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Data Virtualization Cloud Market to Grow at an Exceptional CAGR of 25% as IT Sector Shift Towards Cloud-based Operations: Future Market Insights -…

DUBAI, U.A.E, Sept. 10, 2020 /PRNewswire/ -- According to a new market study by Future Market Insights (FMI), the global data virtualization cloud market is forecasted to witness substantial growth in terms of value between 2020 and 2030.

The report attributes the growth of the market to the growing trend of business resilience, cost optimization, and Infrastructure as a Service (IaaS) in the IT sector, which in turn, is propelling the adoption of data virtualization cloud. Moreover, shifting preference from local servers to cloud systems for easier data management is expected to fuel the growth of the market.

Along similar lines, multi-cloud deployment models are gaining remarkable traction in the IT sector owing to increasing emphasis on enhancing operational efficiency while keeping up with digital advancements. In addition to application portability offered by multi-cloud deployment models, they focus on acquirement, risk mitigation, and functionality, thus increasing the overall efficiency.

"As end-users in the IT sector upgrade to data-driven architecture and resort to cloud for numerous operations, market players are capitalizing the trend to make progress," opines FMI analyst.

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Data Virtualization Cloud Market - Key Takeaways

Data Virtualization Cloud Market - Key Trends

Data Virtualization Cloud Market - Regional Analysis

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Data Virtualization Cloud Market - Competitive Landscape

Some of the major market players operating in the market include IBM Corporation, Denodo, Informatica, Oracle Corporation, SAP, Tibco Software, Microsoft Corporation, Datometry, and VMware among others. Market players are focusing on expanding their consumer base by equipping their services with features that effectively serve end-user needs.

Data Virtualization Cloud Market - Taxonomy

Component:

Data Consumer:

Deployment Model:

End-use Industry:

Regional Outlook:

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Get Valuable Insights into the Data Virtualization Cloud Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global data virtualization cloud market, presenting historical demand data and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the data virtualization cloud market, allowing readers to glean qualitative and quantitative information which will enable them to make informed market decisions in the upcoming forecast period.

Explore Extensive Coverage on FMI's Technology Landscape

Global Internet Of Everything MarketThe global internet of everything market is anticipated to surpass an impressive revenue threshold by the end of the forecast period ranging from 2020 to 2030, concludes FMI's recently published research report on the market.

Virtual Event Platforms Market: FMI's compelling study on the virtual event platforms market sheds light on the prominent dynamics influencing the growth trajectory for the upcoming forecast period 2020-2030 through detailed segmental and regional analyses.

Web Real Time Communication Solution Market: The web real time communication solution market report offers a 360-degree analysis, bringing to the fore insights that can help stakeholders identify key challenges and opportunities across the upcoming decade's growth trajectory.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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NETINT Deploys Video Transcoding Technology in the Nimbix Cloud – HPCwire

VANCOUVER, British Columbia, Sept. 9, 2020 NETINT Technologies, provider of computational storage and video processing SoC solutions, announced the deployment of its video transcoding technology in the Nimbix Cloud.

Nimbix is a leading provider of purpose-built cloud computing for Video Processing, HPC, Simulation, Machine Learning, and Deep Learning applications. Nimbixs advanced cloud platform, JARVICE, supports private, public and hybrid cloud models spanning multiple regions and data centers.

Now deployed on Nimbix is NETINTs Codensity video processing technology featuring low-latency, real-time, high-quality, scalable transcoding for video streaming. NETINTs Codensity T408 transcoder enables operational benefits for both cloud compute providers and their customers.

Content Distributors have embraced cloud computing platforms due to the flexibility they offer. Cloud compute platforms such as Nimbix offer Content Distributors a means to rapidly spin up compute resources as required to meet immediate processing needs.

NETINTs Codensity technology increases compute density for video encoding applications. This increase in density expands the number of channels that can be encoded in a data center without increasing the server footprint size and is accompanied by savings in both power and facility HVAC costs, effectively reducing operational expenses and total cost of ownership. The T408s U.2 module form factor enables them to be easily installed into existing servers, creating a simple upgrade path for data center operators.

Content Distributors have embraced cloud computing platforms due to the operational flexibility they provide. The Nimbix Cloud offers Content Distributors a means to rapidly deploy accelerated compute resources as required to meet immediate processing requirements. In addition, Codensity enabled compute nodes feature unique capabilities that are optimized for video encoding applications including real-time, low latency encoding making NETINTs technology ideal for applications including cloud gaming and live streaming.

NETINTs Codensity encoding technology features best-in-class image quality when compared to other software and hardware-based encoding solutions. This high-quality encoding allows Content Distributors to utilize Nimbixs cloud-based encoding platform in a broader range of applications, including cloud-gaming, AI acceleration, social mobile video, surveillance, video conferencing, live streaming, OTT/IPTV and AR/VR.

Furthermore, Codensity encoding technology is compatible with FFmpeg, an open-source suite of video processing tools. This enables Content Distributors to easily and quickly integrate Nimbix Codensity compute platform into their existing encoding infrastructure.

As the demand for streaming content continues to grow, support for new emerging technologies including HDR10+ and 8K becomes critical. Codensitys support for both HDR10+ and 8K ensures Content Distributors who are utilizing Nimbix compute platform are future proofed as these technologies gain traction in the marketplace.

Cloud computing continues to gain traction in the marketplace due to its end-user advantages including increased agility and operational flexibility through scalable access to cloud-based compute resources, said Steve Hebert, Chief Executive Officer, Nimbix. With the explosive growth of streaming video, content distributors have increasingly utilized cloud-based video encoding as a cost-effective means of meeting increased demand. NETINTs Codensity video encoding technology, with its real time, low latency, high-quality encoding has given customers an option to simultaneously scale video processing capacity and lower their total cost of ownership.

With streaming video set to be the dominant form of internet traffic, Content Distributors need a scalable video encoding solution that easily scales as demand increases. said Tao Zhong, Chief Executive Office, NETINT Technologies. Nimbixs cloud-based encoding platform enables a lower total cost of ownership while simultaneously giving Content Distributors the flexibility and agility they need to adapt to dynamic market conditions. We congratulate Nimbix on the successful deployment of their Codensity encoding infrastructure and look forward to partnering with them in the future.

About NETINT Technologies

NETINT Technologies is an innovator of computational storage and video processing SoC solutions. Its Codensity portfolio enables cloud data centers, edge computing companies, and content providers to deploy scalable high-performance applications, while minimizing their data storage and video processing costs. NETINT, founded by an experienced team of storage SoC veterans, is a Canadian venture-funded high-tech company with R&D facilities in Vancouver, Toronto and Shanghai. For more information, visitwww.netint.ca.

About Nimbix

Nimbix is the leading provider of purpose-built cloud supercomputing for HPC, Machine Learning and AI applications. Its JARVICE XE multi-cloud HPC platform brings the power of JARVICE and the Nimbix Cloud to any on-premises cluster or multi-cloud environment, dramatically simplifying computing for HPC and AI applications within Energy, Life Sciences, Aerospace, Automotive, Electronics and other industries. For more information visit: Nimbix.net.

Source: Nimbix

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Cybercriminals Are Using Legit Cloud Monitoring Tools As Backdoor – The Hacker News

A cybercrime group that has previously struck Docker and Kubernetes cloud environments has evolved to repurpose genuine cloud monitoring tools as a backdoor to carry out malicious attacks, according to new research.

"To our knowledge, this is the first time attackers have been caught using legitimate third party software to target cloud infrastructure," Israeli cybersecurity firm Intezer said in a Tuesday analysis.

Using software called Weave Scope, which is used as a visualization and monitoring tool for Docker and Kubernetes services, the TeamTNT threat actor not only mapped the cloud environment of their victims but also executed system commands without having to deploy malicious code on the target server explicitly.

Then last month, the crypto-mining gang updated their modus operandi to exfiltrate Amazon Web Services (AWS) logins by scanning the infected Docker and Kubernetes systems for sensitive credential information stored in AWS credentials and config files.

While their method of gaining initial foothold hasn't changed, what has been tweaked is the mode of gaining control over the infected host's infrastructure itself.

Although the ultimate goal of TeamTNT appears to be generating cash via cryptocurrency mining, numerous groups that have resorted to deploying cryptojacking worms are successful at compromising enterprise systems in part because of exposed API endpoints, making them an attractive target for cybercriminals.

It's recommended that Docker API endpoints are access restricted to prevent adversaries from taking control over the servers.

"Weave Scope uses default port 4040 to make the dashboard accessible and anyone with access to the network can view the dashboard. Similar to the Docker API port, this port should be closed or restricted by the firewall," the cybersecurity firm said.

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HPE, Dell In Dead Heat In Server Market-Share Battle In 2020 – CRN: Technology news for channel partners and solution providers

HPE, Dell Battle For No.1 As Inspur Gains Steam

Amid the coronavirus pandemic, Hewlett Packard Enterprise has surpassed Dell Technologies in worldwide server revenue while Inspur is starting to become a major server competitor on a global basis, according to new data by market research firm IDC.

Global demand for enterprise servers was strong during the second quarter of 2020, said Paul Maguranis, senior research analyst for IDCs Infrastructure Systems, Platforms and Technologies Group. We certainly see areas of reduced spending, but this was offset by investments made by large cloud builders and enterprises targeting solutions that support shifting infrastructure needs caused by the global pandemic.

It is key to note that IDC declares a statistical tie when there is a difference of 1 percent or less in the share of revenue or shipments among two or more vendors. In this second-quarter 2020 report, IDC has declared statistical ties for first place and fourth place.

CRN breaks down the top five global server market-share leaders along with ODM Direct and a look at the overall server market in the second quarter of 2020.

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Inspur Information Unveils inMerge HCI Systems Targeting AI, Edge and Cloud Computing – Business Wire

SAN JOSE, Calif.--(BUSINESS WIRE)--Inspur Information, a leading provider of data center infrastructure products and solutions, and Nutanix, a leader in hyperconverged solutions, have jointly unveiled four inMerge HCI systems for emerging applications like AI, multi-cloud, and edge computing. With these diverse data center solution offerings, enterprises could dramatically speed up digital transformation.

The four HCI systems are built on Inspur's NF5280M5 server and i24 multi-node server, with targeted optimization of density, storage, and heterogeneous computing. They provide data center users with open, flexible, and powerful HCI solutions.

According to Gartner, the reach of hyperconverged infrastructure (HCI) is extending beyond small and medium-sized businesses to the data centers of large enterprises; the application scenarios are expanding from virtual desktop infrastructure (VDI), server consolidation, and remote/branch offices to full-stack scenarios that include software-defined data centers, multi-cloud management and other critical workloads. It is estimated that 70 percent of enterprises will be running some form of HCI by 2023.

Hyperconverged cloud-native architecture features short deployment times and easy O&M (operation and maintenance), making it a better choice for enterprises building their IT infrastructure. Inspur plans to work closely with Nutanix in improving technical testing and optimizing application scenarios to bring about a more robust data center of the future.

Designed to serve emerging business scenarios like AI, multi-cloud, and edge computing, Inspurs four inMerge HCI systems are: inMerge1000M5L (General Purpose), inMerge1000M5G (GPU Optimized), inMerge1000M5S (Storage Optimized), and inMerge900M5S (High-Density, Storage Optimized). The series simplified and flexible architecture helps users build an efficient and agile IT infrastructure.

Next-generation information technologies like cloud computing, AI, and edge computing are becoming new drivers behind the global economy. HCI is widely used in the Internet, finance, manufacturing, energy, and other major sectors. As hyper convergence technology matures and is applied to more specific scenarios, more and more enterprises will find value in adopting its stable yet flexible architecture to build their data centers.

About Inspur

Inspur Information is a leading provider of data center infrastructure, cloud computing, and AI solutions, ranking among the worlds top 3 server manufacturers. Through engineering and innovation, Inspur delivers cutting-edge computing hardware design and extensive product offerings to address important technology arenas like open computing, cloud data center, AI and deep learning. Performance-optimized and purpose-built, our world-class solutions empower customers to tackle specific workloads and real-world challenges. To learn more, please go to http://www.inspursystems.com.

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Northern Virginia remains the King of the Cloud – WTOP

Northern Virginia remains the world's largest hub for internet traffic with more new data center capacity coming online in the first half of 2020 than any other place around the globe.

Northern Virginia remains the worlds largest hub for internet traffic with more new data center capacity coming online in the first half of 2020 than anywhere else around the globe.

Commercial real estate firm CBRE reports Northern Virginia accounted for 70% of the 134.9 megawatts of net absorption among primary markets through June 2020. It continues growing, with the regions total data center inventory growing 24% year-over-year to approximately 1.3 gigawatts.

What is remarkable about Northern Virginia is that it is almost four times the size of the next largest data center market in the country, which is Dallas, CBRE Vice President Jamie Jelinek told WTOP. Globally, it is more than two times the size of the next largest market, which is London.

Northern Virginia also accounts for 64% of data center construction underway or planned in primary markets, and strong leasing activity is expected over the second half of 2020.

The region remains attractive for data center developers for three big reasons: A robust fiber network in the region, generous tax breaks and low utility rates. Data centers are, after all, energy hogs.

A four-megawatt, 20,000-square-foot data hall utilizes the same amount of power as 2,000 homes, Jelinek said. So it is a substantial amount of power within a small amount of space.

Data centers are responsible for storing and moving about huge amounts of valuable and sensitive data, and maintaining physical security at facilities is a top priority.

Id say almost every data center will have a security fence, security guards, multiple biometric and security access points before you can ultimately get to a server within the facility, Jelinek added.

There are currently around 90 large co-location centers in Northern Virginia, of which more than 80% are located in Loudoun County.

The seven primary U.S. data center markets are Northern Virginia, Dallas, Silicon Valley, Chicago, Phoenix, the New York Tri-State area and Atlanta.

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Wolters Kluwer Outlines Cloud-native Technologies for Optimizing Financial Services Operations in New White Paper – Business Wire

LONDON--(BUSINESS WIRE)--Financial services institutions globally have discovered that they are able to get a firm grip on the total cost of ownership (TCO) of their technology and operations by adopting cloud-native technologies. Now, as Wolters Kluwers Finance, Risk & Regulatory Reporting (FRR) business outlines in its new white paper, containerization, container orchestration and other concepts usually associated with cloud implementations are helping innovative firms adapt to rapidly changing economic conditions and keep costs under control, particularly in light of COVID-19.

With cloud technologies now widely accepted, senior management is being tasked to become more tech-savvy and embrace ways that technology can make a difference to an organizations bottom line. Cloud-native technology, at a fundamental level, ensures an institutions resources are used more efficiently by reducing fixed costs and allowing better management of available assets. The COVID-19 pandemic has highlighted the need for such operational flexibility.

The ability to shift operationally from a farm of servers costing tens of thousands of dollars to virtually zero if your activity suddenly dries up, is a substantial margin control tool that is enabled by cloud-native technologies, explains Steve Hostettler, Director of Product Software Engineering at Wolters Kluwer FRR and author of the paper. The benefits of using container technology shells that encapsulate applications specifically designed for the cloud do not, however, require immediately going to the cloud. Whether deployed on-premise or in the cloud, containers and container orchestration technology like Kubernetes, Docker and Helm help organizations respond to opportunities in times of economic expansion but also rapidly reduce costs when hit with a crisis like COVID-19.

Moving assets to the cloud is a natural way of optimizing TCO, making it easier to cope with variations in business volumes. Financial institutions were initially reluctant to move to the cloud, but cloud technologies have evolved substantially, becoming increasingly mainstream and industrialized.

Moving to the cloud can be done in three ways, the paper notes, depending on the number of legacy systems, the amount of investment, and the appetite for change within your organization. There are options to suit each situation, and choosing among a lift and shift approach, re-platforming, or a full re-architecting is a decision that will have to suit an institutions situation.

Notably, containerization and container orchestration represent a natural way to apply re-platforming on legacy applications that can support business strategy. Containerization and container orchestration are seen as ways to bridge typical on-premise architecture and the cloud. Containers use resources efficiently, enabling firms to pay for only what they need and nothing more.

To support their own Software-as-a-Solution offerings as well as customer deployments, innovative financial institutions are investing in containers and container orchestration, helping them manage in-memory grid computing capabilities supporting finance and risk modules for AnaCredit, MAS 610 and other regulatory requirements, adds Hostettler. Thinking about the future innovation, whether in the financial services industry or elsewhere, is no longer an if it is a must. To stay nimble and ahead of the curve, senior management at financial institutions must keep on top of developments in every aspect of the business, from regulation, to risk management, to business development and new revenue streams, to technology and operations.

Wolters Kluwer FRR, which is part of Wolters Kluwers Governance, Risk & Compliance division, is a global market leader in the provision of integrated regulatory compliance and reporting solutions. It supports regulated financial institutions in meeting their obligations to external regulators and their own board of directors.

Wolters Kluwer FRR receives frequent independent recognition of its excellence and innovation, celebrating a record year for award wins in 2019. Risk magazine recently awarded the company its coveted Regulatory Reporting System of The Year Award for the third year running and Wolters Kluwer FRR is the #1 provider in both Regulatory Reporting and Liquidity Risk according to the RiskTech100, as compiled by Chartis Research.

About Wolters Kluwer Governance, Risk & Compliance

Governance, Risk & Compliance (GRC) is a division of Wolters Kluwer, which provides legal and banking professionals with solutions to ensure compliance with ever-changing regulatory and legal obligations, manage risk, increase efficiency, and produce better business outcomes. GRC offers a portfolio of technology-enabled expert services and solutions focused on legal entity compliance, legal operations management, banking product compliance, and banking regulatory compliance.

Wolters Kluwer (AEX: WKL) is a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. Wolters Kluwer reported 2019 annual revenues of 4.6 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide.

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Cloud Applications Are Vital To The Future Of Work – e3zine.com

Whether employees are working from home or in field service: Because they do not need complex infrastructures, cloud applications are an essential building block of future digital transformation initiatives.

The COVID-19 pandemic posed a significant challenge for companies who had long been restrictive in their policies on working from home (WFH). They didnt have much time to prepare for WFH, and there was a lot to do: procuring and setting up computers for employees, creating the necessary technological infrastructure, e.g. installing Virtual Privacy Networks (VPNs), and, on top of all that, making sure that everything was in compliance with data protection regulations and labor laws.

Applications based on a traditional client/server architecture make functioning, efficient VPNs essential. Apart from issues with the internet connection itself, the VPN can also have broadband limitations. If suddenly a high number of employees uses the VPN, it slows down everyone who has worked from home these past couple of months will know how frustrating that can be.

Because of their inherent architecture, cloud applications have an advantage. They generally only need a computer, internet connection and a browser to access the application. Not even a traditional client is needed. Employees could even work from their own computers (if there werent some data security risks involved). Consequently, cloud solutions allow companies to flexibly react to unprecedented situations and unforeseen challenges of WFH just as COVID-19 forced them to.

A good example is accounting. Accounting is not a department used to working from home. If WFH becomes necessary, cloud applications enable employees to work from any computer without individual installations or special infrastructure. Billing or releasing invoices becomes quick, easy and efficient. Even in turbulent times like these, cloud applications can ensure business continuity.

The COVID-19 pandemic again showed just how important business continuity really is. New processes have been implemented out of necessity, and to ensure business continuity, even the staunchest cloud skeptics were forced to shift their perspectives. Cloud applications not only guarantee almost seamless business continuity during a global pandemic, but also facilitate the work of field teams and support modern ways of work. Consequently, cloud applications are an essential building block in future digital transformation initiatives.

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Worldwide Server Market Revenue Grew 19.8% Year Over Year in the Second Quarter of 2020, According to IDC – Latest Digital Transformation Trends |…

FRAMINGHAM, Mass.(BUSINESS WIRE)#IDCTrackerAccording to the International Data Corporation (IDC) Worldwide Quarterly Server Tracker, vendor revenue in the worldwide server market grew 19.8% year over year to $24.0 billion during the second quarter of 2020 (2Q20). Worldwide server shipments grew 18.4% year over year to nearly 3.2 million units in 2Q20.

In terms of server class, volume server revenue was up 22.1% to $18.7 billion, while midrange server revenue declined 0.4% to about $3.3 billion and high-end systems grew by 44.1% to $1.9 billion.

Global demand for enterprise servers was strong during the second quarter of 2020, said Paul Maguranis, senior research analyst, Infrastructure Platforms and Technologies at IDC. We certainly see areas of reduced spending, but this was offset by investments made by large cloud builders and enterprises targeting solutions that support shifting infrastructure needs caused by the global pandemic. Investments in Asia/Pacific were also particularly strong, growing 31% year over year.

Overall Server Market Standings, by Company

The worldwide server market ended 2Q20 with a statistical tie* between, and Dell Technologies for the number 1 position. HPE/New H3C Group finished the quarter with market share of 14.9% while Dell Technologies captured a 13.9% share of worldwide revenues. Inspur/Inspur Power Systems took third place with 10.5% share and impressive 77% year-over-year growth. Lenovo and IBM tied* for fourth with 6.1% and 6.0% share, respectively. The ODM Direct group of vendors accounted for 28.8% of total server revenue at $6.9 billion with year-over-year growth of 63.4% and delivered 34.4% of all units shipped during the quarter.

Top 5 Companies, Worldwide Server Vendor Revenue, Market Share, and Growth, Second Quarter of 2020 (Revenues are in US$ Millions)

Company

2Q20

Revenue

2Q20

Market

Share

2Q19

Revenue

2Q19

Market

Share

2Q20/2Q19

Revenue

Growth

T1. HPE/New H3C Groupa*

$3,582.4

14.9%

$3,646.4

18.2%

-1.8%

T1. Dell Technologies

$3,339.8

13.9%

$3,793.3

18.9%

-12.0%

3. Inspur/Inspur Power Systemsb

$2,532.9

10.5%

$1,431.0

7.1%

77.0%

T4. Lenovo*

$1,466.6

6.1%

$1,212.3

6.0%

21.0%

T4. IBM*

$1,449.7

6.0%

$1,188.6

5.9%

22.0%

ODM Direct

$6,917.6

28.8%

$4,232.7

21.1%

63.4%

Rest of Market

$4,748.1

19.8%

$4,563.5

22.7%

4.0%

Total

$24,037.1

100.0%

$20,067.8

100%

19.8%

Source: IDC Worldwide Quarterly Server Tracker, September 8, 2020

Notes:

* IDC declares a statistical tie in the worldwide server market when there is a difference of one percent or less in the share of revenues or shipments among two or more vendors.

a Due to the existing joint venture between HPE and the New H3C Group, IDC is reporting external market share on a global level for HPE and New H3C Group as HPE/New H3C Group starting from 2Q 2016.

b Due to the existing joint venture between IBM and Inspur, IDC is reporting external market share on a global level for Inspur and Inspur Power Systems as Inspur/Inspur Power Systems starting from 3Q 2018.

In addition to the table above, a graphic illustrating the worldwide revenue share of the top 5 server companies for the previous five quarters is available by viewing this press release on IDC.com.

Top 5 Companies, Worldwide Server Unit Shipments, Market Share, and Growth, Second Quarter of 2020

Company

2Q20 Unit

Shipments

2Q20

Market

Share

2Q19 Unit

Shipments

2Q19

Market

Share

2Q20/2Q19

Unit

Growth

T1. HPE/New H3C Groupa*

456,642

14.3%

443,632

16.5%

2.9%

T1. Dell Technologies*

432,556

13.6%

479,941

17.8%

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Worldwide Server Market Revenue Grew 19.8% Year Over Year in the Second Quarter of 2020, According to IDC - Latest Digital Transformation Trends |...

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Alfa Releases Second Paper on AI, Using Machine Learning in the Wild – Monitor Daily

Alfa, provider of Alfa Systems, released its second paper on artificial intelligence in the industry. Part 2: Using Machine Learning in the Wild is a more technical follow-up to 2019s Part 1: Balancing Risk and Reward and explores in two specific use cases which take very different approaches to machine learning implementation. It features a foreword from Blaise Thomson, whose speech technology startup VocalIQ was acquired by Apple and formed a part of the Siri development team.

AI and machine learning are front and center in the asset finance conversation at the moment but many dont know where to start how much expertise they need, what they can outsource, and where they should concentrate their efforts and costs, Martyn Tamerlane, a solution architect at Alfa and co-author of the paper, said. Our worked-through examples convey genuinely useful and practically applicable advice for people wanting to kick off their own machine learning projects. By comparing the approaches used, we offer advice on whats right for others.

The first example, which addresses automated license plate recognition and its ongoing embedding in business processes, takes an off-the-shelf approach to training machine learning models, drawing heavily on tools provided by AWS. Meanwhile, the second, which analyses Alfas internal code tests, is carried out wholly in-house with existing resources and knowledge. The paper also features a decision aid to help readers clarify how their projects might compare.

2019s Balancing Risk and Reward outlined the high-risk, high-reward nature of using AI in the asset finance industry, and machine learning in particular. Alfa will continue its commentary on AI in asset finance with further upcoming publications.

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