By Aarti Dhapte, 17 April, 2023

The Top Three Cloud Services Provider Accounted For 65% to Total Cloud Spend in Q4 2022   

The studies have recently surveyed nearly 600 C-suite and IT decision-makers in the UK. And the United States examines how the current global economy is impacting the priorities of IT. The survey was done with a primary focus on improved cloud cost management and to tackle the reduction of technical debts.

The survey revealed that despite 93 percent of Chief Information Officers (CIOs) expecting the budget of IT to increase in 2023. But 83 percent of CIOs also said they are under great pressure to make their budgets stretch more than before.

According to the survey reports, 72 percent of CIOs admitted they are behind the digital transformation due…

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By Rahul Gotadki, 14 April, 2023

Viagra has been approved by the U.S. Food and Drug Administration (FDA) to treat male erectile dysfunction. Initially, it was used for hypertension, high blood pressure, and chest pain associated with coronary heart disease.

According to the reports, sildenafil is the generic drug name, later marketed as Viagra. It has been found to induce penile erections sometimes during clinical trials; after that, Pfizer decided to study and sell the drug for erectile dysfunction too. As per the reports, Pfizer's drug became an instant success reaching above $1 billion in global sales in its second year.

North America is the largest region in the erectile dysfunction (ED) drugs market in 2022.Middle East is expected to be the fastest growing region in…

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By Garvit Vyas, 14 April, 2023

Rule of law is one of the main criteria with which societies and states are measured in terms of their governance functionality. The Rule of Law Index by the World Bank, Finland has been ranked highest, and Venezuela ranked lowest in 2021 when it discusses the quality of the rule of law.

The reports reveals, 4.4 billion people live in such countries where rule of law is declining. According to the reports, the index is based on a survey on the meta-analysis of different data points measuring a country's actual rule of law. If we take an example of the prevalence of crime and violence, the strength of contract enforcement and property rights or trust in police and courts. New Zealand and Singapore are ranked among the top 5 countries and…

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By Aarti Dhapte, 13 April, 2023

In the last few decades, PC games have come a long way. Most titles are framed to be played with a keyboard and mouse. Also, some of the ported console games and racing stimulators can be enjoyed using a controller. Some of the best gamepads with different price segments are discussed here.

Redgear Pro Wireless gamepad features wireless connectivity up to 10 meters with a battery life that lasts up to ten hours upon a single charge. It even comes with illuminated keys, and a turbo mode allows players to shoot weapons in bursts.

With a tight budget, the RPM Euro Games controller is the best choice. The gamepad comes with a long wire and also has dual vibration motors. It is budget-friendly, which makes it the most rated.

PowerA Enhanced…

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By Shubhendra Anand, 12 April, 2023

Credit Suisse was already struggling with a loss of confidence from the clients even before the fall of Silicon Valley Bank and Signature Bank. After many following scandals and investment failures, the Swiss banking economy suffered a huge outflow of assets and deposits under the management in 2022. This happened mostly in the fourth quarter of 2022 while forcing the Swiss group to utilize the liquidity buffers partially.

The concerns over the bank’s stability and efforts for restructuring, clients already withdrew billion dollars in the first few weeks of October. Thus, it resulted in a CHF 138 billion or $149 billion decline in customer deposits by the end of the quarter.

According to the reports, the assets under the management also…

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By Aarti Dhapte, 12 April, 2023

With the advancement in technology day by day, people are adapting new schemes and techniques to cope with the current on-going scenario. E-shopping or buying products online provides customers with a wide range of variety of things to choose from. Like products, the modes of payment have also been easier these days with different portals. And different portals also offering different schemes as well.

According to the reports, the millennials of the United States emerge out as the “BUY NOW,PAY LATER” group. The people born between 1980 and 1994, 56 percent among them say they use online schemes which allows to pay later several instalments with interest free goods and services.

The survey data also says, PayPal is mostly used to provide…

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By Garvit Vyas, 11 April, 2023

There is again a rise in the inflation rate in the United Kingdom. U.K. inflation (CPI) hit 10.4 percent in February, while it was 10.1 percent in January. It is 0.5 points higher than the percentage scientists expected. And for the seventh time, the measure of inflation has been in double digits.

The rate has been going down each month since November 2022, but a jump of 0.3 percent in February came as somewhat of a shock. According to the reports, food items and drinks prices have risen the fastest since 1977. Data shows the Bank of England expects to raise rates by 25 bps to 4.25 percent.

The rise in inflation was in contrast to the fall of the U.S. CPI rate 6 percent in the 12 months up to February. The report says the inflation in the…

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By Shubhendra Anand, 11 April, 2023

In spite of many turbulences in the banking sector, the Federal Reserve System in the U.S. decided to stay the course and keep raising the interest rates in its fight against inflation. In a two-day meeting of the Federal Open Market Committee (FOMC), Fed chairman Jerome Powell said that a modest 0.25 percent hike is bringing the target range for the federal funds' rates to 4.75 percent to again 5 percent. It is the highest level since 2007.

According to the reports in the latest economic projections, Fed expects economic growth to be slightly slower in 2023, and the inflation slightly higher than they predicted in December 2022. It has been forecasted that raising interest rates to be 5.1 percent by the end of 2023 before coming down to…

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By Anshula Mandaokar, 10 April, 2023

About 71 percent of the globe is covered with water, but the percentage falls too low when it comes to safe and fresh water. With "Water Day" on March 22, the UN decided to mark it to celebrate and raise awareness of more than 2 billion people living without access to safe water.

According to the reports by the UN, water stress is a condition when a territory withdraws more than or 25 percent of its renewable freshwater resources. In 2018, only 18.4 percent of the total renewable freshwater resources were withdrawn worldwide. But places are experiencing severe issues regionally still. As per the data, Northern Africa faces critical water stress levels, and Central and Southern Asia are grouped as having high water stress. Also, the report…

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By Garvit Vyas, 10 April, 2023

Among one the twenty most valuable European banks, Swiss bank Credit Suisse was one. But it sunk below the rank 146 on the global list of banks with the biggest market capitalizations as it has almost lost 19 percent of its market cap since March 2023. Fellow Swiss lender UBS has taken it over as a lifeline to save the Swiss economy.

Suisse's stock market value was not as low as $3.2 billion, which it was paid for in the takeover. Thus, observers believe that the bank has been sold for a meagre price. According to the reports, the bank was hit hard by the global ripple effects of two U.S. bank failures, Signature Bank and Silicon Valley Bank.

As per the information, the reasons which led to the collapse of the banking system are balance…

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By Garvit Vyas, 07 April, 2023

The bank crisis has officially found its way across the Atlantic after the collapse of Silicon Valley Bank. After a hasty deal by the regulators, the largest bank in Switzerland, UBS, agreed to buy its long-time rival Credit Suisse for USD 3.2 billion on Sunday.

 The deal, with a staggering 60 percent below Credit Suisse's market capitalization, marked the end of this 166-year-old institution and UBS's status as one of the largest financial institutions in Europe. Credit Suisse also falls victim to the banking system loss, if not directly linked to the Silicon Valley Bank and Signature Bank. This made the bank’s latest annual report a giant red flag for their investors and clients.

According to the research reports, the Zurich-based bank…

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By Shubhendra Anand, 07 April, 2023

U.S. releases every month’s calculation of the retail sales. In this report, the results are based on the core retail segments excluding the food, fuel and auto using year-over-year comparisons.

There is a rise of 7.7 percent year in the retail sales category with e-commerce up to 8.5 percent according to the numbers released by the United States Department of Commerce. As per the data, February always tends to be the slowest month for retail sales but this time it led to the fairly steady growth in employment.

According to the Global Data Managing Director Neil Saunders, “the consumers would continue to dig deep into the fund consumption and showing resilience despite unfavorable conditions.” Inflation remained high in the February 2023…

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By Aarti Dhapte, 06 April, 2023

Smart cities increase operational efficiency, improve the quality of government services, and manage data assets, services, and resources efficiently by taking insights from ICT (Information and Communication Technologies). Thus, the data collected is sued generally in transportation, waste management, utilities, crime detection, and power plants. The technology of smart cities allows for reduction of both costs and resource consumption.

As per the reports, the technology used by smart cities will become increasingly important, and cities are expected to become a $400 billion industry in 2020. Approximately 55 percent of the world's people S,ive in urban areas, which is supposed to reach 68 percent by 2050.

Barcelona and Amsterdam are the…

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By Aarti Dhapte, 06 April, 2023

OpenAI has launched its new multimodal language model GPT-4 in the second week of March 2023. It is released just four months after the release of the first version. According to the reports ChatGPT has taken the tech globe by storm with its ability to create everything from lyrics of a song to the answers of a medical licensing exam in the US responding to the user’s written query.

A research carried out by an organization in December 2022 was carried out just after the release of the platform to get opinions of the U.S. adults on this. The research found that respondents were tied to whether the AI could advance the process of writing the articles of news.

Forty-four percent says it can also bring either major or minor advances. On the…

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