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Killexams : IBM Initiate pdf - BingNews Search results Killexams : IBM Initiate pdf - BingNews Killexams : IBM board probes claims of fudged sales figures that led to big bonuses for execs

Exclusive IBM's board of directors has started an investigation into claims that its sales numbers were manipulated, leading to executives securing big bonuses. If the board fails to take any action, it may face a lawsuit to claw back millions of dollars from top staff.

In late March, just days before IBM was sued for securities fraud, the IT giant's board received a demand letter from attorneys representing shareholders.

The letter, according to sources familiar with the matter, asked the board to investigate allegations that later surfaced in the securities lawsuit: that the company, under former CEO Ginny Rometty and current CEO Arvind Krishna, deceived shareholders by unlawfully manipulating mainframe revenues in a way that misled investors and inflated executive bonuses.

Our sources tell us that if the IBM board fails to deal with the allegations, a derivatives lawsuit is expected to follow in which the plaintiffs will try to claw back millions of dollars worth of bonus payments made to executives.

A shareholder derivatives lawsuit is brought by shareholders on behalf of a corporation. It is filed against corporate leaders – company board members, officers, or others – alleged to have neglected their fiduciary duty.

We're told IBM's board has engaged a law firm to investigate the fraud allegations. If the board takes no action to address the supposed fraud, the plaintiffs should then be able file a derivatives claim in the company's name.

Assuming the court finds sufficient merit in the plaintiffs' claim to allow a derivatives case, and if the plaintiffs prevail, most of any damage award would belong to the company – which would benefit shareholders, but would not go to them directly.

A legal scholar who spoke with The Register on background for lack of familiarity with this specific case said it's unusual for shareholders to present the board with a demand letter because unless you can show the board is conflicted or acting in self-interest, shareholders generally aren't allowed to initiate a derivatives case.

IBM did not respond to two requests to confirm or deny the existence of the demand letter.

Buried on page 38 of a 10-Q filing with the SEC last week, however, Big Blue disclosed it had received and responded to such a missive.

"On March 25, 2022, the Board of Directors received a shareholder demand letter making similar allegations [to the securities class-action lawsuit] and demanding that the company's Board of Directors take action to assert the company's rights," IBM noted in the submission, a detail that so far has gone unreported.

"A special committee of independent directors has been formed to investigate the issues raised in the letter."

The securities fraud claim [PDF] against IBM was filed on April 5 in New York, on behalf of the June E. Adams Irrevocable Trust. It names as defendants not only IBM, but current and former corporate leaders including Rometty, former CFO Martin J. Schroeter (now CEO of IBM spin-off Kyndryl), current CFO James J. Kavanaugh, and current CEO Arvind Krishna.

Since the lawsuit was initially filed by law firm Milberg Coleman Bryson Phillips Grossman, LLC, it has been joined by at least five other law firms representing other IBM shareholders. In June, the court recognized Iron Workers Local 580 Joint Funds as the lead plaintiff.

The complaint contends that IBM between April 4, 2017 and October 20, 2021 "improperly and in violation of Generally Accepted Accounting Principles ('GAAP') embarked on a fraudulent scheme to shift billions of dollars in revenues from its mainframe line of business to its Strategic Imperatives and CAMSS line of business."

... a fraudulent scheme to shift billions of dollars in revenues from its mainframe line of business to its Strategic Imperatives and CAMSS line of business

CAMSS is an abbreviation for Cloud, Analytics, Mobile, Security and Systems, business segments that were designated as strategic imperatives by IBM's leadership. The complaint argues that IBM instituted a bonus scheme that rewarded execs and encouraged IBM salespeople for the sale of CAMSS products. As a result, revenue arising from mainframe sales got reclassified as CAMSS sales, which boosted bonuses even as it misled investors – by giving shareholders an untrue picture of the IT giant's sales performance – it is claimed.

The Register spoke with two former IBM sales employees who were unaffiliated with the litigation and had between them more than forty years of experience with Big Blue. They described manipulative sales reporting – not all of which is necessarily unlawful – as a common practice, not only at IBM but at other large enterprise software firms.

"Think of it as, like, the worst kept secret," said one, who described one way IBM salespeople adjust sales figures to their own advantage. "It all starts with the CRM system, the customer relationship management system. IBM uses SugarCRM, but they make it very easy when you get a deal.

"You go through a bunch of checkboxes and you check off which categories pertain to this deal and how much of it is services, how much of it is hardware, how much in particular is cloud-based or analytics. And this is the big thing with the CAMSS, right? To check off all the boxes pertaining to CAMSS and then you allocate a percent to that."

That is to say, you only have to assign a small part of the sales deal to CAMSS to record it as a CAMSS win.

The other described various dubious directives that salespeople had to comply with, which steered salespeople toward meeting management goals and discouraged rocking the boat.

For example, this individual described IBM Z Linux part number manipulation. "A very common practice was to create a duplicate part number," this former IBMer explained. "It's a unique part number but there's no difference in product or delivery."

That makes no difference to the customer, we were told, but the way products got categorized affected sales staff and executive compensation.

The issue before the court in New York is whether flexible accounting of this sort, to the extent it can be documented, violated the law or IBM misled investors. If IBM's board finds no corrective actions are necessary, a successful derivatives complaint could return millions paid in unwarranted executive bonuses to company coffers. ®

Editor's note: This article was updated to clarify that the demand letter was sent in late March, just before the securities lawsuit was filed in April, as confirmed by the 10-Q filing.

Tue, 02 Aug 2022 07:27:00 -0500 en text/html
Killexams : Plain-Sailing Future For Trade Finance Digitization

Trade finance is moving out of the paper age. But to fully leverage digitization, banks need to tear down data silos and standardize tools and procedures.

Trade finance, perhaps even more than other banking specialties, requires trust; there is inevitably a gap between shipment and delivery. Even today, trade finance remains dependent on hard-copy documents.

“Whether you are an importer or an exporter, if you are shipping something to another country you want to make sure that you get paid and you want to see original documents. You do not want to see a fax copy or a PDF,” says Joon Kim, global head of trade finance product and portfolio management at BNY Mellon. “The original document is really important.”

A Sampling Of Digital Trade Platforms

  • Marco Polo, powered by R3’s Corda distributed ledger technology platform, with over 20 banks worldwide
  •, using IBM’s blockchain platform and Cloud, plus Linux Foundation’s Hyperledger Fabric framework
  • Voltron, a coalition of over 50 banks and companies delivering a Corda-powered open platform for all LoC needs
  • TradeLens, which connects the entire supply chain ecosystem for containerized shipping, is jointly developed by IBM and Maersk and powered by Hyperledger Fabric
  • eTradeConnect, also powered by Hyperledger Fabric, is an Asia-Pacific consortium managed by the Hong Kong Monetary Authority
  • komgo, a live commodity trade finance platform built on the Quorum blockchain infrastructure
  • Vakt, a blockchain-based post-trade management platform designed for the oil industry, also built on Quorum
  • CargoX, which supplies on-chain bills of lading, based on the Ethereum network

That may be why trade finance has lagged behind other areas, such as cash management and retail banking, in adopting digital tools to streamline necessary communication between participants.

Yet with the need for coordination so great, trade finance would seem to be a natural for digitization of data. Digital tools can help prevent fraud, streamline transactions and provide deeper insight into client needs. If individual trade transactions were managed via electronic data exchange—not faxes, notarized documents, phone calls or scanned PDFs—they would be faster, less expensive to process and less liable to fraud.

Banks are increasingly seeking to leverage the advances made in retail and other banking sectors to Improve trade finance. “If artificial intelligence [AI] technology can review and authenticate [trade] documents,” Kim says, “we can begin to create a digital infrastructure from that.”

To date, however, the sector has created largely centralized ecosystems—what the International Chamber of Commerce calls “digital islands”—in which data flows freely within each network but not between them, requiring paper documents to bridge the islands. Swift’s digital bank payment obligation and MT 798 authenticated message service to exchange trade data have enjoyed only limited success, for example; as they are too bank focused, deterring corporates from signing up. Similarly, logistics providers with platforms to digitize the logistics process are not linked to the financial side of the transaction, as banks remain wary of offering private solutions beyond their control.

Daniel Gould, deputy CEO of Anglo-Gulf Trade Bank, believes that for banks to successfully commercialize digital technologies requires not just swapping new IT for old, but a wholesale shift in culture. “Without it, banks will not truly leverage the benefits that digital technologies can bring,” he says. “Some banks have gone further than others, changing organization structures and hiring different types of people to build different operating models.” But, he notes, “Most banks have contented themselves with just adding shiny front-end platforms, keeping all the messy legacies hidden behind.”

Safety First

Fraud prevention may be where digital documentation adds the greatest value. Gould explains that when a bank has trade-transaction data in digital form, it can compare that transaction to thousands of other trades: “Any unusual patterns in the data, that could signify fraud, would lead to automatic flagging for further investigation.”

The Know Your Customer (KYC) process is likewise a big issue for trade finance, given the number of parties that can be involved in a transaction. “Technology becomes a very important future contributor to addressing the due diligence issues we face,” says Kim. “Technologies such as AI, maybe working with a KYC registry, could create standardization and improved efficiencies in practicing documents in a more structured environment.”

Digitization helps turn data into insight, according to Kim. “We have plenty of data scattered around the business,” he says. With digitization, he adds, “We can ask, ‘where did that transaction go, how much was it, what was the financing, how many days did it take compared with the typical time frame?’ Once we analyze the data, we can make suggestions that can enhance the client experience.” Data analytics thus help banks better anticipate client needs­. “Imagine a scenario where a bank is able to predict when a client will need additional trade financing,” says Gould, “because, for example, there is a typhoon in Southeast Asia affecting the client’s supply chain and the client needs to quickly source the usual components from a different supplier.”

Make Blockchain Boring

But first, trade-data silos will have to come down; and tools and procedures will need to be standardized across geographies.

“Currently, there are many projects globally running with the aim of digitizing and simplifying trade,” says Haytham Elmaayergi, global head of transaction banking at Abu Dhabi Islamic Bank (ADIB). “One key solution,” he says, “is the blockchain.”

Blockchain, in theory, could connect the digital islands of trade finance; and with the hype of its early days fading, banks are taking it more seriously. Ben Singh-Jarrold, head of product marketing for R3, says he wants to make blockchain boring for corporate treasurers. “A corporate treasurer doesn’t need to know deeply about blockchain to access the business benefit,” he says. “They can go onto the app to issue a letter of credit [LoC], or initiate a payment negotiation with their suppliers and make it happen very quickly. They know they’re going to get paid, and there’s no friction when it comes to the paper chain later on.”

Technology companies are stepping up to help connect banks, businesses and third parties. The Marco Polo and Voltron trade networks are growing fast, with increasing corporate traction. “Over 50 banks and corporates tried Voltron,” says Singh-Jarrold. “There are similar numbers participating in Marco Polo, with major corporates like Daimler and Dürr publicly speaking about the business value of these transactions.”  Marco Polo went live with its first products in October, and Voltron was scheduled for preproduction beta by Christmas.

One big bank, ADIB, is creating its own solutions. Its projects include the ADIB Direct platform and the future launch of a supply chain platform that will make use of data available from anchors and vendors both, to finance their open-account trade transactions and include solutions that will digitize the scrutiny of trade documents via optical character recognition. ADIB is also working with Etisalat (Emirates Telecommunication Group) and seven other local banks on the launch of UAE Trade Connect, an online platform to streamline invoice checking, minimizing or eradicating duplicate invoice financing.

Aside from supporting banks’ digital trade-transformation strategies, technologies like the cloud, APIs and AI can help the banks develop new revenue sources, observers say. “APIs in trade finance simplify interactions but also enable the creation of new products and, potentially even more importantly, new trade ecosystems,” says Dave Murphy, international lead, financial services at Publicis Sapient.

One such new ecosystem that promises to boost Afro-Asia trade could result from the latest white cane sugar trade from Asia to Africa, carried out on the awkwardly named dltledgers blockchain platform by Africa’s Trade and Development Bank and Singapore’s Agrocorp. Such digital ecosystems promise increased connectivity to the fragmented trade community of importers, exporters, shipping companies, customs agencies and banks. Collaboration is key, and transformation within banks is not enough: Anglo-Gulf’s Gould believes that financial institutions need to work with their clients to help the latter leverage the “benefits of digital.” A similar transformative process also needs to occur on the client side—and indeed at other businesses—if they are not to find themselves marooned on digital islands.

Mon, 09 Dec 2019 05:10:00 -0600 en text/html
Killexams : AWS ups security for Elastic Block Store, Kubernetes service No result found, try new keyword!Amazon’s cloud platform is extending security capabilities for a couple of its widely used services; Amazon Elastic Block Store (EBS) and Amazon Elastic Kubernetes Service (EKS). This latest support ... Wed, 27 Jul 2022 05:04:34 -0500 en-us text/html Killexams : Enterprise Content Management Solution Market to Witness Huge Growth by 2027: Hyland, IBM, Laserfiche

This press release was orginally distributed by SBWire

New Jersey, USA — (SBWIRE) — 07/07/2022 — The latest study released on the Global Enterprise Content Management Solution Market by AMA Research evaluates market size, trend, and forecast to 2027. The Enterprise Content Management Solution market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.

Key Players in This Report Include:
Microsoft (United States), OpenText (United States), Hyland (United States), IBM (United States), Laserfiche (United States), Box (United States), Oracle (United States), SAP (Germany), DocuWare (United States), Xerox (United States)

Download demo Report PDF (Including Full TOC, Table & Figures) @

Enterprise content management resolution is that the solution managing all the phases of content that initiate at the stage of content creation, storage, multiple versions, delivery, archival, and disposal as per regulated laws wherever the firm operates the company policies of the organization. the thrust behind implementing an ECM resolution in an enterprise is to try and do business with efficiency and higher. By eliminating the dependency on paper documents and organizing unstructured data in line with business needs, organizations are sceptered to work additionally with efficiency

Market Trends:
– Product Innovation and Introduction of New Technologies like Machine Learning and Internet of Things (IoT) to Make the Enterprise Content Management Solution More Efficient

Market Drivers:
– Rising demand to meet regulatory compliance standards and audit management with improved visibility and control to strengthen corporate information governance

Market Opportunities:
– Rising trend of AI-Integrated Enterprise Content Management Solution

The Global Enterprise Content Management Solution Market segments and Market Data Break Down are illuminated below:
by Components (Solution, Services), Enterprise Size (Large enterprises, Small and medium-sized enterprises), Industry Verticals (Retail, Manufacturing, BSFI, Media and Entertainment, Telecommunication, Healthcare and Life Sciences, Food and Beverages, Other), Deployment (On-premises, Cloud-Based)

Global Enterprise Content Management Solution market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.

Have a query? Market an enquiry before purchase @

Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
– The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
– North America (United States, Mexico & Canada)
– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

Objectives of the Report
– -To carefully analyze and forecast the size of the Enterprise Content Management Solution market by value and volume.
– -To estimate the market shares of major segments of the Enterprise Content Management Solution market.
– -To showcase the development of the Enterprise Content Management Solution market in different parts of the world.
– -To analyze and study micro-markets in terms of their contributions to the Enterprise Content Management Solution market, their prospects, and individual growth trends.
– -To offer precise and useful details about factors affecting the growth of the Enterprise Content Management Solution market.
– -To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Enterprise Content Management Solution market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.

Buy Complete Assessment of Enterprise Content Management Solution market Now @

Major highlights from Table of Contents:
Enterprise Content Management Solution Market Study Coverage:
– It includes major manufacturers, emerging player's growth story, and major business segments of Enterprise Content Management Solution market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
– Enterprise Content Management Solution Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
– Enterprise Content Management Solution Market Production by Region Enterprise Content Management Solution Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
– Key Points Covered in Enterprise Content Management Solution Market Report:
– Enterprise Content Management Solution Overview, Definition and Classification Market drivers and barriers
– Enterprise Content Management Solution Market Competition by Manufacturers
– Impact Analysis of COVID-19 on Enterprise Content Management Solution Market
– Enterprise Content Management Solution Capacity, Production, Revenue (Value) by Region (2022-2027)
– Enterprise Content Management Solution Supply (Production), Consumption, Export, Import by Region (2022-2027)
– Enterprise Content Management Solution Manufacturers Profiles/Analysis Enterprise Content Management Solution Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
– Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.
Browse Complete Summary and Table of Content @

Key questions answered
– How feasible is Enterprise Content Management Solution market for long-term investment?
– What are influencing factors driving the demand for Enterprise Content Management Solution near future?
– What is the impact analysis of various factors in the Global Enterprise Content Management Solution market growth?
– What are the latest trends in the regional market and how successful they are?

Thanks for practicing this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.

Contact US:
Craig Francis (PR & Marketing Manager)
AMA Research & Media LLP
Unit No. 429, Parsonage Road Edison, NJ
New Jersey USA – 08837
Phone: +1 (206) 317 1218
[email protected]

For more information on this press release visit:

Thu, 07 Jul 2022 02:02:00 -0500 ReleaseWire en-US text/html
Killexams : computerworld
tt22 029 iphone 14 thumb pod

Today in Tech

iPhone 14: What's the buzz?

Join Macworld executive editor Michael Simon and Computerworld executive editor Ken Mingis as they talk about the latest iPhone 14 rumors – everything from anticipated release date to price to design changes. Plus, they'll talk about...

Wed, 27 Jul 2022 04:41:00 -0500 en text/html
Killexams : Cloud Identity and Access Management Market Analysis of Growth, Trends, and Forecast 2022 – 2030

The MarketWatch News Department was not involved in the creation of this content.

Aug 02, 2022 (Alliance News via COMTEX) -- The global cloud identity and access management market size was US$ 3768.2 million in 2021. The global cloud identity and access management market size is forecast to reach US$ 21,265.2 million by 2030, growing at a compound annual growth rate (CAGR) of 21.2% during the forecast period from 2022 to 2030.

Request To download demo of This Strategic Report :-

Cloud identity and access management (IAM) solutions provide a uniform and easy-to-use interface for access control. All cloud services can utilize the same interface. Using IAM technology, users can initiate, capture, record, and manage their identities and access permissions. Furthermore, all users are authenticated, authorized, and evaluated in accordance with policies and roles. It ensures compliance with processes and procedures. However, permissions are granted based on the needs and tasks of employees and not revoked when they are no longer necessary, leaving users with a great deal of unnecessary privileges.

Factors Influencing Market Growth

A key factor responsible for the growth of the cloud identity and access management market is the adoption of government regulations regarding identity and access management, coupled with a record level of cloud adoption.

Increased concern about security in cloud-based environments and a lack of trust in cloud IAM providers may slow down the overall market’s growth.

Developing economies’ industrial development is likely to spur the adoption of cloud identity and access management services. With the adoption of cloud IAM in BFSI, IT & telecom, and retail, the global market will grow exponentially.

Impact Analysis of COVID-19

COVID-19 had a positive effect on the market. The surge in demand for cloud services during the pandemic resulted in people making use of cloud-based access control management systems for managing authentication of employees and staff through cloud services as well as storing records. In addition, as people began to work remotely, the cloud access management system helped define roles and grant permissions to users at different levels of granularity. Additionally, the ability to reduce spending on enterprise security by relying on the centralized trust model to manage identity across third-party and own applications stimulated the demand for cloud identity and access management during the COVID-19 pandemic.

Request To download demo of This Strategic Report :-

Regional Insights

In 2021, North America dominated the global cloud identity and access management market and is forecast to continue dominating during the forecast period. This market is likely to expand due to government regulations implemented in North America, and the need for organizations to adhere to these regulations. There are around 380 new cyber security regulations issued by the U.S. government each year. Cyber security is one of the major threats to sectors like BFSI, IT and Telecom, and retail in North America.

The Asia Pacific is forecast to have the highest CAGR during the forecast period. The surge in the adoption of cloud IAM services by small and midsize businesses (SMBs) coincides with a surge in cyberattacks in the region.

Leading Competitors

The leading prominent companies profiled in the global cloud identity and access management market are:



CA, Incorporated

Secureworks, Incorporated

Oracle Corporation

Intel Corporation

OneLogin, Incorporated

Hewlett Packard Enterprise Development LP

Sailpoint Technologies Holdings, Incorporated

Ping Identity

Other Prominent Players

Scope of the Report

The global cloud identity and access management market segmentation focuses on Services, Deployment Mode, Industry Vertical, and Region.

Segmentation based on Services

User Provisioning

Single Sign-On

Access Management

Multi-Factor Authentication

Password Management

Directory Services

Governance and Compliance Management

Segmentation based on Deployment Mode




Segmentation based on Industry Vertical


IT and Telecommunication


Media & Entertainment




Get a demo PDF copy of the report :-

Segmentation based on Region

North America

The U.S.




Western Europe

The UK





Rest of Western Europe

Eastern Europe



Rest of Eastern Europe

Asia Pacific




Australia & New Zealand


Rest of Asia Pacific

Middle East & Africa (MEA)


Saudi Arabia

South Africa

Rest of MEA

South America



Rest of South America

What are the key findings of the report?
?This report provides comprehensive information on factors expected to influence the market growth and market share in the future.
?The report offers the current state of the market and future prospects for various geographical regions.
?This report provides both qualitative and quantitative information about the competitive landscape of the market.

Access full Report Description, TOC, Table of Figure, Chart, etc.-

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The MarketWatch News Department was not involved in the creation of this content.

Tue, 02 Aug 2022 04:26:00 -0500 en-US text/html
Killexams : Just How Did 1500 Bytes Become The MTU Of The Internet?

[Benjojo] got interested in where the magic number of 1,500 bytes came from, and shared some background on just how and why it seems to have come to be. In a nutshell, the maximum transmission unit (MTU) limits the maximum amount of data that can be transmitted in a single network-layer transaction, but 1,500 is kind of a strange number in binary. For the average Internet user, this under the hood stuff doesn’t really affect one’s ability to send data, but it has an impact from a network management point of view. Just where did this number come from, and why does it matter?

[Benjojo] looks at a year’s worth of data from a major Internet traffic exchange and shows, with the help of several graphs, that being stuck with a 1,500 byte MTU upper limit has real impact on modern network efficiency and bandwidth usage, because bandwidth spent on packet headers adds up rapidly when roughly 20% of all packets are topping out the 1,500 byte limit. Naturally, solutions exist to Improve this situation, but elegant and effective solutions to the Internet’s legacy problems tend to require instant buy-in and cooperation from everyone at once, meaning they end up going in the general direction of nowhere.

So where did 1,500 bytes come from? It appears that it is a legacy value originally derived from a combination of hardware limits and a need to choose a value that would play well on shared network segments, without causing too much transmission latency when busy and not bringing too much header overhead. But the picture is not entirely complete, and [Benjojo] asks that if you have any additional knowledge or insight about the 1,500 bytes decision, please share it because manuals, mailing list archives, and other context from that time is either disappearing fast or already entirely gone.

Knowledge fading from record and memory is absolutely a thing that happens, but occasionally things get saved instead of vanishing into the shadows. That’s how we got IGNITION! An Informal History of Liquid Rocket Propellants, which contains knowledge and history that would otherwise have simply disappeared.

Mon, 01 Aug 2022 12:00:00 -0500 Donald Papp en-US text/html
Killexams : Platform for spurring innovation, growth

After a healthy correction, e-marketplaces, services set to ride new opportunities

Having undergone a healthy correction, China's platform economy is expected to play a greater role in promoting innovations and driving global economic recovery amid COVID uncertainties, industry experts said.

Platform economy refers to tech-driven online marketplaces and other similar operations or businesses. They allow consumers, entrepreneurs, businesses and the general public to connect, share resources, or sell products or services. In China, Tencent Holdings Ltd, Alibaba Group and Meituan figure among the most prominent platform enterprises.

China has pledged support for the sector as well as the digital economy, experts said at latest high-level conferences.

New moves in the latest past suggested supervision of the platform economy will be normalized following the strict measures seen earlier to rein in errant behavior of some players in the market.

All this signals an easing of regulations related to the sector with a view to spur its stable growth and sustainable development, experts said.

Last month, Chinese jobs platform Boss Zhipin and truck-hailing platform Full Truck Alliance said they have started to register new users again, after the Cyberspace Security Review Office completed its investigation and review of the two companies in accordance with related laws.

Reuters reported that Chinese ride-hailing firm Didi Chuxing is also taking the necessary corrective actions in order to make its apps available again on various mobile app stores. Last year, Didi was barred by the authorities concerned from listing its apps on app stores due to concerns related to national security.

"For China now, it is necessary and urgent to Improve the governance of the platform economy. The ultimate goal of governance-related policies is to promote platform companies and make them stronger and better," said Jin Guang, deputy dean of the National School of Development at Peking University.

Jin noted that most of the country's top platforms are important innovators, reformers and drivers of the Chinese economy, and will play an active role in promoting both domestic industrial innovation and global market competition.

"Therefore, the country's supervision of the platform economy must actively be integrated with international rules, and at the same time, participate in the formulation and reform of international rules," Jin said.

In April, Vice-Premier Liu He said at a symposium organized by the National Committee of the Chinese People's Political Consultative Conference, the nation's top political advisory body, that the country will support the sustainable and healthy development of the platform economy and the private sector.

More measures will be rolled out to help drive the orderly and sound development of the platform economy, and encourage platform companies to participate in the country's major scientific and innovation projects, Liu said.

He said the government will also beef up support for direct investment in the digital economy and support the listing of technology companies on domestic and overseas securities markets.

His remarks have been widely seen by industry insiders as a signal that the antitrust authorities are unlikely to initiate fresh investigations or impose hefty fines on platforms in the near term.

"Over the past year and more, authorities have conducted intensive and special rectifications of improper behaviors in the platform economy and have achieved the desired effect of a fairer market environment. Now, it's time for China to return to normalized and predictable supervision in the sector," said Wang Xianlin, a member of the expert advisory group of the State Council's anti-monopoly commission.

The State Administration for Market Regulation has looked into over 100 cases of improper behavior and levied fines on 98 monopolistic instances in the internet sector, involving companies like Tencent, Alibaba, Meituan and JD.

Gan Lin, deputy head of the SAMR, said platform companies' earlier propensity to unfairly compel merchants to make either-or kind of choices, or force them to pick one option from just two on offer has "basically disappeared", after strict regulations kicked in.

The binary practice refers to platforms forcing merchants to have exclusive partnerships or distribution channels with them alone in a sort of monopolistic or restrictive manner. The unfair trade practice has bedeviled China's e-commerce sector for years.

"To make the platform economy normalized means regulatory efforts will become routine and avoid fragmented supervision, which had earlier led authorities to ignore illegal or improper behavior during the sector's nascent phase, only to start regulating it in sudden spurts," said Wang, who is also director of the Center for Competition Law and Policy at Shanghai Jiao Tong University.

He likened the evolution of the supervisory process to modern health management practices. "When you are sick, of course you need to go to a doctor or even an emergency room to get cured. After targeted treatment, you are expected to return to daily health management like exercising to keep healthy."

In late June, Chinese lawmakers amended the Anti-monopoly Law to Improve rules related to the platform economy, clarifying that platform operators with clear market dominance shall not abuse such leading positions through data, algorithms, technologies or platform rules.

"For years, it has been a global trend that anti-monopoly authorities were striving to strike a balance between supervision and development," said Li Chao, chief analyst at Zheshang Securities.

"Global practices showed that antitrust efforts relating to the platform economy didn't crack down on any specific giant, but stimulated innovation and entrepreneurship, and furthermore ensured the market in general prospers."

In the 1970s and 1980s, US antitrust measures led to tech giant IBM giving up bundled sales of software and services and disclosing its personal computer technical standards, after which Microsoft and Intel, upstream and downstream suppliers to IBM, grew rapidly. Tech companies such as Dell also began to rise, helping lay the foundation for the US internet boom at that time, he said.

In addition, leading foreign brokerages and investors are also reviewing their stand on shares of Chinese internet and technology companies after a sharp selloff earlier this year.

Wind data showed that among all the 280 US-listed Chinese companies, only 27 saw their share prices rise since the beginning of this year, accounting for less than 10 percent of the total. The market value of US-listed Chinese companies including Pinduoduo and JD shrank by more than $20 billion.

But in mid-May, investment bank JPMorgan upgraded its outlook on a slew of Chinese internet and tech companies including Alibaba Group, Tencent Holdings, NetEase Inc and Meituan to overweight, and that on JD, Bilibili and several other Chinese companies from underweight to neutral.

Overweight, underweight and neutral are performance indicators used by analysts to rate the stocks' foreseeable future. An overweight rating, for instance, is mainly a recommendation to hold more of the stock than the relevant benchmark index.

JPMorgan's mid-May stance was in sharp contrast to its March view when the brokerage downgraded 28 Chinese internet stocks to neutral or underweight. JPMorgan analysts led by Alex Yao explained in a report that the new classification came because the so-called significant uncertainties facing the sector should begin to abate on the back of latest regulatory announcements.

"We had originally forecast that these various uncertainties would continue for six to 12 months, with the earliest relief possible in the second half of the year. We expect early-cycle sectors such as digital entertainment, local service, and e-commerce to be the first batch of outperformers," the analysts said.

Pan Helin, co-director of the Digital Economy and Financial Innovation Research Center at Zhejiang University's International Business School, said the rating upgrades are based on the low and attractive price of the shares of China's leading platform companies.

"But more importantly, the platform economy is ushering in a new era and will focus on high-quality performance. Many of the platform companies still have great growth potential in earnings and returns," he said.

Sun, 17 Jul 2022 22:09:00 -0500 text/html
Killexams : Aviation Weather Forecasting System Market Size worth $1.13Bn, Globally, by 2028 - Premium Report by The Insight Partners

New York, July 27, 2022 (GLOBE NEWSWIRE) -- The Insight Partners published latest research study on "Aviation Weather Forecasting System Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Hardware, Software, and Services), Application (Weather Stations, Weather Drones, Weather Balloons, and Others), and Forecast Type (Short Range, Medium Range, Extended Range, and Long Range)" The global aviation weather forecasting system market growth is driven by increase in awareness about safer aviation operations Introduction of electronic weather forecasting systems.

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Market Size Value in US$ 737.09 Million in 2022
Market Size Value by US$ 1.13 billion by 2028
Growth rate CAGR of 7.5% from 2022 to 2028
Forecast Period 2022-2028
Base Year 2022
No. of Pages 180
No. Tables 80
No. of Charts & Figures 82
Historical data available Yes
Segments covered Component, Application, and Forecast Type
Regional scope North America; Europe; Asia Pacific; Latin America; MEA
Country scope US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Based on geography, the aviation weather forecasting system market is primarily segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America. The aviation weather forecasting system market in Asia Pacific is estimated to grow at a significant CAGR during the forecast period. Several developed and developing countries in this region have been investing increasingly in the modernization of their airport infrastructure to enhance passenger connectivity and cargo transportation. For instance, in December 2021, the Ministry of Civil Aviation of India, under the Greenfield Airport Policy, announced the development of 21 Greenfield airports with an investment of US$ 3,126.73 million (INR 25,000 crore) for the next 5 years. A few of these airports to be built are Mopain Goa, Shirdi, Sindhudurg, Durgapur, Pakyong, Kannur, Dagadarthi, and Oravakal. The ministry has also announced the expansion of several major airports in locations such as Bangalore and Hyderabad. Moreover, according to the plans released by the Civil Aviation Ministry of India in 2022, the country plans to initiate 220 new airport projects by 2025. Further, in April 2022, the South Korean government announced the development of its first floating airport in Busan. The construction of the same is likely to begin in 2025, while the airport is likely to be operational from June 2035. The ministry also expects to transport 23.36 million passengers and 286,000 MMT of cargo annually by 2065 through this airport. Per the plans released by the Civil Aviation Administration of China (CAAC) in 2021, China has already planned to build 215 airports by the end of 2035, which is one of the major factors expected to catalyze the demand for aviation weather forecasting systems during the forecast period.

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Aviation Weather Forecasting System Market: Competitive Landscape and Key Developments

Campbell Scientific, Inc.; Collins Aerospace; IBM Corporation; Sutron Corporation; Vaisala; Universal Weather and Aviation Inc.; ENAV S.p.A.; DTN; and Spire Global are among the key aviation weather forecasting system market players profiled in the report. Several other essential aviation weather forecasting system market players were analyzed for a holistic view of the market and its ecosystem. The report provides detailed market insights, which can help major players strategize their growth.

  • In 2022, Empresa Argentina de Navegación Aérea, an Argentine Air Navigation Company, completed the installation of three Automatic Weather Observation Systems (AWOS) at the airports of San Salvador de Jujuy, San Miguel de Tucumán, and Salta, in Northwestern Argentina.
  • In 2022, Spire Global received a five-year multimillion-dollar contract to provide weather forecasts for TCOM, an intelligence, surveillance, and reconnaissance (ISR) firm based in the US. The company will provide weather forecast services at 10 sites where TCOM operates aerostats, which are aircraft that use a lifting gas to become airborne.

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North America is expected to dominate the market in terms of aviation weather forecasting system market share in 2022. The market in this region has been analyzed based on trends prevailing in the US, Canada, and Mexico. The US has the highest number of airports, i.e., ~19,622 airports, in the world, including over 5,000 public airports. The US airlines carried ~674 million passengers in 2021, which is 82.5% more than in 2020. The country is investing heavily in upgrading its airport by harnessing advanced technologies to enhance safety and security. According to data from several aviation sources in 2018, the FAA announced that the US will be spending ~US$ 70 billion on more than 50 airport construction projects in the next three years. Such vast investments will be majorly directed toward modernizing and renovating aging facilities to accommodate technological advances. Thus, the rising need for modernization of airports is boosting the aviation weather forecasting system market growth across North America.

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Aviation Weather Forecasting System Market: Component Overview

Based on component, the aviation weather forecasting system market is segmented into hardware, software, and services. The hardware segment is expected to account for largest aviation weather forecasting system market share in 2022. The aviation weather forecasting system market growth for hardware segment is attributed to the rising demand for the installation of hardware systems such as weather radars, Lidars, sensors, and AWOS systems across different airports worldwide.

Impact of COVID-19 Pandemic on Aviation Weather Forecasting System Market Growth

Airlines faced an economic loss of US$ 168 billion in 2020, which can be associated with a drop in airline operations and passenger traffic due to persistent health impairment and social restrictions. Companies that relied more on aviation for their financial performances continued their operations with cargo flights and half- or full-passenger flights, thus performing better than those depending on passenger flows. Further, companies with high fixed costs struggled more as they faced difficulties in shedding off the financial burden of maintaining smooth operations during unfavorable business conditions. The Global Observing System of the World Meteorological Organization (WMO) serves as the foundation for meteorological and climate services in 193 WMO member countries and territories. These meteorological observations, however, rely on devices mounted on commercial aircraft to collect and transmit data to ground stations. The drastic decline in flights caused a fall in meteorological measurements from 90% to 75%. As a result, only a fraction of 800,000 daily readings were available for meteorologists for forecasting. To compensate for this loss, countries had to rely on their domestic national weather forecasting capacities in 2020.

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About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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Wed, 27 Jul 2022 02:32:00 -0500 text/html
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