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Illinois advances pioneering proposal for utility rate recovery of cloud computing investments – Utility Dive

Dive Brief:

A smarter grid requires more computing power to manage, and utilities say they want to focus on delivering electricity rather than building server rooms. The new rules would remove a disincentive for utilities to outsource their computing needs.

"Cloud based solutions, by definition, allow for greater flexibility in that they allow utilities to scale up and back data storage needs in a manner that on-premise solutions may not," ODowd told Utility Dive.

The new ICC rules would allow utilities to seek the most appropriate computing solutions without having to forego a rate of return when those investments are made in off-site systems. The ICC's rulemaking says it aims to level the playing field between on-premises and cloud-based computing solutions.

A previous version of the rules approved the accounting changes but required a cost breakdown from cloud providers and meant utilities would need to compare cloud computing functions to determine whether money spent was for an operating expense or a capital investment. Allowing utilities to claim 80% of cloud expenses as capital investments simplifies that process without placing onerous burdens on providers.

"The proposed revisions add clarity, will streamline administration of the proposed rule, and will further promote additional benefits to customers, harnessing the flexibility, efficiency, and scalability of cloud-based solutions," ODowd said.

The new proposed rules were published May 8 on the ICC web site.Following two rounds of comments, due May 19 and 26, the ICC can approve the new accounting treatment and send the rules to the Illinois Joint Committee on Administrative Rules for consideration. If the rules are approved, the ICC will then need to issue an order by the end of October to implement it.

There is little opposition to the new accounting approach, say experts. And the rules will likely be adopted.

The Illinois Attorney General's (AG) office previously called the proposed rules "qualitatively different and unnecessary" and argued it "would create an undue burden on third-party vendors of cloud-based solutions that would, in turn, diminish the competitiveness of any utilitys bidding process for third-party cloud-based solutions contracts."

However,those objections were filed before the latest revision to the rules, and the Illinois AG has not commented since and did not respond to Utility Dive questions.

Other states, including Alabama and New York, have taken steps to allow cloud computing expenses to be capitalized, but experts say Illinois' effort is by far the most detailed. The commission opened the rulemaking in December 2017.

ComEd says it has no immediate plans based on the proposed new rules.

"ComEd will continue to evaluate both on-premise and cloud-based solutions to ensure that the product chosen is best suited for the needs of the utility and its customers for the specific situation," ODowd said.

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Managed Hybrid Cloud Hosting Market Research, Size, Share Analysis By Manufacturers, Regions, Type And Application To 2025 – News Distinct

Global markets continue to sink as the corona virus spreads, reaching over 200 countries in total by the end of March. Now the outbreak continued to grow, as the number of cases in USA, Italy, Spain, Germany, France all spiked, Europe and USA have now become the epicenter of the outbreak, Cases in China appear have steadied in April, but theres growing concern about the overall impact to the global Managed Hybrid Cloud Hosting market. This study analysis was given on a worldwide scale, for instance, present and traditional Managed Hybrid Cloud Hosting growth analysis, competitive analysis, and also the growth prospects of the central regions. The report gives an exhaustive investigation of Managed Hybrid Cloud Hosting industry at country & regional levels, and provides an analysis of the industry trends in each of the sub-segments, from sales, revenue and consumption. A Managed Hybrid Cloud Hosting quantitative and qualitative analysis of the main players in related regions is introduced, from the perspective of sales, revenue and price.

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According to Orbis Reports, the global Managed Hybrid Cloud Hosting market was valued at USD xxx million in 2019, and it is expected to reach a value of USD xxx million by 2025, at a CAGR of xx% over the forecast period 2021-2025. Correspondingly, the forecast analysis of Managed Hybrid Cloud Hosting industry comprises of Asia, North America, South America, Middle East and Africa, Europe, with the sales and revenue data in each of the sub-segments.

At the upcoming section, Managed Hybrid Cloud Hosting report discusses industrial policy, economic environment, in addition to the fabrication processes and cost structures of the industry. And this report encompasses the fundamental dynamics of the Managed Hybrid Cloud Hosting market which include drivers, opportunities, and challenges faced by the industry. Additionally, this report showed a keen market study of the main consumers, raw material manufacturers and distributors, etc.

In order to stop the spread of the COVID-19 outbreak, countries and world capital have been put under strict lockdown, bringing a total halt to major industrial production chains. It has caused supply chain disruptions for nearly three-quarters of U.S. companies, and in the second quarter, domestically consumption is likely to be hit even harder. The same situation also appeared in Europe, as the epidemic has required large-scale restrictions on the movement of people, investment, consumption and exports will all be strongly impacted by the epidemic, domestic production and consumption will plummet in the first half of 2020. We expected a U-shaped recovery in the second half of the year in USA and Europe market.

China, Japan, South Korea, India, and other Asia countries took the lead in introducing unprecedented measures to contain the virus, the market confidence in Asia-Pacific region is returning, EU and USA have relaxed its fiscal rules with maximum flexibility, this will stimulate the market demand in the second half of 2020.

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Geographically, this report is segmented into several key Regions, with production, consumption, revenue (M USD), market share and growth rate of Managed Hybrid Cloud Hosting in these regions, from 2020 to 2025 (forecast), covering

Asia-Pacific (China, Japan, Korea, India and Southeast Asia)North America (United States, Canada and Mexico)Europe (Germany, France, UK, Russia and Italy)South America (Brazil, Argentina, Columbia)Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Global Managed Hybrid Cloud Hosting market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including

Amazon Web Services (AWS)MicrosoftTata CommunicationsRackspaceDatapipeSifyNTT CommunicationsNxtGenBTCtrlS DatacentersCenturyLinkDimension Data (NTT Communications)FujitsuSingtelTelstra

On the basis of product, this report displays the production, revenue, price, Managed Hybrid Cloud Hosting market share and growth rate of each type, primarily split into

Cloud-basedOn-premises

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Managed Hybrid Cloud Hosting for each application, including

ManufacturingRetailFinancialGovernmentOthers

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Managed Hybrid Cloud Hosting Market Growth by Top Companies, Trends by Types and Application, Forecast to 2026 – Cole of Duty

Telstra

Moreover, the Managed Hybrid Cloud Hosting report offers a detailed analysis of the competitive landscape in terms of regions and the major service providers are also highlighted along with attributes of the market overview, business strategies, financials, developments pertaining as well as the product portfolio of the Managed Hybrid Cloud Hosting market. Likewise, this report comprises significant data about market segmentation on the basis of type, application, and regional landscape. The Managed Hybrid Cloud Hosting market report also provides a brief analysis of the market opportunities and challenges faced by the leading service provides. This report is specially designed to know accurate market insights and market status.

By Regions:

* North America (The US, Canada, and Mexico)

* Europe (Germany, France, the UK, and Rest of the World)

* Asia Pacific (China, Japan, India, and Rest of Asia Pacific)

* Latin America (Brazil and Rest of Latin America.)

* Middle East & Africa (Saudi Arabia, the UAE, , South Africa, and Rest of Middle East & Africa)

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Table of Content

1 Introduction of Managed Hybrid Cloud Hosting Market

1.1 Overview of the Market1.2 Scope of Report1.3 Assumptions

2 Executive Summary

3 Research Methodology

3.1 Data Mining3.2 Validation3.3 Primary Interviews3.4 List of Data Sources

4 Managed Hybrid Cloud Hosting Market Outlook

4.1 Overview4.2 Market Dynamics4.2.1 Drivers4.2.2 Restraints4.2.3 Opportunities4.3 Porters Five Force Model4.4 Value Chain Analysis

5 Managed Hybrid Cloud Hosting Market, By Deployment Model

5.1 Overview

6 Managed Hybrid Cloud Hosting Market, By Solution

6.1 Overview

7 Managed Hybrid Cloud Hosting Market, By Vertical

7.1 Overview

8 Managed Hybrid Cloud Hosting Market, By Geography

8.1 Overview8.2 North America8.2.1 U.S.8.2.2 Canada8.2.3 Mexico8.3 Europe8.3.1 Germany8.3.2 U.K.8.3.3 France8.3.4 Rest of Europe8.4 Asia Pacific8.4.1 China8.4.2 Japan8.4.3 India8.4.4 Rest of Asia Pacific8.5 Rest of the World8.5.1 Latin America8.5.2 Middle East

9 Managed Hybrid Cloud Hosting Market Competitive Landscape

9.1 Overview9.2 Company Market Ranking9.3 Key Development Strategies

10 Company Profiles

10.1.1 Overview10.1.2 Financial Performance10.1.3 Product Outlook10.1.4 Key Developments

11 Appendix

11.1 Related Research

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COVID-19: Responding to the business impacts of Managed Hybrid Cloud Hosting Market: Extensive Analysis of Key Segments of the Industry and Emerging…

Detailed Study on the Global Managed Hybrid Cloud Hosting Market

A recent market study throws light on some of the leading factors that are likely to influence the growth of the Managed Hybrid Cloud Hosting market in the upcoming decade. The well-researched market study touches upon the growth potential of various budding market players in the current Managed Hybrid Cloud Hosting market landscape. Moreover, established players, stakeholders, and investors can leverage the data in the report to formulate effective growth strategies.

As per the report, the Managed Hybrid Cloud Hosting market is forecasted to reach a value of ~US$XX by the end of 2029 and grow at a CAGR of ~XX% through the forecast period (2019-2029). The key dynamics of the Managed Hybrid Cloud Hosting market including the drivers, restraints, opportunities, and trends are thoroughly analyzed in the presented report.

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The Research Aims to Addresses the Following Doubts Pertaining to the Managed Hybrid Cloud Hosting Market

The report on the Managed Hybrid Cloud Hosting market provides a birds eye view of the current proceeding within the Managed Hybrid Cloud Hosting market. Further, the report also takes into account the impact of the novel COVID-19 pandemic on the Managed Hybrid Cloud Hosting market and offers a clear assessment of the projected market fluctuations during the forecast period. The different factors that are likely to impact the overall dynamics of the Managed Hybrid Cloud Hosting market over the forecast period (2019-2029) including the current trends, growth opportunities, restraining factors, and more are discussed in detail in the market study.

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Managed Hybrid Cloud Hosting Market Segmentation

Competitive Landscape

The competitive landscape section of the report elaborates on the recent developments and innovations introduced by prominent players in the Managed Hybrid Cloud Hosting market. The growth potential, revenue growth, product range, and pricing strategies of each market player in inspected in the report with precision.

End-use Industry Assessment

The report segments the Managed Hybrid Cloud Hosting market on the basis of end-use industry and offers a detailed understanding of the supply-demand ratio and consumption pattern of the Managed Hybrid Cloud Hosting in each end-use industry.

Regional and Country-level AnalysisThe report offers an exhaustive geographical analysis of the global Managed Hybrid Cloud Hosting market, covering important regions, viz, North America, Europe, China, Japan, Southeast Asia, India and Central & South America. It also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by each application segment in terms of revenue for the period 2015-2026.Competition AnalysisIn the competitive analysis section of the report, leading as well as prominent players of the global Managed Hybrid Cloud Hosting market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2015-2020.On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Managed Hybrid Cloud Hosting market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Managed Hybrid Cloud Hosting market.The following players are covered in this report:Amazon Web Services (AWS)MicrosoftTata CommunicationsRackspaceDatapipeSifyNTT CommunicationsNxtGenBTCtrlS DatacentersCenturyLinkDimension Data (NTT Communications)FujitsuSingtelTelstraManaged Hybrid Cloud Hosting Breakdown Data by TypeCloud-basedOn-premisesManaged Hybrid Cloud Hosting Breakdown Data by ApplicationManufacturingRetailFinancialGovernmentOthers

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Essential Findings of the Managed Hybrid Cloud Hosting Market Report:

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I.T. Ideas Inc. and Sytex Ltd win the 2020 Three Best Rated Award for Best IT Service Companies in Canada – PRUnderground

Three Best Rated Award-winning Canadian IT services companies talk about what it takes to be the best in the field.

We are living in an era where everything is under digitalization. Every sector and business of all sizes use IT-enabled services to regularise and perform several tasks. IT services have become a primary need with the invasion of computer-based operations all over the world. IT service companies provide a wide range of Information technology-enabled services to Government agencies, Educational institutions, Health care sectors, and a lot more.

Three Best Rated has been listing out the top-rated IT servicing companies in each location across Canada to help the people of Canada benefit from the best IT services.

I.T. Ideas Inc. from North Vancouver, BC, and Sytex Ltd. from Winnipeg, MB, are 2020 Three Best Rated Award-Winning IT Services companies. Threebestrated has had the honor of talking to the business owners to learn about their achievements, services they provide, and the unique services that make them the best in the field.

I.T.IDEAS INC. North Vancouver

IT Ideas Inc. is a brainchild of Steve Prestage. Steve has over 32 years of experience in the IT sector. He developed a keen interest in infrastructure and networking while he was working in the Health care sector as a programmer. In 1997, IT Ideas Inc. came into existence. It was a technical consulting company then. Now It is a full-service MSP (Managed Services Provider) covering all other aspects of IT. Their service area includes outsourced IT, security and infrastructure monitoring, infrastructure implementation and support, project management, business analysis, cloud hosting, BaaS (Backup as Service), IaaS (Infrastructure as a Service), Training & Education. They provide software and hardware solutions except for Application development services and website hosting. Although IT Ideas focuses entirely on serving not-for-profit and charitable organizations, about 50% of their customers are actually for profit in many different verticals.

Achievements:

Steve proudly says, About 15 years ago I wrote Kiosk software to be used throughout the Province of BC in about 43 Courthouses and Courthouse Library locations. As far as Im aware, this system is still in use today. Over the years, these Kiosks have been a lifeline for the public (and legal counsel) during times of personal crisis. Im very proud of this accomplishment, but Im even more proud of my staff and consultants at I.T. Ideas who work with me every single day to serve our amazing customers.

Steve has a unique talent of being able to engage with an organizations executive team, and help them to transition from seeing IT as a cost center to understanding IT, recognizing the value of IT, and then implementing technology efficiently, and cost-effectively to turn their organization into a massively successful operating entity.

Steve considers being recognized by Three Best Rated as one of their achievements and feels truly blessed about it.

Upcoming Projects:

IT Ideas is going to launch two new platforms to help the millions of people who are currently working from home due to the COVID19 pandemic. They are:

FileFlex It is an easier and secure method for remotely accessing and sharing files that reside within the corporate office (on file servers, NAS devices, SharePoint, OneDrive, Google Docs, Dropbox, etc).

Daas Desktop as a Service platform provides a virtual desktop in the cloud that can be connected through a browser from any device anywhere. This virtual desktop is fast and extremely secure. It allows users with even the slowest hardware at home to be massively productive with a high performing and secure virtual desktop.

SYTEX LTD Winnipeg

Sytex (System Technology Experiences) has been in the business for five years now. Avi Vaserman, the owner of Sytex Ltd company, has an experience of over 23 years in the IT and Backup solutions in small-medium and enterprise environments. Sytex provides a broad range of IT services with the best technologies on the market that are tailored to meet the clients requirements. Client satisfaction is their top priority. They go the extra mile to make sure their clients run their businesses throughout the year without interference and are being protected from any possible Ransomware. They also offer services such as Cloud Backup, Cloud Endpoint, firewalls, Security, and Office 365 with different variable options.

Being a customer-centric IT service provider, Sytex has a Goodwill among the customers. They are more often approached by the referrals made by their previous clients.

Avi is proud of being one of the Three Best Rated IT service companies. He says, Im very happy and proud to be on that list. We strive to provide our services with a high level of standards and thus helps us to get new leads. All these high-quality output leads us to that list which we take in pride.

About ThreeBestRated

Three Best Rated was created in 2014 with the simple goal of finding the top 3 local businesses, professionals, restaurants, health care providers, and everything in-between, in any city. Every business is meticulously handpicked by our employees. We check businesss reputation, history, complaints, ratings, proximity, satisfaction, trust, cost, general excellence, reviews, and more, using our 50-Point Inspection. We only display businesses that are verified by our employees. Other places will call this hard work and unnecessary. We call it due diligence and the right thing to do. Our website is updated on a regular basis for quality and the latest business information.Three Best Rated has the honor of helping 4 million customers every month find the best businesses in any city without any effort!

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I.T. Ideas Inc. and Sytex Ltd win the 2020 Three Best Rated Award for Best IT Service Companies in Canada - PRUnderground

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Global Healthcare Cloud Computing Market Outlook, Opportunities, Key Players, Growth, Competitive Landscape, Trends and Forecast by 2026 – Cole of…

A recent market intelligence study on the Healthcare Cloud Computing market2020incorporates proprietary techniques and assessment tools to screen the Healthcare Cloud Computing market for the forecast period, 2020-2026. Additionally, valuable insights pertaining to the market size, share and growth rate of Healthcare Cloud Computing market offers a greater chance of success for all business owners, products, and new technology.

Major Healthcare Cloud Computing market players covered by this research report are:

EMCEpic SystemsCleardata NetworksMicrosoftAthenahealthAllscripts Healthcare SolutionsVmwareCarestream HealthSAPNextGen Healthcare Information SystemsOracleAppNetaIBMNetappSiemensVerizonCisco SystemsHP HealthcarePhilips HealthcareRackspace HostingNTT DataCareCloudIron MountainNapier HealthcareGoogleUnitedHealth GroupGE HealthcareAppleMEDITECHMerge HealthcareCernerCovisintNetsuiteAWSAgfa HealthcareDellGNAX HealthSalesforceCognizant Technology Solutions

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Incorporated with Info-graphics, charts, tables and figures, this research report Healthcare Cloud Computing Market Size, Type Analysis, Application Analysis, End-Use Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2020- 2026is based on a wide-ranging research of the entire Global market and covering all its sub-segments through comprehensively thorough classifications. Insightful analysis and valuation are created from superior primary and secondary information sources with data and information derived from industry specialists across the value chain. The report provides historical market data for 2015-2019, base year estimates for 2020, and forecasts from 2020 to 2026.

Research Methodology:

The research report provides trustworthy primary and secondary research. It also depends on the most recent analysis techniques to organize extremely detailed and accurate research studies such as this Healthcare Cloud Computing Market. It uses data triangulation, top-down and bottom-up approaches, and advanced Healthcare Cloud Computing Market research processes to come out with comprehensive and industry-best market research reports.

Classification by Type is as follows:

PrivatePublic

Classification by Application is as follows:

PACSEMRCPOERCMClaims Management

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Healthcare Cloud Computing Market 2020 Dynamics:

Drivers:(Developing regions and growing markets)

Boundaries:(Regional, Key Player facing Issues, Future Barriers for growth)

Opportunities:(Regional, Growth Rate, Competitive, Consumption)

Regional Segmentation:

TOC of Healthcare Cloud Computing Market 2020 Report Includes:

View Report TOC In detail @ https://www.reportspedia.com/report/semiconductor-and-electronics/global-healthcare-cloud-computing-industry-market-research-report/10276 #table_of_contents

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Global Healthcare Cloud Computing Market Outlook, Opportunities, Key Players, Growth, Competitive Landscape, Trends and Forecast by 2026 - Cole of...

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Global Cloud-based Database Market 2020 Growth, Innovations, Demand, Size, Revenue, Emerging Trends, Players, Type, Applications, New Development and…

A cloud-based database is a database, as the name suggests, resides on a cloud computing platform. Databases are used to store and manage various forms of data generated by a company. Database services can be provided on-premises or on-demand. On-demand services are known as cloud-based databases, which is gaining increasing acceptance among several organizations. A cloud-based database is suitable for organizations that require immediate access to database services, easy scalability options, low cost, and low maintenance. Service providers offer end-to-end solutions, which help organizations focus on their core business areas.

The global Cloud-based Database market size is estimated at xxx million USD with a CAGR xx% from 2015-2019 and is expected to reach xxx Million USD in 2020 with a CAGR xx% from 2020 to 2025. The report begins from overview of Industry Chain structure, and describes industry environment, then analyses market size and forecast of Cloud-based Database by product, region and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.

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Product Type Coverage(Market Size & Forecast, Major Company of Product Type etc.):

SQL Database

NoSQL Database

Company Coverage(Company Profile, Sales Revenue, Price, Gross Margin, Main Products etc.):

Google

Amazon Web Services

IBM

Microsoft

Oracle

Rackspace Hosting

Salesforce

Cassandra

Couchbase

MongoDB

SAP

Teradata

Alibaba

Tencent

Application Coverage(Market Size & Forecast, Different Demand Market by Region, Main Consumer Profile etc.):

Small and Medium Business

Large Enterprises

Region Coverage(Regional Production, Demand & Forecast by Countries etc.):

North America (U.S., Canada, Mexico)

Europe (Germany, U.K., France, Italy, Russia, Spain etc.)

Asia-Pacific (China, India, Japan, Southeast Asia etc.)

South America (Brazil, Argentina etc.)

Middle East & Africa (Saudi Arabia, South Africa etc.)

Some Points from Table of Contents:

Chapter 1 Industry Overview

Chapter 2 Industry Environment (PEST Analysis)

Chapter 3 Cloud-based Database Market by Type

Chapter 4 Major Companies List

Chapter 5 Market Competition

Chapter 6 Demand by End Market

Chapter 7 Region Operation

Chapter 8 Marketing & Price

Chapter 9 Research Conclusion

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Global Cloud-based Database Market 2020 Growth, Innovations, Demand, Size, Revenue, Emerging Trends, Players, Type, Applications, New Development and...

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These are the richest people in North Wales in 2020 – Daily Post

The Welsh Rich List has been released with five business people from North Wakes in the top 20.

According to the new edition ofThe Sunday Times Rich List, Moneysupermarket founder Simon Nixon remains the wealthiest individual in North Wales with a 1.35bn fortune - down 15m on last year.

He made 700m selling shares in the price comparison website and has 310m of property, including SimonEscapes holiday rentals from Barbados to Cornwall, and 500m of other investments.

It makes him the third richest person in Wales.

Redrow founder Steve Morgan is next - and seventh overall - with 751m in investments and cash in the bank, down 199m on 2019.

He has been prominent in the charitable efforts to mitigate the worst effects of the coronavirus - pledging 1m a week for the 12 weeks following the start of lockdown to charities helping the most vulnerable sectors of society cope with the impacts of coronavirus.

At eighth on the overall list are Lawrence and Gail Jones.

Growing up in a council house in Denbigh, Lawrence's entrepreneurial career began at school when he started buying sweets and selling them to the other children for a profit.

In 1999 he set up cloud hosting company UKFast, based in Manchester. He also has investments in North Wales and a home in Snowdonia, and the couple are worth 700m.

Iceland Foods founder Malcolm Walker and family are 12th on the list - with a 265m fortune.

Mark Watkin Jones and family are the last millionaires from North Wales on the list of 20.

The Watkin Jones Group was founded in Bangor in 1791 by carpenter, Huw Jones. The company turned from carpentry to construction and set the business on a successful path.

The reins were passed to Mark Watkin Jones in 2003 - the ninth generation of his family at the helm.

He stepped down last year and is now pursuing other business interests.

The family retain a stake in the business, which focuses on the development of student halls.

Across Wales tech investor Sir Michael Moritz remains the richest man in Wales.

Moritz stepped down from running theSilicon Valley-based Sequoia Capital in 2012 due to illness.

His track record for consistently finding the next tech blockbuster at an early stage has earned billions for his investors and led to claims that he is the best venture capitalist in the US.

Moritz is now worth around 3.047bn. The Cardiff born investor made an early investment of 8m in Google, which peaked at 6.3bn. He also funded WhatsApp, which was taken over by Facebook for 22bn.

Robert Watts, the compiler of The Sunday Times Rich List, said: " The majority of Wales super-rich have seen their fortunes either fall or flatline since last year. Their falling wealth mirrors the damage being done to our economy and casts doubt on just how quickly growth will return when lockdown ends.

You may not like the super-rich, but it is hard to deny that our economy will need the jobs they create and the taxes they and their companies pay if we are to escape a prolonged recession that causes further misery to millions.

There are still grounds for optimism in the pages of todays Sunday Times Rich List, with countless examples of entrepreneurs who came from modest backgrounds to build successful businesses - often amid the economic downturns of the past.

"Those stories have the power to energise the next generation of entrepreneurs.

The Sunday Times Rich List will be published this Sunday, May 17.The 136-page special edition of The Sunday Times Magazine reveals the wealth of the 1,000 richest people in Britain in its 32ndannual edition.

It will be online on thesundaytimes.co.uk/richlist

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Locked Down But Not Out, Hyderabadi Haleem Can Still Be Had this Ramzan – The Wire

Hyderabad: When we moved to Hyderabad in 2005, a social phenomenon which gobsmacked us first-timers was the haleem frenzy which gripped the City of Nizams during the Ramzan season. Come evening, for the entire month, every F&B establishment, starting from the mighty five-starred ones and middling standalones, spiffy and otherwise, to the small makeshift umbrella kiosks (sprouting up not only in and around Charminar, but also in tony localities like Banjara and Jubilee Hills), would dish out this thick, slightly viscous, porridge made of mashed goat meat, lentils and wheat, cooked in ghee and spices and topped with fried mint leaves, onions, a couple of cashews and a wedge of lemon to be squeezed, according to taste.

This calorific delight would then be lapped up by the thronging (and hungry) hundreds waiting in queue from the time Iftar prayers were scheduled. In congested areas like Charminar and Mehdipatnam, there would also be car deliveries by young boys employed by food stalls. This was also the only time of the year when haleem took centre stage, with its more popular cousin biryani taking a backseat, and restaurateurs focussed on making haleem the star dish for a month of profit-making.

This year, however, COVID 19- has played spoilsport to the festive Ramzan spirit, and the gloom is palpable. The lockdown has ensured that there will be no traditional festivities in and around Charminar or anywhere, for that matter, as there can be no Ramzan celebration with social distancing norms.

Mohammed Abdul Majeed, owner of Pista House and president of the Hyderabad Haleem Makers Association announced at an online press briefing, We, as in, all 6,000 commercial haleem makers in and around Hyderabad had to take this painful decision of deciding not to sell haleem this year in a bid to cooperate with government guidelines as there are three levels of hygiene and safety we have to safeguard, that of our customers, staffers and owners. Social distancing is impossible to achieve during Ramzan and we just cannot take the risk, with so many people involved.

Majeedbhai, who lobbied for the GI tag for Hyderabadi Haleem which was accorded in 2010, might sound politically correct but considering that he had to forego an extremely lucrative season Pista House is the single largest seller of haleem and did business of about Rs 10 crore last Ramzan this is a reflection of the extraordinary times we are living in.

Ramzan is a source of income and livelihood for many, especially the young and needy, like some students who come from neighbouring rural areas to study In Hyderabad. Besides some decent earnings (commission-based, according to number of haleem boxes sold in various parts of the city), it is good business model training for the young commerce students who used to gain useful work experience. While every year, we do zakat (charity), this year I am focussing on that aspect to the best of my abilities, so whatever cooking is being done is being used for my staffers meals as well as for distribution to the needy and also to patients families outside hospitals, adds Majeed.

Says young politican and educationist Aamer Javeed, whose iftar parties are the toast of the season, Undoubtedly, I am missing the Ramzan gatherings and the grand iftar dinners hosted with the kind of hospitality that elite Hyderabadi homes are so used to putting up. But quite frankly, while Ramzan of late has become more about its visible aspects of iftar parties, glittering night markets, melas and cultural shows, the true spirit of the season is about self-introspection and zakat or charity work, paying back society by looking after the most needy. I am quite heartened to see Muslim restaurateurs coming together in Hyderabad to display abundant generosity and look after the hungry and homeless. It took us a lockdown to realise that!

The way life used to be, during Ramzan in the past. Photo: Special Arrangement

For home chef-baker and recipe developer Samyra Ruheen, It is not just haleem or the food, Ramzan shopping in Charminar is an annual ritual for us Hyderabadis. Besides the iftar feasts which are generously spread out in Charminar till the wee hours of the morning, there is wedding apparel and jewellery too, as thats the time when retailers stock up on their best supplies. I will be missing the shopping and festivities badly this year.

However, like they say, if The Mountain will not come to Muhammad, then Muhammad must go to the mountain. While the big players stay closed for operations, the market is largely left to home chefs and cloud kitchens to cater to haleem-starved Hyderabadis.

For instance, Arijit Yadav, techie turned foodpreneur, who runs his cloud kitchen from a 400 square yards space in High-Tech City has haleem operations firmly in place, after his friends started demanding that he start making haleem instead of the North Indian fare that his flagship brand, Dilli 6, is known for.

Since he already had a Hyderabadi chef on his rolls, from the Old City, who has worked in bigger food establishments, making haleem, as well as the huge haleem cauldrons, (which, while traditionally fired by wood, are in this case placed on gas) and cooked on a slow fire, for a few hours and the stew is beaten around with long wooden sticks by at least two persons.

There are no delivery partners like Swiggy, Zomato or Dunzo (which is only being used for essentials) operating in Hyderabad at the moment, so I am personally delivering in most cases, respecting curfew timings and the 3 km radius. Where policing becomes an issue, my clients have no problems reaching a mid-way destination as they want haleem, at any cost, shares Arijit, who has sold close to a hundred kilos of mutton haleem and a little lesser quantities of biryani. Food costs are also up, so we are left with no option other than pricing the haleem a little upwards, thanks to infrastructural constraints, such as delivery costs and the inconveniences involved, he adds. Despite that, he is selling 40-45 kgs of mutton haleem daily.

Similar with home chefs like Khatija Seema of Our Food Factory, which is known for its Hyderabadi delicacies like biryani, haleem, double ka meetha and sheer khorma. Her techie son Mujtaba Irfan, who helps out with operations says, We are getting quite a few haleem orders this year, compared with previous years, though we never focussed on haleem during Ramzan in earlier years, being a smaller unit and not really being in competition with big haleem makers.

Star hotels like The Park Hyderabad are also scaling down the prices for their cloud kitchen deliveries, of mutton, chicken and jackfruit haleem. The latter is modelled on the mock meat concept with the jackfruit strands resembling meat in appearance and texture, elaborates executive chef Thimma Reddy. He is, of course, missing hosting and curating the Ramzan walk in and around Charminar which has been an annual occurrence since the last seven years.

But this year that will have to wait, as will the huge quantities of haleem, which ironically enough, means patience.

Swati Sucharita is a Hyderabad-based journalist

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Locked Down But Not Out, Hyderabadi Haleem Can Still Be Had this Ramzan - The Wire

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Quantum computing will (eventually) help us discover vaccines in days – VentureBeat

The coronavirus is proving that we have to move faster in identifying and mitigating epidemics before they become pandemics because, in todays global world, viruses spread much faster, further, and more frequently than ever before.

If COVID-19 has taught us anything, its that while our ability to identify and treat pandemics has improved greatly since the outbreak of the Spanish Flu in 1918, there is still a lot of room for improvement. Over the past few decades, weve taken huge strides to improve quick detection capabilities. It took a mere 12 days to map the outer spike protein of the COVID-19 virus using new techniques. In the 1980s, a similar structural analysis for HIV took four years.

But developing a cure or vaccine still takes a long time and involves such high costs that big pharma doesnt always have incentive to try.

Drug discovery entrepreneur Prof. Noor Shaker posited that Whenever a disease is identified, a new journey into the chemical space starts seeking a medicine that could become useful in contending diseases. The journey takes approximately 15 years and costs $2.6 billion, and starts with a process to filter millions of molecules to identify the promising hundreds with high potential to become medicines. Around 99% of selected leads fail later in the process due to inaccurate prediction of behavior and the limited pool from which they were sampled.

Prof. Shaker highlights one of the main problems with our current drug discovery process: The development of pharmaceuticals is highly empirical. Molecules are made and then tested, without being able to accurately predict performance beforehand. The testing process itself is long, tedious, cumbersome, and may not predict future complications that will surface only when the molecule is deployed at scale, further eroding the cost/benefit ratio of the field. And while AI/ML tools are already being developed and implemented to optimize certain processes, theres a limit to their efficiency at key tasks in the process.

Ideally, a great way to cut down the time and cost would be to transfer the discovery and testing from the expensive and time-inefficient laboratory process (in-vitro) we utilize today, to computer simulations (in-silico). Databases of molecules are already available to us today. If we had infinite computing power we could simply scan these databases and calculate whether each molecule could serve as a cure or vaccine to the COVID-19 virus. We would simply input our factors into the simulation and screen the chemical space for a solution to our problem.

In principle, this is possible. After all, chemical structures can be measured, and the laws of physics governing chemistry are well known. However, as the great British physicist Paul Dirac observed: The underlying physical laws necessary for the mathematical theory of a large part of physics and the whole of chemistry are thus completely known, and the difficulty is only that the exact application of these laws leads to equations much too complicated to be soluble.

In other words, we simply dont have the computing power to solve the equations, and if we stick to classical computers we never will.

This is a bit of a simplification, but the fundamental problem of chemistry is to figure out where electrons sit inside a molecule and calculate the total energy of such a configuration. With this data, one could calculate the properties of a molecule and predict its behavior. Accurate calculations of these properties will allow the screening of molecular databases for compounds that exhibit particular functions, such as a drug molecule that is able to attach to the coronavirus spike and attack it. Essentially, if we could use a computer to accurately calculate the properties of a molecule and predict its behavior in a given situation, it would speed up the process of identifying a cure and improve its efficiency.

Why are quantum computers much better than classical computers at simulating molecules?

Electrons spread out over the molecule in a strongly correlated fashion, and the characteristics of each electron depend greatly on those of its neighbors. These quantum correlations (or entanglement) are at the heart of the quantum theory and make simulating electrons with a classical computer very tricky.

The electrons of the COVID-19 virus, for example, must be treated in general as being part of a single entity having many degrees of freedom, and the description of this ensemble cannot be divided into the sum of its individual, distinguishable electrons. The electrons, due to their strong correlations, have lost their individuality and must be treated as a whole. So to solve the equations, you need to take into account all of the electrons simultaneously. Although classical computers can in principle simulate such molecules, every multi-electron configuration must be stored in memory separately.

Lets say you have a molecule with only 10 electrons (forget the rest of the atom for now), and each electron can be in two different positions within the molecule. Essentially, you have 2^10=1024 different configurations to keep track of rather just 10 electrons which would have been the case if the electrons were individual, distinguishable entities. Youd need 1024 classical bits to store the state of this molecule. Quantum computers, on the other hand, have quantum bits (qubits), which can be made to strongly correlate with one another in the same way electrons within molecules do. So in principle, you would need only about 10 such qubits to represent the strongly correlated electrons in this model system.

The exponentially large parameter space of electron configurations in molecules is exactly the space qubits naturally occupy. Thus, qubits are much more adapted to the simulation of quantum phenomena. This scaling difference between classical and quantum computation gets very big very quickly. For instance, simulating penicillin, a molecule with 41 atoms (and many more electrons) will require 10^86 classical bits, or more bits than the number of atoms in the universe. With a quantum computer, you would only need about 286 qubits. This is still far more qubits than we have today, but certainly a more reasonable and achievable number.The COVID-19 virus outer spike protein, for comparison, contains many thousands of atoms and is thus completely intractable for classical computation. The size of proteins makes them intractable to classical simulation with any degree of accuracy even on todays most powerful supercomputers. Chemists and pharma companies do simulate molecules with supercomputers (albeit not as large as the proteins), but they must resort to making very rough molecule models that dont capture the details a full simulation would, leading to large errors in estimation.

It might take several decades until a sufficiently large quantum computer capable of simulating molecules as large as proteins will emerge. But when such a computer is available, it will mean a complete revolution in the way the pharma and the chemical industries operate.

The holy grail end-to-end in-silico drug discovery involves evaluating and breaking down the entire chemical structures of the virus and the cure.

The continued development of quantum computers, if successful, will allow for end-to-end in-silico drug discovery and the discovery of procedures to fabricate the drug. Several decades from now, with the right technology in place, we could move the entire process into a computer simulation, allowing us to reach results with amazing speed. Computer simulations could eliminate 99.9% of false leads in a fraction of the time it now takes with in-vitro methods. With the appearance of a new epidemic, scientists could identify and develop a potential vaccine/drug in a matter of days.

The bottleneck for drug development would then move from drug discovery to the human testing phases including toxicity and other safety tests. Eventually, even these last stage tests could potentially be expedited with the help of a large scale quantum computer, but that would require an even greater level of quantum computing than described here. Tests at this level would require a quantum computer with enough power to contain a simulation of the human body (or part thereof) that will screen candidate compounds and simulate their impact on the human body.

Achieving all of these dreams will demand a continuous investment into the development of quantum computing as a technology. As Prof. Shohini Ghose said in her 2018 Ted Talk: You cannot build a light bulb by building better and better candles. A light bulb is a different technology based on a deeper scientific understanding. Todays computers are marvels of modern technology and will continue to improve as we move forward. However, we will not be able to solve this task with a more powerful classical computer. It requires new technology, more suited for the task.

(Special thanks Dr. Ilan Richter, MD MPH for assuring the accuracy of the medical details in this article.)

Ramon Szmuk is a Quantum Hardware Engineer at Quantum Machines.

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Quantum computing will (eventually) help us discover vaccines in days - VentureBeat

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