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Wednesday, 12 December 2012

Cloud Computing the ‘Future of the Future




At the National ICT Business & Innovation Symposium recently, Jeremy Geelan, president of 21st Century Internet Group Inc concluded his keynote address by saying, “Cloud computing allows you to create and if you can create, you can be what’s next.” 


 
The lecture, entitled The New Cloud Enabled World, aimed to illustrate the many benefits of cloud computing. Geelan, who is also the conference chair of the International Cloud Computing Conference & Expo, refers to himself as a “domain expert on the future of the future” ie The Cloud. 
 
Cloud computing is the practice of using a network of remote servers hosted on the Internet to store, manage and process data rather than a local server or a personal computer.
 
When he rhetorically asked the audience, “Why move to cloud?” his answers included these reasons: unlimited processing and storage, elasticity, maximised revenue, reduced cost, expedited time and the ability to do more projects. 
 
To support his claims, Geelan provided some statistics on Internet usage. According to Geelan, in the early days of the Internet during the 1990s, there were approximately ten million users. Now, the Internet has more than one billion users, he said. This growth is also visible by looking at Web sites: a little over a decade ago there were one million Web sites—a number which has now leaped to 100 million. The number of Internet connected devices now stands at five billion and
 
Geelan believes that estimate is conservative. As further evidence, Geelan pointed out that the file-hosting site Dropbox, founded only in 2007, had 100 million users with one billion files saved every two hours. 

 
One of the possibilities Geelan posed to the audience was the problem solving power of using cloud: “If every car in T&T had an IP address it might be very easy to figure out why traffic is such a problem,” he suggested.
 
The cloud-enabled concept car, Evos, revealed by US motor company Ford earlier this year can track driver preferences, work schedules, music and weather information and it also allows for coal data to be shared through vehicle-to-vehicle communication. 
 
While Geelan offered examples of many businesses and organisations that were 100 per cent cloud operated such as Amazon, Coca Cola, Maersk and even the US Central Intelligence Agency, Guardian technology columnist Mark
Lyndersay believes the road to full cloud dependency is still far reaching, particularly in T&T. “Now that enterprise is looking into the cloud model for more everyday tasks, there are a number of issues that are coming to the forefront. Data security, broadband accessibility and reliability, and depth of Internet penetration become critical factors in doing business this way, which is quite a conceptual jump from individuals making use of services on the web,” he said via e-mail. 
 
“There’s a huge conceptual jump between having a Facebook page and running your business off a cloud based service and that’s where the evangelising of cloud computing solutions has become critical.” 
 
Apart from security risks, Lyndersay also pointed out that cloud computing was not exactly a new phenomenon. “The real challenge that cloud computing proponents face is that they aren’t really introducing a new product. The concept of cloud computing has been growing around us for several years now, long before it was formalised as a name and a decade’s worth of young people and reasonably experienced web users have come to expect data held on servers on the Internet as part of the overall computing experience.” 
 
Geelan proffered that cloud computing was an example of the “democratisation of IT” making access to services, learning and even funding easier, particularly for those living in T&T’s rural areas. He said T&T may be ahead of the curve because business technology is now becoming social technology and the high saturation of smart phones in T&T could be the turning point. 
 
However, Lyndersay was not convinced that the proliferation of smart phones and other mobile Internet connected devices was a sure sign of progress. “I’m not sure that it’s true to describe T&T as being ahead of many countries in the saturation of smart phones. Such devices only get their intelligence with a broadband connection and that’s still quite far from reaching saturation point,” he said.
 
Cloud Computing
Cloud computing is the practice of using a network of remote servers hosted on the Internet to store, manage and process data rather than a local server or a personal computer. The name comes from the use of a cloud shaped symbol used to represent the complex infrastructure it contains in system diagrams. Cloud computing entrusts remote services with a user’s data, software and computation. Consumers access cloud based applications through a Web browser or a light-weight desktop or mobile application while the business software and user’s data are stored on servers at a remote location. Cloud computing relies on sharing of resources to achieve coherence and economies of scale similar to a utility, like electricity, over a network.







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Monday, 10 December 2012

To survive in Global Aviation Recession Air France-KLM to 4,500 Job Cuts




Air France Cuts Spending by $645 Million to Reduce Debt


Air France-KLM Group (AF) plans to cut capital spending by a further 500 million euros ($645 million) over the next two years as Europe’s biggest airline trims investments in a push to pare debt and lift profit margins.

The outlay will be reduced by 300 million euros next year and 200 million euros in 2014, the Paris-based company said today in a statement, adding that operating profit should reach a level equivalent to 6 to 8 percent of sales in 2015.

Enlarge image 

Air France aircraft, part of the Air France-KLM Group, are seen on the tarmac at Roissy Charles de Gaulle airport in Paris. Photographer: 


Air France-KLM’s Transform 2015 plan is seeking to shave 10 percent from non-fuel costs and cut net debt by 2 billion euros. The capital-spending curbs, which may crimp jet purchases, will pare investment next year to 1.2 billion euros, including a 200- million euro reduction to the initial target announced in July.

“This is a necessary reduction, but given the group’s younger fleet age versus competitors they have the flexibility to do it,” said analyst Donal O’Neill at Goodbody Stockbrokers in Dublin, who has a “buy” rating on the stock. “The Transform plan is gathering pace and should be well on track to deliver.”

Employee Exits

Employee expenses will be reduced by 400 million euros by 2014, aided by 735 departures already secured, and the medium- haul business should break even that year as the fleet is reduced by 34 aircraft, Air France-KLM said prior to an investor briefing at Paris’s Charles de Gaulle airport today.
Chief Executive Officer Jean-Cyril Spinetta said in June he would eliminate more than 5,000 jobs at the main French unit to deliver savings he reckons are needed to guarantee survival.

The cut in capital spending is being driven by a “headwind” of high fuel costs, “but does show the group’s determination to deliver on targets,” said Stephen Furlong, an analyst at Davy Holdings in Dublin who rates the stock “underperform.”

Air France-KLM expects a 500 million-euro annual operating loss from French medium-haul flights alone, spokeswoman Brigitte Barrand said, reiterating comments at the investor event, which was closed to reporters. That’s unchanged from a year earlier.

Shares of Air France-KLM, which is folding the Brit Air, Regional and Airlinair units that connect smaller cities into a single business, traded 0.9 percent lower at 7.05 euros as of 4:20 p.m. in the French capital. They’ve gained 77 percent so far this year, valuing the company at 2.12 billion euros.
Lufthansa, IAG

Rival carriers are also seeking to slash costs. Deutsche Lufthansa AG (LHA), Europe’s second-biggest, plans to save 1.5 billion euros by 2015 through its Score plan, which in addition to 4,500 job cuts includes the folding of short-haul operations outside Frankfurt and Munich into the Germanwings low-cost unit.

The Cologne-based company has also scrapped routes, frozen capacity and delayed an upgrade of the inter-continental fleet.
At European No. 3 International Consolidated Airlines Group SA (IAG), the British Airways unit is seeking voluntary departures among 2,338 senior cabin crew at London’s Heathrow airport and Spanish division Iberia plans 4,500 job cuts, prompting unions to call a six-day strike in the run up to Christmas.
Air France-KLM’s capital-spending cuts will see investment in 2014 fall to 1.4 billion euros, reversing an increase for that year announced on July 30, when the carrier had said it was reining in the outlay for this year and 2013. Expenditure totaled 2.1 billion euros in 2011.

Adopting new accounting standards for pensions will have a 1.1 billion-euro negative impact on opening equity next year, though there’ll be no cash impact, the carrier said today.

Air France-KLM had an 895 million-euro loss in the second- quarter, versus 197 million euros a year earlier, as it posted charges of 368 million euros for payments linked to job cuts.






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