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First PREMIER Bank Sells 1800 Shares of Global X Cloud Computing ETF (NASDAQ:CLOU) – Defense World

First PREMIER Bank cut its stake in shares of Global X Cloud Computing ETF (NASDAQ:CLOU Free Report) by 29.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,320 shares of the companys stock after selling 1,800 shares during the quarter. First PREMIER Banks holdings in Global X Cloud Computing ETF were worth $94,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. CVA Family Office LLC acquired a new position in Global X Cloud Computing ETF during the fourth quarter valued at $146,000. Raymond James Financial Services Advisors Inc. boosted its holdings in Global X Cloud Computing ETF by 538.4% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 312,509 shares of the companys stock valued at $7,081,000 after purchasing an additional 263,555 shares during the last quarter. Insight Advisors LLC PA boosted its holdings in Global X Cloud Computing ETF by 14.4% in the 4th quarter. Insight Advisors LLC PA now owns 68,018 shares of the companys stock valued at $1,541,000 after purchasing an additional 8,581 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Global X Cloud Computing ETF in the 4th quarter worth approximately $1,670,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Global X Cloud Computing ETF by 4.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 379,197 shares of the companys stock worth $8,593,000 after acquiring an additional 17,316 shares during the last quarter.

Global X Cloud Computing ETF stock opened at $19.09 on Tuesday. The firm has a market cap of $443.46 million, a PE ratio of 46.16 and a beta of 0.98. Global X Cloud Computing ETF has a 52-week low of $17.26 and a 52-week high of $23.67. The companys 50 day moving average is $19.94 and its two-hundred day moving average is $21.31.

The Global X Cloud Computing ETF (CLOU) is an exchange-traded fund that is based on the Indxx Global Cloud Computing index. The fund provides exposure to a market-cap weighted global equity index of companies involved in the cloud computing industry. CLOU was launched on Apr 12, 2019 and is managed by Global X.

Want to see what other hedge funds are holding CLOU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Global X Cloud Computing ETF (NASDAQ:CLOU Free Report).

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Oracle Cloud Helps Health Insurers Reduce Data Complexity and IT Costs – PR Newswire

New Oracle Health Insurance Data Exchange Cloud Service simplifies and secures data exchange with CMS and employer groups

AUSTIN, Texas, June 25, 2024 /PRNewswire/ --Oracle introduced the Oracle Health Insurance Data Exchange Cloud Service, a new solution designed to help healthcare insurers more easily onboard evolving data formats and simplify their complex data exchange needs. With the ability to create custom data mapping and validation rules, insurers can speed the processing of new and proprietary data formats, streamline integration with partners such as the Centers for Medicare and Medicaid Services (CMS), and reduce costly and time-consuming IT projects with a modern, secure data exchange solution.

"Our data exchange cloud service represents a fundamental shift in data exchange for the health insurance sector," said Srini Venkatasanthanam, global vice president, insurance product development, Oracle Financial Services. "The cloud-native solution empowers insurers to overcome the limitations of legacy systems, enable an agile data exchange, and comply with industry standards, including data security requirements."

The new SaaS service represents a transformative leap in data exchange capabilities, enabling insurers to facilitate the seamless exchange of data in real time. The service supports industry-standard formats, such as HIPAA X12 Electronic Data Interchange (EDI) enabling health insurers to exchange operational data with partners and government authorities with ease and efficiency.

"Oracle's new Data Exchange Cloud Service addresses a critical need in the health insurance industry today," said Jeffrey Rivkin, Research Director, Payer IT Strategies, IDC. "Oracle's launch of the Data Exchange Cloud Service is a pivotal advancement for insurers, providing a cloud-native solution rich in features tailored to streamline complex data exchange processes. With it, Oracle addresses a critical industry need, offering a robust platform designed to enhance data interoperability and efficiency."

Key features of Oracle Health Insurance Data Exchange Cloud Service include:

About Oracle Insurance Oracle provides modern, innovative technology that enables insurers to drive their digital transformation strategy forward. With Oracle's flexible, rules-based core administration solutions for Life, Annuity, and Health insurers we foster business transformation by enabling product innovation and delivering IT cost reduction. Oracle Insurance solutions can be installed on-premises or consumed as secure and compliant cloud services. To learn more, visit https://www.oracle.com/financial-services/insurance/.

About Oracle Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at http://www.oracle.com.

Trademarks Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud companyushering in the new era of cloud computing.

SOURCE Oracle

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Amazon in Europe: Committing to German Cloud & AI Expansion – Technology Magazine

Additionally, research teams at Amazons Development Centre in Berlin will benefit from lab expansions to develop and enhance AI and robotics capabilities.

With our teams continually focused on innovation, were helping German customers transform the way they work, live, connect and thrive, says Rocco Bruniger, Amazon Germany Country Manager. Our teams work hand-in-hand with state-of-the-art technologies to deliver for small businesses and customers, while AWS enables organisations of all sizes in Germany to grow their businesses and innovate using the cloud.

As part of this latest investment, AWS is planning to invest 8.8bn (US$9.43bn) by 2026. This will be to continue building, maintaining, and operating its cloud infrastructure for the AWS Europe (Frankfurt) region, which has been based in the Frankfurt Rhein-Main area since 2014. This will help meet growing customer demand for AWS technologies in Germany, including AI.

Digital transformation is set to rapidly continue across Europe, with increasing numbers of companies investing to build greater partnerships with existing companies within the region. The UK, France and Germany are currently the leading nations receiving foreign direct investment (FDI) for digital technology projects, according to a 2024 EY survey.

Cloud and AI will continue to surge across Europe as it contributes to greater operational efficiency and cost-saving measures. According to McKinsey in April 2024, more than 90% of European companies ranked their cloud programmes as a priority moving forward.

Greater AI software in cloud environments can help users enjoy greater interconnectivity and ultimately enhance overall productivity.

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Poll finds cloud contributing to cyberattack proliferation – SC Media

Gigamon's 2024 Hybrid Cloud Security Survey revealed a 20% year-on-year increase in the number of undetected cyberattacks, with the cloud pinpointed as one of the main weak points, reports Cyber Magazine. The survey of over 1,000 security and IT leaders found that cloud complexity contributes to increased cyber risk, with 83% of respondents acknowledging this issue and only 25% declaring themselves capable of initiating a real-time response to breaches. One in three organizations said they experienced an undetected breach in the last year.

As data spreads across diverse environments, visibility into lateral, or East-West, traffic has decreased, according to respondents, with only 40% claiming to have adequate oversight. Amid the growing threat, 65% of respondents said they believe their current security tools are insufficient for breach detection.

Gigamon tech evangelist Mark Jow pointed to the poll results as evidence of enterprises' need to adopt deep observability capabilities. "Whether organizations are fending off AI-powered attacks, integrating AI-powered solutions into hybrid cloud environments, or seeking to establish Zero Trust, deep observability is fundamental to success," Jow said.

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Aviation Cloud Market Share Envisaged To Reach USD 24.7 Billion, at 16.2% CAGR by 2034 | Prophecy Market Insights – GlobeNewswire

Covina, June 25, 2024 (GLOBE NEWSWIRE) -- According to the recent research study, the global aviation cloud market size was valued at USD 6.3 Billion in 2024 and is envisaged to reach USD 24.7 Billion by 2034, growing at a CAGR of 16.2%.

Aviation Cloud Market: Overview & Trends

The aviation cloud market refers to the aviation industry's use of cloud computing technology and services to increase operational efficiency, passenger experiences, and digital transformation. Cloud services are being adopted by aircraft manufacturers, airlines, airports, and other stakeholders in order to benefit from scalable and adaptable data management, analytics, and security solutions. Integrating emerging technologies such as AI, machine learning, and IoT with cloud platforms to provide advanced predictive maintenance, tailored passenger experiences, and sustainability programs. The aviation cloud market is being driven by the need for digital transformation in the aviation industry, with cloud computing playing an important role in improving operational efficiency, passenger experiences, and sustainability initiatives.

The aviation cloud market is emerging as a revolutionary force in the aviation sector, driven by the growing demand for higher operational efficiency, cost savings, and a better passenger experience. Cloud computing in aviation refers to the use of distant servers housed on the internet to store, manage, and analyze vital data rather than local servers or computers. This technology provides various benefits, including scalability, adaptability, and real-time data handling. The use of cloud technology allows airlines, airports, and other aviation stakeholders to simplify operations, optimize aircraft routes, manage maintenance schedules, and deliver tailored services to passengers. As the aviation industry recovers and adjusts to post-pandemic realities, demand for resilient, secure, and efficient cloud-based solutions is projected to skyrocket. This expansion is fueled further by advances in cloud technology, increased digital transformation projects, and the need to strengthen resilience to potential disruptions.

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Competitive Landscape:

The aviation cloud market is characterized by rapid growth, technological innovation and fierce competition. Companies are expanding their global presence, focusing on sustainability and diversifying their service offerings to stay competitive.

Some of the Key Market Players:

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Analyst View:

The aviation cloud market is experiencing significant growth due to the adoption of digital transformation, emerging technologies, operational efficiency, passenger experience enhancement, and sustainability initiatives. The COVID-19 pandemic has accelerated the adoption of cloud-based solutions, enhancing operational efficiency and passenger experiences. Emerging technologies like AI, ML, and IoT are integrating with cloud platforms, enabling predictive maintenance, personalized passenger services, and data-driven decision-making. Cloud-based solutions are also streamlining operations, reducing costs, and improving overall efficiency. The North American region is expected to hold the largest market share, driven by major aircraft manufacturers and investments in advanced technologies. The Asia Pacific region is expected to show the highest growth rate, driven by rapid economic growth, digitalization, aviation infrastructure investments, and high-growth aviation markets. The North America and Asia Pacific regions are expected to lead the way in this transformation.

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Market Dynamics:

Drivers:

Digital Transformation in Aviation

Adoption of Emerging Technologies

Market Trends:

Personalized passenger services

Segmentation:

Aviation Cloud Market is segmented based on Service, Deployment, Application and Region.

Services Insights

Deployment Insights

Application Insights

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Aviation Cloud Market Scope

Recent Development:

Regional Insights

Browse Detail Report on "Aviation Cloud Market Size, Share, By Service Model (IaaS, PaaS, SaaS), By Deployment Type (Public, Private, Hybrid), By Application (Flight Operations, Passenger Services, Supply Chain Management) By End User (Defense, Airport/Airline, Private Air Vehicle, Others (OEMs & MROs)) and Region (North America, Europe, Asia Pacific, Middle East and Africa, and South America) - Trends, Analysis and Forecast till 2034" with complete TOC @ https://www.prophecymarketinsights.com/market_insight/aviation-cloud-market-5246

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Why It’s Time for Your Business to Accelerate Cloud Adoption – Entrepreneur

Opinions expressed by Entrepreneur contributors are their own.

All too often, entrepreneurs and business leaders wake up to find they have become shackled by outdated technology that limits growth in their organizations. The list of challenges is seemingly endless: duplication caused by short-term workarounds, siloed data, high operating costs, difficulties scaling and security vulnerabilities from patching gaps across different systems. There is growing recognition that hosting computer services and data remotely on the cloud is the answer instead of keeping systems on-premises. However, organizations across healthcare, manufacturing, education, and the government sector, in particular, have been slow to adopt.

In the public sector, citizens are experiencing rising costs as public organizations struggle to tackle cybersecurity threats and be prepared for future issues such as climate change-related instability. In the U.K. and continental Europe, some leaders have seen the light. In 2012, the U.K. launched a program called G-Cloud to promote the adoption of cloud computing across government agencies. By 2016, cloud usage had jumped from 38% to 78% of public services, and annual savings totaled over 725 million ($908 million). Over 90% of cloud solutions suppliers are small and medium-sized enterprises (SMEs).

Germany and France also launched the GAIA-X project to establish a secure European cloud infrastructure, and it has put in place a marketplace connecting public institutions with service providers called GovMarket. The same kind of progress is possible in the private sector. By accelerating migration to the cloud in a secure, structured way, business leaders can start freeing up funds to reinvest in other priorities.

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The 2024 SaaS Awards Shortlist Revealed – PR Newswire

International Software-as-a-Service Awards Program Announces itsShortlist

NEW YORK, June 25, 2024 /PRNewswire/ -- The 2024 SaaS Awards,operated by technology awards body The Cloud Awards, has revealed its shortlist, featuring over 200 outstanding and innovative organizations from around the globe.

A long-established awards platform now spanning 56 categories, The SaaS Awardscelebrates the latest innovations and applications of software-as-a-service solutions across a wide range of use cases and sectors. The program received entries from organizations worldwide, including North America, Canada, Europe, the Middle East, and APAC.

CEO of The Cloud Awards, James Williams, said: "The SaaS Awards has long provided a global recognition stage for organizations at the cutting edge of the software-as-a-service industry. We're delighted to reveal the shortlisted entries for 2024, all of which embody the spirit of innovation and commitment to excellence synonymous with these awards.

"The variety of entries has been particularly impressive this year. In 2023, our awards entrants predicted one of 2024's industry trends to be a rise in 'Vertical SaaS' solutions tailored for specific use cases or sectors which has proven true with many of our shortlistees demonstrating inventive approaches to unique challenges.

"Reaching the shortlist stage is no small achievement. A warm congratulations, and we wish all shortlistees luck as we head into the next round of judging."

The program's judges will now begin the second round of assessment to determine which of the shortlistees are to be taken forwards to the finalist stage. SaaS Awards finalists will be announced on Tuesday 22 July 2024, with the final winners revealed in August 2024.

The program will return to welcome new submissions in spring 2025, to continue recognizing excellence in SaaS solutions.

To view the full shortlist, please visit: https://www.cloud-awards.com/2024-saas-awards-shortlist

The Cloud AwardsandThe A.I. Awards are now accepting nominations for their respective programs, recognizing excellence in cloud computing and artificial intelligence across various industries. The next entry deadline, for The A.I. Awards, is Friday 19 July 2024.

Contact details

For The Cloud Awards Matthew Gregory Sales and Marketing Manager https://www.cloud-awards.com/cloud-computing-awards/ [emailprotected] (212) 574-8117

Notes for editors

About the Cloud Awards

The Cloud Awards is an international program which has been recognizing and honoring industry leaders, innovators and organizational transformation in cloud computing since 2011. The Cloud Awards comprises five awards programs, each uniquely celebrating success across cloud computing, software-as-a-service (SaaS), cloud security, artificial intelligence (AI), and financial technologies (FinTech).

Winners are selected by a judging panel of international industry experts. For more information about the Cloud Awards, please visit https://www.cloud-awards.com/.

About The Cloud Awards Program

The Cloud Awardsidentifies and celebrates the most innovative organizations, technologies, individuals and teams in the world of cloud computing. The program spans 36 categories, including 'Best Cloud Infrastructure' and 'Best Cloud Automation Solution'.

About The SaaS Awards

The SaaS Awardsfocuses on recognizing excellence and innovation in software solutions. Categories range from Best Enterprise-Level SaaS to Best UX or UI Design in a SaaS Product.

About The Cloud Security Awards

The Cloud Security Awardscelebrates innovation in the cybersecurity industry. The program includes a wide range of categories, including 'Best Web Security Solution,' 'Cloud Security Innovator of the Year,' and 'Best Security Solution for Finance or Banking.'

About The A.I. Awards

The A.I. Awards recognizes the best and the brightest in solutions utilizing artificial intelligence. The program incorporates 21 categories across a wide range of sectors, including 'Best Use of AI in Retail and eCommerce' and 'Best Use of AI in Finance'.

About TheFinTech Awards

The FinTech Awards focuses on the major innovations in the world of financial technology, across 23 categories. These include 'Best FinTech for Financial Accounting and Management Accounting' and 'Best FinTech for RegTech and Financial Compliance'.

SOURCE The Cloud Awards

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What is a sovereign cloud? – ITPro

With cloud sovereignty a hot-button topic, businesses might be thinking they too need to jump on the bandwagon. However, industry players tell ITPro that it's still very much a public-sector play.

Often confused with data sovereignty, the sovereign cloud concept is more about the frameworks governments put in place to gain or maintain control over the national cloud environment.

"It's broader than having sovereignty over your data," explains Eamonn O'Neill, chief technology officer and co-founder at cloud services and solution provider Lemongrass.

Sovereign cloud data may entirely reside within national borders and comply with that country's laws and regulations - as per data sovereignty and data residency. However, with sovereign cloud there's typically a further implication - that the data has reduced risk of being seen or accessed from another nation-state.

Multiple governments have stated interest in developing sovereign clouds, from Egypt, Singapore and the United Arab Emirates (UAE), to Germany, Equatorial Guinea, Ireland, and beyond in fact, Oracle boss Larry Ellison is betting big that every country will soon have its own sovereign cloud.

O'Neill says governments may want more control beyond what hyperscalers currently offer, and for them the economics can work versus many business or private-sector customers.

"Most enterprises are quite happy with cloud provider controls because they're audited against so many standards," says O'Neill. "Users of Azure, Google Cloud Platform (GCP) and AWS get incredible control frameworks by default, and that's usually enough for enterprises."

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That said, cloud service providers (CSPs) might still need to cover off sovereign cloud, which might typically be a more or less fully disconnected version of a cloud environment with limited functionalities.

Sid Nag, US-based analyst and vice president for cloud and AI services and technologies at Gartner, argues that offering full data sovereignty to business customers requires a thorough understanding of local regulations, data protection laws, and sovereignty requirements.

Nag notes that effective service delivery in sovereign cloud environments specific to a region or country may in some cases entail the creation of local partnerships to manage and operate public cloud regions dedicated to serving specific country needs.

"Some providers offer their services as private cloud deployments, sometimes with a fully disconnected capability, with the same service catalog and user experience as public cloud deployments," Nag adds.

CSPs must ensure they can provide independence, autonomy, and technology control through disconnected cloud environments if they are to meet the highest achievable state of sovereignty for end-user organizations, he warns. Disconnected sovereign options might run as a regional offering, a country offering, or on customer premises to fulfil this requirement. Done right, feature and service parity can offer a consistent global cloud experience, and CSPs have roles to play.

"Treat partnership activities as a strategic asset to focus on addressing customer sovereignty requirements by including partners in your local sovereign cloud go-to-market strategies," Nag advises. "Either through a joint venture or a strategic partnership, depending on sovereignty requirements of the region or country."

For Nag, customers including businesses and perhaps some individuals may want a fully sovereign cloud and not just because everyone is talking about it.

"They most certainly do, because the use of [public] cloud services continues to expand and is becoming critical for a growing number of workloads in both the public sector and commercial organizations," he says. "Governments and other regulators publish increasingly strict guidelines and regulations regarding cloud services for critical or sensitive workloads."

Sovereignty requirements stipulate that customers usage of what's typically understood as public cloud must be immune from the impact of foreign laws and mandates; sovereignty overall has become a key requirement for consideration alongside other controls requirements such as security, resilience, residency and privacy, he agrees.

It's about continuing to benefit from increased flexibility and scalability of cloud versus on-premises storage while addressing data storage and management.

"Governments [and others] want to be able to put their hand up in the wind and say they know that this is secure, against the controls," Lemongrass's O'Neill agrees, noting that it's not about hiding data and information so much as supporting the ability to connect. "They want to see, and demand, those controls. Developing sovereign clouds is a sort of compromise, if you like. It's about how to take advantage of amazing technology but also have things your way."

O'Neill adds however that cost and complexity are two of the biggest potential drawbacks as with many other technological advances. Cloud, of course, is rarely straightforward, with current burdens and risks including security, finance and cost.

Mark Boost, chief executive at cloud services provider Civo, agrees, although he believes that walling something off can be restrictive, in the sense that it can prevent specific actions.

Some investments in sovereign cloud have focused on hosting of government services potentially putting all their eggs in one data center. That can be risky and complicate how countries support or work with data centers, IT providers, and other entities.

Then theres the issue of compliance. In December 2023, Microsoft announced it was making its sovereign cloud available to all regions, including Europe, as if realizing that if it didnt it could lose business. However, Microsoft remains a US company, and the US Cloud Act allows access to any data hosted on its platform.

"That data can flow out of Europe to the US. The fact that it can happen means it's not sovereign, Boost tells ITPro. "The devil can be in the detail when it comes to sovereignty claims. What's truly needed is full transparency of what that means in each case," Boost says.

Similar moves have been made by other cloud giants, most recently AWS, which has also been forced to contend with the thorny issue of compliance. It revealed in May that it would be investing 7.8bn over the next 15 years as part of a new sovereign cloud region, including much tougher rules that allow customers to keep all locked inside of the EU.

Customers may need to consider who their partners are across their supply chain and where they are based. If it's in another country, who has access to the data? What happens if their technician or someone else logs on - for example when there's an issue - to access that data? Those situations may all need to be considered before claiming to offer full sovereignty, argues Boost.

Choices of provider and strategy might be limited, although perhaps not in a country like the UK that's generally developed all the services required. A smaller country might only have a small data center with a subset of services. And where there are cloud sovereignty guarantees written into service level agreements (SLAs), the cost might rise, especially for smaller businesses, Boost agrees.

As usual, it's all a moving target as compliance and regulation continue to evolve.

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IT Modernization Is the Catalyst for Improved Government Digital Services – StateTech Magazine

Citizens and businesses throughout the United States dont necessarily think of interactions with their local government as being overly efficient or offering a world-class user experience. However, those expectations are changing post-pandemic with the rapid advancement of technology and the relentless focus on user experiences from some of the most innovative companies in the world.

Critically, constituents expect citizen and business services to be available when they need them. But it is becoming more and more challenging for state and locaI governments to provide these services in a cost-effective, secure and reliable manner with the resiliency to confidently meet their citizens needs. States, cities and counties are saddled with aging infrastructure, legacy systems, siloed data, archaic procedures and years of funding deficits that have required them to focus on extending the life of assets and deferring cyclic replacement rather than modernizing mission-critical systems.

Yet, technology platforms have advanced to the point where it is no longer cost-prohibitive or seemingly impossible to replace legacy systems. Modernization will be the catalyst to deliver services, provide insights into data and serve citizens in ways that are unimaginable today to this generation and others to come.

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In a recent survey from the EY Center for Government Modernization, 95 percent of state and local leaders said they recognize the importance of investing in at least one emerging technology to modernize their agency. The high costs of maintaining a traditional legacy system, not to mention the licenses and other fees that are levied on the system, compound the cost of ownership and operations.

The average change cycle in a legacy deployment is usually greater than a legacy replacement, making it more difficult to be agile and implement quick changes to the application. As a result, commercial off-the-shelf and Software as a Service packages are getting higher priority for running core systems. Developers and architects to manage the legacy applications are hard to come by, and experts are either retiring or migrating to other modern technologies.

Very few people are ready to be trained in legacy technologies, which creates immense hurdles both for maintaining and developing legacy systems and for attracting the next-generation workforce. Tightly coupled applications and legacy architectures with complex interdependencies pose a huge challenge. Core systems are struggling to keep pace with citizen and business owner demands, costing them time and money.

LEARN MORE: How can a strategic application assessment help government agencies?

State and local governments are rapidly adopting a lift-and-shift approach, using modernization tools to migrate legacy applications to the cloud with low- or no-code change. These tools improve reliability and security profiles. Governments are also adopting open source and containers in a big way while rearchitecting and rebuilding legacy apps to keep costs down.

State and local governments can expect vast improvements in operational efficiency, collaboration and constituent services from modern technology, including low-code platforms, automation, cloud solutions and artificial intelligence.

The views reflected in this article are the views of the author and do not necessarily reflect the views of Ernst & Young LLP or other members of the global EY organization.

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Amazon pumps another 10B into Germany – CloudTech News

In another bold step to strengthen its grip in Europe, Amazon launched a 10 billion investment plan for Germany, with the goal of driving innovation and creating thousands of jobs across the country. This huge financial commitment demonstrates Amazons commitment to improving its logistics network, cloud infrastructure, and research and development (R&D) skills in its most important European region.

Amazons investment will result in the creation of three new fulfilment centres by 2024. The sites in Horn-Bad Meinberg, Erfurt, and Groenkneten will create 4,000 new employment, adding to Germanys current workforce of over 40,000 permanent employees. These employment will cover a wide range of responsibilities and skill levels, with chances in over 100 cities and municipalities.

Amazon came to Germany over 25 years ago, and we continue to invest in the country. Our teams work hand-in-hand with state-of-the-art technologies to deliver for small businesses and customers, while AWS enables organizations of all sizes in Germany to grow their businesses and innovate using the cloud, Amazon Germanys Country Manager, Rocco Bruniger said, highlighting the companys long-term commitment to Germany.

A significant amount of the investment, 7.8 billion, would go to Amazon Web Services (AWS) to expand its European Sovereign Cloud, which is a new independent cloud infrastructure for Europe. The first AWS region for this cloud will be established in Brandenburg by the end of 2025, meeting Europes growing demand for cloud technology while guaranteeing digital sovereignty.

Furthermore, AWS intends to invest 8.8 billion in its Frankfurt-based cloud infrastructure by 2026, sustaining and extending the AWS Europe (Frankfurt) Region. This investment will help to meet the growing demand for AWS technologies, including artificial intelligence (AI), and is estimated to contribute 15.4 billion to Germanys GDP while supporting an average of 15,200 full-time jobs in the local supply chain.

Reflecting the companys commitment to innovation, Amazon also has research and development hubs in Germany. Since 2010, the company has invested more than 77 billion in Germany, thereby making an estimated economic contribution of over 50 billion. This is on top of the companys big investments in AI and robotics at its Berlin Development Centre, where it will open larger labs and work on ways to improve Amazon technologies.

R&D teams in these cities work on projects related to AWS, Amazon Music, Fire TV, Alexa and fulfillment technologies. These investments not only power Amazons expansion but also contribute to the economies and innovative environments of local sites in Germany.

Amazons approach to deploying capital also reflects a broader corporate initiative around environmental responsibility and social well-being. In Germany, they were focused initially on digital skills and talent development programmes in partnership with local communities and supporting use of AWS technologies for local small businesses. Amazons sustainability practices demonstrate its commitment to minimizing impact on the environment while still pushing for economic growth.

Stefan Hoechbauer, Managing Director for Germany and Europe at AWS, emphasized Amazons role in fostering innovation: Germany is at the heart of innovation across Europe. To address the growing demand for our services, were investing heavily in Germanys digital infrastructure. This also includes our commitment to support digital skills and talent development programmes across Germany and to partner with local communities on joint initiatives with a lasting impact.

Amazons investment in Germany is part of a broader strategy to enhance its presence and capabilities across Europe. The companys focus on logistics, cloud infrastructure, and R&D is evident in similar initiatives in other European countries. For example, Amazons recent announcement that it is investing 15.7 billion in Spain to support 17,500 jobs a year shows how the company wants to drive economic growth and technology innovation across Europe.

In a nutshell, through its strategic investments, Amazon is laying the course for Europe to continue leading innovation on a global scale. Amazon is a future-facing employer ensuring that Europe is ready for the challenges of tomorrow by harnessing cutting- edge technology and creating thousands of jobs.

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Tags: AI, Amazon, AWS, Europe, germany

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