Driving the need for this investment is the increasingly rapid pace of digital transformation worldwide - a trend that chafes against the World Bank's talent deficit forecast of 10 million people to 2027.
More than 170 countries have announced digital strategies, and digital transformation is seen as the key to improving GDP and productivity. It is a key focus for industries including ICT, finance, manufacturing and agriculture.
The talent shortage is most pronounced in Asia but is also a concern internationally for the ICT community, governments, employers and workers. According to the International Labor Organization, the "lack of skilled labor will constrain future growth and job creation in the sector, but with the right policies in place, the digital economy could make a significant contribution to advancing decent work and inclusive economic growth at global, regional and national levels."
Adding to the issue is a gap in the education of ICT professionals that means their skills don't meet industry standards. This has resulted in a lack of talent to fill roles and placed pressure on the existing workforce. A Gartner report further explains IT executives view the shortage as "the most significant adoption barrier to 64% of emerging technologies, compared to just 4% in 2020. A lack of talent availability was cited far more often than other barriers this year, such as implementation cost (29%) or security risk (7%)."
At the forefront of digital transformation, Huawei understands delivery standards are only as good as the talent executing and that the requisite staff numbers are voluminous.
The leading global ICT company also knows the importance of nurturing talent. They've been doing so since launching their ICT Academy in 2013. Huawei ICT Academy program now trains more than 150,000 students annually in collaboration with around 2,000 universities and colleges in over 100 countries. Huawei also partners with top institutions such as Tsinghua University in China and Institut Teknologi Bandung in Indonesia to equip both students and teachers with knowledge and skills that are relevant to the industry's needs. From innovation training camp to Massive Open Online Courses (MOOCs) and the Huawei Talent platform (which includes webinars and exams), various offerings have been developed during the academic-industry collaboration.
Coursework and practical training prepare students with current state qualifications in disciplines such as routing and switching, storage, cloud, WLAN, cloud computing, and big data as well as next generation technologies including IoT, big data and cloud computing.
Huawei's strategy is built on a holistic view that addresses the skilled labor shortage, the education gap, and the needs of ICT professionals.
It is a three-pronged approach Huawei calls the Three Trees model of talent development and which comprises three key areas:
More than 2000 Huawei ICT Academies have been set up, and over 17,000 students have passed Huawei's certifications.
Partnerships with colleges and universities, education authorities, and international education organizations are tailored to:
Huawei's end to end talent development solution has been built hand in hand with government and industry bodies to facilitate career path development for individuals and promote digital transformation. Graduates emerge industry ready, equipped with hard and soft skills in:
In spite of advancements during COVID-19, the digital divide remains a global source of social inequality. According to UNICEF, 87% of young people in rich countries have internet coverage compared to 6% in low income nations. As part of its mission to bridge this gap and promote sustainable social development, Huawei provides a talent development system through 120 authorized learning partners. Each year, 85,000 trainees are Huawei certified to help upskill the public in digital technology. More than 17,000 have entered global job market as Huawei Certified ICT Expert (HCIE) since the commencement of the certification system.
UNESCO is just one success story in the ICT talent ecosystem. "UNESCO is committed to making digital technology a tool for progress in all its fields of competence," says Firmin Edouard Matoko, Assistant Director-General for Priority Africa and External Relations of UNESCO. "Thanks to its partnerships with industry leaders such as Huawei, the organization is working toward linking educational institutions with private partners."
Launched in 2015, Huawei's annual ICT competitions are an integral part of the talent cultivation lifecycle, providing aspiring ICT professionals with exposure to industry best practices and trends. ICT Academy students who complete their training and go to internships are eligible to participate in the ICT competitions where the brightest minds compete to create innovative digital applications and products.
Huawei also offers its Seeds for the Future program to STEM students, who go to the company's Chinese headquarters to study leading-edge ICT technology in a cross-cultural setting.
Emmanuel Lucas Chaula, an ICT professional in his homeland of Tanzania and part-time Huawei ICT Academy instructor, is a beneficiary of Huawei's mission to foster a breeding ground of talent. Four years ago, as a student, he participated in Huawei ICT competition. He attended training sessions and learned about new technologies. He won the first prize in the Southern Africa region and later Outstanding Performance in the global final.
After the Competition, Emanuel joined Huawei's free Train the Trainer Program. He now teaches others about Huawei's technologies, and helps students acquire the ICT skills to succeed.
Huawei will continue building this ICT talent ecosystem with a target of training more than 1 million ICT professionals and experts by 2024, working with governments, industry organizations, and universities to develop a global future-ready workforce that creates new value for the industry.
To learn more about ICT talent ecosystem, please click here.
Two days ago, reports emerged about a ransomware attack on a healthcare debt collector that might have exposed the records of 1.9 million patients, potentially one of the biggest data breaches of personal/health information in 2022.
On the same day, the Cloud Security Alliance (CSA) announced a new survey-based report on the storage of sensitive data in the cloud.While the victim of the February ransomware attack reportedly managed to stop the exploit by shutting down its systems, CSA's " Sensitive Data in the Cloud " report indicates we might well expect such attacks to continue to be trumpeted in the news headlines.
For example, one key finding of the report is that most organizations already store sensitive data in the cloud. Specifically, 89 percent of organizations surveyed host sensitive data or workloads in the cloud. Among those, 67 percent host some sensitive data in the public cloud, and 45 percent host in the private cloud.
"With such sensitive data in these cloud environments, it emphasizes the need for proper security of this data with measures like encryption," the report said.
The April online survey received 452 responses from IT and security professionals from various organization sizes and locations, said the CSA, which says it's dedicated to defining and raising awareness of best practices to help ensure a secure cloud computing environment.
A second key finding identified by CSA is that even though cloud service provider (CSP) security controls are effective, many organizations still have low confidence in their ability to protect sensitive data in the cloud.
"Most organizations report that their CSP security controls are highly effective (38 percent) or somewhat effective (51 percent)," the report said. "However, organizations feel less confident in their own ability to protect sensitive data in the cloud, slightly (31 percent) or moderately (44 percent) confident. Taken together it appears organizations are not as confident in their ability to protect data even though CSPs provide effective security controls."
"These results could be due to CSPs' greater access to security resources such as knowledgeable staff, budget, and time," the report said. "All these resources can be dedicated to understanding and addressing the ever-evolving threatscape. But despite organizations' sense of confidence in their CSPs' security controls, they still have reservations about their ability to protect sensitive data in the cloud. Just over a third of organizations were not confident or only slightly confident about their ability to protect sensitive data in a cloud environment and another 44 percent reported they were only moderately confident. Despite this, 81 percent of organizations have sensitive data in the cloud. This makes it clear that organizations need to address the protection of the data layer in addition to utilizing their CSP's security controls."
The other two key findings of the report concern a practice called "Confidential Computing," specifically indicating that 27 percent of respondents are already using it to protect workloads, while 55 percent have plans to implement it in the next two years.
The CSA report was sponsored by Anjuna, which offers Confidential Computing software.
Enterprises are struggling to get their cloud services costs under control. We’ll explain what’s behind the sudden price hikes, how geopolitics is reshaping the economics of computing, and what solutions are possible.
Everyone is talking about inflation lately. In hindsight, inflation was inevitable. Our civilization is just coming out of a global pandemic where our supply chain ground to a sudden halt, governments have printed an unprecedented amount of money, and we are now in the middle of a war that is interrupting the global flow of commodities. This all matters because energy is the most important input to all modern manufacturing processes. We have not yet absorbed the full impact of the Russian invasion from an economic perspective, and it will likely take months.
What we know so far is that as of April, the annual inflation rate in the U.S. stands at 8.3 percent, only down slightly from 8.5 percent in March. To put this into historical perspective, that is the highest inflation rate since January of 1982. Many readers of this article have never seen inflation of this magnitude.
Has inflation impacted cloud prices and availability of resources? Absolutely. Cloud-flation is a reality and the technology industry will need to learn to deal with the new realities of cloud computing economics.
Let’s take a look at a few practical examples of cloud-flation; from there we can examine the economic and political forces driving price changes.
Google Cloud Drops an Inflationary Bomb
Google just recently announced a significant (and sometimes alarming) increase in cloud storage costs -- between 25 to 50 percent. Costs for operations (API calls to the storage data plane) are increasing a staggering 100 to 400 percent, with the largest increases showing up in multi-region coldline storage.
Data transfer costs for object storage (egress charges) have gone from free to two cents per GB, even if data stays in the same continent. Two cents doesn’t sound like a lot, but to put it in perspective, a typical high-volume microservices architecture could be impacted by hundreds or even thousands of dollars per month. This change is so important that I will quote the entirety of the change from the announcement:
Reading data in a Cloud Storage bucket located in a multi-region from a Google Cloud service located in a region on the same continent will no longer be free; instead, such moves will be priced the same as general data moves between different locations on the same continent. [Emphasis added]
Customers have until October 1, 2022, to change their usage patterns before the new pricing kicks in.
Supporters of the change may argue that Google is moving to pricing that is in line with competitors. Alternatively, one may reason that it makes sense to charge for data transfer from the U.S. East Coast to the West Coast because that is a real cost Google must absorb. I will take a contrarian position: If Google were able to continue charging lower prices without impacting profitability and gross margins, offering a sustained discount over its competitors, it would do so to win market share. This is not a company that will miss earnings projections for one of its fastest growing divisions due to unexpected inflationary pressures. This is a forward-thinking enterprise that is getting ahead of the inflationary curve.
AWS Spot-Instance Price Drift
Amazon Web Services, the most dominant public cloud platform in the world, has a feature called spot instances. It allows customers to rent EC2 instances (computers) at a fraction of their list price.
Spot instances have an interesting pricing characteristic. They provide a heavy discount, sometimes 80 percent or more, but they also come with an important caveat. AWS reserves the right to terminate and reclaim these instances with just two minutes’ notice. Many cloud customers cannot deal with this chaos and simply stay away from spot instances, even though they offer an amazing value proposition.
To avoid these unwanted interruptions, a typical customer strategy is to leave the price “floating” at market rates so if demand increases, rather than reclaiming the spot instance, AWS can simply increase the price that customers pay, avoiding a service interruption.
Data from AWS itself shows that prices fluctuate and have risen significantly since the beginning of 2022. Why is this the case? We can surmise, based on the laws of supply and demand, that AWS is having a hard time replenishing supply while demand is still extremely strong.
Why is supply constrained? Massive supply chain interruption has created a semiconductor shortage, which has affected many areas of the economy including automotive production and raw computing power for data centers (aka cloud). Where do most chips come from? The supply chain is not as diversified as you may believe. (We will discuss supply chain issues in greater depth later because they have become a strategic point for geopolitics.)
Announces Completion of More than 80 Successful Cloud ERP Migrations to Date
LOUISVILLE, Colo., July 14, 2022 /PRNewswire/ -- Global Healthcare Exchange (GHX) today shared business highlights from its Cloud portfolio during the first half of the company's 2022 fiscal year (ended June 30). More than 130 health systems have elected to work with GHX on their cloud migration strategy for supply chain. GHX successfully facilitated more than 80 cloud ERP migrations since 2018 and has been selected to manage more than 50 additional cloud migrations in the next two years.
"Healthcare organizations are moving to the cloud to Excellerate care delivery, minimize the impact of staff vacancies and reduce costs. But experience has shown us that there are several often overlooked areas that can threaten the success of an implementation when not proactively addressed," said Bruce Johnson, president and CEO, GHX. "To maximize the value of a cloud-based system, it's imperative to establish a strong data foundation, embrace automation tools like AI and machine learning, keep clinical integration in mind, vet supplier data and add new suppliers and select a solution provider who has a partnership with the ERP to Excellerate integration. When this is done, it can help drive greater collaboration and more dynamic decision making."
According to Gartner's 2020 Cloud End-User Buying Behavior study, 75% of provider respondents said that they plan to increase their spending on cloud.
GHX has invested more than $40M in product advancements to accelerate healthcare's digital transformation and harness the power of cloud computing to increase supply chain resiliency, advance frictionless patient care in more locations, and Excellerate information sharing in real-time and over-time between health care systems and supply partners.
GHX represents the healthcare industry through the highest-level partnerships with Workday (Select Partner), Oracle (Gold Partner) and Infor (Complementary Partner) based on its healthcare expertise and modern data core.
GHX was also recently named a 2022 Workday Software Partner Innovation Award winner for its GHX Data Connect integration.
GHX customer Prisma Health was honored as a finalist in Constellation Research's SuperNova Award based on its work with GHX and Workday to automatically cleanse, validate and unify item master data at scale to help inform data-driven decision making.
GHX is uniting leading healthcare organizations, ERP providers and implementation consultants to accelerate best practice sharing including exact sessions at Summit 22.
GHX is Leading the Way to the Cloud
As healthcare seeks to become more efficient and resilient, the global cloud ERP market reached $44.83 billion in 2020 and is expected to grow at a CAGR of 15.6% by 2028. In fact, Gartner's 2021 ERP, Procurement, HCM and Finance Survey found more than 70% of organizations have ERP modernization plans that have already started or will start in the next 12 months, and 16% have already completed the modernization process for one or more ERP applications.
Yet, despite this uptick in adoption, Gartner estimates 20 to 25% of ERP initiatives are considered failures and another 55 to 60% are compromised. Healthcare providers moving to a cloud ERP are increasingly turning to GHX for its data foundation and scalable, interoperable supply chain platform to achieve success with implementing the system and achieving the strategic goals behind the decisions to move to the cloud.
GHX's Cloud solutions are powered by its unified data core and include:
GHX Exchange Enterprise modernizes the healthcare supply chain through increased standardization and automation. Traditionally, providers have managed the order cycle and their growing teams manually, which can increase error rates and impact performance. GHX Exchange Enterprise digitizes the entire cycle for more efficient processes, more connected supply chain data and better performance insights.
GHX Data Connect is a data service that fuels best-in-class item data management initiatives by continually monitoring, cleansing and enriching item master data, maintaining its integrity and making it available to all stakeholders to support more informed business decisions.
GHX Category Optimization uses data from a health system to provide evidence-based savings strategies, spend and physician utilization insights and tracking capabilities to help ensure accuracy and compliance.
GHX eInvoicing digitizes paper and email invoices, matches invoices to purchase orders for automated exception removal and delivers invoices into the ERP system for a fully digitized procure-to-pay process.
To learn more about GHX's suite of Cloud solutions, please visit: https://www.ghx.com/cloud-erp-transformation/
Building on decades of collaboration among providers, manufacturers, distributors and other industry stakeholders, Global Healthcare Exchange, LLC (GHX) is leading the charge in helping organizations run the new business of healthcare. By automating key business processes and translating evidence-based analytics and data into meaningful action, GHX is helping the healthcare ecosystem to move faster, operate more intelligently and achieve greater outcomes. With the support of GHX, healthcare organizations have removed billions of dollars of wasteful healthcare spend. For more information on GHX's suite of world-class, cloud-based supply chain solutions, visit www.ghx.com and The Healthcare Hub.
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