Published every Thursday, The Blue Print recaps the industry’s most intriguing news, unexpected shifts and developing trends that are defining the business and technology landscape.
CNBC: Apple becomes first U.S. company to reach a $2 trillion market cap
Apple hit a market cap of $2 trillion Wednesday, doubling in valuation in just over two years to become the first publicly traded U.S. company to reach the milestone. Apple first reached a $1 trillion market cap on Aug. 2, 2018. Wall Street has largely expected the iPhone maker to become the first to surpass $2 trillion. On July 31, Apple passed the state oil giant Saudi Aramco to become the world’s most valuable publicly traded company.
Why It Matters: Apple shares have risen more than 120 percent in the past year including in its most recent quarter including double digit growth in products and services through online sales despite many stores shuttering due to the pandemic. There remain questions about the upcoming quarter as details are emerging about iPhone 12 delays and continued turbulence in the U.S. relationship with China, which is an important market for the company.
Tags: Apple, market cap, wall street
Gartner Press Release: Gartner Identifies Five Emerging Trends That Will Drive Technology Innovation for the Next Decade
The 30 must-watch technologies on the Gartner Inc. Hype Cycle for Emerging Technologies, 2020 include technologies that enable a composable enterprise, aspire to regain society’s trust in technology, and alter the state of your brain. Social distancing technologies, composable enterprise, AI-assisted design, differential privacy and biodegradable sensors among key technologies to watch.
Why It Matters: This year’s hype cycle includes social distancing technologies. For the enterprise, technologies that accelerate business scale and velocity, including security and AI are still hot.
Tags: Gartner, hype cycle, technology
SDXCentral: Amazon Dominates Google, Microsoft in Developer Usage
Amazon Web Services (AWS) continues to wield a significant usage advantage by the software developer community over rivals Microsoft Azure and Google Cloud Platform (GCP) though that advantage is starting to wane. That angle is provided by a survey of more than 17,000 software developers put together by SlashData and released by the Cloud Native Computing Foundation (CNCF). The survey found that AWS was the most used public cloud foundation with 62% of cloud native and 45% of non-cloud native developers stating their primary use of AWS.
Why It Matters: AWS leads in usage by developers with many leaning on container-as-a-service, including some that do not realize they are using K8. This shows how powerfully Kubernetes is shaping the cloud-native market, even if the platform often flies under the radar.
Tags: Amazon, Google, Microsoft, DevOps, CaaS
Light Reading: Leading Lights 2020 Finalists: Most Innovative 5G Technology
It’s no secret that 5G represents the pinnacle of cellular technology today. If you ask industry skeptics, 5G will be slightly faster and probably no more profitable than 4G. But for those sold on the technology’s opportunity, 5G will connect all manner of things, enabling what some argue will be the “fourth industrial revolution.” Either way, 5G includes some truly impressive technological innovations, from the arcane to the head-spinning. Thus, here are the eight companies that have been shortlisted for Light Reading’s “Most Innovative 5G Technology” for their efforts in this area: Altiostar Networks, Arrcus, Enea, Etiya, Kaloom, Mavenir, Wind River, ZTE. Arrcus: Whereas 4G very much runs on standard telecom hardware, 5G is designed to take wireless into the webscale world by supporting network elements running in cloud architecture. It’s essentially a network inside a datacenter, and it promises to seriously upend legacy telecom networks. Into this trend steps Arrcus with its ArcOS, which it boasts of using modern architectural networking tenets to offer simple, scalable, secure and seamless carrier-grade networking.
Why It Matters: It’s no secret service providers have been gearing up for 5G offerings with speeds that are 100x faster and deliver significantly more capacity. Enterprises are also gearing up to establish private 5G connections. Vendors including Arrcus (disclosure: 280blue client) are helping companies move forward in their digital transformation journey with networking software as data volumes and IT complexity continues to soar. Arrcus was also named a finalist for the Light Reading Leading Lights Award for private company of the year. Winners will be announced on August 21st.
Tags: 5G, Altiostar Networks, Arrcus, Enea, Etiya, Kaloom, Mavenir, Wind River, ZTE
SiliconAngle: Cloud computing market remains strong, but it’s not immune to COVID-19
Cloud computing is generally seen as a bright spot in tech spending, but the sector is not immune from the effects of COVID-19. It’s better to be cloud than not cloud, no question, but recent survey data shows that the V-shaped recovery in the stock market looks much more like a square root sign for information technology spending in 2020. And even the cloud will be hurt, albeit much less so than many other sectors. The reality is that the latest ETR survey of nearly 1,200 respondents shows that the vast majority of companies are hitting IT budgets. Notably: 59% of respondents have frozen hiring. That’s up from 26% in the last survey taken in March April; 24% have laid off employees, up from 4%; 41% froze new IT deployments – nearly double the percentage from the last survey; On the plus side, there are some shops – 23% – accelerating IT deployments and that’s up significantly from last quarter.
Why It Matters: While hiring and budget freezes are increasing (and a small increase in layoffs), 23 percent of organizations surveyed are still accelerating IT deployments. Much of that is coming from video conferencing, security and hybrid/multi-cloud but it’s now coming with much more scrutiny. Some of the projects on hold and related spending are due to jobs that can’t be completed remotely.
Tags: Wikibon CUBE Insights, Enterprise Technology Research, cloud computing, COVID-19
ZDNet: Japan aims to send flying cars into Tokyo skies in only three years
The Japanese government hopes to see flying cars in the skies above the country’s major cities in only three years. The vertical take-off and landing (VTOL) industry, with a particular focus on renewable, electric power systems, is of interest to many vendors in the transport space. Japan-based SkyDrive has developed a two-seater eVTOL vehicle currently at the testing stage, but is far from the only company exploring means to send our cars into the skies. Uber, Boeing, Airbus, AeroMobil, and other vendors are all exploring the VTOL space — hoping to create a commercially-viable and safe craft first to jump ahead of competitors.
Why It Matters: While we are still waiting for broad availability of self-driving cars, a company in Japan believes it will deliver flying taxis in less than three years to help alleviate traffic congestion in densely populated areas. It’s already caught the attention of companies like Uber and Boeing. Orbit City anyone? Yes, that was a Jetsons reference.
Tags: VTOL, SkyDrive, Uber, Boeing, Airbus
Dark Reading: Reported Breach Count for H1 2020 Lowest in Five Years
For all the concern over heightened cyberthreat activity related to the COVID-19 pandemic, the number of data breaches publicly disclosed in the first half of this year was the lowest since 2014. New research by Risk Based Security uncovered a total of 2,037 publicly reported breaches through June 30th. This marked a decline of 52% compared to the 4,298 breaches in the first six months of 2019, and a 19% drop from the 2,519 reported incidents during the same period in 2018. For enterprise organizations, the main takeaway from this data is to remain as vigilant as ever, Goddijn says. It’s unlikely that breach activity really declined significantly last quarter; the likelihood is greater that fewer were disclosed.
It’s worth noting that while the number of reported breaches was lower, the severity of incidents increased in the first half of 2020 compared to the same period last year. More records were exposed in data breaches during the first six months of this year — 27 billion — than in any other period researchers analyzed.
Why It Matters: While incident reporting may be down in the first half of the year there were 33 incidents with more than 10 million records exposed, which demonstrates how attacks are becoming targeted; however, in most cases it could have been prevented as misconfiguration is noted as the top cause for data breaches.
Tags: Cybersecurity, data breaches, Jai Vijayan
TheHill: Amazon adding corporate jobs in six cities
Amazon plans to add thousands of corporate jobs across six cities, including 2,000 in a building on New York’s Fifth Avenue that was once the flagship Lord & Taylor store. The company will add 3,500 jobs in New York, Phoenix, San Diego, Denver, Detroit and Dallas, The Wall Street Journal reported Tuesday. The new hires indicate the online retail giant is planning a return to in-person office work even as other tech firms, such as Facebook and Twitter, announce long-term remote work strategies due to the coronavirus pandemic. Amazon directed employees to begin working from home in March, before numerous other major employers.
Why It Matters: While many brands are considering long-term work from home policies, Amazon is investing heavily in corporate jobs namely related to AWS and its online grocery delivery business Amazon Fresh. The biggest footprint expansion will happen in New York City and jobs will be filled over the next two years on the heels of its record $88.9 billion quarter.
Tags: Amazon, AWS, Amazon Fresh, Ardine Williams