Bidness ETC - IBM and Deloitte work on data risk management

IBM and Deloitte work on data risk management system to overcome loopholes.

International Business Machines Corp. and Deloitte is firm that computers can comprehend to “financial regulatory guidelines” more rapidly and thoroughly than human beings.

Both the companies have designed a system that can solve complex regulations that deal with financial issues for governmental institutions allowing firms totally it with their own plans so that they can easily then meet up with the requirements.

This initiative is a result of collaboration between the two firms that will help in making financial institutes and other similar organizations work more fluently. The idea behind such a system is to come up with such techniques that will help these companies to come up with better risk management systems.

Risk management is primarily about comprehending, evaluating and mitigating about what are the shortcomings and loopholes in the firm's plans. In order to do so, it is required to assess the conditions that might cause the plan to fail along with the monetary repercussions associated with the damages.

Businesses have been facing immense pressure since the past couple of years where many public and private sectors are concerned about how firms evaluate access and combat potential threats. Risk management packages are also being offered by Oracle, SAS and SAP.

IBM who has already been working on data analytics and cloud computing believes that the recent advancements made in this domain can help organizations to evaluate risk factors in a more comprehensive manner.

Both the companies have collaborated to come up with a regulatory compliance along with a control service that can help in harnessing these technologies. Moreover, Deloitte already has ample experience in terms of regulatory intelligence and has also diploid IBM’s cloud computing expertise and big data analytics together in order to come up with the best possible services.

The mechanism is fairly simple but extremely smart. For example, the service will comprise of IBM’s cognitive computing Watson service which will then parse on the regulations. This will be done one paragraph to another so that organizations can easily skim through the mandates avoiding any shortcoming.

Hence in a nutshell, both the firms are working on ways that will help organizations in the long and short run to evaluate the potential risk factors. This will be done through IBM’s analysis technologies along with the financial expertise of Deloitte. Both the companies have come up with a system that will be very useful in the times to come. Risk management is extremely important considering the volatility of recent times.

Bidness ETC - Microsoft Failed To Surpass Amazon Web Services

Despite showing a 60 percent growth in the cloud infrastructure market, the company still trails Amazon to become the leader in this business.

Microsoft is one of the powerhouses in the information technology sector. The company has dominated for ages and has not given up on its lead in some segments yet. However, it has been going through a rough patch and has been facing serious competition from competitors in the smart phone market, cloud market, and the PC market as well. Recently, the company boasted about its cloud computing business. But the thing that the company needs to keep in mind that its business might be big, but it is not as big as Amazon’s. The cloud business of the Amazon Web Services is huge.

After nine years, Amazon revealed perfect earnings of its AWS business which shook the industry. The earnings speak for the company’s position in the sector and how ahead it is compared to the competition against Microsoft, IBM, and Salesforce.com. This shows that Microsoft has a lot more to catch up in order to keep up with the pace of Amazon. Despite the announcement that Redmond made regarding a growth by 60 percent in its cloud infrastructure, it is believed that Microsoft is on second only to Amazon as being the largest in the cloud market.

Not only Microsoft but Google has also shown significant growth in the cloud market in the first quarter of new fiscal year, yet the companies are trailing Amazon Web Services and it remains the dominant force after reporting $1.6 billion in revenues.

Amazon has grown mature with its cloud computing business platform and it has grown a lot in a short span of time. The cloud platform of the company is now known as a $5 billion dollar business in the market. All the big name companies such as Netflix and Expedia, as well as popular startups, are the customers of Amazon Web Services and not Microsoft Azure. The company has more than 1 million customers worldwide. However, the only company that seems to be catching up is IBM.

A Chief Analyst at Synergy Research Group stated “Across the full and varied spectrum of cloud activities there are now six companies that can lay a valid claim to having annual cloud revenue run rates in excess of $5 billion – AWS, IBM, Microsoft, HP, Cisco and salesforce – and all are able to claim leadership in different parts of the cloud market.” He further made it clear that no one comes close to Amazon. He said that if you compare the cloud businesses in the market, Amazon is well ahead of all peers and competitors.