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https://killexams.com/exam_list/CiscoKillexams : Primary Reasons Why Every Networking Professional Should Aim for Cisco 300-410 Certification Exam
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Oct 05, 2022 (Evertise Digital via COMTEX) -- In the field of information technology, everything is evolving. New releases and upgrades are constantly introduced to the market. And if you want to make yourself relevant even with the relentless changes in the industry, then consider getting certified. A credible path to help you out is the, which leads you toward a bright and thriving career. So, are you ready to take on the challenge and accomplish the ExamSnap.com on your first attempt? Below are the key reasons why you should add this to your list of priorities as soon as possible.
Specifically curated for enterprise networking professionals
Over the years, has molded thousands of individuals, transforming them into in-demand enterprise networking professionals. One of the most pertinent technical paths offered to those working in the field of CCNP Enterprise Certification networking is the Cisco 300-410 exam. This is particularly designed for anyone who has an extensive background in implementing core enterprise networking technologies and solutions. Ideally, it's best to have 3 to 5 years of working experience to become a highly suitable candidate for the exam.
Focuses on the most relevant enterprise networking subjects
The exam VCE itself looks into the advanced aspects of enterprise networking, specifically on the implementation and troubleshooting of routing services and technologies. The primary points of the test cover the network infrastructure, including the core services, security, and automation. Additionally, it gives emphasis to Layer 3, focusing on how you resolve issues related to route maps, loop prevention mechanisms, and BGP, among others. Lastly, it ensures you are capable of managing VPN services efficiently.
Steers you towards two illustrious certifications
Through the Cisco 300-410 exam, you are given the opportunity to obtain two credentials. The first one is the Cisco Certified Specialist – Enterprise Advanced Infrastructure Implementation CCNA Certification. The second one is the, which is awarded if you successfully accomplish the test, along with Cisco 350-401. The exam is one of the many concentration tests that ushers you to the ever-popular accreditation.
Keeps your skills up-to-date
An outdated skillset is often one of the reasons why professionals have a hard time moving up the corporate ladder. In this fast-paced digital world, it pays off to have a skillset that is relevant to the demands in the industry. Accordingly, you can't do this by boxing yourself in the same set of tasks every day. You have to be proactive Devnet Professional Certification and keep up with the new technologies in your chosen domain. By getting certified, you not only earn a validated skillset but also make yourself more conversant with the changes in the IT field.
The core benefits of the stretch beyond the acquisition of Devnet Associate Certification. It transforms you into a highly skilled and marketable that is equipped with the latest knowledge in managing more radical routing technologies and services, along with troubleshooting concerns associated with. So, if you're still undecided, try to assess the test objectives and evaluate if the exam fits your needs for career advancement.
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Tue, 04 Oct 2022 22:36:00 -0500en-UStext/htmlhttps://www.marketwatch.com/press-release/primary-reasons-why-every-networking-professional-should-aim-for-cisco-300-410-certification-exam-2022-10-05Killexams : Cisco partners with Microsoft to add Teams to its meeting devices
Check out what's clicking on FoxBusiness.com
Networking firm Cisco Systems Inc. will add Microsoft Corp.'s Teams messaging app to its meeting devices, the two firms said on Wednesday, offering users an alternative to its own Webex video conferencing app.
Cisco's Jeetu Patel, head of Security & Collaboration, said the company aims to be the hardware platform for a wide range of conferencing software platforms.
"The way this market is evolving is very similar to the way that the movie entertainment market evolved," Patel said, with consumers having multiple subscriptions to streaming services like Netflix, Disney, HBO and Hulu.
Microsoft Teams app is seen on the smartphone placed on the keyboard in this illustration taken, July 26, 2021. REUTERS/Dado Ruvic/Illustration(REUTERS/Dado Ruvic/Illustration / Reuters Photos)
"There's going to be times that people want to jump on a Microsoft Teams call, they want to jump on a Zoom call, they want to jump on a Google call."
Asked whether the strategy could cannibalize market share for Cisco's Webex app, Patel said he believed the company will benefit if customers have a better experience using multiple platforms.
Webex, once a widely used conferencing platform, has lost out to several newcomers including Zoom Video Communications Inc (ZM.O), which was founded by an early Webex engineer and grabbed a large share of the market during the coronavirus pandemic.
The new Operating System Microsoft Windows 11 is available in France since October 5 , 2021 (Photo by Daniel Pier/NurPhoto via Getty Images)(Daniel Pier/NurPhoto / Getty Images)
Ilya Bukshteyn, vice president of Microsoft Teams Calling and Devices, told Reuters the Teams Room software already runs on several other hardware devices and will be available on Cisco devices from the first quarter of next year.
FILE PHOTO - The logo of Dow Jones Industrial Average stock market index listed company Cisco is seen in San Diego, California April 25, 2016. REUTERS/Mike Blake/File Photo(REUTERS/Mike Blake/File Photo / Reuters Photos)
Microsoft made the announcement at its annual Ignite conference.
Patel conceded "many people have a misconception of Webex as their granddad's software" but said in the last two years Cisco has launched many new functions, including real-time translation and transcription of meetings, that would eventually allow a multi-language conversation through Webex's video platform.
Wed, 12 Oct 2022 03:03:00 -0500en-UStext/htmlhttps://www.foxbusiness.com/technology/cisco-partners-microsoft-add-teams-meeting-devicesKillexams : Microsoft Teams can soon be set as default on Cisco conferencing hardware
Cisco’s video conferencing hardware will be updated to let users set Microsoft Teams as the default video conferencing software, the two companies have announced. Initially, six devices will be certified to work with Teams in the first half of next year, including the Cisco Room Bar (a combined speaker and webcam), the 55- and 75-inch versions of the Cisco Board Pro (a freestanding screen designed for video conferencing) and the Cisco Room Kit Pro.
Cisco’s press release stresses that its own Webex video calling software (which it paid billions for a little over a decade ago) isn’t going anywhere. “The devices will continue to support joining Webex meetings with all the features and functionality customers enjoy today,” the release notes. But building in native support for Teams and allowing it to be set as the default recognizes how many businesses are entrenched in Microsoft’s ecosystem and rely primarily on its software for video conferencing.
“Customers want collaboration to happen on their terms — regardless of device or meeting platform,” Cisco’s Jeetu Patel said in a statement. Alongside its meeting devices, Cisco peripherals like the Cisco Desk Camera 4K webcam and two upcoming headsets will also be available with support for Microsoft Teams.
Tue, 11 Oct 2022 23:22:00 -0500en-UStext/htmlhttps://www.theverge.com/2022/10/12/23400295/microsoft-teams-certified-cisco-room-bar-kit-pro-board-pro-55-75-inchKillexams : Back to School
During his trip to Asia last November, U.S. President Barack Obama sat down to a working lunch with South Korean President Lee Myung-bak in Seoul. In the space of little more than a generation, South Korea has developed one of the world's best-educated work forces and fastest-growing economies -- and President Obama was curious about the South Korean miracle. "What is the biggest education challenge you have?" he asked Lee. Without hesitating, Lee replied, "The biggest challenge I have is that my parents are too demanding."
That anecdote usually makes Americans chuckle -- and wince. It highlights how U.S. students are falling behind their peers in advanced nations in the global race for economic competitiveness. Most South Korean parents, even the poorest, insist that their children learn English starting in elementary school. As a result, South Korea has had to bring in thousands of foreign-language teachers. I wish the United States shared South Korea's challenge. Americans have good reason to be concerned: young adults in eight other nations, including South Korea, are more likely to have college degrees than those in the United States.
Yet the relationship between education and international competitiveness is a subject rife with myth and misunderstanding. There is a paradox at the heart of the United States' efforts to bolster international competitiveness: to succeed in today's knowledge economy, the United States will have to become both more economically competitive and more collaborative. For too long, policymakers, lawmakers, and voters have treated competitiveness as a zero-sum game, in which another nation's gain is necessarily the United States' loss. In fact, enhancing educational achievement and economic viability -- at home and abroad -- is more a win-win game, one with enormous benefits for the world and for the United States.
MUTUAL ASSURED PROGRESSION
The belief that another country's gain in economic competitiveness is the United States' loss is a remnant of the Cold War mentality, a protectionist ethic, according to which prosperity depends on a state's ability to preserve a finite amount of goods and human capital. As former U.S. Secretary of Education Richard Riley put it, "For much of the last 50 years, international education was often defined by Cold War imperatives." Rival nations' education programs were often seen more as national tools for winning hearts and minds than as mutually beneficial engines for economic growth and democracy.
In the last decade, international competition in higher education and the job market has grown dramatically because, as the New York Times columnist Thomas Friedman would say, the world has "flattened": companies can now digitize, automate, and outsource work to the most competitive individuals, companies, and countries.
The information age has wrought ubiquitous and irreversible changes. In 2008, the Commission on Growth and Development reported that since 1950, 13 economies around the world had grown at unprecedented average annual rates of seven percent or more for 25 years or longer -- a feat made possible, the commission argued, "only because the world economy is now more open and integrated."
In practical terms, globalization means that U.S. students will have to compete throughout their careers with their peers in Canada, China, India, European countries, and other rapidly developing states. As President Obama has warned, "The nation that out-educates us today is going to out-compete us tomorrow." And students in other countries are already catching up with or surpassing U.S. students, especially in the critical STEM fields: science, technology, engineering, and mathematics. This year, according to a study from the National Bureau of Economic Research, China will award more Ph.D.'s in engineering and the sciences than any other country in the world, including the United States, the current titleholder.
At the same time, international competition has increased international collaboration. In the new knowledge economy, education is a public good unconstrained by national boundaries. The U.S. economy, for example, benefits enormously from the inflow of foreign products and well-educated immigrants. Ben Wildavsky writes in The Great Brain Race that immigrants in the United States made up just 12 percent of the U.S. work force in 2000 but nearly 50 percent of the country's Ph.D.-holding scientists and engineers. From 1995 to 2005, moreover, immigrants started one-quarter of all engineering and technology companies in the United States, including half of those in Silicon Valley. One of Google's co-founders, Sergey Brin, for example, was born in Moscow and educated in the United States.
Even when products are manufactured overseas by foreign companies, U.S. entrepreneurs are well positioned to benefit through innovation. A 2007 study by the Sloan Foundation found that although Apple outsourced abroad the manufacturing of the parts that make up the 30-gigabyte video iPod, 55 percent of the product's $299 retail price was captured by U.S. companies and workers. Most of the iPod's value lies in its development and design. Apple's engineers in the United States were the ones who figured out how to combine the device's 451 parts into a prized commercial product.
U.S. businesses benefit from the knowledge economy in other ways, too. The borderless nature of innovation, manufacturing, and research and development has made national economies far more interdependent than in the past. Better-educated populations overseas mean greater markets abroad for U.S. goods: the millions of young adults in China and India who complete college will demand high-status imports, such as iPods, from the United States. Ultimately, the United States will not thrive unless progress is shared worldwide. As President Obama pointed out in his June 2009 speech in Cairo, "Any world order that elevates one nation or group of people over another will inevitably fail."
Not surprisingly, interdependence also comes with a slew of global challenges. Reducing poverty and disease, developing sustainable sources of energy, controlling nuclear proliferation, fighting terrorism, curbing global warming and air pollution -- the United States cannot meet any of these challenges without collaborating with other countries. These partnerships will require U.S. students to develop better critical thinking, cross-cultural understanding, and language skills.
WINNERS AND LOSERS
Not everyone will share equally in the benefits of the new knowledge economy. Those with the most to gain will be college-educated workers. Over the last 35 years, the share of jobs in the U.S. economy that require a postsecondary education rose from 28 percent to 59 percent, and that figure is expected to rise to 63 percent by the end of the decade, according to Georgetown University's Center on Education and the Workforce. The widening gap between the economic fates of workers with college degrees and the fates of those without underscores that knowledge today is an international public good.
Wage trends for well-educated workers offer still more evidence of this shift. If innovation and human capital were finite resources limited by national borders, one would expect the huge expansion of college-educated workers around the world to depress the wages of highly educated workers in the United States compared to the wages of less-educated workers everywhere. In fact, the opposite has occurred. Data compiled by the Organization for Economic Cooperation and Development show that in most OECD countries, where more students are completing college than ever before, the difference in earnings between college graduates and nongraduates is growing. As the OECD analyst Andreas Schleicher points out, a dramatic global increase in the supply of knowledge workers "does not necessarily lead to a decrease in their pay."
U.S. workers will be comparatively better off if they lead the world in educational attainment, but advancing education everywhere brings benefits to everyone. Education has immeasurable power to promote growth and stability around the world. Educating girls and integrating them into the labor force is especially critical to breaking the cycle of poverty. It is hard to imagine a better world without a global commitment to providing better education for women and youth -- including the 72 million children today who do not attend primary school. It would be a safer world, too. As several cross-country studies have shown, low educational attainment is one of the few statistically significant predictors of violence. Ultimately, education is the great equalizer; it helps overcome differences in background, culture, and privilege and opens up economic opportunities.
OECD countries, including the United States, benefit from increased educational skills as well. Earlier this year, the economists Eric Hanushek and Ludger Woessmann asked what would happen if students from the OECD countries scored higher on the Program for International Student Assessment (PISA), which tests 15-year-olds in reading, mathematics, and science literacy. They found that if scores increased modestly from the current average of around 500 to 525 over a 20-year period, the aggregate gdp of these countries would rise by $115 trillion over the lifetime of the generation born in 2010. More than one-third of that increase -- $41 trillion -- would accrue to the U.S. economy. Even allowing for the uncertainty of long-term economic projections, the effects of a sustained bump in student performance could be huge, dwarfing the swings of the regular economic cycle. And a better-educated work force would be more resilient in economic downturns. Education, in short, is the new game changer driving economic growth. The United States must educate its way to a better economy.
A generation ago, the United States had the highest proportion of college graduates in the world. Now, it ranks fifth among developed nations and is tied for ninth for rates of college completion among those aged 25 to 34. Although 58 percent of South Korean young adults and 56 percent of Canadian ones have earned at least an associate's degree, only 42 percent of young adults in the United States have achieved the same milestone. And unlike in many other developed countries, where the proportion of young adults with associate's or bachelor's degrees has soared over the last decade, the figure has flatlined in the United States. Young Americans have almost identical college completion rates as their parents.
This stagnation could cripple the U.S. economy and limit the chances of success for millions of U.S. workers and their families. With that in mind, President Obama, speaking at a joint session of Congress in February 2009, called for the nation to set the goal that "by 2020, America will once again have the highest proportion of college graduates in the world." Reaching this benchmark is the objective that guides and aligns the rest of the Obama administration's education reforms.
This goal is ambitious: to meet it, an additional eight million people will have to graduate from higher-education institutions in the United States over the next nine years. But it is also crucial for U.S. economic competitiveness. In June, the Center on Education and the Workforce projected that by 2018, the U.S. economy will need about 22 million more college-educated workers but that, at current graduation rates, it will be short by at least three million. With not enough Americans completing college, the center warned, the United States is "on a collision course with the future."
U.S. colleges and universities must do a much better job of getting students to graduation day. The United States still has one of the highest college enrollment rates in the world -- nearly 70 percent of U.S. high school graduates enroll in college within one year of earning their diplomas. But only about 60 percent of students who enroll in four-year bachelor's programs graduate within six years, and only about 20 percent of students who enroll in two-year community colleges graduate within three years.
Even with progress on this front, postsecondary institutions will not be able to reach President Obama's 2020 goal unless more adults with little or no college education complete college and more students graduate from high school. Currently, about one-fourth of ninth graders fail to graduate high school within four years. Among the OECD countries, only Mexico, Spain, Turkey, and New Zealand have higher dropout rates than the United States. Most U.S. students who do earn high school diplomas, moreover, are unprepared for college-level work; college entrance exams suggest that merely one-quarter of graduating high school seniors are ready for college, and 40 percent of incoming freshmen at community colleges have to take at least one remedial class during their first semester.
COMING UP SHORT
In this globalized economy, how well U.S. students perform compared to their peers in other high-achieving nations is a critical yardstick. Unfortunately, just as the United States falls behind these nations in college attainment rates, the academic achievement of younger U.S. students is also mediocre by comparison.
In a 2006 study of 30 OECD nations, 15-year-old Americans ranked 23rd on the PISA test for math and 25th on its assessment for science. Fifteen-year-old Canadians were on average well over one school year ahead of their U.S. peers in these subjects. U.S. students fared better in the 2007 Trends in International Mathematics and Science Study (TIMSS), which assessed the performance of secondary school students in 48 countries: eighth graders in the United States tied for sixth place in math and tenth in science. Still, the United States is nowhere near the top of the pack.
Some try to downplay U.S. students' lackluster performance by noting that the United States has a disproportionate number of low-performing, disadvantaged students. The 2007 TIMSS scores of eighth graders in Massachusetts, a high-performing state, would have tied for first in science with students from Japan, Singapore, South Korea, and Taiwan. U.S. students compare well as a whole with their OECD peers in elementary school, but once in middle school and high school, they slip behind their OECD counterparts. Instead of reducing achievement gaps between advantaged and disadvantaged students over time, public schools in the United States widen them.
These disparities are not primarily a matter of money. With the exception of Luxembourg, the United States spends more on a student in his or her elementary school years than any other OECD nation. As for secondary education, only Luxembourg, Norway, and Switzerland spend more per student. At the college level, U.S. spending per student (from both public and private sources) exceeds that of any other nation in the world.
Yet those developed nations that spend less per student than the United States typically channel more of their spending toward the most challenged students and to providing incentives to attract the best teachers to the most difficult classrooms. In the United States, in contrast, school funding is contingent in part on local tax levies that reflect the wealth of the surrounding community.
Public schools must do much more to reduce achievement gaps, both to enhance U.S. economic competitiveness and to fulfill education's promise as the great equalizer. There are more examples of schools closing achievement gaps today than ever before. But most schools in impoverished districts have not adopted the practices of high-performing schools. Isolated pockets of achievement are not enough. Success across entire districts needs to become the norm.
While the challenges to making U.S. public-school students more competitive are considerable, the American system of higher education is still in many respects the envy of the world. Its blend of top-ranked research universities, liberal arts colleges, comprehensive state universities, and a robust community-college system provides unparalleled access to students of all socioeconomic backgrounds.
In addition, the tradition of research universities was perfected in the United States, where they are leading centers of medical, technological, and scientific advancement. Unlike in many Asian and European countries, research funding in the United States is typically awarded to universities through a competitive peer-review process that is relatively free of political interference. The culture of academic freedom helps incubate the knowledge economy. It is no coincidence that major tech companies -- Cisco, Yahoo!, and Facebook -- began on U.S. college campuses. University graduates, moreover, provide the new economy's professional work force, and graduates of community colleges and technical schools fill jobs in high-demand fields, such as nursing, information technology, medical technology, Web design, and alternative energy development.
For all their strengths, however, U.S. postsecondary institutions will need to adapt to cope with new demographic realities. The days of the storied four-year residential college experience -- filled with dorm living and fraternity keggers -- are fading fast. Today, greater numbers of older students are pursuing retraining or lifelong learning, and most students work at least part time. At community colleges, almost half of the students are over the age of 24, and more than 40 percent work full time. And today's students, who grew up with cell phones, Kindles, iPads, and laptops, will seek technology-rich learning environments, online classes, distance learning, and electronic instruction. If U.S. postsecondary institutions can meet these demands, they would strengthen U.S. competitiveness in educational technology and electronic curriculum use, the STEM fields, and preparedness for the multicultural, multilingual economy. But many institutions have struggled to modernize and adapt, especially when it comes to assisting low-income students.
Technology has a vast untapped capacity to Strengthen higher education and the K-12 system. The use of online courses, on-demand learning, digital simulations, three-dimensional modeling, visual aids, team teaching, and videoconferencing is expanding in U.S. schools, notably in community colleges. High-quality online instruction and tutoring, which are available to anyone in the world with an Internet connection, will break down silos among postsecondary institutions, expand personalized learning, and dramatically increase access to college-level education. One day, a young man on an impoverished reservation in Montana and a young woman in a remote village in Pakistan will both be able to access -- for little or no fee -- the same course in civil engineering.
To take advantage of new technologies, higher-education institutions will need to revamp a number of policies. The century-old practice of awarding degrees based on seat time in a classroom, rather than on demonstrated competence in a subject, is at odds with a world in which the Internet offers perpetual opportunities for learning. Many of the United States' four-year institutions, particularly the most selective, still rely too heavily on traditional academic practices. Few institutions supply professors incentives to share teaching notes, lectures, research, or other pedagogic tools online. In western Europe, by contrast, a program called eTwinning pairs schools in different countries to facilitate peer-to-peer learning. A class in Germany studying French might be paired with one in France studying German. This is a classic example of how competitiveness can create mutually beneficial situations, since both France and Germany will gain from greater collaboration.
Few reforms are more necessary for reaffirming the United States' role as the world's engine for scientific discovery and technological innovation than strengthening education in the STEM fields, and President Obama has set a goal for U.S. students to move from the middle to the top of international rankings in science and math over the next decade. High school seniors in the United States are already earning more STEM credits than a decade ago, and many more college students are matriculating in these fields than 15 years ago. Last year, one-third of all white, Asian, black, Hispanic, and Native American full-time first-year college students reported that they planned to major in one of these fields, compared with less than one-quarter two decades ago. Still, students who indicate a desire to major in STEM disciplines are less likely to graduate than other students. And minority students in these fields have especially low success rates: only about 20 percent of black and Hispanic first-year students at four-year colleges who plan to major in a STEM field graduate with a related degree within five years.
Just as boosting the scientific and technological knowledge of students is an important step, strengthening their communication skills, creativity, and problem-solving capability is crucial. Employers repeatedly report that they seek college graduates with the ability to adapt, innovate, synthesize data, communicate effectively, learn independently, and work in teams. Just as regularly, they complain that U.S. postsecondary institutions fail to adequately develop these skills in students.
One such necessary skill is the ability to work with colleagues who speak other languages. Developing multicultural understanding requires students to study a well-rounded curriculum in history, the arts, and foreign languages -- and not just concentrate on English, math, and science.
In many developed countries, college students are fluent in two or more languages. In the United States, foreign-language instruction is inconsistent and on the decline. (The study of Chinese and Arabic languages is expanding but from a small base.) Only one in four elementary schools in the United States currently offers foreign-language instruction of any kind, and foreign-language study is a requirement for high school graduation in only ten states. Low-income and minority students in the United States particularly lag behind their peers abroad in their knowledge of languages, geography, and culture.
Even if public schools sought to offer foreign-language courses, a dearth of qualified instructors would hinder their efforts. During the 2007-8 school year, three-fourths of U.S. states reported shortages in foreign-language teachers. Teacher preparation programs at postsecondary institutions are failing to train enough new foreign-language instructors. In 2007-8, only 136 bachelor's degrees, 188 master's degrees, and 14 doctorates were awarded in foreign-language instruction nationwide.
"If you talk to a man in a language he understands," Nelson Mandela has said, "that goes to his head. If you talk to him in his language, that goes to his heart." U.S. schools and universities are doing far too little to teach students how to speak to the hearts of foreign neighbors and prepare them for work with colleagues from diverse cultural backgrounds. In 2002, just months after 9/11, U.S. postsecondary institutions nationwide awarded only six bachelor's degrees in Arabic language and literature. By 2008, the total had risen to 57 -- still far short of the nation's needs.
GROWING THE PIE
In the coming decade, the United States has a unique opportunity to reverse its declining economic competitiveness. The American Recovery and Reinvestment Act of 2009, the stimulus package enacted by Congress in February 2009, included nearly $100 billion for education, the largest investment of its kind by the U.S. federal government in history. It also granted the secretary of education more than $5 billion in competitive discretionary funding -- more than the total of all such funding provided to the Department of Education since it was established 30 years ago. Discretionary monies fund programs such as Race to the Top, Investing in Innovation, and School Improvement Grants, which help boost K-12 student achievement and readiness for college and careers and help turn around the nation's lowest-performing schools. The Obama administration has also sought unprecedented funding for STEM education. The 2011 budget proposed investing $3.7 billion in federal STEM education programs, including $1 billion for improving math and science achievement among K-12 students -- a funding increase of over 40 percent.
By ending subsidies to banks that had brokered student loans, the Health Care and Education Reconciliation Act of 2010 freed up more than $40 billion that will go to the Pell Grant scholarship program, which provides need-based grants to low-income undergraduates. This is the biggest increase in student aid since the 1944 GI bill. The act also granted $2 billion to community colleges to help them produce millions more graduates.
In addition to better funding, another transformational reform is the voluntary adoption by at least 35 states and the District of Columbia of the Common Core State Standards, which measure K-12 students' readiness for college or careers. For the first time in history, rigorous, internationally benchmarked standards for math and English will be applied to more than three-fourths of all U.S. public-school students. This will end some states' notorious practice of dumbing down academic standards to make students who are far from ready to enter college or start a career appear proficient.
But the federal government cannot revitalize U.S. education and the United States' economic competitiveness alone. More than 90 percent of spending for primary and secondary school education typically comes from state and local governments. They, along with businesses, higher-education institutions, and philanthropists, must all do their part to prepare U.S. students to compete in the knowledge economy. State policies and institutional practices in higher education are especially ripe for reform. Postsecondary institutions can no longer blame low graduation rates of minority students solely on socioeconomic factors when graduation rates for similar cohorts of minority students vary widely among institutions. For example, black first-year students at community colleges in Maryland are twice as likely as those in Louisiana to earn an associate's degree within three years. Demography is not destiny.
More than anything, strengthening the United States' economic competitiveness will require a sea change in the prevailing mindset among the politicians and voters who treat international competition exclusively as a threat. Economic competition should be a healthy inducement to learn from and collaborate with other nations. One of PISA's most encouraging lessons is that, over time, other nations have significantly narrowed achievement gaps and boosted educational achievement nationwide. Two generations ago, South Korea had the economic output of Afghanistan today and, if PISA had existed, would have ranked 24th in educational attainment among the OECD nations. Today, South Korea has the highest college attainment rate in the world among young adults.
In truth, the United States has much to learn from foreign competitors. Dennis Van Roekel, the president of the National Education Association, has noted that other developed nations are more successful at recruiting talented teachers, providing first-rate teaching preparation and professional development, and honoring the teaching profession. Unlike in the United States, in South Korea teachers come from the top ten percent of graduates -- and those who teach are viewed as making an important contribution to building their nation.
Learning from high-achieving countries is a two-way street. Chinese officials, frustrated with the relative lack of Nobel Prizes and patents obtained by Chinese, are seeking to emulate the creativity and innovation of U.S. institutions of higher education. The American tradition of free inquiry and peer-reviewed research is itself a winning advertisement overseas for American education and a tool for spreading democracy. As Tony Wagner, an education professor, points out in The Global Achievement Gap, there is a happy "convergence between the skills most needed in the global knowledge economy and those most needed to keep our democracy safe and vibrant." Asking good questions, solving problems, seeking to understand cultural differences -- all these civic traits are prized by employers, too.
The economic future of the United States rests not only on its ability to strengthen its education system but also on citizens in other states raising their living standards. Thinking of the future as a contest among states vying to get larger pieces of a finite economic pie for themselves is a recipe for protectionism and global strife. Instead, Americans must realize that expanding educational attainment everywhere is the best way to grow the pie for all. The virtuous cycle, not the vicious cycle, is the pathway to prosperity.
Thu, 06 Oct 2022 07:08:00 -0500entext/htmlhttps://www.foreignaffairs.com/united-states/back-schoolKillexams : Ubiquiti: Demand For New Networks Could Make The Stock Price Increase
Ubiquiti Inc. (NYSE:UI) will most likely benefit from the increase in demand for network devices. It is worth noting that recent increases in research and development and new hiring will likely lead to an acceleration of product development. Let's note that in the last 10-Q, investment in new prototypes increased. Even taking into account different risks from China and Asia as well as the failures in demand forecast, under normal circumstances, Ubiquiti looks like a buy. Under my discounted cash flow ("DCF") model with conservative assumptions, the fair value of each share stands at $393.
Ubiquiti sells equipment and software platforms with the purpose of democratizing network technology on a global scale. Thanks to Ubiquiti's systems, clients can analyze large data sets with machine learning and AI technology. The results include intelligent diagnostics, predictive marketing, forecasts for many industries, and technology-assisted coding.
Ubiquiti offers services to a number of industries, which I believe multiplies the total target market. Clients in the manufacturing industry, automotive sector, or healthcare are interested in the company's products.
Finally, let's also note that the demand for networked devices will most likely explode up from 2023. As a result, the company's products could increase significantly in the coming years.
According to Cisco (CSCO) Annual Internet Report, internet users as a percentage of global population will be 66% in 2023, an increase from 51% in 2018. Additionally, it is estimated that there will be 3.6 networked devices per capita connected to IP networks in 2023, up from 2.4 networked devices per capita in 2018. Source: 10-k
Double Digit Sales Growth And 31% FCF/Sales Margin
Ubiquiti came across my screen mainly after I saw the expectations delivered by other analysts. I believe that readers may be interested in other analysts' expectations, median sales growth close to 11%, an EBITDA margin of 38%, and net margin at around 25%-26%. The numbers are really impressive.
I didn't find a lot of information about the free cash flow expectations for the next two years. However, the free cash flow in 2021 was close to $594 million, and the median FCF/Sales, in the past, stood at close to 31%. With these figures in mind, I believe that most financial advisors would consider executing a DCF model.
With $136 million in cash and an asset/liability ratio under one, some investors may not appreciate the company's financial stability. I understand the skepticism, however, with sales growth and future free cash flow, the value of assets will likely exceed the liabilities in the near future.
The total amount of liabilities includes long term debt worth $762 million and short term debt worth $23 million. In 2024, analysts are expecting a net income of more than $500 million, so I don't believe that the total amount of leverage is excessive.
With The Amount Of Investments In R&D, Under Standard Conditions, Ubiquiti Could be Worth $393 Per Share
In my view, the most impressive thing about Ubiquiti, apart from the target market growth, is the expense in research and development. With more than $137 million in R&D expenses, in my view, we can expect significant product generation in the coming future.
Our research and development expenses were $137.7 million, $116.2 million and $89.4 million for fiscal 2022, fiscal 2021 and fiscal 2020, respectively. We expect that the number of our research and development personnel will increase over time and that our research and development expenses will also increase. Source: 10-k
In line with my previous note, let's also say that in the last quarterly report, management noted higher employee related expenses and prototype testing expenses. It appears clear that the company is hiring more, and designing new prototypes.
The increase in R&D expense for the fourth quarter fiscal 2022 as compared to the comparable prior year period was primarily due to higher employee related expenses, prototype testing expenses and depreciation and amortization expense. Source: Quarterly Report
It is also worth noting that donation organizations having a role in the conflict between Russia and Ukraine could bring an enhanced reputation to Ubiquiti. If other companies involved in the conflict decide to cooperate with Ubiquiti, revenue growth could also increase.
The increase in fiscal 2022 SG&A expenses as compared to fiscal 2021 was primarily driven by travel expenses and donations to humanitarian relief organizations addressing the military conflict between Russia and Ukraine, offset in part by lower professional fees. Source: Quarterly Report
If we assume sales growth around 20%, an EBITDA margin of 38.4%, and FCF/Sales close to 31%, 2032 FCF would be $1134.1 million, and 2032 EBITDA would be $1.309 billion. I believe that my numbers are achievable.
If we also include an EV/EBITDA of 35x along with a discount of 10.3%, and cost of debt close to 2.5%, the terminal value discounted would be $17.2 billion. The NPV of future FCF from 2023 to 2032 would be around $7.21 billion. Finally, the equity value would stand at $23 billion, and the fair price would be $393 per share.
Worst Case Scenario
Ubiquiti depends on a short list of distributors and network operators to obtain revenue. The company may not have sufficient information about market demand, and may have issues while negotiating with clients. As a result, I believe that the EBITDA margin and FCF/Sales margin may decline in the near future.
We do not employ a traditional direct sales force. Sales to our distributors have accounted for the majority of our revenues. Our distributors do not make long term purchase commitments to us, and do not typically provide us with information about market demand for our products.
Although we have a large number of distributors in numerous countries who sell our products, a limited number of these distributors represent a significant portion of our sales. Source: 10-k
Ubiquiti may also fail to predict demand for certain products and services. If it designs products that clients don't need, revenue growth may be significantly lower than expected. As a result, final free cash flow may also be lower than expected by investment analysts. If investors sell shares, the stock price could decline.
We may over or under forecast our customers' actual demand for our products or the actual mix of our products that they will ultimately demand. If we over-forecast demand, we may build excess inventory which could materially adversely affect our operating results. Source: 10-k
In fact, Ubiquiti has a significant amount of exposure to the markets in Asia. In my view, new tensions and tariffs in the frontiers with the United States may drive down the company's profitability. Let's note that the tariffs affected the company's margins in the past.
In June 2018, the Office of the United States Trade Representative announced new proposed tariffs for certain products imported into the U.S. from China. These tariffs have already affected our operating results and margins. Source: 10-k
Finally, let's mention that the company may suffer in the near future from the global shortage of available components. In the last quarterly report, the company already mentioned that it is continuing to experience supply chain issues. If Ubiquiti can't solve these issues, production may slow down. Besides, management may have to pay a bit more for certain devices, which may lower the EBITDA margins.
During the three months ended June 30, 2022, we continued to experience a disruption in our supply chain as a result of the COVID-19 pandemic and the global shortage of available components. Our future results are dependent on our ability to procure components and services and we expect the Company's results to be negatively impacted until the ongoing supply chain and logistics issues caused by the global component supply shortage and the COVID-19 pandemic are resolved. Source: Quarterly Report
Under detrimental conditions, I believe that 13% sales growth from 2024 to 2032 could happen. Also, with an EBITDA margin around 36%, I obtained 2032 EBITDA of $1.118 billion. Finally, I assumed a constant free cash flow margin of 29%, which resulted in 2032 free cash flow of $1.589 billion.
Next, with a WACC of 11% and EV/EBITDA of 19x, the sum of the terminal value and the discounted free cash flow would be $13 billion. Finally, the equity value would be $12.4 billion, and the fair price would be $207 per share.
Ubiquiti targets an international market that seems to grow at a double-digit rate. In my view, under normal circumstances, the massive investments in research and development would lead to product generation. The company announced an increase in expenditures to design prototypes, so new products may be soon in the pipeline. Yes, I see some risks coming from the company's exposure to China and perhaps failed demand forecasts. With that, under normal conditions, I believe that the company's stock price is undervalued.
Wed, 05 Oct 2022 02:48:00 -0500entext/htmlhttps://seekingalpha.com/article/4544799-ubiquiti-demand-for-new-networks-could-make-the-stock-price-increaseKillexams : New partnership brings Microsoft Teams to Cisco meeting room devices
Customers will now have the option to run Microsoft Teams by default on Cisco Room and Desk devices
REDMOND, Wash., and SAN JOSE, Calif. — Oct. 12, 2022 — Cisco and Microsoft Corp. Wednesday announced at Microsoft’s annual Ignite conference a new partnership that will provide customers with more choice. In the first half of 2023, Cisco and Microsoft will soon offer the ability to run Microsoft Teams natively on Cisco Room and Desk devices Certified for Microsoft Teams, with the option of Teams as the default experience. Cisco will become a partner in the Certified for Microsoft Teams program for the first time.
“Interoperability has always been at the forefront of our hybrid work strategy, understanding that customers want collaboration to happen on their terms — regardless of device or meeting platform,” said Jeetu Patel, EVP and GM, Security & Collaboration, Cisco. “Our partnership with Microsoft brings together two collaboration leaders to completely reimagine the hybrid work experience.”
“Our vision to make Teams the best collaboration experience for physical spaces is brought to life by our incredible ecosystem of hardware partners,” said Jeff Teper, president, collaborative apps and platforms at Microsoft. “By welcoming Cisco as our newest partner building devices Certified for Microsoft Teams, we are excited to bring leading collaboration hardware and software to market together for our joint customers.”
Initially, six of Cisco’s most popular meeting devices and three peripherals will be certified for Teams, with more to come. The first wave of devices, expected to be certified by early 2023, will include the Cisco Room Bar, the Cisco Board Pro 55-inch and 75-inch, and the Cisco Room Kit Pro for small, medium and large meeting room spaces, respectively. The Cisco Desk Pro and Cisco Room Navigator will follow. Customers will have the option to make Microsoft Teams Rooms the default experiences, and the devices will continue to support joining Webex meetings with all the features and functionality customers enjoy today. The first peripheral — the Cisco Desk Camera 4K — is an intelligent USB webcam and will be available by the end of October 2022, followed by two headphones with a Teams button by early 2023.
Microsoft Teams customers will enjoy the digital workplace where they connect and collaborate with teammates, partners and customers, combined with Cisco’s high-quality, reliable video technology with powerful camera intelligence and noise removal technologies that enable inclusive and collaborative meeting experiences. All certified devices will be manageable in the Teams Admin Center and the new Teams Rooms Pro Management Portal, as well as through the Cisco Control Hub device management.
Cisco (NASDAQ: CSCO) is the worldwide leader in technology that powers the Internet. Cisco inspires new possibilities by reimagining your applications, securing your data, transforming your infrastructure, and empowering your teams for a global and inclusive future. Discover more on The Newsroom and follow us on Twitter at @Cisco.
Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco’s trademarks can be found at www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company.
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Tue, 11 Oct 2022 12:00:00 -0500en-UStext/htmlhttps://news.microsoft.com/2022/10/12/new-partnership-brings-microsoft-teams-to-cisco-meeting-room-devices/Killexams : Women Leaders in Communications Come Together To Discuss The Responsible 5G Revolution We Need
“Imagine a patient in critical condition is traveling to the medical center in an ambulance. Those are crucial moments between life and death. There is no time to lose, and the treatment must start right away. Thankfully for the patient, the 5G Connected Ambulance (that was the outcome of a collaboration between Cisco, Airtel and Apollo Hospitals and demonstrates the Future of Healthcare) acts as an extension of emergency room and is equipped with the latest medical equipment, patient monitoring applications, and telemetry devices that transmit the patient health data to the hospital in real-time. The doctors can also virtually guide the paramedics team in the ambulance to conduct basic lifesaving procedures while he is enroute to the hospital. The patient is not just in an ambulance but in an emergency room on wheels, powered by a 5G connection.”
This was the interesting example that Shilpi Jhunjhunwala Patnaik, Head of Business Operations & Global Analytics, Customer Experience (CX) India at Cisco used, to introduce the idea of responsible innovation that 5G can bring us.
In the telecom industry, the expectations around 5G services and the impact the rollout will have on consumers as well as businesses, have been a major talking point in the last couple of years. However, with great power comes great responsibility, and we brought together women leaders in the Communication and Media industry (C&M) to connect with each other and discuss how responsible innovation is going to be key to 5G and its industry evolution.
Surfing the new wave of digitization with women leading in telecommunications
On 23rd September 2022, leading women from the C&M Industry met at a Power Huddle, ‘5G in the Communications and Media Industry: The Next-Gen Enabler for Innovation, a roundtable organized by Women’s Web in association with Accenture to create a dialogue on this new wave of digitization.
The exclusive, two-hour-long virtual engagement focused on what established and emerging women leaders from companies such as Accenture, Reliance Jio, Vodafone, Capgemini, Cisco, Tech Mahindra, and others think about the impact of the 5G rollout on the different avenues and aspects of the telecom industry. It was an opportunity for women to come together and connect with their peers in the industry, accompanied by a few male allies strongly invested in making the industry more inclusive.
In the proceedings, the necessity of responsible innovation gained prominence – how should 5G be designed responsibly and be a network that caters to the complex problems in society? Here’s what the next-gen leaders shared on their future vision.
Trust building needs to be collaborative
A fast-working network like 5G will deliver essential services while adding value. It will fulfill critical tasks such as social welfare, boost industrial presence, and be a source of income for many. The demand for the network’s stability will be high. Inevitably, it will also result in more databases that will hold confidential and relevant information related to our personal and professional lives. Trust in the network will be crucial because updating to 5G will mean an evolution beyond a simple internet connection.
In this leap, the collaboration of the C&M industry, the Government, and the IT industry will be necessary. The collaboration of government-regulatory, telecom, and technological organizations will be essential to ensure the security of the network and the availability of a safety net in case of any slip-ups. The coming together of the trio was recognized as a paradigm shift during the roundtable and one that would be a pivotal step towards securing responsible innovation.
Kaveri Ingale, Global Head of Transitions and Strategic program at Vodafone (VOIS), pertinently stated, “We are talking about collaboration rather than competition and having a holistic regulated model. This is a huge responsibility and will lie not only with the telecoms (because we must justify the investments being made) but also other stakeholders, namely network, infrastructure, digital, tech, equipment vendors etc. Eventually, it’s about being able to provide your expertise into the end-to-end value chain and profitably so.” A healthy collaboration of the trio will go a long way.
Progress with a purpose
With astute imagination and thoughtful execution, the higher broadband service of 5G can bring multifold progress. For instance, tackling connectivity problems in low-network areas can strengthen digital access to prominent spaces like education, healthcare, and research. A stable network can also help inventors and entrepreneurs build realistic technological concepts. Such innovations could range from an application that helps us track our contribution to climate conservation to software that analyzes market conditions quickly. It will also strengthen the far-reaching possibilities for Artificial Intelligence.
Sonia Verma, Senior Manager at Accenture Capability Network Comms & Media, believes, “Learning from use cases is definitely a part of evolution. We need to ask users about their experiences to understand what revolution 5G is going to bring. Certainly in terms of implementation, how we do it is very crucial. If we can bring along this concept in difficult geographies that are isolated and even rural areas, in an affordable manner, it would be amazing for the human race.”
Building a people-first product
The C&M industry is responsible for giving its consumers high-quality products at reasonable prices. It is a well-known fact that Indians currently pay among the lowest prices in the world for internet connectivity, and the power to pay higher is unlikely to rise dramatically. This puts the onus on telecom providers to balance price expectations with providing a satisfactory user experience. Users would expect a smooth transition from 4G to 5G and want their 5G-enabled handsets to be well optimized. At the same time, telecom providers, like any other business, have to meet their own revenue and profitability expectations. Industry partnerships between telcos and software-hardware providers are going to be therefore critical for building people-first products and services that also enable the industry to meet its goals.
5G and the push for employment
Anil Jain, Managing Director, Accenture Capability Network Comms & Media, put forth the whooping developments 5G will bring to the job market. He stated, “5G will open as many as 40 million new jobs and opportunities in the sector, but as we reiterate it, it will also bring great responsibility. The new opportunities will call for employees skilled not just in the technicalities of telecommunications but also those who have a holistic understanding of the impact of 5G.” In his words, those finding employment in fields related to telecom will need to adopt a “software mindset, which will soon also become a way of life.”
The industry will also get to supply back to society through its CSR vertical. With better connectivity, companies can use technology to include an even higher number of individuals in their goals. Organizations can also explore social contributions in the fields of agriculture and manufacturing. Companies can also train individuals all over India to better grasp the skills needed to gain employment in the 5G industry.
Coming up with end-to-end solutions to turn 5G into a capable and resourceful product will take time. With the collection of use cases, evident-rich data, and insightful case studies, the industry will have its inferences. There is no doubt that multiple ideas are ticking in the heads of our next-gen leaders, and with support, they will be the creators of responsible realities.
Fri, 14 Oct 2022 01:17:00 -0500entext/htmlhttps://www.womensweb.in/2022/10/women-leaders-in-communications-come-together-to-discuss-the-responsible-5g-revolution-we-need/Killexams : Students invited to learn about the cybersecurity profession at free virtual event presented by CompTIA and Arizona State University AZNext
DOWNERS GROVE, Ill., Oct. 13, 2022 /PRNewswire/ -- Students interested in learning about career opportunities in cybersecurity are invited to participate in a free virtual event presented by CompTIA, the nonprofit association for the technology industry and workforce, and Arizona State University'sAZNext Workforce Training Accelerator, a program that is building a sustainable workforce development ecosystem.
"As organizations expand their reliance on technology, robust cyber defenses are imperative," said Angel L. Piñeiro, Jr., vice president, strategic academic relationships, CompTIA. "Those defenses start with people who, through education and professional certification, have developed robust cybersecurity skills."
Demand for cybersecurity jobs increased by 43% in the 12-month period between May 2021 and April 2022 compared to a nearly 18% increase in demand across the entire employment market, according to CyberSeek™, the most comprehensive source of data on America's cybersecurity workforce. Jobs are available at all career levels, including entry-level positions as cybersecurity specialists, cybercrime analysts and other roles.
The program will feature three experts who will share their "day in the life" experiences of working in cybersecurity and why their chosen career is so rewarding. Scheduled speakers include Brigadier General Bernard Skoch (retired), U.S. Air Force, Cyber Defense; Leo Cruz, technical solutions architect, security, U.S. Public Sector – Cisco; and Mike Semel, president and chief compliance officer, Semel Consulting. Howard M. Cohen, senior resultant and creator of compelling content, will moderate the session.
The event is co-sponsored by the New College of Interdisciplinary Arts and Sciences and the W.P. Carey School of Business at Arizona State University.
The Computing Technology Industry Association (CompTIA) is a leading voice and advocate for the $5 trillion global information technology ecosystem; and the estimated 75 million industry and tech professionals who design, implement, manage, and safeguard the technology that powers the world's economy. Through education, training, certifications, advocacy, philanthropy, and market research, CompTIA is the hub for unlocking the potential of the tech industry and its workforce. https://www.comptia.org/
About Arizona State University
Arizona State University is the largest provider of lifelong teaching and learning in the world, with more than 74,000 students on four academic campuses in the Phoenix metropolitan area and an additional 54,000 digital immersion students. https://www.asu.edu/
Thu, 13 Oct 2022 01:35:00 -0500en-UStext/htmlhttps://www.yahoo.com/now/students-invited-learn-cybersecurity-profession-133500991.htmlKillexams : Queen's Death Spurs Run On Retail Silver Coins; COMEX Silver Run Continues
Do you remember where you were when the Queen died? Much like recalling where we were when JFK was shot or MLK passed away, the death of the Queen has been a seminal event for many precious metals investors. And that is because so many modern coin designs have had the queen on them! Little did we all know; however, that the Queen’s passing would prompt a flurry of buying gold and silver coins with her likeness in the anticipation of those being the very last issuance of coins with her likeness on the market.
A Popular Figure
The gold and silver bullion markets have already been dealing with tighter supplies. And we have seen gold and silver inventories on the American COMEX industrial exchange shrinking dating back to the “silversqueeze” movement by American coin investors on three days in January and February of 2021. The interesting fact about the bullion markets is that investors never really stopped buying physical gold and silver after the pandemic restrictions were lifted. In fact, they kept buying more and more.
According to News.com.au in Australia, “Collectors are scrambling to get their hands on coins with Queen Elizabeth’s face as prices skyrocket after her death.” Demand for coins with the Queen’s likeness reached ‘insane’ levels at many dealers, who are now widely reporting strict supplies or pre-orders for new coins. Popular websites have been besieged by high traffic, and dealers have been scouring all known sources of gold and silver for these popular coins.
The Royal Mint, Perth Mint, and the Royal Canadian mint have said they will stop producing coins with the Queen’s likeness and replace them with King Charles III’s likeness. Being the first issuance with that likeness, many market experts predict a continued surge in collector demand for coins with royal likeness regardless of who is on the coin.
What’s Next For Bullion
The spike in demand not only for coins with the Queen imprinted on them but also for many other types of gold and silver, has not gone unnoticed. One conversation I had with a bullion dealer was that one of their main global wholesalers was out of 99% of silver inventory and premiums were rising fast. Another dealer told me that some coin issuance had premiums, the price paid above the market ‘spot’ price for metals, that had risen 2-3 times in some cases.
While surging premiums are never music to the ears of bullion buyers, the dynamics of the market are clear. Investors have been demanding more gold, and particularly silver since the beginning of 2021. And they are not stopping here. It appears any excuse for wanting more bullion is working with investors right now. It is a good time to be in the gold and silver industry, whether one works for the miner producing it, the wholesaler distributing it, the dealer selling it, or the buyer obtaining it while the prices are steadily rising as they are this week.
Right at this moment, the market is rewarding patient investors of precious metals with temporary shortages and more robust prices. But what investors likely want a solution for is premiums over the derivative-market spot prices. What will cause those prices to change? We’ll examine quickly how that market really works.
The COMEX, the commodity derivative market in the US, and the London OTC market, which essentially serves the same purpose in the UK, are both seeing declining inventories of silver in particular. The following charts highlight the direction of bullion inventories on the world’s two biggest industrial exchanges for gold and silver.
As you can see from the chart, the past 18 months have seen gold supplies dwindle by approximately 28% while silver inventories have fallen about 23%.
Not to be outdone, the London market has seen a precipitous decline in silver inventories due to increased participation in ETF investments such as SLV and others. While in London, the gold bullion inventory appears more steady.
It appears as though physical bullion investors are interested in obtaining more metal from the two major Western bullion markets, and have been doing so in large part since the beginning of 2021. What is different about that is the demand has overwhelmed the mining supply, draining much of the above-ground known inventories of free silver and beginning to chip away at the mountain of above-ground gold in various storage.
It is unknown whether this will eventually negatively affect the US and UK bullion markets in terms of supply shortages. Certainly, if these now multi-year trends continue to hold up, physical bullion investors should expect to pay higher prices as a result of increased demand and back orders.
While those initially have resulted in higher coin and bar premiums at dealers, eventually one would expect the derivative markets, where spot pricing is determined, to catch up to the physical market and start to reflect higher spot prices for the metals. Time will tell whether this happens, and of course, we will continue to follow developments here.
Wed, 05 Oct 2022 10:01:00 -0500entext/htmlhttps://seekingalpha.com/article/4544894-queens-death-spurs-run-on-retail-silver-coins-comex-silverKillexams : The Global AI in Oil and Gas Market size is expected to reach $5.2 billion by 2028, rising at a market growth of 13.2% CAGR during the forecast period
New York, Oct. 03, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global AI in Oil and Gas Market Size, Share & Industry Trends Analysis Report By Operation, By Component, By Regional Outlook and Forecast, 2022 - 2028" - https://www.reportlinker.com/p06321800/?utm_source=GNW
Companies in these sectors now generate value by utilizing AI solutions rather than depending on conventional, human-centered business processes. The value creation process is driven by sophisticated algorithms that have been trained on substantial and meaningful datasets and are constantly fed new data. However, businesses outside of those with a strong internet presence can also benefit from AI.
Companies in the mining, oil, gas, and construction industries were late adopters of digitization, but they now rely more and more on AI solutions. Although the oil and gas sector first investigated using AI in the 1970s, the sector only recently began to seek more aggressive AI application prospects. It corresponds with the industry's shift toward the Oil and Gas 4.0 idea, whose main objective is to increase value through cutting-edge digital technology, and the exponential rise of AI capabilities.
Oil and gas businesses' main goal with AI (and other digitalization efforts) is to increase efficiency because they adopt new technologies much more quickly than they experiment with and alter their business strategies. In actuality, that usually means reducing risks and speeding up processes. The application of artificial intelligence (AI) and machine learning technologies in the oil and gas industry has attracted a lot of attention during the last ten years.
This has caused the market for artificial intelligence in this sector to expand. Due to the rising difficulties, the oil and gas sector has had in the past when it comes to the discovery and production of hydrocarbons, a cross-disciplinary strategy is being used, necessitating the semi-automation and complete automation of several crucial operations. Every step of the exploration process, including geology, geophysical, and reservoir engineering, is being automated with artificial intelligence.
COVID-19 Impact Analysis
Demand for oil and gas decreased as a result of the COVID-19 pandemic and lockdowns. For instance, the International Energy Agency estimates that the oil demand declined by million barrels per day by the second quarter of 2020. However, in these exceptional conditions, AI use in the oil and gas sector has greatly expanded. In many facets of society, this crisis had several direct and indirect repercussions. To monitor and contain the virus pandemic in the interim, the digital and artificial intelligence industries can be a valuable professional resource.
Market Growth Factors
The Analysis And Improvement Of Data, As Well As The Identification Of Faults
The oil and gas business encounters numerous difficulties in identifying improper threading in pipes and flaws in devices that are prone to error. The production line later discovers the flaws that were not discovered before. This results in greater damages and losses and comes at a high cost to a business. However, it becomes simple to assess the quality of output when using AI and implementing a computer-vision-based system. Additionally, it offers thorough details on analytics flaws.
Utilize Analytics To Lower Production And Maintenance Costs And Strengthen Decision-Making
Oil and gas are kept in a central repository after extraction. It is then distributed by pipelines from there. Different temperatures and weather conditions cause oil and gas components to deteriorate and corrode, which can weaken the condition of the pipeline and result in faded threading. One of the main issues facing the sector is this. To prevent unfavorable outcomes, the oil and gas business must proactively address these concerns. The industry may help to stop any such incidents from happening by integrating AI solutions.
Market Restraining Factors
Lacking Competent Professionals In Ai Technology
An extremely advanced solution, the AI processor demands a high level of education and skills to operate. Artificial intelligence has quickly become popular among humans in recent years. People throughout the world use applications of artificial intelligence in their daily lives, such as self-driving automobiles and restaurant robots that serve food. For instance, robotic research is used in many different fields, such as security, healthcare, space exploration, and a plethora of other scientific fields.
On the basis of Components, the AI in Oil and Gas Market is segmented into Solutions and Services. The service segment witnessed a significant revenue share in the AI in Oil and Gas Market in 2021. AI Services is a group of services with ready-made machine learning that simplify the deployment of AI to software and business processes for developers.
Based on the Operation, the AI in Oil and Gas Market is divided into Upstream, Midstream, and Downstream. The upstream segment garnered the largest revenue share in the AI in Oil and Gas Market in 2021. It involves looking for possible raw natural gas and crude oil reserves that are underground or beneath the sea, drilling test wells, and then drilling and running the wells that will bring the raw natural gas or crude oil to the surface.
Region-wise, the AI in Oil and Gas Market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America region procured the highest revenue share in the AI in Oil and Gas Market in 2021. Due to the demand for AI in the oil and gas industry is anticipated to be driven by elements including the region's robust economy, the high adoption rate of AI technologies among oilfield operators and service providers, a strong presence of leading AI software and system providers, and merged investment by government and private organizations for the growth and development of R&D activities.
The major strategies followed by the market participants are Partnerships and Acquisitions. Based on the Analysis presented in the Cardinal matrix; Microsoft Corporation are the forerunners in the AI in Oil and Gas Market. Companies such as Intel Corporation, Cisco Systems, Inc., NVIDIA Corporation are some of the key innovators in AI in Oil and Gas Market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Microsoft Corporation, Oracle Corporation, Intel Corporation, IBM Corporation, Cisco Systems, Inc., Accenture PLC, NVIDIA Corporation, Cloudera, Inc., C3.ai, Inc. and FuGenX Technologies (USM Business Systems, Inc.).
Recent Strategies Deployed in AI in Oil and Gas Market
Partnerships, Collaborations and Agreements:
Apr-2022: Microsoft came into a partnership with Bharat Petroleum Corporation, the leading oil and Gas Company in India. Together, the companies aimed to open the possibilities that Microsoft's cloud delivers to manage the special difficulties of the oil and gas sector, allowing BPCL to boost the modernization of its tech architecture. Additionally, this would Strengthen and redefine the consumer experience.
Mar-2022: Cloudera partnered with Kyndryl, American multinational information technology. Through this partnership, the companies aimed to support consumers allow and push their mission-critical multi-cloud, hybrid cloud, and edge computing data industries. Additionally, a joint innovation center to create combined industry keys and delivery abilities developed to enable consumers to boost their motion and migration to the cloud platform and environment of their choice.
Nov-2021: IBM joined hands with Amazon Web Services, a subsidiary of Amazon. Together, the companies aimed to integrate the advantages of IBM Open Data for Industries for IBM Cloud Pak for Data and the AWS Cloud to benefit energy consumers. Additionally, This complete solution is developed on Red Hat OpenShift and would run on the AWS Cloud, streamlining the capacity for consumers to operate workloads in the AWS cloud and on-premises.
Sep-2021: C3 AI came into a partnership with Baker Hughes, an energy technology company. Through this partnership, the companies aimed to deploy the BHC3 Production Optimization enterprise AI application at MEG Energy, an Alberta, Canada -based energy firm, to enhance operational effectiveness, and productivity, and to nicely envision threats across the company's upstream production procedures. Moreover, BHC3's advanced business AI-based solutions would further promote the differentiated, proprietary technology leverage to secure safe, sustainable production of energy.
Jun-2021: C3 AI formed a partnership with Snowflake, the Data Cloud Company. This partnership aimed to integrate Snowflake's unique architecture which permits consumers to run their data platforms smoothly across numerous clouds and regions at scale. Additionally, with C3 AI's robust corporation AI development offering and family of industry-specific firm AI, applications businesses can instantly boost and emanate economic value from their data and business AI ambitions.
Apr-2021: Accenture joined hands with Bharat Petroleum Corporation, the greatest oil and gas company in India. Through this collaboration, the companies aimed to convert India's second-largest oil and gas business by digitally reimagining its comprehensive sales and distribution network. Moreover, Accenture would use its abilities in artificial intelligence, data, and cloud technologies to design, build, and execute a digital platform, called IRIS.
Product Launches and Product Expansions:
Jun-2022: NVIDIA expanded its partnership with Siemens, a German multinational conglomerate corporation. This expansion aimed to allow the industrial metaverse and advance the utilization of AI-driven digital twin technology that would assist in obtaining industrial automation to a new deck. Additionally, The companies intend to combine Siemens Xcelerator, the open digital business platform, and NVIDIA Omniverse, a medium for 3D design and teamwork. Moreover, This would allow an industrial metaverse with physics-based digital samples from Siemens and real-time AI from NVIDIA in which businesses make conclusions faster and with improved confidence.
Mar-2022: NVIDIA introduced an update to its AI platform to unveil its AI Accelerated program. NVIDIA's AI platform is a software offering for advancing workloads, including recommender system, speech, and hyper-scale belief. Moreover, NVIDIA AI is the software toolbox of the world's AI society, from AI data scientists and researchers to data and machine learning procedures sections.
Nov-2021: Oracle introduced Oracle Cloud Infrastructure AI services, a cluster of services. The new OCI AI services provide designers the option of utilizing out-of-the-box models that have been prepared on business-based data or traditional training the services based on their firm's data.
Jun-2021: IBM along with Schlumberger unveiled the industry's first commercial hybrid cloud Enterprise Data Management Solution for the OSDU Data Platform. The new solution would deliver energy operators with complete interoperability, creating their data available by any application within their exploration to production conditions through the OSDU common data standard to allow comfortable sharing of information between teams. Additionally, the solution is engineered to decrease the time for data transfers between applications to provide smaller costs along with enhanced decision making.
Mar-2020: Accenture along with SAP unveiled SAP S/4HANA Cloud. The new SAP S/4HANA Cloud solution for lifts oil and gas helps customers to further enhance transparency into processes and cash flow. Additionally, the companies are providing a solution that conveys innovative technologies such as AI to provide greater visibility, real-time insights, and adequate decision-making.
Acquisitions and Mergers:
Aug-2022: Accenture completed the acquisition of Tenbu, a cloud data business that specializes in solutions for intelligent decision-making. This acquisition aimed to expand Accenture's abilities to assist businesses to steer new services, development, and stability by utilizing data from the cloud continuum for intelligent decision-making.
Mar-2022: Microsoft took over Nuance Communications, a leader in conversational AI and ambient intelligence. This acquisition would allow alliances across industries to boost their company goals with security-focused, cloud-based solutions ingrained with powerful, vertically optimized AI. Additionally, Consumers would profit from an improved clinician, patient, consumer, and employee experiences, and eventually enhanced productivity and financial performance.
Feb-2022: IBM completed the acquisition of Neudesic, a US-based cloud services consultancy. With this acquisition, the company aimed to extend IBM's offering of hybrid multi-cloud services and additional passage of the enterprise's AI strategy and hybrid cloud.
Oct-2021: Cisco completed the acquisition of Epsagon, a privately held, modern observability company. Through this acquisition, Epsagon's technology with Cisco's dream to allow businesses to provide unmatched application experiences via industry-leading solutions with serious industry context. Moreover, by linking and contextualizing visibility and insights around the complete stack, teams can enhance collaboration to better understand their systems, solve issues fast, optimize and ensure application incidents and satisfy their consumers.
Oct-2021: Accenture took over BRIDGEi2i, a Bengaluru-based AI and analytics company. Through this acquisition, the company aimed to further Strengthen its AI skills and data science abilities to reinforce how enterprise global network provides value for consumers.
Mar-2021: Cisco took over Acacia Communications, an optical networking strategy, and technology business. This acquisition would strengthen Cisco's responsibility to optics as a crucial building block that would Strengthen Cisco's Internet for the Future process with supreme coherent optical solutions for consumers, also allowing them to manage the unprecedented scale of current IT.
Jun-2022: Intel India expanded its geographical footprints by establishing the design and engineering of a new state-of-the-art building in Bengaluru. The new addition accommodates 2,000 workers and would help promote cutting-edge innovation and engineering work in client, artificial intelligence, data center, graphics, IoT, and automotive segments.
Scope of the Study
Market Segments covered in the Report:
• North America
o Rest of North America
o Rest of Europe
• Asia Pacific
o South Korea
o Rest of Asia Pacific
o Saudi Arabia
o South Africa
o Rest of LAMEA
• Microsoft Corporation
• Oracle Corporation
• Intel Corporation
• IBM Corporation
• Cisco Systems, Inc.
• Accenture PLC
• NVIDIA Corporation
• Cloudera, Inc.
• C3.ai, Inc.
• FuGenX Technologies (USM Business Systems, Inc.)
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