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Deutsche Bank Taking Dives Into ‘Big Data’
December 14, 2015 by admin
Filed under Around The Net
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Deutsche Bank is undertaking a major computer systems overhaul that will help it to make greater use of so-called “big data” to provide a detailed picture of how, when and where customers interact with it, the bank’s chief data officer said in an interview.
JP Rangaswami, who joined Deutsche Bank in January as its first-ever chief data officer, said better and cheaper metadata was allowing the bank to analyze previously inaccessible information.
“We are able to see patterns that we could not see beforehand, allowing us to gain insights we couldn’t gain before,” Rangaswami told Reuters in an interview.
Upgrading the technical infrastructure Deutsche Bank needs to get the most out of this data is a priority for Chief Executive John Cryan. He is trying to improve the performance of Germany’s biggest bank, which is struggling to adapt to the tougher climate for banks since the financial crisis.
Cryan, who unveiled a big overhaul at Deutsche on Oct. 29, said at the time that imposing standards on Deutsche’s IT infrastructure was key to improving controls and reducing overheads.
The CEO said in the October presentation that IT design had occurred in silos with the application of little or no common standards. “Our systems are disjointed, cumbersome and far too often just plain incompatible.”
An annual global survey of more than 200 senior bankers published last week by banking software firm Temenos found that “IT Modernization” was now top priority, displacing earlier investment objectives such as regulation and customer friendly mobile apps. IT modernization ranked only fourth among major priorities in the survey last year.
The shift toward technology as a priority shows the extent of the challenge facing banks to modernize infrastructure to analyze internal customer data and try to fend off competition from new financial technology companies.
Rangaswami, who was chief scientist at Silicon Valley marketing software giant Salesforce from 2010 until 2014, said the data would allow Deutsche to tailor services to customers’ needs and to identify bottlenecks and regional implications faster and solve problems more quickly.
Source- http://www.thegurureview.net/aroundnet-category/deutsche-bank-taking-a-deeper-dive-into-big-data.html
Microsoft, Google Cease Fire In Global Patent Deal
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Microsoft has been pursuing a more collaborative approach under CEO Satya Nadella, engaging longtime rivals like Salesforce, VMware and Apple. There hasn’t been much love between Microsoft and Google, but an announcement on Wednesday points towards an easing of those tensions.
Google and Microsoft have reached a broad agreement on patent matters, with a legal settlement ending some 20 lawsuits between the companies in the U.S. and Germany. Financial terms weren’t disclosed, but the deal brings a laundry list of lawsuits to a close.
“Microsoft and Google are pleased to announce an agreement on patent issues,” they said in a joint statement. “As part of the agreement, the companies will dismiss all pending patent infringement litigation between them, including cases related to Motorola Mobility.”
They also agreed to collaborate on patent matters and work together “to benefit our customers.”
The suits that have been settled include those related to mobile phones, video encoding and Wi-Fi technologies. That doesn’t mean Microsoft has given up its campaign to collect royalties from Android device makers for the mobile operating system’s alleged infringement of Microsoft patents.
It’s not clear from the statement what patent matters the companies will be working on together in the future, but changes have already begun. The two companies agreed earlier this month to work together (alongside other firms like Netflix and Mozilla) on a royalty-free video codec.
It remains to be seen if the settlement will lead to more work between Microsoft and Google in other areas. A major sticking point for consumers has been the lack of a Google-made YouTube app for smartphones and tablets running Windows.
Source-http://www.thegurureview.net/aroundnet-category/microsoft-google-cease-fire-in-global-patent-deal.html
Is HP’s Forthcoming Split A Good Idea?
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HP Has released its financial results for the third quarter and they make for somewhat grim reading.
The company has seen drops in key parts of the business and an overall drop in GAAP net revenue of eight percent year on year to $25.3bn, compared with $27.6bn in 2014.
The company failed to meet its projected net earnings per share, which it had put at $0.50-$0.52, with an actual figure of $0.47.
The figures reflect a time of deep uncertainty at the company as it moves ever closer to its demerger into HP and Hewlett Packard Enterprise. The latter began filing registration documents in July to assert its existence as a separate entity, while the boards of both companies were announced two weeks ago.
Dell CEO Michael Dell slammed the move in an exclusive interview with The INQUIRER, saying he would never do the same to his company.
The big boss at HP remained upbeat, despite the drop in dividend against expectations. “HP delivered results in the third quarter that reflect very strong performance in our Enterprise Group and substantial progress in turning around Enterprise Services,” said Meg Whitman, chairman, president and chief executive of HP.
“I am very pleased that we have continued to deliver the results we said we would, while remaining on track to execute one of the largest and most complex separations ever undertaken.”
To which we have to ask: “Which figures were you looking at, lady?”
Breaking down the figures by business unit, Personal Systems revenue was down 13 percent year on year, while notebook sales fell three percent and desktops 20 percent.
Printing was down nine percent, but with a 17.8 percent operating margin. HP has been looking at initiatives to create loyalty among print users such as ink subscriptions.
The Enterprise Group, soon to be spun off, was up two percent year on year, but Business Critical system revenue dropped by 21 percent, cancelled out by networking revenue which climbed 22 percent.
Enterprise Services revenue dropped 11 percent with a six percent margin, while software dropped six percent with a 20.6 percent margin. Software-as-a-service revenue dropped by four percent.
HP Financial Services was down six percent, despite a two percent decrease in net portfolio assets and a two percent decrease in financing volume.
Source- http://www.thegurureview.net/computing-category/is-hps-forthcoming-split-a-good-idea.html
Microsoft To Open Source Radio Code
Microsoft has begun to open source some more of its code, this time for the Microsoft Research Software Radio (Sora).
“We believe that a fully open source Sora will better support the research community for more scientific innovation,” said Kun Tan, a senior researcher on the Sora project team.
Sora was created to combat the problem of creating software radio that could keep up with the hardware developments going on around it.
The idea behind it is to run the radio off software on a multi-core PC running a basic operating system. In the example, it uses Windows. But then it would.
A PCIe radio control board is added to the machine with signals processed by the software for transmission and reception, while the RF front-end, with its own memory, interfaces with other devices.
The architecture also supports parallel processing by distributing processing pipelines to multiple cores exclusively for real-time SDR tasks.
Sora has already won a number of awards, and the Sora SDK and API were released in 2011 for academic users. More than 50 institutions now use it for research or courses.
As such, and in line with the groovy open Microsoft ethos, the software has now been completely open sourced, with customizable RF front-ends, customizable RCB with timing control and synchronization, processing accelerators and support for new communication models such as duplex radios.
The Sora source code is now up on GitHub. Use cases already in place include TV whitespace, large scale MIMO and distributed MIMO systems.
Microsoft has made a number of moves towards open sourcing itself over the past year. Most notably, The .NET Framework at the heart of most Windows programs was offered up to the newly created .NET Foundation.
It was announced yesterday that Google is releasing its Kubernetes code to the Linux Foundation to set up a standardized format for containerization.
Is Oracle Sliding?
Oracle said weak sales of its traditional database software licenses were made worse by a strong US dollar lowered the value of foreign revenue.
Shares of Oracle, often seen as a barometer for the technology sector, fell 6 percent to $42.15 in extended trading after the company’s earnings report on Wednesday.
Shares of Microsoft and Salesforce.com, two of Oracle’s closest rivals, were close to unchanged.
Daniel Ives, an analyst at FBR Capital Markets said that this announcement speaks to the headwinds Oracle is seeing in the field as their legacy database business is seeing slowing growth.
It also shows that while Cloud business has seen pockets of strength it is not doing as well as many thought,
Oracle, like other established tech companies, is looking to move its business to the cloud-computing model, essentially providing services remotely via data centres rather than selling installed software.
The 38-year-old company has had some success with the cloud model, but is not moving fast enough to make up for declines in its traditional software sales.
Oracle, along with German rival SAP has been losing market share in customer relationship management software in recent years to Salesforce.com, which only offers cloud-based services.
Because of lower software sales and the strong dollar, Oracle’s net income fell to $2.76 billion, or 62 cents per share, in the fourth quarter ended May 31, from $3.65 billion, or 80 cents per share, a year earlier.
Revenue fell 5.4 percent to $10.71 billion. Revenue rose 3 percent on a constant currency basis. Analysts had expected revenue of $10.92 billion, on average.
Sales from Oracle’s cloud-computing software and platform service, an area keenly watched by investors, rose 29 percent to $416 million.
Oracle Launches OpenStack Platform With Intel
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Oracle and Intel have teamed up for the first demonstration of carrier-grade network function virtualization (NFV), which will allow communication service providers to use a virtualized, software-defined model without degradation of service or reliability.
The Oracle-led project uses the Intel Open Network Platform (ONP) to create a robust service over NFV, using intelligent direction of software to create viable software-defined networking that replaces the clunky equipment still prevalent in even the most modern networks.
Barry Hill, Oracle’s global head of NFV, told The INQUIRER: “It gets us over one of those really big hurdles that the industry is desperately trying to overcome: ‘Why the heck have we been using this very tightly coupled hardware and software in the past if you can run the same thing on standard, generic, everyday hardware?’. The answer is, we’re not sure you can.
“What you’ve got to do is be smart about applying the right type and the right sort of capacity, which is different for each function in the chain that makes up a service.
“That’s about being intelligent with what you do, instead of making some broad statement about generic vanilla infrastructures plugged together. That’s just not going to work.”
Oracle’s answer is to use its Communications Network Service Orchestration Solution to control the OpenStack system and shrink and grow networks according to customer needs.
Use cases could be scaling out a carrier network for a rock festival, or transferring network priority to a disaster recovery site.
“Once you understand the extent of what we’ve actually done here, you start to realize just how big an announcement this is,” said Hill.
“On the fly, you’re suddenly able to make these custom network requirements instantly, just using off-the-shelf technology.”
The demonstration configuration optimizes the performance of an Intel Xeon E5-2600 v3 processor designed specifically for networking, and shows for the first time a software-defined solution which is comparable to the hardware-defined systems currently in use.
In other words, it can orchestrate services from the management and orchestration level right down to a single core of a single processor, and then hyperscale it using resource pools to mimic the specialized characteristics of a network appliance, such as a large memory page.
“It’s kind of like the effect that mobile had on fixed line networks back in the mid-nineties where the whole industry was disrupted by who was providing the technology, and what they were providing,” said Hill.
“Suddenly you went from 15-year business plans to five-year business plans. The impact of virtualization will have the same level of seismic change on the industry.”
Today’s announcement is fundamentally a proof-of-concept, but the technology that powers this kind of next-generation network is already evolving its way into networks.
Hill explained that carrier demand had led to the innovation. “The telecoms industry had a massive infrastructure that works at a very slow pace, at least in the past,” he said.
“However, this whole virtualization push has really been about the carriers, not the vendors, getting together and saying: ‘We need a different model’. So it’s actually quite advanced already.”
NFV appears to be the next gold rush area for enterprises, and other consortium are expected to make announcements about their own solutions within days.
The Oracle/Intel system is based around OpenStack, and the company is confident that it will be highly compatible with other systems.
The ‘Oracle Communications Network Service Orchestration Solution with Enhanced Platform Awareness using the Intel Open Network Platform’ – or OCNSOSWEPAUTIONP as we like to think of it – is currently on display at Oracle’s Industry Connect event in Washington DC.
The INQUIRER wonders whether there is any way the marketing department can come up with something a bit more catchy than OCNSOSWEPAUTIONP before it goes on open sale.
Juniper Networks Goes OpenStack
Juniper and Mirantis are getting close, with news that they are to form a cloud OpenStack alliance.
The two companies have signed an engineering partnership that the companies believe will lead to a reliable, scalable software-defined networking solution.
Mirantis OpenStack will now inter-operate with Juniper Contrail Networking, as well as OpenContrail, an open source software-defined networking system.
The two companies have published a reference architecture for deploying and managing Juniper Contrail Networking with Mirantis OpenStack to simplify deployment and reduce the need for third-party involvement.
Based on OpenStack Juno, Mirantis OpenStack 6.0 will be enhanced by a Fuel plugin in the second quarter that will make it even easier to deploy large-scale clouds in house.
However, Mirantis has emphasized that the arrival of Juniper to the fold is not a snub to the recently constructed integration with VMware.
Nick Chase of Mirantis explained, “…with this Juniper integration, Mirantis will support BOTH VMware vCenter Server and VMware NSX AND Juniper Networks Contrail Networking. That means that even if they’ve got VMware in their environment, they can choose to use NSX or Contrail for their networking components.
“Of course, all of that begs the question, when should you use Juniper, and when should you use VMware? Like all great engineering questions, the answer is ‘it depends’. How you choose is going to be heavily influenced by your individual situation, and what you’re trying to achieve.”
Juniper outlined its goals for the tie-up as:
– Reduce cost by enabling service providers and IT administrators to easily embrace SDN and OpenStack technologies in their environments
– Remove the complexity of integrating networking technologies in OpenStack virtual data centres and clouds
– Increase the effectiveness of their operations with fully integrated management for the OpenStack and SDN environments through Fuel and Juniper Networks® Contrail SDN Controller
The company is keen to emphasize that this is not meant to be a middle finger at VMware, but rather a demonstration of the freedom of choice offered by open source software. However, it serves as another demonstration of how even the FOSS market is growing increasingly proprietary and competitive.
Oracle And SAP Settle Piracy Dispute
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Oracle has won a limited victory in its long-running lawsuit with rival SAP.
The action was taken in reference to events dating back to 2007, which saw employees of SAP’s TomorrowNow unit accused of illegally downloading Oracle software.
German company TomorrowNow was bought by SAP as a means to undercut Oracle’s internal tech support rates, with the ambition of getting customers to migrate to SAP solutions, reports Reuters.
In 2006, TomorrowNow started the process of undermining its parent’s position, offering cut-price support to users of the Siebel database and CRM.
Oracle was originally awarded $1.3bn back in 2010, but this was adjusted downwards on multiple appeals.
SAP acknowledged that its employees had been in the wrong, but disputed the damages awarded. SAP offered a $306m payment in 2012, but did so more in hope than expectation given its admissions.
Earlier in the year, a federal judge gave Oracle the option to settle for $356.7m or force a retrial, and the company has now decided on the former with a further $2.5m in interest.
“We are thrilled about this landmark recovery and extremely gratified that our efforts to protect innovation and our shareholders’ interests are duly rewarded,” said Oracle’s general counsel Dorian Daley.
“This sends a strong message to those who would prefer to cheat than compete fairly and legally.”
SAP agreed: “We are also pleased that, overall, the courts hearing this case ultimately accepted SAP’s arguments to limit Oracle’s excessive damages claims and that Oracle has finally chosen to end this matter.”
SAP announced a partnership with IBM last month to bring its HANA service to enterprise cloud users.
HP’s Helion Goes Commercial
HP has announced general availability of its Helion OpenStack cloud platform and Helion Development Platform based on Cloud Foundry.
The Helion portfolio was announced by HP earlier this year, when the firm disclosed that it was backing the OpenStack project as the foundation piece for its cloud strategy.
At the time, HP issued the HP Helion OpenStack Community edition for pilot deployments, and promised a full commercial release to follow, along with a developer platform based on the Cloud Foundry code.
HP revealed today that the commercial release of HP Helion OpenStack is now available as a fully supported product for customers looking to build their own on-premise infrastructure-as-a-service cloud, along with the HP Helion Development platform-as-a-service designed to run on top of it.
“We’ve now gone GA [general availability] on our first full commercial OpenStack product and actually started shipping it a couple of weeks ago, so we’re now open for business and we already have a number of customers that are using it for proof of concept,” HP’s CloudSystem director for EMEA, Paul Morgan said.
Like other OpenStack vendors, HP is offering more than just the bare OpenStack code. Its distribution is underpinned by a hardened version of HP Linux, and is integrated with other HP infrastructure and management tools, Morgan said.
“We’ve put in a ton of HP value add, so there’s a common look and feel across the different management layers, and we are supporting other elements of our cloud infrastructure software today, things like HP OneView, things like our Cloud Service Automation in CloudSystem,” he added.
The commercial Helion build has also been updated to include Juno, the latest version of the OpenStack framework released last week.
Likewise, the HP Helion Development Platform takes the open source Cloud Foundry platform and integrates it with HP’s OpenStack release to provide an environment for developers to build and deploy cloud-based applications and services.
HP also announced an optimised reference model for building a scalable object storage platform based on its OpenStack release.
HP Helion Content Depot is essentially a blueprint to allow organisations or service providers to put together a highly available, secure storage solution using HP ProLiant servers and HP Networking hardware, with access to storage provided via the standard OpenStack Swift application programming interfaces.
Morgan said that the most interest in this solution is likely to come from service providers looking to offer a cloud-based storage service, although enterprise customers may also deploy it internally.
“It’s completely customisable, so you might start off with half a petabyte, with the need to scale to maybe 2PB per year, and it is a certified and fully tested solution that takes all of the guesswork out of setting up this type of service,” he said.
Content Depot joins the recently announced HP Helion Continuity Services as one of the growing number of solutions that the firm aims to offer around its Helion platform, he explained. These will include point solutions aimed at solving specific customer needs.
The firm also last month started up its HP Helion OpenStack Professional Services division to help customers with consulting and deployment services to implement an OpenStack-based private cloud.
Pricing for HP Helion OpenStack comes in at $1,200 per server with 9×5 support for one year. Pricing for 24×7 support will be $2,200 per server per year.
“We see that is very competitively priced compared with what else is already out there,” Morgan said.
Salesforce Goes Healthcare
Salesforce Inc, one of the first cloud-computing companies, is turning its focus towards healthcare with new software and services aimed at the largest hospitals.
Salesforce has announced a strategic alliance with Amsterdam-based medical technology company Philips, which it envisions as the first of many partnerships. These companies will announce two new medical applications later in the summer, called Philips eCareCoordinator and Philips eCare Companion.
The software is designed to improve health and cut costs. The apps are intended to be used by physicians to monitor chronically ill patients between doctor visits.
Salesforce said the goal is to make it easier for hospitals to collect and analyze data from medical devices, which patients with chronic conditions often use at home.
“In the United States, care providers are facing increasing demands and decreasing reimbursement,” said Michael Peachey, a senior director of solutions and product marketing at Salesforce.
“We want to improve efficiency for physicians by transmitting patient data in real time.”
Peachey said the Salesforce software meets security and privacy rules under the Health Insurance Portability and Accountability Act, known as HIPAA.
In the short term, Peachey said Salesforce intends to develop additional apps with other partners to help doctors and nurses monitor patients from the comfort of their homes.
“It’s an open platform,” he said.