Category Archives: finance

Global revenue from OCP infrastructure market to reach $33.8 billion in 2024

Worldwide revenue from the Open Compute Project (OCP) infrastructure market will reach $33.8 billion in 2024, according to IDC. While year-over-year growth will slow slightly in 2020 due to capital preservation strategies during the COVID-19 situation, the market for OCP compute and storage infrastructure is forecast to see a compound annual growth rate (CAGR) of 16.6% over the 2020-2024 forecast period. The forecast assumes a rapid recovery for this market in 2021-22, fueled by a … More

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Tasks associated with SOX compliance continue to be significant

Only 46 percent of audit teams have been utilizing advanced technologies to optimize SOX compliance activities, a decrease from the previous year’s Protiviti survey findings. SOX compliance challenges The longstanding challenges associated with compliance with the Sarbanes-Oxley Act, such as the cost of compliance and reliance on time-consuming manual tasks, are being exacerbated by the COVID-19 pandemic, as finance and audit teams are required to perform audit tasks remotely. “The tasks associated with SOX compliance … More

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Global WAN optimization market forecast to reach $1.4 billion by 2025

The WAN optimization market is expected to grow from $1,047.1 million in 2020 to $1,446.2 million by 2025, at a Compound Annual Growth Rate (CAGR) of 6.7% during the forecast period of 2020-2025, according to ResearchAndMarkets. Most cloud-based applications need good bandwidth and low latency for effective utilization. In large-scale WAN deployments, latency, bandwidth constraints, and packet losses are inevitable. WAN optimization enables enterprises and service providers to save money and reduce costs with reduced … More

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Global DX spending to grow 10.4% in 2020

Spending on the digital transformation (DX) of business practices, products, and organizations will continue at a solid pace despite the challenges presented by the COVID-19 pandemic, IDC reveals. Global spending on DX technologies and services is forecast to grow 10.4% in 2020 to $1.3 trillion. While this is notably slower than the 17.9% growth in 2019, it remains one of the few bright spots in a year characterized by dramatic reductions in overall technology spending. … More

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Number of active IoT devices expected to reach 24.1 billion in 2030

At the end of 2019 there were 7.6 billion active IoT devices, a figure which will grow to 24.1 billion in 2030, a CAGR of 11%, according to a research published by Transforma Insights. Short range technologies, such as Wi-Fi, Bluetooth and Zigbee, will dominate connections, accounting for 72% in 2030, largely unchanged compared to the 74% it accounts for today. Public networks growth Public networks, which are dominated by cellular networks, will grow from … More

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Over half of security leaders still rely on spreadsheets

Senior security leaders within financial services companies are being challenged with a lack of trusted data to make effective security decisions and reduce their risk from cyber incidents, according to Panaseer. Results from a global external survey of over 400 security leaders that work in large financial services companies reveal concerns on security measurement and metrics that include data confidence, manual processes, resource wastage and request overload. Issues with processes, people and technologies The results … More

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Less than a quarter of Americans use a password manager

A large percentage of Americans currently do not take the necessary steps to protect their passwords and logins online, FICO reveals. As consumers reliance on online services grows in response to COVID-19, the study examined the steps Americans are taking to protect their financial information online, as well as attitudes towards increased digital services and alternative security options such as behavioral biometrics. Do you use a password manager? The study found that a large percentage … More

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COVID-19 online fraud trends: Industries, schemes and targets

The telecommunications, retail and financial services industries have been increasingly impacted by COVID-19 online fraud, according to TransUnion. From a consumer perspective, Millennials have been most targeted by fraudsters using COVID-19 scams. Overall, the percent of suspected fraudulent digital transactions rose 5% from March 11 to April 28 when compared to Jan. 1 to March 10, 2020. More than 100 million risky transactions from March 11 to April 28 have been identified. “Given the billions … More

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