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  • Darktrace CEO: People Are Going To Give a Hard Look At Cloud Security

    Darktrace CEO: People Are Going To Give a Hard Look At Cloud Security

    “People are going to really give a hard look at cloud security,” says Darktrace CEO Nicole Eagan. “At the end of the day, it also says when you have something of this scale why not use some artificial intelligence or something that could have spotted this. Actually what was done was pretty blatant. It was 30 gigabytes of data moving to unusual storage locations. So there were a lot of ways that something like an AI system could have detected this and also prevented it from becoming an issue.”

    Nicole Eagan, CEO of Darktrace, discusses how the Capital One cyber attack happened and how it could have been prevented, in an interview on Bloomberg Technology:

    People Are Going To Really Give a Hard Look At Cloud Security

    There is so much positive momentum around cloud and so many benefits that I don’t anticipate seeing a pendulum swing back to on-prem data centers (because of the Capital One cyber hack). What I do think it means is people are going to really give a hard look at cloud security. This attack was a result of a vulnerability known as a configuration error in a Web Application Firewall that was specific to Capital One. What it does show is these configuration errors are actually really very commonplace. They’re commonplace in on-prem data centers and in cloud.

    This does highlight a few things. It does highlight insider threats, someone who had some insider knowledge. It also highlights supply chain level security. At the end of the day, it also says when you have something of this scale why not use some artificial intelligence or something that could have spotted this. Actually what was done was pretty blatant. It was 30 gigabytes of data moving to unusual storage locations. So there were a lot of ways that something like an AI system could have detected this and also prevented it from becoming an issue.

    Capital One Attack Was Human Error

    Configuration errors are basically a human error. Somebody somewhere made a human error, a mistake. We have to expect that humans are fallible and we’re going to see those type of errors. What’s so strange about this one is how public the disclosure was by the attacker on Twitter and GitHub and other places. That was what made it so unusual but also meant that the investigation moved very quickly. It seems like there’s been quite a bit of transparency as well.

    It’s interesting timing because we’re actually going into Back Hat and DEF CON, which is often known as a summer camp for hackers. There will be literally tens of thousands of people in Las Vegas next week. All of this is going to change the conversation. We’re going to see a lot about cloud security, about 5G security, about encryption and decrypting data, and of course, the evolution towards AI-based attacks. 

    What’s interesting is that people want to kind of say let’s make sure we prevent the kind of attacks we saw in 2016 (regarding the election).  The reality is the way the cybersecurity industry works the attackers keep moving on. They keep changing what’s called threat vectors. I do think we’ll see plenty of threats for 2020 but they may not look anything like the ones we saw in 2016.

    People Are Going To Give a Hard Look At Cloud Security – Darktrace CEO Nicole Eagan
  • Lowe’s Goes the DIY Route For Software Development

    Lowe’s Goes the DIY Route For Software Development

    Lowe’s slogan is “do it right for less.” While that primarily applies to home repair and improvement, the company is also applying it to the world of software development.

    According to a report in the Wall Street Journal, Lowe’s is looking to retool its e-commerce solutions. The goal is to have 80% of the applications it uses be built internally by 2020. This will involve looking at their application portfolio and replacing commercial, off-the-shelf applications with custom replacements. This will involve hiring as many as 2,000 software engineers, data analysts and infrastructure specialists.

    As Mark Driver, research vice president at Gartner, Inc. told the WSJ, “we’re in an age where people have their clothes custom fit. The same thing goes with software; it’s about gaining that advantage.”

    This is just the latest move on the part of the home-improvement giant to modernize its IT infrastructure. Shortly after being hired as CIO, Seemantini Godbole told analysts and investors the retailer’s technology was “well behind leading retailers in terms of strategy, architecture, process maturity and capabilities.” Ms. Godbole helped unveiled a plan to invest $500 to $550 million per year through 2021, in an effort to modernize the retailer’s decade-old e-commerce system.

    The announcement by Lowe’s is just the latest in a solid growth trend for the custom software development market, as companies increasingly turn to custom solutions to achieve tighter integration, better performance and lower cost.

     

  • It Is a Multi-Cloud World, Says VMWare COO

    It Is a Multi-Cloud World, Says VMWare COO

    VMWare allows the datacenter to act like a public cloud,” says VMWare COO Sanjay Poonen. “It is a multicloud world. While AWS will be first and preferred for us, we want every customer that has VMWare in the private cloud but AWS, Azure, Google, IBM, and Alibaba, those are the top five hyperscalers, and all of them have embraced VMWare.”

    Sanjay Poonen, COO of VMWare, discusses the incredible growth of VMWare which is driven by their ability to connect companies to any and every cloud in an interview with Jim Cramer on CNBC:

    Software Is Defining Everything

    We had a great quarter. You have to put the bigger picture in perspective. We’re in the golden age of software where software is defining everything. Software companies, in general, are doing well. What we have done as a company is focus on making the datacenter software-driven and we think there is a bright future there. We showed some examples of that in hyperconverged  (HCI) and in software-defined networking (SDN). 

    We also showed some incredible momentum with our partnerships in the hybrid-cloud. Amazon is obviously first and preferred there. We announced a partnership with Azure. There is also the digital workspace which is all of the devices. We think our future is bright and we just have to keep executing. Our view is always the long-run. 

    In This Software Future We Are Not Tethered To One Company

    I think there is a little bit of a misperception that we should nip in the bud (regarding correlating Dell’s earnings with VMWare). First off, VMWare’s business with Dell in these areas like hyperconverged, we’ve now surpassed companies like Nutanix who are number one in hyper-converged infrastructure, and in the digital workspace where we are partnering with Dell Laptops, those are going very well. We want Dell and VMWare to do well together. In the datacenter we work with Dell, HPE, Cisco, Lenovo, etc. There is no one hardware player that is the majority of our business. 

    In cloud we work with AWS, Azure, Google, Alibaba, and IBM. You won’t find another company that has got as many hybrid-cloud partners. In the digital workspace, we work with Apple, Google, and Microsoft. In this software future, we are not tethered to one company. We are optimized to Dell, we are not tethered to them. You need a software-based solution for any of these areas, the datacenter, the cloud, or the digital workspace during tough times and in good times. 

    It Is a Multi-Cloud World

    You should think about applications like mobile homes. They’re going to move from the datacenter to the cloud on this freeway called VMWare. The mobile home could go to one cloud and may come back. VMWare allows the datacenter to act like a public cloud. We make the hardware datacenter look like Amazon. Now if you are an Amazon customer, and they have 30-35 percent market share, number one in the market for cloud, they are our preferred cloud partner, we can help customers. We have many customers who are adopting VMWare cloud in AWS. 

    For those customers who said we are not an Amazon shop, for example, we quoted Walmart in our earnings announcement, they are using Azure. They have an option now because we announced a partnership with Azure. There are some customers that are going to have some other clouds. It is a multicloud world. While AWS will be first and preferred for us, we want every customer that has VMWare in the private cloud but AWS, Azure, Google, IBM, and Alibaba, those are the top five hyperscalers, and all of them have embraced VMWare. 

    IBM is a great partner of VMWare. We love their services business. IBM Cloud has 2,000+ customers. We are going to partner really well with Ginni Rometty and the team. We compete with a small part of Red Hat’s business in containers. Over 80 percent of Red Hat’s business is Linux, a good part of their business which is OpenShift and JBoss, is not doing so well. The future of containers is a small part of the business. We can walk and chew gum. We can partner with IBM and compete with that small part of Red Hat and that’s our focus. We want a big tent at VMWare. We want to partner with as many people as possible and compete with as few people as possible. 

    Make Your Story Sesame Street Simple

    First off, if you want to serve your customers well start by serving your employees. One of my professors at the Harvard Business School, Len Schlesinger, wrote an article and book on service profit chain. What he talked about is if you want to create shareholder value focus not just on customer satisfaction but satisfied employees. Hug your start. Take care of the best and brightest who come in there. 

    The second one is something that all of us can do which is make your story Sesame Street simple. All too often, I see product managers and account executives blabbering on with PowerPoints. Let’s tell the story just like you are telling the story to your mother or to your kids. Ironically, when you make things simple you’re going back to the basic principals of Steven Covey, 7 Habits of Highly Effective People, or Dale Carnegie, How To Win Friends and Influence People. It’s not that complicated. Have customer empathy.

    It Is a Multi-Cloud World, Says VMWare COO Sanjay Poonen
  • Microsoft Makes Desktop Analytics Available Commercially

    Microsoft Makes Desktop Analytics Available Commercially

    Microsoft has announced the commercial release of Desktop Analytics, a “cloud-connected service that integrates with System Center Configuration Manager.”

    The software helps organizations “view into the endpoints, applications, and drivers” being managed. It also provides a way to “assess application and driver compatibility with the latest Windows feature updates and receive mitigation recommendations for known issues, as well as advanced insights for line of business apps.”

    Desktop Analytics replaces Windows Analytics, which Microsoft has slated for end-of-life on January 31, 2020.

    Microsoft says the commercial release of Desktop Analytics has the following new features and improvements:

    “Since announcing the public preview of Desktop Analytics, we made a point to deliver new features on a regular basis. For example, in August we helped streamline the workflow by eliminating the need to manually evaluate applications (such as system components published by Microsoft) that are known to be compatible with new feature updates. Then, in September, we delivered on one of our most requested features: The ability for customers to migrate existing data from Windows Analytics Upgrade Readiness to Desktop Analytics during the onboarding process.

    “In addition to these updates, the 1906 release of System Center Configuration Manager further integrated Desktop Analytics with phased deployments, which means you can automate your pilot and production deployments with the health insights from Desktop Analytics. Looking ahead, we’ll soon enable customers who have already onboarded to migrate their administrator data. And we’re constantly investing in longer-running service enhancements like performance and reliability improvements.”

  • SAP and Verizon Partnering to Develop Next-Gen IoT Analytics Solution

    SAP and Verizon Partnering to Develop Next-Gen IoT Analytics Solution

    SAP and Verizon have announced a collaboration to help applications process data where it is generated, thanks to Verizon’s network and SAP’s edge computing platform.

    Edge computing allows companies to reduce data processing time by processing the data collected by Internet of Things (IoT) devices at or near the data collection point, rather than sending it to a data center.

    Verizon’s 5G network, paired with SAP’s Leonardo Internet of Things and Edge Services and analytics, will give customers in the supply chain, field service management, assembly line and retail industries real-time data processing.

    “We are unleashing the next generation of cloud capabilities through global data centers, across the edge of the network,” said Eric Stine, Chief Customer Innovation Officer, SAP North America. “With data volumes growing exponentially and the capabilities of new wireless technologies like 5G to further expand the reach of IoT and enterprise computing, SAP and Verizon are uniquely positioned to drive a new class of data analytics, management and services at scale to help the world’s great companies create amazing customer
    experiences, and unlock new business models and monetization strategies.”

    “Our ability to integrate our ThingSpace platform into the SAP Cloud portfolio provides a secure and agile way to deliver instantaneous, end-to-end operational analytics at the edge while lowering the cost of IoT management,” said George Fischer, president, Global Enterprise, Verizon Business Group. “This combined solution is not just about massive IoT. We are also enabling computer vision, augmented reality, blockchain and machine learning using Verizon’s network. These are a truly comprehensive set of capabilities to help our customers better manage critical functions including asset lifecycles, supply chains, customer experiences, human capital and plant operations.”

  • Microsoft Looking For Help From Linux Developers to Port Edge to Linux

    Microsoft Looking For Help From Linux Developers to Port Edge to Linux

    Microsoft’s Edge web browser has received generally positive reviews, and has proven to be a worthy successor to Internet Explorer and a solid contender among modern browsers.

    In December 2018, Microsoft announced its intention to abandon EdgeHTML as the browser’s rendering engine in favor of Chromium, the same rendering engine Google Chrome uses. In the months since the announcement, Microsoft has worked on versions of Edge for Windows 7, 8 and 10, as well as Xbox One, macOS, iOS and Android.

    Now, Microsoft has teased the possibility of Edge making its way to Linux as well. Sean Larkin, a member of the Edge development team, took to Twitter to solicit feedback from Linux developers:

    “We on the @MSEdgeDev team are fleshing out requirements to bring Edge to Linux, and we need your help w/ some assumptions!”

    Larkin went to say that “if you’re a dev who depends on Linux for dev, testing, personal browsing, please take a second to fill out this survey!”

    If Microsoft successfully brings Edge to Linux, it could make life for Linux web developers easier, allowing them to natively test how their sites and web applications work in Microsoft’s latest browser.

    Here’s a link to the survey…

  • 5G Dramatically Accelerates Industrial Digitization, Says Qualcomm CEO

    5G Dramatically Accelerates Industrial Digitization, Says Qualcomm CEO

    “The total amount of economic impact of 5G in 2035 is going to be $13.2 trillion,” says Qualcomm CEO Steve Mollenkopf. “You can think of (the growth of 5G)  in two phases. One is a handset phase and the second one is a phase related to industries using 5G to accelerate digitization. They’re requiring the second rev of 5G. This is really about all the features to make high reliable factories. There are special features that we have put into the standard which will come out in a second, third, and fourth-wave over the next decade. 

    Steve Mollenkopf, CEO of Qualcomm, discusses the massive economic and transformational impact that 5G will have on consumers, industry, and Qualcomm over the next 15 years in an interview with CNBC:

    Total Economic Impact of 5G To Be $13.2 Trillion by 2035

    The serviceable available opportunity for 5G is going from $65 billion in 2019 to $100 billion in 2022. In really just three years, it grows a dramatic amount. It just gives you a sense of how important 5G will be to Qualcomm’s business. I also gave a number (at the company’s analyst day) that said the total amount of economic impact of 5G in 2035 is going to be $13.2 trillion. So 5G is going to be an important thing. Qualcomm really at this point does not have an opportunity problem.

    You should think of 5G (and how it impacts Qualcomm) in two phases. The first phase is essentially we make more money out of the existing cellular business just because it’s going to 5G. It’s going to go to 5G over the next decade. We will sell more expensive products and we get a bigger portion of the phone BOM in the products that we sell. Then, in addition, the technology that’s required in order to be successful in that market is also very important in other markets that are now taking on 5G. 

    Auto is the best first example of that. But there are many others behind it. We essentially have the ability to take the R&D that we’re producing in the smartphone space and leverage it multiple times for the benefit of the shareholders.

    Industries Using 5G To Accelerate Digitization

    Investors are really going to see it over the next two quarters for us and actually through the next year. If you look at our last earnings call we essentially gave I think a strong guide for our licensing business, which sits as a proxy for the Christmas season selling. Then we said we’re going to give a soft indication of what we thought the March quarter would be. We essentially said you’re going to see 5G start impacting our product business at that time. It’ll come in two phases during the calendar year. One at the beginning of the year and then another one in the second half of the year when some flagship launches launch in both places. 

    You can think of (the growth of 5G)  in two phases. One is a handset phase and the second one is a phase related to industries using 5G to accelerate digitization. Lucky for us, the handset phase, which is the first one, is probably the largest market and it’ll instantly happen. It will happen over the next decade starting next calendar year. In a month you’ll start to see that in the results of our business. You’re going to see that kind of play out over a long period of time as the handset market does now. 

    Then you go into these adjacent markets, the digitization and industrial. They’re requiring the second rev of 5G. There are multiple revs of the standard. The first one is based on handsets. The second one is really about all the features to make high reliable factories. We talked a little bit in the past about healthcare, gaming, and those things. There are special features that we have put into the standard which will come out in a second, third, and fourth-wave over the next decade. It’s that second wave which is really about the other industries besides the handset.

    5G Dramatically Accelerates Industrial Digitization, Says Qualcomm CEO Steve Mollenkopf
  • Big Tech Won’t Build Products That Are Part of the Kill Chain, Says Anduril Founder

    Big Tech Won’t Build Products That Are Part of the Kill Chain, Says Anduril Founder

    “I don’t think that Microsoft, Amazon, or any of these big tech companies are going to go all-in and say we are going to build products that are going to be controversial, part of the kill chain, and designed specifically for DoD,” says the founder of Oculus VR and Anduril, Palmer Luckey. “Because if it reduces their consumer enterprise sales by one percent or increases controversy by one percent it’s likely not worth doing.”

    Luckey added, “I don’t think that the United States leads in the technologies that are going to be relevant to the warfare of the future. I think that the US is falling behind in areas like autonomy and artificial intelligence.”

    Palmer Luckey, the founder of Oculus VR and Anduril, discusses how Anduril can compete and win against behemoth defense contractors and big tech in an interview on CNBC:

    Big Tech Won’t Build Products That Are Part of the Kill Chain

    No, (I don’t think Microsoft is a rival to Anduril). Actually, I think that we’re going to be doing a lot of work with Microsoft on a lot of this stuff. You’re not going to have one company owning everything anyway. I’m glad that Microsoft and Amazon are vigorously competing for this Jedi contract. Contrast that with Google that dropped out because they said they couldn’t be sure the government was going to abide to their internal corporate ethics principles. I think that there’s a big difference though between what Amazon and Microsoft are doing with Jedi and what we’re doing. Microsoft has said that the military will always have access to their best technology and that’s true. But they also are selling to everyone. They’re building a product that’s for everyone.

    Everything that we’re building is specifically for the Department of Defense. We’re not going out there and saying, let’s resell the thing where we make 90 percent of our money in the consumer or the enterprise space. We’re going to say what do they need and what is the absolute perfect thing? I don’t think that Microsoft, Amazon, or any of these big tech companies are going to go all-in and say we are going to build products that are going to be controversial, part of the kill chain, and designed specifically for DoD. Because if it reduces their consumer enterprise sales by one percent or increases controversy by one percent it’s likely not worth doing.

    US Is Falling Behind In Autonomy and Artificial Intelligence

    In China, you have lots of new companies doing defense work and lots of consumer technology companies doing really strong defense. China has a very strong pipeline from new tech to military deployment. I think the United States knows that they can learn a little bit from that and that they’re going to have to if they’re going to keep up with our adversaries who are honestly much better at that innovation pipeline than we are right now.

    I think that we lead right now especially when it comes to conventional military force and when it comes to conventional military operations. I don’t think that the United States leads in the technologies that are going to be relevant to the warfare of the future. I think that the US is falling behind in areas like autonomy and artificial intelligence. I think that China has structural advantages over the United States because they’re willing to surveil their entire population and use it as a training system for their artificial intelligence models. I’m not saying that we should do that. I’m very much against that in fact. But we do have to realize that China has certain structural advantages.

    In China, the government by law is able to take any technology they want from the private sector and use it for military purposes. In the United States, we’re lucky that our companies are even able to say I don’t want to work with the government. I don’t agree with Google’s decision to pull out of the Jedi contract, for example, but I am very supportive of their right to do so. Again, I’m not saying we need to be more like China on this. I think that would be terrible. But we do have to recognize that there are structural advantages in what they’re doing and so we have to not just do the same thing they’re doing. We have to try new things, better things, and alternate routes where they don’t really have such a strong advantage.

    Lockheed, Raytheon Do Not Have The Best New Tech Talent

    I think our (smaller) size actually works in our favor. If it was a big landscape of smaller highly competitive players I think we actually would have a harder time raising money. As it is investors look and they say, hey, the whole field is dominated by a handful of players that make all of the money. They’re old, they’re very slow-moving, they don’t have all the best talent. That type of market is the one where you can believe the most that somebody can come in and disrupt it.

    We’re a defense technology company first. We’re not a consumer technology company dabbling in defense work. We from day one said what can we develop that really helps the US Department of Defense and that helps keep America and our allies safe. That’s why we’re building artificial intelligence powered hardware and software. I think that we have a few big competitive advantages. The first thing is that we have a really strong team that comes from areas where the experts in autonomy, computer vision, machine learning, networking, those types of things, actually are. 

    Lockheed, Raytheon, the traditional defense primes, they’re good at building aircraft carriers and good at building fighter interceptors but they do not have the world’s best talent when it comes to artificial intelligence, computer vision, and machine learning. That’s why our company is focusing on that. We think we can add a lot of value there that other people cannot necessarily add.

    Big Tech Won’t Build Products That Are Part of the Kill Chain, Says Anduril Founder Palmer Luckey


  • DataWallet Puts You In Charge of Your Data, Says CEO

    DataWallet Puts You In Charge of Your Data, Says CEO

    “DataWallet is basically a digital wallet that holds all of your personal data,” says DataWallet CEO Serafin Lion Engel. “If Twitter was to give you a DataWallet you would see exactly all of the data that you create on Twitter. At the end of the day what DataWallet does is put you in control of your data. What it cannot do is protect you from anything that may happen illegally. So if Twitter really tried to cover up the fact that they were collecting their two-factor authentication data in order to advertise to you it wouldn’t show up but it would be all the more of a scandal.”

    Serafin Lion Engel, founder and CEO of DataWallet, discusses his mission of putting consumers in control of their data in an interview on CNBC:

    DataWallet Puts You In Charge of Your Data

    DataWallet is basically a digital wallet that holds all of your personal data. If Twitter was to give you a DataWallet you would see exactly all of the data that you create on Twitter. You would see all of the data you created yourself that they have collected about you through third-party vendors. Then you can see all of the use cases that they use that data for and you can actually set permissions for how exactly your data can be used. You can download your data and you can delete data. It puts you in full control of the data that you have created on the Twitter platform.

    At the end of the day what DataWallet does is put you in control of your data. What it cannot do is protect you from anything that may happen illegally. So if Twitter really tried to cover up the fact that they were collecting their two-factor authentication data in order to advertise to you it wouldn’t show up but it would be all the more of a scandal.

    Data includes anything that you post, your IP address, your email address, what device you are on, etc. It’s all-encompassing. Twitter also buys a lot of data about you in order to enrich their targeting capabilities. They may buy data from Acxiom about, for instance, your financial situation, whether you have applied for credit or not all in order to more accurately show advertising to you.

    Corporate Trust Is Rooted In How They Use Your Data

    We work with a lot of companies in the advertising industry because a lot of companies do want to do things differently. In ad tech, they are pretty upset about the fact that a lot of companies are doing things that are unethical and they do want things to change. We work with companies in CPG, in consulting, and in a variety of different industries.

    It definitely is a tough sell to companies that try to do things with your data that they would rather not have you know about. There are a lot of companies that in the past have been good data custodians and have not gotten any credit for that. They have not gone out on a limb in order to monetize their users’ data even though they could have. Up until about two years ago, it was not a hot topic, nobody was really paying attention and companies were making a lot of money selling their consumers’ data. 

    However, the companies who have been good data custodians and who have said we do not want to do anything that our consumers wouldn’t give us expressive consent to do with their data are jumping on board with what we’re doing right now. They’re the ones reaping the benefits because consumers will switch to companies that are putting them in charge of their data. Over 87 percent of customers say that the amount of business they do with a company depends on how much they trust it. That trust is rooted in how they’ve used their data.

    New Regulations Don’t Cover Data Usage

    The regulations in California and Nevada are very much focused on the sale of data, which is still a good thing. You can now issue an opt-out request for companies to not sell your data. However, it doesn’t cover usage. If, for instance, you wanted to direct the company to stop using your data for internal marketing purposes you wouldn’t be able to do that. Any data privacy regulation that is intended to put consumers in control of their data is a good thing. However, we also have to take into consideration that a lot of companies like Facebook and Amazon are really profiting from this because they are not a third party vendor. They have their own data and that really benefits them.

    DataWallet Puts You In Charge of Your Data, Says DataWallet CEO Serafin Lion Engel.
  • I Want Every American To See The Transformative Impact Of 5G, Says Verizon CEO

    I Want Every American To See The Transformative Impact Of 5G, Says Verizon CEO

    “We pride ourselves with the best network,” says Verizon CEO Hans Vestberg. “We have had that all the time in 4G and we’re going to have it on 5G. We’ve invested very prudently with our network, but network is our strategy and it has been that since the inception of the company. At Verizon, we’re proud of it. I just want every American to have a 5G phone in their hands and see the huge impact it will have in a transformative way that 5G will make in this country.”

    Hans Vestberg, CEO of Verizon, discusses his desire for every American to soon experience the huge transformative impact that 5G will have in an interview on CNBC at The Allen & Company Sun Valley Conference:

    I Want Every American To See The Transformative Impact Of 5G

    We have been on to 5G for seven years now. We were first in the world to launch 5G Home broadband. We were first in the world with 5G mobility. We now have four cities up and we’re going to have 30 cities this year. We have three 5G phones already out. So we, of course, are ahead of the game but we respect all the competition. We pride ourselves with the best network. We have had that all the time in 4G and we’re going to have it on 5G. 

    We’ve invested very prudently with our network, but network is our strategy and it has been that since the inception of the company. At Verizon, we’re proud of it. That’s important to us. I just want every American to have a 5G phone in their hands and see the huge impact it will have in a transformative way that 5G will make in this country.

    We’re In the Middle Of a Very Big Transformation

    It’s always been a competitive market. I mean the wireless market in the US is extremely competitive. It’s nothing new to us and we are prepared. We’re in the middle of a very big transformation of the company. We have changed the network, we have a new go-to-market, and we have a voluntary offering where almost 10,400 people are leaving us. So we are prepared. Whatever comes up Verizon will respond quickly and we will manage our shareholders or customers or employees and society in general. That’s our work.

    It’s a very exciting market to be in with mobility and broadband and 5G and all of that. Of course, there is a lot of hype and discussion about it and the US is in the lead with it. It’s an exciting time to be here and work. We will compete. I think that we already have the best 4G network and we’re ready with being first in word with 5G. We will just hammer on and execute. I have a great team that is doing that every day. Our main focus is really to execute right now and then a lot of things will happen around us.

    Regulation Of Tech Is Difficult

    First of all, we understand the concerns (around big tech) and all of that. Ultimately, we need to remember that mobility, broadband, and cloud, that combination is a 21st-century infrastructure. If you can scale that you can actually solve problems in the rest of the world that you have never thought about. If we start to chop that up by regulation we cannot give the same opportunities for everyone in this world. So that’s very important. 

    Secondly, I think the technology is moving so fast that if you do regulation, it’s just moving so fast that it’s hard. I think it’s up to responsible leaders and ultimately the customer will be after you if you do stupid things. We’re building our brand on trust and innovation. We know that we need to fight every day to get that trust and one thing you do wrong you lose the trust. That has to regulate and that’s more important in the end.

    I think that regulation is difficult in the tech sector and customers will ultimately judge them. I’m worried that if you’re going to have different regulations all around the world for platforms, for example, which means that the officials that were getting from them today, that people can get digital health care and digital educational platforms, we’re going to lose that. With the sustainable goals that we have in the world, we want everybody to have the same chance. I think that would be bad.

    I Want Every American To See The Transformative Impact Of 5G, Says Verizon CEO Hans Vestberg
  • Digital Transformation Is A Strategic Priority For Every Company, Says ServiceNow CEO

    Digital Transformation Is A Strategic Priority For Every Company, Says ServiceNow CEO

    “What’s happening is that digital transformation is a strategic priority for every company,” says  ServiceNow CEO John Donahoe. “If you can’t compete digitally you can’t succeed. ServiceNow is one of the core strategic digital transformation partners for increasingly virtually every company around. Companies are focusing on how can they deliver better experiences to their customers, better experiences for their employees, and drive real productivity growth.”

    John Donahoe, CEO of ServiceNow, discusses how digital transformation has become the key strategic priority for every company in an interview with Jim Cramer on CNBC:

    Digital Transformation Is A Strategic Priority For Every Company

    What’s happening is that digital transformation is a strategic priority for every company. If you can’t compete digitally you can’t succeed. ServiceNow is one of the core strategic digital transformation partners for increasingly virtually every company around. I was in Europe and met with several customers and some of our big partners and they aren’t focusing on macroeconomics they aren’t focusing on Brexit. 

    They’re focusing on how can they deliver better experiences to their customers, better experiences for their employees, and drive real productivity growth. ServiceNow is one of their core platforms that enable all three.

    Cross-Functional Workflow Is the Wave Of the Future

    I inherited a wonderful company from Frank Slootman, a company that had enormous potential. My role over the last three years has been to try and bring us up into the C-Suite and begin to pull us outside of IT. The reason for that is employees don’t really care if their issues are IT or HR or finance. Historically, software has been very siloed. Cross-functional workflow is the wave of the future. That’s what digitization enables. I’ve gotten us started to do that.

    However, with our next CEO, Bill McDermott, there is no one in the world who was operated more across all the major buying centers in the enterprise. He knows all the functional software and all seams that exist. There’s no one in the world that has greater C-Suite relationships than Bill McDermott. He’s going to take this even to the next level.

    Digital Transformation Is A Strategic Priority For Every Company – ServiceNow CEO John Donahoe
  • Huawei In Talks to License 5G Tech to U.S. Companies

    Huawei In Talks to License 5G Tech to U.S. Companies

    Huawei may have found a way around a ban on exporting its equipment to the U.S. that went into effect in May 2019. According to Reuters, the telecommunications equipment company is in talks to license its 5G tech to U.S. firms.

    The company has repeatedly been accused of having backdoors in its equipment and software—backdoors the Chinese government allegedly uses for spying. Huawei has denied the allegations, but that has not saved it from being on a U.S. blacklist. Although the U.S. has not been successful in persuading all of its allies to similarly ban Huawei, the equipment company is still looked suspiciously by many Western powers.

    Vincent Pang, senior vice president and board director, told Reuters “there are some companies talking to us, but it would take a long journey to really finalize everything. They have shown interest,” he added, although the conversations are in the very early stages.

    Although the State Department has previously voiced skepticism about carriers being willing to license 5G tech and assume the cost of bringing it to market, the option may prove more desirable than the alternatives. European companies, such as Nokia and Ericsson, are more expensive than Huawei. There is also no U.S. 5G provider for carriers to fall back on. Licensing Huawei’s tech could give carriers an advantage by giving them more complete control over their network equipment, allowing them to fully optimize it for their needs.

    As Zak Doffman at Forbes points out, Huawei may have another motive making its tech available for licensing.

    “In offering to open its code to U.S. diligence, Huawei would make it impossible for security hawks to allege such hidden backdoors,” writes Doffman. “This then became the twist—Huawei isn’t embarking on an exercise in friendly bridge building to Trump or others in Washington. This is a major game of “call my bluff,” an attempt to call out a situation Huawei believes is politically motivated and not rooted in facts. If the U.S. believes what it says, the hypothesis runs, then it will take up the offer and prove its point. If it doesn’t, then the accusations that have been made have nothing to do with security or technology.”

    In what seems like a never-ending battle between Washington and Huawei, it will be interesting to see if these talks lead to an easing of restrictions.

  • OPPO Plans to Release the First Dual-Mode 5G Phone

    OPPO Plans to Release the First Dual-Mode 5G Phone

    OPPO has announced plans to release the world’s first dual-mode 5G phone before year’s end. The phone was announced at the Qualcomm 5G Summit 2019 in Barcelona, a fitting location as it will be powered by Qualcomm’s chipset.

    Dual-mode phones will be compatible with both SA and NSA networks. SA stands for standalone mode, where only 5G is used for data and signaling. NSA, in contrast, stands for non-standalone and uses LTE for some of the process, such as cell tower communication.

    In making the announcement, Henry Tang, OPPO’s Chief 5G Scientist said:

    “The unrelenting efforts from OPPO and other industry peers have paved the way for the rapid adoption of 5G, with users in select countries and regions already becoming early adopters of OPPO’s 5G smartphones. We hope our next-generation dual-mode 5G offerings will deliver a superior experience to more consumers in more markets globally, making 5G readily available to a wider consumer base worldwide.”

    According to Tang, OPPO is working with over a dozen global operators to accelerate 5G commercialization worldwide. The company plans to consistently introduce more 5G products globally.

  • Apple to Use Its Own 5G Modems in 2022

    Apple to Use Its Own 5G Modems in 2022

    According to Fast Company, Apple may have its own 5G modems ready for production as early as 2022, ending its reliance on Qualcomm.

    Apple has been trying to end its dependence on Qualcomm for some time now. Initially, the company switched to using Intel, while at the same time fighting a legal battle with Qualcomm over what it perceived to be unfair pricing. Ultimately, the two companies settled in April, followed by Apple promptly buying Intel’s 5G modem business.

    Apple is likely looking to leverage its purchase to create its own modems where it would have full control. As Fast Company reports, Apple initially worked with Intel in the hopes of producing a “system on a chip,” where a modem would be integrated into a single chip along with the other processors Apple uses in iPhones and iPads. Doing so would provide significant power and energy benefits. Ultimately, that partnership ended because of Intel’s inability to deliver.

    Now that Apple owns Intel’s modem business, the company will be free to continue its aspirations, without relying on other partners. Traditionally, Apple has always preferred developing its own chips. Prior to the switch to Intel, Apple partnered with IBM and Motorola to develop the PowerPC line of chips. More recently, the company has licensed ARM processors to create its A-series chips used in iPhones and iPads.

    Despite Apple’s expertise in chip design, sources told Fast Company that 2022 is an optimistic launch window. Once the chips are fabricated, they must still be rigorously tested to ensure they work with carriers’ networks. One factor in Apple’s favor is the individual likely leading their modem efforts. According to FactCompany’s source, Esin Terzioglu, Qualcomm’s former VP of Engineering, is probably in charge of the 5G team.

    Whether Mr. Terzioglu’s experience is enough to help Apple meet its goal remains to be seen.

  • Arm Holdings Opens Its CPU Cores to Allow Custom Instructions

    Arm Holdings Opens Its CPU Cores to Allow Custom Instructions

    Forbes is reporting that Arm Holdings has taken a major step toward helping its processors compete even better and make them more appealing to customers.

    Arm designs processors and then licenses those designs to companies for use in their products. ARM CPUs are used across the entire computing spectrum, although they are most widely used in mobile devices, such as phones and tablets.

    According to Forbes’ report, Arm announced that it is opening its CPU cores to allow licensees to add custom instructions via a special block that’s integrated into the CPU’s cores. This will allow licensees to optimize chips for power, energy, differentiation and reduced costs. Best of all, thanks to how Arm is implementing the custom instructions, the reliability, security and predictability of the processors is unaffected.

    This will be a boon to companies who want the benefits of utilizing an existing design—rather than starting from scratch—but need more customization than is offered by standard, third-party chips.

    The first chip with the new capability, the Cortex M33, is due out in 2020.

  • Alteryx Acquires Feature Labs, An MIT-Born Machine Learning Startup

    Alteryx Acquires Feature Labs, An MIT-Born Machine Learning Startup

    Data science is one of the fastest growing segments of the tech industry, and Alteryx, Inc. is front and center in the data revolution. The Alteryx Platform provides a collaborative, governed platform to quickly and efficiently search, analyze and use pertinent data.

    To continue accelerating innovation, Alteryx announced it has purchased a startup with roots in the Massachusetts Institute of Technology (MIT). Feature Labs “automates feature engineering for machine learning and artificial intelligence (AI) applications.”

    Combining the two companies’ platforms and engineering will result in faster time-to-insight and time-to-value for data scientists and analysts. Feature Labs’ algorithms are designed to “optimize the manual, time-consuming and error-prone process required to build machine learning models.”

    Feature Labs makes its open-source libraries available to data scientists around the world. In what is no doubt welcome news, Alteryx has already committed to continued support of the open-source community.

    From the Press Release:

    “Feature Labs’ vision to help both data scientists and business analysts easily gain insight and understand the factors driving their business matches the Alteryx DNA. Together, we are helping customers address the skills gap by putting more powerful advanced analytic capabilities directly into the hands of those responsible for making faster decisions and accelerating results. We are excited to welcome the Feature Labs team and to add an engineering hub in Boston,” said Dean Stoecker, co-founder and CEO of Alteryx.

    “Alteryx maintains its leadership in the market by continuing to evolve its best-in-class, code-free and code-friendly platform to anticipate and meet the demands of the 54 million data workers worldwide2. With the addition of our unique capabilities, we expect to empower more businesses to build machine learning algorithms faster and operationalize data science,” said Max Kanter, co-founder and CEO of Feature Labs. “Feature engineering is often a time-consuming and manual process and we help companies automate this process and deploy impactful machine learning models.”

  • Oracle Reveals $40 Million Investment in Chip Start-Up Ampere

    Oracle Reveals $40 Million Investment in Chip Start-Up Ampere

    Oracle recently announced an investment in chip startup Ampere. Ampere is run by Renee James, a former Intel executive who served as president of the company from 2013 till her departure in 2016, and currently serves on Oracle’s board.

    Ampere Computing develops microprocessors for cloud servers. Their processors are based on the chips designed by ARM Holdings, a rival of Intel and AMD. ARM processors, widely used in tablets and phones, are known for delivering substantial speed with minimal heat and power consumption.

    Ampere hopes to harness those qualities and apply their benefits to cloud servers. The goal is to produce cloud servers that provide “higher density and higher bandwidth, and with a significant reduction in power consumption and operating costs.”

    Now, in Oracle’s proxy, they have outlined the extent of their investment:

    “In April 2019, Oracle invested $40 million in an equity fundraising round for Ampere Computing LLC (Ampere), a developer of high-performance microprocessors for cloud and edge servers. Renée J. James, an Oracle director, is the Chairman and CEO of Ampere. Oracle has appointed one director to Ampere’s board. Oracle holds less than 20% of the outstanding equity of Ampere.

    “In fiscal 2019, Oracle paid Ampere approximately $419,000 for hardware used for development and testing purposes.”

  • Government Officials Urge Facebook to Create Encryption Backdoor

    Government Officials Urge Facebook to Create Encryption Backdoor

    In most cases, two plus two equals four. It’s simple math. The same is true of encryption. Devices and services are either protected by strong encryption or they’re not. There is no in-between.

    In spite of that, the UK Home Secretary, Priti Patel, joined U.S. Attorney General William Barr and Australian Home Affairs Minister Peter Dutton in an open letter urging Facebook to essentially create a backdoor in their end-to-end encryption.

    On the one hand, the government officials offer lip service to the need for strong encryption:

    “We support strong encryption, which is used by billions of people every day for services such as banking, commerce, and communications. We also respect promises made by technology companies to protect users’ data. Law abiding citizens have a legitimate expectation that their privacy will be protected.”

    However, those statements are undermined by what follows:

    “Companies should not deliberately design their systems to preclude any form of access to content, even for preventing or investigating the most serious crimes.”

    Unfortunately these statements, and others like them, demonstrate a dangerous lack of understanding about how encryption works or, for that matter, how basic math—the foundation of all encryption—works. Experts the world over have warned about the catastrophic dangers of creating backdoors in encryption here, and here, and here, and here, and here, and here and here (PDF).

    The last one was an open letter to the White House by civil organizations, companies, trade associations and a myriad of security and policy experts. These are individuals from such varied backgrounds that they rarely agree on anything. Yet the one thing they all agree on is that there is simply no way to create backdoors in encryption without fundamentally weakening said encryption. It simply can’t be done. There is no way to create a backdoor for the “good guys” to get into the phones, computers and tablets of the “bad guys” without the “bad guys” using those same backdoors to get into the devices of the “good guys.”

    At this point in the debate, people who want backdoors usually fall back to complaining about how strong encryption is making it possible for bad actors to “go dark,” using encryption to protect their activities from prying eyes. Therefore, the argument goes, the tech companies should be forced to make a backdoor in the interest of the greater good.

    By that logic, however, safe makers should be required to create a backdoor to every safe they manufacture in the event that whoever purchases it tries using it for nefarious purposes. Similarly, paper shredder makers should be forced to make shredders that can take the strips of shredded paper and recombine them into their original form. Otherwise, someone might use a shredder to destroy documents to cover illegal activity.

    What’s interesting about both of those examples is that, even without the manufacturers’ assistance, it’s possible to crack into a safe, as well as sort through strips of shredded paper and reconstruct documents. Is it a pleasant experience? No—but it’s possible.

    Similarly, even without backdoors in encryption, with enough computing power it is possible to break encryption or find ways to circumvent it. In the wake of the San Bernardino case, after the FBI tried to force Apple to unlock the perpetrator’s iPhone, the FBI was able to find a company that succeeded in unlocking the phone. Was it pleasant? No—but it was possible.

    Sometimes convenience for a few—in this case law enforcement—must take a back seat to the safety of the many. In other words, two plus two must equal four, unless a person doesn’t believe in basic math principles. Then two plus two equals five, or 13, or 127,309 or…

  • Adesto Announces Collaboration With Microsoft to Accelerate IoT Solutions

    Adesto Announces Collaboration With Microsoft to Accelerate IoT Solutions

    Adesto Technologies Corporation provides application-specific semiconductors and systems for the Internet of Things (IoT). In a press release today, Adesto announced it has joined Microsoft Azure Certified for IoT. This will allow customers to use Adesto’s SmartServer IoT on hardware and software designed to work with Microsoft Azure IoT services.

    Adesto’s SmartServer IoT is a multi-protocol industrial edge server that helps customers easily connect their industrial data to Microsoft Azure IoT. At the same time, SmartServer IoT eases the challenges that go with integrating existing control and management systems with new sensing, analytics and predictive AI, acting as a go-between for the myriad of non-interoperable protocols.

    From the Press Release:

    “With SmartServer IoT, we are bringing to bear 30 years of industrial communications and networking expertise to dramatically simplify deployment of advanced IoT applications and reduce total cost of ownership in industrial settings,” said Apurba Pradhan, VP product marketing and management, Adesto. “SmartServer IoT enables system integrators, application developers and OEMs to maximize legacy infrastructure investments while accelerating toward Industry 4.0. Microsoft Azure Certified for IoT validates our ability to jumpstart customers’ industrial IoT implementations with pre-tested device and operating system combinations.”

    “Microsoft Azure Certified for IoT extends our promise to bring IoT to business scale, starting with interoperable solutions from leading technology companies around the world,” said Jerry Lee, director of marketing for Azure Internet of Things, Microsoft Corp. “With trusted offerings and verified partners, Microsoft Azure Certified for IoT accelerates the deployment of IoT even further.”

  • Sandip Bhagat, CIO at Whittier Trust On Why This Is a Good Time For Tech Stocks

    Sandip Bhagat, CIO at Whittier Trust On Why This Is a Good Time For Tech Stocks

    “The scope of this regulatory oversight is changing. People used to focus on just consumer welfare and a price effect. That has now expanded to what harm you are doing to competitors and non-price effects. The scope is expanding, and some of these companies—this is Google, Amazon, Apple, Facebook—they have engaged in kind of favorable treatment of proprietary products.”

    Sandip Bhagat, CIO at Whittier Trust talks about why investors shouldn’t allow regulatory threats and investigations to scare them away from tech stocks, as well as his two top picks.

    When you talk about regulation, you have to talk at two levels: privacy first and then antitrust. Privacy may not be such an issue, and in a very perverse way, the large players here may actually come out winners because they have the scale to absorb the cost of meeting that regulatory compliance. They’re also multi-national in nature, even today, so the experience in Europe where the GDPR is already in place will stand them in good stead should it come to the U.S.

    Switching to the antitrust component of regulatory risk and one of the things that is being discussed is anti-competitive acquisitions, so I think they would come under attack. What happens in the worst case, there is a forced breakup. We put a very low likelihood for that outcome. But fines will come along the way. There will be rulings that say you give equal parity during search processes and displaying of third-party vendors and their products. All of those we think can be absorbed by these companies because of their free high cash flow margins.

    On Buying Tech Stocks Under Scrutiny

    Here are two really compelling reasons to think about technology stocks now and really for a secular future. One is macro in consideration, the other one is micro and fundamental.

    At the macro level, what is the environment? We have seen slower growth than normal after the global financial crisis and, as a result of that, interest rates are lower. Slow growth and low-interest rates help growth stocks. When growth is scarce, growth companies get rewarded with a higher multiple and low-interest rates help growth stocks because they have a higher equity duration and sensitivity to interest rates.

    On Microsoft’s Long-Term Value

    If there is one take away, it’s a stock to own for the long-term. It’s a great way to compound wealth. It’s indeed a vehicle for inter-generational wealth transfer. The company has rediscovered itself, moved away from a licensing model to a subscription model. Satya (CEO Satya Nadella) has reformed the company. While they’re making inroads in cloud computing, they are actually very unique in that they can play in the hybrid cloud solution space with a foot in on-premise software along with cloud-based application deployment.

    On Amazon’s Brand Loyalty

    It’s economic mode is based on scale, convenience and brand loyalty, which doesn’t get talked about much. People talk about the technology backbone of Amazon. But that brand loyalty, they’ve been able to convert that into greater user engagement and adoption and then monetized it with more and more transactions to gain a bigger share of the wallet.

    Sandip Bhagat, CIO at Whittier Trust On Why This Is a Good Time For Tech Stocks
  • VMware COO: We Have a Bigger Plan For Security

    VMware COO: We Have a Bigger Plan For Security

    “Fundamentally, we have a bigger plan for security,” says VMware COO Sanjay Poonen. “We felt it was the perfect time for us to come up with a disruptive play that was based on big data, was AI, and was cloud-based. There were only two companies doing it, CrowdStrike and Carbon Black. We felt Carbon Black was better integrated to us, had as good a product or better. We have a plan to integrate Carbon Black and make it intrinsic in a way that nobody else will do. We think this will transform the security industry that’s been broken today.”

    Sanjay Poonen, COO of VMware, elaborates on how they plan to transform security and lead the containers movement currently going on in digital transformation. Poonen was interviewed by Jim Cramer on CNBC:

    Containers Are A Movement Going On In Digital Transformation 

    When you look at these types of transformational moments going on in digital transformation, these happen once every 10 to 20 years. VMware is the company that invented the virtual machine and for the last 20 years, we’ve created a million jobs in that part of infrastructure. There is a movement going on in digital transformation right now called containers. We believe it’s our birthright to own that movement. There will be potentially tens of millions of jobs among developers created on top of this virtual machine. 

    Think of the virtual machine sort of like the ship and containers like the things on top of it. In the 1950s containers completely transformed ships and VMware created the ship. These containers are going to allow apps to be fundamentally transformed. We found as we thought about this that this was the right time to do it and it was our birthright to do it better than anybody else. Why not take those three thousand people in Pivotal and $750 million in revenue and turbocharge the next ten years of VMware, not just in virtual machines and virtualization in the path to the cloud, which is the first C, but the other C is containers. We think that’s a big part.

    We’re A Go-To-Market Machine

    Pivotal (is more valuable than the market initially believed) for two reasons. They’ve refactored their product which now sits completely on Kubernetes. If you don’t know what it is, it’s a sort of the big open-source container movement. And their go-to-market engine probably stuttered a little bit. But that’s what VMware does well. We’re a go-to-market machine. We’ll bring them in and accelerate this to our 500,000 customers. We feel good when we get a good product in the hands of our good go-to-market machine. I think we can accelerate it. 

    At VMware, no one person does it, it takes a village but also our partners like Dell and the ecosystem also. VMware has 75,000 partners who love us. We’re going to take this to those ecosystem partners. We have a big tent of system integrators and they’re excited about this. We branded the entire thing, that’s the other thing we’ve done pretty well. Tenzo, which is the Japanese word for containers, we’re doing big ads in New York, San Francisco, and London Airports. This is a play on the word VMware that says ContainerWare. We’re not changing the name of the company but we’re going big in containers and that’s the key message.

    We Have a Bigger Plan For Security

    Fundamentally, we have a bigger plan for security.  Let me just walk you through a quick understanding of the strategy. There are a lot of parallels with security and healthcare. My mom’s a doctor. Imagine you went to a doctor and you asked her how do you get well and she said you have to eat 5,000 tablets. Eating one every 30 seconds would take you a couple of weeks to do. That’s what the security industry is today. It’s 5,000 vendors, broken, with lots of different agents bloated on people’s laptops, lots of alerts showing up, and manual labor.

    We look at this and say there’s a fundamentally new way to do it, which is to make security intrinsic to your diet. You eat your vegetables, your fruit, you drink your water, brush your teeth, and that’s what we’re doing with security. We are making it part of our platform. 

    A Disruptive Play Based On Big Data, AI, and Cloud-Based

    We’ve been doing very well in network security around the NSX product but endpoint security and workload security we didn’t have much there. We had Workspace ONE, our AirWatch related product, and we found that many of these endpoint security players were kind of in a little internal turmoil. Symantec got bought by Broadcom. McAfee got bought by Intel and then was spun out again. We felt it was the perfect time for us to come up with a disruptive play that was based on big data, was AI, and was cloud-based.

    There were only two companies doing it, CrowdStrike and Carbon Black. We felt Carbon Black was better integrated to us, had as good a product or better, and we intend to acquire them. The acquisition hasn’t yet closed. We have a plan to integrate this and make it intrinsic in a way that nobody else will do. We laid that out at VMworld. We think this will transform the security industry that’s been broken today.

    VMware COO Sanjay Poonen: We Have a Bigger Plan For Security