Research Nester released a report titled “Cloud-Computing In Healthcare Market: Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the global cloud-computing in healthcare market in terms of market segmentation by application, by deployment, by service, by end user and by region.
The market for cloud computing in healthcare industry is anticipated to witness a significant CAGR of around 16% during the forecast period, i.e., 2019-2027. The market is segmented by application, by deployment, by service, by end user and by region, out of which, the end user segment is further segmented into hospitals, pharmacies, ambulatory centers, clinics and others. On the basis of end user, the hospitals segment is anticipated to hold the largest share in the cloud-computing in healthcare market as a result of increasing number of patients being admitted to hospitals. This can be attributed to growing prevalence of chronic health disorders among a large section of the population.
Get a PDF Sample for more detailed market insights:
Cloud computing market in North America is estimated to hold the largest share in the market for the healthcare industry. This can be credited to the high healthcare expenditure in the region. According to the World Health Organization, North America spent around USD 9,351 per capita on healthcare in 2016. The market in Asia-Pacific, however, is estimated to grow at the highest rate during the forecast period on account of rising developments in the healthcare industry and increasing adoption of advanced techniques in the region. The health expenditure per capita in China rose from USD 703 in 2015 to USD 761 in 2016 and is further anticipated to increase.
Technological Advancements In Healthcare IT Industry To Boost The Market Growth
Rising developments in healthcare IT industry is estimated to result in increasing requirement of cloud computing services in order to effectively store and manage clinical and non-clinical information. This is anticipated to significantly increase the growth of this market. However, the high cost of maintenance of cloud computing technologies might prevent healthcare services providers to use them, thereby limiting the market growth.
This report also provides the existing competitive scenario of some of the key players of the global cloud-computing in healthcare market which includes company profiling of Amazon (AMZN), Google (GOOGL), Microsoft (MSFT), IBM Corporation (IBM), Siemens Healthineers (SHL), Oracle (ORCL), Dell Inc. (DELL), Care Cloud, Athenahealth, Inc. and Clear DATA. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments.
Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
Can you Currently buy a Juul e-cigarette? That depends on what day of the week it is.
Earlier this week the FDA denied marketing authorization for Juul, which first started selling its e-cigarettes in 2015 (though it has operated under various company names since 2007). The FDA said the reason for the denial was that Juul “failed to provide sufficient toxicology data to demonstrate the products were safe,” ArsTechnica reports, and as such the agency could not complete its toxicology assessment. The FDA specifically pointed to “potentially harmful chemicals leaching from the company’s proprietary e-liquid pods” as a concern.
However, Juul pushed back—and secured a temporary win. In a court filing submitted to the US Court of Appeals for the DC Circuit, Juul called the FDA ban “arbitrary and capricious” and suggested the agency was succumbing to pressure from Congress. The federal appeals court then decided to block the FDA order, until it can hear more arguments on the issue.
The FDA’s denial and the subsequent stay are just the latest developments in a years-long battle between regulators and Juul. Back in 2018, the FDA launched an investigation into sales of Juul products to underage consumers, requested marketing materials from the company, and demanded that the company submit a plan for thwarting sales to teens. The following year, the FDA sent a warning letter to Juul over its claims that vapes were less harmful than traditional cigarettes. At some point, fruity-flavored e-cigarette pods were banned in the US.
The latest ban, if it ever goes into effect, would apply to the Juul device itself, a sleek vaping pen, and to four specific liquid cartridges, all of which are tobacco-flavored or menthol-flavored—those that mimic the flavors of traditional cigarettes. The denial from the FDA came just a couple days after the agency said it would also limit the amount of nicotine allowed in real cigarettes sold in the US.
Here’s some more news.
Instagram’s Age Crackdown
On Thursday, Instagram announced that it will introduce new tools for verifying users’ ages on the platform. When a user changes their birth date to put them over or under the age of 18, Instagram will now require them to verify the change. This means either uploading an ID, getting mutual friends to vouch for you, or uploading a selfie video. The latter option is being offered through partnership with the digital recognition company Yoti, which then scans the video selfie with its facial recognition tech to estimate the person’s age.
Instagram says its goal is to tailor the app differently for teens and adults, and ensure that those experiences are distinct. Despite those stated noble intentions, the move still makes privacy and AI experts nervous. After all, Instagram’s parent company, Meta, has a long history of data-sharing and privacy lapses.
For now, Instagram is testing the age verification requirement only with users in the US.
Microsoft Ditches Controversial Emotion-Detecting AI
On Tuesday, The New York Times reported that Microsoft will remove features from its Azure cloud computing platform that use facial recognition software to track the physical attributes and even emotions of people in images. It’s been a controversial feature, criticized for its potential to be both biased and inaccurate.
Microsoft’s no stranger to dubious ethical situations. In 2018 it came under fire for using the Azure platform to work with ICE, the US Immigration and Customs Enforcement program. But now, Microsoft seems eager to get out ahead of the criticism. The move to reign in Azure came as part of Microsoft’s newly released Responsible AI Standard, a document it says will guide the way the company uses AI in its products.
Investing about 15-20 per cent of your portfolio in US markets makes a good investment strategy against two major risks – rupee depreciation and inflation. It also works well with aligning financial goals to future Dollar goals – higher education for children, a destination wedding, international holidays, purchasing real estate overseas.
Diversification does not only equate to minimisation of risk. The US Markets offer investment opportunities among the top companies of the world. One need not limit themselves to corporates that operate within the same geography and actually include megaliths that have the largest market capitalization in the world.
As a beginner, here are some sectors that one may consider investing in the US stock market.
Banking and Financial Services
It’s no wonder Warren Buffett loves bank stocks. The legendary billionaire investor has more than $80 billion of the $330 billion Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) stock portfolio invested in this one industry.
The reason is simple: Bank stocks possess many of the Buffett must-haves. First, banks serve an important societal need that will never go away. Second, banking business models are relatively simple to understand. Third, despite the health of many banks improving dramatically since the 2008 financial crisis, some bank stocks are trading at a bargain — a key indicator that now is the best time to invest.
Pharmaceuticals and Biotechnology
Early-stage biotech companies are prone to wild swings in revenue due to going from nearly no revenue to having a significant revenue stream once a drug is approved or a partnership with another company is reached. That means that growth numbers have to be thought of more as indicative of the company having achieved some sort of breakthrough regarding where they were with research, corporate partnerships, or other events in their corporate lifecycle, rather than how you’d normally think of growth.
Generating alpha: For firms seeking organic growth through outperformance, adopting alternative data sets and Artificial Intelligence (AI) have proved to be a differentiating factor for generating additional alpha.
Enhancing operational efficiency: Firms will continue to deploy AI and advanced automation to continuously improve the efficiency of their operations. Beyond this, firms can transform these traditional cost centres into AI-enabled “as a service” offerings.
Improving product and content distribution: Customer experience is a new battleground and AI is helping advisors to generate more insights, customise content more effectively, and deliver it to clients with greater agility and speed.
Managing risk: AI is a game changer for risk management. AI equips firms with the tools to bolster compliance and risk management functions, augment and automate data analysis, and anticipate and manage ambiguous events.
AI is created through machine learning, which involves training a system with huge amounts of data. It then uses the trained system to make inferences about new data it’s never seen.
The simplest example is a system designed to detect objects in images. Images with those objects are provided to the system, which “learns” how to detect those objects in other images. The more objects in images it detects, the more accurate the detection system becomes.
Companies employ artificial intelligence in two main ways. Many tech companies use AI to make their existing operations more powerful such as through high-profile applications, including robotics, self-driving cars, and virtual assistants. Google, a subsidiary of Alphabet (NASDAQ:GOOGL), (NASDAQ:GOOG), uses AI to filter out spam for Gmail users. Amazon (NASDAQ:AMZN) uses AI to recommend products to customers, while Netflix (NASDAQ:NFLX) uses AI to guide content creation and recommendations.
These are companies that serve the cloud and help make it run. They supply the software, the hardware, and services needed to keep the cloud going. Companies like Dell Technologies and Intel are part of this group. They own the biggest data centres and control the flow of information across the cloud. These include companies like Meta (formerly Facebook), Alphabet (Google’s parent company), Apple, Amazon.com, and Microsoft.
Another faction of cloud computing includes cloud service companies. They are the major players delivering information and services across the internet – often they are offering services that weren’t possible before the internet developed, or have migrated their services to be internet based. Salesforce.com and Netflix.com are examples of web-based businesses that rely on the cloud for their primary business model.
(Author is Co-founder, DollarBull Fintech Platform empowering Indian investors with global investing solutions)
E-Triangle start-up has won the first prize of the ‘Clean Tech Innovation Challenge 2022’ for using artificial intelligence and cloud computing.
E-Triangle start-up has won the first prize of the ‘Clean Tech Innovation Challenge 2022’ for using artificial intelligence and cloud computing to upgrade conventional energy management systems.
Greenovation, Pakistan’s first plastic waste to energy recycling start-up, got second position while the third prize was awarded to RSA, which used remote sensing to evaluate the air quality index, said a news release on Thursday.
Final award ceremony for CleanTech Innovation Challenge 2022 was held here at the National Incubation Center and attended by Federal Secretary of Information Technology & Telecom Mohsin Mushtaq and officials from IT ministry, board members of Ignite, startups, and other stakeholders.
The cleantech innovation challenge 2022 is one of its kind initiative which invited pitches and ideas that facilitated in building a sustainable and eco-friendly future.
The thematic areas of the 2022 competition included load forecasting, predictive maintenance, demand management, energy theft, customer and consumption insights.
Addressing to the prize distribution ceremony, Federal Secretary Mohsin Mushtaq said,”the idea of seeking innovative solutions from diversified subject experts is to establish a supportive mechanism which focused on problem solving of modern day challenges from energy consumption to climate restoration.
” “It is integral for us to find out contemporary solutions to problems which will affect our environment.
This CleanTech Innovation Challenge is an opportunity to foresee the problems and to come up with solutions which can be environment friendly,” said Ignite Chief Executive Officer Asim Shahryar.
CEO Ignite also presented the new research and innovation framework through which grants would be provided to challenge innovation projects and technology transition projects after going through a merit-based evaluation process.
He said Ignite would be launching more competitions in cyber security, robotics, and health tech during the next financial year.
“CleanTech Innovation Challenge was first of its kind competition which will support us to take our idea further, said one of the participants.
The challenge received a total of 322 submissions out of which 57 teams made it to the second round.
These 57 teams competed against each other and the final 13 were given the opportunity to present their ideas to the jury from which top three winners were selected.
Lexmark, a global imaging and IOT solutions leader, today announced it has been named a leader in cloud print services by global print and market insight research firm, Quocirca.
In its Cloud Print Services Market Landscape 2022 report, Quocirca identified Lexmark as a leader based on its continued investment in the enhancement and expansion of its cloud services offerings, including Lexmark Cloud Print Management and Cloud Fleet Management solutions.
“Being recognised by Quocirca as a leader in cloud print services demonstrates our commitment to the continued development of our extensive cloud offering,” said Brock Saladin, Lexmark senior vice-president and chief commercial officer. “Our investment in innovation and new technologies continues to provide Lexmark customers with the industry-leading products and solutions they expect from us.”
Quocirca highlights Lexmark’s IOT-enabled features that provide partners and SME customers with enterprise-level insight and functionality, including predictive service alerts and algorithms, which notify users of supply and replenishment.
In naming Lexmark a cloud print leader, Quocirca highlights Lexmark’s entire portfolio of cloud solutions:
The Lexmark Cloud Bridge connectivity suite pairs data with digital twin technology to power sophisticated algorithms that ensure system uptime and availability, delivering simplicity directly to customers.
Lexmark Cloud Print Management enables authenticated users to send and print documents from any computer, tablet or smartphone and retrieve them from any enabled Lexmark device.
Lexmark Cloud Fleet Management provides Lexmark partners with tools to expand print service capabilities and manage customer accounts remotely.
Lexmark Cloud Print Infrastructure as a Service gives customers a modern secure print infrastructure, not just the devices, through subscription-based options.
Quocirca director Louella Fernandes said: “As organisations ramp up their digitisation journeys and remote working becomes a permanent feature for many, cloud initiatives are set to accelerate through 2022 and beyond. Quocirca believes Lexmark is well positioned to serve this market need and we have named them a leader in our 2022 Cloud Print Services Market Landscape.”
Data cloud specialist Snowflake has launched a cybersecurity workload that aims to enable cybersecurity teams to better protect their enterprises with the Data Cloud.
Using Snowflake’s platform and an extensive ecosystem of partners delivering security capabilities with connected applications, cybersecurity teams can quickly gain visibility and automation at cloud-scale.
Organisations today are faced with a continuously evolving threat landscape, with 55% of security pros reporting that their organization experienced an incident or breach involving supply chains or third-party providers in the past 12 months, according to Forrester. Current security architectures built around legacy security and information management systems (SIEMs) are not designed to handle the volume and variety of data necessary to stay ahead of cyberthreats. With legacy SIEMs imposing restrictive ingest costs, limited retention windows, and proprietary query languages, security teams struggle to gain the visibility they need to protect their organizations.
With Snowflake’s Cybersecurity workload, customers gain access to the power and elasticity of Snowflake’s platform to natively handle structured, semi-structured, and unstructured logs. Customers are able to efficiently store years of high-volume data, search with scalable on-demand compute resources, and gain insights using universal languages like SQL and Python, currently in private preview.
With Snowflake, organisations can also unify their security data with enterprise data in a single source of truth, enabling contextual data from HR systems or IT asset inventories to inform detections and investigations for higher fidelity alerts, and running fast queries on massive amounts of data. Teams gain unified visibility across their security posture, eliminating data silos without prohibitive data ingest or retention costs. Beyond threat detection and response, the Cybersecurity workload supports a broad range of use cases including security compliance, cloud security, identity and access, vulnerability management, and more.
TripActions, the leading all-in-one travel, corporate card, and expense management solution, is investing in its long-term cybersecurity data strategy with the Data Cloud.
Prabhath Karanth, senior director of security, compliance & trust, TripActions, said: “With Snowflake as our security data lake, we are able to simplify our security program architecture and remove data management overhead.
“Snowflake has been vital in helping us gain a complete picture of our security posture, eliminating blind spots and reducing noise so we can continue to provide user trust where it matters most. Deploying a modern technology stack from Snowflake is a pivotal piece of our cybersecurity strategy.”
Snowflake is heavily investing in its extensive ecosystem of partners to transform the security industry and enable customers to choose best-of-breed applications that fit their needs. Snowflake integrates with partners including Hunters, Panther Labs, and Securonix to deliver industry-leading cybersecurity capabilities to customers with the Data Cloud using connected applications.
Snowflake’s modern security architecture allows customers to gain control of their data, leverage pre-built content and security capabilities on top of their existing Snowflake environments, and utilize a single copy of data across cybersecurity use cases. With Snowflake’s Data Cloud, tightly integrated connected applications, and data from providers on Snowflake Data Marketplace, Snowflake is pioneering a new standard architecture for security teams looking to achieve their security goals.
Snowflake Ventures, which focuses on investing in companies that help accelerate and augment the growth and adoption of the Snowflake Data Cloud, has already invested in Hunters.ai, Lacework, Panther, and Securonix. These investments have helped drive product alignment to further eliminate security data silos and enable data-driven strategies for joint customers.
Omer Singer, head of cybersecurity strategy, Snowflake, said: “Snowflake is leading the security data lake movement, helping defenders bring their data and analytics together in a unified, secure, and scalable data platform.
“With Snowflake’s Cybersecurity workload, we further empower security teams in the Data Cloud so that they can collaborate with diverse stakeholders and succeed in their vital mission to protect the enterprise.”
Sachin Nayyar, CEO, Securonix, said: “Snowflake’s Cybersecurity workload is a natural fit for Securonix’s open approach to security analytics, enabling joint customers to respond to cyberthreats faster, at cloud-scale.
“Supporting Snowflake as a connected application and partner allows us to give customers the control and cost-efficiency they want, coupled with the advanced threat detection and response capabilities they need.”
Pallavi Damle, VP of enterprise cybersecurity, Netgear, said: “With access to all of the data sources in Snowflake as our security data lake, we have better correlations across multiple attack surfaces and analytics are automatically actionable.
“And as a result, it has led to faster incident response from our side.”
Almost half of organizations surveyed by the Linux Foundation and edX plan to bump up their open source hiring over the next six months.
IT professionals adept at working with open source technology will find some healthy employment prospects ahead. In a report released on Wednesday, the Linux Foundation and online course provider edX revealed that employers are having a tough time finding people skilled in open source, leading them to not only increase hiring in this area but pay existing employees to obtain open source certifications.
Among the respondents, 93% said they’re bumping into difficulty trying to find qualified people with open source skills. As a result, almost half of the employers plan to increase hiring of open source pros over the next six months. On the flip side, almost three quarters of the open source professionals surveyed revealed that they’d be able to find a new job pretty easily if they decided to leave their current position.
Employers are trying different tactics to retain open source professionals, including higher salaries and bigger bonuses. More than 65% of the open source pros surveyed said that a higher salary would prevent them from leaving their current job. In the past, lifestyle benefits would also be used to try to keep qualified employees. But with the shift to remote and hybrid work, financial incentives are a greater lure.
Paying for certifications is another option for organizations looking to hang onto skilled workers. Some 90% of the employers would pay for employees to obtain certifications, while 81% of the professionals plan to add certifications this year. Among the employers, 69% said they’d be more likely to hire an open source pro with a certification, revealing that prior experience is less critical as long as someone proves they have the skills to do the work.
With open source projects under strict deadlines, 43% of the hiring managers are training internal employees. But 41% are turning to external consultants, even though it’s a more expensive option. Only 16% of those surveyed said they would delay a project due to lack of sufficient skills, showing that such projects are being prioritized even if they require costly help from outside.
Among the open source skills desired in an employee, cloud and container technology is the one most in demand this year as 29% of the employers are looking to hire people with these talents. This demand fits with the 68% of companies who said that their use of the cloud grew over the past year. Linux skills are also needed in open source professionals given that Linux enables much of cloud computing.
Of course, cybersecurity is also always in demand. Security skills are the fourth area desired among open source pros, behind the cloud, Linux and DevOps. Among the professionals surveyed, 77% said they’d benefit from further training in cybersecurity, showing that more work is needed to effectively protect an organization’s assets.
IBM and the All England Lawn Tennis Club have revealed new ways in which Wimbledon fans around the world can experience The Championships digitally, powered by artificial intelligence (AI) running on IBM Cloud and hybrid cloud technologies.
Co-created by the All England Club and IBM for Wimbledon.com and the Wimbledon app, the new features join a comprehensive suite of digital fan experiences – including the IBM Power Index with Watson, IBM Match Insights with Watson and Personalised Recommendations and Highlights Reels – all designed to help global audiences stay more informed and engaged with players, matches and the tournament.
New features for 2022 include:
• ‘Win Factors’ brings enhanced explainability to ‘Match Insights’: Building on the existing Match Insights feature of the Wimbledon app and Wimbledon.com, IBM is providing an additional level of explainability into what factors are being analysed by the AI system to determine match insights and predictions. Win Factors will provide fans with an increased understanding of the elements affecting player performance, such as the IBM Power Index, court surface, ATP/WTA rankings, head-to-head, ratio of games won, net of sets won, recent performance, yearly success, and media punditry.
• ‘Have Your Say’ with a new interactive fan predictions feature: For the first time, users can register their own predictions for match outcomes on the Wimbledon app and Wimbledon.com, through the Have Your Say feature. They can then compare their prediction with the aggregated predictions of other fans and the AI-powered Likelihood to Win predictions generated by IBM.
The Wimbledon digital features are underpinned by IBM Watson and leverage a hybrid cloud approach – using a combination of on-premises systems, private clouds, and IBM Cloud – enabling increased flexibility and efficiency. IBM Cloud provides the foundation and scalability for these digital experiences. It hosts and processes data from matches that is fed into AI models built using IBM Watson Studio and IBM Watson Discovery to produce insights for fans, commentators and media.
Alexandra Willis, communications & marketing director, The All England Club, said: “Leveraging technology to help fans become more informed, engaged and involved throughout the Wimbledon Fortnight is at the core of our strategy to ensure we are leveraging innovation to keep Wimbledon relevant and deliver outstanding digital experiences for fans, wherever they may be. In partnership with IBM, we are thrilled to bring an even more dynamic and interactive digital experience to fans around the world this year as Wimbledon returns to full capacity. Core to these experiences is our ambition to help fans get closer to Wimbledon by understanding which players to follow and analyse, and inviting them to get involved with new match predictions and insights features, alongside our extensive scoring, news and video content across our channels.”
Kevin Farrar, sports partnership leader, IBM UK & Ireland, said: “The digital fan features on the Wimbledon app and Wimbledon.com, beautifully designed by the IBM iX team and powered by AI and hybrid cloud technologies, are enabling the All England Club to immerse tennis lovers in the magic of The Championship, no matter where they are in the world. Sports fans love to debate and we’re excited to introduce a new tool this year to enable that by allowing people to register their own match predictions and compare them with predictions generated by Match Insights with Watson and those of other fans’.”
As the Official Technology Partner of The Championships for the past 33-years, IBM has developed solutions to modernise and streamline workloads, and delivered innovative digital experiences to engage sports fans around the world through IBM iX, the experience design arm of IBM Consulting. Leveraging the same technologies IBM uses with businesses across industries and around the world, Wimbledon continues to accelerate innovation and improve the digital fan experience. The full suite of IBM-powered digital experiences on Wimbledon.com and the Wimbledon App includes:
IBM Power Index with IBM Watson
An AI-powered analysis of player performance to help fans know who to follow beyond the most well-known, highly ranked players.
Uses IBM Watson Discovery and IBM Cloud to analyse performance data, mine media commentary, and measure player momentum.
Produces insights for fans including Ones to Watch and a Likelihood to Win probability.
IBM Match Insights with IBM Watson
Uses AI to generate a player factsheet for main draw singles matches, surfacing player insights, presenting the IBM Power Index and winner predictions.
Features an ‘In the Media’ section that leverages IBM Watson Discovery to extract key insights about players from trusted news sources.
Includes a ‘By the Numbers’ section that uses open-source AI to translate historical match statistics into player insights.
New this year – users can register their own predictions for match outcomes on the Wimbledon app and Wimbledon.com, through the Have Your Say feature.
Personalised Recommendations and Highlights Reels
Once a fan has decided who to follow via the IBM Power Index, they can stay updated through a series of personalised recommendations and highlights reels.
This enables fans to discover new players by making suggestions based on their current favourited players, the IBM Power Rankings, top players, country, and age.
Includes links to other features such as the IBM Power Index Leaderboard and Match Insights with Watson. If you are registered with myWimbledon, you will receive personalised highlights based on the players you are following.
The Championships, Wimbledon will run from June 27 to July 10, 2022. To see the technology in action, visit Wimbledon.com or download the Wimbledon app on your mobile device, available on the App Store and Google Play Store.
LONDON, June 21, 2022 — Rigetti UK Limited, a wholly owned subsidiary of Rigetti Computing, Inc. (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced the launch of its 32-qubit Aspen-series quantum computer in the UK. The system, which is Rigetti’s first UK-based quantum computer, will be available to its UK partners over the cloud through Rigetti QCS.
Delivering this system achieves a key goal of the Rigetti-led consortium to accelerate the commercialization of quantum computing in the UK. Rigetti is joined by Oxford Instruments, University of Edinburgh, Phasecraft, and Standard Chartered Bank in this initiative, and together will continue to advance practical applications in machine learning, materials simulation, and finance.
“We believe deploying our first UK-based quantum computer is a major step towards our vision to integrate QPUs into the fabric of the cloud,” says Chad Rigetti, founder and CEO of Rigetti Computing. “By enabling cloud access to our QPUs, we believe our UK partners and end users will be closer to unlocking the potential of quantum computing to address their most pressing problems and advance the UK’s vibrant quantum ecosystem.”
The consortium is backed by funding from the UK government’s Quantum Technologies Challenge, led by UK Research & Innovation.”
“This is the first time that we have been able to democratize technology at the scale that we can now, and access to the cloud is truly a fundamental accelerator for quantum computing applications. Rigetti’s 32-qubit Aspen-series system supports important financial modeling of applications such as option pricing with synthetic data encapsulating all possible scenarios in one learning exercise. Today’s announcement is truly a win for the UK’s position globally in quantum computing,” says Stuart Woods, Managing Director, Oxford Instruments NanoScience.
“Switching on this Rigetti quantum computer marks an important milestone for this project and the UK. We at Phasecraft are excited to expand our work with Rigetti and begin using this machine to test out our quantum algorithms for materials modeling. Working closely with cutting-edge quantum hardware is crucial for us to significantly reduce the timescale for quantum advantage in this critically important area,” says Ashley Montanaro, Phasecraft co-founder.
“The collaboration with Rigetti has been invaluable to our research activities in Edinburgh for developing realistic verifiable applications. Having access to Rigetti’s platform, with the full support from Rigetti software and hardware team, is the only way forward to close the gap between algorithms and machines which is the key challenge currently facing our field. I’m truly excited that the UK system will be live providing further collaborative opportunities with other R&D teams in the UK to expand the quantum advantage exploration endeavor,” says Prof. Elham Kashefi, Director of Quantum Software team at University of Edinburgh and QCS Hub.
“While quantum technology is maturing, Standard Chartered Bank is strategically upskilling their data science teams so that the Bank is future-proof and ready for the widespread benefits and disruption that quantum computing is set to bring. Standard Chartered and Rigetti are already experimenting with how quantum machine learning can improve volatility predictions in financial markets, and going forward are looking to explore large scale environmental, social and governance challenges. Ultimately, clients and footprint communities should benefit from the higher quality services and capabilities brought by quantum technology,” says Elena Strbac, Global Head of Data Science Innovation at Standard Chartered Bank.
“At the heart of this program is the development of truly transformational technology and we are delighted in the progress Rigetti is making. Rigetti is not only developing its technology in close collaboration with several UK organizations but also building business relationships which are already forming a capable supply chain. The deployment of both this computer and its associated cloud-access marks this event as not only as a major development milestone but also another significant step towards the UK being quantum-ready,” says Roger McKinlay, Challenge Director Quantum Technologies for Innovate UK, part of UKRI.
Furthering its work to advance quantum computing in the UK, Rigetti has also received two Innovate UK awards as part of the ISCF Commercialising Quantum Technologies Challenge. Rigetti will work alongside Riverlane to focus on syndrome extraction, a crucial step in addressing quantum error correction. Separately, Rigetti will work with Phasecraft and BT to develop quantum algorithms and software for solving optimization and constraint satisfaction problems.
Rigetti is a pioneer in full-stack quantum computing. The Company has operated quantum computers over the cloud since 2017 and serves global enterprise, government and research clients through its Rigetti Quantum Cloud Services platform. The Company’s proprietary quantum-classical infrastructure provides ultra-low latency integration with public and private clouds for high-performance practical quantum computing. Rigetti has developed the industry’s first multi-chip quantum processor for scalable quantum computing systems. The Company designs and manufactures its chips in-house at Fab-1, the industry’s first dedicated and integrated quantum device manufacturing facility. Rigetti was founded in 2013 by Chad Rigetti and today employs more than 160 people with offices in the United States, U.K. and Australia. Learn more at www.rigetti.com.
About Oxford Instruments NanoScience
Oxford Instruments NanoScience designs, supplies and supports market-leading research tools that enable quantum technologies, new materials and device development in the physical sciences. Our tools support research down to the atomic scale through creation of high performance, cryogen-free low temperature and magnetic environments, based upon our core technologies in low and ultra-low temperatures, high magnetic fields and system integration, with ever-increasing levels of experimental and measurement readiness. Oxford Instruments NanoScience is a part of the Oxford Instruments plc group. About Phasecraft
Phasecraft is a quantum computing company founded by Toby Cubitt, John Morton and Ashley Montanaro. We deploy advanced theoretical and mathematical techniques to develop quantum computing applications that significantly outperform their classical counterparts for important practical tasks. By focusing on real-world applications with significant impact, and combining theoretical advances with the development of novel algorithms and access to today’s best quantum computers, we aim to bring quantum advantage into reality in the near term.
About The University of Edinburgh’s School of Informatics
With over 500 academic and research staff and over 2000 taught and research students, the School of Informatics at the University of Edinburgh is one of the largest institutes of its kind in the UK and Europe. The research in the School of Informatics focuses on understanding how natural and artificial systems process, store and communicate information. The School is consistently ranked in the top 30 in the world for computer science. Prof Elham Kashefi leads the Quantum Informatics Research Group, the largest of its kind in the UK. The group specialises in the structure, behaviour, and interactions of quantum technology. Our expertise in control systems and algorithms help businesses to express, verify, and secure quantum computing applications. Our software capability expands quantum simulation, algorithms, optimisation, machine learning, cyber security, programming languages, benchmarking, testing, and verification techniques. The group plays a leading role in the UK Quantum Computing programme and are strongly integrated into UK national programmes through the QT Hubs, Innovate UK, and EPSRC, as well as EU and US funded flagship projects. More information on Quantum Informatics can be found here: https://web.inf.ed.ac.uk/quantum-informatics.
About Standard Chartered Bank
Standard Chartered Bank is a leading international banking group, with a presence in 60 of the world’s most dynamic markets, and serving clients in a further 85. Standard Chartered’s Corporate, Commercial and Institutional Banking Data Science Innovation team, with a proven research track record in quantum computing and machine learning/AI, has been active in quantum computing since 2017. SC Ventures is the Bank’s innovation, fintech investment and ventures unit, focused on developing an innovation culture and mindset, deepening capabilities and experimenting with new business models through an open platform and network of people and partnerships.
Riverlane’s mission is to make quantum computing useful far sooner than previously imaginable, starting an era of human progress as significant as the industrial and digital revolutions. To fully unlock the massive potential of quantum computing, we need a circa 10,000x increase in the size and reliability of quantum computers. We play a key role in achieving this by building Deltaflow.OS – the operating system for quantum computing. This starts with breaking through the biggest barrier to quantum computing today: quantum error correction. Doing so can accelerate the development of useful, fault tolerant, commercially viable quantum computers by up to a decade. Being hardware obsessed and commercially driven means we work closely with leading quantum hardware companies representing every qubit technology. We’re backed by venture capital funding from Molten Ventures, Cambridge Innovation Capital, Amadeus Capital Partners and the University of Cambridge.
Arrcus, a hyperscale networking software company and specialist in core-to-edge infrastructure, has announced that CoreSite deployed its Multi-Cloud Networking (MCN) solution to help enable CoreSite’s Open Cloud Exchange (OCX).
The Open Cloud Exchange is an enterprise network services solution that enables customers to deploy high-performance hybrid architectures in a quick, secure, and economical way. CoreSite is leveraging the ACE MCN solution to extend its software-defined networking platform through automating additional provisioning functionality within AWS and Microsoft Azure Cloud and direct cloud-to-cloud communication capabilities on CoreSite’s fully managed virtual routers.
Arrcus’ ACE MCN solution in CoreSite’s OCX went live in May 2022 in eight markets: Los Angeles, San Francisco Bay, Denver, Chicago, New York, Boston, Miami and Virginia. Since then, CoreSite has expanded availability to its two new data center markets – Atlanta and Orlando – and are executing against a roadmap to add additional leading cloud service and SaaS providers to the OCX, in addition to AWS and Microsoft® Azure Cloud.
CoreSite’s Open Cloud Exchange, supported by ACE MCN, enables enterprises to: • Rapidly scale and deploy new applications across multiple US markets using inter-market connectivity • Improve network performance and security with guaranteed private network isolation, throughput and lower latency compared to public internet connections • Increase speed to market and gain greater control and optionality • Recoup expensive cloud egress fees and redirect funds and internal resources to other business priorities
Shekar Ayyar, CEO and chairman at Arrcus, said: “Arrcus is delighted to have been selected by CoreSite for their OCX platform. Enterprises are looking for a seamless and secure hybrid cloud connectivity solution with the flexibility to rapidly scale up or down.
“The ACE MCN solution differentiated by our unique strength in routing is providing the OCX with secure hyper-scale performance, quicker time to market, and improved economics, giving their customers a competitive edge.”
The Arrcus ACE MCN solution enables highly available connectivity for workloads and data with hyperscale performance and security across any cloud, any region, and any site. Solution consists of ArcEdge – secure data plane software that leverages unique virtual routing capabilities with ArcOS and ArcOrchestrator for cloud-native orchestration that dramatically automates and shortens multi-cloud networking setup time from days to hours.
The programmability and flexibility of the Arrcus solution enable CoreSite to provision virtual routing services for customers in a matter of minutes, dramatically increasing agility and efficiency. Rapid and secure cloud connectivity is critical for businesses to succeed in today’s digital economy. The Arrcus solution enables CoreSite to provide integrated security and orchestration to gain greater control and increased speed to market. This results in their customers’ ability to recoup expensive cloud egress fees and redirect funds and internal resources to other business priorities.
Brian Warren, senior VP, development and product engineering at CoreSite, said: “We leverage Arrcus’ virtual routers in the CoreSite OCX to help enable our customers to quickly expand market reach and gain a competitive edge while lowering TCO.
“With just a few clicks in MyCoreSite, our service delivery platform, customers can quickly establish direct and secure virtual connections to multiple service providers and to the public cloud for rapid, automated provisioning.”