CLOUD – themagtech https://www.themagtech.com Wed, 17 Apr 2024 09:48:57 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.2 https://www.themagtech.com/wp-content/uploads/2024/04/logo-150x150.jpeg CLOUD – themagtech https://www.themagtech.com 32 32 Ericsson and HPE Collaborate on FinTech Cloud Services https://www.themagtech.com/ericsson-and-hpe-collaborate-on-fintech-cloud-services/ Fri, 08 Mar 2024 10:14:54 +0000 http://www.themagtech.com/?p=50

At Mobile World Congress 2024, Ericsson and Hewlett Packard Enterprise (HPE) announced partnering to deliver fintech cloud services leveraging HPE GreenLake. This strategic collaboration aims to combine Ericsson’s expertise in telecommunications and HPE’s cloud infrastructure to provide innovative solutions for the finance industry.

The alliance between the two companies aims to open up fresh revenue opportunities, revamp financial services and provide smooth, secure digital financial solutions to enterprise clients. Offering enterprises cloud-like agility and scalability, Ericsson and Hewlett Packard Enterprise (HPE) will integrate the Ericsson Wallet Platform with HPE GreenLake to advance digital transformation in financial services.

Phil Cutrone, SVP & GM WW OEM Solutions, Service Providers, and Telco at HPE emphasized, “This partnership marks a milestone for both HPE and Ericsson. Together, we’re poised to drive innovation in financial services and IT, unlocking new revenue streams for enterprise customers and enhancing their users’ digital financial services experience.”

]]> 50 Cox Enterprises Acquires Majority Share of OpenGov for $1.8 Billion https://www.themagtech.com/cox-enterprises-acquires-majority-share-of-opengov-for-1-8-billion/ https://www.themagtech.com/cox-enterprises-acquires-majority-share-of-opengov-for-1-8-billion/#respond Fri, 08 Mar 2024 10:01:29 +0000 http://www.themagtech.com/?p=43 Cox Enterprises announced acquiring a majority ownership stake in OpenGov, a leading provider of cloud-based software solutions for government organizations. This move strengthens Cox’s position in the government technology sector and expands its portfolio of digital solutions. In the agreement, OpenGov’s executive teams and employees will retain a significant portion of their equity and remain in charge of operations within Cox’s framework.

OpenGov’s products are trusted by nearly 1,900 customers across all 50 states for budgeting, accounting, procurement, asset management and permitting, fostering efficiency, adaptability and public trust. With OpenGov software, one in three people in the U.S. reap the benefits.

Cox and OpenGov share aligned missions and values, driving their partnership. With a history of investing in mission-driven enterprises, Cox aims to empower long-term impact, addressing critical societal challenges. This partnership marks Cox’s commitment to bridging the technology gap in government sectors.

]]> https://www.themagtech.com/cox-enterprises-acquires-majority-share-of-opengov-for-1-8-billion/feed/ 0 43 Only 13% of CPUs and 20% of Memory Used, Reveals CAST AI  https://www.themagtech.com/only-13-of-cpus-and-20-of-memory-used-reveals-cast-ai/ https://www.themagtech.com/only-13-of-cpus-and-20-of-memory-used-reveals-cast-ai/#respond Fri, 08 Mar 2024 09:54:19 +0000 http://www.themagtech.com/?p=40 According to CAST AI’s Kubernetes Cost Benchmark 2024 Report, enterprises typically utilize only 13% of provisioned CPUs and 20% of memory in clusters with 50 or more CPUs. This finding underscores the prevalence of underutilized resources in cloud environments. Businesses can reduce cloud costs while optimizing performance by understanding and addressing these inefficiencies.

The analysis by CAST AI encompasses 4,000 clusters on Amazon Web Services (AWS), Google Cloud Platform (GCP), and Microsoft Azure (Azure) from Jan. 1 to Dec. 31, 2023, before optimization by their automation platform. The report highlights several key findings, including:

  • Larger clusters with 1,000 or more CPUs typically utilize only 17% of provisioned CPUs on average. 
  • CPU utilization rates are nearly identical between AWS and Azure, at 11%, while Google Cloud Platform (GCP) reports a slightly higher utilization of 17%. 
  • Memory utilization rates vary across providers, with GCP at 18%, AWS at 20%, and Azure at 22%. 
  • Spot instance pricing for AWS’s six most popular instances in the US-East and US-West regions (excluding Gov regions) rose by 23% between 2022 and 2023.
]]> https://www.themagtech.com/only-13-of-cpus-and-20-of-memory-used-reveals-cast-ai/feed/ 0 40 Capgemini Inks Long-Term Pact with TenneT for Cloud Transformation https://www.themagtech.com/capgemini-inks-long-term-pact-with-tennet-for-cloud-transformation/ https://www.themagtech.com/capgemini-inks-long-term-pact-with-tennet-for-cloud-transformation/#respond Fri, 08 Mar 2024 09:50:38 +0000 http://www.themagtech.com/?p=34 In a strategic move, Capgemini announced signing a 12-year partnership agreement with TenneT to accelerate its cloud transformation journey. The alliance intends to enhance innovation and operational efficiency within TenneT’s infrastructure.

In a deal exceeding €100 million, Capgemini will drive the adoption of emerging technologies by overseeing the transition from on-premises data centers to the cloud. This involves delivering a fully managed, compliant and highly secure cloud-based infrastructure for TenneT.

With over 23,500 kilometers of high-voltage connections serving 42 million end-users in the Netherlands and parts of Germany, TenneT is a major player in the energy sector. Over the 12-year term, Capgemini will enhance TenneT’s understanding and utilization of cloud technology through training and coaching initiatives, expediting its adoption process. Additionally, Capgemini will offer technology strategy advisory and consulting services to facilitate smooth business transformation for TenneT.

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