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Computer Guidance Corporation Successfully Passes SOC 1 Type II … – PR Web

"The successful completion of our SOC 1 Type II and SOC 2 Type II audits provides Computer Guidance's clients with the assurance that the controls and safeguards we employ to protect and secure their data, systems and cloud hosting environments are in line with industry standards.

"The successful completion of our SOC 1 Type II and SOC 2 Type II examination audits provides Computer Guidance's clients with the assurance that the controls and safeguards we employ to protect and secure their data, systems and cloud hosting environments are in line with industry standards and best practices and that we are committed to and making every investment to establish and maintain the most stringent controls needed to ensure the highest level of security and compliance," stated Michael Bihlmeier, President, Computer Guidance Corporation.

About Computer Guidance Corporation With over 20% of their clients represented on top ENR lists, Computer Guidance Corporation delivers the leading construction enterprise resource planning solution including financial and project management, #1 business intelligence, mobile, and enterprise content management. Scalable, customizable, and cloud hosted, CGC serves thousands throughout North America. Computer Guidance Corporation is part of the JDM Technology Group, a global construction-specific software conglomerate that serves more than 500,000+ in 40 countries and 6 continents.

Media Contact

Victoria Satran, Computer Guidance Corporation, 4804447000, [emailprotected], https://computerguidance.com/

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Exchange Server to Enable Extended Protection By Default – Petri.com

Key takeaways:

Microsoft has announced its plans to enable Extended Protection by default on Exchange Server later this year. Scheduled to roll out with the 2023 H2 Cumulative Update, the new security feature will help organizations to boost protection against credential theft and man-in-the-middle attacks.

Windows Extended Protection is a security feature that is designed to secure communication between client and server devices. It strengthens the NTLM (Windows NT LAN Manager) protocol that is used to authenticate users in Windows environments. The Extended Protection feature helps to protect users against various types of attacks, including credential theft and man-in-the-middle (MiTM) attacks.

Last year, Microsoft introduced Extended Protection support to mitigate specific vulnerabilities in Exchange Online. Currently, IT admins need to manually enable Extended Protection support on Exchange Servers in their tenants. Starting with the 2023 H2 Cumulative Update (CU), Microsoft will enable Extended Protection by default for Exchange Server 2019.

EP allows a binding to occur within Windows Authentication in IIS between the auth information passed at the Application layer and the TLS encapsulation at the lower levels of the protocol stack. Auth information is also supplemented by adding the namespace the client is accessing in the connection, the Exchange team explained.

Microsoft notes that organizations will be able to use the command-line CU installer to opt out of the default configuration. However, IT admins who use the unattended Setup/scripts to deploy cumulative updates will need to add the new Setup parameter manually. Microsoft recommends the following course of action:

Microsoft advises all administrators to enable Extended Protection in their organizations. If you have any servers older than the August 2022 SU, then your servers are considered persistently vulnerable and should be updated immediately. Further, if you have any Exchange servers older than the August 2022 SU, you will break server-to-server communication with servers that have EP enabled, the Exchange team added.

Its important to note that threat actors are increasingly looking to search, discover, and exploit vulnerabilities in Exchange Server. The integration of Extended Protection support should offer a robust defense against rising threats like MITM attacks.

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Cloud Server Market 2023 Competition Landscape 2029 | IBM, HP … – The Knox Student

The most recent research report from MarketQuest.biz, titled Global Cloud Server Market 2023 demand, size application segment, type, regional outlook, recent trends, industry share & revenue by manufacturers, and future growth potential forecasts to 2029. The market size and growth in this industry are analysed in the report. The global Cloud Server market has reportedly been gaining strong momentum in recent years, according to the report. Porters five forces analysis and SWOT analysis are also included in the study to identify the factors that influence behaviour. The analysis of the leading competitors sales, sales, enterprise tactics, and forecasts is followed by a review of the competitive landscape scenario.

Manufacturers, business leaders, consultants, VPs, managers, execution managers, suppliers, and other people are surveyed and interviewed to collect data. A few examples of secondary data sources include publications, financial reports, research projects, annual reports, white papers, case studies, and paid data sources. The MarketQuest.biz companys researchers gathered all the quantitative and qualitative data necessary to complete the study for the Cloud Server business.

For In-Depth Competitive Analysis, Read a Report: https://www.marketquest.biz/sample-request/107734

The researchers and analysts at MarketQuest.biz count on reliable sources for their information. The data is prepared, compiled, and analysed for its intended users using the appropriate data processing and analysis tools. Top-down or general-to-specific and bottom-up or specific-to-general study methods are both used to produce useful business knowledge. Additionally, the report offers a thorough analysis of market participants and applications for the Cloud Server market. The segmentation study determines the product group for the Cloud Server market that is the focus of the research. By examining market participants, the study buyer can determine how competitive the market is for the Cloud Server company. Each area of the world has divisions based on geography. Focusing on regions will help researchers better grasp the Cloud Server market.

Market by product types:

Market by applications:

The Cloud Server company also offers information on significant businesses. These companies participants include:

To Know the Upcoming Trends and Industry Insights, Read Full Report: https://www.marketquest.biz/report/107734/global-cloud-server-market-2022-by-company-regions-type-and-application-forecast-to-2028

The following countries, which are further divided into regions, are also taken into account in the analysis of the study:

The Cloud Server market affects every area of the world differently, based on variables like GDP per capita, inflation rate, and other macroeconomic factors. Customers can develop a successful business plan because of the studys distinctive methodology and in-depth knowledge of the Cloud Server market.

The study examines sales forecasts for each industry and gives more details. The market revenue forecast is based on the operational divisions present performance as well as a preliminary analysis of important historical data. Businesses cannot achieve their objectives without essential components like company profiles, segmentation analysis, and geographic study. In order to evaluate the degree of competition and entry barriers that new market entrants must overcome, the study also examines the state of the market at the moment.

Contact UsMark StoneHead of Business DevelopmentPhone: +1-201-465-4211Email: sales@marketquest.bizWeb: http://www.marketquest.biz

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Dell 2Q24: Massive AI Opportunities To Drive Future Growth – CRN

Data center News Joseph F. Kovar August 31, 2023, 10:52 PM EDT

As the number one infrastructure provider, we are clearly positioned to serve the [generative AI] market in a unique and differentiated way. And we have the worlds broadest GenAI infrastructure portfolio that spans from the cloud to the client. Customers big and small are using their own data and business context to train, fine tune, and inference on Dell infrastructure solutions to incorporate advanced AI into their core business processes, says Dell Technologies Vice Chairman and COO Jeff Clarke.

Dell Technologys latest quarterly financial numbers say the companys fiscal 2024 second quarter was a bust, but company executives say that AI and other emerging technology, along with improved macroeconomic trends, make the quarter a strong one. And investors late Wednesday showed their thumbs-up.

Dell reported Thursday a significant year-over-year drop in revenue and GAAP net income along with tiny growth in non-GAAP net income. And the companys revenue guidance for the next quarter is for another double-digit decline.

However, talk about Dells investment in AI convinced investors that Dell is moving in the right direction, giving Dell share prices a 7-plus-percent boost in after-hours trading.

[Related: Dell Technologies World 2023: Five Big Announcements]

Jeff Clarke, vice chairman and chief operating officer for Dell Technologies, said during his prepared remarks that his company had been cautious given its first fiscal quarter results.

But the demand environment improved at a faster rate than we anticipated, particularly as we moved into June and July, Clarke (pictured) said. Operationally, we executed well with expense controls, pricing discipline, and lower input costs. We sharpened our focus on pricing this quarter, and we were selective on deals particularly where shared benefits would have been temporary. While revenue was down year over year, a better demand environment and strong execution enabled extraordinary Q2 results.

Clarke said Dell is encouraged with some of the macro environment signs it sees in the second half of the year.

We saw better underlying demand in the U.S. market and EMEA (Europe, Middle East, and Africa) was better than anticipated, he said. We also saw demand growth in government and SMB, and our transactional demand improved through the quarter. However, most of our largest global customers remain careful with their spending levels.

On the technology side, Dell saw significant strength in AI-enabled servers, as well as in parts of its storage portfolio, particularly with its PowerFlex proprietary software-defined storage technology, which has recorded revenue growth for eight consecutive quarters, Clarke said.

Workstation demand grew and was another bright spot that will continue to benefit from the rise of AI, he said. Developers and data scientists can now fine tune GenAI models locally before deploying them at scale.

AI is a strong tailwind for all things data and compute, Clarke said.

When you think about the potential for workstations, and eventually all PCs, AI is expanding the TAM [total addressable market] for total technology spending and is projected to grow at an 18-percent CAGR [cumulative annual growth rate] for the next couple of years to approximately $90 billion, including hardware and services.

For Dell, that meant sales of its new PowerEdge XE9680 in the quarter made it the fastest ramping of a new product in Dell history, Clarke said. The PowerEdge XE9680 is a GPU-enabled server and a key element in Dells generative AI solutions engineered to speed the deployment of a modular, secure, and scalable platform for enterprise generative AI, he said.

AI servers increased to 20 percent of our servers order revenue in the first half of the year and the 9680 was a big factor, he said. Currently, we have approximately $2 billion in XE9680 orders in backlog, and our sales pipeline is substantially higher.

Generative AP represents an inflection point driving fundamental change in the pace of innovation, productivity gains, and new ways to work, Clarke said.

As the number one infrastructure provider, we are clearly positioned to serve the market in a unique and differentiated way, he said. And we have the worlds broadest GenAI infrastructure portfolio that spans from the cloud to the client. Customers big and small are using their own data and business context to train, fine tune, and inference on Dell infrastructure solutions to incorporate advanced AI into their core business processes effectively and efficiently.

Dell is helping customers size, characterize, and build GenAI solutions, meeting their performance, cost, and security requirements, with any of these new workloads located on-premises or at the edge because of latency, data security, and cost reasons, Clarke said.

In the near term, Dell sees businesses concentrating on four GenAI use cases including customer operations, content creation and management, software development, and sales. And Dell is doing the same internally, Clarke said.

When asked by a financial analyst during the question and answer portion of the call about how Clarke sees the prospects for AI going forward, Clarke said AI is just a new series of workloads and new incremental capabilities that goes across the PC to the data center to the cloud.

And we think it is absolutely, because of the uniqueness of the workload, a growth opportunity in all three of those areas, he said. Distinct in how its built out, distinct in how its going to be used on the PC, opening a whole new opportunity to drive productivity [for] these big foundational models at cloud scale.

On the enterprise level and in business, generative AI will drive the notion of domain-specific, process-specific, or field of study-type AI using customers actual data to develop their own models and run inference on-site or at the edge, Clarke said.

So when you think about the vertical nature of this and how it will actually work in the real world, we think that technology makes its way all the way out to the edge, he said. AI follows where the data is going to be created, where the sensors are collecting the information. And that allows us to put those compute resources where the data is actually being again created. That is not specific to geography. Its not specific to size of business. Its going to be really driven by the type of application and the usage environment.

One size does not fit all, Clarke said.

We think theres a whole slew of AI solutions, again, from the PC to workstations to what happens in the data center, he said. And the data center can be a single server running inference at the edge, it could be defined as a small cluster doing a small micro or fine-level tuning, all the way into these big, foundational models for renewed cloud-scale training.

When asked by another analyst about allocation of GPUs for AI requirements, Clark said ordering a product today might result in a 39-week lead time, or delivery in late May of 2024.

So we are certainly asking for more parts, working to get more parts, he said. Its what we do. Im not the allocator. Im the allocatee. So were advocating our position, our demand. Again, we are winning business, signaled by the $2 billion dollars in backlog today.

Dell will advocate for more supply and is currently tracking at least 30 different accelerator chips that are in the development pipeline, Clarke said.

For its fiscal 2024 second quarter, Dell Technologies reported revenue of $22.93 billion, down 13 percent from the $26.43 billion the company reported for its fiscal 2023 second quarter.

This included an 11-percent year-over-year drop in its Infrastructure Solutions Group revenue to $8.46 billion, led by an 18-percent drop in server and networking revenue to $4.27 billion and a 3-percent drop in storage revenue to $4.18 billion. It also included a 16-percent drop in its Client Solutions Group revenue to $12.94 billion led by a 13-percent drop in commercial revenue to $10.55 billion and a 29-percent drop in consumer revenue to $2.39 billion.

The quarters revenue beat analyst expectations by $2.09 billion, according to Seeking Alpha.

Dell reported GAAP net income of $455 million or 63 cents per share, down from last years $506 million or 68 cents per share. On a non-GAAP basis, Dell reported net income of $1.28 billion or $1.74 per share, up from last years $1.27 billion or $1.68 per share. That beat analyst expectations by 60 cents per share, according to Seeking Alpha.

Looking forward, Dell CFO Yvonne McGill said the companys largest corporate and global enterprise customers are still measured in their IT projects investment and spending plans.

As a result, she said Dell expects fiscal 2024 third quarter revenue to be in the range of $22.5 billion to $23.5 billion, with a midpoint of $23.0 billion, which would be a 7-percent drop over last years $24.7 billion.

Dell also expects earnings per share of $1.45, plus or minus 10 cents per share.

For all of fiscal 2024, Dell is raising revenue expectations to be in the range of $89.5 billion to $91.5 billion, which at the midpoint would be down 12 percent year-over-year.

Joseph F. Kovar is a senior editor and reporter for the storage and the non-tech-focused channel beats for CRN. He keeps readers abreast of the latest issues related to such areas as data life-cycle, business continuity and disaster recovery, and data centers, along with related services and software, while highlighting some of the key trends that impact the IT channel overall. He can be reached at jkovar@thechannelcompany.com.

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Data Center Server Market: The Engine of the Cloud – Taiwan News

The research on the Data Center Server Market for the period (2023 to 2032) gives a clear picture of how big the market is, how its shared among different players, and how its growing in different parts of the world. This information is valuable for companies as it helps them understand the industry better. The research also makes predictions about the future of the market, both on a regional and global scale, which can be useful for businesses when making important decisions. The report keeps track of all the new things happening in the market, and new ideas and inventions. It also provides information about the challenges companies might face when starting their business and offers guidance on how to overcome these obstacles.

The Data Center Server Market was valued at UD $61,502.4 n in 2020, and is projected to register GR of 13.1% over the next 10 years.

The study gives us information about how the market has been in the past and what its like now. It also shows us the important trends and data that help us understand how much the industry can grow in the future. The report tells us about the top companies in the market and how the industry is divided into different types and applications. To make sure the data is reliable, they used various methods to check it, like S.W.O.T. analysis, P.E.S.T.E.L. analysis, and regression analysis. They also present the data in graphs to make it easier to understand. The market for Data Center Server is very competitive, and there are many companies involved. The topplayers in the market are trying to expand their reach by working together with other companies or buying them. They are also investing in research and development to create new products and stay ahead of their competitors.

For Additional Insights on theData Center ServerMarket Forecast, Download a Free Sample @https://market.us/report/data-center-server-market/request-sample/

Market Segmentation

Segmentation by Server Type:

Segmentation by Application:

Segmentation by Region:

Key players profiled in the market report are:

These companies are always working hard to provide advanced and innovative solutions to their customers. They do this to improve their position in the market and reach more customers. The companies are also concentrating on building their online presence and brand reputation. This helps them engage better with customers and increase their sales. In the future, the Data Center Server market will continue to be highly competitive and dynamic. The main players will keep trying to gain a bigger share of the market by using smart strategies and introducing new and creative products.

Regional Outlook

The report studies the status and outlook of different regional markets such as:

Here are 03 key points to this big story:

1. Research Approach:

This study utilized both primary and secondary data sources to gather comprehensive information. The research analyzed various factors impacting the industry, such as government policies, competitive landscape, historical and current data, market trends, technological innovations, potential future technologies, as well as market risks, barriers, opportunities, and challenges. The reports market research method is depicted in a figure.

2. Market Size Estimation:

To determine the global Data Center Server market size, the researchers employed top-down and bottom-up approaches. These methods were also used to estimate the market size of manufacturers, regions, product segments, and end-users. The market estimations are based on the actual sale prices of products, excluding any discounts provided by manufacturers, distributors, wholesalers, or traders. The percentage splits, market share and segment breakdowns are calculated considering the weightage assigned to each segment based on its utilization rate and average sale price. Regional market splits are determined based on the percentage adoption or utilization of the product in each respective region or country.

3. Analysts Perspective on Data Center Server Market [Updated]:

Based on the study, the Data Center Server market is projected to experience a Compound Annual Growth Rate (CAGR %) between 2023 and 2033. This growth is expected to attract new entrants who can take advantage of the markets profitability driven by increasing demand. The market has seen the emergence of numerous innovative companies, thanks to supportive government policies in developing countries and funding from venture capitalists and cutting-edge investors. Moreover, opportunities in the market will be further bolstered by the expansion and development of e-commerce platforms that offer attractive discounts and deals, reaching customers even in distant regions.

Here are some key reasons to buy a Data Center Server market report:

Access the full study findings here:https://market.us/report/data-center-server-market/

TOC Highlights:

1. Executive Summary

1.1. Definition

1.2. Taxonomy

1.3. Research Scope

1.4. Key Analysis

1.5. Key Findings by Major Segments

1.6. Top Strategies by Major Players

2. Global Data Center Server Market Overview

2.1. Data Center Server Market Dynamics

2.1.1. Drivers

2.1.2. Opportunities

2.1.3. Restraints

2.1.4. Challenges

2.2. Macro-economic Factors

2.3. Regulatory Framework

2.4. Market Investment Feasibility Index

2.5. PEST Analysis

2.6. PORTERS Five Force Analysis

2.7. Drivers & Restraints Impact Analysis

2.8. Industry Chain Analysis

2.9. Cost Structure Analysis

2.10. Marketing Strategy

2.11. Russia-Ukraine War Impact Analysis

2.12. Opportunity Map Analysis

2.13. Market Competition Scenario Analysis

2.14. Product Life Cycle Analysis

2.15. Opportunity Orbits

2.16. Manufacturer Intensity Map

2.17. Major Companys Sales by Value & Volume

Continue

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Huawei Cloud Reaffirms Commitment to the Philippine Finance … – PR Newswire Asia

MANILA, Philippines, Sept. 1, 2023 /PRNewswire/ -- In pursuit of its ambitious vision to revolutionise the financial landscape in the digital age within the Philippines, Huawei hosted the prestigious Huawei Cloud Finance Summit Philippines 2023at the exquisite Shangri-La The Fort, situated in the heart of Bonifacio Global City, Taguig, Manila. This summit served as a dynamic convergence point for prominent figures and forward-thinking innovators in the Philippine finance sector, fostering deep discussions on propelling the industry forward through groundbreaking innovations.

Sylvia Wang, CEO at Huawei Cloud Philippines, kicked off the event with a welcome address, where she emphasised the encompassing benefits of digital transformation in the world of finance and why it needs to be foundational to the finance industry moving forward.

Wang also observed that the financial industry stands as the vanguard for the most advanced technologies, often serving as the pioneering frontier where numerous innovations take root. This further emphasises the imperative for all stakeholders, ranging from business leaders to financial institutions and intermediaries, to actively explore the digital solutions now accessible within the industry.

Sylvia Wang, CEO of Huawei Cloud Philippines

Bridging the Digital Gap in the Finance Sector

Huawei has established itself as one ofthe provider of fintech solutions worldwide. Today, Huawei remains steadfast in maintaining this position and aims to assist an expanding network of financial industry players in harnessing innovation to deliver essential services and promote comprehensive financial inclusion for all.

"Over the past years, we have tried our best to provide the best solutions and services to serve all our industry customers," Wang noted about the breadth of Huawei's client base. This client base currently includes 300 financial customers globallyincluding those in Thailand, Singapore, and the Philippines, where Huawei has been in business for over two decades now.

"Huawei has already been in business in the Philippines for 21 years," Wang pointed out proudly. "In the past 21 years, Huawei has accumulated a lot of localised experience and has been giving its best cloud services to support local enterprises. We have gained various certifications and professional recognitions, and also comply to the BSP regulation in Philippines as well. Meanwhile, we are also expected to have our local region in the Philippines in the near future."

Wang added that in this era dominated by cloud-first strategies, Huawei is diligently ensuring that stakeholders within the financial industry have the seamless capability to transition to the cloud and fully capitalise on its advantages.

Huawei Cloud 20-fold Growth in 4 Years, Fastest-Growing Cloud Presence in APAC

Huawei Cloud is, indeed, at the forefront of the cloud revolution in fintech, particularly in the greater APAC region. In his keynote, "HUAWEI CLOUD: Building a Trusted, Innovative Cloud for the Financial Industry", Huawei Cloud APAC President Zeng Xingyun detailed the unprecedented growth of Huawei Cloud in APAC, where it has seen an 86% growth in revenue over the past four years, along with a 62% increase in its customer base and an 80% increase in the number of its partners.

These impressive gains should come as no surprise as Huawei Cloud, according to Zeng, puts the customers' needs above all else. This customer-centric approach is facilitated by Huawei Cloud's extensive network of 14 Availability Zones (AZs), set to expand to 17 with the imminent. Additionally, Huawei Cloud ensures robust local support through a dedicated team of over 30 local experts, ready to provide round-the-clock assistance to its valued customers.

In financial markets, meanwhile, Huawei Cloud saw its revenue increase by 170% last year, thanks to an additional 26 new customers, including some VIP customers such as SCB, KTB, and KTC Bank in Thailand; GLDB Bank and APEX in Singapore; BNC Bank in Indonesia; KBZ Bank in Myanmar, Tune Insurance in Malaysia; and Akulakuin the Philippines.

Zeng Xingyun, President of Huawei Cloud APAC

Why Cloud-Native Is the Way Forward

Undoubtedly, the cloud has taken a primordial role in the finance sector, and Wu Shiwei, CTO at Huawei Cloud APAC, touched on why this is the case in his keynote, "Financial Cloud: Everything as a Service, Building Agile and Smart Finance Together."

Wu highlighted that enterprises have made the strategic choice to adopt cloud-native infrastructure as the cornerstone of their digital transformation efforts. This decision signifies that those already integrated into the cloud ecosystem will have the initial and more streamlined access to cutting-edge innovations, while those yet to migrate or are in the midst of the transition may find it challenging to access the latest technological advancements in a timely and convenient manner.

Additionally, Wu introduced a few of Huawei Cloud's cloud-native core banking solutions, starting with its GaussDB database, which replaced more than 600 sets of Oracle databases in Huawei-owned IT systems.

the launching of Huawei Cloud GaussDB in the Philippines

Wu also introduced Huawei's data-AI convergence, which optimises an institution's decision-making by enhancing its competence and capability to maximise the value of its data. The first thing to do in this case, Wu explained, is to converge the data wherever it is residing, before integrating the data into machine learning operations and DevOps.

Expanding on this pivotal concept, in his keynote "Banking in the Digitalisation Era," Huawei's Chief Digital Transformation Officer of Global Digital Finance, K.T. Chen, delved deeper into how exactly cloud-native is accelerating the digitalisation of the financial sector that is now entering a well-connected world.

Chen, in particular, highlighted technology's growing role in the digital economy and how it is shaping finance in the Philippines with trends such as digital customer experience, big data and AI, and digital currency. Given this, Chen implored the attendees to always provide customers with "the best-class digital experience with your financial services."

Driving Finance Forward in the Philippines via the Cloud

Notably, Wang made sure to emphasise in her opening address Huawei's commitment to enhancing the Philippines' financial sector through its diverse cloud and innovation solutions.

"As we are already part of the Philippines, we trust that we can bring the most valuable cloud to the nation as we know how to translate our technological capabilities and solutions to meet the specific requirements and scenarios in the Philippines," said Wang. "We have a dedicated team and dedicated resources right here, and in the very near future, we'll establish availability zones here in the Philippines. We're committed to harnessing all our capabilities and resources to ensure that Huawei Cloud doesn't just soar in the digital skies but stays firmly grounded, close to you!"

In summary, the Huawei Cloud Finance Summit Philippines 2023 was an unequivocal success, leaving a lasting impact on the Philippine financial industry. As the summit came to a close, it was evident that this dynamic collaboration had set the stage for a new era of financial excellence in the Philippines, driven by the power of the cloud.

Speakers Quotes

Chester Velasco, Vice President, Head of IOCS, UnionBank

"Our journey with Huawei Cloud is not just about immediate gains; it's about building a foundation for long-term success. The hybrid cloud approach offers the scalability required to accommodate future growth, ensuring Unionbank remains agile and responsive as customer needs evolve."

Samuel Tan, Country Manager, Philippines at Sunline

"Through a dual-core transformation strategy integrating legacy and digital cores, enhanced by cloud hosting, banks can now revolutionise digital finance to meet customer demands securely and efficiently."

Mary Cheung, Vice President, Business management, Akulaku

"It is a epitome of technology aiding creativity, a testament to the power of partnership, and a collaboration that we can learn, grow and inspire together."

Michael Calma, Country Manager, Philippines, AdvanceAI

As a young, but amply funded start-up, we need to relentlessly focus on product-market-fit if we are to be successful in a fast growing market such as the Philippines. As Advance.AI, this involves customer-focused innovation and partnerships in localizing global AI technology and best practices into the Philippine context.

Haekal Aufar Amriel, Technical Consultant Manager at Seclron

"In this interconnected world, let's prepare today to secure tomorrow. Mobile app usage has accelerated over the years, and it is now time to help everyone safeguard against the evolving cybersecurity threats in the digital landscape."

Elaine Cheong, Head of Marketing at TrustDecision

"In an era of abundant information but scarce trust, we stand as a beacon of reliability and authenticity. We build a global trusted intelligence network for businesses to combat fraud, deliver comprehensive credit risk analytics and ensure compliance with regulations."

Clarisse Raymundo, Fintech Account Head, Philippines at Wiz.AI

"Harness AI-powered omnichannel customer engagement that impacts customer experience, agent performance, and overall business outcomes with Wiz.AI."

About Huawei Cloud

Huawei Cloud is a global cloud service provider based in China, offering on-demand cloud computing and APIs to individual customers, businesses, and governments, on a metered pay-as-you-go system.

Huawei Cloud leverages over three decades of Huawei's expertise in ICT and digitalisation. We work with our customers, partners, and developers to dive into the digital realm and provide Everything as a Service. Together, we are building the cloud foundation for an intelligent world.

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Huawei Cloud Reaffirms Commitment to the Philippine Finance ... - PR Newswire Asia

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7 cost benefits of cloud computing – BetaNews

Both aspects of a list of cloud computing costs and benefits could be summed up with just two words: "Lots, potentially."

While hosting your application in the cloud does come with a tangible price tag, leveraging the power of the cloud can have a profound positive impact on your business. Fortunately, there are many ways in which cloud computing reduces costs. With careful planning, most companies, especially start-ups and small businesses, can scale their operations and continue building products much faster and more cost-effectively than with on premises hosting.

Cloud vendors provide you with a pre-built environment and infrastructure to work with, which eliminates much of the planning and re-inventing of the wheel that comes with setting up an on premises server. In fact, 39 percent of companies report that they fully achieved their cost savings goal through cloud adoption. Having access to pre-built infrastructure saves time (which in turn saves money in labor and operating costs) and eliminates redundancies.

Though a word of caution: If your organization is not yet fully in the cloud, youll need to make adjustments to your current network infrastructure to ensure it fits the realities of cloud computing. Take a look at this checklist for more guidance on planning your cloud migration journey.

The pay-as-you-go structure of most cloud providers means you get to pay for services you use and customize or upgrade only when and if your operations warrant it, unlike with on premises software which may come with a slew of tools you dont need but are forced to pay for as a part of your licensing agreement. As long as youre doing due diligence on your capacity planning, your cloud costs should only increase as your overall operations and subsequent revenue ramp up. This pricing structure makes cloud computing a more affordable solution for agile start-ups and small businesses.

Automatic software updates and other behind-the-scenes maintenance provided by cloud vendors eliminate most of the worries and expenses associated with downtime. When it comes to comparing cloud computing costs and benefits, the convenience of having to do minimal maintenance is definitely in the pros column. In addition, the mobile nature of the cloud makes it easier for your team to access and address issues faster if and when they do arise. This flexibility combined with included updates and maintenance can save businesses money in labor and operations.

Speaking of reduced labor costs, having a cloud vendor that takes care of the majority of back-end maintenance means can help a small business grow without hiring an entire team of IT specialists. Keeping a leaner team or contracting out some aspects of your IT support means you can spend your budget on more impactful activities such as R&D or effective marketing. Then there are the practicalities of maintaining or cooling a server room, which can mean high electricity bills. Being on the cloud not only makes these expenses go away but also allows your team to collaborate remotely, eliminating the need to pay for a lease.

Not keeping data on one server makes it harder for malicious agents to do lasting damage to your systems. If a cybercriminal finds an entry point into an on premises system, a much greater share of your network may be compromised. Data and security breaches are notoriously expensive (the average cost in 2022 was $9.44 million in the US) and have repercussions far beyond the initial incident, with reputational damage often leading to a loss of trust with clients. Hosting on the cloud when combined with common-sense security practices can indirectly save you money down the road by making your data harder for unauthorized parties to access.

As discussed earlier, downtime leads to loss of revenue. But sometimes, interruption to services is inevitable -- power outages, inclement weather, or other forces beyond your control can throw your operations for a loop. With cloud computing, data recovery is fairly instantaneous and much less costly than having to resuscitate your on premises system. Not to mention that if your physical location suffers structural damage it could lead to potentially permanent loss of data and create a thousand and one varieties of expenses and inconveniences. Cloud computing eliminates the potential for any of these costs to become a reality.

The cloud is an inherently more collaborative and flexible space, which makes it easier to share data and analytics with team members and clients. This transparency aids with quality control by giving stakeholders greater insights into updates, changes, and new projects before they go live. Theres also an added layer of security since much of the daily maintenance is autonomously run in the background by the cloud vendor and is thus less subject to human error.

Though we spent most of this article extolling the cost-benefit of using cloud services compared to hosting your own server, cloud computing is not a silver bullet for a troubled budget. Youll need to be vigilant about the services you use to make sure your pay-as-you-go plan is actually meeting your needs. Cloud computing costs and benefits also come into stark contrast in any discussion about storage. Balancing your data storage needs is a delicate process -- buy too much and youll be paying for gigabytes you dont need, but dont buy enough and youll get hit with fees. Using automated usage trackers and practicing some cloud cost optimization strategies should save you from most unexpected costs.

Photo Credit: ImageFlow/Shutterstock

Venkat Thiruvengadam is Founder and CEO of DuploCloud.

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Ethereum staking services agree to 22% limit of all validators – Cointelegraph

At least five Ethereum liquid staking providers have either imposed or are working to impose a self-limit rule in which they promise not to own more than 22% of the Ethereum staking market seen as a move to ensure the Ethereum network remains decentralized.

Among the Ethereum staking providers either already committed or are working to commit to the self-limit rule include Rocket Pool,StakeWise, Stader Labs and Diva Staking,according to Ethereum core developer Superphiz.

Puffer Finance, another liquid staking service, also announced its commitment to the self-limit.

The proposal presumably aims to address concerns of Ethereum staking becoming increasingly centralized.

As to why the self-limit was proposed at 22%, Superphiz explained that because 66% of validators need to agree on the state of Ethereum, setting the limit below 22% means at least four major entities must collude in order for the chain to reach finalization.

Finality is the point where transactions on a blockchain are considered immutable, supposedly ensuring that transactions within a block cannot be altered.

The idea was proposed by Superphiz in May 2022 when he questioned whether a staking pool would be willing to put the health of the chain before its own profits.

Interestingly, the largest Ethereum liquid staking provider, Lido Finance, voted by a 99.81% majority not to self-limit back in June.

They have expressed an intention to control the majority of validators on the beacon chain, Superphiz said in an Aug. 31 post.

Lido currently dominates the Ethereum staking market, accounting 32.4% of all staked Ether, while the next entity, Coinbase, accounts for only 8.7% of the market, according to data from Dune Analytics.

One industry pundit, Mippo, explained on Aug. 31 that the self-limit proposal has nothing to do with Ethereum alignment a principle understood to enable credible neutrality and permissionless innovation on Ethereum.

Mippo claimed those trying to push the proposal wouldnt make way if they were in Lidos position.

Related: Ethereum is about to get crushed by liquid staking tokens

Everyone is doing the economically selfish and rational thing here, Mippo concluded.

Folks in the ETH community should not shame more user-friendly solutions as greedy products, said another observer.

However, others were more wary of the potential centralization issues at hand, describing Lidos market share dominance as disgusting and selfish.

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Bitcoin, Ethereum Trading Volumes Headed for Worst Quarter Since 2019 – Decrypt

Bitcoin's spot trading volumes for the current quarter have totaled $721.10 billion, according to CoinGecko data.

If September's volumes mirror those of July and August, it will mark the lowest trading volumes for a quarter since Q1 2019. Quarterly trading volumes hovered over $2 trillion for most of the time between 2019 and 2023.

Over the previous two months, Bitcoin saw trading volumes of $345.89 billion and $354.84 billion, respectively.

If conditions remain unchanged and September's volumes hover around $350 billion, the quarterly trading volumes would come close to $1.05 trillion.

For comparison, last quarter, the total quarterly trading volumes were $1.25 trillion, marking a potential 14% decline month over month.

CoinGecko data shows that the total trading volume for Bitcoin in the first quarter of 2019 was $541.3 billion.

Bitcoin quarterly trading volumes. Source: CoinGecko.

Bitcoin quarterly trading volumes. Source: CoinGecko.

The conditions are similar for Ethereum (ETH).

In July and August, ETH recorded trading volumes of $232.06 billion and $212.92 billion, respectively.

If Ethereums September trading volumes reach approximately $220 billion, the cumulative quarterly trading volume for ETH would be just over $650 billion, a level not seen since 2019.

In Q4 2019, the total spot trading volumes for ETH amounted to $740.64 billion.

Ethereum quarterly trading volumes. Source: CoinGecko.

Ethereum quarterly trading volumes. Source: CoinGecko

According to a previous CoinGecko report, spot trading volumes for the entire crypto market on centralized crypto exchanges dropped by 43% in the second quarter of 2022.

Institutional trading firm Genesis Trading said in its last quarter report that derivatives will likely play a crucial role in the future growth of crypto volume, with spot market liquidity suffering and spot order book depth chronically flagging.

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September Is Going To Be CrazyA New Secret Binance Filing Could Be About To Rock The Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin And Solana Price -…

BitcoinBTC and cryptocurrencies have been buffeted by surprise headwinds over the last few weeks (with a leak suggesting Elon Musk could be about to cause crypto price chaos).

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The bitcoin price, now trading at almost double its late 2022 price, has swung wildly in the build-up to what could be an explosive September, dragging the price of ethereum, BNBBNB, XRPXRP, cardano, dogecoin and solana with it.

Now, the bitcoin and crypto market is on alert after the U.S. Securities and Exchange Commission (SEC) filed a secret, sealed motion in its case against Binance that includes more than 35 exhibitswith one respected crypto investigator predicting September will be "crazy."

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"Filing any court document under seal is a rare move by the SEC," John Reed Stark, the SEC's former office of internet enforcement chief, posted to X (Twitter). "The SEC is a civil (not a criminal) enforcement agency; thus, in stark contrast to criminal prosecutorial filings, SEC motions (and enforcement actions) are typically filed openly and free for everyone to read."

Earlier this year, the SEC shocked the bitcoin and crypto world when it sued first Binance, the world's largest crypto exchange, and then Coinbase, the largest U.S.-focused crypto exchange. The SEC accused Binance of violating federal securities laws by selling unregistered securities to the public through its BNB cryptocurrency and the BUSDBUSD Binance-branded, dollar-pegged stablecoin.

Stark suggested the SEC, led by chair Gary Gensler, could be either trying to avoid interfering with a criminal investigation or could be worried an unsealed motion could put a witness at risk.

"Under any circumstance, that this SEC seal-seeking filing is unusual, odd and uncommon cannot be overstated," Stark wrote. In my almost 20 years ... I cant recall ever seeking to file a motion or any other court document under seal."

Usually, the "SEC wants its messages heard loud and clear to deter future securities violations," Stark added, with the sealed motion sparking wild speculation the agency is about to drop a bombshell on the crypto market.

Reacting to the filing, investigative YouTuber Stephen Findeisen, better known as Coffeezilla, posted to X: "September is going to be crazy."

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The secret motion comes as the bitcoin and crypto market is already on tenterhooks waiting for the SEC to make an "approve," "deny," or "delay" decision on at least five spot bitcoin ETF bids in early September from asset managers that look after a combined $15.5 trillion.

Following crypto asset manager Greyscale's legal victory over the SEC this week, in which a judge called on the SEC to explain why it had blocked Greyscale from converting its Greyscale Bitcoin Trust into a fully-fledged spot bitcoin exchange-traded fund (ETF), expectations have soared that a spot bitcoin ETF approval could be imminent.

I am a journalist with significant experience covering technology, finance, economics, and business around the world. As the founding editor of Verdict.co.uk I reported on how technology is changing business, political trends, and the latest culture and lifestyle. I have covered the rise of bitcoin and cryptocurrency since 2012 and have charted its emergence as a niche technology into the greatest threat to the established financial system the world has ever seen and the most important new technology since the internet itself. I have worked and written for CityAM, the Financial Times, and the New Statesman, amongst others. Follow me on Twitter @billybambrough or email me on billyATbillybambrough.com.Disclosure: I occasionally hold some small amount of bitcoin and other cryptocurrencies.

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September Is Going To Be CrazyA New Secret Binance Filing Could Be About To Rock The Bitcoin, Ethereum, BNB, XRP, Cardano, Dogecoin And Solana Price -...

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