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CHRISTCHURCH, New Zealand, Nov. 16, 2020 — Cloudian® today announced that it has signed an agreement with Computer Concepts Ltd. (CCL) to supply CCL's New Zealand customers with object storage technology through the Vault Managed Service, with a strong emphasis on the government sector. The multimillion-dollar agreement speaks to the increasing role of object storage in the management and security of data in modern application workloads, which, particularly in hybrid cloud environments, are increasingly driving New Zealand's digital agenda.
CCL is New Zealand's largest locally-based information and communications technology (ICT) service, provider. Via customer development and a number of mergers and acquisitions, including a merger with Revera last year the Spark NZ-owned business has grown in recent years. CCL currently has more than 1,000 customers in New Zealand and 650 employees. The organization was searching for a provider of object storage, seeing the technology as a crucial move to help customers migrate to the hybrid cloud.
"With the soaring public cloud and the planned local entry of CCL's strategic partner, Microsoft, the future of NZ's ICT will certainly be hybrid in the next few years," said Richard Hansen, CCL's director of portfolio services. A recent report from the Digital Council of the New Zealand Government, which was convened to direct the nation's transition to a post-COVID digital economy, also took into account the need of CCL for a modern storage solution. The report suggested that public infrastructure programs be re-framed from "shovel-ready" to "sensor-ready," understanding how digital and data-driven innovation can help revitalize hard-hit sectors of the economy.
"With this sensor-ready orientation, we see object storage as important as it is ideally suited to use cases such as images, mobile apps, IoT and other main areas to where our technology needs go," added Hansen. "In order to satisfy current and potential ICT demand, we needed a specialist object storage provider, rather than a business that only provided it."
Cloudian was a great solution to replace version one of Vault, as the leading object storage specialist and most widely deployed independent provider of object storage systems. A Cloudian HyperStore system with a storage capacity of more than five petabytes (5000 terabytes) was deployed by CCL-the data equivalent of 24/7 full HD video recording for more than 17 years.
"We especially liked the scalability, performance, low TCO, and fully native compatibility of HyperStore with the S3 API, the widely accepted public cloud storage protocol," Hansen said. CCL has already benefited from a five-fold performance boost for data entry and exit (inbound and outbound) in the short time since introducing the Cloudian solution, although costs have decreased by an estimated 20 percent.
In addition, Cloudian has decoupled the hardware and software of CCL, allowing it to strategically spread workloads through commodity and high-performance storage, increasing productivity and further reducing costs. In addition, the fully native S3 API of HyperStore helps CCL to easily transfer data between public and private cloud environments as the hybrid cloud becomes New Zealand's model of choice.
In more than 100 customer environments to date, CCL has enabled HyperStore, mainly focused initially on backup and recovery applications. Moving forward the business plans to exploit Cloudian overtime for additional use cases. This involves integrating the Object Lock solution for ransomware defence from Cloudian, which is becoming an essential security function as cybercrime increases. In the case of a ransomware attack, Object Lock produces an immutable copy of backup data, making it invulnerable to hacker encryption and deletion, and therefore allowing users to easily recover an uninfected copy of their data.
The agreement also leverages the storage infrastructure-as-a-service of HPE offered under a GreenLake model that offers a high-performance, cost-effective platform on which to operate Cloudian's technology.
"According to IDC, shipments of object storage capacity are projected to increase from 2020 to 20241 at a 40 percent compound annual growth rate," said James Wright, regional director for A/NZ and Oceania, at Cloudian. Object storage has emerged in New Zealand as one of the main drivers of hybrid cloud and data protection developments that have intensified since the pandemic.
"CCL is at the forefront of helping the top government agencies and biggest businesses in the world adjust to this new fact, and we are proud to work with CCL to introduce to these customers the data management and security benefits of object storage."
Officially launched in July in New Zealand and Australia, Cloudian announced in August the onboarding of a range of main partners across the country.
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In the meantime, Johnson & Johnson is also planning on Monday or Tuesday to start its late-stage trial, the company said. According to the US Food and Drug Administration (FDA), AstraZeneca has resumed the Phase-3 trial of its experimental coronavirus vaccine in the US, placing studies back on track on two of the leading candidates for Covid-19 inoculation.
In the meantime, Johnson & Johnson is also planning on Monday or Tuesday to resume its late-stage trial, the company said in a statement. The creation indicated progress against the deadly virus that has infected 42,952,534 individuals worldwide, including 8,568,625 in the US and 10 days before the country's presidential election, which will rely on plans to tackle the latest coronavirus pandemic.
Why did AstraZeneca halt its US trial?
On 6 September, after a diagnosis of a severe neurological condition, suspected to be transverse myelitis, AstraZeneca— one of the leading vaccine developers — suspended its US trial in the UK trial of the business. Last week, after a study participant became ill, Johnson & Johnson suspended its big, late-stage trial.
Both companies have contracts to supply the US and other governments with vaccines if they are cleared by regulators.
Officials and analysts have expressed fear that political interference would disrupt the regulatory approval process monitored by the FDA, and about a quarter of Americans say they are unwilling to take the coronavirus vaccine.
"As this study sums up, I hope that the message conveyed to the public is that we follow procedures to the highest ethical level and do not interfere with the regulatory process of the FDA," said Matthew Hepburn, head of the vaccine production for Operation Warp Pace, a public-private collaboration to speed up efforts to inoculate.
J&J said on Friday that the safety panel, called the Data and Safety Monitoring Board, recommended that after finding no proof that the vaccine caused the volunteer to fall ill, the drugmaker restart trial recruitment.
J&J plans to restart its trial in the United States on Monday or Tuesday and remains on track to deliver vaccine efficacy results from the trial by the end of 2020 or early 2021, said Paul Stoffels, chief scientific officer of Johnson & Johnson. J&J is still in talks to resume a trial outside of the United States with other regulators, the company said.
The medical board has not found a specific cause for the illness of the patients so far. Because of patient privacy laws, J&J does not share any information about the patient 's illness, Stoffels said. AstraZeneca said that during large-scale vaccine trials, it is not uncommon for certain study participants to fall ill, but that the U.S. All safety data from the studies has been checked internationally by the Food and Drug Administration and it was considered safe to continue testing the vaccine.
In the United Kingdom, Brazil and South Africa, AstraZeneca vaccine trials, which are being produced along with researchers at Oxford University, resumed last month as the US FDA continued its investigation into the case.
Earlier this week, Reuters announced that its analysis had been completed by the FDA and that the AstraZeneca U.S. trial was expected to begin as early as this week, citing four sources familiar with the situation.
Cases in Global Covid top 42.5 mn
According to Johns Hopkins University, the total number of global coronavirus cases has reached 42.5 million, while deaths have risen to more than 1,148,940. The total number of cases stood at 42,532,198 as of Sunday morning, while the death toll increased to 1,148,943, the Center for Systems Science and Engineering (CSSE) of the University revealed in its latest update.
The US, according to the CSSE, is the worst-hit country with the largest number of cases and deaths in the world at 8,571,943 and 224,771, respectively.
In terms of cases, India comes in second place at 7,814,682, while the country's death toll soared to 117,956.
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For businesses in many countries, doing business in China can be a challenging and contentious proposition. But China continues to draw foreign capital, even with charges of intellectual property theft, forced alliances, and tight restrictions on doing business. When there are so many other 'business-friendly' countries and financial markets promoting foreign investment, Here you can search the company detail of china. why do companies want to invest in China?
The United States has accused China of stealing American firms' intellectual property, a fraud valued at US$ 600 billion annually. American and other companies could be subject to the forced transfer of their technologies as a precondition for doing business in China. Furthermore, regulations may require foreign investors to partner with a Chinese firm and set up a joint venture before they can do business in China.
In 2001, China vowed to open up its banking, telecommunications, and electronic payment processing sectors after becoming a member of the World Trade Organization. Yet intervention has been non-existent or, at best, half-hearted in these regions. For instance, the Chinese telecommunications industry remains under government regulation, and Facebook and Google have been barred from providing their services in China by the government.
What is in it for shareholders
In terms of credit access and the ease and magnitude of tax payments, Doing Business 2020, a World Bank publication, ranks China 80th and 105th, respectively, out of 190 nations in the world. For the overall ease of doing business, China ranks 31st out of 190 nations in the world using 10 other metrics, such as security given to minority investors, registering property, and implementing contracts. By comparison, according to the same article, the U.S. ranks 6th out of 190.
Furthermore, it can be strategically risky to do business in China. It can be difficult to negotiate with the Communist-led government; it has a political structure with a reputation for lack of openness and dissenting bigotry. The nation has essential rules that can alter without public notice about the inflows and outflows of money. Corruption in China is widespread , affecting foreign investors, such as the United States.
Despite these negative market conditions, China attracted a whopping $138 billion and $141 billion in foreign investment, respectively, in 2018 and 2019, according to the 2020 World Investment Report. This huge foreign investment in China, concentrating on only 2019, surpasses the GDPs of entire nations such as Kuwait-$137 billion; Kenya-$98 billion; and Venezuela-$70 billion. China was the world's second-largest foreign investment recipient in 2019, second only to the United States.
Countries playing by the rules
If the world's 31st ranked nation can attract such large volumes of foreign investment, despite being relatively business-unfriendly, surely the first ranked nation in the world would do as well as, if not better, China. But in terms of foreign investment, New Zealand, ranked first in the world for its business-friendly atmosphere, doesn't come close to China.
On the two metrics, New Zealand ranks 1st and 9th in the world: credit availability, which measures how simple it is to receive credit; and tax payments, which measure the simplicity and magnitude of tax payments made to the country where business is being conducted. And, unlike China's 31st position, New Zealand ranks first in the world for overall ease of doing business.
Despite this honour, New Zealand attracted only $1.95 billion and $5.43 billion in foreign investment in 2018 and 2019, respectively. In other words, China attracted 71 times and 26 times more foreign investment in 2018 and 2019 than New Zealand, despite New Zealand being known as a stable democracy with a lower political risk than other forms of government and the world's least corrupt country. What does the huge difference in foreign investment explain?
The quick math of making a profit
For industry, the size of a national market or scale matters greatly. The more buyers a market contains, the more the opportunity to be sold is offered to more goods. In 2019, the population of China was about 1.4 billion , compared with a population of about 4.8 million in New Zealand. Moreover, the Chinese economy is the second-largest in the world as calculated by gross domestic product, compared to New Zealand 's economy, which ranks 51st. The Chinese economy overshadows the New Zealand economy, whether the problem is seen in terms of the sheer number of customers or the overall size of the "economic pie" which is GDP.
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In Singapore, ET Now learns exclusively from sources, Amazon and Future Group are headed for arbitration. Under the dispute resolution mechanism in their contract, both sides are believed to have agreed to this option. What this arbitration would mean for the Future Group to sell its retail, wholesale, and logistics business to the Reliance Industries of Mukesh Ambani is still unclear.
When approached, an Amazon spokesperson said, "We have taken measures to enforce our contractual rights. As the matter is sub-judice, we can't provide information."
Another source close to Amazon said, "The contract with Future Coupons had a limited list, and that included Reliance. Future Group could not have gone to competitors like RIL for a deal."The other bone of contention is that Amazon has the right of first refusal to the promoters of Future Coupons' balance stake and assets.
The ROFR comes into force only in the third year of the transaction, according to sources close to Future Group, and the RIL agreement was revealed in the first year. The ROFR for shares comes into effect in the third year, but for the assets immediately upon the conclusion of the deal, sources close to the Amazon camp concede.
About 10 months ago, for around Rs 1,500 crore, Amazon purchased a 49 percent stake in Future Coupons. This means that Amazon controls approximately 4.99% of Potential Retail, which owns and manages the Big Bazaar and FoodHall network of shops.RIL announced in August that it was acquiring Future Group's retail, wholesale, logistics, and warehousing business as a concern for Rs 24,713 crore. For its approval, Reliance Retail has approached the competition watchdog CCI.
The Future Group has yet to respond to the questionnaire for ET NOW.ET Now was the first to break the story of Amazon sending a legal notice to Future Coupons, the Kishore Biyani-led Future Group's promoter entity. ET Now has learned from the arbitration in Singapore within 24 hours of that. Future Retail's stock price — the Future Group's crown jewel that operates and manages a huge retail network like the Big Bazaar, Food Hall stores — was over 5 percent at the closing bell in the red.
The Future Group's legal notice was for failure to fulfill contractual obligations. When it invested in the Future Group, Amazon got certain contractual rights. This involves a right of first refusal and a pact-like non-compete, a source said on condition of anonymity.
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Since the Covid-19 pandemic and economic downturn continue to loot businesses across industries, )Tata Consultancy Services (TCS has said it will give all its employees a salary raise. The TCS Human Resources has announced, according to a report in The Times of India, that rise will be given to all employees across all groups in the organization. The TCS HR official also confirmed that, as was the norm earlier in the business, the increase will be granted.
In recent months, IT businesses have seen a freeze as the economy has seen a downturn in growth with the raging coronavirus pandemic and the financial sector bleeding from the national lockdown. Although promotions and hikes were ruled out for the year, some businesses resorted to layoffs and salary cuts. For many in the IT business, the salary raise by TCS comes as good news.
TCS has also gone on a hiring spree over the past few months, according to the survey, with about 7,000 trainees being recruited in India and 1,000 in the United States. On Wednesday, Tata Consultancy Services said it would buy back up to 160 billion rupees ($2.18 billion) worth of shares and announced a decline in quarterly profit as it set aside 12.18 billion rupees to cover legal fees linked to a US litigation.
The company also appointed Samir Seksaria as its chief financial officer, selecting V. Ramakrishnan, who will retire in April next year, to replace the more than two-decade veteran of India's top software exporter. TCS said it would repurchase up to 53.3 million shares at 3,000 rupees per share, a 9.7 percent premium on Wednesday to the closing price of its stock.
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