Interoute deploys Cloudian for new storage service

Interoute has announced it has rolled out a cloud-based storage service based on Cloudian’s HyperStore object storage technology.

The new service, which is part of Interoute’s Virtual Data Centre (VDC) platform, aims to provide customers with ‘fast, reliable and highly durable cloud-based storage for unstructured data, backups and archives at very low cost’, in the company’s own words. It will be available across the entire Interoute platform of 17 virtual data centre zones around the world.

The company cited GDPR concerns from customers explaining the rollout with organisations ‘revisiting the legacy world of physical backup and archiving and demanding a simple, controlled, auditable cloud service’, according to Mark Lewis, Interoute EVP products and development.

“With Cloudian, Interoute is offering its customers choice in limitlessly scalable and cost-effective storage, on a foundation that is proven in some of the world’s largest unstructured data stores,” said Jon Toor, chief marketing officer at Cloudian in a statement.

Cloudian’s mission is to provide what it calls ‘a clear vision to revolutionise object storage’ – storage which allows retaining unstructured data, such as photos, music, and collaboration services – by enabling 100% native AWS S3 object storage in users’ own data centres.

The company secured $41 million in financing in October last year, as this publication reported, adding it aimed to use the capital to help expand its sales and marketing, as well as grow international operations.

McKinsey argues how the current wave of AI is ‘poised to finally break through’

Editor’s note: Read more around artificial intelligence, deep learning and machine learning at AI News.

  • Tech giants including Baidu and Google spent between $20B to $30B on AI in 2016, with 90% of this spent on R&D and deployment, and 10% on AI acquisitions.
  • Artificial Intelligence (AI) investment has turned into a race for patents and intellectual property (IP) among the world’s leading tech companies.
  • U.S.-based companies absorbed 66% of all AI investments in 2016. China was second with 17% and growing fast.
  • By providing better search results, Netflix estimates that it is avoiding canceled subscriptions that would reduce its revenue by $1B annually.

These and other findings are from the McKinsey Global Institute Study, and discussion paper, Artificial Intelligence, The Next Digital Frontier (80 pp., PDF, free, no opt-in) published last month. McKinsey Global Institute published an article summarizing the findings titled   How Artificial Intelligence Can Deliver Real Value To Companies. McKinsey interviewed more than 3,000 senior executives on the use of AI technologies, their companies’ prospects for further deployment, and AI’s impact on markets, governments, and individuals.  McKinsey Analytics was also utilized in the development of this study and discussion paper.

Key takeaways from the study include the following:

Tech giants including Baidu and Google spent between $20B to $30B on AI in 2016, with 90% of this spent on R&D and deployment, and 10% on AI acquisitions

The current rate of AI investment is 3X the external investment growth since 2013. McKinsey found that 20% of AI-aware firms are early adopters, concentrated in the high-tech/telecom, automotive/assembly and financial services industries. The graphic below illustrates the trends the study team found during their analysis.

ssddsd

AI is turning into a race for patents and intellectual property (IP) among the world’s leading tech companies

McKinsey found that only a small percentage (up to 9%) of Venture Capital (VC), Private Equity (PE), and other external funding. Of all categories that have publically available data, M&A grew the fastest between 2013 And 2016 (85%). The report cites many examples of internal development including Amazon’s investments in robotics and speech recognition, and Salesforce on virtual agents and machine learning. BMW, Tesla, and Toyota lead auto manufacturers in their investments in robotics and machine learning for use in driverless cars. Toyota is planning to invest $1B in establishing a new research institute devoted to AI for robotics and driverless vehicles.

asdagg

McKinsey estimates that total annual external investment in AI was between $8B to $12B in 2016, with machine learning attracting nearly 60% of that investment

Robotics and speech recognition are two of the most popular investment areas. Investors are most favoring machine learning startups due to quickness code-based start-ups have at scaling up to include new features fast. Software-based machine learning startups are preferred over their more cost-intensive machine-based robotics counterparts that often don’t have their software counterparts do. As a result of these factors and more, Corporate M&A is soaring in this area with the Compound Annual Growth Rate (CAGR) reaching approximately 80% from 20-13 to 2016. The following graphic illustrates the distribution of external investments by category from the study.

hjgugikug

High tech, telecom, and financial services are the leading early adopters of machine learning and AI

These industries are known for their willingness to invest in new technologies to gain competitive and internal process efficiencies. Many start-ups have also had their start by concentrating on the digital challenges of this industries as well. The\ MGI Digitization Index is a GDP-weighted average of Europe and the United States. See Appendix B of the study for a full list of metrics and explanation of methodology. McKinsey also created an overall AI index shown in the first column below that compares key performance indicators (KPIs) across assets, usage, and labor where AI could contribute. The following is a heat map showing the relative level of AI adoption by industry and key area of asset, usage, and labor category.

ashasdsahd

McKinsey predicts High Tech, Communications, and Financial Services will be the leading industries to adopt AI in the next three years

The competition for patents and intellectual property (IP) in these three industries is accelerating. Devices, products and services available now and on the roadmaps of leading tech companies will over time reveal the level of innovative activity going on in their R&D labs today. In financial services, for example, there are clear benefits from improved accuracy and speed in AI-optimized fraud-detection systems, forecast to be a $3B market in 2020. The following graphic provides an overview of sectors or industries leading in AI addition today and who intend to grow their investments the most in the next three years.

hhhhi

Healthcare, financial services, and professional services are seeing the greatest increase in their profit margins as a result of AI adoption

McKinsey found that companies who benefit from senior management support for AI initiatives have invested in infrastructure to support its scale and have clear business goals achieve 3 to 15% percentage point higher profit margin. Of the over 3,000 business leaders who were interviewed as part of the survey, the majority expect margins to increase by up to 5% points in the next year.

njhikhi8yhu

Amazon has achieved impressive results from its $775 million acquisition of Kiva, a robotics company that automates picking and packing according to the McKinsey study

“Click to ship” cycle time, which ranged from 60 to 75 minutes with humans, fell to 15 minutes with Kiva, while inventory capacity increased by 50%. Operating costs fell an estimated 20%, giving a return of close to 40% on the original investment.

Netflix has also achieved impressive results from the algorithm it uses to personalize recommendations to its 100 million subscribers worldwide

Netflix found that customers, on average, give up 90 seconds after searching for a movie. By improving search results, Netflix projects that they have avoided canceled subscriptions that would reduce its revenue by $1B annually.

Gartner changes EFSS Magic Quadrant to content collaboration with Box and Microsoft leading

Box and Microsoft lead the way on vision and execution in Gartner’s recently released Magic Quadrant for content collaboration platforms – but it doesn’t quite tell the full story.

If you are unfamiliar with the name of the report, there is a good reason. The Quadrant was previously known as EFSS (enterprise file sync and share), with the analyst firm changing the definitions this year to reflect a shift in the market.

As Box puts it, content collaboration platforms ‘go beyond EFSS to also facilitate team collaboration and content workflows’; a point backed up by Tom Grave, SVP marketing at CTERA Networks, who found a place as a niche player in the report. Grave said that as ‘content’ lined up with ‘file’, and ‘collaboration’ lined up with ‘sharing’, it still gave an accurate view of the market but with room to expand.

“It certainly makes sense for us,” he told CloudTech. “I think that file sharing is an accurate term, and content collaboration can be a little more specific and also more specifically aligned with what you’re trying to do. [Employees are] not just sharing files for the sake of sharing them, they’re collaborating.

“Increasingly, organisations are distributed – we’ve got mobile workers all over the globe, systems for collaborating with their peers,” he added. “We definitely support the name and it makes sense – it’s a term that resonates.”

Of the 13 vendors who made the cut, seven made the top right leaders zone; Axway – essentially Syncplicity, which was bought by Axway in February – Box, Citrix, Dropbox, Egnyte, Google, and Microsoft.

Saying that it was a leader in all content markets, Box said it agreed with Gartner’s analysis ‘that the realities of business and technology today are forcing a change in the way organisations think about content.’ “With higher than ever customer expectations and increasing pressure on IT to deliver, content, collaboration and security need to be central to overall IT and business strategy,” Joely Urton, VP outbound marketing at Box, wrote in a company blog post.

Dropbox pointed to its most recent product releases, including the introduction of Dropbox Paper, a teamwork and collaboration tool, and Smart Sync, as an indication of both its success and the changing shape of the market. “By connecting the creation, feedback, organisation, and distribution steps that happen across different tools today, Dropbox is reducing the frustration and miscommunication that can slow teams down,” wrote Rob Baesman, senior director of product management.

As is frequently the case with these reports however – and as Gartner always insists – the top right axis is not the be all and end all. For certain workloads and organisations, each member of the Quadrant has its own strengths.

Similar to Egnyte, CTERA, who last made the report in 2015, narrows its focus on the enterprise market. The company offers two primary products; CTERA Drive, the app, and, crucially, CTERA Gateway, a physical appliance which enables share drives, but is also connected back to the cloud. Gartner says the company is ‘a good fit for organisations with highly distributed users and offices, and priorities on data privacy or data sovereignty.’

As a result, Grave prefers to use the term ‘focus’ instead of ‘niche’.  “That’s the key,” he said. “Any two-person shop can go to Dropbox, or Box, or Google with a credit card and start using their service automatically, and that’s just not our position in the market. We’re not trying to be universal for any individual or very small customer.”

CTERA – who also launched its 6.0 iteration last week – says it hangs its hat on security as well as ‘cloud choice’, or ‘infrastructure choice’ – and this differentiation gives customers who have a particular focus on security options compared with software as a service (SaaS) vendors. “Depending on the profile of the customer, the more important [security] is, and especially when it’s not just broad security, but some of the specifics within security and privacy that different customers care differently to us, they align themselves to us,” said Grave.

“Wherever data sovereignty is involved, where IT has to very specifically know the location of all the data and being able for IT to access it themselves, and giving IT not only the ability to encrypt end to end, but always control encryption keys so there’s no third party they’re delegating or deferring to for managing encryption – those two factors are critical for a certain class of customer, and that would eliminate a lot of software as a service vendors who run in the top right,” Grave added.

You can read a copy of the report from CTERA’s page here (registration required).

The Rules of #DigitalTransformation for Start-Ups | @ThingsExpo #BigData #AI #DX #IoT #SmartCities

I have had the opportunity to work for and around a good many start-ups during the course of my career. Often the start-up founders would simply define a problem, develop a solution and launch a company. The marketing department would then do their very best to identify the individuals in each target company that experienced the problem and had a budget to fix it. This was always a challenging task, that has become even harder today.

read more

[slides] How Do You Eat a Whale? | @DevOpsSummit @Skytap #CloudNative #DevOps #Serverless

In his session at @DevOpsSummit at 20th Cloud Expo, Kelly Looney, director of DevOps consulting for Skytap, showed how an incremental approach to introducing containers into complex, distributed applications results in modernization with less risk and more reward. He also shared the story of how Skytap used Docker to get out of the business of managing infrastructure, and into the business of delivering innovation and business value. Attendees learned how up-front planning allows for a clean separation between infrastructure, platform, and service concerns.

read more

Is Your Company Ready for the General Data Protection Regulation? | @CloudExpo #Cloud #Security #Analytics

Remember the Y2K bug, the computer coding flaw that was predicted to cause global havoc when the two-digit dates embedded in software rolled over from 1999 to 2000? After organizations around the world spent a year checking and upgrading their systems to deal with the issue, few major problems ended up occurring.
The world is now on the brink of what could be called the Y2K bug of data privacy – the European Union’s General Data Protection Regulation (GDPR), tough rules that require companies to be more transparent about the information they collect on individuals and how it is used.

read more

Brain Change and #DigitalTransformation | @ThingsExpo #IoT #API #AI #DX #SmartCities

The renowned military strategist John Boyd taught that people and institutions collect favorite philosophies, strategies, theories and ideologies over a period of time, and then try to align the future to fit them. The problem with this is the future is rarely like the past, and trying to fit new data into old paradigms often forces us to perform irrational mental gymnastics, which leaves us farther from the truth.

read more

[slides] Enterprise #DevOps Journey | @DevOpsSummit @Amdocs #AI #DX #Microservices

When you focus on a journey from up-close, you look at your own technical and cultural history and how you changed it for the benefit of the customer. This was our starting point: too many integration issues, 13 SWP days and very long cycles. It was evident that in this fast-paced industry we could no longer afford this reality. We needed something that would take us beyond reducing the development lifecycles, CI and Agile methodologies. We made a fundamental difference, even changed our culture.

read more

NextGen Buys EagleDream Health

NextGen Healthcare Information Systems, a part of Quality Systems, has paid $26 million to buy EagleDream Health. This deal is likely to close by the end of this month.

NextGen is a company that specializes in providing the foundation for any organization that wants to promote healthy living and way of life among different communities. Headquartered in Horsham Pennsylvania, this company’s products are geared towards user management of healthcare records, Electronic Healthcare Record (EHR) and Electronic Practice Management (EPM).

Some of its products include:

  • Ambulatory EHR
  • Inpatient Clinicals
  • Health Quality Measure
  • Patient Portal
  • EDI Services
  • Data Protection
  • Revenue Cycle Management

To boost these products, NextGen has accquired EagleDream Health, as the latter focuses on cloud-based analytics for the healthcare industry. In a big way, the products of both these companies are complementary, so it makes sense for them to come under the same unit.

In fact, EagleDream Health takes clinical, financial and administrative data and comes up with an optimal practice performance that enhances productivity and performance of client organizations. It’s intuitive and user-friendly platform converts data from disparate sources into actionable information that can help an organization to understand its current position. Such deep insights can help with decision-making and add value to an organization.

This deal is expected to give a big boost for NextGen because the entire healthcare  industry is moving away from a fee-based model to a value-based one, so any service that provides more value will be able to surge ahead of competition. And that’s exactly what NextGen is aiming to do with this acquisition.

This company has clear vision and objectives and it is moving well in the right direction. Earlier this year, it acquired another company called Entrada to increase the value offerings it can provide to its clients. This acquisition of EagleDream Health is another important milestone on this direction.

From EagleDream Health’s perspective too, this deal is a good one because it gets access to a wider customer base and possibly even a greater revenue. Since both these companies operate in the same sphere, it makes sense to align the products of all these companies together.

Such acquisitions reflect the changing landscape of the healthcare industry and in some ways the tech industry too, as value is taking center stage over other aspects.

For the healthcare industry, this is a good move because it has the potential to reduce the per-capita cost of healthcare and also improve the overall work-life balance for all employees in the healthcare industry including clinicians.

The post NextGen Buys EagleDream Health appeared first on Cloud News Daily.

Meet the Parallels Desktop Support Team!

The well-established customer support team at Parallels provides a marvelous service to our users globally. Excellent customer service means going beyond what’s expected to delight every customer. Meet the Amazing Parallels Desktop® for Mac Support Team: Since the beginning of 2017, Parallels support team has achieved many milestones when it comes to finding a solution […]

The post Meet the Parallels Desktop Support Team! appeared first on Parallels Blog.