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Prosimo Unveils Cloud Cost 360, Empowering Enterprises to Conquer Cloud Network Costs

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Solving the Top 3 Challenges in Managing Cloud Network Costs and Business Growth Alignment
Summary:
Leveraging deep insights about every network flow across regions and cloud providers, Prosimo enables precise cost visibility for data egress, shared cloud-native infrastructure tools and security services.Enables cloud platform owners to chargeback to their application teams based on traffic usage, resources, and cloud-native identities such as tags, accounts, and logical groups.Implements cost control & higher quality decisions – makes it easier to route traffic across all available paths, such as cloud backbone, and private connections from digital infrastructure providers, such as Equinix and Telco partners.SAN JOSE, Calif., Oct. 25, 2023 /PRNewswire/ — Prosimo, a leader in Multi-Cloud Networking, is transforming the landscape of Cloud Cost Management with its Cloud Cost 360 suite, a groundbreaking approach that offers unparalleled insights into Networking costs, egress data charges and highlights significant cost savings achieved by effectively utilizing all available paths, such as cloud backbone and private connections built across clouds.

Network costs are 17% on average of overall cloud expenses and a top concern for cloud budget owners and FinOps. Traditionally, cloud cost platforms and Cloud native visibility tools have primarily focused on compute costs and overlooked the intricate details of networking expenses. Prosimo addresses this challenge by providing advanced visibility into networking costs within and across clouds.
Learn More:
See Cloud Cost 360 in ActionLive Discussion about Cloud Networking CostDownload Gartner Research:  Tame Data Egress Charges in the Public Cloud”Cloud networking costs are a new area for business to consider. Working with multiple cloud providers is right for most companies, but that opens them up to data egress charges,” said Andy Linham, Senior Strategist at Vodafone Business at Vodafone Business. “Observability and accountability are key to reducing the impact of these costs, and that’s where a full stack solution brings massive benefits.”
The Top 3 Gaps in Cloud Networking Cost Management
The growing complexity of configuring and managing cloud-native services leads to cloud waste and questions about optimizing cloud costs. Despite the plethora of visibility and observability tools, three key unanswered questions persist in current solutions.
How can I access my Cloud Network costs (by cloud account, resource, bytes/bandwidth, app, etc.)?Can a chargeback model be implemented for B.U.’s (by app, account, shared service – firewall)?While getting visibility is one thing – How do I remediate i.e., by enabling cost-effective traffic path optimization for applications running across different cloud providers?Unlocking Total Visibility and Cloud-Native Advantages
Prosimo excels in providing unmatched multi-cloud visibility by abstracting individual cloud provider intricacies and orchestrating cloud-native network resources. Positioned uniquely in the traffic datapath, Prosimo offers comprehensive visibility (L4-7) and streamlined connectivity, ultimately reducing time to value and saving on cloud costs.
“Cloud networking accounts for over 17% of the estimated monthly cloud expenses for enterprises. As an example, one of our recent customers, who was onboarded with several hundred VPC/VNETs, experienced network and data transfer charges exceeding $300K,” said Mani Ganesan, Head of Product, Prosimo. “This aspect is critical for cloud platform teams and Cloud FinOps, striving to understand, chargeback, and optimize costs while maintaining peak performance for cloud-based apps and services. Prosimo addresses this critical issue through its distinct ability to attribute every network flow to an app owner and optimize the paths they could take to minimize costs”. 
Join the discussion: ‘How to Tame Cloud Egress Cost’
Value #1: Get Cloud Native Visibility by Accounts, Regions, and Clouds
Prosimo dives deep into network flows, particularly from an app-centric standpoint, connecting them to respective application owners using cloud-native identities. This enables Cloud Teams to monitor usage patterns, track resource utilization, and gain valuable insights into data traffic. Consequently, this facilitates well-informed decision-making and efficient resource allocation.
Furthermore, it equips cloud networking leaders to answer critical questions such as optimizing resource spending, enhancing network compute efficiency for spokeless architectures and ensuring visibility into elements like Egress Charges, NAT gateways charges, and appropriate sizing of security architectures.
This high level of insight empowers cloud budget owners and FinOps teams, enhancing their understanding and forecasting capabilities related to cloud usage.
Value #2: Deploy a Simple and Accurate Chargeback for Cloud Environments
Prosimo simplifies cloud usage management by streamlining the complexities inherent in shared app usage. It excels in precise cost allocation to apps or units based on usage patterns, ensuring clarity for effective chargeback models – to different application teams, business units, etc. Prosimo enhances visibility into usage patterns, resources, and associated costs, which is crucial for optimal chargeback strategies. It tackles intricate cloud provider pricing, empowering app owners with actionable insights for cost-effective decisions.
Value #3: Use the Optimized Network Path for Cloud Application Traffic
Enterprises often overspend using the cloud provider’s pay-as-you-go model, especially when exceeding a modest 25 Mbps data transfer threshold, making private paths more cost-effective. However, these private paths (e.g. Enterprise WAN, Co-location providers) aren’t always fully utilized due to the lack of centralized control in managing various paths based on application and compliance needs.
Prosimo’s unique position in the data path offers a distinct advantage. By providing extensive visibility into user-to-app and app-to-app traffic, Prosimo effectively allows informed decision-making for optimizing networking expenses. It enables organizations to optimize costs by strategically leveraging private paths alongside public cloud backbones, taking regional and availability zone placements into account.
Unlock the potential of cloud cost optimization with Prosimo. Schedule a demo today to learn more about how Prosimo’s visionary approach can transform your cloud cost management. Plug our APIs into your existing cost dashboard and embark on a journey to drive down networking spend, utilizing private paths for maximal cost efficiency.
Resources
Prosimo Cloud Cost 360Gartner Research: Tame Data Egress Charges in the Public CloudJoin the discussion: ‘How to Tame Cloud Egress Cost’Connect with Prosimo
LinkedInTwitterAbout Prosimo:Prosimo delivers a simplified multi-cloud infrastructure for distributed enterprise cloud journeys. Companies innovate faster and remain in control with the Prosimo integrated stack. This stack combines cloud networking, performance, security, observability, and cost management—all powered by data insights and machine learning models with autonomous cloud networking to reduce complexity and risk. Cloud-forward enterprises, including F100, have adopted Prosimo to successfully roll out revenue-generating applications, improve operational efficiency, and accelerate positive business outcomes. Prosimo is venture-backed by marquee investors such as General Catalyst, WRVI Capital, and Blackrock. For more information, visit https://www.prosimo.io.
Media Contact:Mehul [email protected] 
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Grant Cardone Lists $42M Miami Mansion on Blockchain Real Estate Platform Propy

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American best-selling author, businessman, and investor chooses Propy’s onchain real estate platform to list Golden Beach, Florida, house.
MIAMI, July 2, 2024 /PRNewswire/ — Propy, a technology company revolutionizing real estate via blockchain and AI, today announced that high-profile American entrepreneur Grant Cardone has listed a Golden Beach, Florida, private property for sale on Propy’s blockchain-based real estate platform with an asking price of $42,000,000 accepting cryptocurrency. This marks the first venture into emerging technologies in proptech for Cardone, a serial founder, best-selling author, equity fund manager, and business and real estate investor. The home is listed on the Propy marketplace with the deed minted onchain.

Propy simplifies the home-purchasing experience and eliminates fraudulent transactions by using a decentralized title registry and an escrow settlement protocol for securely storing land records and facilitating transactions, as well as accepting or converting cryptocurrency if a buyer chooses this form of payment. Leveraging the immutability of the blockchain, Propy ensures that buyer and seller private information is secure throughout the transaction. Automating and bringing the entire process online and onchain enables closing on a property to be faster, easier, and more secure than the outdated, traditional real estate transaction model.
Commenting on the listing, Grant Cardone said, “We are all in on blockchain revolutionizing real estate. We are leveraging top-tier technology to make transactions seamless and unstoppable. This is the future of real estate, and we’re leading the charge!” 
The private address is minted on PropyKeys protocol – an onchain tokenized address market developed on the Base network (Coinbase Layer 2 on Ethereum). PropyKeys brings real estate onchain through NFT home addresses and aims to bring one million home addresses onchain by 2025. The Propy marketplace also grants prospective buyers the option to pay using Bitcoin or US dollars.
Natalia Karayaneva, Founder and CEO of Propy, said, “It is a privilege for us to be the platform of choice for high-end property sellers, enhancing our offering to our community of high net-worth individuals, investors, and crypto buyers. With Propy’s advanced blockchain rails, compliant crypto and dollar payments, and unwavering focus on privacy, our clients can confidently navigate the closing process. The inclusion of Cardone’s listing in BTC and USD on Propy, minted with our latest privacy deed feature, highlights our leadership in the intersection of real estate and crypto.”
Additional details on the Cardone property are available on Propy’s website. Interested parties should contact the listing agent for viewings and further details.
Natalia Karayaneva, Founder and CEO of Propy, is available for interview upon request.
About Propy:
Propy is a US-licensed title company and a pioneering platform leveraging blockchain and AI technology to facilitate seamless transactions of real-world assets (RWA), specifically focused on revolutionizing global real estate markets. As an industry leader, Propy specializes in providing secure and efficient solutions, ensuring an enhanced experience for buying and selling properties worldwide.
Website | Facebook | X 
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DataLend: Securities Lending Revenue Down 16% Year-Over-Year to $2.53 Billion in Q2 2024

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Global revenue declines year-over-year due to lagging equities performance in the U.S. and EMEA
NEW YORK, July 2, 2024 /PRNewswire/ — The global securities finance industry generated $2.53 billion in revenue for lenders in the second quarter of 2024, according to DataLend, the market data service of fintech EquiLend. The figure represents a 16% decrease from the $3.00 billion generated in Q2 2023.

Global broker-to-broker activity, where broker-dealers lend and borrow securities from each other, generated an additional $696 million in revenue during Q2, a 9% decrease year-over-year.
Regionally, equity revenue fell 33% in EMEA and 19% in North America compared to the same period last year. A 22% decline in fees in North America and a 23% dip in EMEA accounted for the majority of the decreased revenue. Equity revenue in APAC increased 8% thanks to a 13% increase in fees.
Global fixed income performance declined by 11% in Q2 year-over-year. While revenue from government securities was roughly flat, corporate debt revenue fell by 32%, a regression of a trend which saw corporate bonds running hot through much of 2022 and 2023.
In June 2024, the global securities finance industry generated $790 million in revenue for lenders. The figure represents a 11% decrease year-over-year from the $888 million generated in June 2023. Broker-to-broker activity totaled an additional $207 million in revenue in June, also an 11% decrease year-over-year.
The top five earners in June 2024 were Lucid Group (LCID US), Trump Media & Technology Group (DJT US), Canopy Growth Corporation NPV (CGC US & WEED CN), Beyond Meat Inc. (BYND US) and ImmunityBio Inc. (IBRX US). In total, the group generated $56 million in revenue in the month.
Bloomberg Terminal users can subscribe to EquiLend’s exclusive Orbisa securities lending data by entering terminal shortcut APPS ORBISA or clicking the following link: https://blinks.bloomberg.com/screens/apps%20orbisa.
About DataLend 
DataLend, the market data service within EquiLend’s Data & Analytics Solutions group, tracks daily market movements across more than 200,000 securities, covering $35 trillion in lendable assets and $2.6 trillion in on-loan assets for the securities finance market. www.datalend.com
About EquiLend
EquiLend is a global financial technology firm offering Trading, Post-Trade, Data & Analytics, RegTech and Platform Solutions for the securities finance industry. With offices in North America, EMEA and Asia-Pacific, EquiLend operates across various jurisdictions worldwide, adhering to the highest regulatory standards. The company is committed to excellence and innovation and is consistently recognized for its contributions to the industry. EquiLend is Great Place to Work Certified™ in the U.S., UK, Ireland and India and has been honored as the Best Post-Trade Service Provider Globally, Best Market Data Provider Globally and for its outstanding Diversity & Inclusion initiatives in the Securities Finance Times Industry Excellence Awards 2023. www.equilend.com
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Endpoint Security Market to Transcend USD 36.01 billion by 2031 Owing to Cutting-Edge Cybersecurity in Safeguarding Online Infrastructure| SkyQuest Technology

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WESTFORD, Mass., July 2, 2024 /PRNewswire/ — According to SkyQuest, the global Endpoint Security Market size was valued at USD 10.40 billion in 2022 and is poised to grow from USD 11.94 billion in 2023 to USD 36.01 billion by 2031, growing at a CAGR of 14.8% in the forecast period (2024-2031).

Organizations use advanced security solutions as their first line of defense in cybersecurity to protect their company network infrastructure. Market expansion is anticipated as Bring Your Own Device (BYOD) policies are implemented more frequently. For instance, the web threat intelligence detection XDR solution FortiXDR was introduced by Fortinet, Inc. BlackBerry Limited introduced the managed detection and response (MDR) service in a similar manner. Additionally, for endpoint security, Broadcom, Inc. has introduced Adaptive Protection. Solutions are heavily reliant on emerging technology, including cloud computing, artificial intelligence (AI), the Internet of Things (IoT), and others.
Download a detailed overview:
https://www.skyquestt.com/sample-request/endpoint-security-market
Endpoint Security Market Overview: 
Report Coverage 
Details 
Market Revenue in 2023 
$ 11.94 billion 
Estimated Value by 2031 
$ 36.01 billion 
Growth Rate 
Poised to grow at a CAGR of 14.8% 
Forecast Period 
2024–2031 
Forecast Units 
Value (USD Billion) 
Report Coverage 
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends 
Segments Covered 
Component, Enforcement Point, Enterprise Size, End-User and Deployment
Geographies Covered 
North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Report Highlights 
Updated financial information / product portfolio of players 
Key Market Opportunities 
Rising Number of Connected Devices
Key Market Drivers 
Rising trend of BYOD 
Segments covered in Endpoint Security Market are as follows:
ComponentSolutions (Endpoint Protection Platform (EPP) (Antivirus, Anti-Spyware/Anti-Malware, Firewall, Endpoint Device Control, Intrusion Prevention, Endpoint Application Control, Others), Endpoint Detection and Response (EDR)), Services (Professional Services (Training and Consulting, Integration and Implementation, Support and Maintenance), Managed Services)Enforcement PointWorkstations, Mobile Devices, Servers, Point of Sale Terminals, OthersEnterprise SizeLarge Enterprises, Small and Medium Enterprises (SMEs)End-UserGovernment & Public Sector, BFSI, Healthcare, IT & Telecom, Transportation, Education, Manufacturing, Retail & e-commerce, OthersDeploymentCloud, and On-PremiseRequest Free Customization of this report:
https://www.skyquestt.com/speak-with-analyst/endpoint-security-market
Large Enterprises Redefining Endpoint Security in Global Arena
The worldwide endpoint security market is shaped in large part by the size of the enterprise. The need for comprehensive and scalable solutions is generally driven by large organisations, whilst small and medium-sized enterprises (SMEs) prioritise cost-effective security measures that are suited to their specific needs. Market strategies and product development are influenced by this segmentation to effectively meet the diverse needs and budgets of organisations.
Large corporations have a great deal of influence in the global endpoint security market, owing to their sizable financial backing for all-encompassing cybersecurity solutions. By fitting by the artificial intelligence and machine learning technology as well as having the wide network infrastructure and following to regulation guidelines strictly, they hold an exclusive position to enhance ingenuity and expand market and at the same time set up security standards in the industry.
SMEs being small and financially limited create a big part of the world’s endpoint security demand driving demand for trustworthy, low-priced security solutions. Small and financially constrained firms need help protecting themselves from cyber threats as they tend to adopt new tech fast, yet they face higher risks of online attacks. This is due to SMEs are quick in adopting new technologies but are also at risk from online attacks.
View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/endpoint-security-market
Optimizing Performance through Strategic Deployment in Endpoint Security
Deployment in the worldwide endpoint security sector signifies the activities involving placing security systems into operation and orchestrating these solutions across various networks and gadgets. It is proverbial that deploying well means better protection from cyber-attacks, fewer weak points, more speed thereby preserving invaluable information for all organizations worldwide.
In the worldwide endpoint security industry, on-premises deployment gives users more control and customisation by installing security solutions directly on local servers and devices. This method is critical for companies with strict regulations on data security since it ensures that they adhere to legal requirements, directly control their sensitive information thereby upholding strong security and operational integrity.
In the worldwide endpoint security industry, cloud deployment uses remote servers to offer flexible, scalable security solutions. This approach is central in enabling organization to promptly respond to fresh dangers, reduce infrastructure budget and maintain reliable real time security on all endpoints as it is easy to incorporate, affordable and allows immediate updates.
Crucial Role of Enterprise Size and Advanced Deployment Strategies To turn Fruitful
Modern advanced security solutions are essential for safeguarding organisational network infrastructures in the quickly changing digital landscape of today. The increased spread of BYOD policies is driving demand for such cutting-edge solutions as Broadcom’s Adaptive Protection, BlackBerry’s MDR, and Fortinet’s FortiXDR. Advanced technology adoption, compliance, and scalability are key priorities for big enterprises, which use their large resource bases, while small and midsize businesses are pushing for good quality and affordable cybersecurity solutions. Efficient implementation, regardless of on-premises or cloud-based options, guarantees all-encompassing security and uninterrupted operations, providing defence against the continuously increasing risk of cyberattacks.
Related Reports:
Cyber Security Market
Network Security Market
Managed Security Services Market
Cloud Security Market
Application Security Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific. 
Contact:Mr. Jagraj SinghSkyQuest Technology1 Apache Way,Westford,Massachusetts 01886USA (+1) 351-333-4748Email: [email protected] Our Website: https://www.skyquestt.com/
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