hybrid cloud, which blends the use of private and public cloud environments. Rather, multicloud takes a mixed approach, using the best services from various providers to create a custom solution for an organizations specific needs. This approach allows organizations to take advantage of the latest innovations from each vendor while avoiding vendor lock-in and ensuring maximum flexibility. Multicloud networking can be complex, but it provides a powerful way to build a custom, scalable and highly-available cloud infrastructure.

According to the Flexera 2022 State of the Cloud report that surveyed 753 respondents comprising global cloud decision-makers and users, 89% of respondents reported having a multicloud strategy. multicloud remains the de facto standard for enterprise cloud usage, with a clear majority of organizations using two or more clouds.

Figure A

In the Flexera survey, 79% of respondents said they use multiple public clouds, and 60% reported using more than one private cloud an increase from the previous year. The most common architecture is a combination of different public and private clouds.

Figure B

Siloed apps are the most common type of multicloud implementation, where each application is run on a different cloud. This can be beneficial from a cost perspective, as you can choose the most cost-effective option for each app. However, it can also make management more difficult, as you need to maintain multiple console logins and configurations.

Another popular option is DR/failover, where you have a primary cloud that runs your applications and a secondary cloud that kicks in if the primary goes down. This provides increased redundancy and uptime but can be more expensive to maintain.

This involves creating a conduit between two or more clouds in order to allow data to flow between them. This can be done using an intermediary platform, such as an iPaaS, directly connecting the clouds using APIs, web services or ETL tools. Data integration can synchronize data between different cloud environments or move data from one cloud to another.

Another common type of multicloud implementation is workload mobility between clouds. As its name suggests, workload mobility refers to the ability to move workloads or, in other words, the computing tasks that make up an application between different cloud environments.

This can be helpful for several reasons. For one, it gives organizations more flexibility in using cloud resources. For example, if an organization finds that it is using more resources on one cloud than it had originally anticipated, it can quickly and easily move some of its workloads to another cloud provider to avoid overage charges.

Additionally, workload mobility can help improve performance and availability by allowing organizations to shift resources to wherever they are needed most at any given time.

Finally, workload mobility can also help to reduce vendor lock-in levels. Because companies can switch vendors at any point without having to worry about losing access to their data or applications, they are free to choose the provider that best meets their needs without being locked into a single provider.

Worried about data security or compliance issues? You can keep your data on-premises and run your apps in the public cloud, or you can do the reverse and keep your apps on-premises while using the public cloud for storage. The key here is that each application spans both environments, public and private, to take advantage of the benefits of both.

Cloud bursting is a type of cloud computing in which an application that runs on a private cloud or on-premises infrastructure bursts to use resources from a public cloud when it needs additional capacity. Cloud bursting can be used to supplement the capacity of on-premises or private cloud data centers during peak demand, providing flexibility and scalability while minimizing costs.

One advantage of cloud bursting is that it can help to minimize downtime by providing resources from the public cloud when demand exceeds the capacity of the private cloud or data center. However, cloud bursting can also be complex to implement and manage, requiring careful planning to avoid performance issues. As a result, it is often used only by large organizations with the resources to manage a complex multicloud environment effectively.

The paradox of cloud adoption is that vendors lock you into their infrastructure by deliberately making it complex and expensive to migrate. Multicloud networking is essential for avoiding vendor lock-in and maintaining autonomy over ones infrastructure.

First, multicloud networking allows organizations to use multiple vendors for different workloads. This way, if one vendor raises prices or experiences an outage, businesses can simply switch to another provider without incurring significant costs.

Second, multicloud networking provides organizations with more control over their data. With multicloud, businesses can store data in different locations and choose which vendor has access to it. This allows businesses to keep sensitive data off of public clouds where it could be vulnerable to hackers.

Finally, multicloud networking allows organizations to customize their infrastructure to their specific needs. By using multiple vendors, businesses can select the tools and services that best fit their needs rather than being forced to use the one-size-fits-all approach of a single vendor.

By spreading your data and apps across multiple cloud environments, youre less likely to experience a total shutdown if one cloud should fail. In addition, multicloud networking can help to improve performance and reduce costs by taking advantage of the unique capabilities of each platform.

The cloud has become an essential part of modern business, but some organizations have been slow to adopt due to concerns about security and loss of control. Vendors have responded with private cloud solutions that offer more visibility and control, but these can be costly and complex to manage. A more promising solution is multicloud networking, which allows businesses to maintain a hybrid cloud environment that combines the best of both worlds: The security of a private cloud with the cost savings of a public cloud.

By leveraging the strengths of both environments, businesses can ensure that their mission-critical apps and data are always available and secure.

Cloud-based applications are often used by businesses to improve customer experience or create new revenue streams. However, the performance of these apps can be hindered by latency, which is the time it takes for data to travel between the user and the app. To ensure optimal performance, businesses are turning to multicloud networking solutions that offer low latency and high throughput.

Data centers closer to end-users can serve requested data with far fewer server hops, which is critical for global companies that need to deliver data across country borders while still providing a consistent end-user experience.

Multicloud networking enables organizations to take advantage of the unique capabilities of each platform while still maintaining a consistent network infrastructure. It can help to optimize ROI in several ways.

First, it allows businesses to leverage the strengths of each platform, such as increased scalability or lower costs. Second, multicloud networking can help reduce downtime by providing failover capabilities in an outage. Finally, multicloud networks can provide greater flexibility and agility, allowing businesses to quickly and easily adapt to changing needs.

Multicloud networking is a promising solution for businesses that want to improve performance, reduce costs and increase security. By leveraging the strengths of each platform, businesses can create a customized infrastructure that meets their specific needs. In addition, multicloud networking can help to optimize ROI by reducing downtime and increasing flexibility.

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What is multicloud networking, and why is it necessary? - TechRepublic

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SEATTLE--(BUSINESS WIRE)--The Cloud Security Alliance (CSA), the worlds leading organization dedicated to defining standards, certifications and best practices to help ensure a secure cloud computing environment, today released the agendas for SECtember (Sept. 26-30, Meydenbauer Center, Bellevue, Wash.) and the second annual CxO Trust Summit, which will be held on Sept. 27 as part of the larger conference. Combined, these events will provide critical insights into board oversight of cybersecurity, CISO strategies, emerging threats, and best practices, all against the backdrop of cloud and related leading-edge technologies.

Cloud computing has become the default IT platform, cloud security is now the foundation for cybersecurity, and cyber is a critical component of every countrys national security strategy. These realities put Cloud Security Alliance and our community of experts at the center of the industry on a global, national, and enterprise level. We have assembled a world-class roster of speakers at our SECtember conference in the heartland of the cloud industry and have structured a program for attendee engagement and networking. I look forward to a week of collaboration to help us all address our biggest cyber challenges and stay ahead of sophisticated threat actors," said Jim Reavis, co-founder and CEO, Cloud Security Alliance.

SECtember 2022 will feature both a main conference of industry thought leaders, as well as deep dive training into Zero Trust, cloud auditing, and advanced cloud security topics. Among the conferences highlights will be:

The CSA CxO Trust brings together a community of C-suite executives to evolve cloud and cybersecurity understanding, knowledge, and needed solutions in response to enterprise challenges. Highlights from this years sessions include:

After several years without the chance to meet face to face, attendees will be able to network with their peers on the Expo floor and make personal connections that are so critical to closing the skills gap that is pervasive throughout the security industry. Additional networking opportunities include a welcome reception, Happy Hour, CSA Chapter Leaders Breakfast, and the Diversity in Security Luncheon, where guests will hear from prominent industry insiders who represent a variety of backgrounds and who will share their experiences as we explore how to make the cloud security industry more inclusive. (Limited space available. Reserve your seat as part of your registration.)

Those interested in attending SECtember are encouraged to register now. Attendees can receive a 25-percent discount on conference registration when bundled with one of the following training courses. (To redeem the discount, register for the conference and add the selected training session, then enter coupon code "COMBO25" at checkout.)

About Cloud Security Alliance

The Cloud Security Alliance (CSA) is the worlds leading organization dedicated to defining and raising awareness of best practices to help ensure a secure cloud computing environment. CSA harnesses the subject matter expertise of industry practitioners, associations, governments, and its corporate and individual members to offer cloud security-specific research, education, training, certification, events, and products. CSA's activities, knowledge, and extensive network benefit the entire community impacted by cloud from providers and customers to governments, entrepreneurs, and the assurance industry and provide a forum through which different parties can work together to create and maintain a trusted cloud ecosystem. For further information, visit us at http://www.cloudsecurityalliance.org, and follow us on Twitter @cloudsa.

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Global Cybersecurity Experts Take the Stage at SECtemberSM , Hosted by Cloud Security Alliance - Business Wire

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Earnings season remains in full swing with a slate of major technology companies reporting earnings the week of August 22.

While many of the best-known technology concerns have already announced their second-quarter results, there are still significant firms in the areas of cybersecurity, cloud computing, semiconductors, e-commerce, and personal computers left to report financial results for the April through June period.

Strong prints from these companies in the coming days could help to further boost technology securities as a whole, which have been on an upswing over the past month after badly lagging throughout most of the year.

The Wall Street Journal recently ran an article headlined Tech Stocks Are Back in the Markets Drivers Seat, noting that tech stocks are on the mend now that investors expect inflation to fall and for the U.S. Federal Reserve to ease up on interest rate hikes.

Whether the inflation and interest rate scenario plays out as hoped remains to be seen. But the following stocks could definitely move markets over the next few days. Here are seven technology stocks reporting earnings the week of August 22.

Source: Sundry Photography / Shutterstock.com

The week kicks off with a print from cybersecurity firm Palo Alto Networks (NASDAQ:PANW). The company is one of the oldest and most established cybersecurity companies in the U.S.

It also runs the popular Ignite annual conference that focuses on global cybersecurity issues and draws experts from all corners of the world.

While the technology sector has been hit hard this year, Palo Alto Networks has largely been spared.

Year to date, PANW stock is down only 5%. The stock is up 9% in the past six months.

Analysts say that Palo Alto Networks has been helped by a renewed focus on cybersecurity attacks in the wake of Russias invasion of Ukraine, and following several high-profile domestic incidents.

Wolfe Research recently issued a bullish note saying that PANW stock can rally 40% from current levels as it rolls out its latest and greatest cybersecurity systems.

Analysts are forecasting that Palo Alto Networks will report earnings per share of $7.50 on revenues of $5.53 billion when it announces its financial results on Aug. 22.

Source: testing / Shutterstock.com

Shares of Chinese e-commerce company JD.com (NASDAQ:JD) took a hit after it was announced that several large-cap stocks from China would delist in the U.S., including China Life Insurance(NYSE:LFC) and PetroChina(NYSE:PTR).

News of the delisting on American exchanges spooked investors and led them to sell out of many other Chinese securities that currently have dual listings on U.S. and Asian markets, including JD stock, which has now declined 12% in the past month and is down 19% on the year.

An ongoing fight between authorities in Washington, D.C. and Beijing over the accounting practices and standards of publicly listed companies could lead to many more Chinese companies delisting.

While nobody has been talking specifically about JD stock delisting, the share price continues to be impacted by the uncertainty thats been created.

Analysts expect that JD.com will report earnings per share of 40 cents on revenues of $39.09 billion when it reports its latest quarterly numbers on Aug. 23.

Source: Shutterstock

Microchip and semiconductor giant Nvidia (NASDAQ:NVDA) reports its latest earnings on Aug. 24.

However, the company already made a pre-announcement concerning its upcoming earnings, and it was not good.

On Aug. 8, the chipmaker issued preliminary earnings that showed second-quarter revenue of $6.7 billion, which was well below its initial forecast of $8.1 billion in revenue. NVDA stock immediately fell 8% on the news.

Nvidia blamed the revenue miss on two issues a shortfall in gaming revenue and ongoing global supply chain disruptions.

The disappointing earnings preannouncement further hurt NVDA stock, which is now down 38% on the year and trading at $187.09. Last November, the stock was trading near $350 per share.

Most analysts have not yet revised down their outlook for Nvidia and the consensus is still for the company to report earnings per share of $1.25 on revenues of $8.1 billion. However, we already know the company will come in lower with its Q2 print.

Source: Bjorn Bakstad / Shutterstock.com

Another tech stock that has taken its share of knocks this year amid the market downturn is cloud computing giant Salesforce (NASDAQ:CRM).

The companys share price remains down 27% this year, though it has risen 8% in the past month as equities have rebounded.

The company recently undertook a shuffle among executives in its C-suite, moving Brian Millham into the role of chief operating officer from chief customer success officer, and placing Gavin Patterson in the position of chief strategy officer from chief revenue officer previously.

The company has a lot to live up to with its second-quarter earnings given that it beat analyst expectations in Q1 and lifted its full-year guidance.

The company announced first-quarter earnings per share of 98 cents versus 94 cents per share which was expected by analysts as its revenue rose 24% from a year earlier to $7.41 billion.

Wall Street is expecting a similarly strong print this time around, with analysts forecasting that Salesforce will issue earnings per share of $1.02 on revenues of $7.7 billion. Anything better than that and could prove to be a catalyst for CRM stock.

Source: Sundry Photography / Shutterstock

Snowflakes (NYSE:SNOW) share price has been battered this year and is down 49% since January. However, like a lot of tech stocks, it has been on the mend since mid-July and has climbed 11% higher over the past month as inflation begins to ease and investor sentiment improves as a result.

Snowflake, which specializes in cloud-based data storage and analytics service, went public in 2020 and is one of only a handful of tech stocks owned by legendary investor Warren Buffett. It was also one of the few IPOs that Buffett has ever gotten in on.

Despite the market and economic upheaval this year, Snowflake has managed to continue growing its customer base.

It also announced that its customers increased their spending on its products and services by 74% in the first quarter from a year earlier, which is a very high rate among cloud computing firms.

When the company reports second-quarter results on Aug. 24, analysts expect the (still unprofitable) company to announce an earnings per share loss of two cents on revenues of $467 million.

Source: Michael Vi / Shutterstock.com

Semiconductor company and Nvidia rival, Marvell Technology (NASDAQ:MRVL) reports earnings on Aug. 24, and analysts are calling forearnings per share of 56 cents on revenues of $1.52 billion.

Investors will no doubt be hoping for an earnings beat that sends MRVL stock sharply higher.

So far this year, the companys share price has slumped 38% to trade at $55 per share. Like Nvidia, Marvell has struggled in recent months with supply chain disruptions and sour investor sentiment.

However, there are growing signs that investors are starting to warm towards MRVL stock.

Investors recently bought 48,181 call options on Marvell Technology stock (betting that it will go up), which is 59% more than the average volume of 30,395 call options taken out against the shares.

At the same time, analysts at The Benchmark Company reiterated a buy rating on the stock and a $70.00 price target, implying a nearly 30% upside from current levels.

Source: Jonathan Weiss / Shutterstock.com

Dell Technologies (NYSE:DELL) has seen its stock perform better than most tech securities this year.

Analysts are pounding the table on Dell stock, screaming that, with a price-to-earnings ratio of 6.60, the shares are too cheap to ignore.

Add in a quarterly dividend that yields 2.74% (many leading tech companies offer no dividend) and there is a strong case for buying DELL stock.

Analysts at JPMorgan Chase (NYSE:JPM) are firmly in the bull camp when it comes to DELL stock. The bank recently slapped an overweight rating and a $55 price target on the computer company.

While many on Wall Street are fans of Dell, the companys share price has been weighed down in recent months by the global semiconductor shortage. Hopefully, that backlog will ease in the coming months.

Wall Street is expecting Dell Technologies to report earnings per share of $1.64 on revenues of $26.54 billion.

On the date of publication, Joel Bagloleheld a long position in NVDA. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Joel Baglole has been a business journalist for 20 years. He spent five years as a staff reporter at The Wall Street Journal, and has also written for The Washington Post and Toronto Star newspapers, as well as financial websites such as The Motley Fool and Investopedia.

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7 Tech Stocks Reporting Earnings the Week of August 22 - InvestorPlace

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