IDG Contributor Network: Lending as a service (LaaS) and why it matters

The financial crisis of 2008 caused global shockwaves, wrecking businesses and wiping away thousands of dollars’ worth of individuals’ savings. World markets are still recovering to this day, and governments have enacted strong reforms to prevent a repeat occurrence. These new, stricter regulations have deeply changed the financial world. Along with shifts in consumer preferences, banks and lenders are now faced with a vastly different financing landscape.

Traditional financial services providers have tightened their lending requirements, leading to tougher barriers for regular customers to find funding. Whereas customers with weaker credit had few problems finding loans in the past, banks are now turning them away in droves. For many small business owners, this harder path to access financing through loans means that they are left with few channels to uncover the capital they need. However, developments in financial technology and online lending offer small businesses a new alternative in the form of lending as a service, or LaaS.

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CIO Cloud Computing

BrandPost: The Advantages of Infrastructure and Platform as a Service

It’s probably on your to-do list to design a go-forward strategy for your Infrastructure as a Service (IaaS) deployment. But it’s probably behind the 103 other things also on that list. At PC Connection, our experts will tell you that IaaS is the true foundation for shifting your infrastructure to a cloud computing platform. So how do you get started on the path to IaaS? Read on to learn more.

Many organizations want to free themselves from maintaining at least some of their IT infrastructure. Owning and maintaining a data center has physical and security requirements that are becoming increasingly complex to deliver. At the physical level, you need to maintain servers and storage arrays, as well as power sources, backup power supplies, and generators—not to mention enabling your business continuity plan. Additionally, IT executives are now obligated to take more ownership for compliance regulations like HIPAA and PCI that add additional demands to an already full IT agenda.

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CIO Cloud Computing


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India’s largest online ticketing service BookMyShow raises $81.5 million

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Bigtree Entertainment, the Indian company which owns the country’s largest online ticketing platform BookMyShow, has raised Rs 5.5 billion ($ 81.5 million) in its latest round of funding led by the US-based Stripes Group. The company, which is now valued at Rs 30 billion /($ 444 million), plans to use the funds to transform the ticketing portal into an entertainment platform.

BookMyShow originally started as a movie ticketing portal, but has expanded its offerings to sports, live events and plays. It is present in 350 towns and cities across the country and has also entered international markets such as Indonesia, the UAE, New Zealand and Sri Lanka.   Read more…

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IBM Launches Quantum Computing Service for Cloud Users

The Quantum Experience that is quantum computing platform of IBM is available now to the general public through the cloud platform of the company to access and run experiment on it.

IBM QuantemGreatResponder.com  IBM announces the launch of IBM Quantum Experience a platform that will be delivered to any desktop and mobile device. It will drive IBM’s hard work to redefine its view in the business. The company trusts that quantum computing is the future of computing and has the possibilities to resolve certain troubles that are not possible to resolve on today’s supercomputers.

Qubits are a quantum bit, the fundamental unit of quantum computing, different from classical computing. Qubits can be zero or one or both. The chance for superposition, being both a one and a zero, means that quantum computers can execute some workloads significantly more rapidly than classical computers.

“Quantum computers are very different from today’s computers, not only in what they look like and are made of, but more importantly in what they can do. Quantum computing is becoming a reality and it will extend the computation far beyond what is imaginable with today’s computers,” said Arvind Krishna, SVP at IBM Research. “This moment represents the birth of quantum cloud computing.”

IBM is permitting concerned clients to access a 5 qubit quantum computer, it’s called IBM Quantum Experience. The real hardware is in the IBM Research Lab in New York State. IBM is given a programming interface and the capability to run trial programs on a real quantum computer. IBM has produced its own quantum chip running at 5 qubits.  It is estimated that it could take a machine running between 50 and 100 qubits to surpass the potentials of today’s fastest supercomputers.

“By giving hands-on access to IBM’s experimental quantum systems, the IBM Quantum Experience will make it easier for researchers and the scientific community to accelerate innovations in the quantum field, and help discover new applications for this technology.”

IBM’s step to present the service is attractive because it permits common people to try out infrastructure that has usually been limited to highly confined research labs. Though researchers expand more powerful quantum computers, IBM wishes to know which applications and algorithms will be significant and useful to businesses, using what’s accessible now. IBM planned an arrangement system that allows tests run in sequence. After a job is executed, the service sends out the outcome of the trial in an email.

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Capgemini recruits Microsoft Azure in cloud service expansion push

CloudCapgemini has added Microsoft to its cloud services programme as it seeks to give a broader range of cloud services to more clients. Microsoft is the first in a number of vendors that CapGemini is seeking to add to its cloud service portfolio, it said.

Under the new Capgemini Cloud Choice with Microsoft scheme it will offer cloud advice, managed platforms and ‘applied integrated innovation’ services. Initiatives include OneShare, which speeds the testing and development of Microsoft Azure systems and offers to control costs through usage monitoring and resource scheduling.

A second mooted offering is SkySight, which is described as an ‘Azure-like’ private cloud which aims to help enterprises to speed up the installation of new applications. Capemini says it will help clients get value for money on managed services and fine-tune the configuration process.

A third scheme will create industry-focused IP offerings, such as a system tailored to the specific needs of the banking sector, based on the experiences of Capgemini’s own in house banking specialists. The domain expertise will be offered in all major industries, including pharmaceuticals, manufacturing and the health sector.

The cloud offering will cover all solutions encompassed within hybrid, public, hosted and private cloud services using Azure.

As part of the offering, Capgemini will align activities with independent software vendors and start-ups to create new ways of delivering integrated solutions. New ventures and start-ups will also benefit from the offering, Capgemini says, as partners will become a focal point for integrating new innovations into the Capgemini solutions portfolio.

The expansion comes after Capgemini subsidiary Sogeti reported that it managed to cut the costs of one client, Dutch postal service PostNL, by 20 per cent by migrating its IT services onto the cloud with Microsoft Azure.

“Capgemini helped us to define our roadmap to migrate more than 40 applications and now operates its Cloud Platform for us,” said Marcel Krom, CIO at PostNL. “We have reduced costs and gained flexibility in handling volume variances.”

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