Categories
Co-location

Beyond work from home: Why ‘digital nomads’ think they’re the future of remote life – CNBC

The Tulum, Mexico, location of Outsite, a co-living and co-working start-up that has become popular with digital nomads, and is betting that work-life balance will become work-tourism-life balance amid the massive shift to remote work caused by Covid-19.

Outsite

With much of the professionalworld shifting to remote work and widespread acceptance of the concept among previously skeptical corporate management, the traditional idea of work-life balance is being pushed in new directions, including a concept of remote work-life-tourism never before imagined.

Drew Sing, a fully remote growth product manager at a technology start-up, has been living and working from Lisbon, Portugal, since the beginning of March, after a few months in London. He had planned to fly back to the U.S. in May, and had even booked three flights back, each with a 24-cancellation policy, but when he looked at the Covid-19 trends in the U.S. versus Europe, "each day I spent here I said, 'I think I will stay.' I think this is a safe placeto stay during these unprecedented times.'"

Sing is not new to the digital nomad lifestyle. He left the Bay Area in 2018 to live a remote life, and bought a home outside Seattle which he rents out, but where he maintains a basement apartment for himself and a sleeper van in which he can travel within North America and work remotely when he is there.

"I realized that I could work from co-working spaces, and live the nomadic lifestyle," said Sing, who just published a book on how to work a remote job from anywhere, titled, "Work From Abroad."

"There are lots of books on traveling and exploring the world on a budget, but not on continuing a career and being a productive employee while living from anywhere," he said.

Despite international travel limitations, Emmanuel Guisset's start-up Outsite which offers professionals co-living and co-working spaces around the world in locations including Hawaii, Mexico, Portugal, Bali and the U.S. West Coast is betting that what is called the "digital nomad" lifestyle is bound for mass adoption in a post-Covid-19 world.

"Before the pandemic, we were fitting a niche of people ... nomads, freelancers, tech workers. Because they can work remotely, they choose to live a different lifestyle," said Guisset, who is founder and CEO of Outsite. But now his business is discovering more individuals looking for a long-term stay.

Opportunities to work remotely from anywhere in the world are currently limited. Within the U.S., cities and states have banned short stays in vacation rentals, including in Tahoe and Hawaii, areas where Outsite has locations. In many European and other international destinations, a U.S. passport has transitioned from long-time advantage to handicap. And there are many mandatory quarantines around the world once a traveler arrives at a destination.

Outsite's Bali location is closed because there is no local tourism for it, and its Costa Rica location has only a few locals from the capital city of San Jose, as well as American ex-pats. But the European locations, especially the coastal ones (Ericeira and Biarritz), "are full with Europeans and a couple American ex-pats," Guisset said.

Some countries are encouraging foreigners, including Americans, to come on special visas to spur their local economies, such as Barbados, Estonia and the the country of Georgia. And people already are traveling within the pandemic limitations wherever possible, Guisset said. The quarantines, in fact, are leading to longer stays. "Travelling now is much more difficult so people want to stay longer to make it worthwhile," he said.

Outsite is seeing professionals breaking leases in U.S. locations, spurring demand for longer stays in outdoor-oriented and beach locations like Tahoe, Santa Cruz and San Diego. "They want to live in cheaper, smaller cities, closer to the nature," he said.

Digital nomad Sing's basic points of advice: workers need to start with an understanding of their job and hours and time zones. Working North American hours has meant Sing never considered Asia. "I've done the math on when I would have to work and it would be difficult," he said.

When thinking about working from abroad as a North American professional, certain continents and areas make more sense: South America, Central America and Western Europe.

"Newly remote professionals still need to abide by hours, which is fine, but it is not hard to work from 1pm -9pm or 2pm-10pm in Europe. You're free when people are at dinner, or you can go to a cafe in the morning, and that can be a beautiful lifestyle," Sing said.And for remote professionals who are not on a specific company clock, "it opens up everywhere."

Sing uses Airbnbs for living, but as a self-described "solo remote professional," he also pays for an Outsite membership, so he can work in a collaborative environment. "It can get lonely so community is important," he said.The Outsite location he uses in Lisbon is "not packed," but it is occupied by five to seven people a day.

Right now, younger professionals who travel for nightlife and bars are not going to be able to have the experiences they want, "but if you enjoy a nice meal and glass of wine and don't need to have a bustling life, it's great," Sing said of his Lisbon experience."It is a little quiet, but when you talk to the locals, they talk about how it is pleasant."

The slower, more restricted life of Covid-19 that he has experienced in Lisbon brought Sing to a realization about a better work-tourism life balance. "When you are working, not just vacationing, it almost makes it easier to be more mundane in terms of routine," he said.

"I feel safe and productive and I have friends here now. ... The next narrative will be you can work from not just somewhere cheaper than the Bay Area in the U.S., but the next wave is outside the US," Sing said.

Erik Dyson, CEO of the disaster relief nonprofit All Hands and Hearts, runs a lean operation and his staff were already 85% to 90% remote before Covid-19. "It never made any sense to say, 'You're an amazing chief marketing officer but you have to move to Massachusetts, where we have our headquarters'. It made no sense to compel people to congregate in one place," Dyson said.

As an NGO, All Hands and Hearts also can't offer the same money as corporations, even if it can attract a demographic of young workers from similarly desired backgrounds and mindsets. That led Dyson to look for ways to use quality of life as a way to make up for the nonprofit's inability to compete on compensation.

"We made an early decision to embrace, as a recruiting strategy, that you can live wherever you want to live, and you will make less money, but we are mission-driven," he said.

Almost all of its team is very young, less than 30 years-old.

Think about all-remote workers. The idea of home is great, but you still need opportunities for human interaction and ways to experience the world, whether Dubuque, Iowa or Costa Rica.

Erik Dyson

All Hands and Hearts CEO

But Dyson discovered that remote work doesn't always even come close to working the way it should. When All Hands and Hearts brought about half of its 200 staffers to a meeting in Puerto Ricoa few years ago, many revealed feelings of isolation and loneliness working from home. "It sounds great, but they missed the informal conversations. ... wake up, I'm in an apartment, go to computer and work all day, teleconferencing, but don't ever talk to people or see people," Dyson said. "One of the big things I heard was, 'I miss human contact with co-workers.'"

He was struck by the digital merger of the Airbnb and WeWork models when he learned about the Outsite approach it is not the only business model of the type, with another called Selina also making a bid for young remote workers and All Hands and Hearts decided to buy memberships for all of its non-program staff, any staff not working at disaster sites.

"We said, 'if you miss human contact, go live in Portugal for a month, and the monthly burn is not much more than having an apartment, so go when your lease is up," Dyson said. "If I can help people extend tenure with us, it was worth the money. If I can move someone from two years tenure to three years, that is a huge uplift, but it's unrealistic to think they'll do this job for seven years," he said. "People sacrifice, including on salary."

"Outsite is not cheap," said, digital nomad Sing who described it as a "luxurious hostel" given its cohabitation and coworking design. "It's geared to a professional crowd that can afford it,not, if you will,the backpacker crowd."

Outsite provided All Hands and Hearts with a 50% discount on memberships, which ended up costing All Hands and Hearts roughly $10,000, "real money to us," Dyson said. But he said the cost, even to a tightly budgeted charity organization, pays for itself when the work benefit leads an employee to stay longer.

An Outsite membership is $149 annually, or $249 for a lifetime. Members can then access any location, with local pricesvarying from $50 nightly (Portugal) up to $120 (San Francisco). Members receive discounts when they book a week, or a month, and in off-season or last-minute periods.Members also gain access to an online community, and as many are not travelling right now, 70% are using Outsite for the professional networkingaspect, Guisset said, seeking knowledge from communities and travelers around the world about their current situation.

"We want to encourage longer stays and slower travel," Guisset said.

Some of the more exotic locales, such as Hawaii, are still out of reach for many All Hands and Hearts workers, even with a membership. So last Christmas, All Hands and Hearts gave a $300 credit with Outsite to employees for a week in Hawaii or a month in Portugal. "We don't give bonuses," Dyson said.

Unfortunately, that program rolled out around February, "and then Covid hit," Dyson said. "They have the credit sitting there and can't travel, but I think it will come back. ... They will go live there and check out places, and if you as an employer can enable me with Outsite or flights or work hours changing, I see that as a huge benefit and I know our people are appreciative."

Dyson said as a CEO how has managed a mostly remote staff for years, he has a warning for companies swiftly transitioning to a work-from-home paradigm: not all employees know how to work remote, or work well remotely. He dismissed concerns that employees are more likely to waste time at home,and said the nonprofit's experience offering unlimited paid time off showed that it is never the policy, but the person, that ultimately dictates success. "We never had a problem, not a single person had to be let go because of unlimited PTO," he said.

But measurements compiled by All Hands and Hearts of employee workload indicate that not all workers are created equal when it comes to their ability to be productive in a remote environment.

"Some people can't work remote," Dyson said. "I think the big challenge is not a metric measuring the productivity of all people doing it, but finding those who can. ... I spent 20 years living the corporate life and I was always traveling and I am going crazy now, six months at home. I am hearing from my team every day, everyone going stir crazy, they like to travel and are just pinned down, and European folks already started to travel because they can. ... Think about all-remote workers. The idea of home is great, but you still need opportunities for human interaction and ways to experience the world, whether Dubuque, Iowa or Costa Rica."

The nonprofit is already seeing that desire to travel in the volunteer staff of 8,000 to 10,000 workers itbrings in from around the world to rebuild schools in places like Nepal and the Bahamas. Earlier this summer, All Hands and Hearts opened bookings for a mid-Sept. volunteer opportunity in the Bahamas and it filled all the open spots for the first four months of work in a few days.

"There is a huge desire among the younger demographic," Dyson said. "Everyone's life has been upended, college students leaving school, taking a gap year, and people who left jobs. People being given flexibility they never had before."

I would like to return back to the U.S. to see friends and family, but it could be closed until 2021 or longer. ... It is almost as if when I go back to the U.S., I'm kind of trapped essentially, and that's why I'm taking the liberty ... if I have all my needs met, why not stay?

Drew Sing

solo remote professional

Whether workers like Drew Sing and employers like All Hands and Hearts will cede being the exception and become the rule in the world of work is impossible to predict like many features of a post-Covid world. But the way people outside of the existing digital nomad lifestyle are thinking about their own future is changing.

Dan Wasiolek, a senior equity analyst at financial research firm Morningstar who covers the lodging and travel sector, said when he read the recent headlines about J.P. Morgan and Fordgoing to hybrid work models, it hit him as being "meaningful" for an analyst who covers hotel companies reliant on properties in urban centers. But it also struck him personally, as a worker.

"As an analyst, I don't feel like I need to be in an office to be productive, and that's something I can measure and show it to be the case. I think there will be lots of people like me, and I wouldn't be surprised if I'm 50% in the office permanently. And it does allow me to say, 'OK, if I want to be in San Diego for the next five days with my family and work that Wednesday and Friday from there, and have a long weekend, it will be easier," Wasiolek said. "There is going to be an incremental portion of workers that will be in some sort of nomad life, not work six months from anywhere, but longer weekends, or a week here and there. That seems reasonable and realistic."

Outsite closed a post-seed round of funding during the Covid crisis, but the company declined to disclose details, and it is currently raising a real estate fund to buy distressed hospitality properties in areas it thinks will be popular post-Covid. Guisset said a lot of hospitality property managers were hoping for a good summer and lacking a sharp turnaround, will be more likely to sell properties as the season turns back to what would be dependent on business travel as vacations end.

"Business travel is in shambles and will never be the same. Some destinations and hotels will have to adapt to a new kind of tourism where people travel less frequently but stay longer," the Outsite CEO said. "When the real estate market was really high and hotels were doing really well, it was really hard to find those properties. Now it's much easier. We've already seen a lot of properties going to the market at discounted rates."

"The tables are turned," said Sing. "It's odd. No one can leave the U.S., but I've been given freedom to be able to maybe go back home, or go to another country."

Sing said he would consider going to Mexico, still open to Americans, or the U.K. or Ireland, because they are not EU countries tied to the Schengen Agreement on borders and travel.Americans can still fly to Mexico, and in addition to its existing Tulum location, Outside is about to open one in Cabo.

"I did not think I would be away this long," he said. But as it has become more difficult to just hop from place to place, "this remote working lifestyle is almost more enjoyable," Sing said.

As for an eventual return to the U.S. from Lisbon, or another international location, Sing still owns his place in Seattle that he can go back to, but due to the circumstances, he says he ishappy with his decision to be in Lisbon. "But I'm a remote pro, with a home base. It's unique, kind of new. ... I had to come to terms with a whole new world in March... I had to come to terms with being here for a long period of time. I would like to return back to the U.S. to see friends and family, but it could be closed until 2021 or longer. ... it is almost as if when I go back to the U.S., I'm kind of trapped essentially, and that's why I'm taking the liberty ... if I have all my needs met, why not stay?"

Visit link:

Beyond work from home: Why 'digital nomads' think they're the future of remote life - CNBC

Categories
Cloud Hosting

Qovery lets you deploy your application without managing your cloud infrastructure – TechCrunch

Remember how Heroku was a big breakthrough when it was first released? Qovery wants to do it again by building an abstraction layer between your code and your cloud infrastructure. You push code in a git repository and Qovery manages your services for you.

Its a container-as-a-service platform for developers. Like on Heroku, you just have to put a .qovery.yml file to describe the dependencies you need, co-founder and CEO Romaric Philogne told me.

Essentially, Qovery sits in-between your git repository and your cloud infrastructure account the company doesnt take care of cloud hosting itself. You can connect your Qovery account with your GitHub, GitLab or Bitbucket account so that it automatically gets triggered when you push new code.

After that, Qovery automatically spins up new servers, managed databases and brokers (Kafka, RabbitMQ) for you. There are some ways to automate your deployment already with Terraform and continuous integration/continuous delivery software. But Qovery makes it easy to get started.

More importantly, Qovery is building integrations with multiple cloud providers. It already works with Amazon Web Services and the team is currently working on DigitalOcean and Scaleway support. Next up, Google Cloud and Microsoft Azure are on the road map.

Interestingly, you can design your own infrastructure for each branch. For instance, if you have a development branch to try out new features or a staging branch, you can spin up new servers for this branch without having to recreate your production environment from the start.

And thats arguably Qoverys most important feature. According to the startup, cloud hosting will become commoditized. Each provider will provide managed databases, message brokers, etc. It comes down to reliability, pricing and support level. You can imagine having a production application on AWS and a development branch running on another cloud provider.

Behind the scene, Qovery relies heavily on Terraform and Kubernetes, with an additional layer on top of them. When you compare it with Herokus monolithic philosophy, it scales more efficiently, as it has been designed around micro-services from the ground up.

Qovery costs $15 per application per month. Many companies have dozens of applications running at the same time to handle different parts of a service. So if you switch everything over to Qovery, youll pay $15 for each application.

If you already have a CI tool that works with your development team, you can use it instead of Qoverys built-in CI service. And theres no lock-in effect you can stop using it if you now have your own DevOps team.

The company has raised $1 million from Techstars and a long list of business angels.

Image Credits: Qovery

Continue reading here:

Qovery lets you deploy your application without managing your cloud infrastructure - TechCrunch

Categories
Cloud Hosting

Computer Guidance Corporation Announces Rapid Growth in Cloud Hosting in FY2020 – PR Web

eCMS Cloud Construction ERP

SCOTTSDALE, Ariz. (PRWEB) September 08, 2020

Computer Guidance Corporation Announces Rapid Growth in Cloud Hosting in FY2020Cloud-Based Construction Software Developer & Provider Achieves Massive 200% YOY Growth andExponential Increase in Hosted eCMS Users and Deployments

Computer Guidance Corporation, the leading developer of cloud-based ERP solutions for the construction industry, announced today significant year-over-year growth of its Cloud Hosting services.

CGCs Cloud Hosting services have grown a minimum of 20% annually since inception and experienced a 200% rate of growth year over year for Fiscal Year 2020. CGCs continuous infrastructure investment averages $1-$2 million annually, resulting in 99.99% uptime and reliability.

Key factors in powering the companys growth have been attributed to its eCMS Cloud Construction ERP softwares Web-based technology platform which allows users to access integrated business-critical data and execute streamlined workflows anytime, anywhere on any device through secure Internet access. In addition, CGCs Professional Services, Technical Services, and Application Support teams have been praised for their successful management of implementations from start to finish, including project planning, customization, data migration, training, and aftercare, with the highest level of industry experience and technological expertise.

Our growth is a testament to our innovative products, customer-focused support and services teams, and our incredible customers and partners, said Michael Bihlmeier, President, Computer Guidance Corporation. As we grow with our clients, our teams work hard every day to preserve the trust placed in us and in our products and services.

Our customers perform every aspect of constructionfrom small specialty jobs to massive international projectsand were proud to support them with the most feature-rich construction-specific financial and operations solution available in the market, stated Steven Gross, VP of Client Solutions, Computer Guidance Corporation. Weve partnered with many of our clients across several decades and continue to welcome new customers to the Computer Guidance Corporation family. Every relationship we build has its foundations in the spirit of product development collaboration, respect, and trust.

Bringing big data and construction planning to the Cloud is and will continue to be our top priority, providing exponential growth potential to CGC and our customers alike, said Bob Shantz, Director of Infrastructure and Cloud Services, Computer Guidance Corporation. We will continue to invest in the infrastructure and resources to support of our clients digital business transformation with a hosted platform renowned for its industry-leading security, SOC-Compliancy, outstanding performance and unmatched level of support.

About Computer Guidance Corporation With over 20% of their clients represented on top ENR lists, Computer Guidance Corporation delivers the leading construction enterprise resource planning solution including financial and project management, #1 business intelligence, mobile, and enterprise content management. Scalable, customizable, and cloud-hosted, CGC serves thousands throughout North America. Computer Guidance Corporation is part of the JDM Technology Group, a global construction-specific software conglomerate that serves more than 500,000+ in 40 countries and 6 continents.

Share article on social media or email:

View original post here:

Computer Guidance Corporation Announces Rapid Growth in Cloud Hosting in FY2020 - PR Web

Categories
Cloud Hosting

Catalyst Cloud teams with Amazee.io to deliver hosting system used in Australian government – Reseller News

Bruno Lago (Catalyst Cloud)

A cloud web-hosting system used by the Australian government'swhole of government digital platform, GovCMS, is now available in New Zealand.

The GovCMS platform hosts almost 400 government-related websites receiving hundreds of millions of hits per month.

Global cloud managed web hosting service provider amazee.io and NZ cloud computing platform Catalyst Cloud are collaborating in the effort to offer a New Zealand based version of the open source hosting platform.

Based on Kubernetes and using amazee.ios open source hosting platform, Lagoon, and Catalyst Clouds hosting infrastructure, the solution is built to autoscale to meet demand (and to help fend off DDoS attacks) while maintaining enterprise-grade security and availability.

The Department of Internal Affairs launched its equivalent to GovCMS, theCommon Web Platform (CWP), in 2013. The contract, which had been due to be renewed this month, has been extended for one more year and now expires next September.

Catalyst Cloud said the partnership offered a compelling alternative to hosting solutions provided by the "big names in the business" without a local presence for organisations concerned about data sovereignty.

Lagoon, which claims to be the only fully open source hosting platform of its kind in the world,comes with a 99.9 per cent-plus up-time guarantee.

The platform also features its own content delivery network, providing both a response to peaking demand and a further defence against DDoS.

Customers can host in a multi-tenant environment or in their own dedicated cluster.

Lagoon supports Drupal, Silverstripe, WordPress, Laravel, Node.JS, and most other content management systems.

Sites hosted by amazee.io maintained their stability through the COVID-19 online surge thanks to Lagoons ability to autoscale their hosting infrastructure, Catalyst Cloud said.

Data privacy, security, speed and platform scalability are undeniably the highest-ranked requirements of today's enterprises and organisations, said Franz Karlsberger, CEO of amazee.io.

Partnering and innovating with Catalyst Cloud in New Zealand gives local companies and government-related agencies the opportunity to host their applications and data in New Zealand on a fully managed, enterprise-grade, highly secure, scalable container- based platform."

New releases of code are made to Lagoon monthly and the full codebase is maintained on GitHub, so developers have complete insight into releases, configuration and architecture, and can contribute to features, discussions and documentation.

This helps with issue debugging, prevents vendor lock-in and provides insight into future development, the partners said. Twenty-four hour monitoring and chat support was available directly from amazee.ios systems engineers.

Catalyst Clouds managing director, Bruno Lago, said amazee.io's expertise and world-leading platform, and Catalyst Cloud's state-of-the-art infrastructure and true cloud services, were a winning combination.

"The web hosting solution also allows data to be stored securely in Aotearoa, protected by New Zealand law and data privacy regulations, in datacentres powered by companies generating renewable energy."

Error: Please check your email address.

Tags web hostingcommon web platformGovCMSCatalyst CloudAmazee.ioLagoon

Read the original here:

Catalyst Cloud teams with Amazee.io to deliver hosting system used in Australian government - Reseller News

Categories
Cloud Hosting

The Future Is in the Cloud… And There’s No Turning Back – DailyWealth

The Weekend Edition is pulled from the daily Stansberry Digest.

New buildings are appearing in many suburban backyards...

They look something like this...

It's not quite a gardening shed and not quite a pool house, either... It's a home-office pod.

It includes just enough space for a desk and a chair, as well as some walking room and natural light... kind of like those "tiny houses" that became all the rage starting a few years ago.

Except this is a getaway from your house. It's a place to work in our "stay at home" pandemic times.

Construction of these new buildings is a certifiable trend, as the Chicago Tribune noted last month...

Tiny house builders and garden shed manufacturers across the country are pivoting to create home office structures that range from compact, prefabricated deluxe sheds to more elaborate custom designs. And business is booming.

"A soon as the quarantine and having to work from home started, the requests for our sheds doubled," said Brennan Deitsch, online marketing manager for Heartland Sheds. "A lot of people never really had their home set up as an office, so having a quiet place allows them to make the most of the work-from-home lifestyle," he said.

Have you been working at home longer than you thought you would be?

We have. I would be lying if I said I didn't think we'd be back in the office for at least a few days a week by now.

Don't get me wrong, working from home if you can has its perks... starting with the simple fact that I have a regular-paying job that allows me to think big and share what all of our Stansberry Research editors are saying each and every day.

However, productivity and morale considerations aside, it would be nice to simply get out more during the day. Maybe it's just me, but I'd prefer to see the familiar faces of coworkers instead of interacting through e-mails and video chats.

Everyone has their own feelings about our new work world, and there's plenty to discuss on this topic in the months ahead.

We speak from an office-worker perspective today, but the point is... remote work isn't going away anytime soon.

All things considered, we're fortunate at Stansberry Research...

First off, I'm healthy, and I have a job. But not everyone has been so lucky.

More than 190,000 Americans have reportedly died from COVID-19. The disease is the third-largest cause of deaths in the U.S. this year with four months to go... trailing only heart disease and cancer.

And of course, the pandemic and government shutdowns have taken their economic toll as well. They've shuttered many physical businesses like retailers and restaurants for good... and have limited regular business for so many others.

At least 18 million Americans who say they want a job right now don't have one. And nearly half of all work-eligible Americans don't have a job, either by choice or by necessity.

We're hearing all kinds of stories about people and families adjusting to kids going back to school (or not), offices closing (or not), and jobs coming back (or not).

COVID-19 has left a lasting mark on the economy. Life is different.

And of course, none of this has done anything to ease the brick-and-mortar retail "apocalypse"...

We saw it on display at a single shopping center in suburban Baltimore. At one end, home-improvement retailer Home Depot (HD) had giant orange letters We're Hiring! painted on its front windows.

Just a few stores away, Modell's Sporting Goods one of the dozens of nationwide retailers that has filed for bankruptcy over the past few months was selling literally everything in the store for at least an 80% discount.

And when I say it was selling everything, I mean it... down to the cash registers, mannequins, tape dispensers, and employee lockers.

If you're not an "essential" business, you're in trouble...

Why "go to Mo's" when you can buy the same sporting goods online and get free shipping (in many cases)?

Take food as another example... We all need it. But we can eat at home, too.

So online ordering and curbside pickup have become normal... Yet at the same time, more and more restaurants killed by customers' reluctance to sit among strangers during an airborne virus pandemic have been closing down for good.

On the other hand, if you're an "essential" part of these essential businesses, you're doing quite well...

That might sound confusing at first, but here's what we mean...

In today's world, data is the new oil. That means the companies that control data, including cloud-based vendors and storage companies, are the new pipelines and oil fields.

As our colleague Alan Gula wrote in the August issue of our flagship Stansberry's Investment Advisory newsletter, one area of technology that many of our editors love is Software as a Service ("SaaS")...

This type of software lets you order food from a local restaurant... or connect to your company's networks and do business around the world from your house or even a shed in the backyard.

As we've written in the past, DocuSign (DOCU) is one of our favorite SaaS companies. The company, which sells e-signature software, has more than tripled since the Investment Advisory recommendation in November last year.

Not only are SaaS businesses practical for the user, they're incredibly capital-efficient and a "win-win" business model for software vendors and customers. As Alan wrote in August's Investment Advisory issue...

For customers, it lowers costs they don't need to pay a large, upfront perpetual license fee, buy expensive computer hardware, pay to have the software deployed, and then pay a "maintenance" fee on top of all that. Under the SaaS model, there's just one regular subscription fee, and software updates and upgrades are automatic and seamless.

For the software vendors, cloud-based application hosting creates economies of scale. There's also only one software version to support since the upgrades occur behind the scenes on the vendor's servers.

In short, the SaaS model is superior to the perpetual license model. SaaS software is cheaper and easier to get up and running. It attracts many more new customers. And good SaaS businesses tend to have high renewal rates, leading to lots of recurring revenue.

All of these factors have led to explosive revenue growth.

Today, the five biggest tech companies account for 25% of the S&P 500 Index...

By market cap, Microsoft (MSFT), Amazon (AMZN), Google parent Alphabet (GOOGL), Apple (AAPL), and Facebook (FB) constitute roughly one-fourth of the benchmark U.S. index.

Think about that... Overall, the index is just about breakeven for the year. And those five stocks are up an average of 44% in 2020.

This performance surely doesn't say much for the other 495 stocks in the index... But it does prove that tech stocks continue to thrive. And today, a lot of the major tech companies are cloud companies in one way or another.

The biggest SaaS player is Adobe (ADBE), which switched from a license model to a SaaS approach back in 2013... Its stock price is up more than 850% since the move.

But there are dozens of other "pure play" companies in the SaaS world that have outperformed even the biggest tech stocks over the years.

As Alan wrote in the August issue of the Investment Advisory...

We consider 59 public companies "pure play" SaaS businesses. We've created an equal-weight composite of these stocks, called the Stansberry SaaS Composite.

Take a look at how it has performed this year compared with the overall market and the Nasdaq...

The Stansberry SaaS Composite is crushing both. It's up an astounding 64% this year... more than double the Nasdaq. And that's during a global pandemic.

In short, SaaS technology has become "mission critical" for thousands of companies...

And the footprint of the technology will only grow in the years ahead.

Change, especially changing the behavior of so many people, can be hard... But once that change is made, it can be even harder to convince people to go back and do something the way they did before.

In this case, a virus forced massive changes in the way we work and do business...

And now, there's no putting the "genie back in the bottle." People are putting up their own "work sheds" in their backyards. Cloud vendors and SaaS companies are bringing in piles of cash. The future is here. There's no turning back now.

All the best,

Corey McLaughlin

Editor's note: The push for "togetherness while apart" has the SaaS sector riding a wave of wealth... Because of increased work-from-home setups and accelerated demand for technology worldwide, we believe SaaS stocks are set to soar by 1,000% or more. And one stock in particular is positioned to skyrocket 3,000% long term. Get all the details right here.

See the original post here:

The Future Is in the Cloud... And There's No Turning Back - DailyWealth

Categories
Cloud Hosting

Upland Software to Participate in Jefferies Software Virtual Conference – Web Hosting | Cloud Computing | Datacenter | Domain News – Daily Host News

AUSTIN, Texas(BUSINESS WIRE)Upland Software, Inc. (Nasdaq: UPLD), a leader in cloud-based tools for digital transformation, has announced that Jack McDonald, Chairman and CEO, and Mike Hill, CFO, will present at the Jefferies Software Virtual Conference on Tuesday, September 15, 2020.

They will present via webcast at 3:00 PM CT and will be available for one-on-one meetings with investors who are registered to attend the conference that day. To register for the webcast, please visit http://wsw.com/webcast/jeff135/upld/.

For more information on Upland Software, please visit investor.uplandsoftware.com.

About Upland Software

Upland Software (Nasdaq: UPLD) is a leader in cloud-based tools for digital transformation. The Upland Cloud enables thousands of organizations to engage with customers on key digital channels, optimize sales team performance, manage projects and IT costs, and automate critical document workflows. The Upland Cloud is backed by a 100% customer success commitment and the UplandOne platform, which puts customers at the center of everything we do. To learn more, visit http://www.uplandsoftware.com.

Contacts

Investor Relations Contact:Mike Hill

512-960-1031

investor-relations@uplandsoftware.com

Media Contact:Kendell Kelton

833-UPLAND-1

media@uplandsoftware.com

Visit link:

Upland Software to Participate in Jefferies Software Virtual Conference - Web Hosting | Cloud Computing | Datacenter | Domain News - Daily Host News

Categories
Cloud Hosting

Nimble In The Cloud The Office Of The Future – Forbes Africa

As Covid continues to disrupt work, more and more businesses are depending on cloud-based services like Dropbox, Google Suite and Flexyforce to add extra layers of security and enable staff to efficiently work from anywhere.

In the Covid-19 context, the cloud is the place to be. And though its not exactly a new tech phenomenon, it is only now that it has gained increased currency, with the number of companies adapting to cloud-based services seeing an upward trend.

CEO and Founder of Flexyforce,Annette Muller, speaks of how she has seen it soar to new levels.

Practically, we originated from looking at these future business models, which is very much on-demand workforces and automating the underlying administration to allow the business to scale within their capacity. And philosophically, the bigger mission is, of course, to bring flexibility to the workplace, Muller says.

Flexyforce is South Africas first female-founded cloud-based supplier management software and it has seen growth during the pandemic.

We signed on a number of new exciting businesses, specifically businesses who realized that with this remote work theyre going to have to take off their business operations into the cloud, Muller says.

Cloud computing, according to Managing Executive of Cloud, Hosting, and Security at Vodacom Business, Kabelo Makwane, is bringing together a pool of shared IT resources. This is done through computing, storage, and networks which allows for the shared resources to be shared anywhere and at any time on a pay-as-you-go metered service.

As opposed to the traditional distributed computed model where everyone, whether you are a large enterprise or working from home, is building their own IT shops, the benefits of cloud computing come from the aggregation and consuming it as a utility in the same way we consume power today, Makwane said at the Future of Work digital summit hosted by CNBC Africa on August 20.

This notion is seconded by Muller who says that cloud computing is a lot more cost-efficient as you have to downscale on some of the costs you were previously using, but this is provided you are using the correct service provider. In addition to that, the cloud can be accessed from anywhere.

So a big benefit is that you can access work from any device anywhere in the world. And I think that is what pushed so much attention to cloud services. Now, specifically with Covid-19, because of the forced remote working that we saw taking place across the whole world. And that just means that youre less dependent on an office environment or specific devices at the office to be able to work, Muller says.

Using a cloud-based service is also a good equalizer for entrepreneurs who may be starting a business or small-to-medium-sized businesses as there are no incurred IT costs to worry about, specifically now during Covid-19, this would be the best time for those businesses to start using cloud-based service providers if they have not already.

The fixed upfront costs are lower because youre essentially just doing a pay-as-you-go model and this could really assist the small-to-medium-sized business, Alison Collier, Managing Director of Endeavor South Africa, said at the Future of Work summit.

I think its absolutely fundamental to small-to-medium businesses and they will not survive this day and age if they do not put those basic systems and processes into place from the word go, Muller adds.

There are still companies who fear having to use cloud-computing as there is a security risk perception, Muller explains. However, most service providers have gone to great lengths to protect companies data by using tools like authenticators.

Furthermore, Muller adds that if Covid-19 has taught companies anything, it is that businesses have to change and adapt to the new world of working.

Theres an interesting analogy that the office of the future isnt getting the printer and the secretary and the desk and the chair. Its not; its opening up your Web browser and having those first seven services that you log into every day, Muller says.

See more here:

Nimble In The Cloud The Office Of The Future - Forbes Africa

Categories
Cloud Hosting

Not Just in the Cloud: Serverless in Your Own Data Center – Data Center Knowledge

If you follow conversations about trendy DevOps technologies, you have probably heard of serverless functions. But you may not realize that serverless functions arent just something available from public cloud providers. They can run out of on-prem or colocation data centers, using hybrid or private cloud architectures.

If you've wanted to explore serverless functions without having to depend on a public cloud provider, keep reading for an overview of how and why to deploy serverless functions in your own data center or colocation facility.

Related: Explaining Knative, the Project to Liberate Serverless from Cloud Giants

A serverless function is an application or part of an application that runs as part of serverless architecture. Developers can simply load serverless functions into a serverless hosting environment, then configure the conditions that should trigger the functions to execute.

There is no need to configure entire operating system environments or install software in the traditional sense -- hence the "serverless" label, which is somewhat of a misnomer, because the functions are still hosted on servers, even though the server environment is abstracted from end users.

Related: Cloudflare Wants to Eat AWSs Serverless Lunch

The serverless platforms that get the most attention, like Azure Functions and AWS Lambda, are public cloud services. The solutions are sometimes referred to as Functions-as-a-Service, or FaaS, because they enable users to deploy and execute serverless code using a cloud-based architecture that is similar to SaaS.

Although public cloud vendors have dominated the serverless market, there is nothing inherent in the serverless model that requires functions to be hosted in a public cloud. You can just as easily set up an environment within your own data center that allows your developers to deploy functions in a pain-free serverless way and execute them using an event-driven framework.

There are a number of reasons you may want to run serverless functions in your own data center. One is cost. Public cloud vendors charge you each time a serverless function executes, so you have a continuous ongoing expense when you use their services. If you run functions on your own hardware, most of your investment occurs upfront, when you set up the serverless environment. There is no direct cost for each function execution. Your total cost of ownership over the long term may end up being lower than it would be for an equivalent service in a public cloud.

Security is another consideration. By keeping serverless functions in your data center, you can keep all of your data and application code out of the cloud, which could help avoid certain security and compliance challenges.

Performance, too, may be better in certain situations for serverless functions that run in your own data center. For example, if the functions need to access data that is stored in your data center, running the functions in the same data center would eliminate the network bottlenecks you may face if your functions ran in the cloud but had to send or receive data from a private facility.

A final key reason to consider serverless solutions other than those available in the public cloud is that the latter services offer native support only for functions written in certain languages. Functions developed with other languages can typically be executed, but only by using wrappers, which create a performance hit. When you deploy your own serverless solution, you have a greater ability to configure how it operates and which languages it will support.

That said, the various serverless frameworks that are available for data centers have their own limitations in this respect, so you should evaluate which languages and packaging formats they support before selecting an option.

Deploying serverless functions in your own data center (or a colocation data center) is not much more complicated than running them in the public cloud. There are two main approaches to setting up a serverless architecture outside the public cloud.

The first is to run a private cloud within the data center, then deploy a serverless framework on top of it. In an OpenStack cloud, you can do this using Qinling. Kubernetes (which is not exactly a private cloud framework but is similar in that it lets you consolidate a pool of servers into a single software environment) supports Knative, Kubeless, and OpenWhisk, among other serverless frameworks.

The second approach is to use a hybrid cloud framework that allows you to run a public cloud vendor's serverless framework in your own data center. Azure Stack, Microsoft's hybrid cloud solution, supports the Azure serverless platform, and Google Anthos has a serverless integration via Cloud Run. (As for Amazons cloud, AWS Outposts, its hybrid cloud framework, does not currently offer a serverless option.)

The first approach will require more effort to set up, but it yields greater control over which serverless framework you use and how its configured. It may also better position you to achieve lower costs, because many of the serverless solutions for private clouds are open source and free to use.

On the other hand, the second approach, using a hybrid cloud solution from a public cloud vendor, will be simpler to deploy for most teams, because it does not require setting up a private cloud. It also offers the advantage of being able to deploy the same serverless functions in your data center or directly in the public cloud. A serverless function deployed via Azure Stack can be lifted and shifted with minimal effort to run on Azure Functions.

Serverless functions in the public cloud are very easy to deploy, but they do not offer the best cost, performance, or security for all types of workloads. For situations where the public cloud vendors' serverless solutions come up short, consider deploying serverless functions in your own data center or colocation facility.

Read more:

Not Just in the Cloud: Serverless in Your Own Data Center - Data Center Knowledge

Categories
Cloud Hosting

Where to Invest $5,000 Right Now – Motley Fool

You probably knew it was coming.

The stock market sank at the end of last week after delivering tremendous gains in July and August. The bad news is that your investment portfolio is likely worth considerably less than it was just a few days ago. The good news, though, is that the pullback presents an opportunity to buy top-notch stocks at a more attractive price.

But which stocks are great picks? Here's where to invest $5,000 right now.

Image source: Getty Images.

Any time is a good time to buy shares of Amazon (NASDAQ:AMZN). You don't even have to worry about the potential for a second wave (or intensified first wave) of coronavirus outbreaks in the fall. Amazon has proven that its business will hold up just fine, even amida global pandemic.

But Amazon isn't just a stock to buy for playing defense. Though the company claims a $1.6 trillion market cap, its growth story is far from over.

The COVID-19 pandemic has poured fuel on the fire of an e-commerce market that was already rapidly expanding. Amazon obviously benefits as the biggest e-commerce company on the planet. However, it also profits as organizations beef up their online presence and shift to the cloud. That's music to the ears of Amazon Web Services, the market-leading cloud hosting provider.

Don't overlook Amazon's other growth opportunities. The company is expanding its physical grocery operations. It's making big moves into healthcare. And with the acquisition of Zoox, Amazon just might emerge as a major contender in the self-driving car technology arena.

Intuitive Surgical's (NASDAQ:ISRG) business encountered stiff headwinds with the COVID-19 pandemic. The delays of nonemergency surgeries meant that Intuitive's da Vinci robotic surgical systems were left twiddling their robotic fingers much of the time. Although revenue is bouncing back, CEO Gary Guthart warned in Intuitive's second-quarter conference call that the company "expect[s] a challenging near to midterm environment for future capital placements as COVID-19 wears on and hospital expenditures remain constrained."

So why should you invest in Intuitive Surgical right now? Nothing has changed about the long-term growth prospects for the healthcare stock.

Thanks to the aging baby boomer generation, the number of older Americans is increasing. This trend is also occurring in many Asian and European countries. As a result, the number of surgical procedures commonly performed in older individuals will almost certainly rise, including many of the variety best suited for robotic assistance.

Intuitive Surgical also continues to invest heavily in research and development to expand the types of procedures its systems can handle. Guthart thinks that "high-quality, minimally invasive care will be more important to the future, not less so" after the COVID-19 pandemic is over. He's very likely right, and that's great news for Intuitive's future.

Like Intuitive Surgical, Mastercard (NYSE:MA) felt the sting of the COVID-19 pandemic. With travel largely curtailed, people didn't use their credit cards as much. However, CEO Ajay Banga thinks that the long-term impact of the coronavirus outbreak should be positive. "The COVID crisis has driven an acceleration in the use of electronic forms of payment, with much greater adoption of digital and contactless solutions," Banga said in Mastercard's Q2 conference call.

Mastercard is making solid progress in the contactless solutions that Banga mentioned. The company announced in August that it's launching its Shop Anywhere technology platform, which allows consumers to pay without having to take out their Mastercard credit card. The technology detects the card if it's anywhere on the consumer or stored on their phone.

Even after the pandemic ends, it's easy to see how Mastercard's Shop Anywhere technology will make it easy for consumers to use their credit cards instead of cash. It's yet another innovation that should accelerate the shift from cash and checks to digital payment methods.

Mastercard stands out as one of the best stocks to buy to profit from the move away from cash. The company enjoys a virtual duopoly with Visa in payment processing. Its management team has the vision required for Mastercard to remain a leader in the digital payment arena. It's quite possible that Mastercard could join the club of companies with trillion-dollar market caps by the end of this decade.

View post:

Where to Invest $5,000 Right Now - Motley Fool

Categories
Cloud Hosting

Health Care Cloud and Hosting Market Report, History and Forecast 2015-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application -…

The Global Health Care Cloud and Hosting Market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and Global Health Care Cloud and Hosting Market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.

The research study on Health Care Cloud and Hosting market provides significant information such as historical data and major development trends for businesses operating in this industry vertical. The report also helps to understand the current trends as well as prospects of the market which can help in formulating critical business strategies.

The report elaborates on the major growth factors and opportunities defining the profitability ratio of this business sphere over the study duration. It also offers information on challenges & restraints faced by industry participants.

Request Sample Copy of this Report @ https://www.express-journal.com/request-sample/191854

The report delivers a comparative evaluation of the past and the current market scenario, which further helps in deriving the industry growth rate over the analysis timespan. Apart from this, it also highlights the impact of coronavirus outbreak on the remuneration scale of this industry.

Key insights from the Table of Contents:

Product terrain

Application landscape

Regional landscape

Competitive arena

In short, the research report on Health Care Cloud and Hosting market delivers crucial insights pertaining to various industry segmentations, while highlighting the supply chain & sales channel such as raw materials and equipment used, distributors, upstream suppliers, and downstream buyers.

Points Covered in The Report:

Request Customization on This Report @ https://www.express-journal.com/request-for-customization/191854

Link:

Health Care Cloud and Hosting Market Report, History and Forecast 2015-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application -...