Page 666«..1020..665666667668..680690..»

Oracle Helps Healthcare Organizations Improve Inventory … – Oracle

To help healthcare organizations improve inventory management and support patient outcomes, Oracle is adding new mobile capabilities to Oracle Fusion Cloud Inventory Management, part of Oracle Fusion Cloud Supply Chain & Manufacturing (SCM). The new capabilities will help healthcare organizations reduce inventory errors, improve restock efficiency, and gain the visibility they need to better predict demand and optimize stock availability.

Healthcare organizations are under pressure to deliver a consistently high standard of care while managing costs, said Chris Leone, executive vice president, applications development, Oracle. With Oracle Cloud SCMs new inventory management capabilities, healthcare providers can improve the efficiency and accuracy of inventory management processes to expand visibility, reduce costs, and ensure the right stock is available in the right place, at the right time.

The new inventory management capabilities support all core inventory transactions within a healthcare organization. This includes full mobile device and barcode scanning support for receiving, putaway, picking, cycle counting, material transfers, and issuing of materials across all types of stocking locations in a hospitalfrom stockrooms to procedural areas and Periodic Automatic Replacement (PAR) locations. The new mobile capabilities include:

The new inventory management capabilities are the latest additions to Oracle Cloud SCM to help healthcare organizations optimize planning, automate processes, and enhance visibility across the supply chain. Oracle recently announced new healthcare-focused procurement, replenishment planning, and recall management capabilities. In the last 12 months, Oracle has added healthcare-specific supply chain capabilities including: logistics, product lifecycle management, planning, procurement, and channel revenue management.

Part of Oracle Fusion Applications Suite, Oracle Cloud SCM helps organizations seamlessly connect supply chain processes and quickly respond to changing demand, supply, and market conditions. With applications for finance, supply chain, HR, and customer experience, Oracle provides the most complete suite of enterprise applications on a single integrated cloud platform. Oracles self-updating platform gives customers access to continuous innovation, as new features are added every 90 days.

For additional information on Oracle Cloud SCM and Oracles inventory management offerings, please visit http://www.oracle.com/scm.

More here:
Oracle Helps Healthcare Organizations Improve Inventory ... - Oracle

Read More..

Paraverse Technology Releases Groundbreaking White Paper on Decentralized Operations and Trading Platforms for 3D Digital Assets – Yahoo Finance

HONG KONG, Nov. 15, 2023 /PRNewswire/ -- Paraverse Technology Limited ("Paraverse"), a leading international pioneer in digital parallel world technology, announces the release of the white paper, Paraverse: A Decentralized Operation and Trading Platform for 3D Digital Assets, developed in collaboration with industry organizations and 3D/XR and Web3.0 experts. The paper delves into the revolutionary concept of "Digital Parallel World" and presents a full-stack technical solution for 3D applications in the Web3.0 era.

Highlights of the White Paper:

Analyzes the revolutionary innovation of combining Metaverse and Web3.0 technologies, showcasing a full-stack technical solution for 3D applications in the Web3.0 era;

Explores how to reshape the production relationships in the 3D industry based on blockchain, building value co-creation and sustainable development communities, and

Introduces the world's first decentralized real-time rendering network, distributed verification storage, and encrypted operation system for large-scale 3D assets.

The "Digital Parallel World", an intelligent decentralized 3D information system, merges the virtual and real worlds to create an internet medium characterized by fairness and transparency. It integrates the media form of the "Metaverse" and the decentralized mode of operation, fully absorbing the achievements of technological revolutions such as spatial computing, cloud computing, blockchain, and artificial intelligence. It provides the public with a truly 3D, highly immersive, and interactive sensory experience, as well as an economic activity experience centered around data ownership, traceability, fairness, and transparency.

This white paper provides a comprehensive analysis of Paraverse's decentralized real-time cloud rendering technology and the Web3 trading platform for 3D digital assets. It provides insights on technical routes, product design, and community development for unlocking the interactive gateway of decentralized 3D applications.

Story continues

Web3.0 Era Full-Stack Technology Solutions for 3D Applications The White Paper introduces in detail the Web3.0 era full-stack technology solution for 3D applications. By integrating cutting-edge technologies from the metaverse and Web3.0, including real-time cloud rendering, cloud-native architecture, blockchain, and other foundational technologies, Paraverse has successfully developed ParaLab, a decentralized real-time cloud rendering platform, and ParaHere, a Web3 transaction circulation platform designed specifically for 3D applications. These platforms enable enterprises and developers to rapidly establish a robust parallel world cloud technology infrastructure and facilitate seamless digital asset transactions based on the principles of Web3.

Redefining 3D Industry Production and Building a "Co-Creation" Economic EcosystemThe 3D industry faces a number of difficulties that are impeding its overall growth, including fragmented content production, cooperation issues, and asset ownership problems. This leads to information silos, resource waste, and ineffective intellectual property rights management. Paraverse addresses these issues by leveraging blockchain technology to empower the 3D content ecosystem. Through a decentralized network, Paraverse aims to establish a "co-creation" economic ecosystem, connecting creators and consumers to transform the production dynamics of the 3D industry and drive ecosystem prosperity.

To achieve this vision, a substantial amount of 3D content and diverse application scenarios are essential. The White Paper outlines the pivotal role of Paraverse as a versatile real-time cloud rendering platform. Apart from offering the foundational technology platform, Paraverse unites enterprises and developers in various roles, including 3D asset providers, application developers, and AI capability drivers, fostering a diverse ecosystem that forms a robust foundation for the 3D content industry's growth and facilitates global collaboration and innovation.

Introducing Lark Network, the World's First Decentralized Rendering Network and Decentralized Authentication Storage and Encryption Running System for Large 3D AssetsParaverse leverages the decentralized nature of blockchain to develop its revolutionary decentralized rendering network, Lark Network, ensuring higher rendering speeds, system stability, and scalability. This network allows all nodes to become rendering nodes, enabling users to contribute to and be rewarded for their computing power. Additionally, Paraverse facilitates the uplinking of large-scale 3D assets through off-chain running and on-chain entitlement and tracking solutions, creating a more efficient and secure 3D asset transaction platform. The White Paper emphasizes the significance of merging Web 3.0 technologies with 3D content ecosystems to propel the construction of the next-generation Internet. As decentralized technologies evolve, Paraverse anticipates a more innovative and sustainable digital media and economic ecosystem. As decentralized technologies evolve, Paraverse anticipates a more innovative and sustainable digital media and economic ecosystem. Paraverse is eager to work with 3D asset providers, capability providers, and application developers to advance the 3D industry made possible by Web 3.0 technology and contribute to the future of the digital parallel world through ParaDao.

Click Here to Join ParaDao Access the White Paper: English Version and Simplified Chinese Version

About Paraverse Technology Limited Paraverse is a leading international pioneer in the realm of digital parallel world technology. They redefine the construction and operation of parallel worlds by offering enterprises and developers a globally leading decentralized real-time cloud rendering platform and a Web3 transaction platform designed for XR applications and 3D digital assets. With cutting-edge technologies such as real-time cloud rendering, cloud-native architecture, and blockchain integration, Paraverse enables users to swiftly access the metaverse, establish essential services for Web3-based digital asset transactions, lower entry barriers for end-users venturing into the metaverse, and drive a thriving ecosystem for creators. Their mature products and solutions are widely applied to various industries such as education and training, digital twin, medical rehabilitation, virtual live streaming, AI-powered digital humans, cloud events, and online gaming scenarios. Since 2016, Paraverse has attracted nearly 1,000 enterprise users and tens of thousands of independent developers from around the world. They continue to serve users with innovative technology, stable and convenient products, and rich scene ecosystems to promote the prosperity of the global digital economy.

https://www.paraverse.cc(English) https://www.pingxingyun.com (Simplified Chinese)

Media Enquiry: business@paraverse.cc

Cision

View original content:https://www.prnewswire.com/apac/news-releases/paraverse-technology-releases-groundbreaking-white-paper-on-decentralized-operations-and-trading-platforms-for-3d-digital-assets-301987127.html

SOURCE Paraverse Technology Limited

See the original post here:
Paraverse Technology Releases Groundbreaking White Paper on Decentralized Operations and Trading Platforms for 3D Digital Assets - Yahoo Finance

Read More..

Cloud to help realise smarter AI-powered digital twins – FutureIoT

The demand for digital twin or simulation solutions is growing among enterprises, and cloud computing is an increasingly important component of any digital twin solution. Digital twins are set to become more intelligent by integrating AI algorithms and ML models delivered using cloud platforms.

ABI Research forecasts a steady increase in uptake for cloud-driven digital twin solutions, driven by advancements in AI/ ML, edge computing, multi and hybrid cloud deployments, 5G networks, and smart connectivity.

We are seeing the emergence of cloud computing in operational technology (OT). The deployment and integration of cloud solutions with OT solutions in areas such as asset performance monitoring and product lifecycle management provide compelling benefits such as performance reliability, increase in computational power, and seamless AI/ ML processing, explains Yih-Khai Wong, distributed and edge computing senior analyst at ABI Research.

Cloud hyperscalers such as AWS, Microsoft Azure, and Google Cloud provide tools and packaged solutions to build digital twin solutions. Customers can also leverage contextual data from public datasets and funnel this information to optimize their digital twin platforms.

Scalability: Provides flexibility for businesses to scale up or down according to current business needs, ensuring optimal performance of the digital twin solution.

Computational Power: Complex simulations can be processed on the cloud using solutions such as Virtual Machines (VMs) and containers. The availability of various cloud computational components ensures that businesses can match resources according to specific digital twin platforms.

AI/ML Processing: Cloud computing platforms often provide data analytics tools to help process AI/ML workloads. These tools range from the infrastructure compute power components such as the Central Processing Unit (CPU) and Graphics Processing Unit (GPU) to industry-specific application software that can analyse, predict, and make recommendations based on data processed by a digital twin.

The convergence of IT and OT is gathering pace, and digital twin is a great example of how this convergence can elevate existing scenarios into achieving greater possibilities and ultimately increase the value, productivity, and competitive advantage of enterprises, Wong concludes.

Go here to see the original:
Cloud to help realise smarter AI-powered digital twins - FutureIoT

Read More..

Gartner: Modernising legacy applications for cloud-native success – ComputerWeekly.com

Enabling your existing pre-cloud enterprise applications to take full advantage of cloud computing is fraught with technical obstacles, such as unsupported versions of operating systems (OS), monolithic architectures that are tightly integrated with enterprise data stores or file storage, and difficulty in meeting stakeholder expectations (including cost reductions).

When greenfield applications adopt cloud-native architecture, they suffer much less from the burden of these challenges, but these new applications only make up a small percentage of an organisations application portfolio.

A typical legacy application rehosted on infrastructure as a service (IaaS) migrated using a lift and shift approach cannot take full advantage of every cloud characteristic. Organisations that follow this rehosting approach often discover that the migration team took shortcuts and came up with workarounds just to get the applications running.

These shortcuts and workarounds arise because the goal of rehosting was to move the application in a time-sensitive manner and support other, more significantly modified applications that are already running on the cloud. The comprehensive assessment for cloud-native readiness was never performed on the legacy application, which resulted in poor outcomes.

One of the areas to consider is that a typical legacy application relies on traditional relational database management systems (RDBMS) and atomicity, consistency, isolation and durability (ACID) transactions for strong data integrity.

These traditional databases rely on the underlying infrastructure to be rock solid and reliable. They are not built for environments where the infrastructure is fluid or prone to failure. These databases are also built to scale up, not out, which impedes your ability to utilise the abundance of cloud resources and to elastically scale your application.

However, contemporary application design takes advantage of polyglot persistence to optimise database behaviour for specific use cases. This concept allows developers to choose the data storage that best suits the data and their programming approach rather than forcing the data to fit into a traditional Structured Query Language (SQL) model. Using RDBMS for all data storage can lead to inflexibility in your design and significant costs in scaling the database.

Adopting cloud computing requires careful planning and a deep understanding of how your existing applications might impede migration to a cloud-native architecture. Gartner clients often cite poor planning and inappropriate migration strategies as reasons for sub-standard cloud adoption. Without planning and structure, decisions will be made inflight just to get the application running. This will lead to misalignment with stated project goals.

Cloud migrations typically encompass a mix of applications, some of which are due for an overhaul or an update and can benefit from what the cloud offers. These initiatives have varying business goals from one organisation to the next. The decisions, processes and people behind the initiatives are specific to each organisation. However, Gartner has identified and outlined several recurring technical goals.

It is critical that specific business goals guide an organisations cloud modernisation efforts and that stakeholders throughout the organisation are aligned with those goals. For instance, not all application modernisations will require rebuilding. You may not need to change how your database is partitioned for improved scalability for a given application if that is not one of its cloud migration goals.

Gartner proposes a framework for application modernisation, representing an architecture assessment with specific hotspots.

The effort required to modernise an application should be established by assessing how each hotspot inhibits the business objectives of the migration. The more easily changeable your application is, the less work, effort and resources you will need to adopt cloud-native architecture patterns and principles.

This step requires you to build an effort scorecard that will be populated while analysing each hot spot during the rest of the assessment.

Two major inhibitors increase the effort of modernisation of your applications coupling and complexity.

Coupling can be viewed as the number of interdependencies within and outside your application. For example, from a code perspective, you would examine how blocks of code interact with each other and the call graph including how the methods, classes and functions are composed. A script or block of code that is reliant on different code blocks is considered coupling.

Compounding the coupling issue is the complexity of your architecture and code. Application components that are tightly coupled and heavily dependent on the underlying software and hardware specifics can lead to complexity. This complexity limits your deployment, runtime and hosting options when targeting cloud-native platforms. It is important to implement abstractions and encapsulation of those underlying dependencies and components that are similar and change at the same time. In this sense, complexity means having dependencies that are hard to fulfil. Application-level dependencies for example, dependencies between components of the application can also play a part.

An assessment of your application will reveal the depth of coupling and complexity within the application. It will allow you to determine the overall effort required to modernise each of these hotspots within your application. Depending on these varying degrees of modernisation, you may choose different strategies for different portions of your code.

Modernisation level is linked directly to business goals. If the application is changeable enough to meet those goals, refactoring the code and modernising the application to a cloud-native platform can be sufficient. If the effort level to modernise is high across the board, you may have no choice but to rebuild the entire application. However, you also can rearchitect and rebuild individual components if, for instance, your modernisation level is low from an application architecture standpoint and high from a data persistence standpoint.

In a cloud environment, you are attempting to build a reliable application using an abundance of unreliable components that have the potential to fail often in ways that are different from the kind of application component failures you might see on a single machine. Cloud computing requires an architecture that will work in an environment with ephemeral resources that favour horizontal over vertical scalability.

Cloud-native architectures will balance the benefits the cloud has to offer, along with the areas that are different and outsourced to the provider, thus limiting your control over them. Your organisations motivations for moving to the cloud are additional scalability, expansion of the business to adopt new channels, and reducing the resources when demand decreases. This can lead to an unpredictable load that varies from normal day-to-day operations.

Utilising native, managed services in your cloud provider will also introduce latency into your application because your application components are now distributed across a network. Cloud-native architects also need to take into account that some cloud service failures, systematic failures and security breaches are entirely out of their control.

There must be an overall shift in mindset from the leadership level to understand when and where cloud-native principles apply in the application portfolio. Leadership must empower individuals to continuously learn and improve on these lessons in the context of your organisation. Make cloud-native modernisation an inherent part of your application maintenance cycles. Heavy investment in organisational change processes is needed because cloud innovation outpaces existing organisational processes and culture, and breaks existing processes.

This article is based on the Gartner report How to modernise your application to use cloud-native architecture by Eklove Mohan, senior director analyst at Gartner.

Here is the original post:
Gartner: Modernising legacy applications for cloud-native success - ComputerWeekly.com

Read More..

KBZ Bank Digitizes for Innovation and Scale with Oracle – Oracle

Kanbawza Bank (KBZ), the largest privately-owned bank in Myanmar, continues to modernize its banking operations with Oracle. By upgrading to the latest versions of Oracle FLEXCUBE Universal Banking and Oracle Banking Payments, KBZ has been able to rapidly scale its business to deliver new services to market while increasing efficiency and lowering cost. This includes processing 15 million transactions a month and completing its end-of-day processing cycles under 90 minutes. KBZ will also use these new solutions to accelerate its Financial Inclusion initiative in Myanmar.

KBZ is leading the way for Myanmars rapidly developing financial services sector. Currently, 80 percent of our traffic from our 14 million customers is digital, said U Sai Lu Mon Aung, MD of KBZ Bank. To continue this trajectory, we rely on critical technology partners like Oracle. With FLEXCUBE and Oracle Banking Payments, we have the foundation and capabilities we need to provide our nations entrepreneurs, businesses, and communities with financially inclusive and innovative next-generation banking services today and well into the future.

Oracle FLEXCUBE has enabled KBZ to innovate and launch new services to its customers in a matter of days. For example, the bank was able to quickly activate a new account origination process and onboard customers directly from an application on their mobile device. Oracle FLEXCUBE also underpins the banks corporate offerings that automate trade and corporate banking operations.

Similarly, KBZ was able to plug-in Oracle Banking Payments as a new component in its core banking architecture. Built on an ISO20022 framework, Oracle Banking Payments helps KBZ automate its payment processes and thereby optimize infrastructure costs, improve straight through processing, and support real-time payment settlements.

KBZ Bank is a leader in digital banking, and we are proud to continue to support its rapid growth in the region and beyond, said Venkatesh Srinivasan, senior vice president of global banking and insurance, Oracle Financial Services. Our leading banking platform is anchored on a microservices architecture, designed for rapid innovation and scale, and covers one of the broadest sets of functional capabilities. With our solutions, KBZ can rapidly scale in terms of its volume of accounts and transactions and has the agility it needs to quickly deliver innovative new services that capitalize on new market opportunities and changing consumer and corporate customer expectations.

Oracles API first architecture has also enabled KBZ to connect to a greater number of merchants to deliver additional services to customers. These APIs are the backbone for KBZs digital led growth and transforming it to a digital first bank. This API strategy has also been instrumental in helping KBZ support financial inclusion by making it easy for customers to be onboarded digitally.

In addition, the solutions have supported KBZ in re-imagining its assisted experiences by leveraging Oracles persona centric branch capabilities and laid the foundation for frictionless customer verification at branches in the future.

KBZ also uses Oracle Financial Crime and Compliance solutions to detect unlawful activity, increase its confidence in the security and reliability of its transactions, and comply with international standards. With streamlined analysis, resolution, and reporting, KBZ has eliminated 50-60 percent of its previously manual detection processes.

Go here to read the rest:
KBZ Bank Digitizes for Innovation and Scale with Oracle - Oracle

Read More..

Cloud to drive surge in European IT spending next year – ITPro

IT spending across Europe is expected to grow at a record rate in 2024, according to new research from Gartner.

The consultancys latest forecast shows IT spending will reach $1.1 trillion next year, marking a 9.3% increase on a projected total of $1 trillion this year.

Gartner said the spending increase underlines shifting priorities among businesses during a period of economic uncertainty.

"Despite a conflated economic situation, IT spending in Europe continues to be recession-proof," said John-David Lovelock, distinguished VP analyst at Gartner.

"CIOs in Europe who pursued the 'growth at all costs' strategy for over a decade are now shifting the emphasis of ongoing IT projects toward cost control, efficiencies and automation, while curtailing IT initiatives with longer ROIs."

Spending on software and IT services are both expected to see the largest increase next year amidst a continued focus on cloud computing. Infrastructure as a service (IaaS), for example, is expected to surge 27% across 2024.

CIOs in Europe are also shifting their priorities internally, including enhancing cyber security spending. Spending on security and risk management in Europe is projected to reach around $56 billion, marking an increase of 16% compared to 2023.

A concerted focus among CIOs on artificial intelligence and generative AI is also driving cloud spending, the report noted.

With AI-related security risks a key concern among enterprises, this AI focus appears to be creating a confluence of spending on both the integration of the technology along with underpinning safeguards.

"AI has also added a new level of concern around security ensuring that their systems are wrapped before hackers get near their sensitive data," says Lovelock.

The latest research from Gartner aligns with previous analysis of spending across the broader cloud computing space.

RELATED RESOURCE

Discover how each cloud AI developer services vendor measures up against each other DOWNLOAD NOW

In a separate forecast this month, the consultancy predicted that end-user spending on public cloud services will surge by 20.4% across 2024, reaching a total of $678.8 billion.

This marks an increase on 2023 and underlines that businesses are still investing heavily in cloud despite challenging economic conditions.

IaaS is forecast to experience the highest end-user spending growth in 2024 at 26.6%, followed by platform-as-a-service (PaaS) at 21.5%.

In January 2023, analysts issued a warning that the global cloud computing industry could experience a slowdown as firms looked to curtail spending due to economic concerns.

Despite this, cloud spending has continued steadily across 2023, with some analysts describing spending as recession proof.

Continued here:
Cloud to drive surge in European IT spending next year - ITPro

Read More..

Vietnam Cloud Based Infrastructure as a Service Markets, Competition, Forecast & Opportunities, 2028F: Government Initiatives and Increasing…

Company Logo

Vietnamese Cloud Based Infrastructure as a Service Market

Vietnamese Cloud Based Infrastructure as a Service Market

Dublin, Nov. 09, 2023 (GLOBE NEWSWIRE) -- The "Vietnam Cloud Based Infrastructure as a Service Market, Competition, Forecast & Opportunities, 2028" report has been added to ResearchAndMarkets.com's offering.

The Vietnam cloud based infrastructure as a service market is anticipated to grow at a high CAGR to 2028

Vietnam is witnessing a rapid adoption of cloud technology, and the cloud based infrastructure as a service market in Vietnam is one of the world's fastest growing markets.

With IaaS, companies can outsource the physical storage and computing power for their applications, access standardized technology components, and benefit from advanced scalability and automation capabilities. This allows companies to quickly deploy new applications and services without the cost of hardware and software, thereby increasing their operational efficiency and accelerating innovation without capital expenditure.

In addition to reducing latency and increasing performance, IaaS offers business cost savings advances, making it a popular choice for companies looking to adopt cloud technology. Currently, most of Vietnamese companies adopt IaaS, the market is expected to grow exponentially. With cloud, technology provides more efficient and cost-effective solutions.

Increasing Demand for Cost-Effective Solutions

The Vietnam cloud based infrastructure as a service market is driven by the rising demand for cost-effective solutions. This demand is shaped by several factors that are significant to the market landscape in Vietnam. For businesses in Vietnam, cost-effectiveness is a crucial consideration.

Budget constraints and limited resources make it challenging for organizations, particularly startups, small and medium-sized enterprises (SMEs), and even larger enterprises, to invest in traditional on-premises infrastructure. However, the pay-as-you-go model of IaaS allows businesses to pay only for the resources they consume, reducing upfront capital expenditure and enabling organizations to allocate their funds more efficiently.

Moreover, the scalability and flexibility of IaaS contribute to its cost-effectiveness. The ability to scale infrastructure up or down based on current needs reduces wastage and leads to optimal resource utilization and cost savings. With on-demand availability of computer, storage, and networking resources, businesses can respond quickly to fluctuating workloads and seasonal demands without incurring unnecessary costs.

IaaS also eliminates the need for businesses to manage and maintain their own hardware and software infrastructure, which significantly reduces operational costs associated with infrastructure maintenance, system administration, and IT staff requirements. This allows businesses to focus on their resources and expertise on core competencies, innovation, and value-added activities.

Rising Adoption of Cloud Computing

Cloud computing has become increasingly popular in Vietnam, with the country following the trend of rising cloud usage globally. The benefits of cloud computing, such as cost reduction, scalability, flexibility, and improved collaboration, have contributed to the growth of the Vietnam cloud based infrastructure as a service market, and this trend is expected to continue in the coming years.

For starters, increasing efforts to digitize various sectors are one of the major drivers promoting cloud computing utilization in Vietnam. Companies and organizations in Vietnam are utilizing cloud-based solutions to modernize their business practices by streamlining processes, increasing efficiency, and lowering infrastructure costs. Government programs such as Digital Vietnam and Smart Cities support the use of cloud-based infrastructure in industries such as e-governance, healthcare, education, and finance.

The increased demand for data processing and storage capacity is a crucial factor. To store, handle, and analyze the enormous volume of digital data produced by organizations, consumers, and the Internet of Things (IoT), a strong and scalable infrastructure is necessary. Businesses can offload their data management requirements to cloud IaaS providers, who provide the necessary infrastructure, such as servers, storage, and networking resources, allowing them to focus on their core competencies.

Furthermore, cloud computing has gain popularity in Vietnam as the country's smartphone and internet penetration rates have increased. The availability of low-cost smartphones and data plans has resulted in a huge growth in the number of internet users and users of digital services. Cloud computing allows these users to access programs, data, and services from anywhere, at any time, without the need for a major local infrastructure.

In addition, the COVID-19 outbreak has accelerated Vietnam's utilization of cloud services. When businesses transitioned to remote work and online operations, the cloud emerged as a major facilitator, providing the necessary infrastructure and technologies for collaboration, communication, and remote access to resources. This experience has proved cloud computing's adaptability and endurance, which will increase its use in the post-pandemic period.

In conclusion, factors such as digitalization aspirations, data storage requirements, smartphone penetration, and the repercussions of the COVID-19 pandemic are driving the use of cloud computing in Vietnam. These factors have contributed to the growth of the Vietnam cloud based infrastructure as a service market, which is expected to continue during the forecast period. As businesses and organizations in Vietnam learn about the benefits of cloud computing, the need for cloud infrastructure services is expected to increase, which, in turn, will boost the country's creativity and economic growth during the forecast period.

Government Initiatives and Digital Transformation

The Vietnam cloud based infrastructure as a service market is being driven by an increasing demand for cost-effective solutions. There are several factors that contribute to this demand and shape the market landscape in Vietnam.

To begin with, cost-effectiveness is a crucial consideration for businesses in Vietnam, especially for startups, small and medium-sized enterprises (SMBs), and even larger enterprises who are facing budget constraints and limited resources. Traditional on-premises infrastructure requires substantial upfront investments in hardware, software licenses, maintenance, and skilled personnel. In contrast, IaaS offers a pay-as-you-go model, allowing businesses to pay only for the resources they consume.

Story continues

This eliminates the need for upfront capital expenditure, reducing financial barriers and enabling organizations to allocate their funds more efficiently. The scalability and flexibility of IaaS contribute to its cost-effectiveness. Businesses can easily scale their infrastructure up or down based on their current needs, paying only for the resources they require at any given time.

This eliminates the need to overprovision infrastructure and reduces wastage, leading to optimal resource utilization and cost savings. IaaS providers offer on-demand availability of computer, storage, and networking resources, enabling businesses to respond quickly to fluctuating workloads and seasonal demands without incurring unnecessary costs. Moreover, IaaS eliminates the need for upfront capital expenditure, reducing financial barriers and enabling organizations to allocate their funds more efficiently.

The responsibility for infrastructure management, including hardware provisioning, software updates, security patches, and backups, is shifted to the IaaS provider. This significantly reduces operational costs associated with infrastructure maintenance, system administration, and IT staff requirements. Businesses can focus their resources and expertise on core competencies, innovation, and value-added activities rather than infrastructure management.

Moreover, IaaS empowers businesses to utilize advanced technologies and services without incurring additional expenses. IaaS vendors typically offer a diverse range of value-added services, such as database management systems, artificial intelligence/machine learning tools, analytics platforms, and security services.

By accessing these services through the IaaS platform, businesses can leverage cutting-edge technologies without investing in specialized hardware or software licenses, thereby making it a highly cost-effective option. In summary, the escalating demand for cost-effective solutions is a significant driving factor for the Vietnam cloud based infrastructure as a service market.

The pay-as-you-go model, scalability, flexibility, reduced infrastructure management overheads, and access to advanced services contribute to the cost-effectiveness of IaaS. As companies in Vietnam strive to optimize their IT infrastructure expenses and achieve better cost-efficiency, the adoption of IaaS is expected to continue its upward trend in the coming years.

Key Attributes:

Report Attribute

Details

No. of Pages

90

Forecast Period

2023 - 2028

Estimated Market Value (USD) in 2023

$0.78 Billion

Forecasted Market Value (USD) by 2028

$2.02 Billion

Compound Annual Growth Rate

17.2%

Regions Covered

Vietnam

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Vietnam cloud based infrastructure as a service market

Amazon Data Services Vietnam Pvt Ltd

Apollo Global Management Vietnam Pvt Ltd

MICROSOFT VIETNAM CORPORATION PVT LTD

Dell Vietnam Pvt Ltd

IBM Vietnam Pvt Ltd

Netmagic Solutions Pvt Ltd

Hewlett Packard Enterprise Pvt Ltd

NTT Communications Pvt Ltd

Cisco Systems Vietnam Pvt Ltd

VMWare Software Pvt Ltd

Report Scope:

Vietnam Cloud Based Infrastructure as a Service Market, By Type

Vietnam Cloud Based Infrastructure as a Service Market, By Solution

Vietnam Cloud Based Infrastructure as a Service Market, By Organization Type

Small & Medium Business

Large Enterprises

Vietnam Cloud Based Infrastructure as a Service Market, By End-User Industry

IT & Telecom

BFSI

Healthcare

Government

Education

Defense

Others

Vietnam Cloud Based Infrastructure as a Service Market, By Region:

Central Vietnam

North Vietnam

South Vietnam

For more information about this report visit https://www.researchandmarkets.com/r/5yo39g

About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Attachment

Visit link:
Vietnam Cloud Based Infrastructure as a Service Markets, Competition, Forecast & Opportunities, 2028F: Government Initiatives and Increasing...

Read More..

Oak View Group Partners with Oracle to Supercharge Fan … – Oracle

In an effort to elevate the guest experience with shorter concession lines, enhanced mobile ordering and a streamlined digital payment processing system, Oak View Group (OVG), the largest developer of sports and live entertainment venues in the world, today announced a partnership with Oracle to deploy Oracles MICROS Simphony Cloud and Payments Cloud Service in its owned and operated arenas with rollout to its global portfolio of arenas, stadiums and event venues over the next several months.

With the Oracle platform, OVG will now have access to real-time data across its properties that can help inform operational decisions and better understand and serve the needs of its fans.

The solution will deliver flexible configurations for food and beverage offerings and give fans an omnichannel order and pay experience. Through the new partnership, all OVG Hospitality partners will offer contactless pay options, such as debit/credit cards, Apple Pay, Google Pay, and Samsung Pay.

OVGs Global Partnerships division negotiated this landmark deal and is responsible for activating Oracles marketing assets across all OVG arenas and stadiums.

Oracle MICROS Simphony is now online at OVG venues including UBS Arena, home of the New York Islanders, in Belmont Park, NY; Acrisure Arena in Palm Springs, CA; Moody Center at the University of Texas in Austin, TX and CFG Bank Arena in Baltimore, MD as well as the newly opened Tahoe Blue Event Center in Stateline, NV; Dr. Phillips Center for the Performing Arts in Orlando, FL; the University of Central Florida Athletics in Orlando, FL (arena & stadium) and Crown Complex in Fayetteville, NC.

Oak View Groups partnership with Oracle is 100 percent about the fan experience, said Ken Gaber, president of OVG Hospitality. From grab-and-go, self-checkout, mobile ordering to just-walk-out, we are hyper-focused on ensuring our guests have shorter lines and quicker access to a wide variety of high-quality delicious food and beverage options to increase the fans time spent enjoying the event. We want our guests to have a memorable experience anytime they attend an event at an OVG venue. We are ensuring our technology mirrors the technology our guests experience in other aspects of their lives.

With validated integrations for 200-plus applicationsincluding financial, HR and analytics platformsOracles digital transaction platform is expected to inform and automate every aspect of OVGs food and beverage operations. OVG Hospitality, which will use integrated kitchen display and inventory systems to help kitchen teams control costs, limit waste, and fulfill orders from all channels efficiently, can now better use data to make real-time adjustments based on analytics, including management of inventory during an event.

From the entertainment to the food, fans are looking for a great experience in all aspects of their stadium visit, said Simon de Montfort Walker, executive vice president and general manager for Oracle Food and Beverage & Consumer Payments. As OVG has continued to grow exponentially, it has also continued to deliver on its unrelenting focus on the fan. Together, we can take that experience to the next level by enabling OVG to bring the new innovations its fans want to stadiums faster.

Read more:
Oak View Group Partners with Oracle to Supercharge Fan ... - Oracle

Read More..

Community and Critical Access Hospitals Select Oracle Health … – Oracle

Several new healthcare organizations across the U.S. have recently selected Oracle Healths CommunityWorks, an integrated electronic health record (EHR) that supports the clinical, financial, and operational needs of smaller hospital operations in acute and ambulatory settings. These include Crawford County Memorial Hospital, Golden Plains Community Hospital, Murray-Calloway County Hospital, Nashville General Hospital, and Sarah D. Culbertson Memorial Hospital and Culbertson Clinics.

Oracle Health recognizes the challenges faced by healthcare providers in community and critical access hospitals such as geographic isolation, workforce shortages, technology disparities, and diminishing resources. CommunityWorks is specifically designed for community, rural, and critical access hospitals to help overcome these challenges.

With National Rural Health Day this week, we appreciate the work of rural providers who are often caring for their neighbors. Oracle Health believes everyone deserves access to high-quality care, regardless of where they live, said Travis Dalton, executive vice president and general manager, Oracle Health. We launched theCommunityWorkssolution more than a decade ago to bring innovative technology to some of the smallest hospitals around the country. With limited resources and staffing options within their communities, we are helping make sure they have the right tools to support efficient and quality care.

The healthcare organizations that have recently chosen to adopt CommunityWorks include:

In addition to these new customers, Sarah D. Culbertson Memorial Hospital and Culbertson Clinics recently completed their CommunityWorks go live. They chose a new EHR to provide an integrated framework that communicates throughout their organization and supports patients with a streamlined and secure way to manage their health and wellness information electronically.

KLAS Research recognized Oracle Healths double-digit hospital growth in its 2023 U.S. Hospital EMR Market Share report, highlighting Oracle Healths strong position in the sector of U.S. hospitals with 200 or fewer beds, where the company won the most contracts for the fifth year in a row.

Visit the websiteto learn more about how Oracle supports caregivers in smaller communities.

See original here:
Community and Critical Access Hospitals Select Oracle Health ... - Oracle

Read More..

GIC chief says investors should prefer Big Tech to start-ups on AI – Financial Times

What is included in my trial?

During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages.

Standard Digital includes access to a wealth of global news, analysis and expert opinion. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. For a full comparison of Standard and Premium Digital, click here.

Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section.

If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month.

For cost savings, you can change your plan at any time online in the Settings & Account section. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial.

You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. Compare Standard and Premium Digital here.

Any changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel.

You may change or cancel your subscription or trial at any time online. Simply log into Settings & Account and select "Cancel" on the right-hand side.

You can still enjoy your subscription until the end of your current billing period.

We support credit card, debit card and PayPal payments.

Link:
GIC chief says investors should prefer Big Tech to start-ups on AI - Financial Times

Read More..