The coronavirus outbreak is a talking point we can’t ignore. Covid-19 has impacted almost every market imaginable, and the technology industry is no exception. Events have been cancelled, operations halted and working lives changed.
The uncertainty caused by the virus has everyone questioning our safety and our economies. In the first of four Quarterly Webcast Series, you are invited to join your peers to discuss and debate the current state of the technology market and an action plan for a prosperous future.
Is the technology market safe from a global recession?
The devastating results from the spread of Covid-19 have led many economists to predict a global recession this year. Spending is expected to be hit with declines of 2% to 10% for computer equipment, consulting services and software. Cloud computing could also be impacted by the virus as a result of delayed implementation of projects.
But the need to be online will not go away. Demand for cloud services is on the rise, caused by lockdowns and the global move towards remote working and homeschooling. Various cloud service providers, including Amazon, Google, Microsoft and Alibaba Cloud are even providing free access to some of their products for organisations affected by the virus.
Are cloud services and data centers prepared?
With this increased traffic comes additional expectations and pressure on cloud services and data centers.
In recent days, some cloud services have gone down following an increase in usage caused by more companies enforcing work from home policies. Microsoft Teams, the collaboration platform experienced an outage lasting over two hours. While the video conferencing service Zoom also suffered delays in their service due to higher demand this week.
The need for these services is apparent when operators in data centers have been named as essential staff in the Philippines, UK and California, which begs the question whether infrastructures across Asia are prepared for the potential of more lockdowns and greater remote working.
Is your business safe from cyberattacks?
The threat of global cyberattacks is also rising, as online criminals take advantage of the fear and unrest caused by the coronavirus outbreak. This week, news spread that the World Health Organisation was the target of elite hackers DarkHotel whose operations were traced to East Asia.
This cyberattack comes after a warning from the WHO of criminals disguising themselves as officials to steal money or sensitive information.
Join the conversation with the Technology Market Power Talk webcast
In these unprecedented times, this is an opportunity to pull together and find solutions to the challenges we are facing. Connect with your peers online for one hour of in-depth, social distancing-friendly conversation tackling the pressing issues affecting the technology market and our post-coronavirus future.
Agenda - 30th April 2020
|1100||Chairman Welcome Address|
|1105||[Business + Tech] The Impacts from Predicted Global Recession in 2020, COVID-19 and Lockdowns
|1130||[Investment] Current Valuation vs Outlook: Tech and DC Investments
More About OCP
- Since 2016 OCP vanity free open source hardware has been adopted by the worlds Telecommunications Service Providers to Cloudify their infrastructure for supporting tomorrow’s technologies of 5G, IoT and Smart Cities. This transformation to open source technologies has produced 70% CAPEX reductions and more than 50% OPEX reductions.
- OCP servers also use 50% less energy than traditional proprietary enterprise servers and Steve will highlight how companies are aligning energy efficiency targets with their use of open source hardware. Furthermore, the drivers of adoption of OCP are growing more diverse – cost reduction and power efficiency are still the biggest reasons why, but the market is now realizing that feature flexibility and conformance to those specifications approved by OCP provide a measure of “comfort” to the market.