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Monthly Archives: January 2020
Middle East Cloud Applications Market Worth $4.5 Billion by 2024 – Exclusive Report by MarketsandMarkets – Yahoo Finance
Posted: January 18, 2020 at 11:29 am
CHICAGO, Jan. 17, 2020 /PRNewswire/ -- According to a new research report"Middle East Cloud Applications Marketby Application (ERP, CRM, HCM, SCM, and Business Intelligence and Analytics), Organization Size, Vertical (BFSI, Manufacturing, and Telecommunications), and Country - Forecast to 2024", published by MarketsandMarkets, the Middle East Cloud Applications Market is expected to grow from USD 2.0 billion in 2019 to USD 4.5 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 17.5% during the forecast period.
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The growing demand for cloud-based services and advanced technologies, increasing need to engage with customers, and deliver an enriched experience continuously are some of the major factors driving the growth of the Middle East Cloud Applications Market.
Browsein-depth TOC on"Middle East Cloud Applications Market"
38 Tables
28 Figures
110 Pages
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https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=262938413
Among applications, cloud-based CRM applications to grow at a higher rate during the forecast period
Cloud Customer Relationship Management (CRM) enables enterprises to store and utilize customer data at scale to offer better services and manage relationships with customers. Cloud-based CRM is gaining popularity among enterprises due to various benefits it offers, such as easy accessibility, affordability (especially for Small and Medium-sized Enterprises [SMEs]), rapid implementation, easy upgradation, scalability, and integration capability with other data sources. Cloud-based CRM applications centralize the customer database and provide a comprehensive view of all interactions with customers, offer instant access to real-time insights of sales opportunities, and automate task management processes. With ease of use and affordability, it increases customer retention rates making business more successful. Salesforce, Zoho, Oracle, Microsoft, and Oracle are some leading vendors offering cloud CRM.
The retail and consumer goods vertical is one of the fastest-growing verticals in the region
Factors driving the adoption of cloud applications are the rising purchasing power of customers and the need to satisfy customer expectations, which leads to existing customer retention and new customer acquisition. Online retailing and cloud technologies have significantly disrupted the retail and consumer goods vertical leading to the adoption of cloud computing mainly for storage, backup, and security services. Cloud computing services enable retailers to access customer data with just 1 click from any store located anywhere, thus leading to better customer service delivery. For instance, Hallmark Cards is a retail shop with a number of stores worldwide and is known for selling greeting cards and other products. This store is leveraging the private cloud to store its data and manage all operations, such as conducting real-time inventory tracking, enabling employees to focus on delivering enhanced customers experience, and business critical activities.
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Saudi Arabia to have the largest market size during the forecast period
Saudi Arabia is accelerating the adoption of Information Technology (IT) services in recent years. The country's regulatory body, Communications and Information Technology Commission (CITC) has regulated Cloud Computing in Saudi Arabia by publishing the Cloud Computing Regulatory Framework (CCRF) on its website. The CCRF aims to provide clarity and certainty on the rights and obligations of Cloud Service Providers (CSPs) and users of cloud services. This shows the interest of the government to accelerate the adoption of cloud-based services in this country. The key factors driving the adoption of the cloud technology in this country include reduced costs, improved infrastructure efficiency, and enhanced scalability.
Story continues
Market Players:
Major vendors offering Middle East Cloud Applications Market across the globe includes SAP (Germany), Oracle (US), Microsoft (US), Infor (US), Salesforce (US), Sage Group (UK), IBM (US), Epicor (US), 3I Infotech (India), Ramco Systems (India), Prolitus Technologies (India), IFS (Sweden), and QAD (US).
Browse Adjacent Markets: Cloud Computing Market Research Reports & Consulting
About MarketsandMarkets
MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact: Mr. Shelly Singh MarketsandMarkets INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 Email: sales@marketsandmarkets.comVisit Our Website: https://www.marketsandmarkets.comResearch Insights:https://www.marketsandmarkets.com/ResearchInsight/middle-east-cloud-application-market.aspContent Source: https://www.marketsandmarkets.com/PressReleases/middle-east-cloud-application.asp
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LinkedIn: Blockchain beats AI and cloud computing for hottest skill in 2020 – The Next Web
Posted: at 11:29 am
Bitcoin isnt exactlyen voguein 2020, but its underlying technology (blockchain) is apparently still cool.
At least, thats according to employment service LinkedIn, which listed blockchain as techs most sought after hard skill this year.
A LinkedIn blog published last week notes that blockchain is the most in-demand skill in the United States, the United Kingdom, Australia, France, and Germany more popular than cloud computing, artificial intelligence, and UX design.
Blockchain has emerged from the once shadowy world of cryptocurrency to become a business solution in search of problems, said LinkedIn. Which means that you dont have to be in financial services to be seeking new hires who have background and expertise in putting blockchain to use.
The Microsoft-owned company then urged recruiters to start familiarizing themselves with how blockchain works and what its perceived benefits are.
[] Companies seem to be saying that the potential [of blockchain] is worth the gamble, LinkedIn continued. Blockchain has become a line of business for a whos who of the corporate world IBM, Oracle, JPMorgan Chase, Microsoft (LinkedIns parent company), Amazon, and American Express, to name just a few.
LinkedIn explains that there are two different kinds of skills: hard and soft.
Hard skills are those that pertain to an employees aptitude for executing specific tasks, mostly technical abilities and specialized knowledge. For software developers, proficiency in the C++ programming language would be a hard skill.
Soft skills relate to the way in which those employees perform those tasks. How one behaves, how they think, and their cognitive skills are all examples of soft skills.
While soft skills are difficult to measure, and perhaps harder to learn, LinkedIn did offer some advice to those looking to break into blockchain this year: learn the programming language used to write Ethereum smart contracts, Solidity.
In November last year, Hard Fork reported that job vacancy site Indeed had noted decreasing candidate interest in blockchain-related roles, but that employer demand in the industry had skyrocketed.
So, while it might be relatively difficult to make money from investing in or trading cryptocurrency this year, working with its underlying tech still seems mightylucrative for now.
[H/T Bitcoin News]
Published January 13, 2020 12:24 UTC
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LinkedIn: Blockchain beats AI and cloud computing for hottest skill in 2020 - The Next Web
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Majority of workloads will go to cloud in 2020 – TechHQ
Posted: at 11:29 am
If we needed evidence of cloud computings success, that AWS revenue has risen from US$300 million in 2009 to become a US$32 billion business today, is fairly substantial.
What began as a movement to provide companies with easier and more cost-effective access to IT infrastructure has become the most important computing development in history, opens a new report by AllCloud which cements the trajectory of what is, simply, access to computers on the internet.
According to the Cloud Infrastructure Report, featuring responses from more than 150 IT decision-makers at organizations where at least 300 employees were using cloud infrastructure, 85 percent of organizations expect to shift the majority of their workloads cloudwards by the end of the year, while just shy of a quarter (24 percent) plan to be cloud-only.
At present, around seven in 10 already run at least half of their workloads on the cloud.
The firm said the findings supported its own client feedback: that firms are now comfortable and familiar with the technology, and are ready to explore further benefits and new ways to use it.
What was once a simple implementation or a single workload migration to the cloud has now transformed into a complete infrastructure, platform and application modernization, AllCloud said on the findings.
The continued and aggressive move to the cloud will come hand-in-hand with a further move towards new technologies, such as containers and microservices. More than 56 percent of respondents said at least half of all their cloud workloads are using these technologies.
The adoption of containerized workloads adds efficiency, consistency, and ease of management to cloud strategies. In particular, AllCloud has seen an increase in the number of clients that are planning to implement Kubernetes.
Given AllClouds focus on supporting AWS, the report was centered on the use of this particular service and its extensive network of managed service providers (MSPs).
These are providing 43 percent of organizations with outside support for more than half of their workloads. Database MSPs, in particular, have seen the biggest leap, simplifying the process of migration. There is also a growing understanding that organizing and managing data is a necessary foundational service and strategy, allowing businesses to set the stage for analysis and broader cloud goals.
More than a fifth of respondents (21 percent) said theyd be looking to enlist database MSPs in the coming year, while the limitless use cases of IoT for business are proving attractive for 17 percent.
However, nearly two-thirds (65 percent) of respondents in the study claimed their company used a hybrid cloud approach: This reinforces the flexibility of the AWS platform, which easily works with other infrastructure and technology solutions, the report noted.
These hybrid collaborations are sometimes short-term, while others come down to necessity.
Owed to AWS partnership with VMware, almost three-quarters of enterprise private cloud workloads are using its virtualization services which underlines the need for continued integration between the two platforms, AllCloud said.
The existing partnership is likely to grow stronger and broader, with more accessibility released between the technologies. This will allow a faster rate of enterprise adoption for organizations that want to leverage the benefits of the cloud.
Interestingly, despite the expense of cloud computing services being a commonly-cited concern, cost (14 percent) ranked just fourth as the main deciding factor when it comes to deciding on a cloud platform of choice.
Security (28 percent) was ranked first priority, while reliability (26 percent) and flexibility (22 percent) were also top considerations.
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Global IT compensation is at an all-time high, thanks to skills trainings – TechRepublic
Posted: at 11:29 am
IT professionals earned an average of $5,000 more in 2019, all because of job performance, Global Knowledge found.
The average annual salary for IT professionals worldwide is $89,732the highest yet found by Global Knowledge's yearly report. The report is the largest worldwide study of professionals in the tech community and has been conducted every year for more than a decade.
IT professionals earned an average of $5,000 more in 2019 than in 2018, with the main reason being improved job performance, the report found.
This increase in both salaries and performance quality indicates that more people are taking steps to progress their professional development, resulting in better performance and more compensation, according to the report.
SEE: Why IT pros need soft skills to advance their careers (free PDF) (TechRepublic)
Global Knowledge's 2019 IT Skills and Salary Survey used the Qualtrics Insight platform to tabulate submissions. The survey was sent out via email to recipients in the Global Knowledge database and yielded 12,271 responses, with more than half (54%) from the US and Canada, and the rest from other countries around the world.
Globally, the highest salaries in various functional areas included cloud computing ($115,889), IT architecture and design ($98,580), project management ($98,344), and cybersecurity ($97,322). The report also broke down salaries by region.
SEE: How to become a cybersecurity pro: A cheat sheet (free PDF) (TechRepublic)
North America
North American IT professionals earned $109,985 on average, which is 23% more than the worldwide average mentioned previously. These professionals also saw a 6% raise in salary in 2019 and 50% received bonuses, according to the report.
US IT professionals, in particular, earned higher average salaries than those in any other region at $113,639, which is largely due to geography. While salaries along the coasts were the highest, those locations are also where the cost of living is the most expensive, the report found.
In Canada, the average annual salary is $74,048, with the highest paying IT professionals living in Quebec and making around $77,897.
The highest paying job function areas in North America included executives ($148,034), cloud computing ($138,320), and IT architecture and design ($126,095), according to the report.
Latin America
In Latin America, IT professionals earned an average of $41,465. IT decision makers in this region make significantly more than their staff--a 44% difference. IT decision makers also saw the highest raise percentage out of all regions at 9%, while their IT staff only saw a 5% increase, the report found.
The functional areas with the highest salaries were executives ($68,253), cloud computing ($50,480), and project and program management ($48,478), according to the report.
Europe, the Middle East and Africa (EMEA)
The average salary for IT professionals in EMEA was $70,445, with IT staff seeing a 6% raise and IT decision makers seeing a 5% raise, which was in line with the worldwide average raise percentages, the report found.
Within Europe, Switzerland dominated the salaries with an average of $136,301. Norway had the second highest at $97,525, followed by Germany at $95,456, according to the report.
The highest paying function areas in EMEA were executives ($101,523), cloud computing ($99,290), and IT architecture and design ($83,606), the report found.
Asia-Pacific
IT professionals in the Asia-Pacific area made on average $65,738 per year. Similar to Latin America, the ratio between the salaries of IT decision-makers and IT staff is significant, at 38% difference.
However, the raise percentages for IT decision makers and IT staff are the same, at 5%, the report found.
The highest paying function areas for the Asia-Pacific region were executives ($108,794), cloud computing ($84,764), and program and project management ($74,608), according to the report.
A commonality across all regions was that every area received some percentage of a raise. As previously stated, salaries were higher in this edition of the report than any other. This survey aimed to discover the reason behind the shift.
Respondents said that the top factors that increased salary included their current job performance (42%), a standard company increase (39%), a promotion within the company (15%), and a cost of living increase (15%).
A particularly interesting reason behind a pay raise was the development of new skills (9%), the report found. Those same individuals who said they developed new skills of added value reportedly earned nearly $12,000 more than last year, indicating reskilling and upskilling training sessions pay off, according to the report.
Learning and development is often overlookedor not prioritized in companies, which is harmful to both employees and companies. The majority of employees (94%) say they would stay longer at an organization if they were offered opportunities to learn and grow, LinkedIn's 2019 Workforce Learning report found.
Upskilling and reskilling employees is particularly crucial in the era of digital transformation; as technology is constantly changing and evolving, employees need to do the same.
Rather than firing and rehiring workers with every technological shift, companies should instead allocate resources toward intellectual growth and skills. And Growth Knowledge's report is evidence that the skills training does its job.
For more, check out Impressive professional development benefits from Amazon, Google, Microsoft, and more on TechRepublic.
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Global IT compensation is at an all-time high, thanks to skills trainings - TechRepublic
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Cloud Computing in Education Sector Market 2019 Global Trends, Business Opportunities and Future Scenario Dagoretti News – Dagoretti News
Posted: at 11:29 am
Magnifier Researchhas released a new research study titledCloud Computing in Education SectorMarketassesses the size of the market by evaluating the market in the constrained time period. The report evaluates the major key players revenue, their business summary, product segmentation along with the latest developments in the market. Their competitive landscape has been analyzed on the basis of product profile, introductions, SWOT analysis, and contact information. The application segment defines the uses of the product. The market analysis from 2014-2019 and forecast analysis from 2019-2024 is conducted with the base year as 2019.
Download Free Sample Report @https://www.magnifierresearch.com/report-detail/9018/request-sample
The report is based on comprehensive research done specifically on consumer goods that are bifurcated depending on their use and type. On the basis of application, this report focuses on the status and outlook for major applications/end users, consumption (sales),Cloud Computing in Education Sectormarket share and growth rate for each application. Various dynamics affecting the market including key driving factors, restraints, and threats are further covered in the report. The market dynamics such as drivers, restraints, and opportunities have been presented together with their corresponding impact analysis.
Each player/manufacturer revenue figures, growth rate, and gross profit margin are provided. Leading industry players included in the report are:Amazon Web Services, Microsoft Azure, IBM, Aliyun, Google Cloud Platform, Salesforce, Rackspace, SAP, Oracle, Dell EMC, Adobe Systems, Verizon Cloud, NetApp, Baidu Yun, Tencent Cloud, Blackboard,
The data concerning the market players featured in this report helps the eminent and upcoming players to measure the investment scope within the sectors and sub-sectors of the market.
Geographically themarket report is divided into some major key regions, with sales data, revenue data (Million $$ USD), share data and growth rate of the industry for mentioned regions. ThisCloud Computing in Education Sectormarket report offers examination and growth of the market in these districts covering North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Furthermore, the report covers segment data, including type segment, industry segment, channel segment, etc. different segment market size, both volume, and value. Also, different industries clients information, which is very important for the manufacturers, has also been included in the report.Cloud Computing in Education Sectormarket landscape, current market trends and shifting applications technologies added in this report will be helpful for the businesses that are competing in this market.
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The report can be customized as per client requirements. For further queries, you can contact us on[emailprotected]or+1-201-465-4211. Our executives will be pleased to understand your requirements and offer you the best-suited reports.
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MongoDB: Riding The Data Wave – Seeking Alpha
Posted: at 11:29 am
MongoDB (MDB) is a database software company which is benefiting from the growth in unstructured data and leading the growth in non-relational databases. Despite MongoDB's recent rise in share price, its current valuation is modest given its strong position in a large and attractive market.
There has been an explosion in the growth of data in recent years with this growth being dominated by unstructured data. Unstructured data is currently growing at a rate of 26.8% annually compared to structured data which is growing at rate of 19.6% annually.
Figure 1: Growth in Data
(source: m-files)
Unstructured data refers to any data which despite possibly having internal structure is not structured via pre-defined data models or schema. Unstructured data includes formats like audio, video and social media postings and is often stored in non-relational database like NoSQL. Structured data is suitable for storage in a traditional database (rows and columns) and is normally stored in relational databases.
Mature analytics tools exist for structured data, but analytics tools for mining unstructured data are nascent. Improved data analytics tools for unstructured data will help to increase the value of this data and encourage companies to ensure they are collecting and storing as much of it as possible. Unstructured data analytics tools are designed to analyze information that doesn't have a pre-defined model and include tools like natural language processing.
Table 1: Structured Data Versus Unstructured Data
(source: Adapted by author from igneous)
Unstructured data is typically stored in NoSQL databases which can take a variety of forms, including:
Unstructured data can also be stored in multimodel databases which incorporate multiple database structures in the one package.
Figure 2: Multimodel Database
(source: Created by author)
Some of the potential advantages of NoSQL databases include:
Common use-cases for NoSQL databases include web-scale, IoT, mobile applications, DevOps, social networking, shopping carts and recommendation engines.
Relational databases have historically dominated the database market, but they were not built to handle the volume, variety and velocity of data being generated today nor were they built to take advantage of the commodity storage and processing power available today. Common applications of relational databases include ERP, CRM and ecommerce. Relational databases are tabular, highly dependent on pre-defined data definitions and usually scale vertically (a single server has to host the entire database to ensure acceptable performance). As a result, relational databases can be expensive, difficult to scale and have a relatively small number of failure points. The solution to support rapidly growing applications is to scale horizontally, by adding servers instead of concentrating more capacity in a single server. Organizations are now turning to scale-out architectures using open software technologies, commodity servers and cloud computing instead of large monolithic servers and storage infrastructure.
Figure 3: Data Structure and Database Type
(source: Created by author)
According to IDC, the worldwide database software market, which it refers to as structured data management software, was $44.6 billion in 2016 and is expected to grow to $61.3 billion in 2020, representing an 8% compound annual growth rate. Despite the rapid growth in unstructured data and the increasing importance of non-relational databases, IDC forecasts that relational databases will still account for 80% of the total operational database market in 2022.
Database management systems (DBMS) cloud services were 23.3% of the DBMS market in 2018, excluding DBMS licenses hosted in the cloud. In 2017 cloud DBMS accounted for 68% of the DBMS market growth with Amazon Web Services (AMZN) and Microsoft (MSFT) accounting for 75% of the growth.
MongoDB provides document databases using open source software and is one of the leading providers of NoSQL databases to address the requirements of unstructured data. MongoDB's software was downloaded 30 million times between 2009 and 2017 with 10 million downloads in 2017 and is frequently used for mobile apps, content management, real-time analytics and applications involving the Internet of Things, but can be a good choice for any application where there is no clear schema definition.
Figure 4: MongoDB downloads
(source: MongoDB)
MongoDB has a number of offerings, including:
Figure 5: MongoDB Platform
(source: MongoDB)
Functionality of the software includes:
MongoDB's platform offers high performance, horizontal scalability, flexible data schema and reliability through advanced security features and fault-tolerance. These features are helping to attract users of relational databases with approximately 30% of MongoDB's new business in 2017 resulting from the migration of applications from relational databases.
MongoDB generates revenue through term licenses and hosted as-a-service solutions. Most contracts are 1 year in length invoiced upfront with revenue recognized ratably over the term of the contract although a growing number of customers are entering multiyear subscriptions. Revenue from hosted as-a-service solutions is primarily generated on a usage basis and is billed either in arrears or paid up front. Services revenue is comprised of consulting and training services which generally result in losses and are primarily used to drive customer retention and expansion.
MongoDB's open source business model has allowed the company to scale rapidly and they now have over 16,800 customers, including half of the Global Fortune 100 in 2017. Their open source business model uses the community version as a pipeline for potential future subscribers and relies on customers converting to a paid model once they require premium support and tools.
Figure 6: Prominent MongoDB Customers
(source: Created by author using data from MongoDB)
MongoDB's growth is driven largely by its ability to expand revenue from existing customers. This is shown by the expansion of Annual Recurring Revenue (ARR) overtime, where ARR is defined as the subscription revenue contractually expected from customers over the following 12 months assuming no increases or reductions in their subscriptions. ARR excludes MongoDB Atlas, professional services and other self-service products. The fiscal year 2013 cohort increased their initial ARR from $5.3 million to $22.1 million in fiscal year 2017, representing a multiple of 4.1x.
Figure 7: MongoDB Cohort ARR
(source: MongoDB)
Although MongoDB continues to incur significant operating losses the contribution margin of new customers quickly becomes positive, indicating that as MongoDB's growth rate slows the company will become profitable. Contribution margin is defined as the ARR of subscription commitments from the customer cohort at the end of a period less the associated cost of subscription revenue and estimated allocated sales and marketing expense.
Figure 8: MongoDB 2015 Cohort Contribution Margin
(source: MongoDB)
MongoDB continues to achieve rapid revenue growth driven by an increasing number of customers and increased revenue per customer. Revenue growth has shown little sign of decline which is not surprising given the size of MongoDB's market opportunity. Revenue per customer is modest and MongoDB still has significant potential to expand the number of Global Fortune 100 customers.
Figure 9: MongoDB Revenue
(source: Created by author using data from MongoDB)
Figure 10: MongoDB Customer Numbers
(source: Created by author using data from MongoDB)
MongoDB's revenue growth has been higher than other listed database vendors since 2017 as a result of their expanding customer base and growing revenue per customer. The rise of cloud computing and non-relational databases has a large impact on relational database vendors with DBMS growth now dominated by cloud computing vendors and non-relational database vendors.
Figure 11: Database Vendor Revenue
(source: Created by author using data from company reports)
MongoDB's revenue growth is relatively high for its size when compared to other database vendors, but is likely to begin to decline in coming years.
Figure 12: Database Vendor Revenue Growth
(source: Created by author using data from company reports)
MongoDB's revenue is dominated by subscription revenue and this percentage has been increasing over time. This relatively stable source of income holds MongoDB in good stead for the future, particularly if customers can be converted to longer-term contracts.
Figure 13: MongoDB Subscription Revenue
(source: Created by author using data from MongoDB)
MongoDB generates reasonable gross profit margins for an enterprise software company from its subscription services, although these have begun to decline in recent periods. Likely as the result of the introduction of the entry level Atlas offering in 2016 and possibly also as a result of increasing competition.
Figure 14: MongoDB Gross Profit Margin
(source: Created by author using data from MongoDB)
MongoDB has exhibited a large amount of operating leverage in the past and is now approaching positive operating profitability. This is largely the result of declining sales and marketing and research and development costs relative to revenue. This trend is likely to continue as MongoDB expands, particularly as growth begins to decline and the burden of attracting new customers eases.
Figure 15: MongoDB Operating Profit Margin
(source: Created by author using data from MongoDB)
Figure 16: MongoDB Operating Expenses
(source: Created by author using data from MongoDB)
Although MongoDB's operating profitability is still negative it is in line with other database vendors and should become positive within the next few years. This is supported by the positive contribution margin of MongoDB's customers after their first year.
Figure 17: Database Vendor Operating Profit Margins
(source: Created by author using data from company reports)
MongoDB is yet to achieve consistently positive free cash flows, although appears to be on track as the business scales. This should be expected based on the high margin nature of the business and the low capital requirements. Current negative free cash flow is largely a result of expenditures in support of future growth in the form of sales and marketing and research and development.
Figure 18: MongoDB Free Cash Flow
(source: Created by author using data from MongoDB)
Competitors in the database vendor market can be broken into incumbents, cloud platforms and challengers. Incumbents are the current dominant players in the market, like Oracle (ORCL), who offer relational databases. Cloud platforms are cloud computing vendors like Amazon and Microsoft that also offer database software and services. Challengers are pure play database vendors who offer a range of non-relational database software and services.
Table 2: Database Vendors
(source: Created by author)
Incumbents
Incumbents offer proven technology with large set of features which may be important for mission critical transactional applications. This gives incumbents a strong position, particularly as relational databases are expected to continue to retain the lion's share of the database market in coming years. Incumbent players that lack a strong infrastructure-as-a-service platform though are poorly positioned to capture new applications and likely to be losers in the long run. This trend is evidenced by Teradata's (TDC) struggles since the advent of cloud computing and non-relational databases.
Cloud Platforms
Cloud service providers are able to offer a suite of SaaS solutions in addition to cloud computing, creating a compelling value proposition for customers. In exchange for reducing the number of vendors required and gaining access to applications designed to run together, database customers run the risk of being locked into a cloud vendor and paying significantly more for services which could potentially be inferior.
Challengers
Dedicated database vendors can offer best in breed technology, low costs and multi-cloud portability which helps to prevent cloud vendor lock-in.
The DBMS is typically broken into operational and analytical markets. The operational DBMS market refers to databases that are tied to a live application whereas the analytical market refers to the processing and analyzing of data imported from various sources.
Figure 19: Database Market Competitive Landscape
(source: Created by author)
Gartner assesses MongoDB as a challenger in the operational database systems market due primarily to a lack of completeness of vision. The leaders are generally large companies which offer a broader range of database types in addition to cloud computing services. MongoDB's ability to succeed against these companies will be dependent on them being able to offer best in class services and/or lower cost services.
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XenTegra and CloudJumper Partnering to Innovate With Cloud – AiThority
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Microsoft Azure Windows Virtual Desktop Will Be a Primary Focus
XenTegra,an expert provider of integrated digital workspaces and managed services andCloudJumper, experts in cloud computing, and virtualization, are partnering to simplify and innovate cloud solutions. XenTegra is a leader in Microsoft Windows Virtual Desktop deployments and service offerings, and CloudJumper simplifies Microsoft Windows Virtual Desktop (WVD), easing deployments and allowing partners to create unique service offerings and solution stacks. Together, XenTegra and CloudJumper will enable customers to get to Microsoft WVD faster!
XenTegra is excited about this partnership. Microsoft WVD is gaining much traction, but is very complex to set up, configure, and manage, saidPete Downing, CMTO at XenTegra. With CloudJumper, we can help customers get to WVD faster, gaining quicker time-to-value which leads to wider deployments and better cloud administrator experiences. XenTegra offers a managed service around Microsoft, Citrix, and private cloud and CloudJumper is an integral piece.
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We are extremely excited to be partnering with XenTegra to simplify deploying and managing Windows Virtual Desktop for customers, said JD Helms, president, CloudJumper. End User Computing and delighting customers is in their DNA and has made XenTegra one of the top partners in the Digital Workspace industry. WVD is changing the game for desktop virtualization; the CloudJumper/XenTegra partnership will help customers realize the benefits of this new platform faster and more cost-effectively.
WVD is a sophisticated collection of Azure services. CloudJumper simply funnels the hundreds of WVD setup options into a few key questions and then orchestrates and deploys a customized environment. With CloudJumper, the customer is just minutes away from deploying thousands of new WVD VMs something that is not available in a native Azure user interface (UI).
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TheCloudJumper Cloud Workspace Management Suite (CWMS)is a simple software platform for managing all technology layers of an RDS/WaaS/VDI deployment. The solution is designed to quickly provision and manage cloud workspace solutions using existing infrastructure, hypervisors and other technology investments. CWMS aggregates all the layers of the cloud workspace stack, whether Azure, Google, AWS or private cloud, and delivers a centralized location to oversee, manage and control every aspect of the entire cloud workspace deployment.
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These are the most in-demand job skills in 2020, according to LinkedIn – CNBC
Posted: at 11:29 am
Blockchain has topped the list of skills bosses are looking for in employees around the world this year, according to professional social media platform LinkedIn.
The record-keeping technology first emerged in 2009 with the birth of cryptocurrency but has since moved on from supporting the use of the likes of Bitcoin.
The ability to store, validate, authorize, and move data across the internet with blockchain means it is now being used to securely store and send any digital asset. The technology also stores a permanent and non-editable record of data entry.
Blockchain was the top priority for employers hiring in the U.S., U.K., France, Germany and Australia, LinkedIn found. Yet it was both first time blockchain made it onto LinkedIn's rankings of in-demand skills and came in first place.
Namrata Murlidhar, marketing director at LinkedIn, said blockchain had emerged from the "once shadowy world" of cryptocurrency to become a "transformative business solution."
Industries outside the financial services sector were increasingly seeking talent with experience in blockchain, she added, including retail, shipping, healthcare, farming and gaming.
LinkedIn measured demand by looking at the profiles of its users, to determine the frequency that people with different skillsets were getting hired.
Cloud computing came in second place, which is the technology allowing data to be stored and managed on the internet. People working in this area would be developing the architecture, design and delivery of cloud systems.
In third place was analytical reasoning - the ability to make sense of data and uncover insights that can help business decisions.
Artificial intelligence (AI), which is the technology developing machine-learning, was the fourth most in-demand area of "hard" skills for employers.
Rounding out the top five was UX design, the focus on users' experience of products, particularly technology.
LinkedIn also ranked "soft" skills the interpersonal qualities employers want most in their staff. The list looked very similar to the 2019 rankings, with creativity holding onto the top spot.
However, emotional intelligence also made an appearance in this year's top five. This is the ability to perceive, evaluate and respond to both your own emotions and those of others.
LinkedIn said this emphasized the "importance of how we respond to and interact with colleagues."
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5 Companies That Had A Rough Week – CRN: Technology news for channel partners and solution providers
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The Week Ending Jan. 17
Topping this week's roundup of those having a rough week is Microsoft, which continues to face opposition to the award of the massive Pentagon JEDI cloud computing contract.
Also making the list are the Albany Airport for a ransomware attack (and payment of a five-figure ransom), Zscaler for having to pony up millions to settle a patent lawsuit, and employees at both CyrusOne and Mozilla for facing layoffs.
Not everyone in the IT industry was having a rough go of it this week. For a rundown of companies that made smart decisions, executed savvy strategic moves or just had good luck check out this week's Five Companies That Came To Win roundup.
Microsoft Facing Increased Legal Opposition From AWS In JEDI Award
Microsoft might have to wait a bit before it can get started on that $10 billion JEDI cloud computing contract for the Pentagon.
Amazon Web Services this week said it will seek a court ruling to prevent any substantive work orders from being issued under the JEDI contract while AWS appeals the U.S. Department of Defenses decision in October to award the contract to rival Microsoft.
AWS intends to file a motion with the U.S. Court of Federal Claims seeking a temporary restraining order and/or a preliminary injunction on Jan. 24 to prevent the issuance of substantive task orders under the contract while pursuing its appeal. The Pentagon had earlier signaled its intention to begin issuing the orders on Feb. 11.
AWS has argued that the contract was awarded under a flawed selection process tainted by alleged politically motivated interference from the White House and President Donald Trump.
Albany Airport Hit With Malware Attack, Pays Five-Figure Ransom
The Albany Airport and Schenectady-based MSP LogicalNet were dealing this week with the aftermath of a ransomware attack during the holidays that resulted in the airport paying a five-figure ransom to regain access to its data.
A server in LogicalNets management services network was compromised early Christmas morning with the Sodinokibi Ransomware. From there the virus spread to the MSPs clients, including the Albany County Airport Authoritys servers and backup servers.
The ransomware encrypted administrative files such as budget spreadsheets, but the attack did not affect operations at Albany International Airport which the authority oversees or at any airlines or the Transportation Security Administration (TSA).
The airport authority paid a ransom of under six figures in Bitcoin on Dec. 30 to unlock its data. While other LogicalNet clients were reported to have been hit by the ransomware and locked out of their systems, most were able to recover using backup systems. (While the airport authority had a backup system, it reportedly shared a drive with the main system, making both vulnerable to the attack. The age and configuration of the IT equipment was also a factor.)
The authority is seeking to recover from LogicalNet the $25,000 deductible it had to pay on its insurance policy.
Zscaler To Pay $15 Million To Settle Symantec Patent Lawsuits
Web and network security tech developer Zscaler has agreed to cough up $15 million to settle patent infringement lawsuits brought against the company by Symantec, charging Zscaler with violating a number of Symantec patents.
Symantec filed a lawsuit in December 2016, shortly after it acquired Blue Coat Systems, charging Zscaler with infringing seven Symantec patents in areas such as web security, data loss prevention, threat prevention, access control and antivirus. A second lawsuit in 2017 alleged an additional seven patent infringements in web security, security scanning, data loss prevention, intrusion prevention and intrusion signature analysis.
Late last year Broadcom bought the Symantec Enterprise Security business. This week, to settle the litigation, Broadcom agreed to provide Zscaler with a patent license, release and covenant not to sue in exchange for the $15 million payment.
The settlement is equal to just under 5 percent of Zscalers $303 million annual sales in its most recent fiscal year. Zscaler chairman and CEO Jay Chaudhry said that while the company was confident of its position in the case, the settlement was in the best long-term interest of the company and its stockholders.
CyrusOne Lays Off 12% Of Workforce As Data Center Demands Softens
It was a tough week for data center service provider CyrusOne and dozens of its now-former employees who were laid off as the company faces a slowdown in demand from its largest hyperscale customers.
This week Dallas-based CyrusOne said it was cutting its workforce by 12 percent 55 employees as demand for data center services from hyperscale vendors such as Amazon, Apple, Google, Facebook and Microsoft appears to have softened. Those companies are collectively spending billions every quarter to build and equip new data centers around the world.
CyrusOne said the layoffs would result in annual savings of $10 million. The companys stock dropped 6 percent Tuesday following news of the cutbacks.
New Product Delays, Reduced Revenue Forecasts Lead To Layoffs At Mozilla
It was also a rough week for employees at Mozilla, which laid off about 70 employees on Wednesday when a slower-than-expected rollout of new products expected to generate more revenue in 2019 and 2020 just hasnt happened.
Mozilla, developer of the popular web browser, generates most of its revenue through search partnerships. The company has been working on a number of new subscription products, including the Firefox Private Network and a device-level VPN service, according to a TechCrunch story.
Mozilla chairwoman and interim CEO Mitchell Baker, in a memo obtained by TechCrunch, said the slow rollout of those products, combined with less-than-expected revenue from non-search products, led to the layoffs.
You may recall that we expected to be earning revenue in 2019 and 2020 from new subscription products as well as higher revenue from sources outside of search. This did not happen, Baker said in the memo. Our 2019 plan underestimated how long it would take to build and ship new, revenue-generating products. Given that, and all we learned in 2019 about the pace of innovation, we decided to take a more conservative approach to projecting our revenue for 2020. We also agreed to a principle of living within our means, of not spending more than we earn for the foreseeable future.
The number of layoffs could increase slightly as Mozilla is still working to determine how many layoffs to make in the U.K. and France in compliance with employment laws in those countries.
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High-Performance Computing Software Market Competitive Insights and Precise Outlook 2019-2024 Dagoretti News – Dagoretti News
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High-Performance Computing Software markethas been thoroughly scrutinized and then carefully demarcated by geographic locations which are based on major economic regions and their topographical regions. Growing competition and the changing market dynamics has been highlighted. Aggressive market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. The Market share and Market size prominent players for 2019 to 2024 are profiled in this report.
The High-Performance Computing Software market is highly competitive and consists of a number of major players. Top Companies likeAmazon Web Services Inc., ANSYS, Inc., Dassault Systemes, Dell EMC, Google Inc., Hewlett Packard Enterprise Development LP, IBM Corporation, Intel Corporation, Microsoft Corporation, and Oracle Corporation among others.
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High-performance computing (HPC) software includes various software suits based upon their applications such as operating system, software for coding and development, system management, and virtualization. Some other All these software can be deployed in the on-premise environment as well as on a hosted cloud platform.
Cloud Based High-Performance Computing Software is Driving the Growth
Enterprises across regions are deciding to rent HPC applications via the cloud to solve complex mathematical modeling problems, as they see benefits beyond costs. As a result, the cloud high-performance computing (HPC) has seen an uptick in the past few years. Cloud HPC providers are gaining significant returns, by maintaining competitive costs, rapid innovation, and portfolio expansions. For instance, Microsoft acquired Cycle Computing, a US-based company that provides software for orchestrating computing and storage resources in cloud environments, to upgrade its FPGA-accelerated Azure cloud. Microsofts long-term strategy appears to move toward an FPGA approach. According to the report of Eurostat (European Commission), European enterprises have shown a growth of 8%-10% for cloud adoption over the period 2014 2018. Major European countries who were spotted up in the list are Finland, Sweden, Denmark, Netherlands, and the UK.
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Asia-Pacific is the Fastest Growing Region
The regions strong manufacturing industry and investments in technologies driving HPC, such as IoT and AI, are likely to make it a lucrative market for cloud HPC vendors. Vendors have made significant investments to cater to Asia-Pacifics robust manufacturing sector, which increasingly relies on simulation and cloud computing to lower production costs, and improve operational effectiveness, in order to maintain their competitiveness in the global market. Specifically, China, Japan, South Korea, India, and Australia are creating huge potential for HPC software in the coming years. The Chinese government has declared to invest USD 47 billion in its semiconductor industry to cut out non-indigenous devices in the process of manufacturing and design, which will eventually create potential space for high-performance computing technology in the country for the forecast period. In 2018, Japan has upgraded one of its meteorology center with high-performance computing technology with an investment of USD 36 million and has a plan to invest more USD 54 million over the next five years.
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Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Key Market Features:The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
Analytical Tools:High-Performance Computing Software Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porters five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
The research includes historic data from 2014 to 2019 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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