Network management has never been easy, and the proliferation of IoT devices, the shift to remote work, and the migration of applications to multi-cloud environments have added new levels of complexity to enterprise networks.
IT execs are dealing with network management tool sprawl and employee skills gaps. They are also struggling to gain visibility across increasingly distributed networks, including SaaS instances that are not under their direct control.
Even the terminology is evolving. Terms like network monitoring or network management are being replaced with buzzwords like network observability or unified observability, according to a latest report from Enterprise Management Associates (EMA.)
Whatever wording is used to describe modern network management, there is agreement on what such a platform should include. On the basic networking level, the system needs to have the capability to ingest data from logs, traces, events and other metrics in order to troubleshoot problems, prevent outages from occurring in the future, and optimize network performance through automation.
Moving up the stack, management platforms should also provide application performance management (APM), and insight into the customer/user experience, known as digital experience management (DEM). Observability platforms are also extending into DevOps (NetDevOps), they share data with security teams for incident response and vulnerability management, and they leverage artificial intelligence (AIOps).
A single platform that does it all probably doesn’t exist. But we’ve identified 10 leading vendors that are working hard to get there. This subjective list is weighted heavily in favor of vendors with broad platforms, rather than point products, and with vendors that have demonstrated an intention to aggressively expand their portfolio of capabilities rather than stand pat in a particular niche.
Why they’re here: From its purchase of network management vendor Tivoli Systems in 1996 to its acquisition of APM innovator Instana in 2020, IBM has maintained its position as a power player in the management of networks, mainframe/server infrastructure, applications, and cloud-based assets. As one might expect from IBM, there are a raft of product lines: Legacy Tivoli systems have been re-branded and updated, products have been added through acquisition (SevOne for network performance management, QRadar for network security management). And IBM has developed new offerings internally, such as IBM Cloud Pak for Watson AIOps.
Power moves: Bought Turbonomic, an application resource management (ARM) and network performance management (NPM) software provider.
By the numbers: $1.5 billion: Exact numbers weren’t released, but it was reported that IBM paid between $1.5 billion and $2 billion for Turbonomic.
Outlook: IBM wants to provide customers with AI-based automation that spans AIOps, application performance and IT resource observability built on its Red Hat OpenShift cloud platform and delivered either as a product or managed service. The challenge will be merging the Turbonomic and Instana acquisitions into a seamless, hybrid-cloud management architecture that extends from data center mainframes to cloud-based containers.
Why they’re here: When you’re the market leader in routers, switches, firewalls, wireless access points and SD-WAN devices, and the technology trend is to decouple hardware from an overlay management plane, it’s only natural that you would dive headlong into management. Under the DNA Center umbrella, Cisco offers automated network operations, AIOps, DevOps, SecOps and customer experience monitoring. Cisco is also attempting to achieve full-stack observability through acquisition.
Power moves: Bought ThousandEyes for agent-based network performance optimization and AppDynamics for APM.
By the numbers: $1 billion. Amount that Cisco paid for ThousandEyes.
Outlook: Cisco has so much going on that sometimes it’s hard to keep track of it all. Cisco is committed to software-defined networking, intent-based networking, and now it’s pushing something called predictive networking. There’s a management offering for IoT, another for wireless. Gartner cautions, “Cisco’s ‘Full Stack Observability’ vision promises a unified experience for monitoring across AppDynamics, ThousandEyes and Intersight (a cloud operations platform). However, the products currently remain only loosely integrated, lacking a common installation, user experience or data platform.” For Cisco, the challenge is to continue to drive intelligence and automation throughout its vast product portfolio and to make sure its offerings are integrated across on-prem and cloud environments.
Why they’re here: Founded in 1980 to provide management software for IBM mainframes, the BMC of today is a privately held company focused on helping enterprises manage and automate complex IT operations across hybrid cloud environments. Forrester Research says the BMC Helix platform offers IT service management (ITSM), IT operations management (ITOM), enterprise service management (ESM), self-service portals for users, AI chatbots, and intelligent and predictive automation. It also integrates with multi-cloud environments “for powerful business automations while enabling IT and DevOps to work seamlessly instead of in silos.” And, of course, it supports self-managing mainframes through its Automated Mainframe Intelligence product line.
Power moves: Bought StreamWeaver to bolster its observability, AIOps and cloud migration capabilities.
By the numbers: BMC works with 86% of the Forbes Global 50.
Outlook: BMC bills itself as the company that can help its customers become "autonomous digital enterprises." Its management software spans the mainframe to Docker containers in the cloud. BMC Helix ServiceOps brings service and operations management together to protect against outages, identify performance issues, perform root cause analysis, and personalize the employee and customer experience. IDC analyst Stephen Elliot says ServiceOps is the wave of the future because it breaks down silos, so that "cross-departmental teams can deliver highly effective, incident-free services across their cloud technologies."
Why they’re here: If Broadcom can successfully integrate the management tools acquired in the purchases of CA Technologies in 2018 (network and infrastructure monitoring and AIOps) and AppNeta in 2021 (SaaS-based network performance monitoring and digital experience management) with its impending VMware acquisition, Broadcom could become a multi-cloud management powerhouse.
Power moves: Bought virtualization pioneer VMware.
By the numbers: $61 billion: The amount Broadcom agreed to pay for VMware.
Outlook: Broadcom’s plan, once the VMware acquisition officially closes in late 2023, will be to shift its current portfolio of software assets into a VMware branded division. Addressing customer concerns about Broadcom’s intentions, president and CEO Hock Tan said recently, “VMware develops technology for the future and addresses a growing market. The Broadcom business case for this transaction is premised on focusing on increasing R&D, and executing so that customers see the value of the full portfolio of innovative product offerings — not on increasing prices.” For its part, VMware has a broad portfolio of software tools that span Tanzu for cloud-native application development, NSX for managing virtualized workloads, and a new cloud-native management service named Aria. So, for Broadcom the vision is there. It will all come down to execution.
Why they’re here: A perennial leader in Gartner’s rankings of SIEM vendors, Splunk has leveraged its ability to aggregate and analyze large amounts of data to become an observability platform power player. GigaOm says, “Splunk is a full-stack, multi-cloud, integrated enterprise solution that brings together infrastructure monitoring, application performance monitoring, digital experience monitoring, real user monitoring, synthetics, log investigation, AIOps, and incident response.”
Power moves: Splunk has been on a buying spree. Over the past couple of years, it has filled out its observability platform with the acquisitions of SignalFx, Omnition, Plumbr, Rigor, Flowmill and TwinWave Security. (It should also be noted that there have been persistent rumors that Cisco is trying to buy Splunk. However, that potential power move has yet to materialize.)
By the numbers: $1.05 billion: Amount Splunk paid for SignalFx.
Outlook: After several quarters of sputtering growth, Splunk brought in a new CEO in April 2022: Gary Steele, former CEO of Proofpoint. The move seems to have jumpstarted the company, because Splunk reported revenues of $799 million in its fiscal second quarter of 2023, a 32% year-over-year increase. Pund-IT analyst Charles King is bullish on Steele. “Not only has he founded and led successful startup companies, but Steele also has a substantial history of delivering the financial and leadership goods as a C-level executive. In other words, he’s likely to understand and value Splunk’s culture while also providing the business acumen the company needs to evolve and move into new markets.”
Why they’re here: When your brand is associated with one of the worst cyberattacks in history, that’s a lot to overcome. But SolarWinds was open and transparent during and after the infamous 2020 hack, and it appears to have weathered the storm. Revenues have stabilized, and the company is shipping new products and offering new cloud-based services to its massive installed base. SolarWinds was recognized as a leader by analyst firm GigaOm in its 2022 evaluation of network observability and cloud observability solutions.
Power moves: Launched a cloud-native, IT-management service called Observability that is also available for hybrid-cloud environments. Powered by machine learning, the service provides an integrated view of network, infrastructure, application, and database systems.
By the numbers: $179 million: Prior to the news of the hack coming out in late 2020, SolarWinds had consistent quarterly revenues in the $250 million range. After the hack, revenues levelled off closer to $180 million. Q3 2022 revenues were $179 million, down 1% from Q3 2021.
Outlook: SolarWinds had some issues to resolve even before the hack. Its products were somewhat siloed, and the focus was primarily on-prem rather than the cloud. But the company seems to have recognized its weaknesses and has taken concrete steps in the right direction. “We’re laying the foundation for autonomous operations through both monitoring and observability solutions,” said SolarWinds chief product officer Rohini Kasturi. “With our Hybrid Cloud Observability and SolarWinds Observability offerings, customers have ultimate flexibility to deploy on a private cloud, public cloud, or as a service.” Observability is an important step forward for SolarWinds, according to Gartner analyst Gregg Siegfried. “Bottom line is that they’ve been bleeding share as people move into the cloud,” adds Siegfried. The new Observability service “provides a migration path” for customers who need to extend their IT management capabilities to the cloud, he adds.
Why they’re here: One of the new breed of cloud-native observability vendors, Dynatrace offers infrastructure monitoring, APM, application security, digital experience management (DEM), business analytics and cloud automation on a platform powered by its Davis AI engine. Research firm ISG named Dynatrace a leader in cloud-native observability and cloud-native security. And Gartner puts Dynatrace in the leadership category for APM.
By the numbers: 30%: Dynatrace reported second quarter fiscal 2023 revenue of $279 million, up 30%.
Power moves: Launched a new data analytics feature called Grail that promises unified observability, security, and business data analysis.
Outlook: Dynatrace says it exists “to make the world’s software work perfectly.” While perfection might not be achievable, Dynatrace is getting Good Marks for its cloud-native, AI-powered approach. Mark Purdy, principal analyst at ISG, says, “Quite simply, Dynatrace does it all in terms of observability and is particularly powerful with containerized applications. World-class AI and automation capabilities make the Dynatrace platform a clear leader.” Gartner adds, “Dynatrace’s roadmap includes extending the analytics capabilities of its Davis AI engine to new data sources, including expanded OpenTelemetry analytics, and further expanding its presence in cloud provider marketplaces, such as AWS, Microsoft Azure and Google Cloud Platform (GCP).”
Why they’re here: Datadog started out as a monitoring and security service for cloud applications and has been methodically filling out its portfolio to become a platform targeting enterprises launching digital transformation initiatives and migrating apps to the cloud. Datadog offers infrastructure monitoring, APM, device monitoring, cloud workload monitoring, and database monitoring. Gartner ranks Datadog as a leader in its latest evaluation of Application Performance Monitoring and Observability.
Fleet-focused sessions will cover zero-emission infrastructure, billions in funding, upcoming regulations, and a range of sustainable transportation issues
Attendees at ACT Expo 2022
SANTA MONICA, Calif., Dec. 09, 2022 (GLOBE NEWSWIRE) -- Organizers of the Advanced Clean Transportation (ACT) Expo today announced the 2023 agenda of sessions and workshops. Now in its 12th year, ACT Expo is the largest annual meeting place for fleet executives focused on achieving both economic and environmental sustainability. More than 8,500 attendees are anticipated as the event moves to the Anaheim Convention Center in Southern California from May 1-4, 2023, with Daimler Truck North America, Penske Transportation Solutions, and Shell returning as the event’s presenting sponsors.
The four-day conference will feature more than 150 expert speakers, leading executives, C-suite keynote addresses, innovative panel discussions, and a variety of focused workshops to provide fleet operators real-world insights into the major trends, emerging funding opportunities, and innovative technologies transforming the commercial transportation sector. Building and scaling zero and near-zero emission fueling and charging infrastructure, preparing for multiple upcoming state and federal regulations, and developing effective strategies to identify and secure new sources of clean transportation project funding will be a few of the core areas of focus. View the full agenda here.
ACT Expo 2023 sessions will include a focus on:
Simplifying Electrification: A significant amount of content will focus on the challenges of and opportunities for developing EV charging infrastructure to support zero-emission commercial fleet deployments. Innovative approaches to providing charging capabilities when power service is limited will also be highlighted, including the use of temporary power solutions, phased capacity, and distributed energy strategies.
Grant Funding and Incentives: With tens of billions of dollars in local, state, and federal funding available to support the growth of the clean fleet market in the next five years, funding workshops will showcase best practices for tracking, identifying, and applying for the right programs to support successful project development. Stacking multiple funding sources, leveraging tax and carbon credits, and identifying other innovative financing strategies will also be highlighted throughout the program.
Hydrogen’s Increasing Role in the Clean Transportation Sector: Fleet operators will share real-world case studies in hydrogen fuel cell electric vehicle deployments in drayage, long-haul freight, and transit applications. Experts will provide guidance on the growing hydrogen fuel cell electric vehicle market and on fueling station development, fuel sources and costs, and a range of other critical infrastructure issues.
Battery Technology Breakthroughs: These technological advancements promise to be one of the most important elements to reducing the cost and improving the performance of battery-electric vehicles and trucks. The annual Battery Workshop at ACT Expo will provide a landscape view of current and future battery technologies, and identify promising solutions to reduce weight and cost, optimize charge time, Boost power density and range, and provide better thermal management capabilities. Understanding the timing for ongoing technology innovations, and the implications of vehicle-to-grid applications on battery cycle life and OEM warranties will also be a focus.
Sustainability Planning for Fleets: Corporate sustainability, net-zero, and ESG are the buzz words du jour. ACT Expo will provide an overview of these evolving issues and showcase how fleets can create a realistic strategy to reduce carbon emissions from their operations. Case studies will present how carriers are leveraging low- and zero-emission technology investments to meet the increasing carbon reduction goals of the shippers they haul for, and attendees will learn how an effective carbon reduction strategy improves customer and employee retention and acquisition, and can be synchronized with available grant funding, incentives, and increasing regulatory requirements.
Staying Ahead of Regulations: Never has there been a time where so many local, state, and federal regulations were being simultaneously developed to require commercial fleets to invest in zero and near-zero emission technologies and fuels. Keeping track of the status of these regulations is one thing, coming up with an effective compliance plan is another. ACT Expo will provide a summary overview of these multiple regulations, including key timelines and compliance requirements. Case studies will present strategies to stay ahead of the regulatory curve, leverage grants and incentive funding to assist with advanced compliance, and how to develop cost-effective compliance strategies.
Emission Reductions from Next Generation Engines, Fuels and Technologies: Fleets will share their experiences using low carbon renewable fuels and lower-emission combustion technologies to achieve sustainability goals. Updates on low NOx engine regulations and OEM strategies will be provided, together with presentations on innovative new engine technologies and strategies shaping the future of combustion-based low-emission transportation.
Autonomous and Connected Vehicle Technologies: Latest developments in these state-of-the art commercial vehicle technologies will be presented to help fleets evaluate the value proposition, lessons learned, timelines, and new efficiencies enabled by connected and autonomous technologies to help fleets Boost economics, performance, safety, and sustainability.
“Infrastructure development is at the top of the list of challenges fleets face as they embark on zero-emission projects,” said Erik Neandross, CEO at Gladstein, Neandross & Associates (GNA), the nation’s leading clean transportation and energy consulting firm and the producer of ACT Expo. “ACT Expo 2023 will provide comprehensive coverage on this topic, in addition to the billions of dollars of incentive funding becoming available, increased regulatory and ESG-related pressures to decarbonize, and of course, the expo hall will offer the world’s greatest collection of advanced vehicle technologies, low carbon fuels, and innovative solution providers.”
ACT Expo’s expansive show floor will cover 330,000 square feet of exhibit hall space at the Anaheim Convention Center and will feature more than 275 sponsors and exhibitors and 185 advanced clean vehicles and technologies. Attendees will gain hands-on access to the wide range of vehicles spanning all weight classes, applications, and advanced technologies and fuel types, including battery-electric, hydrogen fuel cell, propane, and natural gas vehicles, along with autonomous and connected technologies and renewable fuels. ACT Expo provides fleet managers with an unmatched opportunity to connect with solution providers for the entire clean transportation ecosystem and learn best practices to deploy those technologies successfully and cost-effectively.
Attendees can take advantage of value registration rates and save more than 40% off a full conference pass if registering by February 24, 2023. For more information, visit www.actexpo.com.
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About the Advanced Clean Transportation (ACT) Expo
ACT Expo is North America’s largest conference and expo showcasing solutions that drive economic and environmental fleet sustainability. Annually, ACT Expo combines the best educational content in the industry with a massive exhibit hall showcasing the most innovative technologies on the market today. In its 12th year, ACT Expo will take place May 1 to 4, 2023, at the Anaheim Convention Center in Southern California and is expected to assemble more than 8,500 attendees from across the advanced vehicle and alternative fuels industries. The annual event is produced by Gladstein, Neandross & Associates (GNA), the leading North American consulting firm specializing in market development for low- and zero-emission transportation technologies, infrastructure, and ultra-low carbon fuels for commercial transportation. Learn more at www.actexpo.com and www.gladstein.org.
Attachment
CONTACT: Lawren Markle Advanced Clean Transportation (ACT) Expo 424-224-5364 lawren.markle@gladstein.org
It's tough in the current economic climate to hire and retain engineers focused on system admin, DevOps and network architecture. In a latest Gartner survey, IT executives cited talent shortages as the top barrier to adopting emerging technologies. Unfortunately for execs, at the same time recruiting is posing a major challenge, IT infrastructure is becoming more costly to maintain. Business monitoring company Anodot reports that nearly half of corporations are finding it difficult to get cloud costs alone under control.
Aiming to overcome some of the blockers to success in IT, Lucas Roh co-founded MetalSoft, a startup that provides "bare metal" automation software for managing on-premises data centers and multi-vendor equipment. MetalSoft allows companies to automate the orchestration of hardware, including switches, servers and storage, making them available to users that can be consumed on-demand.
MetalSoft spun out from Hostway, a cloud hosting provider headquartered in Chicago. Hostway developed software to power cloud service provider hardware, which went into production in 2014. In 2019, the software spun out as a separate company -- MetalSoft -- with the goal of broadening its capabilities to service additional service providers and enterprises.
"We provide a turnkey solution to service providers to offer ... cloud services," Roh told TechCrunch in an email interview. "We're differentiated from others in that we automate and manage the full stack [of infrastructure], including switches, servers, storage and networking as well as cloud enablement."
So how does that solve the talent shortage and cost overruns in tech? Well, Roh -- who previously helped to launched cloud provider Bigstep and the aforementioned Hostway -- asserts that MetalSoft's software can eliminate many of the problems associated with hardware silos, reducing the complexity of managing them to the point where non-technical consumers can build their own infrastructure. By allowing customers to pull workloads back from the cloud and run them in-house if they so wish, MetalSoft can bring down IT costs while offering a higher level of control, including security posture, Roh argues.
For instance, MetalSoft can automatically deploy and configure operating systems and firmware upgrades while discovering running hardware on a network. It also can auto-configure storage volumes and storage-related system network settings, generating a visual blueprint that captures a company's infrastructure, including servers, storage and networking.
Roh says that MetalSoft's targeting both enterprises that have their own equipment (for example, in a data center or co-location facility) as well as cloud service providers that want to offer "bare metal as a service" or "private cloud as a service" products to their customers (think a provider deploying infrastructure to a client's on-premises server room). It's early days -- MetalSoft landed its first customers last year, and the company isn't talking revenue or operating cash flow at the moment -- but Roh claims that MetalSoft's solution is beginning to gain traction in the marketplace.
"We have some major enterprise customers with hundreds of thousands of devices that we are not revealing but include a major telco and major data center and cloud service providers, and have a strong partnership with major OEM," Roh said. "In the past couple of years, we’ve especially focused on adding many enterprise features and support for more hardware vendors."
While MetalSoft competes with heavyweights like Cisco and OpenStack, it's likely to benefit from the latest uptick in investment in on-premises infrastructure. During the past year, 30% of organizations moved workloads or data from the public cloud back to a private cloud or on-premises or colocation facility, according to a report from the Uptime Institute. Their primary reasons were cost, regulatory compliance, performance issues and perceived concerns over security, the report said.
"We help reduce the cost of IT and we have become even more important in a more stringent spending environment ... Our software can help reduce the technical labor requirements while significantly reducing cost while delivering the full functionality to their end-users." Roh said. "After the spinout [from Hostway], we continue improving our product, especially in terms of the enterprise features that customers need."
MetalSoft, which has around 40 employees, has raised $17 million in venture capital to date; $16 million came from its Series A that closed this week, led by DNS Capital. Roh says that the proceeds will be put toward growing MetalSoft's sales and marketing functions and product development.
"We have done quite a bit of work on AI and machine learning that’s not yet part of our software stack," Roh added. "We are currently working to incorporate AI and machine learning to intelligently manage and monitor bare metal hardware. We’ll be excited to introduce that product the second half of next year."
Tabitha Lieberman serves as President, EHR and Healthcare Applications at Brightwork Health IT.
getty
French writer Jean-Baptiste Alphonse Karr famously wrote: "Plus ça change, plus c'est la même chose."
Translation: The more things change, the more they stay the same. In healthcare IT, that's never been more true than right now. Outsourcing services have been somewhat frowned upon in healthcare IT. From maintaining servers and software to application configuration, providing tech support and more, outsourcing has countless applications. While many organizations don't publicly promote outsourcing, it's a big business; iHealthcareAnalyst estimates the global market will reach $64 billion by 2027.
Like so many things, technology trends tend to repeat themselves. After 30 years in the industry, I can safely say I've seen my share of game changers and flops reemerge. IT outsourcing is one that has straddled both lines, but it doesn't necessarily fall into the "yea" or "nay" bucket. Instead, outsourcing reappears at somewhat regular intervals—picking up steam, sparking debate and gaining in relevance (just like it is now)—and with good reason.
With 53% of hospitals expecting to lose money this year, outsourcing IT can feel like a quick-hit solution, with promises of double-digit cost savings for many organizations. It can also be a potential resource-saver, often needed for tried and understaffed teams. When IT leaders outsource, they don't have to worry about the time and costs associated with hiring and training in-house staff. They can also free themselves from the seemingly endless cycles of maintaining and updating software and equipment. When executives aren't spending all of their time dealing with IT issues, they can spend it on long-term strategy, patient outcomes and employee engagement.
Outsourcing can also give IT executives access to expertise that they might not have in-house. The healthcare industry has unique requirements, and different types of businesses operate in the sector. Tapping a company that specializes in these often-niche IT services can ensure more tailored solutions that are delivered efficiently and effectively. This can be game-changing for IT leaders that need help with complex projects or ongoing support for more immersive systems.
Outsourcing work to industry experts can also help healthcare executives ensure that their infrastructure and information meet regulatory requirements. It can be difficult for growing organizations with limited resources to manage the technological infrastructure while meeting multiple complex regulatory requirements.
Saving money, freeing up time, getting access to expert help—when looking at the perks of IT outsourcing, it's understandable why it keeps orbiting back. Like any trend, however, IT outsourcing has its limitations. Without the right framework, it can be borderline disastrous (especially if organizations don't learn from their mistakes).
That, I believe, is one of the biggest hurdles to successful IT outsourcing. Many companies give it a half-hearted shot and, not surprisingly, have a less-than-positive experience. They lick their wounds but never dig into what really went wrong. Then, when the IT outsourcing trends again, they dive in—and likely hit the same bumps in the road.
By taking the time to assess previous outsourcing attempts and apply those learnings to "round two," healthcare leaders can create a more seamless outsourcing journey and avoid repeating yesterday's mistakes.
Early in my career, I remember hearing "that's been done before" over and over. Looking back, I was good at dismissing most of those comments. I was convinced that even if it had been done before, we could take a different path forward and be more successful as a result. I probably owe a few people an apology because, although having done something before is not a reason not to try again, I should have learned more about the lessons from previous attempts. Now, I try to take my learnings to help others avoid a few mistakes.
Back to what's trending: healthcare IT outsourcing. If your organization is considering outsourcing its technology needs, here are a few things to keep in mind:
• Make sure you have a clear understanding of what you're trying to achieve. What are your goals and objectives? What are your expectations? Be realistic about what you can achieve with outsourcing.
• While some types of outsourcing can be very transactional, other functions are key to meeting your organization's goals. For complex functions, ensure the firm you are partnering with is taking the time to understand your organizational needs.
• Tackle challenging internal barriers such as governance and personal or process issues before or in conjunction with outsourcing. Simply moving the systemic organization issues to an outside company will not solve your issues.
• Outsourcing can be a great way to deepen resources at a lower cost, but it does require more discipline on scope and priorities than most in-house IT teams require today.
• Do not wholesale outsource your entire IT organization. Outsourcing works best when you need to increase the depth of talent, need hard-to-find skills, and need to handle routine tasks and standard maintenance that are ubiquitous across the industry. Effective IT teams that are part of core operations are a key part of the special sauce all healthcare organizations need.
Emerging technologies are advancing at a rapid pace. However, the level of expertise needed to maintain and operate them within healthcare settings isn't. To address this challenge, more and more healthcare organizations are looking beyond their in-house capabilities for new ways to add resources, cut costs and manage their IT more effectively. For many organizations, this means turning to technology outsourcing.
Outsourcing can be a great way for an organization to find specialized talent while making the most out of its technology budget. However, IT leaders must do their research and choose a partner that has experience with healthcare technology. Otherwise, money could be wasted on a service that doesn't meet an organization's needs. With the right approach and guidance, it can be a positive, pain-free experience.
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Some of the key global players in the deep learning market include Advanced Micro Devices Inc., NVIDIA, Amazon Web Services (AWS) Inc., Intel Corporation, Xilinx, Samsung Electronics, Qualcom Technologies Inc., Micron Technology, IBM Corporation, Google LLC, and Microsoft Corporation.
Douglas - Isle of Man, Dec. 07, 2022 (GLOBE NEWSWIRE) -- Douglas Insights has assessed all elements of the deep learning market and uncovered the changes in market trends due to the rising demand for data mining and image recognition for various solutions since the Covid-19 pandemic. The inclusion of deep learning market research reports in the Douglas Insights comparison engine will allow analysts, market researchers, businesses, and industry experts, to precisely recognize market trends, future forecasts, growth drivers, restraints, market limitations, and challenges.
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Market Overview
The global deep learning market is projected to expand exponentially in the coming years, with a whopping estimated compound annual growth rate (CAGR) of 39.1% from 2021 to 2030. The global decline in hardware costs, improvements in computing power, and widespread adoption of cloud technologies are all key drivers for this market. Moreover, the rise of big data adds to the growth of the global deep learning market due to its widespread applications in data mining and data analytics.
Image recognition is the largest application of deep learning (DL), with rising demand for facial recognition, pattern recognition, code recognition, object recognition, etc. However, the largest growth opportunities for the forecast period lie in the data mining segment. Its applications in advanced technologies like visual data mining and natural language are increasing deep learning demand across the globe.
In terms of market regions, North America holds the lead in the deep learning market, owing to its established IT infrastructure and growing IT investments. However, the Asia-Pacific offers the greatest growth opportunities for key market players during the forecast period. This is due to its rapid industrialisation, urbanisation, and growing populations. There is also a huge uptick in user-generated data and the number of skilled workers in this region. Market players can expect some excellent growth opportunities in the automotive, security, retail, healthcare, law, manufacturing, government, defence, fintech, and marketing industries.
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The Covid-19 pandemic has propelled the demand for deep learning solutions, mostly due to the growing demands for dynamic risk mitigation, fraud detection, anti-money laundering (AML) solutions, digital voice assistants, augmented reality (AR) applications, and virtual reality (VR) applications. There is also high demand from the business sector due to the rise in digital transformations and stringent data safety regulations from governments.
However, there are some restraints to the growth of the deep learning market. These include the lack of industry standards, protocols, technical expertise, and the rising complexity of deep learning hardware due to the complex algorithms employed for various solutions and applications.
Some of the key global players in the deep learning market include Advanced Micro Devices Inc., NVIDIA, Amazon Web Services (AWS) Inc., Intel Corporation, Xilinx, Samsung Electronics, Qualcom Technologies Inc., Micron Technology, IBM Corporation, Google LLC, and Microsoft Corporation. There are also a few key start-ups like Koniku, Adapteva, Graphcore, and Mythic that are primed to propel and benefit from the growth of the deep learning market during the forecast period.
The main applications for this market include data mining, image recognition, and signal recognition. On the other hand, DL solutions providers, DL platform providers, cloud service providers, system integrators, research organisations, semiconductor and chipset manufacturers, tech investors and providers, consulting companies, banks, and venture capitalists are some of the key target audiences in global regions for the deep learning market.
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Countries Covered in the report are as below:
North America - United States, Canada, and Mexico
Europe - United Kingdom, Germany, France, Italy, Russia, Spain & Rest of Europe
Asia-Pacific - China, India, Japan, South Korea, Australia & Rest of APAC
Latin America - Brazil, Argentina, Peru, Chile & Rest of Latin America
Middle East and Africa - Saudi Arabia, UAE, Israel, South Africa
Market Segmentation in the report is as below-
By Solution
By Hardware
Central Processing Unit (CPU)
Graphics Processing Unit (GPU)
Field Programmable Gate Array (FPGA)
Application-Specific Integration Circuit (ASIC)
By Applications
By End-Use
Automotive
Aerospace & Defense
Healthcare
Manufacturing
Others
Key questions answered in this report
COVID 19 impact analysis on global Deep Learning industry.
What are the current market trends and dynamics in the Deep Learning market and valuable opportunities for emerging players?
What is driving Deep Learning market?
What are the key challenges to market growth?
Which segment accounts for the fastest CAGR during the forecast period?
Which product type segment holds a larger market share and why?
Are low and middle-income economies investing in the Deep Learning market?
Key growth pockets on the basis of regions, types, applications, and end-users
What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
Unique data points of this report
Statistics on Deep Learning and spending worldwide
Recent trends across different regions in terms of adoption of Deep Learning across industries
Notable developments going on in the industry
Attractive investment proposition for segments as well as geography
Comparative scenario for all the segments for years 2018 (actual) and 2028 (forecast)
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Purchase Strengthens Park Place as Global Leader for all IT Infrastructure Solutions, as Economy and Skills Gap Challenges Impact Global Business.
CLEVELAND, Dec. 06, 2022 (GLOBE NEWSWIRE) -- Park Place Technologies, the leading global data center and networking optimization firm, has acquired the TPM and Professional Services assets of CentricsIT, an IT services provider based in Atlanta, Georgia.
The demand for Professional Services is growing globally, driven by economic conditions and skills gaps. Park Place’s Professional Services offering will benefit from the acquisition with greater capabilities in IMAC, ITAD, Remote Hands, and deployment services, including cabling, wi-fi surveys, data center installs and refreshes, and network installations. Park Place clients will benefit from a state-of-the-art Professional Services portal developed by CentricsIT that provides real-time project status, reporting, and collaboration tools. Park Place’s Project Management Office function will be enhanced with the addition of Project Management Institute-certified CentricsIT employees worldwide. CentricsIT customers will gain access to Park Place Technologies’ unique portfolio of products and services, including automated monitoring and managed services.
Chris Adams, President and CEO of Park Place Technologies, said in addition to investing in Professional Services, Park Place continues to focus on providing exceptional customer service and support. “When acquiring businesses, we always search for companies that are intensely focused on customer service and have a similar culture and value set to PPT. CentricsIT delivers that and more,” he said. “Our combined Professional Services capabilities are evolving to meet client needs, and this will accelerate that CX agenda. CentricsIT’s EVP of Global Services, Patrick Keuller, will join the global Professional Services group. Patrick brings decades of experience and understands the growing needs of companies around the globe that are struggling to recruit skilled staff and stretching budgets to efficiently manage their infrastructures.”
CentricsIT has been a global leader in IT lifecycle management solutions and professional services since 2007. As the company transitions its professional services and TPM divisions to Park Place Technologies, it will retain its server, storage and networking resale division.
“We’re pleased to have found the right fit in Park Place Technologies for our services practice to grow and thrive,” said CentricsIT founder and CEO Derek Odegard. “We know they will continue to excel in service delivery and client support.”
This is Park Place’s fourth acquisition in 2022.
“Agile Equity provided investment banking services to CentricsIT and facilitated the transaction,” Odegard said. “We enjoyed working with the Agile Equity team. Their expertise in the data center infrastructure industry was very beneficial throughout the transaction.”
Founded in 1991, Park Place Technologies is powered by the world’s largest on-the-ground engineering team, a robust group of hundreds of advanced engineers and its fully staffed 24x7x365 Enterprise Operations Center. Park Place leverages a global parts supply chain, automation, machine learning and a comprehensive portfolio of services and products to optimize networking and data center uptime and performance.
About Park Place Technologies
Park Place Technologies is a global data center and networking optimization firm. Powered by the world’s largest on-the-ground engineering team, a robust group of advanced engineers and our fully staffed, 24x7x365 Enterprise Operations Center, we offer a robust portfolio of IT solutions to optimize networking and data center uptime and performance. Our services include third-party data center hardware maintenance, professional services, infrastructure managed services, network performance monitoring and hardware sales. Through our unique and fully integrated DMSO (Discover, Monitor, Support, Optimize) approach, customers enjoy streamlined infrastructure monitoring and management, cost efficiencies, less chaos, and faster mean-time-to-resolution – ultimately providing the freedom to think bigger. Park Place’s industry-leading and award-winning services include Park Place Hardware Maintenance™, Park Place Professional Services™, ParkView Managed Services™, Entuity Software™ and Curvature Hardware sales. For more information, visit www.parkplacetechnologies.com. Park Place is a portfolio company of Charlesbank Capital Partners and GTCR.
CONTACT: Jennifer Deutsch Park Place Technologies (440) 991-3105 jdeutsch@parkplacetech.com Michael Miller Park Place Technologies (440) 991-5509 mmiller@parkplacetech.com
Artificial intelligence is taking over almost every industry. The investment and finance industry is no exception. In Deloitte's 2019 report, the firm reveals that AI is transforming the financial ecosystem to reduce costs and make operations more efficient by providing automated insights and alternative data, analysis and risk management.
Technology such as AI has digitized the finance sector, ranging from payments and remittances to lending. However, asset management is still in the nascent stage of digitization, according to the chief strategy officer and co-founder of Akros Technologies, Jin Chung.
Akros Technologies wants to disrupt the current asset management industry via its AI-driven asset management software platform that mines market data for stocks. Akros just raised $2.3 million from Z Venture Capital, the corporate venture capital wholly owned by Z Holdings, which also owns the Japanese messaging app Line and internet portal Yahoo Japan.
Akros intends to strengthen strategic ties with Z Holdings via strategic investment, the startup said. The latest funding, which brings Akros's total amount raised to $6.1 million since its 2021 inception, will help Akros to scale its software platform and asset management products and ramp up its users, including local and global financial institutions and fintech companies.
The outfit is already in discussions with potential partners to expand its AI-powered product called portfolio management as a service, or PMaaS, an all-in-one operating system for portfolio management. Chung explained to TechCrunch that PMaaS "enables B2B clients such as financial institutions, fintech startups and robot-advisors to launch their own exchange-traded funds (ETFs) without having to set up ETF teams and infrastructure."
He added that it expects to secure more than five B2B clients in the first quarter of 2023.
The startup claims that its AI-powered portfolio management platform can reduce "the overall cost structure [of] the traditional fund development," including management fees and unnecessary fees involved in the investment process, by more than 80%. The outfit aims to maximize the finance management performance of data-driven ETFs and offer a portfolio management solution via the PMaaS for Akros's users to help them compete with global ETF institutions like Vanguard or JPMorgan.
In August, Contents Technologies launched Korean pop music, also known as K-pop, and Korea Entertainment ETF, on the NYSE Arca Exchange under the ticker KPOP, using Akros's PMaaS solution to develop the ETFs. In addition, Akros listed an AI-driven target income ETF, called Akros Monthly Payout ETF (ticker: MPAY), on the NYSE in May with monthly distributions at an annualized target rate of 7%, according to the startup.
To build a slew of investment strategies that lower the cost of portfolio modeling and generate scores of investment portfolios, Akros applies a generative AI model based on a decision transformer, which predicts future actions through the sequencing model, Chung said, adding the company also employs GPT-3 natural language processing (NLP) to analyze unstructured language data.
Akros plans continuously to enhance its engineering technology by bolstering its business to disrupt the asset management market and attract new partners across the globe, including Japan, Singapore and the U.S., co-founder and chief executive officer Kyle Moon said in a statement.
Founded by CEO Moon, CSO Jin and chief marketing officer Justin Gim, Akros employs seven people.
Co-founders of Akros Technologies: (Left to right) Justin Gim, Kyle Moon and Jin Chung. Image Credits: Akros Technologies
Moon previously worked for Qraft Technologies as head of AI research and CSO and had experience listing four ETFs on NYSE. Before co-founding Akros, Gim had more than nine years of experience in the asset management industry; Chung did research work for Bayesian deep learning in autonomous driving cars at Oxford Robotics Institute.
In March, Akros raised $3.75 million in funding from PeopleFund, a South Korean peer-to-peer lending platform. The company declined to provide its valuation when asked.
The RCMP has suspended a controversial contract it had awarded to a Canadian company whose parent organization has ties to the Chinese government, CTV News has confirmed.
Public Safety Minister Marco Mendicino’s office told CTV News on Thursday that the contract the RCMP inked in October 2021, worth $549,637, with Ontario-based Sinclair Technologies Inc. for radio frequency filters, is now on pause.
Earlier in the day, Mendicino told reporters that the RCMP was "looking very carefully" at the equipment that was installed and going forward there is more rigorous screening when contracts are awarded that may have national security implications.
"Obviously if there were any concerns or if there was any flaws in this process around the contract, then there should be very quick and immediate steps taken to suspend or cancel the contract altogether," he said.
After this contract came to light, the RCMP said the national police force's radio communications were protected with end-to-end encryption and that radio frequency filtration equipment "poses no security concerns nor does it allow access to radio communications."
"The contract was awarded in accordance with Federal Government procurement policies and regulations, and in accordance with the Trade Agreements," the RCMP said on Wednesday.
In a previous statement to CTV News, Sinclair said it is a trusted and independent company. It cited privacy reasons for being unable to comment further.
The RCMP contract is not the only one the federal government has awarded to Sinclair Technologies.
CTV News has found a number of other contracts, worth upwards of $90,000 each, since Sinclair’s parent company Norsat was bought in 2017 by Hytera, which is partially owned by the Chinese government. The contracts included those with the RCMP, Fisheries and Oceans Canada, and the Department of National Defence.
Hytera's products are banned from being sold or imported in the United States over national security concerns.
On Thursday, the Department of National Defence said it was aware of the concerns surrounding Sinclair Technologies and was "investigating these procurements and the way in which this equipment is used, alongside counterparts in other government departments."
"The government will take all measures necessary to ensure the security of our infrastructure," said the department in a statement.
For the second day in a row, the issue prompted a series of questions to the federal government in the House of Commons.
On her way into question period, Foreign Affairs Minister Melanie Joly—who recently rolled out a new Indo-Pacific Strategy signalling a tougher stance on China—said the "independent public service" should "never" have signed these contracts.
"We needed to put a national lens on our contracts and our decision-making. This is the position of the government going forward," Joly said.
With files from CTV News' Annie-Bergeron Oliver and Michael Lee
Major players in the infrastructure inspection market are Honeybee Robotics, Eddyfi Technologies, Wipro Limited, Xylem Inc. , Campbell Scientific Inc. , Geokon , Digitexx Data Systems Inc. , Sisgeo S. r.
New York, Dec. 01, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Infrastructure Inspection Global Market Report 2022: Ukraine-Russia War Impact" - https://www.reportlinker.com/p06368700/?utm_source=GNW
l., AVT Reliability Ltd , MISTRAS Group, Wipro, Intel Corporation , Lockheed Martin Corporation, Northrop Grumman, DJI, Parrot Drone SAS., and Acellent Technologies Inc.
The global infrastructure inspection market is expected to grow from $1.81 billion in 2021 to $1.97 billion in 2022 at a compound annual growth rate (CAGR) of 8.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting manyevery markets across the globe. The infrastructure inspection market is expected to grow to $2.77 billion in 2026 at a CAGR of 8.9%.
The infrastructure inspection market consists of sales of infrastructure inspection by entities (organizations, sole traders, and partnerships) that are used in analysing and monitoring tools that help to analyse the state of the infrastructure.Infrastructure inspection refers to the technology that involves collecting and assessing meaningful data about the infrastructure.
Infrastructure inspections can include bridges, pipelines, power grids, and other facilities that are essential to the use and safety of structures.
The main types of infrastructure inspection are drones, unmanned aerial vehicles (UAVs), crawlers, and submersibles.A crawler refers to a programme that visits Web sites and reads their pages and other information in order to create entries for a search engine index.
The operations are autonomous or semi-autonomous.The various applications involved pipes, tanks and vessels, sewers, roads and bridges, underwater inspection, wind turbines, nuclear applications, and auxiliary structures.
The various end-users included building and construction, oil and gas, power generation, chemicals, petrochemicals, municipal, and general purpose.
North America was the largest region in the infrastructure inspection market in 2021. The regions covered in this infrastructure inspection market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The surge in capital investments for structural health monitoring to ensure better maintenance of critical infrastructure is expected to propel the growth of the infrastructure inspection market going forward.Structural health monitoring (SHM) is a set of systems that are installed on full-scale civil infrastructures to assist and inform operators.
To ensure structural integrity, ageing bridges, highways, buildings, dams, pylons, tunnels, and other structures are inspected.For instance, in March 2022, according to a report by Govtribe, a US-based company that focuses on government contractors and provides a real-time resource locator, the Federal Government granted the opportunity to Engineer Research and Development Centre (ERDC) for innovative technologies in structural health monitoring to advance structural health monitoring (SHM) technologies and assess the current and future condition and reliability of infrastructure components and systems.
The first year was allocated $2 million, with a total budget of $12 million. Therefore, the surge in capital investments for structural health monitoring is driving the growth of the infrastructure inspection market.
Technological advancement is a key trend gaining popularity in the infrastructure inspection market.Major companies operating in the infrastructure inspection market are focused on developing new technological solutions to strengthen their position.
For instance, in May 2022, Toshiba, a Japan-based company operating in infrastructure inspection, develops Infrastructure Inspection AI for detecting anomalies with unprecedented accuracy from a small number of reference images.Instead of requiring real-world training like traditional AI, the technology compares inspection shots against reference images using features from pre-trained deep learning models.
The new AI would detect anomalies with high accuracy even when inspection photos are taken from different perspectives than in the reference images because of Toshiba’s proprietary rectification technology. This technology also helps to reduce false positives for unusual patterns that are truly normal.
In July 2022, DroneBase, a US-based leader in intelligent imaging, acquired U.K.-based Inspection for an undisclosed amount. DroneBase’s acquisition of Inspection2 expands DroneBase’s AI-enabled inspection capabilities across telecom and transmission and distribution, creating a complete offering for owners, operators, and investors in renewable energy infrastructure and systems. Inspection2 is a UK-based company operating in infrastructure inspection.
The countries covered in the infrastructure inspection market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The infrastructure inspection market research report is one of a series of new reports that provides infrastructure inspection market statistics, including infrastructure inspection industry global market size, regional shares, competitors with an infrastructure inspection market share, detailed infrastructure inspection market segments, market trends and opportunities, and any further data you may need to thrive in the infrastructure inspection industry. This infrastructure inspection market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
Read the full report: https://www.reportlinker.com/p06368700/?utm_source=GNW
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ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
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Canada’s nuclear leaders gather to celebrate construction of the Advanced Nuclear Materials Research Centre (ANMRC)
AECL AND CNL BREAK GROUND ON NEW NUCLEAR RESEARCH FACILITY
CHALK RIVER, Ontario, Dec. 07, 2022 (GLOBE NEWSWIRE) -- Atomic Energy of Canada Limited (AECL) and Canadian Nuclear Laboratories (CNL) are pleased to announce that they officially broke ground on the new Advanced Nuclear Materials Research Centre (ANMRC) at the Chalk River Laboratories. AECL President & CEO, Fred Dermarkar, and CNL President & CEO, Joe McBrearty, were joined by local officials and representatives of Canada’s nuclear supply chain to celebrate construction of the new facility.
Scheduled for completion in the spring of 2028, the ANMRC is a state-of-the-art research complex that will be one of the largest nuclear research facilities ever built in Canada. When construction is complete, it will serve as the backbone of CNL’s research and development infrastructure. The 10,000-square-metre facility will feature 23 laboratories, accommodate 160 employees and consolidate key capabilities from aging facilities scheduled for decommissioning at the site.
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“Atomic Energy of Canada Limited is looking to the future. ANMRC is central to our vision to drive nuclear innovation. It will be a modern, efficient, world-class nuclear lab to serve the needs of the Government of Canada and the Canadian nuclear industry – not only for today, but for decades into the future.” Fred Dermarkar, President & CEO, Atomic Energy of Canada Limited “This exciting new research facility will ensure that CNL maintains its position as a world leader in nuclear science and technology into the future. The investments that the Government of Canada has made into the revitalization of the Chalk River Laboratories give us the facilities and infrastructure needed to confront some of the nation’s most pressing issues, from climate change to energy security. That is the responsibility we have as Canada’s national nuclear laboratory, and the ANMRC is at the centre of this vision.” Joe McBrearty, President & CEO, Canadian Nuclear Laboratories “To fight climate change and lower emissions, we must look to all non-emitting sources of energy, which very much needs to include nuclear energy. The Advanced Nuclear Materials Research Centre (ANMRC) is an important step forward in Canada’s long history as a peaceful user of nuclear power. The work undertaken here will help guide a new generation of nuclear technologies and ensure that our nuclear sector remains a reliable, safe, cost-effective and innovative source of energy and opportunity.” The Honourable Jonathan Wilkinson, Minister of Natural Resources |
Among other functions, the ANMRC is designed to support Canada’s clean energy goals by providing services critical to the life extension and long-term reliability of existing reactors, including Canada’s fleet of CANDU® nuclear power reactors and other designs from around the world. In particular, as the largest single capital investment in the revitalization of the Chalk River campus, the ANMRC will feature 12 new shielded hot cells that will enable post-irradiation examination of small modular reactor (SMR) and next-generation nuclear fuels in addition to glovebox facilities to support the development of advanced fuel fabrication concepts.
The ANMRC is one of a series of new laboratories, office buildings and support facilities that are being constructed at the Chalk River Laboratories to revitalize the campus, thanks to a $1.2-billion investment from AECL on behalf of the Government of Canada. In addition to the ANMRC, a Science Collaboration Centre is under construction that will serve as CNL’s central planning and collaboration space. A new two-storey industrial-use support facility and a new site entrance building were recently completed, and several science facilities have been opened in the last few years, including a new hydrogen laboratory complex, a new materials research laboratory and a new tritium laboratory.
Major investments have also been made into infrastructure improvements for the campus, including new domestic water and natural gas service, a modern sanitary sewage treatment facility and a system to more effectively manage storm water.
For more information on CNL, including the revitalization of the Chalk River Laboratories campus, please visit www.cnl.ca. To learn more about AECL, please visit www.aecl.ca.
About AECL
AECL is a federal Crown corporation with a mandate to drive nuclear opportunities for Canada. Working with Canadian Nuclear Laboratories, AECL enables nuclear science and technology and manages the Government of Canada’s radioactive waste responsibilities. For more information on AECL, visit www.aecl.ca.
About CNL
As Canada’s premier nuclear science and technology laboratory, and working under the direction of AECL, CNL is a world leader in the development of innovative nuclear science and technology products and services. Guided by an ambitious corporate strategy known as Vision 2030, CNL fulfills three strategic priorities of national importance – restoring and protecting the environment, advancing clean energy technologies, and contributing to the health of Canadians.
By leveraging the assets owned by AECL, CNL also serves as the nexus between government, the nuclear industry, the broader private sector and the academic community. CNL works in collaboration with these sectors to advance innovative Canadian products and services towards real-world use, including carbon-free energy, cancer treatments and other therapies, non-proliferation technologies and waste management solutions.
To learn more about CNL, please visit www.cnl.ca.
AECL Contact:
Malcolm Bernard
Communications Advisor
1-613-612-0096
CNL Contact:
Patrick Quinn
Director, Corporate Communications
1-866-886-2325
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7fff4fed-12b0-4bd2-9929-91b4b6d2a6a8
