Heang Hun ✪’s Post

In #cloud journey, it is a landmark moment. A big #telco trusting a #BigTech cloud service for it’s #core #network ! Cloud service providers have been trying hard to woo the large enterprises to trust cloud for their core #business operations and #infrastructure. Their offerings have gradually moved up in the layer and now operating at a layer very close to the end customer of enterprises. Till date there has been an apprehension of losing control over core networks ( core banking or telco core), however successful adoption of cloud at lower layers of technology infrastructure has paved the way. Although moving towards cloud help enterprises to avoid #capex commitments, trusting another organisation for it’s core #technology functions is a big step. We will definitely see more deals of this kind, specially in #FinancialServies and #Telecommunication domain, where regulators and enterprises have gained confidence in #BigTech ‘s ability to manage their complete tech stack. #DigitalBusiness #AWS #Telefonica

Enterprises looking to expand their reach and gain entry to new markets can achieve sovereignty through cloud technology. The banking sector, in particular, has seen the importance of open source to their success. Check out this IDC infographic to learn more about key statistics and analyst considerations regarding cloud sovereignty in the banking industry. Download your copy now and stay ahead of the game! #CloudSovereignty #BankingIndustry #OpenSource #IDCinfographic #redhat #accenture https://lnkd.in/e5bA8phe

Companies globally have adopted public cloud services as a cost-effective option for hosting business applications and providing innovative customer-focused solutions. In 2027, industries will be funneling substantial investments into cloud technology, with Software and Information Services leading the charge with a staggering 24.0% compound annual growth rate (CAGR). This trend underscores a broader shift towards digital transformation across sectors. From Banking to Telecommunications, businesses are harnessing the power of the cloud to drive innovation and stay ahead in an increasingly competitive landscape. To read and examine the software market and public cloud services opportunity 👉 https://lnkd.in/eiRvm5GQ #kartaca #cloud #software

In the evolving landscape of telecoms, the allure of cloud is undeniable. However, as telcos tread the path to digital transformation, challenges such as cost and compliance emerge. Could a hybrid approach be the solution? Telcos handle vast volumes of customer data, including sensitive personally identifiable information (PII). Ensuring compliance as PII migrates to third-party cloud data centers is a paramount concern. In response, an increasing number are turning to third-party providers offering a hybrid data platform. As telcos continue their digital transformation journey, the hybrid approach emerges as a strategic solution, able to balance innovation, efficiency, and compliance. Anthony Behan, MD at Cloudera explores this trend, highlighting key considerations and the transformative power of a unified data framework. Read more in the article below. #telecommunications #CloudTransformation #HybridCloud #DigitalInnovation #cloud #telecoms

The pandemic accelerated cloud adaptation in banking. The move to the cloud provides competitive advantages, but there are certainly a lot of challenges that come with it. Data leaders need to the best practices and the pitfalls to avoid as continue to transition their data to the cloud. Help them on their journey...   At FIMA Connect December 6-8, these data leaders come seeking thought leadership on these topics from their peers and pre-scheduled 1 on 1 meetings with solution providers that can help them navigate the many challenges data and cloud transfer present.  Contact me to show data leaders how you can solve their cloud issues. #digitaltransformation #Fima #AI #datainnovation #financedataleaders #data #artificialintelligence #FIMA #FIMAConnect #events #CDO #cloud #crm #cloudmigration  

#Panzura Recognized in the #Gartner® Hype Cycle™ for Storage and Data Protection Technologies, 2023 According to the report, the following are the drivers for adopting Hybrid Cloud Storage: - “Provides data #disasterrecovery and #businesscontinuity by #snapshotting or copying datasets, both structured and #unstructured, from on-premises or edge storage to public cloud storage. - Brings data closer to cloud compute and big data infrastructure for purposes of processing or analytics. - Allows modernization of unstructured data services, as they are more applicable to hybrid cloud storage workflow. - Standardizes the underlying storage platform for any deployment scenario — edge, core data centre or public cloud infrastructure as a service (IaaS) — to provide consistent operational use of storage services.” Following Panzura’s re-founding in 2020, the company has undergone a cultural shift and brought seven new patents to market. Over the last three years, it achieved a rise in annual recurring revenue of 271% and has grown at four times the rate of its nearest competitors. It has won industry-leading awards including the Inc. 5000 list of America’s Fastest Growing Companies in 2022 and 2023, as well as Inc.’s Best Workplaces for 2022 and 2023. https://lnkd.in/dGCrG_P9

Cloud solutions are streamlining operations, enabling real-time data analytics, and fostering innovation within the financial sector. As regulatory frameworks adapt to accommodate this paradigm shift, financial institutions are capitalizing on the benefits of cloud computing to drive efficiency, reduce costs, and deliver more personalized and seamless services to their clients. A Middle Eastern consulting firm sought Benori's expertise to understand the state of Cloud Computing in the Financial Services Industry, supporting the client with a comprehensive report that provided insights on market dynamics, recent developments and guide financial institutions on moving their operations of cloud. Contact Mukti Kharga (mukti.kharga@benoriknowledge.com) (Middle East) or Madhurima Singh (madhurima.singh@benoriknowledge.com) (APAC), or write to us at info@benoriknowledge.com if you would like to learn more about Benori's solutions. #BFSI #financialservices #cloud #thoughtleadership #fintech #BenorIinsights

As of September 2023, there were a reported 5,375 data centers in the United States, the most of any country worldwide. A further 522 were located in Germany, while 517 were located in the United Kingdom.    What is a data center?   A data center is a network of computing and storage resources that enables the delivery of shared software applications and data. These centers can house large amounts of critical and important data, and therefore are vital to the daily functions of companies and consumers alike. As a result, whether it is a cloud, colocation, or managed service, data center real estate will have increasing importance worldwide.  Source: Statista.com    #datacenter #AI

AI language models can't run on domestic laptops:) Already tried the lightest version available by Meta - LLama 2 - 7B, and the results are disappointing. AI LLM need powerful data centers and machines that can process large amounts of data to compute complex algorithms. If Marx's theory claims that the price of commodity can be measured by the number of labour hours to produce that commodity, the new economic paradigm seems to be that: the price of the IT services will be heavily influenced by the number of computations made by the AI (in data centers)! The digital divide is obvious, small and poor countries can't afford to construct and maintain modern data centers. #AI #datacenter #Llama2 #digitalization #digitaldivide

In the dynamic landscape of modern finance, data quality and governance are non-negotiable. Embracing cloud technology brings innovation but also the challenge of fragmented data silos. Our whitepaper, 'Maximizing Growth in Finance: The Roadmap to Success with Unified Data Controls,' provides a clear path forward. Learn how financial institutions can break silos, optimize data assets, and stay at the forefront of the data-driven finance era. Download now to secure your competitive edge. https://buff.ly/3ScGdiO #FinServ #DataGovernance #DataControls #DataSecurity