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Exam Code: LOT-916 Practice test 2022 by Killexams.com team
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Killexams : IBM Development get - BingNews https://killexams.com/pass4sure/exam-detail/LOT-916 Search results Killexams : IBM Development get - BingNews https://killexams.com/pass4sure/exam-detail/LOT-916 https://killexams.com/exam_list/IBM Killexams : Top 10 Richest App Creators

While most people believe that the first smartphone appeared on the global scene in 2007, when Apple released the original iPhone, that is not so. The first device that fits the modern definition of a smartphone got released in 1992 by IBM. It bared the name Simon Personal Communicator and represented a dramatic advancement in mobile phone technology, a consumer electronics category that became a thing in 1983. Today, there are over 5.3 billion unique mobile phone users around the globe, and this figure is growing at an annual rate of 1.8%. Moreover, dedicated mobile software, better known as apps, has become the cornerstone of smartphone use and an integral part of modern human life.

According to many, the game Snake, build-in the 1997 Nokia 6110 phone was the initial mobile app. Now, twenty-five years later, Google Play is home to almost 2.9 million apps, and the Apple App store has 1.96 million available for download. 49% of smartphone users open their favorite at least eleven times a day, and 70% of all US digital media consumption originates from mobile software. Hence, it would be an understatement to say that this software does not play an integral part in most people’s lives.

Consequently, app development has become a massive industry, causing millions of laypeople to be on the prowl for quality app ideas. In 2018, the mobile app economy had a value of $106 billion, and projections are that this number will increase four-fold by 2026, making iOS and Android app development a big business. Thus, this is an excellent time to look at ten people who became filthy rich via software development for mobile phones. We rattle off their names below.

1. Changpeng Zhao

Crypto exchanges became a thing in 2010 when a trailblazing Web hub showed up that allowed people to buy Bitcoins and democratized the value of one BTC unit. Currently, around three hundred and eighty such platforms live on the internet, and without a doubt, the most famous one is Binance, which has the largest daily trading volume. Chinese computer programmers Changpeng Zhao and Yi He created went live with it in 2017, and as of May 2022, Bloomberg ranks Zhao as the 13th richest person in the world. Going by a projection from this top publication, Zhao boasts a projected net worth of almost $15 billion. Crypto exchanges such as Binance significantly boosted the expansion of several sectors, including mobile gaming, retail, and hospitality.

2. Tobi Lütke

Tobi Lutke image 384839493

Shopify is an e-commerce platform that many retail point-of-sale and online businesses utilize. It is the brainchild of Tobias Lütke and Scott Lake, who came up with it after trying to develop an online store that would sell snowboarding equipment. Lütke, a computer programmer by trade, decided that instead of purchasing a pre-made software solution that would handle his business’ online transactions, he would build his own. He did so, and in 2009, Shopify launched an App store and API platform that allowed developers to create apps for Shopify online stores. The net worth of this German-Canadian entrepreneur now stands at $3.7 billion, and he is still the acting CEO of Shopify.

3. Travis Kalanick

Canadian entrepreneur Garret Camp gets credited for coming up with the idea for the global ride-share phenomenon that is Uber. However, Travis Kalanick mainly gets associated with it, seeing as he co-founded the Uber brand and acted as its CEO from 2010 to 2017. In 2019, Kalanick sold off precisely 90% of his Uber shares and turned a profit of $2.5 billion on his original investment in the software. Before he gained mainstream notoriety for pioneering ride-sharing apps, he was primarily famous as the man behind Red Swoosh, a peer-to-peer file-sharing company.

4. Kevin Systrom

Instagram is the world’s largest photo-sharing platform. It got founded by Kevin Systrom, a computer programmer, an alma mater of Stanford University, who co-created it along with Mike Krieger, another Stanford alumni. In 2012, Mark Zuckerberg’s Facebook, now Meta, bought Instagram, a company with only thirteen employees, for $1 billion. The platform now generates around $20 billion per year to Meta’s annual bottom line. Going by a recent Forbes estimate, Systrom’s net worth is around $2.4 billion.

5. Whitney Wolfe Herd

Whitney Wolfe Herd image 8494895

The earliest dating site, Kiss.com, popped up on the World Wide Web in 1994. Match.com followed a year later, and eHarmony debuted on the relationship internet scene in 2000. Bumble is an online dating app launched in December 2014 that is now super popular and often gets described as a feminist dating platform. Its creator, Whitney Wolfe Herd, was only twenty-five when the services got up and running and have gone down in history as the youngest person to take a company public, at the age of thirty-one.

6. Matt Maloney

Grubhub is a food ordering and delivery platform based in Chicago. It got established in 2004 by Mike Evans and Matt Maloney but did not rise to mainstream prominence until the early 2010s when the company started accumulating annual revenues of over $100 million. In October of 2021, Maloney stepped down from the board of Just Eat Takeaway, an Amsterdam-based conglomerate that bought Grubhub, in June 2021, with a net worth of $150 million.

7. Nick D’Aloisio

Nick D’Aloisio is a British internet entrepreneur and mobile developer responsible for the mobile app Summly, a news summarizer that Yahoo bought for $30 million. More recently, he founded Sphere, a tech startup that Twitter acquired in late 2021 for an undisclosed amount. D’Alosio’s software development portfolio also includes a famous iOS app named Trimit that condensed text.

8. Chad Mureta

Chad Mureta is a blockchain gaming investor, app mogul, and bestselling author. Mureta has a diverse professional career that started in the real estate industry. Over the years, he re-oriented to the app sector and has managed to build and sell eight companies in the last decade and change. Mureta has also led the creation and monetization of over one hundred and fifteen apps, including the first Emoji iPhone application.

9. Brian Wong

Brian Wong image 84984589

Kipp is a mobile advertising network renowned in the Android gaming sector. It is a rewards platform through which gamers attain real-world prizes from in-game accomplishments. In 2010, at the age of twenty, its founder, Brian Wong, became one of the youngest CEOs to get venture capital funding. A year later, in 2011, he made it onto Forbes 30 Under 30 Social/Mobile rankings.

10. Robert Nay

Robert Nay is a name that often emerges on lists depicting – Which Entrepreneurs Have Made the Most Money from Their App Idea at a Young Age? When he was only fifteen, Robert programmed Bubble Ball, a physics puzzle mobile game that gathered two million downloads in two weeks (2010) on the Apple App Store. Bubble Ball got substantially promoted by active users of social media platforms through the magic of social networking. In 2012, a Community Levels mode got added, boosting the app’s appeal by allowing users to create new levels via a web interface.

Mon, 08 Aug 2022 18:17:00 -0500 en-US text/html https://www.androidheadlines.com/2022/08/top-10-richest-app-creators.html
Killexams : Cybersecurity attacks cost healthcare systems more than any other sector, new report finds

A data breach within a healthcare system could cost in excess of $10 million—more than in any other sector—according to a new report.

The cost is on the rise, up about $1 million from last year. The uptick is partially due to increasingly integrated technology systems.

The report, released by IBM at the end of last month, collected national data from more than 550 organizations across industries from March 2021 to March 2022, analyzing how cybersecurity attacks impact organizations. Breaches within the healthcare sector have cost companies $10.1 million per breach, a nearly 10% increase from last year and a 42% increase from 2020. The average cost of a critical infrastructure data breach globally in any industry was just under $4.5 million.

Financial organizations experience the second-most-expensive breaches, at nearly $6 million per breach, IBM reports.

Cyberattacks can happen in many different ways, said Limor Kessem, a principal consultant in cyber crisis management for IBM’s Security X-Force. Destructive attacks and ransomware attacks—wherein hackers disrupt a hospital’s technologies, for example, and ask the hospital to pay a ransom in order to get access back—are disruptive as well as costly.

“Attacks that take place in real time cause direct losses to hospitals, which have to reroute patients, deny care, lose access to electronic health records and see the risk to human lives rise as a result of the attack,” Kessem told Crain’s. “That’s on top of staff distress and having to revert to manual procedures and paperwork.”

The stakes are particularly high for New York hospitals. According to industry standards, on average every bed in a hospital uses 15 devices that are often interconnected, including monitors and IV pumps, according to Chad Holmes, a product specialist at Cynerio, a cybersecurity company on the Upper West Side. A 1,000-bed hospital could have 15,000 devices that could all be impacted by an attack, he said.

“If a city like New York lost access, that would be really bad for ERs and could have a really bad cascading effect,” Holmes said. If patients had to be diverted from a city health system location but all sites were impacted by a breach, it could have a domino effect, he said.

Healthcare organizations are more vulnerable to cybersecurity attacks than other systems are because hackers know they are impacted more when technologies aren’t working, Kessem said. Such downtime costs organizations financially, but it also can cost lives if medical systems are disrupted.

The complexity of the technology infrastructure healthcare systems tend to use also makes them more vulnerable to attacks, Kessem said, and many organizations run outdated programs on devices they use every day, exacerbating the issue.

According to IBM’s report, highly regulated environments such as healthcare systems wind up paying for data breaches for longer compared with less-regulated industries. Typically a healthcare organization can take more than 10 months to recover from a data breach.

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Cynerio released a report last week that shows hospitals typically have to pay $250,000 to $500,000 to recover access to their technology after a ransomware attack, and there is no real way to recoup those costs, Holmes said. The firm asked 517 hospital leaders about the frequency of attacks; leaders reported that once their system was hit, they got hit many more times afterward. Overall, 11% of the time, healthcare systems were attacked 25 or more times.

Almost a quarter of cyberattacks Cynerio studied led to increased patient mortality, Holmes said, because attacks disrupted lifesaving medical treatment.

Sher Baig, who works in global cyber commercialization at GE Healthcare, said big hospitals can see losses of up to $50 million in a single quarter because of cyberattacks. The losses are so large they could force hospitals out of business, Baig said, punctuating the need for hospital leaders to have a defense plan in place.

“I highly recommend having an incident response plan, a team in place to carry out the response, and drilling that plan to Strengthen over time,” Kessem said. “A special playbook for ransomware cases can not only save costs for the hospital—about 58% of the breach’s cost—but it can also save lives.”

IBM has released annual reports on the cost of data breaches for nearly two decades.

This story first appeared in our sister publication, Crain's New York Business.

Tue, 09 Aug 2022 04:38:00 -0500 en text/html https://www.modernhealthcare.com/cybersecurity/ibm-report-finds-cybersecurity-attacks-impact-healthcare-more-any-other-sector
Killexams : Customer Experience Management Market Worth $29.78 Billion

NEW YORK, Aug. 10, 2022 /PRNewswire/ -- The Insight Partners published latest research study on "Customer Experience Management Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Solution and Service), Deployment Mode (On-Premise and Cloud-Based), Organization Size [Small and Medium Enterprises (SMEs) and Large Enterprises], Touchpoint (Call Center, Website, Mobile Application, Email, Social Media, and Others), and Industry Vertical (IT & Telecom, BFSI, Energy & Utilities, Government, Retail, Manufacturing, and Others)", the global customer experience management market size is projected to grow from $11.55 billion in 2022 to $29.78 billion by 2028; it is expected to grow at a CAGR of 17.1% from 2022 to 2028.

Download PDF Brochure of Customer Experience Management Market Size - COVID-19 Impact and Global Analysis with Strategic Developments at: https://www.theinsightpartners.com/sample/TIPRE00003637/

Customer Experience Management Market Report Scope & Strategic Insights:

Report Coverage

Details

Market Size Value in

US$ 11.55 Billion in 2022

Market Size Value by

US$ 29.78 Billion by 2028

Growth rate

CAGR of 17.1% from 2022 to 2028

Forecast Period

2022-2028

Base Year

2022

No. of Pages

229

No. Tables

142

No. of Charts & Figures

105

Historical data available

Yes

Segments covered

Component, Deployment Mode, Organization Size, Touchpoint, and Industry Vertical

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends


Customer Experience Management Market: Competitive Landscape and Key Developments

Adobe; Avaya Inc.; IBM Corporation; NICE Ltd.; Oracle Corporation; SAP SE; Verint Systems, Inc.; Zendesk; SAS Institute Inc.; and Salesforce.com, Inc. are among the leading players profiled in the customer experience management market report. Several other essential market players were analyzed for a holistic view of the customer experience management market and its ecosystem. The report provides detailed market insights, which help the key players to strategize their growth, as mentioned below.

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In 2021, Zendesk announced that it is acquiring Momentive, a leading agile experience management company, and its SurveyMonkey Platform. With this acquisition, Zendesk is aiming to develop a customer intelligence company.

In 2020, Avaya launched Avaya Experience Business. It aligns services, partners, and developers of Avaya into an ecosystem for improving experiences for both customers and employees.

In 2020, with Salesforce Service Cloud Voice, Deloitte Digital provided an enhanced customer experience across all touchpoints. The new offering improves the omnichannel customer experience for contact centers.

In 2020, Verint extended its partnership with Adobe for providing support to Strengthen customer experiences by combining Verint Experience Cloud with Adobe Experience Platform.

Growing E-Commerce Industries Globally Propels Customer Experience Management Market Growth:

With the development of e-commerce and digital banking, customers are becoming more open to digital channels. Several retailers have moved from physical stores to digital channels over the decade. For instance, Statista stated that over 2 billion people purchased products and services online in 2020, with global electronic retail sales exceeding US$ 4.5 trillion. As a result, retailers employ AI-enabled virtual rehearsal rooms, chatbots, and surveillance to capture and analyze customer behavior.

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Brands use multiple channels such as social media, mobile applications, and websites to increase awareness. Such factors are propelling the growth of the customer experience management market. Further, the proliferation of social media channels such as Facebook, Instagram, YouTube, Twitter, and Pinterest drives brand awareness, marketing, and direct purchases. Various brands use social media shops to simplify the customer purchasing process. For example, Facebook and Instagram shops help retailers to attract new customers and shop directly on social media platforms. Consumer experience solutions help these retailers to reduce churn, increase lifetime value, and retain customers. Hence, changing consumer buying behavior is boosting market growth.

Furthermore, the digitization of healthcare is accelerating the adoption of e-health applications, telemedicine, smart health devices, and wearable devices. The digitization of healthcare is changing customer expectations for 24/7 service and immediate response. Therefore, companies are adopting different digital strategies to Strengthen the customer experience. Thus, the factors mentioned above are driving the market growth.

The COVID-19 pandemic severely impacted European countries, such as Italy, Spain, France, and Germany. Before the emergence of the COVID-19 pandemic, the customer experience management market was expected to rise significantly due to growing demand from various industries such as e-commerce and IT & telecom and a rise in business activities in all industry verticals. Furthermore, the pandemic resulted in imposed lockdowns in Europe, which boosted the adoption of online platforms over traditional ones. Thus, the emergence of the COVID-19 pandemic in 2020 benefitted the market due to the rise in the adoption of CEM solutions in industry verticals.

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In 2022, the demand for CEM solutions is expected to increase due to a rise in multiple industries such as healthcare, tourism & hospitality, telecommunication, and BFSI. Further, the European Commission is working on the capital markets union to introduce new funding for Europe's businesses and boost growth in EU countries in 2022. Thus, such growth initiatives in strengthening business activities are anticipated to increase the demand for CEM solutions.

Customer Experience Management Market: Industry Overview

The customer experience management market is segmented into component, deployment mode, organization size, touchpoint, industry vertical, and geography. The customer experience management market analysis by component, the market is bifurcated into solution and service. The customer experience management market analysis by deployment mode, the market is bifurcated into cloud-based and on-premise. Based on organization size, the market is divided into large enterprises and small and medium enterprises (SMEs). Based on touchpoint, the market is segmented into call center, website, mobile applications, email, social media, and others. Based on industry vertical, the market is segmented into IT & telecom, BFSI, energy & utilities, government, retail, manufacturing, and others.

By geography, the customer experience management market is categorized into five regions—North America, Europe, Asia Pacific, the Middle East & Africa, and South America. In North America, the US is one of the primary markets for the customer experience management market players due to their increasing adoption of big data solutions to gain insights into customer behavior and preferences. CEM solutions provide quantifiable metrics and actionable insights into the issues that impact end users and help organizations Strengthen their overall customer experience. In addition, the increasing digitalization of processes and infrastructure in the enterprise sector is fueling the adoption of automated CEM solutions in North America. Further, increasing the adoption of digital channels for interaction will help organizations better understand the underlying needs of their end users through a digital experience.

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The highly informed and demanding customers increasingly need timely and personalized interaction services. As a result, companies in the region must adopt CEM solutions that ensure consistent service. In recent years, the US made significant corporate investments in software development, network deployment, and the latest technologies. This trend remains strong for the foreseeable future and can strengthen the US market for CEM over the forecast period. Various companies in North America focus on organic growth strategies and new product launches to meet growing demands. For instance, in 2020, Adobe launched the Digital Economy Index, the real-time barometer of the digital economy. It analyzes trillions of online transactions across 100 million products in 18 different categories.

Browse Adjoining Reports:

Customer Experience Management Software Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Software, Services); Deployment Type (On-Premise, Cloud); Platform (Website, Email, Voice Assistants, Mobile App, Others); Industries (Retail, BFSI, Healthcare, Media and Entertainment, Government Sector, Others) and Geography

Customer Success Platform Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Solution, Services); Deployment (Cloud, On-Premise); Application Area (Customer Experience Management, Customer Service, Sales and Marketing Management, Risk and Compliance Management, Others); Enterprise Size (Large Enterprises, SMEs); Industry Vertical (BFSI, IT and Telecom, Retail and e-commerce, Healthcare, Government, Others) and Geography

Audience Analytics Market Forecast to 2028 - Covid-19 Impact and Global Analysis - Component (Solutions and Services); Application (Sales & Marketing, Customer Experience, and Competitive Analysis); End-user (BFSI, IT & Telecommunication, Retail, Healthcare, Media & Entertainment, Hospitality, and Government) and Geography

Customer Journey Analytics Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Solution, Services); Deployment (On-premises, Cloud); Organization Size (Small and Medium-Sized Enterprises (SMEs), Large enterprises); Vertical (BFSI, Retail and E-commerce, Government and Defense, Healthcare and Life Sciences, Manufacturing, Telecommunications and IT, Energy and Utilities, Others); Application (Customer Segmentation and Targeting, Customer Behavioral Analysis, Customer Churn Analysis, Brand Management, Campaign Management, Product Management, Customer Experience Management, Others) and Geography

Social Media Management Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Solution and Service), Deployment (On-Premise and Cloud based), Enterprise Size [Small and Medium Enterprises (SMEs) and Large Enterprises], Application (Sales and Marketing Management, Customer Experience Management, Competitive Intelligence, and Risk Management and Fraud Detection), and Vertical (IT and Telecom, BFSI, Healthcare, Media and Entertainment, Retail, and Others)

Social Media Monitoring Tool Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Components (Software and Services); Applications (Real Time Analytics, Customer Experience Management, Social Media Intelligence, and Content Management); End-User (Retail & Consumer Goods, Education, BFSI, Media & Entertainment, Telecommunication, and Travel & Hospitality)

Social Analytics Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Component (Software, Services) ; Solutions (Social Monitoring, Text Analytics, Sentiment Analysis, Image Analysis, Others) ; Application (Sales and Marketing Management, Competitive Intelligence, Customer Experience Management, Risk Management and Fraud Detection, Others) ; End-user (Retail and E-commerce, BFSI, IT and Telecom, Healthcare, Travel and Hospitality, Others) and Geography

GPU Database Market Forecast to 2028 - Covid-19 Impact and Global Analysis - By Component (Tool, Services); Deployment (Cloud, On-premise); Application (Fraud Detection and Prevention, Governance Risk and Compliance (GRC), Customer Experience Management, Predictive Maintenance, Supply Chain Management, Threat Intelligence, Others); Industry Vertical (BFSI, IT and Telecom, Retail and e-commerce, Healthcare, Transportation and Logistics, Government and Defense, Others) and Geography

Digital Twin Technology Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Application (Product Design and Testing, Smart Connected Products, Robotics, Asset Management, Customer Experience, Others); End-user (Manufacturing, Healthcare, Automotive and Transportation, Energy and Utilities, Retail, Logistics, Others) and Geography

Indoor Location Market to 2027 - Global Analysis and Forecasts by Deployment Type (On-Premise and On-Cloud); by Technology (Tags, Nodes, Ultra-Wideband, Bluetooth, Wi-Fi, Visible Light Communication and Radiofrequency Identification); by Components ( Hardware, Software and Services); by Application (Remote Monitoring, Customer Experience Management, Inventory Management, Emergency Response Management, Sales and Marketing Optimization, Risk Management, Predictive Asset Analytics and Others) and Verticals (Hospitality, Retail, Transportation & Logistics, Entertainment, Public Buildings, Manufacturing and Others); and Geography

Smart Process Application Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Solution (Enterprise Content Management, Business Process Management, Customer Experience Management, Business Intelligence and Analytics, Others); Services (Professional, Managed); Deployment Model (On-Premises, Cloud); End-user (BFSI, Retail, Manufacturing, Healthcare, Others); Organization Size (SMEs, Large Enterprise) and Geography

About Us:

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

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Wed, 10 Aug 2022 00:52:00 -0500 text/html https://www.tmcnet.com/usubmit/-customer-experience-management-market-worth-2978-billion-2028-/2022/08/10/9653597.htm
Killexams : IBM report shows cyberattacks growing fast in number, scale No result found, try new keyword!A new report out of IBM shows that when it comes to the rising threat of data breaches, it’s the consumer – not the company – fronting the price tag. Fri, 29 Jul 2022 22:30:00 -0500 text/html https://www.bizjournals.com/triad/news/2022/07/30/ibm-data-cyberattacks-growing-in-number-scale.html Killexams : IBM acquires Databand.ai

IBM recently announced it has acquired Databand.ai, a leading provider of data observability software that helps organizations fix issues with their data, including errors, pipeline failures and poor quality — before it impacts their bottom-line. Today's news further strengthens IBM's software portfolio across data, AI and automation to address the full spectrum of observability and helps businesses ensure that trustworthy data is being put into the right hands of the right users at the right time.

Databand.ai is IBM's fifth acquisition in 2022 as the company continues to bolster its hybrid cloud and AI skills and capabilities. IBM has acquired more than 25 companies since Arvind Krishna became CEO in April 2020.

As the volume of data continues to grow at an unprecedented pace, organizations are struggling to manage the health and quality of their data sets, which is necessary to make better business decisions and gain a competitive advantage.

Data observability takes traditional data operations to the next level by using historical trends to compute statistics about data workloads and data pipelines directly at the source, determining if they are working, and pinpointing where any problems may exist. When combined with a full stack observability strategy, it could help IT teams quickly surface and resolve issues from infrastructure and applications to data and machine learning systems.

Databand.ai's open and extendable approach allows data engineering teams to easily integrate and gain observability into their data infrastructure. This acquisition would unlock more resources for Databand.ai to expand its observability capabilities for broader integrations across more of the open source and commercial solutions that power the modern data stack. Enterprises would also have full flexibility in how to run Databand.ai, whether as-a-Service (SaaS) or a self-hosted software subscription.

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The acquisition of Databand.ai builds on IBM's research and development investments as well as strategic acquisitions in AI and automation. By using Databand.ai with IBM Observability by Instana APM and IBM Watson Studio, IBM is well-positioned to address the full spectrum of observability across IT operations.

"Our clients are data-driven enterprises who rely on high-quality, trustworthy data to power their mission-critical processes. When they don't have access to the data they need at any given moment, their business could grind to a halt," said Daniel Hernandez, general manager for Data and AI, IBM. "With the addition of Databand.ai, IBM offers the most comprehensive set of observability capabilities for IT across applications, data and machine learning, and is continuing to provide our clients and partners with the technology they need to deliver trustworthy data and AI at scale."

Headquartered in Tel Aviv, Israel, Databand.ai employees will join IBM Data and AI, further building on IBM's growing portfolio of Data and AI products, including its IBM Watson capabilities and IBM Cloud Pak for Data. Financial details of the deal were not disclosed. The acquisition closed on June 27, 2022.

Sat, 16 Jul 2022 12:00:00 -0500 en text/html https://www.manilatimes.net/2022/07/17/business/sunday-business-it/ibm-acquires-databandai/1851170
Killexams : IBM Report: Consumers Pay The Price As Data Breach Costs Reach All-Time High'

(MENAFN- PR Newswire)

60% of breached businesses raised product prices post-breach; vast majority of critical infrastructure lagging in zero trust adoption; $550,000 in extra costs for insufficiently staffed businesses

CAMBRIDGE, Mass., July 27, 2022 /PRNewswire/ -- IBM (NYSE: IBM ) Security today released the annual Cost of a Data Breach Report ,1 revealing costlier and higher-impact data breaches than ever before, with the global average cost of a data breach reaching an all-time high of $4.35 million for studied organizations. With breach costs increasing nearly 13% over the last two years of the report, the findings suggest these incidents may also be contributing to rising costs of goods and services. In fact, 60% of studied organizations raised their product or services prices due to the breach, when the cost of goods is already soaring worldwide amid inflation and supply chain issues.

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60% of breached businesses studied stated they increased the price of their products or services due to the data breach

The perpetuality of cyberattacks is also shedding light on the 'haunting effect' data breaches are having on businesses, with the IBM report finding 83% of studied organizations have experienced more than one data breach in their lifetime. Another factor rising over time is the after-effects of breaches on these organizations, which linger long after they occur, as nearly 50% of breach costs are incurred more than a year after the breach.

The 2022 Cost of a Data Breach Report is based on in-depth analysis of real-world data breaches experienced by 550 organizations globally between March 2021 and March 2022. The research, which was sponsored and analyzed by IBM Security, was conducted by the Ponemon Institute.

Some of the key findings in the 2022 IBM report include:

  • Critical Infrastructure Lags in Zero Trust – Almost 80% of critical infrastructure organizations studied don't adopt zero trust strategies, seeing average breach costs rise to $5.4 million – a $1.17 million increase compared to those that do. All while 28% of breaches amongst these organizations were ransomware or destructive attacks.
  • It Doesn't Pay to Pay – Ransomware victims in the study that opted to pay threat actors' ransom demands saw only $610,000 less in average breach costs compared to those that chose not to pay – not including the cost of the ransom. Factoring in the high cost of ransom payments, the financial toll may rise even higher, suggesting that simply paying the ransom may not be an effective strategy.
  • Security Immaturity in Clouds – Forty-three percent of studied organizations are in the early stages or have not started applying security practices across their cloud environments, observing over $660,000 on average in higher breach costs than studied organizations with mature security across their cloud environments.
  • Security AI and Automation Leads as Multi-Million Dollar Cost Saver – Participating organizations fully deploying security AI and automation incurred $3.05 million less on average in breach costs compared to studied organizations that have not deployed the technology – the biggest cost saver observed in the study.

'Businesses need to put their security defenses on the offense and beat attackers to the punch. It's time to stop the adversary from achieving their objectives and start to minimize the impact of attacks. The more businesses try to perfect their perimeter instead of investing in detection and response, the more breaches can fuel cost of living increases.' said Charles Henderson, Global Head of IBM Security X-Force. 'This report shows that the right strategies coupled with the right technologies can help make all the difference when businesses are attacked.'

Over-trusting Critical Infrastructure Organizations Concerns over critical infrastructure targeting appear to be increasing globally over the past year, with many governments' cybersecurity agencies urging vigilance against disruptive attacks. In fact, IBM's report reveals that ransomware and destructive attacks represented 28% of breaches amongst critical infrastructure organizations studied, highlighting how threat actors are seeking to fracture the global supply chains that rely on these organizations. This includes financial services, industrial, transportation and healthcare companies amongst others.

Despite the call for caution, and a year after the Biden Administration issued a cybersecurity executive order that centers around the importance of adopting a zero trust approach to strengthen the nation's cybersecurity, only 21% of critical infrastructure organizations studied adopt a zero trust security model, according to the report. Add to that, 17% of breaches at critical infrastructure organizations were caused due to a business partner being initially compromised, highlighting the security risks that over-trusting environments pose.

Businesses that Pay the Ransom Aren't Getting a 'Bargain' According to the 2022 IBM report, businesses that paid threat actors' ransom demands saw $610,000 less in average breach costs compared to those that chose not to pay – not including the ransom amount paid. However, when accounting for the average ransom payment, which according to Sophos reached $812,000 in 2021, businesses that opt to pay the ransom could net higher total costs - all while inadvertently funding future ransomware attacks with capital that could be allocated to remediation and recovery efforts and looking at potential federal offenses.

The persistence of ransomware, despite significant global efforts to impede it, is fueled by the industrialization of cybercrime. IBM Security X-Force discovered the duration of studied enterprise ransomware attacks shows a drop of 94% over the past three years – from over two months to just under four days. These exponentially shorter attack lifecycles can prompt higher impact attacks, as cybersecurity incident responders are left with very short windows of opportunity to detect and contain attacks. With 'time to ransom' dropping to a matter of hours, it's essential that businesses prioritize rigorous testing of incident response (IR) playbooks ahead of time. But the report states that as many as 37% of organizations studied that have incident response plans don't test them regularly.

Hybrid Cloud Advantage The report also showcased hybrid cloud environments as the most prevalent (45%) infrastructure amongst organizations studied. Averaging $3.8 million in breach costs, businesses that adopted a hybrid cloud model observed lower breach costs compared to businesses with a solely public or private cloud model, which experienced $5.02 million and $4.24 million on average respectively. In fact, hybrid cloud adopters studied were able to identify and contain data breaches 15 days faster on average than the global average of 277 days for participants.

The report highlights that 45% of studied breaches occurred in the cloud, emphasizing the importance of cloud security. However, a significant 43% of reporting organizations stated they are just in the early stages or have not started implementing security practices to protect their cloud environments, observing higher breach costs2. Businesses studied that did not implement security practices across their cloud environments required an average 108 more days to identify and contain a data breach than those consistently applying security practices across all their domains.

Additional findings in the 2022 IBM report include:

  • Phishing Becomes Costliest Breach Cause – While compromised credentials continued to reign as the most common cause of a breach (19%), phishing was the second (16%) and the costliest cause, leading to $4.91 million in average breach costs for responding organizations.
  • Healthcare Breach Costs Hit Double Digits for First Time Ever – For the 12th year in a row, healthcare participants saw the costliest breaches amongst industries with average breach costs in healthcare increasing by nearly $1 million to reach a record high of $10.1 million.
  • Insufficient Security Staffing – Sixty-two percent of studied organizations stated they are not sufficiently staffed to meet their security needs, averaging $550,000 more in breach costs than those that state they are sufficiently staffed.

Additional Sources

  • To get a copy of the 2022 Cost of a Data Breach Report, please visit: .
  • Read more about the report's top findings in this IBM Security Intelligence blog .
  • Sign up for the 2022 IBM Security Cost of a Data Breach webinar on Wednesday, August 3, 2022, at 11:00 a.m. ET here .
  • Connect with the IBM Security X-Force team for a personalized review of the findings: .

About IBM Security IBM Security offers one of the most advanced and integrated portfolios of enterprise security products and services. The portfolio, supported by world-renowned IBM Security X-Force® research, enables organizations to effectively manage risk and defend against emerging threats. IBM operates one of the world's broadest security research, development, and delivery organizations, monitors 150 billion+ security events per day in more than 130 countries, and has been granted more than 10,000 security patents worldwide. For more information, please check  , follow @IBMSecurity on Twitter or visit the IBM Security Intelligence blog .

Press Contact:

IBM Security CommunicationsGeorgia Prassinos[email protected]

1 Cost of a Data Breach Report 2022 , conducted by Ponemon Institute, sponsored, and analyzed by IBM2 Average cost of $4.53M, compared to average cost $3.87 million at participating organizations with mature-stage cloud security practices

SOURCE IBM

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Killexams : IBM Acquires Databand.ai to Boost Data Observability Capabilities

IBM is acquiring Databand.ai, a leading provider of data observability software that helps organizations fix issues with their data, including errors, pipeline failures, and poor quality. The acquisition further strengthens IBM's software portfolio across data, AI, and automation to address the full spectrum of observability.

Databand.ai is IBM's fifth acquisition in 2022 as the company continues to bolster its hybrid cloud and AI skills and capabilities.

Databand.ai's open and extendable approach allows data engineering teams to easily integrate and gain observability into their data infrastructure.

This acquisition will unlock more resources for Databand.ai to expand its observability capabilities for broader integrations across more of the open source and commercial solutions that power the modern data stack.

Enterprises will also have full flexibility in how to run Databand.ai, whether as-a-Service (SaaS) or a self-hosted software subscription.

The acquisition of Databand.ai builds on IBM's research and development investments as well as strategic acquisitions in AI and automation. By using Databand.ai with IBM Observability by Instana APM and IBM Watson Studio, IBM is well-positioned to address the full spectrum of observability across IT operations.

"Our clients are data-driven enterprises who rely on high-quality, trustworthy data to power their mission-critical processes. When they don't have access to the data they need in any given moment, their business can grind to a halt," said Daniel Hernandez, general manager for data and AI, IBM. "With the addition of Databand.ai, IBM offers the most comprehensive set of observability capabilities for IT across applications, data and machine learning, and is continuing to provide our clients and partners with the technology they need to deliver trustworthy data and AI at scale."

The acquisition of Databand.ai further extends IBM's existing data fabric solution by helping ensure that the most accurate and trustworthy data is being put into the right hands at the right time—no matter where it resides.

Headquartered in Tel Aviv, Israel, Databand.ai employees will join IBM Data and AI, further building on IBM's growing portfolio of Data and AI products, including its IBM Watson capabilities and IBM Cloud Pak for Data. Financial details of the deal were not disclosed. The acquisition closed on June 27, 2022.

For more information about this news, visit www.ibm.com.


Mon, 11 Jul 2022 01:00:00 -0500 en text/html https://www.dbta.com/Editorial/News-Flashes/IBM-Acquires-Databandai-to-Boost-Data-Observability-Capabilities-153842.aspx
Killexams : IBM hopes a new error mitigation technique will help it get to quantum advantage

It felt like for a long time, the quantum computing industry avoided talking about "quantum advantage" or "quantum supremacy," the point where quantum computers can solve problems that would simply take too long to solve on classical computers. To some degree, that's because the industry wanted to avoid the hype that comes with that, but IBM today brought back talk about quantum advantage again by detailing how it plans to use a novel error mitigation technique to chart a path toward running the increasingly large circuits it'll take to reach this goal -- at least for a certain set of algorithms.

It's no secret that quantum computers hate nothing more than noise. Qubits are fickle things, after all, and the smallest change in temperature or vibration can make them decohere. There's a reason the current era of quantum computing is associated with "noisy intermediate-scale quantum (NISQ) technology."

The engineers at IBM and every other quantum computing company are making slow but steady strides toward reducing that noise on the hardware and software level, with IBM's 65-qubit systems from 2020 now showing twice the coherence time compared to when they first launched, for example. The coherence time of IBM's transmon superconducting qubits is now over 1 ms.

But IBM is also taking another approach but betting on new error mitigation techniques, dubbed probabilistic error cancellation and zero-noise extrapolation. At a very basic level, you can almost think of this as the quantum equivalent of the active noise cancellation in your headphones. The system regularly checks the system for noise and then essentially inverts those noisy circuits to enable it to create virtually error-free results.

IBM has now shown that this isn't just a theoretical possibility but actually works in its existing systems. One disadvantage here is that there is quite a bit of overhead when you constantly sample these noisy circuits and that overhead is exponential in the number of qubits and the circuit depths. But that's a trade-off worth making, argues Jerry Chow, the director of Hardware Development for IBM Quantum.

"Error mitigation is about finding ways to deal with the physical errors in certain ways, by learning about the errors and also just running quantum circuits in such a way that allows us to cancel them," explained Chow. "In some ways, error correction is like the ultimate error mitigation, but the point is that there are techniques that are more near term with a lot of the hardware that we're building that already provide this avenue. The one that we're really excited about is called probabilistic error cancellation. And that one really is a way of trading off runtime -- trading off running more circuits in order to learn about the noise that might be inherent to the system that is impacting your calculations."

The system essentially inserts additional gates into existing circuits to sample the noise inherent in the system. And while the overhead increases exponentially with the size of the system, the IBM team believes it's a weaker exponential than the best classical methods to estimate those same circuits.

As IBM previously announced, it plans to introduce error mitigation and suppression techniques into its Qiskit Runtime by 2024 or 2025 so developers won't even have to think about these when writing their code.

Mon, 18 Jul 2022 20:00:00 -0500 en-US text/html https://www.aol.com/news/ibm-hopes-error-mitigation-technique-120008722.html
Killexams : How IBM, Red Hat could capitalize in talent battle with Google, Apple and other Big Tech players No result found, try new keyword!For IBM and its Raleigh-based subsidiary Red Hat ... unafraid to poach employees “because that engineering talent, that developer talent is so scarce and valuable.” But, as many think the ... Mon, 18 Jul 2022 23:43:00 -0500 text/html https://www.bizjournals.com/triangle/news/2022/07/19/how-ibm-red-hat-could-capitalize-on-down-economy.html Killexams : IBM Report: Consumers Pay the Price as Data Breach Costs Reach All-Time High

60% of breached businesses raised product prices post-breach; vast majority of critical infrastructure lagging in zero trust adoption; $550,000 in extra costs for insufficiently staffed businesses

CAMBRIDGE, Mass., July 27, 2022 /PRNewswire/ -- IBM (NYSE: IBM) Security today released the annual Cost of a Data Breach Report,1 revealing costlier and higher-impact data breaches than ever before, with the global average cost of a data breach reaching an all-time high of $4.35 million for studied organizations. With breach costs increasing nearly 13% over the last two years of the report, the findings suggest these incidents may also be contributing to rising costs of goods and services. In fact, 60% of studied organizations raised their product or services prices due to the breach, when the cost of goods is already soaring worldwide amid inflation and supply chain issues.

60% of breached businesses studied stated they increased the price of their products or services due to the data breach

The perpetuality of cyberattacks is also shedding light on the "haunting effect" data breaches are having on businesses, with the IBM report finding 83% of studied organizations have experienced more than one data breach in their lifetime. Another factor rising over time is the after-effects of breaches on these organizations, which linger long after they occur, as nearly 50% of breach costs are incurred more than a year after the breach.

The 2022 Cost of a Data Breach Report is based on in-depth analysis of real-world data breaches experienced by 550 organizations globally between March 2021 and March 2022. The research, which was sponsored and analyzed by IBM Security, was conducted by the Ponemon Institute.

Some of the key findings in the 2022 IBM report include:

  • Critical Infrastructure Lags in Zero Trust – Almost 80% of critical infrastructure organizations studied don't adopt zero trust strategies, seeing average breach costs rise to $5.4 million – a $1.17 million increase compared to those that do. All while 28% of breaches amongst these organizations were ransomware or destructive attacks.
  • It Doesn't Pay to Pay – Ransomware victims in the study that opted to pay threat actors' ransom demands saw only $610,000 less in average breach costs compared to those that chose not to pay – not including the cost of the ransom. Factoring in the high cost of ransom payments, the financial toll may rise even higher, suggesting that simply paying the ransom may not be an effective strategy.
  • Security Immaturity in Clouds – Forty-three percent of studied organizations are in the early stages or have not started applying security practices across their cloud environments, observing over $660,000 on average in higher breach costs than studied organizations with mature security across their cloud environments.
  • Security AI and Automation Leads as Multi-Million Dollar Cost Saver – Participating organizations fully deploying security AI and automation incurred $3.05 million less on average in breach costs compared to studied organizations that have not deployed the technology – the biggest cost saver observed in the study.

"Businesses need to put their security defenses on the offense and beat attackers to the punch. It's time to stop the adversary from achieving their objectives and start to minimize the impact of attacks. The more businesses try to perfect their perimeter instead of investing in detection and response, the more breaches can fuel cost of living increases." said Charles Henderson, Global Head of IBM Security X-Force. "This report shows that the right strategies coupled with the right technologies can help make all the difference when businesses are attacked."

Over-trusting Critical Infrastructure Organizations
Concerns over critical infrastructure targeting appear to be increasing globally over the past year, with many governments' cybersecurity agencies urging vigilance against disruptive attacks. In fact, IBM's report reveals that ransomware and destructive attacks represented 28% of breaches amongst critical infrastructure organizations studied, highlighting how threat actors are seeking to fracture the global supply chains that rely on these organizations. This includes financial services, industrial, transportation and healthcare companies amongst others.

Despite the call for caution, and a year after the Biden Administration issued a cybersecurity executive order that centers around the importance of adopting a zero trust approach to strengthen the nation's cybersecurity, only 21% of critical infrastructure organizations studied adopt a zero trust security model, according to the report. Add to that, 17% of breaches at critical infrastructure organizations were caused due to a business partner being initially compromised, highlighting the security risks that over-trusting environments pose.

Businesses that Pay the Ransom Aren't Getting a "Bargain"
According to the 2022 IBM report, businesses that paid threat actors' ransom demands saw $610,000 less in average breach costs compared to those that chose not to pay – not including the ransom amount paid. However, when accounting for the average ransom payment, which according to Sophos reached $812,000 in 2021, businesses that opt to pay the ransom could net higher total costs - all while inadvertently funding future ransomware attacks with capital that could be allocated to remediation and recovery efforts and looking at potential federal offenses.

The persistence of ransomware, despite significant global efforts to impede it, is fueled by the industrialization of cybercrime. IBM Security X-Force discovered the duration of studied enterprise ransomware attacks shows a drop of 94% over the past three years – from over two months to just under four days. These exponentially shorter attack lifecycles can prompt higher impact attacks, as cybersecurity incident responders are left with very short windows of opportunity to detect and contain attacks. With "time to ransom" dropping to a matter of hours, it's essential that businesses prioritize rigorous testing of incident response (IR) playbooks ahead of time. But the report states that as many as 37% of organizations studied that have incident response plans don't test them regularly.

Hybrid Cloud Advantage
The report also showcased hybrid cloud environments as the most prevalent (45%) infrastructure amongst organizations studied. Averaging $3.8 million in breach costs, businesses that adopted a hybrid cloud model observed lower breach costs compared to businesses with a solely public or private cloud model, which experienced $5.02 million and $4.24 million on average respectively. In fact, hybrid cloud adopters studied were able to identify and contain data breaches 15 days faster on average than the global average of 277 days for participants.

The report highlights that 45% of studied breaches occurred in the cloud, emphasizing the importance of cloud security. However, a significant 43% of reporting organizations stated they are just in the early stages or have not started implementing security practices to protect their cloud environments, observing higher breach costs2. Businesses studied that did not implement security practices across their cloud environments required an average 108 more days to identify and contain a data breach than those consistently applying security practices across all their domains.

Additional findings in the 2022 IBM report include:

  • Phishing Becomes Costliest Breach Cause – While compromised credentials continued to reign as the most common cause of a breach (19%), phishing was the second (16%) and the costliest cause, leading to $4.91 million in average breach costs for responding organizations.
  • Healthcare Breach Costs Hit Double Digits for First Time Ever– For the 12th year in a row, healthcare participants saw the costliest breaches amongst industries with average breach costs in healthcare increasing by nearly $1 million to reach a record high of $10.1 million.
  • Insufficient Security Staffing – Sixty-two percent of studied organizations stated they are not sufficiently staffed to meet their security needs, averaging $550,000 more in breach costs than those that state they are sufficiently staffed.

Additional Sources

  • To get a copy of the 2022 Cost of a Data Breach Report, please visit: https://www.ibm.com/security/data-breach.
  • Read more about the report's top findings in this IBM Security Intelligence blog.
  • Sign up for the 2022 IBM Security Cost of a Data Breach webinar on Wednesday, August 3, 2022, at 11:00 a.m. ET here.
  • Connect with the IBM Security X-Force team for a personalized review of the findings: https://ibm.biz/book-a-consult.

About IBM Security
IBM Security offers one of the most advanced and integrated portfolios of enterprise security products and services. The portfolio, supported by world-renowned IBM Security X-Force® research, enables organizations to effectively manage risk and defend against emerging threats. IBM operates one of the world's broadest security research, development, and delivery organizations, monitors 150 billion+ security events per day in more than 130 countries, and has been granted more than 10,000 security patents worldwide. For more information, please check www.ibm.com/security, follow @IBMSecurity on Twitter or visit the IBM Security Intelligence blog.

Press Contact:

IBM Security Communications
Georgia Prassinos
gprassinos@ibm.com

1 Cost of a Data Breach Report 2022, conducted by Ponemon Institute, sponsored, and analyzed by IBM
2 Average cost of $4.53M, compared to average cost $3.87 million at participating organizations with mature-stage cloud security practices

IBM Corporation logo. (PRNewsfoto/IBM)

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SOURCE IBM

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