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https://killexams.com/exam_list/IBMKillexams : Meeting the solar PV cybersecurity challenge
Alexander Hansen Bakken, cybersecurity consultant at DNV, reveals the cyber vulnerabilities arising as solar farm operational technologies become more networked and connected, and recommends approaches to reduce the risk.
Cybersecurity threats to the grid-connected solar PV sector are becoming more common, complex, and creative as hackers gradually seek opportunities to disrupt the energy industry. Energy companies have been tackling IT security for several decades. However, securing operational technology (OT) is a more recent and increasingly urgent challenge. OT refers to the computing and communications systems used to manage, monitor and control industrial operations – for example, supervisory control and data acquisition (SCADA) and programmable logic controllers (PLCs).
As OT becomes more networked and connected to IT systems, attackers can more easily access and control systems operating critical infrastructure. It is now possible for attackers to stop solar PV inverters from working, disrupt energy supply in a power grid, shut down a wind farm and disable the safety systems in pipelines, refineries or oil and gas platforms.
The impact of this emerging threat is reflected in The Cyber Priority, DNV’s study of 940 energy industry professionals on the state of the sector’s cybersecurity, published in May 2022. The vast majority (84%) anticipate cyberattacks damaging assets and infrastructure within two years. Most consider it likely that cyberattacks will compromise life (57%), the environment (74%) and disrupt operations (85%).
Table 1 illustrates some recent cyberattacks on energy industries. Two-thirds of respondents to DNV’s Cyber Priority research say such incidents have driven their own companies to make major changes to their cybersecurity strategy and systems. Three-quarters say cybersecurity has significantly higher priority for their organisation than two years ago.
The 2022 IBM X-Force Threat Intelligence Index found 10% of the attacks it observed on industries operating OT in 2021 were in the utilities sector. It commented that while IT networks were compromised in the vast majority of these attacks, “the impact carried over to victims’ OT technology in many of these instances”.
The evolving threat landscape challenges solar PV asset owners, operators and suppliers to ask: ‘What are the cyber risks? What effects could a successful cyberattack have? How do we prevent and detect such attacks? And how do we respond if an attack is detected?’
A cyberattack led to a satellite link fault halting remote monitoring/control of wind turbines and solar PV plants. Thousands of satellite ground-terminal units needed replacing. Some solar PV plants used the radio link but were unaffected. There was speculation that the attack aimed to cripple Ukrainian command and control, with cascading effects impacting European countries, notably Germany. Germany has now issued a plan to prevent a repeat. 
Ransomware attack on IT led to a six-day shutdown of the Colonial Pipeline carrying 45% of the US East Coast’s gasoline, diesel, and jet fuel. 
Solar PV (and wind) went offline in Utah after a cyberattack on a firewall halted communications between generating sites and a central control centre. Hackers caused similar ‘blind spots’ at a power grid control centre and small generation sites in California and Wyoming, without disrupting electricity supply. 
Malware attack on Kudankulam Nuclear Power Plant in Tamil Nadu hit a single PC on an administrative internet server. Plant systems were not affected. 
2015 & 2016
The first known cyberattack that targeted a power grid and halted electricity supply (to parts of Kiev), reportedly via remote control of SCADA and substation infrastructure. The 2015 attack was more ‘manual’ in nature, whereas the similar 2016 incident was malware-induced. The latter, a malware framework known as CrashOverride or Industroyer, uses legitimate and standardized SCADA and grid protocols like IEC 104 and OPC to disrupt grid operation. Ukraine also says it fended off a Russian cyberattack on its power grid during the ongoing Russian invasion in 2022. 
Table 1: selected actual and possible cyberattacks on energy infrastructure 2015–2022.
Examples of potential cyber vulnerabilities in grid-connected solar PV include those that can be found in OT that manages generation, inverters and the voltage of power supplied to the grid (Figure 1). Voltage control assists grid balancing to avoid damaging electricity users’ equipment or tripping shutdown of electrical equipment.
Inverters are increasingly ‘smart’. They are software-enabled, communicating with grids and remote centres handling operations and diagnostics. Some inverter suppliers offer software for remote access and control of their equipment, and several solar PV parks have multi-vendor remote access to aid maintenance and monitoring. These technologies can boost availability of power to the grid, lessen voltage fluctuations, reduce the levelised cost of electricity (LCOE) and raise profitability. Even where software updates and patches are part of the package, however, purchasers need to be sure they will not be exposed to the potential consequences of unacceptable cyber risk (see box ‘Third-party IT services’).
Third-party IT services and cyber risk
Third-party IT services may have cyber vulnerabilities that could be remotely exploited and pose a potential threat for propagating further into IT and OT environments of a solar PV company. An example is remote internet protocol CCTV cameras monitoring the PV plant and normally installed within substation housings/enclosures. This service may well be provided by a third-party vendor with no knowledge or concern about industrial cyber risks. Many such CCTV systems are publicly available/accessible on the internet, perhaps via something as trivial as a default password (i.e. misconfiguration) or a weak password. If this CCTV system is then connected to the PV SCADA server, a hacker could gain access to the server by using the CCTV internet connection as a back door. In India in 2021, hackers are thought to have gained control of internet-connected DVR/IP camera devices for command and control (C2) of Shadowpad malware infections, as well as use of the open-source tool FastReverseProxy (FRP), though not in the solar PV context.
A cyberattack might result in a solar PV project going offline. An operator detecting a threat to their IT environment may disconnect their OT to guard against malicious actors accessing and controlling their OT. Or a hacker may bypass weak physical security or access controls, thereby directly accessing solar OT. The attacker’s motive could be to immediately cut off grid connection or try to obtain a persistent remote command & control channel to disrupt operations in the future. If a company takes solar PV generation offline in a controlled manner, there is less risk of grid instability. If a cyberattack forces it offline, the risk of grid instability significantly increases. The inertia of synchronous generators in traditional power grids help mitigate oscillations. But inertia decreases with increasing penetration of inverter-dominated renewable power plants including solar. This can reduce the quality of the power and makes the network susceptible to power cuts.
Either way, attacks interrupting power supply and/or damaging the grid could lead to an operator paying financial penalties and/or damages. There could also be lost payments for energy not supplied and, if metering is compromised, through underpayment. The attacker could also steal data including names, passwords and other sensitive information. They could then use or sell the stolen data for identity theft purposes including fraud and accessing other parts of the solar and/or grid’s OT and IT environments. A hacker accessing OT could damage inverters, motors for moving solar panels and connected battery storage systems (BSS).
In addition, disruption to supply due to cyberattacks could damage the generator’s reputation for reliability with customers, including those with which it may have power purchasing agreements (PPAs).
Solar’s growing cyber challenge
DNV’s Energy Transition Outlook forecasts that 69% of grid-connected power generation will be from solar and wind in 2050, and that global installed solar capacity will double by 2025 and quadruple to 3,000GW by 2030. Solar PV cybersecurity therefore becomes part of the climate change discussion given the role the sector will play in decarbonising energy. The more critical it becomes to the world’s energy systems, the greater target it presents to cyber criminals.
As the frequency and consequences of industrial cyberattacks escalate, regulatory oversight of companies with industrial operations will increase. Heightened risk of cyberattacks on critical infrastructure will bring stricter requirements for organisations to demonstrate control of their own and their suppliers’ security.
This trend is already in motion. North America has speedily introduced new regulation in response to rising security threats and recent cyberattacks on companies operating critical infrastructure such as the Colonial Pipeline. New measures have included mandates for government contractors to strengthen their networks. Another example is Europe’s Directive (EU) 2016/1148 Security of Network and Information Systems, which is being updated.
Industry standards will also become increasingly important. Companies across the supply chain will more frequently need to apply – and demonstrate the application – of standards, guidelines and best practice in designing and operating energy infrastructure that involves communicating and storing data. For example, the ISA/IEC 62443 series of standards provides a flexible framework to address and mitigate current and future security vulnerabilities in industrial automation and control systems. ISO/IEC 27001 standards provide requirements for an information security management system, enabling any organisation to manage the security of assets such as financial information, intellectual property, employee details or information entrusted by third parties.
The essence of ensuring cybersecurity is to assess and mitigate cybersecurity risks related to people, processes, and technology. At DNV, we recommend companies in the solar PV sector to consider four important issues when addressing cybersecurity: budget for cybersecurity; determine your vulnerabilities; maintain focus on your supply chain; and invest in people.
Budget for cybersecurity
With few published accounts of cyberattacks on solar PV infrastructure, it can be tempting for companies in the sector to assume that an attack is unlikely to happen in their own back yard. They would not be alone. Our research suggests that some energy industry companies may be playing ‘wait and see’ rather than launching long-term strategies and investment to build defence against attacks that could cost them dearly.
However, with life, property, and the environment now firmly at stake, senior management mindsets towards cybersecurity are tangibly shifting. The default position of company boards and c-suites was once to ensure compliance with cybersecurity regulation and standards, then move on to another year. Now, companies increasingly realise that they can still be compliant even if a significant issue is missed in their cybersecurity audit samples. More risk-averse top-level managers are starting to ask what compliance means and whether it earns them a get-out-of-jail card if a severe incident happens. The answer is ‘no’. With cyber risk potentially translating into financial and reputational risk, directors will also want to ensure that the company is always aware of its cybersecurity status and constantly informed of the threat landscape and methods of defence against it.
Those responsible for oversight of the cybersecurity of operations and grid connections will come under increasing pressure to assure boards that the organisation is compliant and confidently cyber secure. But they may still struggle to reserve the budgets they need to upgrade their capabilities while large demands are being made on company finances to pay for digitalisation and energy-transition programmes. The Cyber Priority found around a third of respondents, on average, indicated that they are underinvesting in their IT and OT security capabilities. In arguing the case for the investment needed, it pays to articulate and demonstrate how cybersecurity can add value by supporting business continuity, license to operate, reputation, compliance and dealing with regulators.
Determine your vulnerabilities
Nearly two-thirds (60%) of organisations with industrial operations are unaware of their technologies’ vulnerabilities, according to Gartner’s 2021 Market Guide for OT Security. The most urgent task confronting energy sector companies is to discover where projects and operations are exposed to threats before hackers do. What is the attack surface and the potential entry points of attacks? By having a clear and complete overview of their environments, companies can prioritise the vulnerabilities and non-conformities they must address to stay confidently cyber secure. It allows them to put the right people, processes and technologies in place to build effective protection.
Knowing your system’s weaknesses and vulnerabilities requires, among other things, a detailed, accurate, up-to-date network topology depicting how components interconnect and communicate (see text box, ‘The network topology’). The topology should reflect a complete inventory listing of the solar PV IT-OT network, including both the internal local area network (LAN) and connections to the external wide area network (WAN). It should detail what the ‘equipment under control’ is, and what every server, switch, wireless transmitter (e.g., Wi-Fi router or SAT-COM terminal), PLC/RTU, internet-connected gadget and so on in the network is used for.
The network topology
Typically a drawing, it may include network segments, switches, servers, routers, workstations, laptops, tablets, smartphones communication protocols, type of wired cables used, device specific information like OS version, IP address, MAC address, the number/type of physical ports, etc. and other details. Operational technology includes any software/hardware interacting with sensors, actuators and controllers, such as programmable logic circuits (PLCs) and human-machine interfaces (HMIs). An asset inventory of all hardware (e.g. inverters) and software running on it is also needed. If the topology and/or inventory is likely to change frequently, generating the inventory dynamically can ensure it is always updated when changes occur. If the system is complex, break it down to several network topographies and have these available before calling in cyber experts such as DNV to assist with actions such as risk assessment, gap analysis and penetration testing. These experts can also assist the development of a network topology.
Even the running software services and open physical/logic ports on the devices should be scrutinised, assessed and evaluated with critical eyes. Otherwise, assessing cyber risk may focus too narrowly on the confidentiality, integrity and availability of information, without adequately considering consequences related to safety, reliability and productivity of the assets. For example, a fire in a BSS deliberately overloaded by hackers could have safety and environmental effects and damage assets.
Knowing where your infrastructure has physical vulnerabilities is as important as knowing where you are digitally exposed. Hackers have been known to seek physical access to substations, servers and switches to gain control of critical infrastructure. Physical security therefore also needs continuous mapping, checking and improvement. Investing in proper routines and procedures for both cyber and physical security is imperative to any organisation that values its tangible and non-tangible assets.
Maintain focus on your supply chain
Undiscovered vulnerabilities along the supply chain can completely undermine a solar PV operator’s in-house cybersecurity effort. The Cyber Priority highlights supply-chain blind spots creating cyber risk. Less than a third of energy professionals working with OT say their company invests in cybersecurity of supply chains and equipment vendors. Just 12% with OT rank such oversight as a core area of maturity.
Many energy companies apply industry standards and recommended practices to help ensure cyber-secure OT/IT implementations. For instance, DNV advises operators and supplies on best practice to ensure conformity to IEC 62443 standards.
Log4Shell shows supply-chain risk
The widely reported Log4Shell vulnerability for the popular Java programming language exemplifies risk originating in a supply chain. It was discovered in 2021, in a tool used in cloud servers and enterprise software globally, and in both IT and OT. Hackers could remotely exploit it without needing authentication or special access privileges to servers. Energy sector companies quickly patched and created workarounds for Log4Shell and to safeguard their IT and OT environments. But many may have been slower to assure that their equipment vendors and system suppliers were also taking appropriate action.
Accurate cyber risk assessment across the solar value chain is also needed to write adequate cybersecurity requirements into contracts with suppliers and subcontractors.
At DNV, we recommend that supply chain audits and vendor cybersecurity requirements are implemented during procurement, installation and operation of equipment, systems and software. Getting a comprehensive view of internal and external risk includes assessing cybersecurity service vendors and cyber risk from other product/service vendors, including systems as highlighted in the 2022 cyberattack incident in Germany (see Table 1). Vendors should also assess their cybersecurity risk to customers.
Regulatory change and lack of common regulations and standards mean energy industries need internal and/or external experts who can anticipate and keep up with what is happening. Closing off cyber vulnerabilities requires cybersecurity leaders with holistic understanding of IT, engineering, health, safety, environment and quality, in the organisation and the specific industry.
Similar considerations apply when assessing other vendor types. DNV has deep knowledge of these through its long record of providing domain-specific cybersecurity verification services for thirdparty suppliers’ components in energy infrastructure. This has involved simulating cyberattacks on converging OT and IT environments to assess for vulnerabilities.
Cybersecurity of power grid protection devices
DNV Recommended Practice (RP) DNV-RP-0575 is applicable to companies involved in operating, managing and securing existing (second and third generation) substations. The RP describes 45 risk-reducing measures, covering people, processes and technology, to minimise attack surfaces and counter threats to power systems. These measures are based on a comprehensive review of current EU and US legislation, and currently applicable standards and guidelines on cybersecurity in operational technology. The RP is free to download from the DNV website.
Vendors must also protect themselves and their customers; for example, by knowing what cybersecurity measures are needed to comply with when tendering for or working to contract. Vendors should know if they can comply with terms and conditions agreed with customers, whether they are doing so and, if not, what they are doing about it. Otherwise, a vendor could be exposed to significant liabilities. Vendors should also ask what their approach to cybersecurity says to existing and potential customers about a vendor’s cyber vulnerabilities and trustworthiness on other security issues such as data or commercially sensitive documents.
Invest in people
A company’s workforce is the first line of defence against cyberattacks. Encouragingly, 78% of energy professionals report their organisation making education/ training a priority in cybersecurity budgets. However, when asked where their organisation is most mature in its cybersecurity, they cited upgrades to core IT systems and software (59%) more than training (41%) or introducing cybersecurity expertise (25%). Only 31% of energy professionals are confident they know exactly what to do if they were concerned about a potential cyber risk or threat on their organisation.
One explanation for these findings is that businesses had to focus on widespread, urgent upgrades (e.g., patches and firewalls) to existing and aging technology infrastructure to block hackers. The industry now needs to invest more evenly across the people and technology disciplines of cybersecurity. Companies should not cut investment in technology upgrades, but need to expand workforce training while exploring what specialist knowledge needs bringing in.
For robust cyber defence, businesses also need deep understanding of each energy domain, whether solar, wind, nuclear, or oil and gas, and assurance that cyber processes will not impact production or their long-term goals around the energy transition. The cyber vulnerabilities of IT and OT environments need understanding both separately and in combination, and always in the relevant industrial context.
1. ‘Germany unveils plan to tackle cyberattacks on satellites’, theregister.com, 5 July 2022
2. ‘Hackers breached Colonial Pipeline using compromised password’, bloomberg.com, 4 June 2021
3. ‘First-of-a-kind U.S. grid cyberattack hit wind, solar’, governorswindandenergycoalition.org, 3 November 2019
4. ‘Cyber attack on Kudankulam nuclear power plant – A wake up call’, PK Mallick, Publ. Vivekananda International Foundation, 2019, ISBN: 978-81-943795-2-2
5. ‘Russian hackers tried to bring down Ukraine’s power grid to help the invasion’, MIT Technology Review, 12 April 2022, www. technologyreview.com
Mon, 17 Oct 2022 00:00:00 -0500en-UStext/htmlhttps://www.pv-tech.org/meeting-the-solar-pv-cybersecurity-challenge/Killexams : IBM’s former CEO downplays the importance of a college degree for six-figure earning ‘new collar’ jobs that now make up half of its workers
A four-year bachelor’s degree has long been the first rung to climbing America’s corporate ladder.
“I really do believe an inclusive diverse workforce is better for your company, it’s good for the business,” Ginni Rometty, former IBM CEO, told Fortune Media CEO Alan Murray during a panel last month for Connect, Fortune’s executive education community. “That’s not just altruistic.”
Under Rometty’s leadership in 2016, tech giant IBM coined the term “new collar jobs” in reference to roles that require a specific set of skills rather than a four-year degree. It’s a personal commitment for Rometty, one that hits close to home for the 40-year IBM veteran.
When Rometty was 16, her father left the family, leaving her mother, who’d never worked outside the home, suddenly in the position to provide.
“She had four children and nothing past high school, and she had to get a job to…get us out of this downward spiral,” Rometty recalled to Murray. “What I saw in that was that my mother had aptitude; she wasn’t dumb, she just didn’t have access, and that forever stayed in my mind.”
When Rometty became CEO in 2012 following the Great Recession, the U.S. unemployment rate hovered around 8%. Despite the influx of applicants, she struggled to find employees who were trained in the particular cybersecurity area she was looking for.
“I realized I couldn’t hire them, so I had to start building them,” she said.
Through P-TECH, Rometty visited “a very poor high school in a bad neighborhood” that received the company’s support, as well as a community college where IBM was offering help with a technology-based curriculum and internships.
“Voilà! These kids could do the work. I didn’t have [applicants with] college degrees, so I learned that propensity to learn is way more important than just having a degree,” Rometty said.
Realizing the students were fully capable of the tasks that IBM needed moved Rometty to return to the drawing board when it came to IBM’s own application process and whom it was reaching. She said that at the time, 95% of job openings at IBM required a four-year degree. As of January 2021, less than half do, and the company is continuously reevaluating its roles.
For the jobs that now no longer require degrees and instead rely on skills and willingness to learn, IBM had always hired Ph.D. holders from the very best Ivy League schools, Rometty told Murray. But data shows that the degree-less hires for the same jobs performed just as well. “They were more loyal, higher retention, and many went on to get college degrees,” she said.
Rometty has since become cochair of OneTen, a civic organization committed to hiring, promoting, and advancing 1 million Black individuals without four-year degrees within the next 10 years.
If college degrees no longer become compulsory for white-collar jobs, many other qualifications—skills that couldn’t be easily taught in a boot camp, apprenticeship program, or in the first month on the job—could die off, too, University of Virginia Darden School of Business professor Sean Martin told Fortunelast year.
“The companies themselves miss out on people that research suggests…might be less entitled, more culturally savvy, more desirous of being there,” Martin said. Rather than pedigree, he added, hiring managers should look for motivation.
That’s certainly the case at IBM. Once the company widened its scope, Rometty said, the propensity to learn quickly became more of an important hiring factor than just a degree.
The overall sentiment of these big-money traders is split between 27% bullish and 72%, bearish.
Out of all of the special options we uncovered, 7 are puts, for a total amount of $1,280,392, and 4 are calls, for a total amount of $243,682.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $105.0 to $165.0 for IBM over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for IBM's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of IBM's whale activity within a strike price range from $105.0 to $165.0 in the last 30 days.
IBM Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
Total Trade Price
Total Trade Price
Where Is IBM Standing Right Now?
With a volume of 2,052,099, the price of IBM is up 1.05% at $118.99.
RSI indicators hint that the underlying stock may be approaching oversold.
Next earnings are expected to be released in 8 days.
What The Experts Say On IBM:
Morgan Stanley has decided to maintain their Overweight rating on IBM, which currently sits at a price target of $152.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for IBM, Benzinga Pro gives you real-time options trades alerts.
IBM, which three years ago acquired Red Hat, is now moving Red Hat OpenShift Data Foundation and Red Hat Ceph, along with their development teams, into IBM Storage as part of a move to make a bigger play in the software-defined and open-source storage worlds.
IBM Tuesday said it has absorbed storage technology and teams from its Red Hat business to combine them with IBM’s own storage business unit as a way to help clients take advantage of the two without requiring extra integration or having to deal with multiple sales teams.
IBM is integrating Red Hat OpenShift Data Foundation with its IBM Spectrum Fusion and will offer Red Hat Ceph-based storage technologies to its clients in a move to continue Big Blue’s software-defined storage leadership, said Brent Compton, senior director of Data Foundation for Red Hat’s hybrid cloud business.
“OpenShift Data Foundation and Ceph will become a big part of IBM Storage,” he said. “IBM has been looking for a way to take advantage of Ceph and ODF, and now it can.”
Ceph is an open-source software-defined object storage technology with interfaces for object, block and file storage. Red Hat OpenShift Data Foundation is a software-defined container-native storage that provides cluster data management capabilities as part of the OpenShift container platform.
Scott Baker, chief marketing officer and vice president of IBM hybrid cloud portfolio and product marketing, told CRN the move to combine Red Hat and IBM storage technologies sets the stage for growth in the combined software-defined storage portfolio.
“Customers not only get a choice of where storage runs—at the edge, in the cloud, or on-prem—but will find storage software releases will no longer be tied to the timing of storage hardware releases,” Baker said. “For instance, IBM normally enhances its Spectrum Virtualize or Spectrum Scale with new versions of the IBM FlashSystem. But with software-defined storage, we can drive changes quicker if they’re not tied to hardware releases.”
By bringing Red Hat OpenShift Data Foundation and Ceph into IBM, customers get the opportunity to access unified block, file, and object storage without regard to the actual underlying hardware, Baker said.
“They can use Ceph to add the right type of storage depending on the protocol they need,” he said. “Ceph and ODF also simplifies how IBM provides data storage and protection. To do all that with IBM’s storage portfolio takes time. With CEF and ODF as part of IBM Storage, this can get done immediately.”
It really is the best of both worlds, as Red Hat customers will also see strong benefits from IBM Storage, Compton said.
“It’s important to note that IBM will continue to offer OpenShift Data Foundation inside the Red Hat OpenShift Platform Plus hybrid cloud platform,” he said. “So if a customer gets pre-integrated OpenShift Data Foundation inside Red Hat OpenShift Platform Plus, it accelerates their time to market. There’s no need to integrate the storage. This will not change.”
Also, Red Hat OpenShift customers have used Ceph to accelerate their time to scale for years, and Red Hat will continue to sell Ceph, Compton said.
“But by moving Ceph to IBM Storage, IBM will accelerate development of the storage-specific features,” he said. “Red Hat is not a storage company. So this will accelerate development of unified capabilities.”
IBM’s storage move makes good on the potential many saw with the company’s acquisition of Red Hat, said John Teltsch, chief revenue officer at Converge Technology Solutions, a Gatineau, Quebec-based solution provider and channel partner to both IBM and Red Hat that ranked No. 36 on CRN’s 2022 Solution Provider 500.
“This is something the channel has been waiting for ever since IBM acquired Red Hat,” Teltsch told CRN. “IBM has been doing a lot around software-defined storage. And when you add in Red Hat, it gives us an integrated solutions play. It lets us build an integrated sales team. We don’t have to first talk about IBM storage capabilities, and then bring in our Red Hat team to talk about Red Hat.”
Converge Technology Partners’ IBM and Red Hat sales teams are currently two separate teams, said Teltsch, who joined the company in March from IBM, where he held numerous sales leadership roles, including two years as Big Blue’s channel chief.
“Once IBM and Red Hat storage are together, it gets more simple to sell,” he said. “And it simplifies our training while IBM will have one integrated set of offerings for its clients. This lets us bring the best of Red Hat open-source capabilities with IBM storage. We’re living in a data-driven world. This move simplifies our go-to-market, as well as simplifies the client experience, client engagement, and client adoption.”
Joseph F. Kovar is a senior editor and reporter for the storage and the non-tech-focused channel beats for CRN. He keeps readers abreast of the latest issues related to such areas as data life-cycle, business continuity and disaster recovery, and data centers, along with related services and software, while highlighting some of the key trends that impact the IT channel overall. He can be reached at firstname.lastname@example.org.
Tue, 04 Oct 2022 19:00:00 -0500entext/htmlhttps://www.crn.com/news/storage/ibm-assimilates-red-hat-storage-technology-into-own-storage-businessKillexams : Hatter assimilation: Some Red Hat employees will switch to IBM in consolidation
RESEARCH TRIANGLE PARK – An undisclosed number of Red Hat employees will move to IBM as part of a consolidation move uniting the tech giant’s data storage offerings under one name. The move reflects the importance IBM places on cloud computing – and why it acquired Red Hat in the first place.
It’s also perhaps the first big sign of the “Borg” (IBM) assimilating the open-source flagship (Red Hat) Enterprise. Example: Cloud data news site Blocks and Files says the consolidation means IBM is “deepening its assimilation of Red Hat.”
“Red Hat storage product roadmaps and Red Hat associate teams” are moving to the IBM Storage business, the companies said.
The deal is an attempt to capitalize on what tech research firm Gartner says is a surging demand for so-called hybrid cloud services – a blend of private and public cloud offerings. IBM cited Garner research as forecasting that in three years 60% of what it calls “infrastructure and operations leaders” will embrace hybrid clouds, up from 20% today.
IBM bought Raleigh-based Red Hat for $34 billion in a deal that closed three years ago but in many ways the company have remained separate. At that time IBM justified Red Hat’s strength in cloud computing as the driving force in the deal, citing the cloud as a trillion-dollar business opportunity.
But the consolidation announced Tuesday means Big Blue will soon offer what it calls a “consistent application and data storage across on-premises infrastructure and cloud.”
“Red Hat and IBM have been working closely for many years, and today’s announcement enhances our partnership and streamlines our portfolios,” said Denis Kennelly, general manager of IBM Storage, IBM Systems, in the announcement. “By bringing together the teams and integrating our products under one roof, we are accelerating the IBM’s hybrid cloud storage strategy while maintaining commitments to Red Hat customers and the open-source community.”
IBM says “clients will have access to a consistent set of storage services while preserving data resilience, security, and governance across bare metal, virtualized and containerized environments.”
Red Hat’s OpenShift Data Foundation tech will become the “foundation” for what IBM calls “Spectrum Fushion.”
“This combines IBM and Red Hat’s container storage technologies for data services and helps accelerate IBM’s capabilities in the burgeoning Kubernetes platform market,” IBM says.
The move also involves the open source community known as Ceph which Ceph has trademarked as “the future of storage.”
IBM says it “intends to offer new Ceph solutions delivering a unified and software defined storage platform that bridges the architectural divide between the data center and cloud provider.” Big Blue will replace Red Hat as the primary sponsor of the community.
“Red Hat and IBM have a shared belief in the mission of hybrid cloud-native storage and its potential to help customers transform their applications and data,” said Joe Fernandes, vice president of hybrid platforms at Red Hat. “With IBM Storage taking stewardship of Red Hat Ceph Storage and OpenShift Data Foundation, IBM will help accelerate open-source storage innovation and expand the market opportunity beyond what each of us could deliver on our own. We believe this is a clear win for customers who can gain a more comprehensive platform with new hybrid cloud-native storage capabilities.”
Tue, 04 Oct 2022 12:00:00 -0500en-UStext/htmlhttps://wraltechwire.com/2022/10/05/hatter-assimilation-some-red-hat-employees-will-switch-to-ibm-in-consolidation/Killexams : Better Buy: IBM Stock vs. 2-Year Treasury Notes
Investors this year increasingly turned away from dividend stocks in favor of the rising yields being offered on bonds. Given that investors can now earn a 4.3% return on a 2-year Treasury note, many prefer that guaranteed return to the risks of putting money into the stock market.
International Business Machines(IBM1.23%) offers a dividend yield that exceeds that bond return. But with a bear market in progress, are investors better served to take a chance on the cloud stock or to take the 4.3% return at virtually zero risk?
IBM and its dividend
IBM didn't participate in the bull market of the 2010s. The stock dropped as its tech businesses suffered a considerable growth slowdown. In an effort to change that, IBM pivoted into the cloud computing sector aggressively, in part via its $34 billion purchase of Red Hat in 2019. Grand View Research forecasts a compound annual growth rate of 16% through 2030 for the cloud industry. Growth like that could certainly help both IBM and its stock.
Also, IBM spun off its managed infrastructure business into a new public company, Kyndryl. This business was less of a fit with the parent company amid its pivot to the cloud. Separating it off should make it easier for IBM to grow its revenue.
Time will tell if these moves can help the stock price recover. Nonetheless, IBM currently pays its shareholders $1.65 per share every quarter, or $6.60 per share annually. At the current stock price, that adds up to a yield of 5.6% per year. Moreover, depending on your financial situation, the IRS may tax your dividends at a lower capital gains rate, which can offer an added advantage.
Additionally, IBM hiked its payout annually for 27 consecutive years, making it a Dividend Aristocrat. That status carries some importance as many income investors will be more inclined to buy and hold IBM stock because of this status. Also, since abandoning Dividend Aristocrat status tends to hurt a stock, management will probably prioritize maintaining it by continuing to raise those payouts.
Investors also can also reinvest their dividend payments into more IBM stock. However, such newly purchased shares will pay you the dividend yield at that time. The return will rise if the stock falls since investors can buy the exact cash return at a lower price. Conversely, cash yields will drop if the stock rises, but those investors still benefit since the stock has increased in value.
What to know about 2-year Treasury notes
U.S. Treasury notes offer more stability than stocks such as IBM. Investors who purchase the 2-year Treasury note receive semiannual interest payments. At the current interest rate of 4.3%, investors will receive a 2.15% cash return on their invested amount in each of the subsequent three six-month periods. In the fourth period, when the note matures, investors receive the final 2.15% payment along with the return of their principal.
Investors should also be aware that bond values can fluctuate. If interest rates drop, the value of the bond will fall; the opposite will happen if rates rise. This affects investors if they decide to sell the bond early. Upon maturity, the note will return to its par (or nominal) value.
Additionally, bond interest payments are subject to federal income tax but exempt from state and local taxes. In some cases, this is higher than taxes on dividends. Still, bond issuers are obligated to make such payments. In contrast, IBM faces no legal obligation to continue its dividend.
Also, like with a stock, investors can reinvest their interest payments into more notes or other forms of Treasury bonds. However, those purchases will be subject to the prevailing interest rates at that time.
IBM or the 2-year Treasury note?
Investors who lack much risk tolerance should choose the Treasury note. Given its guaranteed return, they will not have to worry about volatility.
Nonetheless, for investors comfortable with buying stocks, IBM is a surprisingly strong buy. The cloud industry is in growth mode, which should propel IBM stock to a long-awaited turnaround. Moreover, IBM has repeatedly shown it wants to hold on to its Dividend Aristocrat status. This should deliver its income investors returns that are not only larger than the bonds offer, but also likely to increase in size.
Will Healy has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Thu, 13 Oct 2022 17:25:00 -0500Will Healyentext/htmlhttps://www.fool.com/investing/2022/10/14/better-buy-ibm-stock-vs-2-year-treasury-note/Killexams : IBM Redefines Hybrid Cloud Application and Data Storage Adding Red Hat Storage to IBM Offerings
Newly expanded software-defined storage portfolio enables IBM to deliver a consistent experience from edge-to-core-to-cloud
ARMONK, N.Y., Oct. 4, 2022 /PRNewswire/ -- IBM (NYSE: IBM) announced today it will add Red Hat storage products and Red Hat associate teams to the IBM Storage business unit, bringing consistent application and data storage across on-premises infrastructure and cloud.
With the move, IBM will integrate the storage technologies from Red Hat OpenShift Data Foundation (ODF) as the foundation for IBM Spectrum Fusion. This combines IBM and Red Hat's container storage technologies for data services and helps accelerate IBM's capabilities in the burgeoning Kubernetes platform market.
In addition, IBM intends to offer new Ceph solutions delivering a unified and software defined storage platform that bridges the architectural divide between the data center and cloud providers. This further advances IBM's leadership in the software defined storage and Kubernetes platform markets.
According to Gartner, by 2025, 60% of infrastructure and operations (I&O) leaders will implement at least one of the hybrid cloud storage architectures, which is a significant increase from 20% in 2022.1 IBM's software defined storage strategy is to take a "born in the cloud, for the cloud" approach—unlocking bi-directional application and data mobility based on a shared, secure, and cloud-scale software defined storage foundation.
"Red Hat and IBM have been working closely for many years, and today's announcement enhances our partnership and streamlines our portfolios," said Denis Kennelly, general manager of IBM Storage, IBM Systems. "By bringing together the teams and integrating our products under one roof, we are accelerating the IBM's hybrid cloud storage strategy while maintaining commitments to Red Hat customers and the open-source community."
"Red Hat and IBM have a shared belief in the mission of hybrid cloud-native storage and its potential to help customers transform their applications and data," said Joe Fernandes, vice president of hybrid platforms, Red Hat. "With IBM Storage taking stewardship of Red Hat Ceph Storage and OpenShift Data Foundation, IBM will help accelerate open-source storage innovation and expand the market opportunity beyond what each of us could deliver on our own. We believe this is a clear win for customers who can gain a more comprehensive platform with new hybrid cloud-native storage capabilities."
As customers formulate their hybrid cloud strategies, critical to success is the emphasis and importance of infrastructure consistency, application agility, IT management and flexible consumption consistency as deciding factors to bridge across on-premises and cloud deployments.
With these changes to the IBM portfolio, clients will have access to a consistent set of storage services while preserving data resilience, security, and governance across bare metal, virtualized and containerized environments. Some of the many benefits of the software defined portfolio available from IBM will include:
A unified storage experience for all containerized apps running on Red Hat OpenShift: Customers can use IBM Spectrum Fusion (now with Red Hat OpenShift Data Foundation) to achieve the highest levels of performance, scale, automation, data protection, and data security for production applications running on OpenShift that require block, file, and/or object access to data. This enables development teams to focus on the apps, not the ops, with infrastructure-as-code designed for simplified, automated managing and provisioning.
A consistent hybrid cloud experience at enterprise levels of scale and resiliency with IBM Ceph: Customers can deliver their private and hybrid cloud architectures on IBM's unified and software defined storage solution, providing capacity and management features. Capabilities include data protection, disaster recovery, high availability, security, auto-scaling, and self-healing portability, that are not tied to hardware, and travel with the data as it moves between on-premises and cloud environments.
A single data lakehouse to aggregate and derive intelligence from unstructured data on IBM Spectrum Scale: Customers can address the challenges that often come with quickly scaling a centralized data approach with a single platform to support data-intensive workloads such as AI/ML, high performance computing, and others. Benefits can include less time and effort to administer, reduced data movement and redundancy, direct access to data for analytics tools, advanced schema management and data governance, all supported by distributed file and object storage engineered to be cost effective.
Build in the cloud, deploy on-premises with automation: Customers can move developed applications from the cloud to on-premises services, automate the creation of staging environments to test deployment procedures, validate configuration changes, database schema and data updates, and ready package updates to overcome obstacles in production or correct errors before they become a problem that affects business operations.
"IBM and Red Hat speaking with one voice on storage is delivering the synergies derived from IBM's Red Hat acquisition," said Ashish Nadkarni, group vice president and general manager, Infrastructure Systems at IDC. "The combining of the two storage teams is a win for IT organizations as it brings together the best that both offer: An industry-leading storage systems portfolio meets an industry-leading software-defined data services offering. This initiative enables IBM and Red Hat to streamline their family of offerings, passing the benefits to their customers. It also helps accelerate innovation in storage to solve the data challenges for hybrid cloud, all while maintaining their commitment to open source."
Preserving commitment to Red Hat clients and the community
Under the agreement between IBM and Red Hat, IBM will assume Premier Sponsorship of the Ceph Foundation, whose members collaborate to drive innovation, development, marketing, and community events for the Ceph open-source project. IBM Ceph and Red Hat OpenShift Data Foundation will remain 100% open source and will continue to follow an upstream-first model, reinforcing IBM's commitment to these vital communities. Participation by the Ceph leadership team and other aspects of the open-source project is a key IBM priority to maintain and nurture ongoing Red Hat innovation.
Red Hat and IBM intend to complete the transition by January 1, 2023, which will involve the transfer of storage roadmaps and Red Hat associates to the IBM Storage business unit. Following this date, Red Hat OpenShift Platform Plus will continue to include OpenShift Data Foundation, sold by Red Hat and its partners. Additionally, Red Hat OpenStack customers will still be able to buy Red Hat Ceph Storage from Red Hat and its partners. Red Hat OpenShift and Red Hat OpenStack customers with existing subscriptions will be able to maintain and grow their storage footprints as needed, with no change in their Red Hat relationship.
Forthcoming IBM Ceph and IBM Spectrum Fusion storage solutions based on Ceph are expected to ship beginning in the first half of 2023.
Statements regarding IBM's future direction and intent are subject to change or withdrawal without notice and represent goals and objectives only. Red Hat, Ceph, Gluster and OpenShift are trademarks or registered trademarks of Red Hat, Inc. or its subsidiaries in the U.S. and other countries.
About IBM IBM is a leading global hybrid cloud and AI, and business services provider, helping clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,800 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently, and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM's legendary commitment to trust, transparency, responsibility, inclusivity, and service. For more information, visit www.ibm.com for more information.
Tue, 04 Oct 2022 01:24:00 -0500en-UStext/htmlhttps://finance.yahoo.com/news/ibm-redefines-hybrid-cloud-application-130000004.htmlKillexams : IBM merges its data storage offerings with Red Hat’s OpenShift and Ceph
IBM Corp. is making some big changes to its data storage services, announcing today that it will bring Red Hat Inc.’s storage products and associates under the “IBM Storage” umbrella.
The aim, IBM said, is to deliver a more consistent application and data storage experience across on-premises and cloud infrastructures. It’s a big move that will see IBM Spectrum Fusion data management software adopt the storage technologies of Red Hat’s OpenShift Data Foundation as its new base layer.
Even more interesting, perhaps, is that the open-source Red Hat Ceph Storage offering will be transformed into a new IBM Ceph storage offering. IBM said this will result in a unified, software-defined storage platform that’s better able to bridge the architectural divide between data centers and cloud computing providers.
The computing giant said the move is in line with its software-defined storage strategy of a “born in the cloud, for the cloud” approach that will unlock bidirectional application and data mobility based on a shared, secure and cloud-scale solution.
IBM Systems General Manager of Storage Denis Kennelly said the shift is designed to streamline the two companies’ portfolios. “By bringing together the teams and integrating our products under one roof, we are accelerating IBM’s hybrid cloud strategy while maintaining commitments to Red Hat’s customers and the open-source community,” he insisted.
The company presented the changes as a big win for customers, saying they will gain access to a more consistent set of storage services that preserve data resilience, security and governance across bare metal, virtualized and containerized environments. More specifically, IBM is promising that customers will have a more unified storage experience for container-based applications running on Red Hat OpenShift, with the ability to use IBM Spectrum Fusion, which is now based on Red Hat OpenShift Data Foundation. Doing so will provide higher performance, greater scale and more automation for OpenShift applications that require block, file and object access to data, the company said.
As for IBM Ceph, the company said this will deliver a more consistent hybrid cloud experience with enterprise-grade scale and resiliency.
Furthermore, by unifying IBM’s and Red Hat’s storage technologies, customers will be able to build a single data lakehouse on IBM Spectrum Scale to aggregate all of their unstructured data in one place. Benefits will include less time spent on maintenance, reduced data movement and redundancy, and more advanced schema management and data governance.
Industry watchers were united in their belief that the changes would be of benefit to customers. Steve McDowell of Moor Insights & Strategy told SiliconANGLE that today’s move makes a lot of sense because it enables IBM to leverage the storage strengths of both companies.
McDowell explained that although IBM Spectrum is considered to be one of the most comprehensive data management platforms around, its foundation predates the rise of cloud-native technologies. On the other hand, he said, Red Hat OpenShift was built from the ground up to support cloud-native workloads.
“IBM is evolving Spectrum Fusion to take the best of Red Hat’s efforts, and is using Red Hat’s storage software as the base for its IBM-branded products moving forward,” McDowell said. “It makes a lot of business sense for IBM to leverage R&D from Red Hat into its more traditionally proprietary systems. It also gives IBM an easy path to better serve the needs of containerized workloads.”
International Data Corp. analyst Ashish Nadkarni said the two companies are now “speaking with one voice on storage” and finally delivering on the synergies between them that were mentioned when IBM acquired Red Hat in 2019.
“The combining of the two storage teams is a win for IT organizations as it brings together the best that both offer: An industry-leading storage systems portfolio meets an industry-leading software-defined data services offering,” Nadkarni said. “This initiative enables IBM and Red Hat to streamline their family of offerings, passing the benefits to their customers.”
IBM also moved to reassure users of Red Hat’s open-source technologies that it will remain fully committed to them following today’s announcements. As part of the deal, IBM will take over Premier Sponsorship of the Ceph Foundation and, along with Red Hat’s teams, continue to drive innovation and development. Both IBM Ceph and Red Hat OpenShift will remain 100% open-source, the company added, and will continue to follow an upstream-first development model.
McDowell said today’s move would likely make some users nervous about the prospect of Red Hat’s technology becoming more proprietary over time. “IBM has been very careful since it acquired Red Hat in 2019 to keep Red Hat’s open-source business segregated from IBM’s branded offerings,” he said. “This is the first time we’re seeing IBM cross that that line, and it’s natural to wonder how blurred those lines will become.”
Still, McDowell said, he’s inclined to believe IBM’s promises as it has been very deliberate about keeping Red Hat’s storage technologies open-source.
“Red Hat OpenShift Data Foundation and Ceph will still be available as they always have, though its evolution will undoubtedly be more strongly guided by the needs of IBM’s storage business,” the analyst continued. “Overall this is a net positive for IBM and its customers. It makes good business sense and there should be minimal impact to Red Hat’s existing community.”
IBM said the first storage solutions to launch under the new IBM Ceph Storage and IBM Spectrum Fusion banners will arrive in the first half of 2023, so users will have plenty of time to digest the changes.
Image: Red Hat
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Wed, 05 Oct 2022 20:58:00 -0500en-UStext/htmlhttps://siliconangle.com/2022/10/04/ibm-merges-data-storage-offerings-red-hats-openshift-ceph/Killexams : Cloud Ecosystem Market Analysis, Research Study With Microsoft, HPE, IBM
New Jersey, United States, Oct. 11, 2022 /DigitalJournal/ The Cloud Ecosystem Market research report provides all the information related to the industry. It gives the markets outlook by giving authentic data to its client which helps to make essential decisions. It gives an overview of the market which includes its definition, applications and developments, and manufacturing technology. This Cloud Ecosystem market research report tracks all the recent developments and innovations in the market. It gives the data regarding the obstacles while establishing the business and guides to overcome the upcoming challenges and obstacles.
The cloud ecosystem is a term used to describe the complex system of interdependent components that work together to enable cloud services. The center of a cloud ecosystem is a public cloud provider. This can be an IaaS provider such as Amazon Web Services (AWS) or a SaaS provider such as Salesforce.
Get the PDF sample Copy (Including FULL TOC, Graphs, and Tables) of this report @:
This Cloud Ecosystem research report throws light on the major market players thriving in the market; it tracks their business strategies, financial status, and upcoming products.
Some of the Top companies Influencing this Market include:Microsoft, HPE, IBM, Adobe and VMware, Dell EMC, Cisco, Amazon/AWS, Salesforce,
Firstly, this Cloud Ecosystem research report introduces the market by providing an overview that includes definitions, applications, product launches, developments, challenges, and regions. The market is forecasted to reveal strong development by driven consumption in various markets. An analysis of the current market designs and other basic characteristics is provided in the Cloud Ecosystem report.
The region-wise coverage of the market is mentioned in the report, mainly focusing on the regions:
Asia and Pacific region
Middle East and Africa
Segmentation Analysis of the market
The market is segmented based on the type, product, end users, raw materials, etc. the segmentation helps to deliver a precise explanation of the market
Market Segmentation: By Type
Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a service (SaaS),
Market Segmentation: By Application
Banking, Financial Services, and Insurance (BFSI), Telecommunications, IT and ITeS, Government and Public Sector, Retail and Consumer Goods, Manufacturing, Energy and Utilities, Media and Entertainment, Healthcare and Life Sciences, Others (education, travel and hospitality, and transportation and logistics),
An assessment of the market attractiveness about the competition that new players and products are likely to present to older ones has been provided in the publication. The research report also mentions the innovations, new developments, marketing strategies, branding techniques, and products of the key participants in the global Cloud Ecosystem market. To present a clear vision of the market the competitive landscape has been thoroughly analyzed utilizing the value chain analysis. The opportunities and threats present in the future for the key market players have also been emphasized in the publication.
This report aims to provide:
A qualitative and quantitative analysis of the current trends, dynamics, and estimations from 2022 to 2029.
The analysis tools such as SWOT analysis and Porter’s five force analysis are utilized, which explain the potency of the buyers and suppliers to make profit-oriented decisions and strengthen their business.
The in-depth market segmentation analysis helps identify the prevailing market opportunities.
In the end, this Cloud Ecosystem report helps to save you time and money by delivering unbiased information under one roof.
Table of Contents
Global Cloud Ecosystem Market Research Report 2022 – 2029
Chapter 1 Cloud Ecosystem Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
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