CLOUD INFRASTRUCTURE MANAGEMENT

MORAI to Introduce Cloud-Enabled Autonomous Driving Simulation Technology at CES 2022

MORAI | January 03, 2022

MORAI, the principal creator of full-stack autonomous driving simulation technology, declared today that it will reveal MORAI SIM Cloud, which leverages the cloud to build a wide range of simulation ecosystems without hardware limitations and allows simultaneous testing, at CES 2022.

MORAI SIM Cloud is the Software as a Service (SaaS) application of the prevalent MORAI autonomous driving simulator, MORAI SIM, that will enable users to execute simulation tests in the cloud environment without the the need for any software installation on their local computers. The cloud-enabled process will play a major role in improving test efficiency as it allows users to run a plethora of simulation tests demanding multiple computers to run on a single computer concurrently.

MORAI SIM Cloud will also provide a test automation feature, which automatically allocates test cases in a cloud environment to execute tests and generate ultimate results.

"Based on the cloud-based simulation technology, we announce Cloud-based Autonomous Driving Simutation Technology at  CES 2022.  MORAI will dynamically expand domestic and global business opportunities. We will also use in-person engagement at this year's CES as a prospect to further build global partnerships and actively engage in sharing autonomous driving simulation technologies."

- Jiwon Jung CEO of MORAI

MORAI is the only creator and distributor of a full-stack autonomous driving simulation environment in South Korea, with more than 100 clients, including Naver Labs, Hyundai Mobis and Samsung Engineering. In 2021, the company has acquired around two billion KRW through a bridge funding round. As a result, they were nominated as a future unicorn company by the Ministry of Science and ICT of Korea. They have also received the Hong Dae-yong Award for Patent Technology. MORAI has received additional recognition, such as the Korea Institute of Startup & Entrepreneurship Development Award in the Youth Enterprise Sector and the Prime Minister's Commendation.

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CLOUD SECURITY

SpringML Renews its Machine Learning Specialization in the Google Cloud Partner Advantage Program

SpringML | September 08, 2022

SpringML, Inc. , a leader in machine learning and advanced data analytics services, today announced that it has achieved the renewed Machine Learning Partner Specialization in the Google Cloud Partner Advantage Program. By earning the Machine Learning Partner Specialization, SpringML has shown its expertise and success in building customer solutions in the Machine Learning field using Google Cloud technology. Partners achieving this specialization have demonstrated success with data exploration, preprocessing, model training, model evaluation, model deployment, online prediction, and Google pretrained Machine Learning APIs. This specialization will further enable customers to leverage Google Cloud AI and machine learning services to analyze data, use speech and image recognition applications, and more. "Artificial intelligence and machine learning is one of the core foundations of a successful digital transformation. By using the Google Cloud ML tools & technologies, SpringML has helped enterprises in their digital transformation journey. "This is our third renewal which showcases our maturity and strength in providing end-to-end AI/ML support and services. SpringML's domain expertise, along with Google Cloud's capabilities, is well positioned to help our joint customers in their AI journey." Prabhu Palanisamy, President and Chief Strategy Officer at SpringML "AI/ML technologies are driving digital transformation across industries, and having access to experts with competencies in these areas is important to continued innovation,' said Derrick Thompson, Global Head of Partner Differentiation, Google Cloud. "SpringML's renewed Machine Learning Specialization is proof of its dedication to helping customers transform their business with cloud technologies like ML." At SpringML, we have earned various Google Cloud specializations, from Data Analytics, Data Management, Application Development, and Security, demonstrating our commitment to the success of our customers. SpringML is a trusted partner for data-driven digital transformation projects with our agile, iterative, and incremental delivery model that helps enterprises build future-ready applications. About SpringML, Inc. SpringML delivers data-driven digital transformation outcomes with an experimentation and design thinking mindset. We provide Google Cloud consulting and implementation services and industry-specific analytics solutions that deliver high-impact business value from data. SpringML is a Google Cloud partner with capabilities to plan, assess, deploy, and manage data-driven engagements. We have received Google Cloud specialization based on our expertise and customer portfolio for Data Management, Application Development, Data Analytics, Machine Learning, Marketing Analytics, and Security.

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CLOUD STORAGE

CORRECTING and REPLACING Bank of Queensland Goes Live on Temenos Banking Cloud

Temenos | August 19, 2022

"Temenos announced that Bank of Queensland (BOQ) has gone live with retail banking services on Temenos Banking Cloud for customers served under the BOQ and Virgin Money brands." (instead of "Temenos (SIX: TEMN) today announced that Bank of Queensland (BOQ) has gone live with retail banking services on Temenos Banking Cloud for customers served under the BOQ, Virgin Money and ME Bank brands.". The updated release reads: BOQ Group completes the next phase of its multi-year transformation which will enable it to create outstanding digital experiences and help customers reach their financial goals Temenos announced that Bank of Queensland (BOQ) has gone live with retail banking services on Temenos Banking Cloud for customers served under the BOQ and Virgin Money brands. Work has commenced on the migration of BOQ’s ME brand to Temenos Banking Cloud. Using Temenos cloud-based platform enables BOQ to offer superior customer propositions with personalized offerings at a fraction of the cost of its legacy systems, building a competitive advantage and a low cost-income ratio. Since go live, BOQ has completed over four million transactions on the new platform. The modernization project with Temenos simplifies BOQ’s technology landscape by consolidating 40 systems to a single platform for retail and business banking. As part of the project, BOQ Group will migrate all of its banking operations across three banking brands – leading regional bank BOQ, and challenger banks Virgin Money and ME Bank. BOQ Group is progressively rolling out the Temenos Banking Cloud across the entirety of the retail banking business lines, with business banking and lending to follow. Temenos provides the world’s leading open platform for composable banking, allowing banks and financial institutions to easily assemble, test and extend broad banking capabilities. Temenos Banking Cloud brings the unmatched breadth of Temenos’ front-to-back banking services. The combination of agility, scalability, and extensibility will help BOQ Group to create unique digital offerings, innovate faster, and address changing customer expectations. Rod Finch, Chief Product & Transformation Officer, Bank of Queensland, commented: “We are modernizing our technology from back to front to give us the flexibility and agility of a neobank, while leveraging the scalability and long-term investment of an established institution with 148 years in banking. This will provide our customers with compelling experiences, fast transactions and cutting-edge features. By leveraging the Temenos platform and the benefits of the cloud, we are attracting new customers and driving growth, ultimately improving our competitive advantage.” Erich Gerber, President and Global Head of Field Operations, Temenos, said: “The Australian banking market is going through unprecedented change as regulators look to drive innovation and competition, and banks navigate bringing personal relationships into the digital age. With Temenos Banking Cloud, we are putting banks in control of their business models and innovation cycles, giving them the agility and speed to build great products and profitable business. We’re delighted to have delivered this milestone with Bank of Queensland, and look forward to continuing to build on these successes.” About Temenos Temenos is the world’s leading open platform for composable banking, creating opportunities for over 1.2 billion people around the world every day. We serve over 3000 banks from the largest to challengers and community banks in 150+ countries by helping them build new banking services and state-of-the-art customer experiences. The Temenos open platform helps our top-performing clients achieve return on equity three times the industry average and cost-to-income ratios half the industry average.

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CLOUD INFRASTRUCTURE MANAGEMENT

Osterman Research Survey Finds 84% of Companies Have Only Rudimentary Capabilities for Securing Their Cloud Infrastructure

Ermetic | August 05, 2022

Ermetic, the cloud infrastructure security company, today released the findings of a research study conducted by Osterman Research on the cloud security maturity level of organizations in North America. The survey found that 84% of respondents were at an entry level (one or two) in terms of their cloud security capabilities and only 16% ranked at the top two levels. Meanwhile, 80% of companies reported they lack a dedicated security team responsible for protecting cloud resources from threats. The survey also revealed the top five priorities that all highly mature companies have in common when it comes to cloud security. Osterman Research surveyed 326 organizations in North America with 500 or more employees and who spend a minimum of $1 million or more each year on cloud infrastructure to establish an industry baseline against the Ermetic Cloud Security Model. The model was designed to provide organizations with a lightweight framework for determining their maturity level (1 - Ad Hoc, 2- Opportunistic, 3- Repeatable, 4- Automated & Integrated) across multiple domains, while allowing them to develop a specific, actionable roadmap for advancing their capabilities. “One of the most unexpected findings that emerged from this study was the lack of cloud security maturity among the largest enterprises surveyed, Less than 10% of companies with more than 10,000 employees reported being at the top two maturity levels, while nearly 20% of smaller enterprises have achieved repeatable or automated & integrated cloud security capabilities.” Michael Sampson, senior analyst for Osterman Research and author of the report Other Report Highlights Demonstrable ROI: 42% of companies investing more than 50 hours per week on cloud security are achieving the highest levels of maturity (Levels 3 and 4) Bigger not better: Only 7% of companies with more than 10,000 employees were at level three or four in terms of maturity, compared with 18% for companies with between 2,500 and 9,999 employees, and 24% for companies with 500 to 2,499 employees Overall, maturity is low: 84% of companies were at level one or two (41.5% Ad Hoc and 42.5% Opportunistic) and only 16% at level three or four (11.1% Repeatable and 4.9% Automated & Integrated) More clouds doesn’t equal more maturity: the percentage of companies that ranked at the highest levels of maturity (3 & 4) decreased with multicloud usage. For example, the number of organizations achieving Repeatable or Automated & Integrated security capabilities dropped nearly 50% when going from one (10%) to three (6%) cloud platforms Shared blindspot: 81% of organizations lack full visibility into all resources that are directly accessible from the Internet “This survey makes two things very clear. Without the right tools, spending lots of time and resources on cloud security will not necessarily make you more secure,” said Shai Morag, CEO of Ermetic. “And, by focusing on the right priorities you can achieve a very high level of security maturity regardless of your organization’s size.” Five Habits of Highly Mature Companies Organizations that reported focusing on the five following security priorities achieved the highest levels (3 or 4) of maturity: Detecting general cloud misconfigurations (e.g., unencrypted resources, MFA) Achieving the ability to track and investigate activities performed by human users and applications/service accounts across the cloud infrastructure Establishing Just-in-Time (JIT) access for developers / DevOps / Cloud operations teams to cloud infrastructure environments Evaluating and reporting on alignment with security best practices (e.g., AWS well-architected, CIS) and compliance standards (e.g., NIST, ISO, SOC2, PCI-DSS) Achieving least-privilege for identities in the cloud (both human identities and service accounts) About Ermetic Ermetic helps prevent breaches by reducing the attack surface of cloud infrastructure and enforcing least privilege at scale in the most complex environments. The Ermetic SaaS platform provides comprehensive cloud security for AWS, Azure and GCP that spans both cloud infrastructure entitlements management (CIEM) and cloud security posture management (CSPM). The company is led by proven technology entrepreneurs whose previous companies have been acquired by Microsoft, Palo Alto Networks and others. Ermetic has received funding from Accel, Forgepoint, Glilot Capital Partners, Norwest Venture Partners, Qumra and Target Global.

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