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Akbank’s Innovative Project Call: PoChallenge is Set to Kick Off!

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Akbank’s innovation center Akbank LAB is launching Akbank PoChallenge in collaboration with APIX, inviting both local and global companies to collaborate on groundbreaking projects with the bank. Open for applications from October 1-31, the PoChallenge aims to expand Akbank’s proof-of-concept (PoC) portfolio by welcoming new partnerships and innovative solutions. Fintechs, startups, and tech companies that believe in the power of technology to create value are encouraged to apply.

SINGAPORE, Oct. 14, 2024 /PRNewswire/ — Through Akbank LAB, the bank’s center for driving innovation, Akbank is seeking forward-thinking partners who can bring fresh perspectives to the table in collaboration with APIX, a digital innovation platform, as official global communications and community partner of program. The PoChallenge invites participants from around the world to pitch solutions and co-create next-generation products and services. During the month-long application window, Akbank will evaluate a wide variety of project proposals.

So far, Akbank LAB has conducted nearly 50 proof of concept (PoC) projects out of more than hundreds of ideas and now nearly half of successful projects are live.

With a focus on reinforcing Akbank’s position as a leading partner in tech and innovation, Akbank LAB is widening its search for ideas and projects. Fintechs, startups, and tech companies with solutions that can create tangible value for Akbank’s customers or employees are encouraged to submit their proposals.

Global Partnerships Boost Akbank PoChallenge

Participants will be able to present solutions in a range of focus areas during the PoChallenge. One key area is the AI for Good solutions category, developed in partnership with Microsoft AI for Good Lab, under the ReFi Türkiye initiative.

In managing the global communication activities of the process, support will be provided by APIX, a Singapore-based innovation platform with over 2,000 connections to fintechs, developers and organisations globally and one of the world’s largest digital innovation ecosystems.

Finalists to be Announced at Demo Day

Following the application and evaluation processes, the program will culminate in a physical gathering. Shortlisted companies will be invited to present their projects at Demo Day on November 26 at Sabancı Center in Istanbul, where finalists will have opportunity to work on paid PoC projects with Akbank.

In addition to paid project opportunities, the PoChallenge offers successful participants the potential for long-term partnerships as official suppliers to Akbank. The event is open to fintechs, startups, and tech companies with ready-to-market products and proven references. Full details and application information for becoming Akbank LAB’s next project partner are available at akbanklab.com/en/pochallenge and https://app.apixplatform.com/h1/pochallenge.   

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Security and Vulnerability Management Market worth $24.04 billion by 2030- Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Oct. 14, 2024 /PRNewswire/ — The global Security and Vulnerability Management Market size is projected to grow from USD 16.51 billion in 2024 to USD 24.04 billion by 2030 at a Compound Annual Growth Rate (CAGR) of 6.4% during the forecast period, according to new research report by MarketsandMarkets™.

Browse in-depth TOC on “Security and Vulnerability Management Market “

250 – Tables 
50 – Figures
300 – Pages

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Scope of the Report

Report Metrics

Details

Market size available for years

2018-2030

Base year considered

2023

Forecast period

2024–2030

Forecast units

Value (USD Billion) 

Segments Covered

Component, Software, Services, Type, Target, Deployment Mode, Organization Size, Vertical, And Region

Geographies covered

North America, Europe, Asia Pacific, Middle East & Africa, Latin America  

Companies covered

Major vendors in the global Security and vulnerability management  Microsoft (US), AT&T (US), CrowdStrike (US), IBM (US), Tenable (US), Cisco (US), DXC Technology (US), Check Point Software Technologies (Israel), Rapid7 (US), Qualys (US), ManageEngine (US), RSI Security (US), Fortra (US), Ivanti (US), Tanium (US), Invicti (US), Outpost24 (Sweden), Skybox Security (US), Vulcan Cyber (Israel), SecPod (India), Balbix (US), Intruder (UK), Brinqa (US), Holm Security (Sweden), Nucleus Security (US), and NopSec (US)

High financial losses due to security breaches and the growing demand for real-time monitoring and continuous vulnerability assessment drive the Security and Vulnerability Management Market. Organizations are thus striving to minimize these financial risks and they demand for robust security and vulnerability management solutions to strengthen their security posture.

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Based on the offerings, the solutions segment accounts for the largest market size during the forecast period.

According to PT Security, 98% of web applications are vulnerable to attacks resulting in malware, redirection to malicious websites, and more. This rising complexity of such cyber risks has spurred the demand for comprehensive security and vulnerability management solutions. The shift to cloud computing and remote work has amplified the demand for adaptive security tools, with AI-driven analytics and automation strengthening their role in security and vulnerability management. Furthermore, providers such as Microsoft, IBM, Qualys, Tenable, Rapid7, and CrowdStrike offering advanced security and vulnerability management solutions also contribute to position solutions as the largest market segment during the forecast period.

By the organization size segment, the SME segment is expected to grow at the highest CAGR during the forecast period.

The SME segment is expected to grow at the highest rate in the Security and Vulnerability Management Market due to increasing digital transformation, which exposes these businesses to heightened cyber threats. Most SMEs lack the resources and expertise of larger organizations, thus becoming vulnerable to cyber-attacks. Growing regulatory compliance requirements and the affordability of effective security solutions drive SMEs to invest in robust protection measures. As awareness about security risks grows, SMEs focus more on security investments, fueling rapid growth in this market segment.

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By region, North America accounts for the largest market size during the forecast period.

North America is expected to hold the most significant Security and Vulnerability Management Market, driven by its advanced digital infrastructure and the increasing frequency of cyber threats. Cybersecurity technologies have a high adoption rate in the region, and many established vendors make it relatively easier for organizations to implement integrated security measures. Strict regulatory frameworks also make companies have stringent vulnerability management practices to comply with the regulatory requirements and strengthen their security posture. The rapid growth of cloud computing, IoT, and digital transformation agendas further propels the demand for advanced solutions, amplifying North America’s stronghold in this market.

Top Key Companies in Security and Vulnerability Management Market:

Microsoft (US), AT&T (US), CrowdStrike (US), IBM (US), Tenable (US), Cisco (US), DXC Technology (US), Check Point Software Technologies (Israel), Rapid7 (US), Qualys (US), ManageEngine (US), RSI Security (US), Fortra (US), Ivanti (US), Tanium (US), Invicti (US), Outpost24 (Sweden), Skybox Security (US), Vulcan Cyber (Israel), SecPod (India), Balbix (US), Intruder (UK), Brinqa (US), Holm Security (Sweden), Nucleus Security (US), and NopSec (US) are the key players and other players in the Security and Vulnerability Management Market.

Browse Adjacent Markets: Information Security Market Research Reports & Consulting

Related Reports:

Quantum Cryptography Market – Global Forecast to 2030

Public Safety and Security Market – Global Forecast to 2029

Post-Quantum Cryptography (PQC) Market – Global Forecast to 2029

Network Security Market – Global Forecast to 2029

Security Testing Market – Global Forecast to 2029

Get access to the latest updates on Security and Vulnerability Management Companies and Security and Vulnerability Management Industry

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

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MarketsandMarkets™ INC.
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Axiado’s AI-Driven Dynamic Thermal Management Solution Cuts Cooling Costs in Half and Boosts Security in AI Data Centers

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AI-Driven DTM Solution Helps Data Centers Slash Cooling Costs by 50%, Saving More than $7 Million Annually in Operating Costs While Reducing CO2 Emissions by 11%

SAN JOSE, Calif., Oct. 14, 2024 /PRNewswire/ — 2024 OCP Global Summit Axiado Corporation, a leading AI-driven, hardware-anchored platform security solutions company, today announced its Dynamic Thermal Management (DTM) solution, powered by Axiado’s Trusted Control/Compute Unit (TCU), which is transforming the energy efficiency of AI data centers. The DTM solution, a practical implementation of Axiado’s TCU, enables AI-driven data centers to reduce energy consumption by dynamically adjusting cooling based on real-time server workloads. This innovative thermal management solution optimizes cooling, providing substantial cost savings by enhancing performance per watt and contributing to more sustainable, efficient operations as AI data centers pursue carbon-net zero emissions goals.

As data centers become the backbone of AI workloads, they face immense energy demands, particularly in managing thermal output. Cooling systems can account for up to 38% of a data center’s total energy consumption. Traditional systems struggle to adjust cooling needs efficiently, leading to higher costs and energy waste. Axiado’s AI-driven DTM solution solves this challenge by using predictive modeling and real-time performance data to manage server cooling proactively.

“As AI data centers continue to grow in scale and complexity, the need for integrated security and energy efficiency is more critical than ever,” said Gopi Sirineni, President and CEO of Axiado. “Our Dynamic Thermal Management solution, powered by the TCU, not only accelerates cooling efficiency but also strengthens the security foundation of data centers. By combining AI-driven thermal management with hardware-anchored cybersecurity, we are shaping the future of AI infrastructures—making them more secure, sustainable, and cost-effective at every level.”

Axiado’s DTM solution provides a powerful, real-life customer use case demonstrating the advanced capabilities of its TCU technology. The TCU provides the foundation for the DTM solution by embedding AI-driven control at the hardware level. This integration enables precise management of cooling systems, ensuring optimal energy use in real-time based on fluctuating server demands. This approach results in up to a 50% reduction in cooling energy consumption, saving AI data centers millions of dollars annually. For example, in a data center with 100,000 servers, savings can exceed $7 million each year, delivering up to an 11% reduction in CO2 emissions, equivalent to the carbon absorption of more than 834,000 trees.

The DTM solution is well-suited for AI data centers, where fluctuating workloads and high computing power generate significant heat. Axiado’s TCU enables real-time predictive AI modeling, adjusting cooling needs dynamically based on server performance data. This ensures efficient cooling for AI workloads, reducing energy waste while improving overall performance per watt, and cost-efficiency in AI-driven infrastructures.

Key Features and Benefits of Axiado’s Dynamic Thermal Management (DTM) Solution:

AI-Driven Cooling Optimization: Uses predictive AI modeling to dynamically adjust cooling systems based on real-time server workload data, ensuring optimal energy use.Energy Savings: Delivers up to a 50% reduction in cooling energy consumption, saving millions in annual operational costs.Environmental Impact: Reduces CO2 emissions by up to 11%, contributing to carbon-neutral data center goals.Proactive Cooling Management: Anticipates server cooling needs in real-time, reducing the need for reactive cooling and improving energy efficiency.Scalable Solution: Suitable for large-scale AI data centers with diverse and elastic workloads, improving overall data center performance.Seamless Integration with TCU: Powered by Axiado’s TCU, combining AI-driven platform security with efficient thermal management.Tested Across Leading Platforms: Successfully implemented and tested on NVIDIA’s MGX platform, Intel’s Granite Rapids, and AMD’s Genoa server systems.

For more detailed insights into Axiado’s TCU-powered solutions and the transformative impact of the Dynamic Thermal Management (DTM) solution on data center energy efficiency and operating costs, please download the full whitepaper. Watch the video now.

Availability
Axiado’s AX3000 and AX2000 TCUs as well as OCP DC-SCM 2.0 Compliant Axiado SCM3002 and Axiado SCM3003 with DTM capability are available now for purchase. Please contact Axiado for samples and pricing.

About Axiado
Axiado Corporation is an AI-driven Platform Security Solutions company focused on protecting cloud data centers, 5G networks, and critical infrastructure against ransomware, supply chain, side-channel, and other cyberattacks. Axiado’s Trusted Control/Compute Unit (TCU) delivers real-time, pre-emptive threat detection and platform security, while its Dynamic Thermal Management (DTM) solution reduces energy consumption and operational costs in data centers, advancing the goal of carbon-net zero emissions. For more information, visit axiado.com or follow us on LinkedIn.

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Gimmal Launches the First-of-its-Kind RIOT Data Assessment Solution

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High value, Inaccessible data can become discoverable and then Readable in Preserve365

HOUSTON, Oct. 14, 2024 /PRNewswire/ — Gimmal, the market’s only end-to-end information governance platform, in partnership with Preservica, the leader in Active Digital Preservation archiving, is excited to launch a new RIOT (Redundant, Inaccessible, Obsolete, and Trivial) Data Assessment to help organizations unlock the value of and eliminate the hidden risk from unreadable files and inaccessible data formats.

“eDiscovery fire drills in organizations large and small are like an annual checkup that finds the ROT data bloat associated with poor information governance lifecycle practices,” says Greg Buckles of eDiscovery Journal. “While ROT data balloons legal and compliance budgets, hidden ‘inaccessible’ pockets of information create risk of public sanctions or fines.”

“In this context, RIOT data no longer becomes just a data clean-up issue, but mission critical as organizations cannot protect and govern information they cannot access or read,” says Mike Quinn, CEO at Preservica.

“Inaccessible data files are information that cannot be accurately read or retrieved because of old and redundant file formats, essentially causing confusion and disruption in the information governance lifecycle. This poses huge, unknown regulatory risks, especially if these inaccessible data files are vital records necessary for long-term compliance requirements and preservation.”

Gimmal and Preservica have collaborated to identify this growing problem and shed light on the newly-added inaccessible data element – developing ROT data into the more all-encompassing RIOT data term for today’s complex landscape.

With this new RIOT Data Assessment, enterprises and government agencies can now:

Strategically assess and locate inaccessible data file formats in their unusable file typesImmediately read what were high-value, inaccessible files with Preserve365, Preservica’s leading digital preservation solution embedded in SharePointReduce risk and make better decisions for migration, retention, and preservation purposesDefensibly dispose of RIOT data to prioritize and facilitate proper information governance and maintain high-quality data

“Technology is changing rapidly, especially with Generative AI which feeds off of high-quality data for high-quality outcomes. Public and private organizations are looking for solution partners to not just keep up in the short term, but to help them strategically navigate the evolving landscape for the long-term. Our RIOT Data Assessment solution is a critical component of that evolution as we work with customers and prospects to modernize their records and information governance initiatives,” says Craig Carpenter, CEO of Gimmal.

Gimmal and Preservica are sponsoring this year’s ARMA InfoCon’s annual conference held in Houston, TX from October 14-16. Organizations interested in the RIOT Data Assessment should engage with the Gimmal team to schedule a discovery call.

About Gimmal

Gimmal is information governance, simplified. As the market’s only end-to-end information governance software platform, Gimmal helps enterprises and government agencies tackle their most complex, mission-critical information governance challenges at scale across the full information lifecycle. From information classification to migration, and data discovery to remediation, learn more at www.gimmal.com

About Preservica

Preservica is changing the way thousands of organizations around the world protect and re-use long-term digital information. Preservica’s unique patent pending Active Digital Preservation™ archiving software automatically keeps every file alive in future-friendly formats over decades to ensure that critical, high-value information can always be quickly found and actioned for FOI, compliance, legal, brand, knowledge reuse and cultural needs. The UK National Archives, Texas State Library and Archives, MoMA, Yale and HSBC are some of the leading corporations, archives, libraries, museums and government organizations around the world that trust their data protection and future-proofing to Preservica. For more information, visit https://preservica.com/.

LinkedIn: @Preservica

X (formerly Twitter): @Preservica

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SOURCE Gimmal, LLC

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