Getting Lost at the Edge

first_imgIt’s hard to read any technology blog, research report, announcement or interview without seeing the word “edge.” It’s becoming almost as commonplace as “cloud,” and can be equally confusing. The concept isn’t necessarily new, however.Before the term “edge” caught fire, we had a long history of decentralizing applications and services—Content delivery networks (CDNs), DNS proxies and DDoS systems are all founded on the principle that the laws of large numbers (“too much” or “too many” of anything) require distribution for efficiency.I often see “edge” used in specific contexts, such as:A set of products: “Hey, look at our edge portfolio, specifically designed for the challenges YOU have at YOUR edge”A physical/geographic location: “YOUR facilities are not ready to enable the edge”Infrastructure transformation: “YOUR edge is dumb. We can make it SMART”A new business model or service offering: “Services and applications are moving to the edge”None of these statements are wrong, per se—which is why the conversations continue—but none of them are necessarily right, either. What do these statements actually tell us about what the edge is and what problems the edge can solve?First, in the interest of clarity, I think about “edge” in two different contexts:The access edge is a terminating point of one network (i.e., the SP) and another network (i.e., the enterprise). In this scenario, one network is using the other for access to content/services/applications. I would categorize SD-WAN and IoT as lead examples here.The network edge is an aggregation point within one network (i.e., the SP). In this scenario, the network is providing a platform for content/services/applications (including network functions) to be offered to others. I would categorize edge clouds (IaaS/PaaS) and data center transformations, such as Central Office Re-Architected as Data Centers (CORD) as initiatives here.Secondly, I think about “edge” in terms of use cases:Dynamic content – “too much” localized content consumption yields new delivery modelHighly interactive applications – “too many” paths yields decentralized aggregation pointsBig data business models – “too much” content yields distributed data processingSecurity – “too many” threat vectors yields localized enforcement pointsIoT – “too many” devices yields decentralized platformsAnd there are many more (“too much” bandwidth = distribution of NFV user planes), and nuanced (“too much” power consumption = centralized Radio Access Networks) use cases.Dell Technologies is focused on just about all of them, from joint innovation with component suppliers and solutions development with ISV partners, to industry-wide initiatives, and customer-specific architectures and engagements. The problem space is large, diverse and complex. So rather than trying to shoehorn everything into a single Dell Technologies edge strategy, we’re taking more of a market-centric approach to edge implementation.However, rather than share (as some of our competitors have done) a proposed list of investments we plan to make or things we plan to do, I submit for your reading pleasure a (non-exhaustive) list of things Dell Technologies is actually DOING related to the “edge:”Dell EMC is a leader in modular data centers (MDCs), allowing our customers to re-define where the “Edge” actually is, and putting IT where it needs to be, rather than in facilities built for where it needed to be in the past. Dell EMC delivers MDCs in different scale and form factors to best meet customer needs. These MDCs also include complete remote management capabilities.Dell EMC offers a broad range of Power Edge Servers and subset of these servers are also offered in ruggedized and short-depth form factors for edge deployments, such as the Dell EMC PowerEdge XR2.Dell EMC also enables accelerators based on FPGAs and GPUs that can be used to accelerate network services, analytics and customer applications at the edge.Dell has an entire range of Edge Gateways specifically focused on IoT.Dell is a founding member of EdgeX Foundry, focused on building a common, open framework for IoT edge computing.Dell EMC Networking has launched the Virtual Edge Platform (VEP), a family of Universal CPE focused on the Access Edge, ideally suited for SD-WAN applications.VMware has also acquired VeloCloud to extend its NSX technology with SD-WAN functionality. Dell EMC Networking has a long history of partnering with leading wireless providers, including Aerohive and Ruckus Networks.Dell EMC is a Platinum member of the Open Networking Foundation (ONF), focused on delivering open reference architectures for the network (or carrier) edge.VMware has introduced their Virtual Cloud Network, providing a ubiquitous software layer from data center to cloud to edge.At Dell Technologies, “edge” is more than just a buzzword or a proposed investment, it’s part of our solutions-oriented approach. We’re ready to help you find out what problems the edge can solve for you.last_img read more

BNY Mellon fined £126m in UK for failure to protect custody assets

first_imgPhilippou noted that the severity of the breach was compounded by taking place over a period of “considerable” market stress.During the period of the rule breaches, BNYMLB and BNYMIL — the third and eighth biggest custody banks in the UK respectively — held up to £1.3trln and £236bn in safe custody assets, the regulator said.“As a result of this, the firms are systemically important to the UK market,” Philippou said.In a statement, BNY Mellon noted that its fine had been lowered due to its “cooperative efforts”, and that the sum would be met from pre-existing legal reserves.”Importantly, BNY Mellon remained financially robust throughout the relevant period and, as indicated by the FCA in its Final Notice, no clients suffered any loss as a result of the issues identified.”The firm said it regretted that it had failed to meet its own or the FCA’s standards, and that it had conducted an independent review and amended its policies.BNY Mellon was one of six appointed to a national custodian framework agreement launched by a number of UK local government pension schemes in 2013.The FCA said the firms had failed to comply with its Client Assets Sourcebook (Custody Rules, or CASS).The rules are meant to protect safe custody assets if a firm becomes insolvent, making sure the assets can be given back to clients as quickly and easily as possible, the regulator said.Instead of keeping entity-specific record and accounts for the client safe custody assets they held, as required, the FCA said the firms used global platforms to manage the money, which did not record with which BNY Mellon Group entity clients had contracted.The firms also failed to stop safe custody assets being commingled with firm assets from 13 proprietary accounts, and occasionally used safe custody assets held in omnibus account to settle other clients’ deals without getting proper permission from all parties.“Other firms with responsibility for client assets should take this as a further warning that there is no excuse for failing to safeguard client assets and to ensure their own processes comply with our rules,” Philippou said. The Financial Conduct Authority (FCA) in the UK has fined custodian Bank of New York Mellon (BNY Mellon) £126m (€175.4m) for failing to follow rules meant to keep client money safe over a six-year period.The fine applied to the London Branch (BNYLB) and Bank of New York Mellon International (BNYMIL). The Bank of New York Mellon Group, to which the firms belong, is the world’s largest global custody bank by safe custody assets, the regulator said.Georgina Philippou, acting director of enforcement and market oversight at the FCA, said: “The firms’ failure to comply with our rules including their failure to adequately record, reconcile and protect safe custody assets was particularly serious given the systemically important nature of the firms and the fact that safeguarding assets is core to their business.”If the subsidiaries had become insolvent, the total value of safe custody assets at risk would have been significant, she said.last_img read more

Valeo to add 72 new jobs

first_imgGREENSBURG, Ind. — At a special meeting of the Greensburg City Council, it was announced that Valeo will be adding 72 new full-time jobs.According to the Greensburg Daily News, similar announcements have come from Valeo, an auto parts maker with operations in Greensburg, over the past 2 years.The city council Wednesday night approved the recommendation from the Tax Abatement Committee, to accept a tax abatement for Valeo.last_img

Ballon d’Or: Mane, Aguero make 30-man list

first_imgRelatedPosts Mane double eases Liverpool to win over 10-man Chelsea Aubameyang pens three-year Arsenal contract EPL: Vardy primed for another prolific season after brace at West Brom Sadio Mane, Sergio Aguero and Hugo Lloris are among the first five players to be named on the 30-man shortlist to win the Ballon d’Or.The Premier League players have been joined by Frenkie de Jong and Dusan Tadic, both of whom enjoyed impressive seasons with Ajax last term.Mane and Lloris were joined by their Premier League counterparts Trent Alexander-Arnold and Pierre-Emerick Aubameyang.  It is the first time Liverpool defender Alexander-Arnold has been named on the shortlist for the Ballon d’Or.Paris Saint-Germain star Kylian Mbappe was also on the list alongside Donny van de Beek and Marc-Andre Ter-Stegen.The rest of the list will continue to be released this afternoon with Cristiano Ronaldo, Virgil Van Dijk and Lionel Messi all considered front runners to scoop the prize.Tags: Pierre-Emerick AubameyangSadio Manelast_img read more