The “2022 Cost of a Data Breach Report” found 60 percent of studied organizations raised their product or services prices because of a breach. The report analyzed 550 organizations that suffered a data breach between March 2021 and March 2022, with research conducted by the Ponemon Institute.
IBM has studied data breaches in the United States the last 17 years. In 2021, the average cost of a breach was $4.24 million.
New to this year’s report was a look at the effects of supply chain compromises and the security skills gap. While organizations that were breached because of a supply chain compromise were relatively low (19 percent), the average total cost of such a breach was $4.46 million.
The average time to identify and contain a supply chain compromise was 303 days, opposed to the global average of 277 days.
The study found the average data breach cost savings of a sufficiently staffed organization was $550,000, but only 38 percent of studied organizations said their security team was sufficiently staffed.
Of note, the “Cost of Compliance Report 2022” published by Thomson Reuters Regulatory Intelligence earlier this month found staff shortages have been driven by rising salaries, tightening budgets, and personal liability increases.
The IBM study included 13 companies that experienced data breaches involving the loss or theft of 1 million to 60 million records. The average total cost for breaches of 50-60 million records was $387 million, a slight decline from $401 million in 2021.
For a second year, the study examined how deploying a “zero trust” security framework has a net positive impact on data breach costs, with savings of approximately $1 million for organizations that implemented one. However, only 41 percent of organizations surveyed deployed a zero trust security architecture.
Organizations with mature deployment of zero trust applied consistently across all domains saved more than $1.5 million on average, according to the survey.
Almost 80 percent of critical infrastructure organizations that did not adopt a zero trust strategy saw average breach costs rise to $5.4 million.
The study also found it doesn’t pay to pay hackers, with only $610,000 less in average breach costs compared to businesses that chose not to pay ransomware threat actors.
Organizations that fully deployed a security artificial intelligence and automation incurred $3.05 million less on average in breach costs compared to those that did not, the biggest saver observed in the study.
“Businesses need to put their security defenses on the offense and beat attackers to the punch,” said Charles Henderson, global head of IBM Security X-Force, in a press release announcing the study. “It’s time to stop the adversary from achieving their objectives and start to minimize the impact of attacks.”
In accurate years, headlines about cyber security have become increasingly common. Thieves steal customer social security numbers from corporations’ computer systems. Unscrupulous hackers grab passwords and personal information from social media sites or pluck company secrets from the cloud. For companies of all sizes, keeping information safe is a growing concern.
Cyber security consists of all the technologies and practices that keep computer systems and electronic data safe. And, in a world where more and more of our business and social lives are online, it’s an enormous and growing field with many types of job roles.
According to the Cyber Security & Infrastructure Security Agency (CISA), "Cyber security is the art of protecting networks, devices and data from unauthorized access or criminal use and the practice of ensuring confidentiality, integrity and availability of information."
Information security is the processes and tools designed and used to protect sensitive business information from modification, disruption, destruction and inspection, according to CISCO.
Information security and cyber security are often confused. According to CISCO, information security is a crucial part of cyber security but is used exclusively to ensure data security.
Everything is connected by computers and the internet now, including communication, entertainment, transportation, shopping, medicine and more. A copious amount of personal information is stored among these various services and apps, which is why information security is critical.
Getting hacked isn’t just a direct threat to the confidential data companies need. It can also ruin their relationships with customers and even place them in significant legal jeopardy. With new technology, from self-driving cars to internet-enabled home security systems, the dangers of cybercrime become even more serious.
So, it’s no wonder that international research and advisory firm Gartner Inc. predicts worldwide security spending will hit $170 billion in 2022, an 8% increase in just a year.
“We’re seeing a tremendous demand for cyber security practitioners,” said Jonathan Kamyck, associate dean of cyber security at Southern New Hampshire University (SNHU). “Most businesses, whether they’re large or small, will have an online presence, for example. Some of the things you would do in the old days with a phone call or face-to-face now happen through email or teleconference, and that introduces lots of complicated questions with regard to information.”
These days, the need to protect confidential information is a pressing concern at the highest levels of government and industry. State secrets can be stolen from the other side of the world. Companies whose whole business models depend on control of customer data can find their databases compromised. In just one high-profile 2017 case, personal information for 147.9 million people – about half the United States – was compromised in a breach of credit reporting company Equifax.
A cyber attack is an unwelcomed attempt to steal, expose, alter, disable or destroy information through unauthorized access to computer systems, according to the International Business Machines (IBM).
There are many reasons behind a cyber attack, such as cyber warfare, cyber terrorism and even hacktivists, but these actions fall into three main categories: criminal, political and personal.
Attackers motivated by crime typically seek financial gain through money theft, data theft or business disruption. Similarly, personal attackers include disgruntled current or former employees who will take money or data in an attempt to attack a company's systems. Socio-political motivated attackers desire attention for their cause, resulting in their attacks being known to the public, and this is a form of hacktivism. Other forms of cyber attacks include espionage, or spying to gain an unfair advantage over the competition, and intellectual challenging.
According to CISA, as of 2021, there is a ransomware attack every 11 seconds – a dramatic rise from every 39 seconds in 2019 (CISA PDF Source). In addition, small businesses are the target of nearly 43% of all cyber attacks, which is up 400%.
The Small Business Association (SBA) reports that small businesses make attractive targets and are typically attacked due to their lack of security infrastructure. The SBA also reports that a majority of small business owners felt their business was vulnerable to an attack. This is because many of these businesses:
Here are some of the most common threats among cyber attacks:
Attacks against enterprises can come from a variety of sources such as criminal organizations, state actors and private persons, according to IBM. An easy way to classify these attacks is by outsider versus insider threats.
Outsider or external threats include organized criminals, professional hackers and amateur hackers (like hacktivists).
Insider threats are typically those who have authorized access to a company's assets and abuse them deliberately or accidentally. These threats include employees who are careless of security procedures, disgruntled current or former employees and business partners or clients with system access.
Cyber security awareness month takes place every October and encourages individuals and organizations to own their role in protecting their cyberspace, according to Forbes, although anyone can practice being mindful of cyber security at any time. Awareness of the dangers of browsing the web, checking emails and interacting online in general are all part of developing cyber security awareness.
Cyber security awareness can mean different things to different people depending on their technical knowledge. Ensuring appropriate training is available to individuals is a great way to motivate lasting behavioral changes.
While cyber security awareness is the first step, employees and individuals must embrace and proactively use effective practices both professionally and personally for it to truly be effective, according to Forbes.
Getting started with cyber security awareness is easy, and many resources are readily available on the CISA government website based on your needs. Whether you need formal training or a monthly email with cyber security tips and tricks, any awareness and training can impact behavior and create a positive change in how you view cyber security.
Here are the most common types of cyber security available:
A cyber security degree provides an opportunity for students to develop skills and a mindset that empowers them to begin a career in securing systems, protecting information assets and managing organizational risks.
Alex Petitto ’21 earned his bachelor’s in cyber security. Petitto always wanted to work within the IT sector, and he chose cyber security because it’s an exponentially growing field. He transferred credits from a community college through a U.S. Air Force program and finished his bachelor's in under two years. "It was much quicker than I thought it would be,” he said.
It didn't take long for Petitto to begin exploring his career options. "Even before finishing (my) degree, I … received multiple invites to interview for entry-level positions within the industry and received three job offers," said Petitto. He decided to remain within the Air Force and transfer to a cyber security unit as opposed to joining the private sector.
Petitto said his cyber security degree opened doors for him in the field – “a monumental goal for me," he said. "This degree was a critical first step for breaking into the industry."
Your cyber security degree program can also connect you with experiential learning opportunities to further your growth as a cyber security professional. For example, the annual National Cyber League (NCL) has a competition wherein students from across the U.S. practice real-world cyber security tasks and skills. SNHU recently placed 9th out of over 500 colleges participating in the NCL competition.
As companies large and small scramble to respond to the growing threats, jobs in the cyber security field are growing fast. The U.S. Bureau of Labor Statistics (BLS) predicts that employment for information security analysts will grow by 33% through 2030. That’s more than twice as fast as the average computer-related occupation and four times as fast as American jobs in general.
To help fill the need for more professionals in the cyber security world, CyberSeek, a project funded by the federal government and supported by industry partners, provides detailed information on the demand for these workers by state. The tool shows that, across the country, there were 180,000 job openings for information security analysts between May 2021 and April 2022, with only 141,000 professionals holding jobs in the role, reflecting an unfilled demand of 39,000 workers.
“There’s a huge shortfall right now in entry-level and midlevel cyber security roles,” Kamyck said. “You’re looking at demand across all business sectors, with companies of all sizes.
CyberSeek lists the following entry-mid-and advanced-level roles available in the field. Average salaries are based on job openings posted between May 2021 and April 2022.
Kamyck said cyber security professionals could play a wide range of roles in a modern company. For example, some small businesses may hire a single person to handle all kinds of work protecting data. Others contract with consultants who can offer a variety of targeted services. Meanwhile, larger firms may have whole departments dedicated to protecting information and chasing down threats.
While companies define roles related to information security in a variety of ways, Kamyck said there are some specific tasks that these employees are commonly called on to do. In many cases, they must analyze threats and gather information from a company’s servers, cloud services and employee computers and mobile devices.
“An analyst’s job is to find meaning in all of that data, see what’s concerning,” he said. “Is there a breach? Is someone violating a policy?”
In many cases, Kamyck said, security certified work with other information technology professionals to ensure a company’s systems are secure. That involves not just technical know-how but also people-oriented skills.
But breaches don’t just take the form of someone hacking into a server. They can also involve customer lists sent through unencrypted email, a password written on a sticky note in a cubicle or a company laptop stolen from an employee’s car.
Depending on their specific role, cyber security professionals must also think strategically. In many industries, companies rely on employees having quick access to highly sensitive data, such as medical records or bank account information.
“The goal is to balance the needs of the company or the organization you’re working for with the need to protect the confidentiality of customer data and trade secrets,” Kamyck said.
Kamyck said people who do well in these jobs tend to be curious, competitive and willing to keep learning to stay up to date with rapidly changing technology. The work draws on multidisciplinary knowledge, and people who continue with the work find there are a variety of directions they can take in their careers.
For example, Kamyck said, if you're interested in the business side, you might become a manager or run audits that let companies know where they need to Excellerate to meet compliance. If you love the adversarial part of the job, you might become a penetration tester, essentially an “ethical hacker” who tests for system vulnerabilities by trying to get through them.
If you’re wondering how to get into cyber security, it’s clear there are many positions out there. The question is how to make sure you’re a good fit for them. According to BLS, most information security analyst jobs require at least a bachelor’s degree in computer science, information assurance, programming or another related field.
In some cases, the work calls for a Master of Business Administration (MBA) in Information Systems. That degree typically takes an additional two years of study and involves both technical and business management courses.
Cyber security job requirements also sometimes include related work experience. Rather than jumping right into the security side of information technology, you can start as a network or computer systems administrator. Depending on the specific cyber security position, employers may have other job requirements. For instance, keeping databases secure might be an ideal job for someone who’s spent time as a database administrator and is also well-versed in security issues.
Aside from work experience and college degrees, some employers also prefer job candidates who have received certifications demonstrating their understanding of best practices in the field. For example, the Certified Information Systems Security Professional (CISSP) credential validates a professional’s general knowledge and abilities in information security. There are also more specific certificates, which can highlight specialized knowledge of computer architecture, engineering or management.
Whatever path new employees in cyber security want to follow, Kamyck said, those who are willing to make an effort to learn the field will find abundant opportunities.
“There’s needs in government. There’s needs in finance. There’s needs in education,” Kamyck said. “There’s a tremendous unfilled need.”
Discover more about SNHU's online cyber security degree: Find out what courses you'll take, skills you'll learn and how to request information about the program.
Nicholas Patterson is a writer at Southern New Hampshire University. Connect with him on LinkedIn.
IBM has announced the acquisition of data observability software vendor Databand.ai. Today’s announcement marks IBM’s fifth acquisition of 2022. The company says the acquisition “further strengthens IBM’s software portfolio across data, AI, and automation to address the full spectrum of observability and helps businesses ensure that trustworthy data is being put into the right hands of the right users at the right time.”
Data observability is an expanding sector in the big data market, spurred by explosive growth in the amount of data organizations are producing and managing. Data quality issues can arise with large volumes, and Gartner shows that poor data quality costs businesses $12.9 million a year on average.
“Data observability takes traditional data operations to the next level by using historical trends to compute statistics about data workloads and data pipelines directly at the source, determining if they are working, and pinpointing where any problems may exist,” said IBM in a press release. “When combined with a full stack observability strategy, it can help IT teams quickly surface and resolve issues from infrastructure and applications to data and machine learning systems.”
IBM says this acquisition will extend Databand.ai’s resources for expanding its observability capabilities for broader integration across more open source and commercial solutions, and enterprises will have flexibility in how they run Databand.ai, either with a subscription or as-a-Service.
IBM has made over 25 strategic acquisitions since Arvind Krishna took the helm as CEO in April 2020. The company mentions that Databand.ai will be used with IBM Observability by Instana APM, another observability acquisition, and IBM Watson Studio, its data science platform, to address the full spectrum of observability across IT operations. To provide a more complete view of a data platform, Databand.ai can alert data teams and engineers when data they are working with is incomplete or missing, while Instana can explain which application the missing data originates from and why the application service is failing.
“Our clients are data-driven enterprises who rely on high-quality, trustworthy data to power their mission-critical processes. When they don’t have access to the data they need in any given moment, their business can grind to a halt,” said Daniel Hernandez, General Manager for Data and AI, IBM. “With the addition of Databand.ai, IBM offers the most comprehensive set of observability capabilities for IT across applications, data and machine learning, and is continuing to provide our clients and partners with the technology they need to deliver trustworthy data and AI at scale.”
Databand.ai is headquartered in Tel Aviv, and its employees will join IBM’s Data and AI division to grow its portfolio of data and AI products, including Watson and IBM Cloud Pak for Data.
“You can’t protect what you can’t see, and when the data platform is ineffective, everyone is impacted –including customers,” said Josh Benamram, co-founder and CEO of Databand.ai. “That’s why global brands such as FanDuel, Agoda and Trax Retail already rely on Databand.ai to remove bad data surprises by detecting and resolving them before they create costly business impacts. Joining IBM will help us scale our software and significantly accelerate our ability to meet the evolving needs of enterprise clients.”
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The impact of cyber security incidents and data breaches may be contributing in a small way to the rising cost of goods and services that is leaving millions of UK citizens on the brink of financial crisis, as victim organisations struggle to recoup their losses from incident response, forensics, ransom payments and regulatory fines.
This is according to the latest edition of IBM Security’s annual Cost of a data breach report, which found that as the average cost of an incident across its surveyed base hits a high of $4.35m (£3.61m), up 13% over the last two years of the report, 60% of victim organisations have had to raise the price of their products or services as a direct result of the incident.
Darren Williams, CEO and founder of anti-ransomware specialist Blackfog, said that the study’s findings were not particularly surprising.
“Rising data breach costs are to be expected and unfortunately many consumers are now jaded by breach notifications as they happen on such a regular basis,” said Williams.
“Given the increase in cyber attacks generally and the new focus on data exfiltration rather than encryption, the number of breaches and the costs of remediation is likely to rise at a much faster rate in the coming years.
“As it becomes increasingly difficult to obtain cyber insurance coverage and/or pay-outs following cyber incidents, companies will certainly look to pass these costs on to their customers, who will end up not only footing the bill for the breach, but also paying the price for having their data in the hands of criminal gangs or for sale on the dark web,” he said.
Trevor Dearing, director of critical infrastructure solutions at zero-trust specialist Illumio, said that IBM’s survey had demonstrated how important it was for organisations to prepare for incidents ahead of time, rather than respond to them.
“Figures like this that place the average data breach at an eye-watering cost of $4.4m really put the scale of the problem into perspective,” said Dearing. “By putting in protection before an attack, organisations can mitigate any costs that would be passed onto consumers.
“By taking a zero-trust approach, segmenting critical assets, and only allowing known and Checked communication between environments, security teams can limit the impact of an attack for both the organisation and its customers.”
The study noted that a great many organisations, and over 80% in the case of highly-vulnerable critical national infrastructure (CNI) operators, had not yet adopted zero-trust strategies, and those organisations saw the average cost of a breach rising beyond $5m.
Other factors in the varying cost of a breach included payment or non-payment of ransomware demands, with the data showing those who chose to pay, against all reasonable advice, actually saw average costs fall by approximately $610,000, not including the payment.
Meanwhile, the 43% of respondents who were still in the early stages (or who had not started) implementing security best practice in their cloud environments were on the hook for $660,000 more than those who were on top of cloud security, and organisations that had implemented security artificial intelligence (AI) and automation incurred $3.05m less on average, making such technology the biggest cost-saver yet observed by the study.
“Businesses need to put their security defences on the offence and beat attackers to the punch. It’s time to stop the adversary from achieving their objectives and to start to minimise the impact of attacks,” said Charles Henderson, global head of IBM Security X-Force.
“The more businesses try to perfect their perimeter instead of investing in detection and response, the more breaches can fuel cost of living increases. This report shows that the right strategies coupled with the right technologies can help make all the difference when businesses are attacked.”
IBM said the constant barrage of cyber attacks faced by organisations was also shedding light on a “haunting effect” of breaches, with the vast majority of those surveyed having experienced multiple breaches, and many reporting that they were still incurring unexpected costs months or even years, after an incident.
IBM’s findings back up – to some extent – a accurate policy shift at the UK’s Information Commissioner’s Office (ICO), which recently announced it would be cutting back on fining public sector breach victims, saying that to do so effectively visits the cost of an incident on the public in the form of reduced budgets for critical services.
India’s ‘techade’ will witness several business trends accelerate, from hybrid workplace to contactless delivery. To transform and keep pace with these trends, businesses will need to become more agile and responsive to the market. This business imperative is making hybrid cloud the prevalent IT architecture. A hybrid cloud architecture combines best-of-breed cloud services and functionality from multiple cloud vendors, flexibility in choosing optimal cloud computing environments for each workload and moving those workloads freely between public and private cloud as circumstances change.
Organizations are finding great value from the early stages of hybrid cloud adoption for improving product and service delivery while fostering innovation. In fact, a accurate IBM Institute for Business Value study estimates the value of hybrid cloud investments multiplies up to 13x on average when combined with other levers of transformation. This is why 99% of organizations in India are now using varied combinations of hybrid cloud architecture.
However, the question to ask is, are we adopting the right strategy to make the most of this opportunity? Here are five major challenges in the way of hybrid cloud mastery, which organizations must pay special attention to leverage its full potential.
Architecture that provides a suite of cloud services
During the pandemic, several companies in India had to adopt new hybrid cloud architectures at speed, assembling public, private and on-premises environments without proper integration. There was no organised structure or platform to bind them. Mastering hybrid cloud will require integrating cloud assets with a clear vision, starting with a hybrid cloud platform architecture that defines a “fabric” of cloud services across multiple environments.
A modern hybrid cloud infrastructure is starting to coalesce around a unified hybrid multi-cloud platform that includes support for cloud native application development, a single operating system and automating the deployment of applications across all cloud environments.
For instance, Bharti Airtel has built a telco network cloud using hybrid cloud and cognitive enterprise capabilities to deliver a better customer experience through enhanced network performance, improved availability, operations automation and scaling the network to the edge.
Breaking the silos
Indian companies are facing a shortage of talent, which makes it difficult to cover all areas of cloud management. Moreover, they are faced with a lack of a single infrastructure for seamless work experience which leads to work getting done in silos. Mastering hybrid cloud requires employees with critical cloud skills to do their work effectively in an integrated way across a common hybrid cloud operating model. To do it right, organizations should design operating models for incorporating cloud native, efficient, and connected working practices across the hybrid environment, addressing gaps in skills, talent, and experience.
Scale with security
Security has always been a key concern for organizations on their digitization journey, but with unintegrated cloud architecture the risk is greater, leading to data breaches, financial impact, reputational damage, regulatory enforcement actions and more. Organizations need to adopt a security-aware and security-first culture, ensuring robust security protocols and capabilities across the hybrid platform in a consistent way. For example, in a hybrid cloud architecture, you can reserve behind-the firewall private cloud resources for sensitive data and highly regulated workloads and use more economical public cloud resources for less-sensitive workloads and data. This allows organizations to foresee any potential threats across operations and mitigate them.
Maximizing returns on cloud investment
Managing cloud investments becomes very difficult when costs rise or are unpredictable. In certain cases, the cost of moving the data could go as high as 50%. In a hybrid cloud environment, organizations can manage their cloud cost through a single window to assess how cloud services are disbursed across the whole enterprise, allowing them to optimise the cloud cost by directly matching it with business priorities.
The Godrej Group, for example, has deployed cloud solutions which are expected to help them save 10% on the total cost of ownership over a period of five years, along with zero security incidents and a 100% increase in disaster recovery coverage.
Unlocking value with partner ecosystem
Deploying hybrid cloud often requires a whole ecosystem of partners, whether external or internal, who come with their own competing interests. Mastering hybrid cloud requires getting these naturally competing interests to embrace open innovation and co-creation through an aligned strategy to deliver a successful program.
To conclude, Indian organizations need to take a closer look at their hybrid cloud journey. Consider the five challenges and determine actions required to course correct. Not every organization will have a templatized approach to adopting hybrid cloud. They need to find a sweet spot between building hybrid cloud capabilities and the roadmap for better business performance in a software-driven world. Once mastered, businesses will create new value propositions and become a lever of innovation in the techade.
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Views expressed above are the author's own.
The best nanotech stocks to buy are those belonging to companies dealing with nanotechnology. Nanotechnology is the study and manipulation of matter at the atomic and molecular level, and it has a variety of potential applications in fields like medicine, electronics, and manufacturing.
Nanotech stocks offer investors the opportunity to profit from this cutting-edge technology. While some risk is associated with investing in nanotech stocks, many analysts believe that the potential rewards outweigh the risks.
According to a report from Allied Market Research, the global market for advanced materials is projected to grow at 36.4% over the next few years, reaching $33 billion by 2030. Nanotech stocks are expected to perform well in the coming years as the industry continues to grow and new nanotechnology applications are discovered. Here are some of the best nanotech stocks to buy now.
InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Applied Materials, Inc.
International Business Machines Corporation
Taiwan Semiconductor Manufacturing Company Limited
Veeco Instruments Inc.
Thermo Fisher Scientific Inc.
PPG Industries, Inc.
Applied Materials (NASDAQ:AMAT) provides equipment, software, and services related to semiconductors and electronics. Founded in 1967, it has its headquarters in Sunnyvale.
Applied Materials stock has significant losses in the year thus far due to unfavorable market conditions, a shortage of components that its competitors don’t have, and operational concerns. The semiconductor equipment supplier’s second-quarter results did not help matters.
The revenue growth at Applied Materials was nowhere near what it was last year. And its earnings growth only ended up slightly higher than expected. This is mainly due to difficulty sourcing components for shipments that is causing production delays.
Investors should not be worried about Applied Materials’ current challenges. The company is in the process of solving a major problem – the challenge surrounding the global semiconductor shortage.
Source: Sundry Photography / Shutterstock.com
Intel (NASDAQ:INTC) has been in business for over 50 years and is currently one of the largest semiconductor chip makers. It also makes chips for many other devices such as cars and more. It has the power to stand out from other companies in a constantly changing industry.
In accurate years, Intel has made significant progress in nanotechnology, which is a field that seeks to develop materials with dimensions smaller than 100 nanometers (nm). You can use this for applications such as medical devices or electronics.
Intel’s nanotech labs are working on developing ever-smaller devices and circuits. The company is also exploring new ways to use nanomaterials in semiconductor manufacturing. The potential applications of Intel’s nanotech research are vast, and the company is already commercializing some of its nanotech products.
Apart from its cutting-edge work in several areas, Intel also has a hefty dividend that makes it a great investment. The company has a strong history of paying and increasing dividends, and its dividend payout ratio of 28% is currently quite low. This gives Intel plenty of room to continue raising its dividend in the future. And with shares currently trading at a discount to their fair value, Intel looks like a great buy for long-term investors.
International Business Machines (NYSE:IBM) is a multinational technology company specializing in computer hardware, software, and services. One of IBM’s many ventures is nanotechnology. Nanotech is the study and manipulation of matter on an atomic or molecular level. This new field of research holds tremendous promise for the future. It holds the potential to revolutionize everything from computing to medicine.
IBM has been at the forefront of nanotech research, and its scientists have made numerous breakthroughs in the field. In addition to its potential applications, nanotech also offers a unique challenge for IBM’s engineers. As it continue to push the boundaries of what is possible, it are sure to make even more exciting discoveries in the years to come.
Despite a mature business model, IBM has grown its dividend for 28 consecutive years. This means it is eligible to be placed into the “Dividend Aristocrats” category due to its strong history.
In addition, IBM is a diversified company with businesses ranging from cloud computing to artificial intelligence. For these reasons, IBM is a great stock to buy and hold for the long term.
Source: Sundry Photography / Shutterstock.com
Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) is one of the world’s largest semiconductor foundries and a major supplier of chips for smartphones, personal computers, and other consumer electronics. It is one of the most valuable companies in the world with a market capitalization hovering around $193 billion.
It is one of the most valuable companies in the world. The company’s success is due to its cutting-edge manufacturing technology, which allows it to produce smaller, faster, and more energy-efficient chips than its rivals.
Apple’s (NASDAQ:AAPL) iPhone is one of the most popular smartphones in the world, and it has been a key part of Apple’s success since its release in 2007. TSMC is responsible for manufacturing almost all of the chips that go into each device, which means that without them, iPhones wouldn’t be able to function properly.
The company has a long history of innovation and is a leading producer of semiconductors. Taiwan Semiconductor Manufacturing Co. is a great stock for investors looking for growth potential. The company has a strong track record of profitability and is well-positioned to benefit from the continuing rise in demand for semiconductors.
Veeco Instruments (NASDAQ:VECO) is a leading manufacturer of semiconductor and optoelectronic equipment. You can use the company’s products in various applications, including data storage, telecommunications, and photography.
Customers used its first products to make diodes and transistors for the electronics industry. Today, Veeco continues to be a leader in the semiconductor industry. Hence, its products are in use in cutting-edge technologies.
The company’s products have played a major role in developing several groundbreaking technologies, including the first atomic force microscope and the world’s smallest transistor. In addition to its nanotech equipment, Veeco also manufactures precision instruments for metrology and defense applications.
The global capital equipment supplier reported excellent earnings in the second quarter. Revenues hit $156.4 million this quarter, a marked increase over the same period last year. Net income per share was $13.3 million, which is also much higher than last year’s figure of $2.5 million. These numbers handily beat analyst estimates. The company has stitched together 13 quarters of excellent performance.
Source: Michael Vi / Shutterstock.com
Thermo Fisher Scientific (NYSE:TMO) is a leading provider of nanotechnology solutions. The company’s nanotech products are used in various fields, including healthcare, electronics, and energy. Thermo Fisher Scientific’s nanotech products are based on cutting-edge research and provide superior performance and quality.
The company’s nanotech products will meet the needs of various customers, from individual consumers to large businesses. Thermo Fisher Scientific is providing its customers the highest quality nanotech products and services. It has a reputation for providing leading-edge solutions to keep up with growing market needs.
Thermo Fisher Scientific is a great stock to invest in. The company is a leading provider of scientific instruments, reagents, and services. Thermo Fisher Scientific has a strong track record of growth and profitability. Thermo Fisher Scientific is a global leader in its market, with a strong presence in both developed and emerging markets. The company’s products are highly differentiated and IP-protected.
Thermo Fisher Scientific has a strong financial position, with plenty of cash on hand to invest in growth opportunities. The company’s shares are trading at an attractive valuation, making Thermo Fisher Scientific a great stock to buy today.
Source: Jonathan Weiss / Shutterstock.com
PPG Industries (NYSE:PPG) is a leading coatings manufacturer and other products that incorporate nanomaterials. Nanomaterials are materials with at least one dimension less than 100 nanometers. PPG’s nanomaterial-based products include coatings for automotive, architectural, and industrial applications.
The company’s nanocoating products provide superior performance in terms of durability, corrosion resistance, and UV protection. PPG’s nanomaterials research and development activities focus on developing new coating formulations that can provide improved performance in various applications. PPG’s nanocoating products are present in various automotive, aerospace, and construction industries.
PPG Industries is a great stock to purchase for many reasons. First, the company is a leading global supplier of paints, coatings, and optical products, with a presence in more than 70 countries. This gives PPG a diversified customer base and exposure to various end markets. Second, PPG has a strong history of delivering shareholder value. It is a Dividend King, which means it has increased its dividends annually for at least the past 50 years. Third, PPG is committed to sustainability, setting ambitious targets for reducing its environmental footprint. Finally, PPG is an innovative company with a long history of developing new products and technologies. Hence, PPG’s shares are an attractive stock to purchase for long-term investors.
On the publication date, Faizan Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
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The DAWN café in central Tokyo, Japan looks like any other modern service establishments in a bustling metropolis with its sleek architecture, open space and plenty of greenery. But there’s a catch. Instead of human staff, the floor is busy with robot staff who greet customers at the door; who help them find their seat and take their orders. The robot staff can even recommend different coffee beans that customers can choose from so that a robot barista can make the perfect coffee.
The DAWN café, however, is not a story about automation-where machines take over a human task. The café is operated by Ory Laboratory, a tech startup that builds the robot servers that are operated remotely by human pilots who can’t leave their houses, and who are in many cases, bedridden. According to government statistics, Japan has over 34 million people who are house-bound due to physical disability, mental illness or old age.
DAWN which stands for “Diverse Avatar Working Network” began as a social experiment to create inclusive hospitality jobs for those who are housebound. Over 60 participants control the robots through a mouse, ipad, or gaze-controlled remote from their homes, and can see and speak to the customers through the robot. The robots have a screen displaying a photo and introduction of the person operating the robot, which helps to enhance communications between the servers and customers. According to testimonials of participants, the opportunity to work and “to be needed by others is motivating.”
One billion people, or 15 percent of the world’s population experience some form of disability, according to the World Health Population. With the increase of an ageing workforce and rising rates of chronic illness, as well as an overall decline in mental health worldwide, a focus on disabilities of varying physical, sensory, and cognitive abilities is of growing importance for the workplace. With mounting evidence of the various challenges faced by working-age people with disabilities, there is increasing awareness of, and discussion about promoting disability inclusion in the workplace.
In regards to assistive technologies making work more accessible for those with disabilities, using robots is one of several examples. A 2021 study by the World Intellectual Property Organization (WIPO) on the landscape of assistive technologies reveals a sector which has moved beyond its mechanical engineering origins to now include enabling technologies such as AI, IoT, computer/machine interface (BCI/BMI) and advanced sensors. These technologies can augment mobility, cognition, vision, hearing and communications within the workplace.
Take the example of communications, which involves the use of multiple faculties that include speech, hearing, vision, motor abilities and cognition. According to the 2021 WIPO report, special software and services for assistive communication technologies had the highest number of patent filings between 1998-2019, especially in the area of emulation software which transforms the user interface of a device (including hardware input devices) into a customized software interface for easier interaction and accessibility for users. With the rise in emulation software, large consumer electronic goods companies in the mobile and computing industry such as Apple, IBM, Microsoft, Panasonic and Samsung are leading the way.
Disability rights have been fervently supported by Apple CEO Tim Cook who believes that Apple’s commitment to accessibility is so complete that it never looks at the return of investment, but considers it “just and right.” And on April 21, 2021, Microsoft announced their five-year commitment to accelerate accessible technology development, create opportunities for more people with disabilities to enter the workforce and to build a working culture that is more inclusive for people with disabilities This announcement comes on the back of 25 years of work on accessibility at Microsoft, first triggered as a response to the 1990 American Disabilities Act.
More recently, discussion is centering around disability inclusion in non-physical spaces, such as the metaverse, and what features are necessary to ensure that it is accessible and inclusive.
Technologies, however, only are one component to addressing disability inclusion in the workplace. Many people point to the importance of developing a more inclusive corporate culture starting with developing recruitment and retention policies for disabled employees, implementation of training and awareness of disabilities in the workplace, and reframing accessibility as a syllabu that concerns everybody.
IBM Wednesday unveiled the purchase of Databand.ai, an Israel-based developer of a proactive data observability platform, which claims to catch bad data before it impacts a customer’s business.
Financial details of the acquisition, which actually closed 27 June, were not disclosed by IBM.
The term “data observability,” as defined by Databand.ai, is the blanket term for understanding the health and the state of data in a system that allows a business to identify, troubleshoot, and resolve data issues in near real-time.
Observability helps not only describe a problem for engineers, but also provides the context to resolve the problem and look at ways to prevent the error from happening again, according to Databand.ai.
“The way to achieve this is to pull best practices from DevOps and apply them to Data Operations. All of that to say, data observability is the natural evolution of the data quality movement, and it’s making DataOps as a practice possible,” the company said.
IBM expects Databand.ai to strengthen its data, AI, and automation software portfolio to ensure trustworthy data goes to the right user at the right time. The company also expects the acquisition to help Databand.ai take advantage of IBM’s own R&D investments and other IBM acquisitions.
IBM, citing Gartner, said that poor data quality costs organizations an average of $12.9 million every year while increasing the complexity of data ecosystems and leading to poor decision making.
That makes this an exciting acquisition, said Mike Gilfix, vice president of product management for data and AI at IBM.
“Bad data is expensive,” Gilfix told CRN US. “We’re excited about the fast-growing data observability market. We know when data stops, companies lose business. If you depend on data to run your company, and that data is corrupt or has other issues, we want Databand.ai to help find the issues and resolve them faster.”
Databand.ai is part of a three-legged way to bring observability to businesses, Gilfix said.
Databand.ai is focused on data observability, and is important to ensuring that data pipelines work as promised, he said.
The second leg is IBM Observability by Instana APM, which IBM acquired in late 2020. Instana brings observability specifically to applications by observing the makeup of the application and the performance of the app itself, he said.
The third is IBM Watson Studio, which brings observability to AI models, he said.
For IBM, Databand.ai is also an important component in a data fabric, which Gilfix defined as an architectural approach that enables consumers of data including engineers to access data, discover it, catch it, build data pipelines, and protect data across multiple data silos, Gilfix said.
“Many companies struggle with data silos,” he said. “A data fabric is a good way to connect those silos together.”
IBM’s indirect channel partners are an important part of the company’s observability business, and Databand.ai will be no different once it is integrated, Gilfix said.
“The channel is a big part of our business,” he said. “We believe a rich ecosystem is critical. Partners add expertise, make sure customers are successful, and bring in their own value adds to be even more successful.”
This article originally appeared at crn.com
The public key infrastructure market in global is expected to grow from US$ 1.65 Bn in 2018 to US$ 4.55 Bn by the year 2027. This represents a CAGR of 11.4% from the year 2019 to 2027.
New York, July 27, 2022 (GLOBE NEWSWIRE) -- The Insight Partners published latest research study on “Public Key Infrastructure Market to 2027 - Global Analysis and Forecasts By Component (Solution, Services); Deployment Model (Cloud, On-premise); Enterprise Size (Large Enterprises, SMEs); End User (BFSI, Retail and E-commerce, Government and Defense, IT and Telecom, Manufacturing and Automotive, Others)” The global public key infrastructure market growth is driven by increasing number of IoT devices, it is expected to have more than 1.5 billion IoT devices by 2022.
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Market Size Value in
US$ 1.65 Billion in 2018
Market Size Value by
US$ 4.55 Billion by 2027
CAGR of 11.4% from 2019-2027
No. of Pages
No. of Charts & Figures
Historical data available
Component ; Deployment Model ; Enterprise Size ; End User
North America; Europe; Asia Pacific; Latin America; MEA
US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Public key infrastructure handles authentication issues in small & medium enterprise and large enterprise. Large organizations adopt a PKI solution for ensuring continuous compliance. Also, to achieve secure communication, large organizations are adopting the Secure Sockets Layer (SSL) certificate that uses public key infrastructure for authentication and encryption. Further, companies in various regions are inclined towards providing public key infrastructure solution to large enterprises. For instance, GlobalSign Ltd. provides a highly scalable cloud-based public key infrastructure solution to offer digital identities that meet the demands of the Internet of Everything (IoE). Company's security and identity solutions allow large enterprises, cloud service providers, and Internet of Things (IoT) innovators to ensure security and privacy. The solution also protects its reputation and brand integrity and gain a competitive advantage. Hence, the offering of PKI solutions by potential companies drives the global public key infrastructure market.
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Public key infrastructure technology has been developed for exchanging information over an increasingly insecure Internet. Public key infrastructure technology delivers several benefits such as assurance of the quality of data sent and received electronically, assurance of the source and destination of that data, and assurance of the privacy of that data. Public key infrastructure can be used to provide cryptographic keys between users securely, and to enable other cryptographically delivered security services. Public Key Infrastructure also uses for supporting digital signatures and document encryption for a business. The PKI technology has become essential for effective, secure business and to achieve security and authentication requirements over non-secure networks such as the Internet.
The overall global public key infrastructure market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the global public key infrastructure market. It also provides an overview and forecast for the public key infrastructure market based on all the segmentation provided for the global region. Also, primary interviews were conducted with industry participants and commentators to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the public key infrastructure industry. Some of the players profiled in the public key infrastructure market report are Airbus S.A.S., Digicert Inc., Emudhra, Enigma Systemy Ochrony Informacji SP. Z O.O., Entrust Datacard Corporation, Futurex, Gemalto (Thales Group), IBM Corporation, Microsoft Corporation, and Securemetric.
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The global public key infrastructure market is highly competitive and fragmented. The increasing number of IoT devices is positively impacting the public key infrastructure (PKI) market. It is expected to have more than 1.5 billion IoT devices by 2022. This growth is attributed to the increasing adoption among various industries and 3GPP standardization of cellular IoT technologies. The IoT devices have hit the market in significant number but lag in security. In most of the use cases, IoT security is based on PKI and asymmetric cryptography. With the use of PKI technology, IoT devices can enable direct authentication across systems in decentralized handling of authentication. With PKI, IoT solutions can enable direct authentication across systems in decentralized handling of authentication.
The rising demand for information security solutions is broadly acknowledged in the Europe region. To address the cyber-attacks challenges, the region is adopting security solutions and focusing toward implementation of advanced technology such as public key infrastructure. Nowadays, technology is opening up whole new opportunities, with new solutions and services which are becoming integral parts of daily lives. The risk of cyber-attack is growing in the region. Hence, the region is focusing on accelerating the efforts to strengthen cybersecurity.
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Key findings of the study:
The increasing digitalization of government sector across the globe is a key opportunity for PKI vendors in the coming years. Some of the regional activities such as national identity-card projects and e-government initiatives have been promoting PKI. The increasing adoption of smart cards (which carries a digital certificate) is driving the demand for PKI. The Department of Defense's Common Access Card initiative is another factor positively impacting the growth of the PKI market.
Some of the countries promote government-to-citizen and government-to-business application of PKI. For instance, Australia's Tax Office's use onetime certificates for tax filings. While some countries have more-general PKI adoption and projects. For instance, China and Singapore are pushing PKI as part of their smart-card-based national ID-card programs. The above factors are driving the global public key infrastructure market.
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