Connect with us

Press Release

Schlumberger and IBM Announce Hybrid Cloud Enterprise Data Management Solution for Energy Sector

Published

on

Schlumberger and IBM Announce Hybrid Cloud Enterprise Data Management Solution for Energy Sector

Business Wire India

Schlumberger and IBM announced today the industry’s first commercial hybrid cloud Enterprise Data Management Solution for the OSDU Data Platform. The hybrid cloud offering is designed to expand access to customers globally—including those in locations where data residency requirements and local regulations may affect the use of global public cloud—and is engineered to reduce time for analysis and accelerate decision-making, with all workflow data available in one place.

 

This solution will provide energy operators with full interoperability, making their data accessible by any application within their exploration to production (E&P) environment through the OSDU common data standard to enable easy sharing of information between teams. This data solution is engineered to minimize the time for data transfers between applications to deliver reduced costs as well as enabling improved decision making.

 

“As momentum grows for the OSDU Data Platform, we are offering the industry’s first commercial hybrid cloud Enterprise Data Management Solution to leverage its advanced capabilities to help customers in all regions make faster decisions and optimize operational efficiency,” said Rajeev Sonthalia, president Digital & Integration, Schlumberger. “Our solution was developed to accelerate digitalization for all by enabling data to be connected and managed at an unprecedented scale, empowering AI and data analytics workflows that deliver new insights for operators to help drive increased production, cost optimization, and improved business performance.”

 

“This collaboration is a game changer for energy operators to drive higher performance and greater efficiencies by now enabling integrated workflows and innovation using AI. The hybrid cloud solution allows clients to maintain the sovereignty of their data and also gives them options as to how they choose to leverage the solution, with the freedom to deploy on a range of infrastructures or a regional cloud provider,” said Manish Chawla, global industry managing director, energy, resources and manufacturing, IBM. “Open Data for Industries on Cloud Pak for Data is one of the key technologies which enables the OSDU solution deployment for Schlumberger.”

 

The collaboration builds on the work between Schlumberger and IBM to leverage the Red Hat OpenShift Container Platform for deployment of the DELFI* cognitive E&P environment in all regions, worldwide. The solution will be offered by Schlumberger; all transition and managed services will be provided by Schlumberger and IBM Services. Schlumberger is an IBM ecosystem partner, and since the initial announcement the two companies have made significant advancements to engage customers in focus regions around the world, including the Middle East.

 

About Schlumberger

 

Schlumberger (SLB: NYSE) is a technology company that partners with customers to access energy. Our people, representing over 160 nationalities, are providing leading digital solutions and deploying innovative technologies to enable performance and sustainability for the global energy industry. With expertise in more than 120 countries, we collaborate to create technology that unlocks access to energy for the benefit of all.

 

Find out more at www.slb.com.

 

About Red Hat

 

Red Hat is the world’s leading provider of enterprise open source software solutions, using a community-powered approach to deliver reliable and high-performing Linux, hybrid cloud, container, and Kubernetes technologies. Red Hat helps customers integrate new and existing IT applications, develop cloud-native applications, standardize on our industry-leading operating system, and automate, secure, and manage complex environments. Award-winning support, training, and consulting services make Red Hat a trusted adviser to the Fortune 500. As a strategic partner to cloud providers, system integrators, application vendors, customers, and open source communities, Red Hat can help organizations prepare for the digital future.

 

About IBM

 

IBM combines technology with industry expertise to help Oil & Gas clients digitally reinvent their businesses for resilience and sustainability. Pioneering advances in materials science from IBM Research accelerate energy transition. Data science and AI take the guesswork out of exploration. Predictive asset management raises production throughput. Supply chain insights and blockchain build trust and transparency across the downstream ecosystem. Customer experience experts reshape consumer connections at the gas pump or electric charge station. Through these solutions IBM helps Oil & Gas clients emerge smarter.For further information visit: https://www.ibm.com/industries/oil-gas

 

Cautionary Statement Regarding Forward-Looking Statements

 

This press release contains “forward-looking statements” within the meaning of the U.S. federal securities laws — that is, statements about the future, not about past events. Such statements often contain words such as “expect,” “may,” “can,” “estimate,” “intend,” “anticipate,” “will,” “potential,” “projected” and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as forecasts or expectations regarding the deployment of, or anticipated benefits of, digital technologies. These statements are subject to risks and uncertainties, including, but not limited to, the inability to recognize intended benefits from digital strategies, initiatives or partnerships; and other risks and uncertainties detailed in our most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in our forward-looking statements. Statements in this press release are made as of the date of this release, and Schlumberger disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events, or otherwise.

 

*Mark of Schlumberger.

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20210629005682/en/

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Press Release

The Open Group Organizes Sensitization Session on ISO/IEC 20243-2018 (O-TTPS) for Government Organizations in India

Published

on

By

The Open Group Organizes Sensitization Session on ISO/IEC 20243-2018 (O-TTPS) for Government Organizations in India

Business Wire India

The Open Group, a vendor-neutral technology standards consortium, hosted a virtual sensitization session on ISO/IEC 20243-2018 [Open Trusted Technology Provider™ Standard (O-TTPS)] for Senior Indian Government Officials and Regulators on Thursday, 2nd December 2021.

In continuation to The Open Group ongoing endeavor in building awareness and adoption of this standard in India, it organized a virtual session which was the first of its kind sensitization session. The session shared information about the standard, its usage in different industries and departments, and use cases from government-wide procurement process in the US Government. It was attended by seventy officers from the Ministry of Electronics and Information Technology, Ministry of Power, Standardisation Testing and Quality Certification, Centre for Development of Advanced Computing, National Informatics Centre, Central Power Research Institute, Indian Railways, and Indian Institute of Science.

The Open Group provided an overview of the standard and industries where it is being adopted. The O-TTPS is a set of guidelines, recommendations, and requirements that help address the issue of maliciously tainted and counterfeit hardware and software products throughout the commercial off-the-shelf (COTS) information and communication technology product lifecycles. The standard includes best practices throughout all phases of the product life cycle spanning design, sourcing, development, fulfillment, distribution, sustenance, and disposal, thus enhancing the integrity of technology products and the security of their global supply chains. More information about the standard is available at:
 

https://www.iso.org/standard/74399.html
https://www.iso.org/standard/74400.html

Joanne Woytek, Program Manager from NASA‘s Solution for Enterprise-Wide Procurement (SEWP) provided insights into the use of the standard by their supplier group and its valuable contribution in enhancing the procurement process. The SEWP is a premier Government-Wide Acquisition Contract (GWAC) providing federal agencies access to the latest in Information and Communication Technology product solutions, managed by NASA.

The main points and the key takeaways from the session were:

The significance of the standard against maliciously tainted and counterfeit hardware and software products throughout commercial off-the-shelf information and communication technology product lifecycles.

NASA’s use of the standard while being aware that there is some risk and uncertainly involved in the supply chain and being vigilant about it as an imperative. Additionally, ensuring that the process of education and keeping their customer/suppliers updated and aware about their policies and standard usage.

The role of the standard for India in securing India’s critical infrastructures like Power, Telecom, Railways, and Banking. The need for wider awareness among various stakeholders covering consumers, integrators, component suppliers, certification authority, and standards bodies was accentuated during the interactions.

The necessity to create an implementation guide suited to the Indian context and its industries. This will help in a better understanding of the standard and its adoption process for various industries that use information and communication technology products.

In his keynote address at the Sydney Dialogue on 18th November 2021, Prime Minister Modi spoke about India’s efforts towards creating and operating with trusted supply chains. In this regard, the Department of Telecom launched the Trusted Telecom Portal effective from June 15th, 2021. Taking the same thread forward with concrete action, the Standardisation Testing and Quality Certification (STQC) Directorate of the MeitY has recently launched the Trusted Electronics Value Chain Certification Scheme (TEVCCS). This scheme is derived from and aligned with the ISO 20243:2018. This impacts design, development, manufacturing, procurement, and deployment activities in the entire telecom sector. After the Telecom Sector, India released the cybersecurity guidelines for the power sector. There is a heavy emphasis on trusted providers in the Power Sector’s Cybersecurity Guidelines with two of its main objectives being the reduction of cyber supply chain risks and use of open standards and in that context the O-TTPS being mentioned as one of the standards for compliance signaling the relevance and timeliness of the session.

The Open Group has constantly strived to lead the field in technology standards services, certifications, research, and training worldwide. “With supply chain cybersecurity emerging as one of the most important priorities in protecting our critical infrastructures, this sensitization session demonstrates our vision and commitment to open standards and accentuating its adoption as a public good. We aim to continue more such sessions to cover other stakeholders in India,” states Dr. Pallab Saha, General Manager, The Open Group (India).

Continue Reading

Press Release

CertiK Closes Largest Investment Round in Blockchain Security from Sequoia, Bringing its Valuation to Nearly $1 Billion

Published

on

By

CertiK Closes Largest Investment Round in Blockchain Security from Sequoia, Bringing its Valuation to Nearly $1 Billion

Business Wire India

CertiK, the leading global blockchain security firm headquartered in New York, today announced the completion of an $80 million Series B2 financing round. This investment is led by Sequoia, with participation from existing investors including Tiger Global, Coatue Management, and GL Ventures (Hillhouse Capital’s VC arm). This not only sets the bar for the largest single round of fundraising in the blockchain security space but now brings CertiK’s valuation to nearly $1 Billion. This is the third round of capital raised by CertiK within four months, altogether totaling just over $140M.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211201005593/en/

 

CertiK cofounders Ronghui Gu (left) and Zhong Shao (right) (Photo: Business Wire)

There has been a substantial increase in demand for blockchain security in the past few years – mostly driven by recent blockchain hacks, and stolen cryptocurrency. In 2021, $1.3 billion in cryptocurrency was lost to hacks, exploits, and scams – a large increase from the over $500 million dollars lost in 2020.

 

CertiK has experienced incredible growth over the past year, increasing revenues by 20x and its headcount by 4x. To date, CertiK has provided security products and services to over 1,800 clients, detected over 31,000 vulnerabilities in blockchain code, and protected over $310 billion worth of digital assets.

 

“Blockchain security is an indispensable link in the commercial value chain overall,” said a Sequoia spokesperson. “We are very proud to invest in CertiK, which is deeply involved in this field. This is an important addition to our global blockchain investment landscape. We believe that CertiK can create synergies with other companies we have invested in. Our goal is that Sequoia can provide CertiK with resources to jointly develop the blockchain security market.”

 

In addition to blockchain and smart contract auditing and formal verification through its Security Leaderboard platform, CertiK launched Skynet, the first 24/7, active-monitoring platform. Skynet monitors and protects smart contracts as well as blockchains against sophisticated security threats. As the security threat landscape continues to evolve, Skynet’s strategy is to utilize large amounts of on-chain and off-chain machine learning data. With this data Skynet can adapt and evolve, to protect smart contracts and blockchains against new threats. Both Security Leaderboard and Skynet are seeing incredible growth. Since the end of 2020, Skynet’s booked revenue has grown 2,300%, and the total number of users on the Security Leaderboard has grown 2,000%.

 

The newly raised capital coupled with revenue generated from both Skynet and Security Leaderboard, will be used for the development and operation of more innovative products. “Smart contract auditing and formal verification are the first steps in a blockchain security service,” CertiK Co-founder, Professor Ronghui Gu pointed out. “CertiK’s goal will be to develop more SaaS products to provide additional security benefits for clients. This includes security auditing, formal verification, monitoring, detection, as well as protection of client blockchain and smart contracts.”

 

CertiK strives to create a leadership team composed of the best talent. Dr. David Tarditi, who recently joined CertiK as Vice President of Engineering, has over 16 years of experience growing and leading engineering and research teams at Microsoft. He is also the inventor and co-inventor of 22 patents and has carried out research on typed intermediate languages, which gives compiler developers proof of compiler phases maintaining key correctness properties of input source code. In addition, Monier Jalal, who has over 20 years of leadership in the cybersecurity space, has also joined CertiK as Vice President of Marketing. Mr. Jalal has helped companies successfully market and launch products and has been part of the founder and executive leadership team driving the growth, acquisition, and IPO for several cybersecurity startups.

 

About CertiK

 

CertiK’s mission is to secure the cyber world. Starting with blockchain, CertiK applies cutting-edge innovations from academia into enterprise, enabling mission-critical applications to be built with security and correctness. Headquartered in New York City, CertiK was founded by computer science professors at Yale University and Columbia University. CertiK is backed by industry leaders, including Sequoia, Coatue Management, Tiger Global, GL Ventures (Hillhouse Capital’s venture arm), Binance, Coinbase Ventures, Lightspeed, and more

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20211201005593/en/

Continue Reading

Press Release

EasyCollect by Easebuzz – A Complete API Integration Toolkit for Growing Businesses in India

Published

on

By

EasyCollect by Easebuzz – A Complete API Integration Toolkit for Growing Businesses in India

Business Wire India
Easebuzz has set its foot in the digital world in 2016 and launched its operations with a gamut of digital payment solutions to help SMEs with digital payment issues and offer them scalable and reliable solutions that allow them to grow seamlessly in the competitive market.

Early-stage growing businesses in India encounter dire problems as they grow and end up with a high-cost center for solving such issues with banks or other financial institutions. Easebuzz comes with a motive to help businesses with smart APIs and cost-effective solutions all in one single place. It’s a well-established software platform, embedded with payment infrastructure aiding businesses to accept, process, and disburse payments with its API-based product suite.

Amit Kumar, CTO and Director of Easebuzz stated, – “At Easebuzz we are recognized as a “Collection Gateway” and act as a “Technology Partner” for growing businesses and enterprises in India. Our core focus is towards resolving problems related to collection mechanisms at the least cost with help of unique product offerings.

In today’s world, online payment transactions are setting standards whereas cash is becoming an impediment. Moreover, irrespective of their retail foothold, there is a dire atmosphere created for businesses to have online payment options that can further ensure their indispensable digital presence. Technology, on the other hand, is a double-edged sword. In spite of the multitude of advantages offered by technology, there still are problems faced by emerging businesses in India.
 
Easebuzz has identified and solved these primary problems by establishing a software platform that is integrated with payment infrastructure. EasyCollect is one of Easebuzz’s innovative SME offerings which is a complete API integrated toolkit for developing enterprises. This product accepts a variety of payment methods and speeds, including real-time transactions. Customers can quickly and easily make a payment that suits their needs and communicate further via SMS, Email, or WhatsApp.
 
The automated payment reminders help in reducing manual follow-ups, reconciliation and allow to customize e-mail and SMS content for follow-ups at the click of a button. It helps in managing all the payment-related activities from a single dashboard. Automated payment reminders make digital payment simple, and the seven-step procedure is reduced to just three steps i.e.,

Login
Set payment automation
Receive payment.

 
EasyCollect is a value-added API-driven software that is favored over any traditional payment link solution in the industry due to its unique features that contribute to a hassle-free payment.  Following are the key characteristics of EasyCollect:

Auto-Generated Invoice – Send auto-generated invoice detail to customers
Voice-Enabled Bot – For Payment reminders & marketing activities
Real – Time Updates – Real-Time payment updates are available 24×7, 365 days
Automation – Reduction of manual follow ups and reconciliation
Customize Email & SMS – Follow up with the click of a button
Single Dashboard – Multiple adaptations in one place for a quick overview

  
Reconciliation, Split Payment, Auto Payment, and Bulk Payment made easier with EasyCollect:
 
Real-time reconciliation of transactions into ERP systems can be easily done with the help of EasyCollect. This comprises transaction ID and transaction details which are gathered on the gateway by selecting the required data and format to properly integrate with the accounting system of choice. 
 
Speaking of bulk payment, with EasyCollect you can send payment links in bulk by uploading a batch file on the EasyCollect Dashboard. Additionally, Wire- a flagship product of Easebuzz facilitates split payment that can be integrated, with EasyCollect for merchants who require their payments to be split between different vendors.
 
EasyCollect by Easebuzz automates recurring bill payments, manages advance payment collection and subscriptions with great ease using APIs. It automates the reminder overpayment collections for any merchant that has a due date-based collection mechanism. Easebuzz has partnered with over 100 merchants on a monthly basis, resulting in over 219 lifetime EasyCollect merchants.

The customer can operate EasyCollect with ease as per the following step:

Create a simple payment link via Easebuzz Dashboard and customize it.
Share Payment links via SMS, Email, or Whatsapp and get paid instantly.
Automate your payment collection with invoice payment reminders before the Due Date of an Invoice.
Create and share payment links for multiple customers in one go by uploading a bulk file.
Manage your transactions, refunds, and settlements from one single dashboard.
Quickly remind customers about due bill dates with our Outbound IVR Service feature.
Get notified when there is a change in the status of the transaction.

 
These features allow EasyCollect customers to pay during any point of time and can easily fulfill their bills or invoice related to pending payments such as maintenance bills, school fees, insurance, and other obligation manual reminders. This saves time and cost both for the merchants as well as for the customers.
 
Mr. Rohit Prasad, CEO and MD of Easebuzz stated – “Easycollect is a cutting-edge API-based solution to enable diverse small and medium-sized enterprises to process digital payments and collections.”
 
Easebuzz, a preferred partner for SMEs across India, is working towards its long term aim of establishing itself as a payment collection/SaaS software solutions company with an API module tailored for Indian startups and SMEs.

Continue Reading

Trending