Page 2,352«..1020..2,3512,3522,3532,354..2,3602,370..»

WDAY: Which Cloud Stock is a Better Buy: Workday or Bill.com – StockNews.com

Workday, Inc. (WDAY) and Bill.com Holdings, Inc. (BILL) are two prominent companies that offer enterprise cloud solutions worldwide. WDAY develops enterprise cloud applications that help customers manage critical business functions and optimize their financial and human resources for the finance, healthcare, manufacturing, education, and technology industries. In comparison, BILL provides cloud-based software that simplifies, digitizes, and automates back-office financial operations for small and midsize businesses. The company offers bill workflow, payment processing, business document filing services, electronic invoicing, and mobile application management tools.

Apart from the ongoing digitalization across industries, the readoption of remote working amid the resurgence of COVID-19 cases is driving the demand for cloud computing solutions. Moreover, many businesses are increasingly spending on cloud migration to make their operations efficient and stable. The global cloud computing market is expected to grow at a 16.3% CAGR to reach $947.30 billion by 2026. So, both WDAY and BILL should benefit.

WDAY is a winner with 9.6% gains versus BILLs negative returns in terms of the past six months performance. But which of these stocks is a better pick now? Let us find out.

Latest Developments

On November 18, 2021, WDAY entered into a definitive agreement to acquire VNDLY, an industry leader in cloud-based external workforce and vendor management technology, for $510 million in cash. This will enable WDAY to provide organizations with a unified workforce optimization solution and support evolving workforce dynamics.

On November 9, 2021, at the Sage Transform event, BILL announced rolling out a series of new product features that expand its ability to be the all-in-one financial operations platform for small and midsize businesses and accountants. Offering features to organizations that easily control back-office, provide real-time insight, and better cash flow management, WDAY is looking forward to providing businesses with increased visibility, control, and new payment options.

Recent Financial Results

WDAYs total revenues for its fiscal 2021 third quarter ended October 31, 2021, increased 20% year-over-year to $1.33 billion. The companys operating income came in at $332.25 million, up 23.9% from the year-ago period. Its net income came in at $286.58 million for the quarter, indicating a 30.4% year-over-year improvement. Its non-GAAP EPS increased 27.9% year-over-year to $1.10. The company had $1.30 billion in cash as of October 31, 2021.

For its fiscal 2022 first quarter ended September 30, 2021, BILLs revenue increased 151.9% year-over-year to $116.40 million. The companys non-GAAP gross profit came in at $96.98 million, up 175.3% from the prior-year period. Its non-GAAP loss from operations came in at $11.14 million, indicating a 394.9% rise from the prior-year period. While its non-GAAP net loss increased 889.1% year-over-year to $14.07 million, its non-GAAP loss per share grew 650% to $0.15. The company had $2.01 billion in cash and cash equivalents as of September 30, 2021.

Past and Expected Financial Performance

WDAYs revenue and total assets grew at a CAGR of 23.2% and 23.6%, respectively, over the past three years.

WDAYs EPS is expected to grow 33.4% year-over-year in the fiscal year 2022, ending January 31, 2022, but decline 9% in fiscal 2023. The companys revenue is expected to increase 18.7% year-over-year in fiscal 2022 and 19.3% in fiscal 2023. WDAYs EPS is expected to grow at a 15.8% rate per annum over the next five years.

In comparison, BILLs revenue and total assets increased at CAGRs of 54.3% and 79.7%, respectively, over the past three years.

Analysts expect BILLs EPS to remain negative in fiscal 2022 and 2023. Its revenue is expected to grow 127.3% year-over-year in fiscal 2022 and 36.9% in fiscal 2023. The companys EPS is expected to decline at a rate of 28.7% per annum over the next five years.

Valuation

In terms of non-GAAP P/E for the next fiscal year, WDAY is currently trading at 71.49x, compared to BILLs negative 261.22x. In terms of forward EV/Sales, WDAYs 12.12x compares with BILLs 32.58x.

Profitability

WDAYs trailing-12-month revenue is almost 15.9 times BILLs. However, WDAY is more profitable, with an 8.2% EBITDA margin versus BILLs negative value.

Furthermore, WDAYs ROA, ROE, and ROTC of 0.9%, 0.5%, and 0.7%, respectively, compare favorably with BILLs negative values.

POWR Ratings

While WDAY has an overall B grade, which translates to Buy in our proprietary POWR Ratings system, BILL has an overall F grade, equating to a Strong Sell. The POWR Ratings are calculated by considering 118 distinct factors, each weighted to an optimal degree.

WDAY has a C grade for Value, which is in sync with its slightly higher-than-industry valuations. WDAY has a 2.5x non-GAAP forward PEG, 55.8% higher than the 1.61x industry average. BILLs F grade for Value reflects its overvaluation. BILLs 32.58x forward EV/Sales is 703.3% higher than the industry average of 4.06x.

WDAY has a B grade for Quality, consistent with its higher-than-industry profitability ratios. WDAYs 35.3% trailing-12-month levered free cash flow margin is 200.2% higher than the 11.8% industry average. BILLs D grade for Quality is in sync with its negative trailing-12-month levered free cash flow margin.

Of the 166 stocks in the Software Application industry, WDAY is ranked #24, while BILL is ranked #158.

Beyond what we have stated above, our POWR Ratings system has also rated WDAY and BILL for Growth, Sentiment, Stability, and Momentum. Get all WDAY ratings here. Also, click here to see the additional POWR Ratings for BILL.

The Winner

The growing demand for cloud-based solutions should benefit both WDAY and BILL in the upcoming months. However, relatively lower valuation and higher profitability make WDAY a better buy here.

Our research shows that the odds of success increase if one bets on stocks with an Overall POWR Rating of Buy or Strong Buy. Click here to access the top-rated stocks in the Software Application industry.

WDAY shares were trading at $249.20 per share on Tuesday afternoon, down $5.11 (-2.01%). Year-to-date, WDAY has declined -8.78%, versus a -3.47% rise in the benchmark S&P 500 index during the same period.

Sweta is an investment analyst and journalist with a special interest in finding market inefficiencies. Shes passionate about educating investors, so that they may find success in the stock market. More...

Here is the original post:
WDAY: Which Cloud Stock is a Better Buy: Workday or Bill.com - StockNews.com

Read More..

Powering the Next Era of Cloud Services – Rapid launches Cobolt with exciting new features and limitless possibilities for your business – TechJuice

Earlier this week RapidCompute, Pakistans largest local cloud service provider, announced the formal launch of Cobolt (Powered by OpenStack), a platform that is aimed to provide the customers with tools that manage core cloud-computing services of compute, networking, and storage in a much faster and efficient manner. With the launch of this new product, they have also introduced a new customer portal Portal 3.0, which allows the customer to perform multiple operations that come with new product offerings as part of Cobolt.

Rapid has always considered itself to be a pioneer in cloud computing trends and services in Pakistan. Keeping in line with this approach, the organization has introduced some advanced features available on leading global clouds that enable the customer to manage their infrastructure through a simple and intuitive interface.

Portal 3.0 was developed with a very clear objective in mind; to provide users with complete control of their computing resources, the ability to create clusters and deploy multiple nodes in a complex environment with just one click. It is completely optimized for use on web browsers and iOS/Android tablets and phones for ready access to critical services on the go.

The portal was built with a modular approach to provide flexibility and agility. Integrating some of the globally used and locally sought products such as:

All of these products boost business agility, availability, and efficiency. It will not only give your IT staff better access to IT resources but will make it very convenient for developers to provision machines rapidly on-demand. Faster deployment of resources also means business units can roll out and complete projects earlier than before.

According to Mr. Shahzaib Khan, Commercial Head RapidCompute:

The portal is an easy way to deploy resources in complete harmony to the needs of your business. It enables the management to drive transformations required for the business to innovate faster and build a sustainable competitive advantage. In the age of customer, it is not just the enterprise sector that can benefit from OpenStack but also startups that are working on bringing new and innovative products to the market.

He also mentioned how the company engages with the customers for feedback which allows them to understand better what the customers seek. He also highlighted the cutting-edge features that RapidCompute provides, unlike any other cloud provider in Pakistan.

The edge we have of being a local cloud service provider is that our teams understand the needs of this market and are always working to bring the best practices and popular features used by international cloud providers.

On Cobolt (Powered by OpenStack), companies can adjust their infrastructure according to the needs of the business. OpenStack enables you to provision machines on-demand; they can significantly reduce development and testing periods and have more freedom to experiment with ideas. It is a platform that suits businesses of all sizes; it is designed to be ready for scaling, whether thats scaling up or down.

Imtiaz Ahmed Khan, Chief Technical Officer, Rapid, commented,

Being the pioneer of Cloud Computing in Pakistan, Rapid is constantly working towards integrating new products and cutting-edge features. With Cobolt, we are the first Pakistani cloud provider to be offering Magnum (Kubernetes as a Service) and Trove (Database as a Service). The launch of Portal 3.0 is just the beginning. Soon, youll be hearing about the addition of many more products to the Cobolt ambit.

Rapid is currently the largest public and private cloud provider in the country and recently celebrated a decade serving Pakistani enterprises. It has been Pakistans trailblazer in offering cloud computing, networking services, and management tools for digitizing all areas of businesses and industry.

Rapid continues to be one of the largest providers of cloud services to the government, financial sector, and large-scale enterprises. For procuring Rapids cloud services you can get in touch at sales@rapidcompute.com or info@rapidcompute.com.

Follow this link:
Powering the Next Era of Cloud Services - Rapid launches Cobolt with exciting new features and limitless possibilities for your business - TechJuice

Read More..

Shaping the Dallas Data Center Market: Supply and Demand Trends – Data Center Frontier

The data center development activity in the Dallas region suggests growing confidence in the future growth of demand in the Greater Dallas market. (Image: Digital Realty)

Last week we launched a special report series on the Dallas data center market. This week, well look at trends in market supply and demand in the Dallas/Ft. Worth region.

One of the primary factors driving data center activity in Dallas is the healthy economy and the growing list of large businesses, which generates demand for digital infrastructure.

Data center requirements in the DFW market come from companies both in and out of the market. The area is home to the corporate headquarters of 18 Fortune 500 companies including Exxon Mobil, JC Penney, AT&T, Texas Instruments, and others. State Farms data center in Richardson, just south of their 2.5 million SF regional office campus, is a good example.

In addition, a portion of the data center activity has come from companies tasked with upgrading aged data center infrastructure within an owned facility. Instead of reinvesting in the existing operation, many of those companies have chosen to house their infrastructure with colocation providers, fueling development in the area. This trend is pervasive across all major markets.

Companies from outside the Dallas market view the area as strategic for multiple reasons, including its central location. For enterprises that have data centers in primary coastal markets such as Northern California or New York City, the DFW market is a logical location to be in the center of the United States. In addition, the steady colocation supply delivered over the past few years puts DFW in a position to compete for large, national projects. Larger colocation providers completed record transaction sizes in DFW over the past few years, with some being as large as 10 MW of critical load.

The DFW market has been the beneficiary from the growth of cloud computing as well. Cloud providers, including IBM Softlayer and Rackspace have placed their infrastructure with larger colocation providers. For instance, at Digital Realtys 68-acre Richardson campus, a major portion of the 86 MW at the campus is accounted for by cloud providers. Additionally, hyperscale cloud companies are actively developing their own data centers and leasing capacity throughout the region. Its anticipated this trend will continue, as data center users further embrace cloud computing and cloud providers rely on larger colocation providers for infrastructure support.

From a demand perspective, the DFW market averages approximately 30 MWs of net new growth per year. This growth traditionally comes from financial, technology, managed services/cloud, telecommunications, and the healthcare industry. To handle the anticipated demand, several providers have announced expansions and/or entrances into DFW.

Its anticipated that pricing will remain aggressive in the DFW market given the amount of supply and new companies that are entering the market.

Development in the Dallas market is driven by major wholesale data center providers, who have been creating multi-building campuses to support long- term growth. Colocation and hyperscale players are also eyeing future capacity, adding up to massive planned capacity of 811 megawatts (5.5 million square feet) in Dallas/Fort Worth.

Nearly all of that is for future runway. There were just 11.25 megawatts of data center capacity under construction in 2Q 2021, representing 60,000 square feet. Thats an increase from just 2 MWs in 1Q 2021 and 4 MWs in 4Q 2020. The COVID-19 pandemic has been a factor in the construction slowdown, but some other markets (most notably Northern Virginia) saw building booms as the pandemic prompted major shifts to online delivery models for work, learning and entertainment.

The primary factor in the subdued pace of new construction is the inventory outlook in Dallas. There was 51 MWs of commissioned capacity available in 2Q 2021, while the leasing over the previous 12 months absorbed about 32 MWs, with 3.3 MWs coming in the second quarter, according to datacenterHawk. The vacancy rate was 11.96% in 2Q.

This is remarkably similar to the supply picture at the beginning of 2018, when the Dallas market had 50 MWs of available capacity, and 11 MWs under construction only with a higher vacancy rate of 15%. This history is important, reflecting a disciplined approach to expansion by providers in Dallas/Fort Worth, where most of the leading players have significant experience operating in the region.

This ample supply of available space, along with the number of providers in the market, creates a tenant- friendly buyers market. But several recent deals have begun to change that dynamic, as the large cloud and SaaS (software-as-a-service) players gobble up data center space in large chunks.

The key question is whether hyperscalers will build or buy. Some cloud platforms and SaaS providers have leased wholesale space in Dallas. But the largest deployments have been company-built campuses for Facebook in Fort Worth and Google in Midlothian, 25 miles southwest of Dallas.

Digital Realty has also sourced solar power from Pattern Energys 82.5 MW Phoenix Solar Project in Fannion County Texas to support its data center portfolio in Greater Dallas.

The regions data center capacity is spread across several sub-markets, including major carrier hotels in downtown Dallas, a nexus of wholesale data centers in the Telecom Corridor in Richardson, Plano, Garland and Allen. These northern suburbs are emerging as key to the regions data center supply, offering more land for the multi-building campuses that developers covet.

Fort Worth is about 30 miles West of Downtown Dallas, and has emerged as a sub-market to watch in the wake of Facebooks decision to build a data center campus in the Alliance Gateway business park.

Heres a look at some of the recent developments shaping the data center market in Dallas/Fort Worth area.

Download the full report, Dallas Data Center Market, courtesy of Digital Realty to learn more about this competitive data center market. In our next article, well the explore the regions business environment, including power, disaster risk, tax incentives, and connectivity. Catch up on the previous article here.

Go here to read the rest:
Shaping the Dallas Data Center Market: Supply and Demand Trends - Data Center Frontier

Read More..

Riding high on rapid cloud adoption, India’s SaaS sector is all set to score big in 2022 – Economic Times

Technology and digital transformation has been the key buzz word since a couple of years now, with large to small scale businesses shifting their operational activities to cloud and online for better productivity and ease of business activity. Owing to the pandemic and the lockdown that took into effect, working remotely became a necessity and organizations across sectors and sizes adopted to the new norms of remote working and digitization in their processes and offerings.

With growing uncertainty of the times and the likely realities of the "new normal," more and more organizations are now charting the course for transforming and moving towards cloud computing and digitization. Even looking at the global counterparts, Microsoft CEO Satya Nadella said that the company had seen two years of digital transformation in two months as even their customers had started adopting cloud solutions.

The global pandemic has somewhere pushed and accelerated the rate of adoption of cloud computing. It has acted like a catalyst and enabled flexibility with respect to cloud computation and acceptance. Gartner, in its research report stated that the worldwide end-user spending, post the pandemic, on public cloud services is forecast to grow 18.4% in 2021 to total $304.9 billion.

In addition to digital services and cloud computing, it has been projected that the growth of Indias SaaS industry holds immense potential. A report by McKinsey and SaasBoomi have predicted that this industry will be worth $1 trillion by 2030.

SaaS companies like Freshworks and Salesforce are just two of the many in this space. Freshworks became the first Indian SaaS company to list on Nasdaq on 22nd September21 and raised over $1 billion, with a market valuation to $10 billion. Freshwater IPO acted as a great deal in opening up doors for many other start-ups in the same space.

The Indian SaaS space has been growing rapidly, with projection expected to grow at ~30% CAGR over 202025 and double their share in the global market to 8%9% by 2025. India now has 13 SaaS unicorns as compared to one in 2018, with India being the third largest SaaS ecosystem globally, after USA and China.

However, I feel that overall, the rise of software as a service solution isnt going anywhere. Businesses from all sector and services are currently utilizing SaaS in some shape or form and as these options are only rising and would witness an exponential increase.

(Pradeep Gupta is Co-Founder & Vice Chairman, Anand Rathi Group)

Continue reading here:
Riding high on rapid cloud adoption, India's SaaS sector is all set to score big in 2022 - Economic Times

Read More..

Beyond the Cloud: Five Incoming Trends for 2022 Featured – The Fast Mode

What does the future of data networking look like in 2022? If the past two years are any indicators, we are entering a challenging year where supply chain issues, the impact of unforeseen variants, and a recovering global economy will set the stage.

Next year will be about continuing to build resiliency and cloud native computing to the edge. Increased demands from emerging applications from industrial IoT to virtual and augmented reality, autonomous vehicles and even the metaverse mean that we will see increasing innovative technologies with high bandwidth and low latency requirements that will impose on network buildouts. Were now a few years into the 5G era, and there is still a long road to travel before we can fully realize the benefits of 5G. Here are some predictions:

#1: Convergence of fixed and mobile for 'seamless services'

The intersections between the fixed network and 5G mobile networks will be a key component in the success of 5G deployment in 2022 and beyond. These are the interfaces between the 5G core, the wireline and wireless access networks, hybrid access nodes, and gateways.

3GPP is the 5G standardization buddy, working jointly with Broadband Forum to ensure that 5G packet core works for not only 3GPP access but also non-3GPP access such as Wi-Fi 6, fiber and so on. This means that a single 5G packet core infrastructure will be capable of sustaining all the main access technologies in the marketplace. Thus Wi-Fi 6 and 5G could be combined into a single radio network pillar for some larger venues, creating a more seamless experience, allowing Wi-Fi and mobile devices to connect to a single radio network based on 5G technology. The possibilities here are exciting.

Work towards 3GGP standardization, Release 18, will also begin in mid-2022. The fourth standard for 5G, dubbed "5G Advanced, " includes major enhancements in artificial intelligence and extended reality enabling highly intelligent network solutions to support a wider variety of use cases and more intelligence into wireless networks. These enhancements will provide the foundation for 5G manufacturing and industrial IoT applications.

#2: Cloud computing meets edge computing

We will continue to see the emergence of new applications hungry for ultra-reliable low latency communications applications from the connected car to interactive gaming, industrial robotics to the metaverse and more.

All these applications require latency below ten milliseconds. The public cloud is currently only capable of sustaining latency radically higher than ten milliseconds. The need for lower latency will ignite more enthusiasm towards Edge computing, bringing compute power closer to the devices that consume data and services. As a result, edge computing will continue to be a growing phenomenon next year, seeing more expansion to the edge.

#3: Need for more distributed cloud

The moment you combine large centralized public cloud with smaller edge data centers leads to the need for the distributed cloud. Distributed cloud is a public cloud computing service that lets you run public cloud infrastructure in multiple locations and manage everything from a single control plane.

Distributed cloud is the foundation of edge computing, viewed as creating a slice like a virtual data center that can span across multiple physical geographically distributed data centers, which allows service providers to deploy applications consistently regardless of where the physical application resides. This concept plays a key role in providing high availability services as we move forward.

#4: Migration towards 5G cloud native applications

The bulk of new applications will all be cloud native. It will be based on a DevOps environment, integrate continuous development, and be built using microservices over containers rather than traditional virtual machines or bare metal servers. 5G cloud native infrastructure is a key component and entirely necessary to reduce the overall costs of these services and applications.

#5: Rise of 5G private infrastructure

We will see growth in the deployment of private 5G networks next year in manufacturing facilities, airports, stadiums and 5G private networks at corporate headquarters. These will be deployed either over licensed or unlicensed spectrum and are fundamental for the success of 5G. More than 90% of data consumed by devices or users while indoors could be from a private 5G network; thus, it is imperative to ensure that with 5G, we get good coverage.

The 5G Core is the heart of a 5G mobile network. In 2022 momentum for standalone 5G rollouts will continue, but there is still a long road to go. A recent survey of mobile operators by Heavy Reading in October 2021 revealed that 49% of operators plan to deploy 5G SA within a year and that a further 39% plan to deploy 5G SA within one or two years.

Standalone 5G is ten times faster, supports 10,000 times more network traffic and can handle 100 times more devices than 4G networks while enabling one-fiftieth the latency with zero perceived downtime for near-real-time responsiveness. It can also support massive numbers of devices, faster and more agile creation of services and network slices, and improved SLA management support within those slices.

With specialized machine-to-machine communication protocols and many emerging applications, massive IoT is waiting for 5G infrastructure to deploy. The pandemic and the challenges to the supply chain and delays in 5G spectrum auction may have set us back 12 to 18 months, but the overall size of the opportunity has not changed. Instead, we see a shift in time. Like our best-laid plans, we must reset our expectations and continue the course. As we have seen in previous generations of mobile, our vision for the future of data networking beyond the cloud must be long-term and sustainable.

Original post:
Beyond the Cloud: Five Incoming Trends for 2022 Featured - The Fast Mode

Read More..

Paradigm4 Joins the Tetra Partner Network to Leverage Tetra Data into High-performing Analytical Computing Applications for Pharmaceutical Customers -…

BOSTON, Jan. 18, 2022 /PRNewswire/ --TetraScience, the R&D Data Cloud company, announced today that Paradigm4, an integrated scientific data analytics company, has joined the Tetra Partner Network (TPN) so that pharmaceutical customers can accelerate research decision-making using Tetra Data as a foundation for analytical computing.

"We're delighted to welcome Paradigm4 to the Tetra Partner Network so that customers can benefit from our complementary expertise in extracting full value from a range of scientific data sets," says Simon Meffan-Main, Ph.D., Vice President of Product for TPN. "Together we offer a seamless bridge from Tetra Data into Paradigm4's high-performance analytical computing platform so that customers can streamline laboratory processes and speed up research decision making."

The Tetra R&D Data Cloud ingests raw scientific data from disparate sources and engineers it into the industry's only universally adoptable format,Tetra Data, which is harmonized, compliant, liquid, and actionable. Tetra Data uniquely accelerates and improves scientific outcomes. Tetra Data can easily be incorporated into Paradigm4's life sciences solutions, which enable sophisticated analysis of instrument data and other large multimodal datasets. The company's REVEALTMAPIs, including REVEAL: Biobank and REVEAL: MultiOmics, are a suite of use case-specific applications that power discovery from population-scale to n-of-1 with FAIR data access and elastically scalable analytics and machine learning.

"By partnering with TetraScience, we are extending the scope of our support to customers in life science and pharma research, enabling them with end-end solutions that readily integrate instrument data such as proteomics data with Omics, imaging, and clinical data to extract biological understanding from their complex datasets," says Marilyn Matz, CEO and Co-Founder of Paradigm4.

"In order to unlock the potential of life science R&D labs and dramatically accelerate discovery, we must capitalize on the power of AI and data science. A precondition to enabling these capabilities is moving the industry away from a legacy data model of silos and point-to-point integrations, to a native and unified cloud-based data paradigm," explains Patrick Grady, Chief Executive Officer, TetraScience. "Our partnership with Paradigm4 is an example of what can now be done to enable the life sciences industry to accelerate discoveries that can help improve lives."

About TetraScienceTetraScience is the R&D Data Cloud company with a mission to transform life sciences R&D, accelerate discovery, and improve and extend human life. The Tetra R&D Data Cloud provides life sciences companies with the flexibility, scalability, and data-centric capabilities to enable easy access to centralized, harmonized, and actionable scientific data and is actively deployed across enterprise pharma and biotech organizations. As an open platform, TetraScience has built the largest integration network of lab instruments, informatics applications, CRO/CDMOs, analytics, and data science partners, creating seamless interoperability and an innovation feedback loop that will drive the future of life sciences R&D. For more information, please visit http://www.tetrascience.com.

About Paradigm4Paradigm4 is an integrated scientific data analytics company co-founded by a Turing Laureate. Its high-performance computing solutions are being used by pharma and biotech companies to uncover new insights in near real-time, capturing discoveries to make rapid progress in their research decision making. Users can streamline hypothesis generation and validation across multi-modal, proprietary and public datasets with the REVEALTMsuite of extensible apps, each of which provides an end-to-end application-specific solution. For more information, please visit http://www.paradigm4.com.

SOURCE TetraScience

Originally posted here:
Paradigm4 Joins the Tetra Partner Network to Leverage Tetra Data into High-performing Analytical Computing Applications for Pharmaceutical Customers -...

Read More..

Federal operations are moving to the edge. IT must follow. – Federal News Network

The federal government operatesan increasinglydistributed mission.Frombattlefields to warehouses toagricultural inspections, agencies need a technology architecturethatadaptstotheirdispersed yet complexcomputing needs.

The urgency of this need can be seen inthe astronomical rate of data growth, particularly at the edgeor beyond the traditional perimeter.By 2023,Gartnerpredictsthat over 50% of the primary responsibility of data and analytics leaders will comprise data created, managed and analyzed in edge environments.Consider sensors that monitorremote environments orwearables collecting insights fromfrontline workers; federalagenciesneedthe infrastructure to process and act on thistype ofdata, often at speed.

Edge solutions are the answer.

By combining localized computing, sophisticated Internet of Things (IoT) devices, and 5G network connectivity, edge solutions will help agencies conductdata-driven,advanced operations, no matter where the mission goes.The technology can deliver more timely analysis to soldiers on the battlefield, and can empower civilian agencies in essential mission sets, from telemedicine to disaster response.

The military recognizesthispotential. TheDefenseDepartments Joint All-Domain Command and Control (JADC2)plans to use edge computingto connect sensorsacrossmilitarybranchesinto a single network.Thiswill givecommanders vital information to drive warfighter performance in real time.

Edge solutionscan be used tocreate aconnectedcontinuum of actionable data from the cloud all the way to theoperationaledge.The technologysgreatest potentialliesinbringingthe best of what the cloud can offer including advanced tools like artificial intelligence and machine learning to the networks last mile.

In a recent report from Accenture,Extending IT to the Missions Edge,more than nine in 10 federaltechnologyleaders say thatedgesolutions areeithervery or extremely important to meeting their agencys mission needs.

For agencies operating dispersed missions orgenerating high volumes of data, edge solutions are critical to a holistic digital transformation.Itwill takea savvy marriage of cloud and edge capabilities to ingest and operationalizeincreasing quantitiesofdataacross alluse cases.Without a focus on the edge,agenciesmay be leaving valuable databehind.

For agencies migrating to the cloud, theresat least one important reasonto consider edge solutions now:Itsmore seamlesstoincorporateedge solutionsearlier in agencies digital transformations from an IT architecture and infrastructure point of viewratherthan bolting on solutions somewhere down the line.

Inaction today also opens the door to security vulnerabilities.Newendpoints could become a cyber liability if IT leaders dont actively plan for their safeguards.More than half (54%) of those surveyedin the Accenture reportcite cyber concerns as an obstacle to edge adoption.

Theresan opportunity to architect for that risk early, by implementinga common control plane in support of cybersecurityacrossbothcloud and the edge.

Edge solutions willbecomean essential element of agencies digital transformation, but careful planning is needed today to bring that potential to fruition.

Federal leaders cantakestepstoday to beginleveragingedgesolutionsin support of improved mission outcomes.How?

Wearesoongoing tosee a divide between those who are able tounderstand and take advantage ofedge solutions, andthosewho arenot.Agencies thatmove onedge solutions will have more intelligent insights to drive action across the mission, anywhere and everywhere.

Chris Bjornson is the Cloud Practice Leadand Kyle Michl is the Chief Innovation Officerat Accenture Federal Services.

Continue reading here:
Federal operations are moving to the edge. IT must follow. - Federal News Network

Read More..

Permiso emerges from stealth with $10M to tackle the next wave of cloud security – TechCrunch

Permiso, a Palo Alto-based startup that provides cloud identity detection and response for cloud infrastructures, has launched from stealth with $10 million in seed funding.

The company, founded by former FireEye executives Paul Nguyen and Jason Martin, joins an influx of cloud security startups that have emerged since the start of the pandemic, which saw organizations rush to digitize their operations to support employees working from home.

While arguably 18 months late to a now already-crowded market, Nguyen and Martin believe their detection response product is ready for the next wave of cloud security. The idea was inspired by conversations with Permisos angel investors, including Netflix, who said that their number one problem in the cloud was identity.

We started to realize that identity is the lynchpin that tells that story of whats happening in your cloud, and its also the foundation for how you build detection in the cloud, Nguyen tells TechCrunch.

Permiso provides organizations with visibility for identities in their cloud infrastructure to give real-time insights into who is in the environment and what they are doing. This, the startup claims, allows for simple and efficient attribution of access, activity and changes occurring in monitored environments, helping organizations to spot malicious or anomalous behaviors that could indicate compromised credentials, policy violations or insider threats.

Were a little ahead of the market, Martin said. No one, as far as were aware, other than the custom products that cloud-forward companies build for themselves, is focused on anchoring all activity around identity, the resources in that environment, and how they interact.

Permiso is billed as built by experts, usable by non-experts, which the startup says is key given the growing skills shortage in the cloud security market. When we looked at teams that were transitioning from on-prem[ise] to the cloud, it was like speaking English and trying to learn Farsi as a completely new language. Its starting from zero said Nguyen.

We built for 1% of the market for years, but that gets you 1% of the market. Now were going after the 99%.

The startups $10 million seed round was led by Point72 Ventures and included Foundation Capital, Work-Bench, 11.2 Capital and Rain Capital. It was also backed by a number of security industry leaders, including Jason Chan, former VP of Information Security at Netflix; Travis McPeak, head of Product Security at Databricks; and Tyler Shields, CMO at JupiterOne.

Permiso will use the funds to triple its current 15-person team and expand its current customer footprint.

Our investors have all solved this identity problem at scale in cloud-native problems, but other companies wont get to this point for another year or two, said Martin.

The rest is here:
Permiso emerges from stealth with $10M to tackle the next wave of cloud security - TechCrunch

Read More..

For IT professionals, these are the 5 job roles to be in demand this year – Mint

Hiring activity has picked up amid demand for fresh talent as well as efforts to retain the top talent, especially in the IT sector, that has been witnessing spike in attrition rates. As the hiring demand surges, here are the some of the top roles and skills that will be in demand this year for Indian IT professionals, as per Divyesh Sindhwaad, Regional Vice President of Skillsoft.

Cybersecurity:According to Skillsoft's2021 IT Skills and Salary report, 52% of IT decision-makers in the APAC region consider cybersecurity a priority for their team. More cybersecurity professionals are needed to protect organizations' valuable data and prevent cyberattacks.

Cloud Computing:This domain has been a critical investment area for many organizations since 2017 until today in the fast-evolving digital-first world. The samereport highlights that cloud computing is a key investment area for 43% of decision-makers. So, equipping yourself with cloud computing skills such as DevOps, Serverless Architecture, Automation, and QA will boost your career.

Big Data:The art and science of collecting, analyzing, and using data securely to make informed decisions, data management is the priority for IT leaders. But organizations struggle to find qualified talent to fill big data jobs and inAPAC alone, 23% of respondents have said the same.

Artificial Intelligence and Machine Learning: AI and ML have become part of our daily lives. They significantly drive automation that simplifies systems across industries, requiring organizations to constantly look for professionals skilled in this area. Job roles in this segment will be prioritized by 34% of APAC leaders.

Internet of Things: With more and more devices connecting with each other today and adoption rates soaring, IoT has become a hot new technology for businesses. From its infancy in 2015 to 2021, IoT devices have tripled and so is the requirement for IoT engineers. But it is one of the weaker skills set as reported by organizations either due to early-stage adoption or lack of skilled professionals.

Apart from these tech skills, individuals looking to kick start or advance their careers need to also focus on power skills. Skills such as analytical and critical thinking, complex problem solving, leadership, and social influence are touted as the skills of the future according to World Economic Forums2022 Skills Outlook," said Sindhwaad.

Subscribe to Mint Newsletters

* Enter a valid email

* Thank you for subscribing to our newsletter.

Never miss a story! Stay connected and informed with Mint. Download our App Now!!

See more here:
For IT professionals, these are the 5 job roles to be in demand this year - Mint

Read More..

Ghostbots, the Quest for Digital Immortality and the Law – JURIST

Mauricio Figueroa, Ph.D. Candidate at Newcastle University, Law School in United Kingdom discusses the impact that ghostbots, a recent innovation seeking to establish digital immortality, have on the law

Interacting with the dead is no longer science fiction. Digital technologies have evolved to the extent that they can beand are being usedto emulate the dead. During the last five years, media reports recount efforts of people who have tried and developed, with different degrees of success, chatbots based on a deceased persons digital data: ghostbots.

Just to name some interesting examples, in Washington State, data scientist Muhammad Aurangzeb Ahmad developed a ghostbot out of his deceased fathers data, so his children could talk to their grandfather. Elsewhere in the country, in California, James Vlahos also developed a ghostbot based on his deceased fathers voice notes, messages and pictures, dadbotas he refers to it. However, Vlahos moved one step forward and founded his own company, HereAfter AI, that would allow users to have conversations with virtual representations of loved ones, so everybody could have a ghostbot. By December 2021, HereAfter AI launched a YouTube video advertising this new product, with plans that start from USD $39 a year.

Having that said, many readers might recall the Black Mirror episode Be Right Back, where a widower attempts to bring his beloved husband back from the dead thanks to an online service which data-mines digital information of the deceased, such as messages and social media profiles. Edwards and Harbinja have conducted a comprehensive legal analysis on what happens to our digital data after we die andmore recently and based on the hypothetical scenario that Be Right Back sets forththe complexities of digital avatars of the deceased in terms of legal regimes, applicable norms and possible rights that would come into question.

They analyzed different legal issues from the American and EU Law perspective, such as access, management and ownership of digital remains (that is, pictures, videos, messages, profiles, locations, and so forth) and who can data-mine that information to create a digital avatar (ghostbot) of someone who has died. They also elaborate on personality rights and its possible implications for the dead, such as using the name, voice and likeness of the deceased.

However, the recent move posed by HereAfter AI (which was preceded by Eternime) may challenge the legal analysis introduced by existing literature on ghostbots. This is because, as opposed to the Be Right Back ghostbot, HereAfter AI products are based on consent:

The subject signs an agreement with HereAfter AI prior to their death, as opposed to having their information data mined by a third company without any specific consent for such a purpose; andThe subject records and uploads their own photos, chats and voice notes to the HereAfter AI system, which will be used for the development of the ghostbot. That is, HereAfter AI is not necessarily collecting information from other platforms, such as Facebook/Meta or Google.

The consent given by the subject for the explicit purpose of developing their ghostbot may override certain legal questions of privacy law, contract law (in terms of access and management of digital data) and personality rights. However, certain issues are still to be discussed: commodification and responsibility.

It is still unclear whether that ghostbot can be altered to advertize certain products with the people it interacts with. For example, if the ghostbot is based on a deceased who was a smoker or coffee drinker, can it be used to disseminate advertisements and marketing products for a particular brand of cigarettes or coffee? Or what would happen if it were then used to disseminate certain marketing products which were not related to the deceaseds features and likes? Law at this point is not clear and the internal ethics code may seem to be the only feasible solution.

HereAfter AI CEO says the company is not planning to monetize the ghostbots and the information stored for data mining and marketing. The truth is that this is only a set of good intentions, and it is well explored that the XXI century has brought a new economic logic where the market would not hesitate to use any means to modify our behavior. As Shoshana Zuboff explains, every piece of information is datafied, abstracted, aggregated, analyzed, packaged, sold, further analyzed and sold again [to produce] rewards and punishments aimed at modifying and commoditizing behavior for profit.

In that regard, we need to reflect what is going to be the role of law in framing or preventing any kind of abuse, especially when the traditional theory of human rights flourishes the living over the dead. It seems that digital technologies have changed various parts of the equation to the extent that the living and the dead are merging into a new context never seen before. Information is now produced, recorded, copied, shared, identified and sold as never before. The existing legal categories and institutions may be insufficient to challenge any abuse regarding the commodification of personality traits in ghostbots, but there must be some kind of opportunity for the law to evolve and take into consideration the limits of the market and the implications of post-mortem privacy.

The other element which needs a particular analysis is the issue of harm and responsibility. What happens when the ghostbot discloses information with the living that may be harmful, things that the living possibly did not want to know: for example, they were thinking of filing for divorce, they discovered they were adopted, etc. Also, what would happen in the event that the ghostbot, as opposed to alleviating grief, may cause dependence and frustration, preventing the living from moving on? Who, if any, should be held responsible? Again, this is an issue where Artificial Intelligence (AI) Law and contract law should come into play, but it does not seem a straight-forward answer.

The launch of HereAfter AI is disruptive, to the extent that it brings to a wider audience the opportunity to buy a ticket for a digital afterlife, that is, to be a ghostbot once they are physically gone. The company was actually founded by someone who interacts with a ghostbot himself and now is seeing a new opportunity to bring that experience into the market and to profit out of it. This new type of business may soften even more the frontiers between the dead and the living, a division which has increasingly been blurred in the past two decades with the advent of social media platforms. It is also an opportunity for legal reflection and analysis, since it may also indicate that it is time for the law to evolve and cope with this new reality, our reality.

Mauricio Figueroa is a Ph.D. Candidate at Newcastle University, Law School, United Kingdom. He holds an LL.M. from the Buchmann Faculty of Law, Tel Aviv University. He tweets as @mfiguerres_

Suggested citation: Mauricio Figueroa, Ghostbots, the Quest for Digital Immortality & the Law, JURIST Academic Commentary, January 18, 2022, https://www.jurist.org/commentary/2022/01/Mauricio-Figueroa-ghostbots-digital-immortality-law/.

This article was prepared for publication by Esther Chihaavi, a JURIST staff editor. Please direct any questions or comments to her at commentary@jurist.org

Opinions expressed in JURIST Commentary are the sole responsibility of the author and do not necessarily reflect the views of JURIST's editors, staff, donors or the University of Pittsburgh.

Continued here:

Ghostbots, the Quest for Digital Immortality and the Law - JURIST

Read More..