During the Mobile World Congress (MWC2022), Steven Zhao, Vice President of Huawei’s Data Communication Product Line, delivered a keynote speech titled “Go Digital Faster with the Intelligent Cloud-Network” at the IP Club Carnival. Mr. Zhao noted that Huawei keeps up with the latest changes to customers’ scenarios with its end-to-end Intelligent Cloud-Network Solution. By making upgrades in three major domains — CloudCampus 3.0, CloudWAN 3.0, and CloudFabric 3.0, the solution will release non-stop computing power and intelligence to every enterprise, accelerating digital transformation across industries.
Mr. Zhao pointed out that IP networks — connecting things on one end and applications on the other end — are the cornerstone for digital transformation across industries. As enterprise digital transformation enters the “deep water zone”, IP networks face new challenges. Specifically, connectivity extends from people only to countless IoT terminals, putting huge strain on manual operations and maintenance (O&M). Also, services expand from office scenarios to production scenarios, placing higher requirements on network service level agreements (SLAs), while services themselves are frequently and rapidly changing to meet customers’ personalized requirements. This requires IP networks to keep pace with the cloud for more agile service provisioning and changes.
To address these challenges, Huawei has upgraded its Intelligent Cloud-Network Solution with all-new components in the following three scenarios:
- CloudFabric 3.0, Hyper-Converged Data Center Network Solution, which has “Fast” and “Stable” key characteristics, is ideal for building best-in-class data center networks, helping enterprises usher in a service center with super computing power. This feature-rich solution offers the industry’s only L3.5 autonomous driving network, which is needed to propel enterprise data centers towards multi-clouds and multi-DCs. Another highlight is the all-new high availability multicast (HAM) data center switches featuring high reliability, low latency, and high throughput, facilitating construction of stable and reliable physical networks.
- CloudWAN 3.0 Solution is designed for building an agile, reliable, and intelligent WAN, placing unlimited computing power within reach. This future-proof solution uses one-click provisioning for fast service deployment in minutes. What’s more, it achieves one network for all services, greatly reducing CAPEX, while its integrated O&M feature dramatically improves efficiency. Furthermore, the all-new intelligent universal-service router NetEngine 8000 F8 is a good choice for customers in finance, energy, transportation, ISP, and other sectors, helping continuously improve WAN reliability and fully meet differentiated service requirements.
- CloudCampus 3.0 Solution draws on continued innovations in the WLAN, LAN Switch and SD-WAN fields and introduces an extensive range of all-new products, including AirEngine 6761 Access Points, CloudEngine S8700 switches, and NetEngine AR6710 routers. As such, CloudCampus 3.0 stands out by offering “300 Mbps @ Everywhere” access experience for enterprises and doubling the cloud access efficiency. With these strengths, CloudCampus 3.0 can be widely used in industries like education, healthcare, finance, and energy, helping enterprises shorten time-to-market and improve operational efficiency.
To date, Huawei’s Intelligent Cloud-Network Solution has served customers in education, transportation, finance, energy, and other industries in more than 140 countries and regions. Looking ahead, Huawei will continue to work closely with global customers and partners, dive into diverse industry scenarios, and improve the competitiveness of intelligent cloud-networks. In this way, Huawei aims to further consolidate the digital foundation and accelerate digital transformation across industries.
This News has been Published in Partnership with PR Newswire
Climate tech Startup Bio-Logical raises $1m Seed round: Kenya’s Agricultural Sector to Get a Boost from Bio-Logicals Landmark Biochar Carbon Removal Facility
Climate tech company Bio-Logical has raised a $1m seed round to scale up its operations in Kenya, facilitating its mission to build climate resilient communities of smallholder farmers around the world.
Smallholder farmers are facing a dire outlook with faltering harvests, increasingly extreme weather and skyrocketing fertiliser prices becoming increasingly common due to climate change. Bio-Logical addresses this challenge through a circular economy, transforming waste into biochar, a super material that sequesters carbon for millenia and regenerates degraded soil. Their biochar is then incorporated into an organic fertiliser which is distributed to smallholder farmers in the region, regenerating land, increasing crop drought resistance and boosting yields by over 50%.
“Bio-Logical was founded on the belief that Smallholder farmers should not suffer at the hands of a climate crisis they have played no part in. At present, soil degradation and changing weather patterns due to climate change is directly threatening the livelihoods of 500 million smallholder farmers around the world.” Rory Buckworth, Co-Founder
Utilising its innovative technology, Bio-Logical’s first site will be the largest biochar production facility in Africa. It will transform over 30,000 tonnes of agricultural waste a year into biochar, sequestering 25,000 tonnes of CO2. This process will generate carbon credits, the revenue from which will be used to subsidise its resilience building fertiliser for smallholder farmers, boosting yields and reducing fertiliser costs.
“We believe carbon credits should do more than simply remove carbon from the atmosphere and instead should be used to build the resilience of climate vulnerable communities” Philip Hunter, Co-Founder
The funding round is led by the Steyn Group alongside Angel Investors Rob Konterman, Luke Calcott-Stevens and Jochem Wieringa. The round will go towards the development of Bio-Logical’s first Kenya site which will pave the way for its expansion throughout the region that will see the company scale to support 1 million smallholders and sequester 1 million tonnes of CO2 annually by 2030.
According to setscale, More than 50% of US Small Businesses are Unaware of Federal Government Contracts, Losing $84 Billion a Year in Valuable Deals
Setscale, a purchase order financing company, reports on small business financing, highlighting the lack of access to US government contracts
Setscale, the purchase order financing company, released today its first-ever report on US small business financing. The report surveyed US small business owners to better understand some of the financial barriers to small business ownership, including their awareness of federal government contracts for small businesses.
More than half (52%) of all surveyed small business owners revealed that they aren’t aware of the specific contracts the US federal government awards to small businesses each year, missing out on approximately $84 billion* per year.
Government contracts are well-valued and often serve as a gateway to a steady source of income and small business growth. More than 70% (71%) of surveyed US small businesses say that they’re aware of lucrative and reliable government contracts, but more than half (52%) say they don’t know what specific contracts are available to them. And over a quarter of US small businesses (29%) are completely unaware that the federal government awards contracts to small businesses.
This report highlights that the federal government is investing in small businesses in record-high amounts, but business owners are still struggling to fill open government purchase orders. Almost 70% (69%) of US small businesses struggle with cash flow and working capital, preventing them from meeting the demand of a government contract. Many businesses pursue lines of credit from a bank or financial institution to fulfill purchase orders, but these are costly and hard to obtain. Alternative finance like purchase order financing can help these businesses secure and fulfill valuable government contracts.
Moreover, US small business owners say that a lack of cash flow and working capital prevents them from securing government contracts. At 22%, a lack of cash flow or capital is the second most popular reason that prevents US small business owners from securing a government contract. The most popular reason they aren’t securing government contracts is due to a lack of time and resources (25%).
“Our small business financing report sheds light on an issue that more than half of surveyed business owners know all too well – that even though the US federal government is awarding a record number of contracts to our small businesses, they’re still struggling financially to fulfill open purchase orders, potentially losing out on more than $80 billion each fiscal year,” comments Daniel Fine, Founder and CEO of Setscale.
“Government contracts are fierce competition for US small business owners for a reason. They’re reliable, well-valued, and often lead to steady sources of income. However, due to a lack of knowledge of the specific government contract awarding process, business owners are unsure if they can fulfill the government’s open purchase orders without pursuing a line of credit from a bank or financial institution,” elaborates Fine. “With interest rates at an all-time high, it’s an incredibly bad time to be a borrower. PO financing allows a small business to quickly bid on a contract, finance the full transaction, and scale operations to meet the size of the order.”
*In Fiscal Year 2022, the US federal government awarded $162.9B in federal contracting opportunities to small businesses. 52% of surveyed US small business owners reported that they aren’t aware of the specific contracts the US federal government awards to small businesses * $162.9B = $84B in lost opportunities.
Setscale designed and executed research for this report in collaboration with Censuswide. 251 US small business owners in companies with less than 50 employees (aged 18+) were surveyed online in October 2023. Censuswide abides by and employs members of the Market Research Society which is based on the ESOMAR principles.
Setscale is a fintech startup solving the trade financing dilemma for small businesses. Small businesses frequently get purchase orders, but don’t have the money to fill them. Through its PO financing technology, Setscale finances the cost of those goods, allowing small businesses to focus on product and sales, enabling them to scale. Setscale is an ideal partner for SMBs, coming in where traditional financial institutions won’t, enabling SMB’s to finance their growth. Setscale funds supply. You meet demand.
Monsha'at leads delegation of Saudi startups at Web Summit 2023
As part of its work to showcase the growth of the Kingdom’s SME sector, Monsha’at, the Small and Medium Enterprises General Authority of the Kingdom of Saudi Arabia, took part in Web Summit 2023: one of the world’s leading technology conferences.
Held from 13 to 16 November 2023 — in Lisbon, Portugal — the event provided Monsha’at the opportunity to spotlight Saudi Arabia’s most innovative SMEs. The authority led a delegation of Saudi start-ups, calling attention to their success and contributions to the national economy. Moreover, the event provided a platform for industry leaders, including policymakers, heads of state, and tech CEOs and founders, to address global challenges.
Sami Al Hussaini, Governor of Monsha’at, said: “2023 has been a landmark year for Monsha’at and the Saudi SME sector, with the number of start-ups in the Kingdom growing to over 1.2 million. While we have made a great deal of progress, we can achieve more. Launching innovative partnerships with businesses and entities around the world is essential. Events such as Web Summit 2023 enable us to do that, immersing some of our leading start-ups in an energized environment conducive to collaboration, innovation and growth.”
Saudi Arabia’s start-up ecosystem is currently undergoing a period of rapid growth. Amid the continued expansion of its non-oil sector, the Kingdom achieved one of the highest economic growth rates in the world last year and has been recognized as one of the best-performing countries in terms of leveraging reforms to improve its business environment. In Q2 2023, the Kingdom led the region in VC funding and capital raised, accounting for 42% of MENA funding at a value of $446 million.
Among the Saudi start-ups participating in Web Summit 2023 were: Zid, Lendo, Nuqtah, Syarah, Asasat Advanced Systems, Wosul, Kabi, Master Works, resal, WhiteHelmet, Mustadem, and Tachyon.
Monsha’at’s participation at WebSummit follows its recent participation in other world-class conferences, including SWITCH Singapore, and ComeUp Korea, where it has helped connect some of the Kingdom’s leading start-ups with the international business and investment communities.
Monsha’at was established in 2016 with the aim of regulating, supporting, developing, and sponsoring the SME sector in the Kingdom in accordance with global best practices, in order to increase the productivity of SMEs and their contribution to GDP.
Why purchasing traffic barricades is a good decision for your new start-up
8 Crucial Things to Think About Before Investing in Real Estate
The Ultimate Christmas Work-Do Style Guide
StarCharge to booth in Japan N+ Sustainability Show with Full Lineup of Charging Solutions
Australia based Startup Refilled launched to save 100m single-use plastic bottles sold from vending machines
Gupshup.io Announces the Next Generation of Conversational Engagement Platform with Advanced Personalization and AI-Powered Interactive Campaigns
How to7 years ago
How to register a Startup in USA
Interview4 years ago
An Interview with Joel Arun Sursas, Head of Clinical Affairs at Biorithm, Singapore
More4 years ago
6 Promising Up and Coming Fashion Companies
More5 years ago
Factors to Consider When Planning Your Office Design and Layout
Interview3 years ago
An Interview with Russell Jack, Southland-based Yogapreneur and Mindfulness Teacher
Other Internet Tech5 years ago
How to become an IPTV reseller? A beginner’s guide
More5 years ago
IPTV business for beginners
Business Ideas6 years ago
50 Small Business ideas with low investment