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Huawei Cloud Hosts Virtual Summit Showcasing the Importance of Cloud Computing in Internationalization Strategies – Fintech News Malaysia

huawei cloud hosts virtual summit showcasing the importance of cloud computing in internationalization strategies – fintech news malaysia

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by Sponsored Post
June 3, 2020

Cloud has taken over the enterprise with now 90% of organizations using cloud-based services, according to Deloitte’s Tech Trends 2020 report.
Investment in the field is set to boom with the consulting firm expecting cloud investments to double as a percentage of IT budget over the next three years. Forrester, meanwhile, forecasts that revenue from public cloud infrastructure, platforms, and applications, will grow to a healthy CAGR of 21% between 2018 and 2022, reaching US$411 billion over the next two years.
Huawei, the Chinese multinational tech firm is betting big on cloud computing, a field it believes will fuel future growth.
During the firm’s annual Global Analyst Summit in May, Huawei said that it has committed to investing US$200 million in its cloud and general-purpose computing ecosystem this year to develop more opportunities for enterprises and developers.Huawei’s ongoing investment in cloud computing will deliver new tools and resources for 2 million developers around the world, the company said.
Huawei Cloud also recently launched a new offering called Huawei Cloud Stack (HCS) that’s specifically designed to provide cloud services to local data centers for government and enterprise customers. HCS provides three main capabilities: unified management, data governance, and …

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Europe’s Gaia-X cloud computing platform takes shape

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BERLIN — A proposed European cloud computing platform that seeks to break the continent’s reliance on Silicon Valley will take shape in the coming weeks when a group of 22 French and German companies set up a legal entity to run it.The entity managing the Gaia-X platform will be registered as a company under Belgian law and will function as a non-profit, according to a status update on the project seen by Reuters.Berlin and Paris are championing Gaia-X as a counterweight to the U.S. cloud computing providers – AWS, Microsoft Azure and Alphabet’s Google – that dominate the business of handling computing tasks on remote servers.The two largest economies in the European Union have cast the issue of where data is hosted and processed as a matter both of sovereignty and security. A launch for Gaia-X is targeted for early 2021.Among firms involved in developing the platform are SAP , Deutsche Telekom, Siemens and Bosch of Germany and France’s Atos, formerly headed by European Commissioner Thierry Breton.German Economy Minister Peter Altmaier and his French counterpart Bruno Le Maire will brief reporters on progress on Gaia-X on Thursday. (Reporting by Christian Kraemer Writing by Douglas Busvine Editing by …

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Cloud Computing Services Market 2020: Emerging Top Key Players like Amazon Web Services, Cisco Systems, Google, IBM, Microsoft, Netsuite, Oracle, VMWare, Yahoo

cloud computing services market 2020: emerging top key players like amazon web services, cisco systems, google, ibm, microsoft, netsuite, oracle, vmware, yahoo

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The need for a more efficient automated computing service coupled with demands for higher efficiencies in the IT-based operations is anticipated to be a major driver for the cloud computing services market. Also, an increasing number of small and medium enterprises availing the cloud services owing to the lower total cost of ownership (TCO) would further propel the cloud computing services market. Concerns around the security of the data in the cloud services still hinder the growth of the cloud computing services market. Strengthening internet infrastructures in the majority of the developing economies and a strong emphasis on the cloud-based services laid down by organizations would provide good opportunities to the players operating in the cloud computing services market.
By thinking from the customer point of view, a team of researchers, analysts and industry experts work carefully to generate this Cloud Computing Services Market research report. Top players in the market, major collaborations, merger and acquisitions along with trending innovation and business policies are also re-evaluated in this Cloud Computing Services Market research report. This report aims to examine the market with respect to general market conditions, market improvement, market scenarios, development, cost and profit of the specified market regions, …

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Microsoft Could Be a $2 Trillion Company. Analyst Sees Gains From Cloud Business.

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Photograph by Drew Angerer/Getty Images

Microsoft
stock has climbed more than 15% in 2020 as the company has avoided much impact from Covid-19. Yet
Wells Fargo
argues that the shares have more room to run—and that the tech giant’s market capitalization could grow to more than $2 trillion on the strength of its Azure cloud-computing business.
Analyst Philip Winslow reiterated an Outperform rating on Microsoft Tuesday, while boosting his target for the stock price to $250 from $205, based on the strength of the company’s cloud offerings.
The pandemic “has created a Zeitgeist moment for the cloud as a whole,” as the last holdouts with a ‘no-cloud’ strategy have finally been forced to embrace the movement, he wrote in a research note, saying he expects “Microsoft Azure to disproportionately benefit as the ‘enterprise cloud.’”
While
Amazon.com’s
(AMZN) Amazon Web Services is still the biggest cloud provider, Winslow believes that Microsoft is narrowing the gap, while pulling farther ahead of the No. 3 player,
Alphabet’s
(GOOGL) Google Cloud. While investors have already clearly recognized the potential for Microsoft and piled into the shares, “the full multi-year impact of Azure’s growth potential is still not properly reflected in consensus estimates or …

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3 Top Cloud Computing Stocks to Buy in June @themotleyfool #stocks $AMZN $OKTA $MDB

3 top cloud computing stocks to buy in june @themotleyfool #stocks $amzn $okta $mdb

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Earlier this year, Okta (NASDAQ:OKTA), a cloud identity-management company, released its annual Businesses @ Work report highlighting the trends in cloud applications across its huge customer base. These companies are continuing to adopt cloud software at a rapid pace, it said, and on average, enterprises use 88 different cloud services; 10% of them use over 200. With such a huge number of cloud-based tools being used, how can an investor pick the winners? 
It turns out that focusing on three companies that help make today’s cloud software possible — Okta, MongoDB (NASDAQ:MDB), and Amazon.com (NASDAQ:AMZN) — is a great way to play this growing trend. Let’s look at what these three bring to the table, why they have tremendous long-term potential, and how tech investors should think about becoming shareholders in these exceptional cloud computing enablers.
Okta: Securing cloud applications
As the use of cloud-based software accelerated in corporate environments, information technology organizations began to lose centralized control of their network security. To make matters worse, the trend of using remote contractors to get work done further reduced the effectiveness of a company’s data center firewall.
Okta’s identity management platform was developed for this exact situation and is helping companies …

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What are you going to do when your cloud goes down? Rethinking shared responsibility – Cloud Computing News

what are you going to do when your cloud goes down? rethinking shared responsibility – cloud computing news

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Ezat Dayeh is systems engineering manager for UK and Ireland at Cohesity.

A short history of modern business IT might report that the Noughties were all about taking baby steps in cloud applications such as Salesforce, Google Apps, Taleo, Ariba and NetSuite. The 2010s saw clouds proliferate as pioneers took a ‘cloud-first’ stance and used platforms including AWS, Microsoft Azure and Google Cloud Platform to pilot, test and run services. In the 2020s, we can be confident that businesses will attempt to harness their existing cloud investments, formalising multi-cloud and hybrid cloud strategies and clawing back control via consoles that offer visibility and manageability over increasingly disparate estates.

There are still some unmanageable areas where cloud hasn’t yet permeated but progressive companies today are asking ‘why not cloud?’ instead of ‘why cloud?’ It’s the default deployment mode for the new IT but does that dependence on a deployment model incur a risk?  The short answer is ‘yes’. Innovations to IT dependencies have traditionally incurred more risk since those steady days of the IBM mainframe, as they have typically added more silos and IT has become more distributed. In tandem to this pace of IT change has been a …

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Picking and choosing: Atos give an overview of multi-cloud storage

picking and choosing: atos give an overview of multi-cloud storage

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Pat Martlew

Patrick Martlew is a technology enthusiast and editorial guru that works the digital enterprise beat in London. After making his tech writing debut in Sydney, he has now made his way to the UK where he works to cover the very latest trends and provide top-grade expert analysis.

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IU awarded $10M NSF grant to build Jetstream 2 cloud computing system

iu awarded $10m nsf grant to build jetstream 2 cloud computing system

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The Pervasive Technology Institute at Indiana University has been awarded a $10 million grant from the National Science Foundation to deploy Jetstream 2, a distributed cloud computing system to support on-demand research, artificial intelligence and enhanced large-scale data analyses for the nation.Jetstream 2’s signature innovation is its ability to make high-performance computing and software easy to use by researchers who have limited experience with supercomputing systems. This is especially helpful for smaller academic communities with little previous access to such resources. IU is expected to receive nearly $20 million in total from the NSF to create, implement and operate Jetstream 2 over five years.”For over 20 years, Indiana University has continued to grow in our high-performance computing expertise, stature and service to the nation’s research competitiveness,” IU President Michael A. McRobbie said. “The NSF’s renewal and expansion of Jetstream will push the total NSF investment in IU-led computing systems to over $50 million in the last decade, and we are grateful to the NSF for their confidence in IU’s leadership and abilities in this vital scientific area for the United States.””Jetstream 2 builds on the tremendous success of the original Jetstream system at IU and with our partners,” said Brad Wheeler, IU vice president …

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A former director of $2.75 billion GitLab is now heading up the influential foundation that’s home to Kubernetes, the widely-used cloud computing project started at Google

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On Monday, the Cloud Native Computing Foundation announced Priyanka Sharma, formerly of GitLab, as its new general manager.CNCF is best known for housing the popular open source cloud computing project Kubernetes, which was started at Google and then given to CNCF in 2018.As general manager, Sharma’s goals include leading efforts to put on a virtual conference and supporting users who rely on CNCF’s many open source cloud projects.Visit Business Insider’s homepage for more stories.

Priyanka Sharma remembers feeling nervous about going to her first meetups for the Cloud Native Computing Foundation as a new member. But overcoming those nerves was worth it: Not only did the people there turn out to be “very welcoming,” but now, about four years later, she’s been named the organization’s top leader.CNCF, founded in 2015, is best known for housing the open source cloud computing project Kubernetes, which is widely used by to run large-scale applications. While Kubernetes first began within Google, the company gave it away to CNCF in 2018 so that the project could become more independent. The foundation’s mission is to support developers working on open source cloud projects, with resources like certifications, conferences, and more. CNCF’s previous head, Dan Kohn, …

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Cloud Computing ETF (CLOU) Hits New 52-Week High

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For investors seeking momentum, Global X Cloud Computing ETF CLOU is probably on radar. The fund just hit a 52-week high and is up 61.4% from its 52-week low price of $12.36/share.But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed:CLOU in FocusThis fund seeks to invest in companies positioned to benefit from the increased adoption of cloud computing technology, including companies whose principal business is in offering computing Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS), Infrastructure-as-a-Service (IaaS), managed server storage space and data center real estate investment trusts, and cloud and edge computing infrastructure and hardware. CLOU charges 68 bps in annual fees (see: all the Technology ETFs here).Why the Move?The cloud computing corner of the broad stock market has been an area to watch lately, given rising demand. The area is growing exponentially buoyed by stay-at-home orders that have boosted demand for work and entertainment from home. Even if the economy reopens, the trend is likely to continue given the change in consumer behavior. Cloud computing has encouraged video conferencing, gaming, e-commerce, remote project …

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