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How the TMF can enable broad improvements across government – FCW.com

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Agencies can learn from experience about how modernization investments can be sustained and scaled over time as they prepare their first round of proposals for the Technology Modernization Fund (TMF). Specifically, the TMF guidance from the Office of Management and Budget (OMB) calls for proposals that reach across the government enterprise to include:

public-facing or agency-facing shared services, including technical infrastructure that can offer agency technology teams a scalable, secure foundation for the rapid creation and modernization of digital services.

Our first two posts on enabling the TMF for success focused on how the fund could drive larger reforms across IT budgets, and how a strong link from the TMF to cybersecurity can lead to improved performance in the agencys high-value assets (their most critical mission and business systems). This third post speaks to the long-term value of taking an enterprise approach for TMF investments, consistent with the OMB guidance.

Linking the TMF to shared services continues a longstanding strategy to modernize governmentwide programs led by agencies that have the experience and expertise in specific domains. The current Quality Service Management Offices (QSMOs) for financial management, human resources, grants management, and cybersecurity demonstrate the continuity of this approach; all four QSMOs have their origins in the lines of business that were started as part of the 2002 funding strategy driving IT modernization, with cyber joining the list two years later.

The current QSMO construct provides a clear channel for TMF investments to support expansion in these four critical areas of government operations. Each QSMO is governed by a lead agency that collaborates across government to promote services that meet high standards. For example, Treasurys financial management experience enables solutions for other agencies to deliver social services to the public with accuracy and integrity, and the cyber expertise in the Cybersecurity and Infrastructure Security Agency supports modern approaches to protection of agency information and assets that serve the public. TMF funding that supports this government enterprise construct will spark and accelerate efforts that reach multiple agencies, increasing the return on this investment by modernizing processes beyond a single program or project.

Similarly, a number of agencies continue to develop enterprise service approaches that reach across their own programs in a way that allows their bureaus to focus on mission outcomes while relying on central provision of common functions. The Departments of Commerce and Labor are among the agency leaders in this space, and the TMFs impact would expand by making investments that support additional agency enterprise approaches.

Another path for investments with cross-agency impact comes at the infrastructure level, as noted by the OMB guidance. As each agency invests in modern computing capabilities that center around cloud computing platforms, the adoption of open and secure cloud platforms across agencies becomes a critical success factor for developing robust digital services; a recent IBM Center report highlights the benefits of open cloud infrastructure that supports open and interoperable applications. TMF funding that promotes pilot, prototype and scalable cloud-based infrastructure will also fund the foundation for digital applications, which agencies can adapt based on iterative improvement and public feedback over time.

This integration of governmentwide modernization at the infrastructure and shared service level with agency-specific digital investments provides a pathway for agencies to leverage the TMF for investment in systems and applications with scalable and sustainable returns over time, consistent with the TMFs goals and OMB implementation guidance. Such a strategy can have significant resonance and foster an improved experience for individuals who receive government services the subject of the next and final post in our series.

About the Authors

Dan Chenok is executive director of the IBM Center for the Business of Government.

Margaret (Margie) H. Graves is a visiting fellow with the IBM Center for the Business of Government. She formerly served as deputy federal CIO.

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Infrastructure is so 2019: Serverless computing usage tripled over the past year – ZDNet

Is there really such a thing as "serverless computing"? Of course not -- there's always a server somewhere in the mix. But there is a growing movement toward pushing all the backend requirements associated with server provisioning and management out to a cloud provider somewhere in the ether, and let them worry about provisioning, security, storage and all that fun stuff. Developers only have to worry about the application itself. Thus, serverless has gained traction among organizations of all sizes, from cloud-native startups to large enterprises.

That's the latest in a study released by Datadog, which sheds light on real-world serverless usage trends, based on data from millions of functions run by thousands of companies within the vendor's customer base. The survey's authors wanted to understand how serverless is being used in the real world.

The survey showed ongoing growth in AWS Lambda, Azure Functions and Google Cloud Functions. Lambda functions are invoked 3.5 times more often than in a similar survey conducted two years ago. "Today, teams are not merely experimenting with serverless, but making it a critical part of their software stacks," the Datadog authors report. "Our research indicates that companies that have been using Lambda since 2019 have significantly ramped up their usage. Additionally, within the same cohort of Lambda users, each organization's functions ran for a total of 900 hours a day, on average."

Lambda invocations are also much shorter today than a year ago, the study finds, and are increasingly used to power customer-facing applications that require low latency. "In 2020, the median Lambda invocation took just 60 milliseconds -- about half of the previous year's value," the authors note. "One possible explanation is that more organizations are following Lambda best practices and designing functions to be highly specific to their workloads, which helps reduce the duration of invocations." Lambda "is not just powering short-lived jobs, but also more computationally intensive use cases," they add. .

AWS Lambda is the most mature and widely used serverless offering, but the survey authors also report impressive growth in adoption of Azure Functions and Google Cloud Functions, which have both seen growth in adoption within their respective cloud platforms as well. In the past year, the share of Azure organizations running Azure Functions climbed from 20% to 36%. On Google Cloud, nearly a quarter of organizations now use Cloud Functions. While Google has been in the serverless/Function as a Service space for more than a decade (starting with Google App Engine), "today, we see momentum shifting toward Google's newer serverless offerings, namely Cloud Functions and Cloud Run," the Datadog authors observe.

Another bellwether of serverless adoption is uptake of open source infrastructure-as-code projects such as the Serverless Application Framework and AWS Cloud Development Kit. "The Serverless Framework alone saw downloads grow from 12 million in 2019 to 25 million in 2020," the study notes.

The researchers considered a company to have adopted AWS Lambda, Azure Functions, or Google Cloud Functions if they ran at least five distinct functions in a given month.

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Morningstar warns about thematic tech investing, popularized recently by Cathie Wood – CNBC

Thematic tech investing is exploding in popularity. Everyone wants to invest in funds that own clean energy, cybersecurity, electric vehicles, e-sports, robotics, 3D printing and cloud computing.

But watch out, Morningstar warns: Most of these funds do not outperform the markets, have high fees, high failure rates, and run the risk of too much concentration that could cause stocks to tank should investors suddenly flee the funds.

A bull market and easy-to-understand themes have created an explosion of interest in thematic investing as people seek to put money into narrow areas of the investing universe, most of it technology themed.

In the U.S. alone, thematic funds have ballooned to more than $160 billion in assets by the end of March, from about $49 billion at the end of December 2019, according to Morningstar.

But a small group of funds is gathering the lion's share of the business.While 41 thematic funds now have assets over $1 billion, the top 10 largest account for just under half of all the assets.

While most thematic funds are tied to indexes, some are now actively managed. Cathie Wood's ARK funds, a series of actively managed funds with a small number of concentrated bets, has attracted massive inflows.

Not surprisingly, investors tend to rush into thematic funds, particularly thematic tech, during bull markets.Launches set records in 2016, 2018 and 2019, according to Morningstar. In 2019, a particularly strong year for stocks (the S&P 500 was up 29%),providers launched almost 40 new thematic ETFs.In 2020, also a strong year, a record 55 new thematic strategies came to market.

The answer, for the most part, is no.

While thematic tech investing did well during 2020, the record is much poorer over longer periods.

Thematic investing by its nature is prone to investors chasing hot themes:Clean energy, cloud computing, electric vehicles, battery technology, virtual reality, gaming, robotics, artificial intelligence, cybersecurity. These themes come in and out of popularity.Thematic investors are making a bet that they have picked a winning theme, but because thematic funds pick narrow, often volatile, parts of the market that fall in and out of favor, they suffer from high failure rates: Nearly one-third of all thematic funds have closed in the last 10 years and 34% have underperformed the broader equity market.

A major contributor of thematic investing underperformance has been high fees. Thematic funds, many of which are actively managed, charge much higher fees than broad funds and even most ETFs.

By comparison, the iShares S&P 500 ETF, a passively managed fund, charges an annual fee of only 0.03%.

"High fees charged by thematic funds have contributed to their relatively poor performance versus broad market indexes over longer periods," Morningstar said.

Morningstar also noted that a small number of actively managed funds have accumulated very large positions in many small-cap stocks, particularly Wood's Ark Innovation fund.

This concentrated ownership means that the stock prices may be subject to the whims of investors in the fund: "The liquidity promised by the ETF structure means investments can be pulled out on a whim," Morningstar noted.

Thematic investing is fun and easy to understand. I'm buying cybersecurity!I own fintech!I love clean energy!

If you like the theme but don't have the resources to investigate individual companies, thematic investing makes sense.

But Morningstar's report is a flag for investors:Don't kid yourself. You have not found the Secret of Stock Market Wealth.

"Some of the same individuals will likely get burnt when the fortunes of the more popular themes inevitably wane and investors swarm for the exits," Morningstar warns. "As timely as they may seem now, some themes will age poorly. Investors must ask themselves:Will that work-from-home ETF still be relevant in three years' time?"

What's the average investor to do? "Because of their narrower exposure and higher risk profile, thematic funds are best used to complement rather than replace existing core holdings," said Kenneth Lamont, senior research analyst at Morningstar and the author of the report.

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Global Healthcare Cloud Computing Market 2021 Impact of COVID-19 on Industry Revenue, Growth and Forecast Period 2028 The Courier – The Courier

The Latest Healthcare Cloud Computing Market Research Report 2021 2028 published by MARKET RESEARCH INC. The research report provides comprehensive analysis of its current and future trends, opportunities, market size, share, status and revenue growth. The report firstly introduced the Healthcare Cloud Computing Market basics: Definitions, Classifications, Applications, and Market Overview, Product Specifications, Manufacturing Processes, Cost Structures, Raw Materials and so on. The main objectives of this research study include an overview of Healthcare Cloud Computing market strategies, SWOT Analysis, technical innovation, market competition, goods and services, government policies and regulation.

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The Healthcare Cloud Computing Market is growing at a High CAGR during the forecast period 2021-2028. The increasing interest of the individuals in this industry is that the major reason for the expansion of this market. The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Global Healthcare Cloud Computing Market based on various segments. It also provides market size and forecast estimates from year 2021 to 2028

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The Jakarta Post

SpaceX will launch a satellite to the Moon next year funded entirely with the cryptocurrency Dogecoin, Canadian company Geometric Energy Corporation, which will lead the lunar mission, announced Sunday.

The satellite, dubbed DOGE-1, will be launched aboard a SpaceX Falcon 9 rocket in the first quarter of 2022, the Calgary-based company said in a statement.

The cubic satellite, weighing 88 pounds (40 kilograms), will aim to obtain "lunar-spatial intelligence from sensors and cameras on-board," according to the statement.

The "DOGE-1 Mission to the Moon" will be "the first-ever commercial lunar payload in history paid entirely with" Dogecoin, Geometric Energy Corporation said, without specifying how much the project cost.

"We're excited to launch DOGE-1 to the Moon!" Tom Ochinero, SpaceX vice president of commercial sales, said in the statement.

"This mission will demonstrate the application of cryptocurrency beyond Earth orbit and set the foundation for interplanetary commerce."

The announcement comes the day after SpaceX founder Elon Musk hosted the live sketch comedy show "Saturday Night Live" (SNL), during which he praised Dogecoin, originally created as a joke but legitimized through the eccentric tech entrepreneur's tweets.

A big booster of cryptocurrencies, the Tesla CEO described Dogecoin in an SNL skit as "an unstoppable vehicle that's going to take over the world."

Musk shared the lunar mission announcement on Twitter Sunday, writing, "To the mooooonnn!!"

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www.thejakartapost.com

Diane Bartz (Reuters)

Washington, United States Tue, May 18, 2021 2021-05-18 12:31 10 0920e6703081f028872405a5264b378f 2 World Elon-Musk,cryptocurrency,Scam,celebrity Free

Fake promised giveaways by celebrities such as Tesla CEO Elon Musk are being used by scammers to cash in on interest in cryptocurrencies, the US Federal Trade Commission said on Monday in noting a jump in complaints about cryptocurrency fraud since October.

In one type of scam, people are told that if they give a certain amount of crytocurrency to a "celebrity" they will get more back.

"People have reported sending more than $2 million in cryptocurrency to Elon Musk impersonators over just the past six months," the FTC said.

Musk had been a supporter of cryptocurrencies but recently knocked dogecoin by calling it "a hustle" on national television. He has also recently said that bitcoin would not be accepted to buy a Tesla because of the environmental costs associated with mining it.

Scammers also impersonate government authorities or a potential romantic partner, the FTC said.

Overall, nearly 7,000 people reported losses of more than $80 million since October, with a median loss of $1,900, the agency said. That's twelve times more reports of scams than the same period a year earlier, the agency said.

People in their 20s and 30s were the biggest victims, reporting losing much more money on investment and cryptocurrency fraud than any other type of scam. Older people, over 50, were less likely to report falling for the scams but when they did the losses were bigger, with a median loss of $3,250.

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What the Future Holds for the Attractive Cryptocurrency Market – Yahoo Finance

Cryptocurrencies have rapidly garnered popularity over the past few years as a form of digital currency that can be used for online transactions, leading their prices to skyrocket. However, on May 19, cryptocurrency prices hit a bump following a tweet from Tesla CEO Elon Musk where he said that the company would no longer accept Bitcoin, a popular cryptocurrency, as a form of payment due to the increasing use of fossil fuels for Bitcoin mining and transactions. Moreover, the Chinese government banned financial institutions from providing cryptocurrency services.

Nonetheless, cryptocurrency prices have been on a recovery path since then. In fact, Bitcoin prices rose around 4% in the afternoon of May 24, after Elon Musk tweeted that he had spoken to North American Bitcoin miners over the sustainability of Bitcoin, as quoted in a CNBC article. In any case, cryptocurrencies have had a stellar run over the past year. Per data from Coinbase, prices of popular cryptocurrencies like Bitcoin, Ethereum, Cardano and Dogecoin were up way more than 100% over the past year, as of May 28 morning. Adding to that, the cryptocurrency market is also expected to continue a good run. Notably, ReportLinker stated that the cryptocurrency market is expected to reach $2.2 billion by 2026 from $1.6 billion estimated in 2021, at a CAGR of 7.1%, as mentioned in a GlobeNewswire article.

So, what has led to this rapid rise in the demand for cryptocurrencies? The answers are varied but importantly, cryptocurrencies offer a decentralized form of transaction without the involvement of any middleman, making it more convenient. Moreover, cryptocurrencies make use of blockchain technology, which is considered as secure and protects the identity of the user. Meanwhile, the transaction fee for cryptocurrency is also comparatively lower than what is charged in the traditional financial system.

Reflective of the opportunities that cryptocurrency holds, various companies are entering into the cryptocurrency fray. Markedly, technology heavyweight Facebook has been attempting to introduce a digital currency and after facing several headwinds, it is set to introduce Diem in 2021, a stable coin that will be pegged to the U.S. dollar, as cited in another CNBC article. Meanwhile, cryptocurrency mining company Riot Blockchain, Inc. RIOT recently announced that it has completed the acquisition of Whinstone from Northern Data, as quoted in another GlobeNewswire article. Interestingly, the article stated that commencing in early 2020, Whinstone built the largest Bitcoin hosting facility in North America, as measured by developed capacity, and Riot Blockchain plans to rapidly bring the property acquired to its current capacity of 750 megawatts.

Story continues

Furthermore, visual computing company NVIDIA Corporation NVDA has ventured into cryptocurrency by providing cryptocurrency mining processors (CMPs) and in the recently concluded fiscal first quarter of 2022, NVIDIA reported revenues of $155 million from CMP cards. Moreover, the company expects CMP sales to reach $400 million in the current quarter. Notably, both Riot Blockchain and NVIDIA carry Zacks Rank #2 (Buy). You can see the complete list of todays Zacks #1 Rank (Strong Buy) stocks here.

Meanwhile, digital payment company PayPal Holdings, Inc. PYPL, recently announced that it would add support to external cryptocurrency wallets that will allow users to make Bitcoin transfers off their platform, as quoted in an Independent article. Moreover, Square, Inc. SQ stated that revenues from Bitcoin sales rose to $3.51 billion during the first quarter of 2021 compared to $306 million in the year-ago quarter.

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What is cryptocurrency and why did the market drop? – KING5.com

Some cryptocurrencies recently saw their biggest drop in years.

SEATTLE Digital currencies are a form of payment. You can use them in exchange for goods and services.

Cryptocurrencies work using a technology called "Blockchain." It's essentially a very secure and permanent leger of all cryptocurrency transactions. It's able to connect computers from all around the world.

Some of the more common cryptocurrencies are Bitcoin, Ethereum and Dogecoin.

These digital currencies have skyrocketed in popularity over the past few years. However, in just the last week, something big happened in the crypto world. All the markets experienced a massive drop. For some cryptocurrencies, it was the biggest drop they'd seen in years.

The massive decline came after Tesla reversed course and said it would no longer allow you to buy a Tesla vehicle using Bitcoin. China's move toward cracking down on cryptocurrency use in the country also contributed to the drop that's now being dubbed "The Great Crypto Crash of 2021." A total of $1 trillion was wiped out from the market in just one week.

Experts blame the market's erratic movement on it being so new. Scott Smallman, managing director of Wedbush Securities, says there just aren't as many players.

"The markets don't have the level of depth that they that they might have for, you know, Starbucks stock or something like that," he said.

Experts also point to amateurs investing in cryptocurrency with money they don't have.

They're also owned by people who usually keep a close eye on the market. When the future looks uncertain, investors can quickly pull their money out. That's also known as panic selling. This can help exacerbate gains or losses on the crypto market.

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Sioux Falls CoinLion weighs in on recent volatility in cryptocurrency – KELOLAND.com

SIOUX FALLS, S.D. (KELO) Cryptocurrency has been a growing topic in the financial world for a little more than a decade, but recently the fast-growing industry took a significant dip.

We focus on auto trading within the Cryptocurrency space, CoinLion CEO Eric McDonald said.

CoinLion is a Sioux Falls based crypto trading company designed for people who have no idea what theyre doing.

We try to make this as simple as possible because crypto is a little confusing, so we spend a lot of time white gloving this, so people know what theyre getting into, McDonald said.

Part of that is understanding that youre entering a routinely volatile investment space.

Every month for the last six months, you see a large pull back, sometimes its 17 percent, sometimes its 30 percent, McDonald said. We saw recently a pull back of about almost 50 percent over the course of 12 days. So from my perspective, thats not a surprise. Its almost like clockwork. Every three weeks you see crypto have a strong pull back.

But even with the recent drop, he says Bitcoin and Ethereum, the two main forms of Cryptocurrency, are still growing.

When I say its pulled back 40 to 50 percent, if you look at what its done year over year, its still up about 300 to 400 percent. It was up about 700 percent, now its only up about 350 percent, still really good, McDonald said.

While some are waiting for the time a crypto dip wont recover, McDonald believes this type of decentralized currency is here to stay and will only grow in the future.

When you see a dip like this, you get two reactions, one is of panic, Im going to sell, or this is my opportunity Im going to buy in, this is a great time to be buying, in my opinion, McDonald said.

While McDonald says clients arent pulling their 401ks or IRAs from the traditional stock market, he says many large financial firms like PayPal andJ.P. Morganare now investing in cryptocurrency, which is helping to decrease the risk of the growing market.

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Why Cryptocurrency Stocks Popped Today – The Motley Fool

What happened

Cryptocurrency stocks had a great start to the day on Thursday as Bitcoin (CRYPTO:BTC) and other digital currencies jumped sharply early in the day. With the rise in crypto prices, it's no surprise that crypto stocks increased as well.

BIT Mining (NYSE:BTCM) led the way today and was up 33.9% at its high, whileSOS Ltd (NYSE:SOS) rose up to 17.1%, and Bit Digital (NASDAQ:BTBT) was up 12.5%. The stocks fell sharply off their highs but were still up 23.3%, 16.6%, and 4.2%, respectively, at the close.

Image source: Getty Images.

After hitting lows near $37,000 overnight, Bitcoin rose to over $40,000 early in the day on Thursday. That was the cause of the early pop in trading for cryptocurrency stocks. As I'm writing this, Bitcoin has fallen back to about $39,000, which is why these stocks have fallen back.

Beyond the price of crypto, BIT Mining announced this week that it plans to build a 100 megawatt (MW) crypto-mining data center in Kazakhstan. This follows an announcement last week that it will invest in a crypto-mining data center in Texas. These moves could be a way to escape some of the restrictions the Chinese government is putting on cryptocurrencies.

One of the biggest risks for cryptocurrency miners is that their assets will lose value because of government restrictions like the ones China recently implemented. So the fact that companies are diversifying where they have data centers and are even discussing adding more renewable power sources should be seen as a positive for the industry. And with some stability coming back to crypto prices, the market is diving back into mining stocks.

Cryptocurrency miners will move with underlying cryptocurrencies like Bitcoin, so the volatility in the market will likely continue to push stocks sharply higher or lower each day. For long-term investors, this volatility is part of the crypto business and should be seen as a risk of owning the stocks.

Investors should also keep in mind that miners might be even more volatile than cryptocurrencies long term, just like traditional mining companies are more volatile than commodities. This is because of the operating leverage that's inherent in the crypto mining business.

We should also keep an eye on how crypto mining diversifies in the long term. Most of the world's crypto mining is currently in China, and if that continues, it's a big risk. But if mining is spread around the world, it could reduce government-related risk.

This article represents the opinion of the writer, who may disagree with the official recommendation position of a Motley Fool premium advisory service. Were motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

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