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    Sehteq gets $20m to set up reinsurance vertical in UAE

    • The investment to upgrade Sehteq to a new and innovative version of Munch Re – MedNet or Alliance – Nextcare.

    Dubai: Dubai-based health insurance startup Sehteq has secured a $20m investment from anchor investor 971 Capital to set up reinsurance vertical.

    The company was born at a startup incubator in Ras Al Khaimah in November 2017, and started operations in February 2018 with the acquisition of its first health insurance provider license “also known as third-party administrator TPA”.

    The startup grew with 12 subsequent acquisitions and heavily invested in a solid technology platform to be the largest provider of low cost health insurance for individuals and companies in UAE.

    Today, Sehteq is amongst the top three health insurance providers in the UAE and ranks ninth on the global insure-tech list, based on funding.

    Sehteq, which means your health in Arabic, has acquired 3 of the 21 existing licenses and plan to acquire two more before the end of the year to reach its one million consumers target. Post Covid, three players exited the market already. 

    Insurance is one of the most regulated industries, and insuretech companies have to innovate and navigate through this complex system by making necessary investments in licenses and bank guarantees mandated by the Insurance Authority to operate.

    Adding AI to the platform

    Unfortunately, many of those startups are licensed as IT providers and this limits what they can offer.  

    There is a limited number of licenses and the last license for TPA was awarded in 2016. New players have to buy one of the legacy businesses.

    “The investment will upgrade Sehteq in conjunction with its technology and reinsurance verticals to a new and innovative version of Munch Re – MedNet or Alliance – Nextcare,” 971 Capital’s Senior Partner Saad AlJaibeji, said.

    $10 million is the minimum capital required to start a reinsurance business and the higher the initial investment goes – the more capacity the startup will have to do business. 

    Apart from the formation of the reinsurance company, Sehteq will have an additional investment of $3 million to support the technology arm of Sehteq by procuring complementary solutions to enhance the existing artificial intelligence-based system of the company.

    Big cloud infrastructure players beware, Oracle is a player to reckon with

    • Oracle has set a clear strategy to take on AWS and turn the game to its advantage.
    • California-based company may be late into the party but it came with an advantage as they had the time and took the time to learn the game well.
    • By next year, Oracle will have more data centres than AWS
    • Compared to AWS, Azure, Google Cloud Platform (GCP) and Alibaba Cloud, Gartner states that Oracle is the provider whose scores improved the most in 2020.

    Bengaluru: Amazon Web Services, Microsoft Azure and Google are stealing the limelight in the public-cloud infrastructure space and the market talks about them a lot.

    AWS still rules the roost but Microsoft and Google are closing the gaps but one player which is slowly and steadily climbing up the ladder is Oracle, without getting much attention.

    It’s worth noting that while OCI (Oracle Cloud Infrastructure) is architected and optimised for hosting Oracle’s applications, such as ERP suites and databases, Oracle has been successful in winning workloads using non-Oracle technologies.

    Heads of industry professionals turned when Oracle won the video conferencing company Zoom’s contract in April.

    The contract even got the attention of AWS as Zoom still uses AWS’ pubic cloud infrastructure.

    After Zoom contract, Oracle has kept on adding big clients such as 8X8, McAfee, 7-Eleven, GE, Sky, Outfront, CERN, Cisco and Nissan.

    The California-based company may be late into the cloud infrastructure party but it came with an advantage as they had the time and took the time to learn the game well.

    Oracle reported a 140% jump in its Gen2 public cloud revenue in its fourth-quarter results that ended on May 31, albeit from a small base. But 140% is a big leap and it is going to grow further.

    To grow faster and match its rivals, Oracle has invested considerably in cloud-based services over the last few years and its CTO and Chairman Larry Eliison, all on his own, reclassified his Autonomous Database baby as part of Oracle’s OCI business.

    Autonomous Database was part of the PaaS offering but now, it is part of IaaS offering.

    Oracle’s scores improve further

    Oracle is a big player in SaaS with its broadest and deepest sets of apps, right from the beginning, but to turn the game to its advantage, it started bundling every cloud asset it offers into a single package and started offering it in a version running inside a customer’s data centre, known as Dedicated Region Cloud at Customer, and behind a firewall.

    Oracle now provides more than 50 services while AWS and Microsoft Azure Stack offer only limited services to customer premises.

    Oracle, clearly, knows that to win the IaaS war with AWS it has to have more data centres and Ellison has set its sights on the number game.

    Oracle has 26 cloud regions around the world as of August and it is expected to have 36 Gen 2 public cloud regions around the world versus AWS’s 27. A cloud region has two data centres.

    According to a Gartner’s recent report, it said that Oracle has demonstrated impressive improvements in both the IaaS and PaaS capabilities of OCI in the past year.

    Between 2019 and 2020, Gartner stated that OCI improved from a solution score of 38 out of 100, to 62 out of 100. Its score on the required criteria vital to businesses improved from 45% to 74%.

    Compared to AWS, Azure, Google Cloud Platform (GCP) and Alibaba Cloud, Oracle is the provider whose scores improved the most in 2020.

    However, enterprises may still find it necessary to remediate or accept missing required capabilities, as OCI’s scores remain notably lower than the market leader, AWS, which has a solution score of 93.

    Hare and the tortoise race

    Consequently, Gartner now recommends that cloud architects consider OCI not only for cloud environments that are anchored by workloads that use Oracle technologies but also for use cases centred on bare-metal servers, high-performance computing needs or high-performance networking needs.

    The research firm believes that Oracle Cloud Infrastructure, by 2025, will at least double its cloud infrastructure platform services market share from the current three per cent.

    Many organisations continue to view Oracle solely as a software company, but OCI is a public cloud solution optimised by design to run Oracle technologies, with capabilities now broad enough to run general-purpose workloads.

    Big players beware, even though Oracle is moving at a snail’s pace, it is right behind you.

    The classic example is the race between the fast but often-distracted hare and a slow but relentless tortoise.

    IBM shows off next-gen processor

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    • The processor is aimed at enterprise hybrid cloud computing with an expected improvement of up to 3x greater processor energy efficiency
    • Systems taking advantage of IBM POWER10 are expected to be available only in the second half of 2021.
    • Samsung Electronics will manufacture the IBM POWER10 processor, combining Samsung’s industry-leading semiconductor manufacturing technology with IBM’s CPU designs

    Bengaluru:  IBM today revealed the next generation of its IBM POWER central processing unit (CPU) family: IBM POWER10.

    Five years in the making the new advanced processor uses a design focused on energy efficiency and performance in a 7nm form factor with an expected improvement of up to 3x greater processor energy efficiency, workload capacity, and container density than the IBM POWER9 processor.

    The processor is aimed to meet the unique needs of enterprise hybrid cloud computing, with hundreds of new and pending patents. Systems taking advantage of IBM POWER10 are expected to be available only in the second half of 2021.

    Some of the new innovations:

    • IBM’s First Commercialized 7nm Processor that is expected to deliver up to a 3x improvement in capacity and processor energy efficiency within the same power envelope as IBM POWER9, allowing for greater performance.1
    • Support for Multi-Petabyte Memory Clusters with a breakthrough new technology called Memory Inception, designed to improve cloud capacity and economics for memory-intensive workloads from ISVs like SAP, the SAS Institute, and others as well as large-model AI inference.
    • New Hardware-Enabled Security Capabilities including transparent memory encryption designed to support end-to-end security. The IBM POWER10 processor is engineered to achieve significantly faster encryption performance with quadruple the number of AES encryption engines per core compared to IBM POWER9 for today’s most demanding standards and anticipated future cryptographic standards like quantum-safe cryptography and fully homomorphic encryption. It also brings new enhancements to container security.
    • New Processor Core Architectures in the IBM POWER10 processor with an embedded Matrix Math Accelerator which is extrapolated to provide 10x, 15x and 20x faster AI inference for FP32, BFloat16 and INT8 calculations per socket respectively than the IBM POWER9 processor to infuse AI into business applications and drive greater insights.

    “Enterprise-grade hybrid clouds require a robust on-premises and off-site architecture inclusive of hardware and co-optimized software,” said Stephen Leonard, GM of IBM Cognitive Systems.

    “With IBM POWER10 we’ve designed the premier processor for enterprise hybrid cloud, delivering the performance and security that clients expect from IBM. With our stated goal of making Red Hat OpenShift the default choice for hybrid cloud, IBM POWER10 brings hardware-based capacity and security enhancements for containers to the IT infrastructure level.”

    With hardware co-optimised for Red Hat software, IBM POWER10-based servers will deliver the future of the hybrid cloud when they become available in the second half of 2021. Samsung Electronics will manufacture the IBM POWER10 processor, combining Samsung’s industry-leading semiconductor manufacturing technology with IBM’s CPU designs.

    Etisalat to expand rollout of Open vRAN across UAE

    • Telco planning several trials, outside of the UAE, to evaluate Open RAN model under different use cases and network configurations.
    • Open RAN to bring in diversification of RAN infrastructure ecosystem.
    • The ORAN ecosystem needs some time to mature and for network operators to adjust their operational model to adopt this new model.

    Dubai: Etisalat aims to gradually expand the rollout of Open vRAN across the UAE to take full advantage of all the benefits this new technology offers, its Chief Technology Officer said.

    The UAE-based telecom operator was the first in the Middle East to launch an open virtual Radio Access Network (Open vRAN) in January this year.

    Etisalat, in partnership with Alitostar, NEC, Cisco and others, has successfully launched the vRAN network in the Middle East and Africa in January this year and has tied up with Parallel Wireless in February for O-RAN trials in the region.

    Etisalat operates in 16 markets across the Middle East, Africa and Asia.

    In an interview with TechChannel News, Hatem Bamatraf, Chief Technology Officer at Etisalat International, said that it has planned several trials, outside of the UAE, to evaluate the Open RAN model under different use cases and network configurations.

    Open RAN combines the concepts of open interfaces and virtualisation (hardware and software disaggregation) for improved operational efficiencies and expanded RAN ecosystem.

    Currently, the RAN market is dominated by Nokia, Ericsson and Huawei and uses proprietary software and hardware components tightly coupled to create a vendor lock-in for telcos.

    Bamatraf said that Open Radio Access Network, Open RAN or O-RAN, is a paradigm shift from how telecom operators are deploying cellular networks today.

    Not only it mandates a drastic change in network architecture but also requires moving from a hardware-centric network deployment and operation model to a “software-centric approach”.

    However, he said the long-term goal for Open RAN is to reduce “total cost of ownership, bring more innovation and scale network deployments with service requirements”.

    “These goals are particularly important for 5G deployments to adequately exploit the full 5G opportunity and address 5G network densification needs. 5G has a very challenging range of quality of service requirements to address various applications, verticals and devices,” he said.

    New players to boost ecosystem

    To address these requirements, in many cases, he said that they have to bring the network closer to the user to be able to support applications that demand extreme throughput and much lower latency.

    For example, he said take the case for autonomous driving cars application.

    “This network densification brings challenges in cost, operations and user-data management. Open RAN can potentially address these challenges by separating the operations from user-data management functions (control plane and user plane separation) and disaggregating the hardware and software on network equipment,” he said.

    Moreover, he said that more players will enter with innovative solutions to participate in the 5G ecosystem by allowing them to focus on developing solutions under their core competencies, rather than having to develop end-to-end monolithic RAN solutions.

    Although Open RAN has big upside potential, he said the ecosystem needs “some time to mature” and for network operators to adjust their operational model to adopt this new model.

    “Diversification of RAN infrastructure ecosystem is one important advantage of Open RAN. It will allow mix-and-match of network components among a wider pool of vendors. The issues we are facing in evolving our networks towards 5G are much deeper than monopoly.

    “We have the challenge of building a network that is flexible, scalable and open to address the future vision of 5G and be profitable at the same time. Delivering on the true 5G promise requires a collaboration of a large number of players in the telecom industry and outside telecom,” he said.

    5G should never be a closed network

    To allow players to bring in their innovation and vision to fruition, he said that 5G networks have to be “open platforms rather than closed monolithic end-to-end networks. Consequently, 5G networks will be much more agile to meet business objectives.”

    Even though telcos across the globe are thinking about ORAN and its advantages, it also has many challenges to overcome.

    The success of Open RAN lies primarily on having well defined open interfaces among different network elements or nodes. Different standardisation bodies (3GPP, O-RAN Alliance, Small Cell Forum, etc.) are working on defining these open interfaces.

    “This in itself can create a problem of overlap and interoperability. Adding to it the increasing number of solution providers, each focusing on some elements of the overall solution, the issues of interoperability and system integration become very prominent. There is a cross-industry effort to address the interoperability problem led by TIP (Telecom Infra Project),” Bamatraf said.

    However, he said that these efforts will take some time as standardisation gets finalised and more solution providers participate in the ecosystem while the other issue is the feature parity with existing incumbent solutions.

    Because Open RAN ecosystem is still nascent, he said that network features are still limited and do not match some of the advanced features offered by current vertical infrastructure providers. “There are reasonable expectations that this feature gap will narrow as the Open RAN ecosystem matures, but again this will take some time and R&D investments. There is also a lot to do from the operator’s side as well,” he said.

    Moreover, he said that a change in mindset is needed to move from a turnkey monolithic solution to an “À la carte” mix-and-match model.

    New skillsets needed

    “New skillsets are needed to develop new network architecture that will ultimately be cloud-based, to deal with end to end system integration issues and to manage software onboarding and orchestration. Also, it requires modifications to procurement and operation models,” Bamatraf said.

    Increasing the TCO (total cost of ownership), he said can be the main challenge of implementing Open RAN commercially, due to the potential of adding many solution/product/service providers in the network and reducing the size of commercial deals with each provider which will negatively impact the economy of scale.

    “The TCO can increase as well due to the extra efforts needed to manage the new service providers and having many parties involved in building and operating a network. Operators who are more agile and can address these challenges are better positioned to take advantage of Open RAN benefits,” he said.   

    Security is another key issue, he said and it has to be addressed from a holistic approach, ensuring vulnerabilities are addressed at all stages of the software lifecycle – from design to implementation to operation.

    “Some well-established methodologies and procedures are currently used by the IT industry that can be adopted by open networks. IT Security solution providers have well-established solutions to address problems within the software and virtualisation space that can be used in Open RAN networks,” Bamatraf said.

    Several industry associations such as the GSMA and ETSI NFV have published network security guidelines. Addressing network security is an evolving process and part of the day-to-day activities of network operators.

    “Open RAN will increase the complexity but can be managed within each operator’s security framework,” he said.

    Open RAN will take time to mature

    Bamatraf said that Open RAN can offer a path to speed the rollout of 5G under the conditions of either Greenfield 5G/4G network deployment or a 5G standalone (SA) layer on top of an existing network.

    Under these conditions, he said an operator can take full advantage of the cloud-native 5G architecture without the need to integrate with existing networks.

    “Unfortunately, this is not the case with the majority of networks globally. Because of many reasons, most of the initial 5G deployments are in Non-Standalone (NSA) mode, which relies heavily on the LTE networks to provide coverage and control functions to the 5G nodes,” he said.

    Also, having 2G and 3G, as part of the network, he said further complicates the integration of Open RAN nodes with legacy networks.

    For these reasons, he said that initial Open RAN 5G deployments will be better suited for specific use cases such as indoor small cells, private networks or public network expansion to new areas.

    “Operators who can wait to deploy 5G for a couple of years may have a better chance to take advantage of 5G Open RAN, especially if they can shut down their 2G or/and 3G networks and re-farm some of the lower bands spectrum to 5G,” he said.

    At its current state, he said that there is no advantage for Open RAN infrastructure to replace existing commercial networks.

    “There is still a long way to go in terms of proving the performance, operating model and cost advantage of Open RAN. The introduction of Open RAN to current networks will be gradual and controlled to maintain at least the same level of quality of service that customers enjoy today,” he said.

    India to ramp up its cyber security with new policy

    India is all set to announce a new cyber security policy to counter increasing threats from external factors, to both its corporate sector and critical infrastructure.

    India’s Prime Minister Narendra Modi making the new announcement on the occasion of the country’s 73rd Independence Day celebrations said, “In the coming times, we will have to integrate everything and then work within the framework of this cyber security. We will formulate strategies to move forth.”

    “It can be a threat to the social fabric of our country, our economy and can even threaten the development of our nation; we are very well-aware of that. India is very cautious and is planning to take steps to combat these risks,” he said.

    The renewed focus on the subject comes in the wake of a perception of increased threat from both external state and non-state actors in recent months.

    The targets

    In June CYFIRMA Research issued a report indicating increased cyber threat due to the India-China conflict.

    “Our research points to hackers discussing the extensive target lists which include government agencies and private companies.

    The targets may not be limited to the lists published as the threat has increased.

    Hackers could be planning a nationwide cyberattack,” the report said, urging the Indian Computer Emergency Tesponse Team (CERT IN) to send out a nationwide public advisory, given the scale of the potential cyberattack.

    “We continue to monitor the situation and the telemetry shows more targets have been identified, the scale has expanded, and more compromised IP addresses have been discussed as vulnerabilities for technical exploits,” it added.

    In July, another report by Kaspersky said India is among the top victims of a novel attack by hackers linked to North Korean APT (Advanced Persistent Threat) to be using an advanced malware framework called MATA to use Windows, Linux and Mac Operating Systems.

    The new policy is expected to have some major changes compared to the National Cyber Security Policy of 2013 which introduced a national and sectoral 24X7 mechanism to deal with cyber threats through National Critical Information Infrastructure Protection Centre (NCIIPC).

    CERT-In was designated to act as a nodal agency for coordination of crisis management efforts and act as an umbrella organization for coordination actions and operationalization of sectoral CERTs.

    The existing framework however, according to experts, is far away from being centralised and has 36 different bodies with many ministries having their own initiatives to deal with cyber issues. State governments also have their own CERT.

    Qure.ai to deploy advanced AI for medical imaging across N-Europe

    Healthcare startup Qure.ai has joined hands with Nordic MedTech to deploy advanced artificial intelligence (AI) technology for medical imaging diagnostics in the Nordics and Baltic regions.

    The new distribution agreement will see Qure.ai’s head CT scan interpretation and triage aid “qER”, and chest x-ray interpretation tool “qXR” available to practices in Sweden, Denmark, Norway, Finland, Iceland, Estonia, Latvia, Lithuania and associated geographies.

    Both solutions are CE Certified and are aimed to improve clinician productivity and patient outcomes in diagnostic imaging.

    The company said its emergency room head CT tool, qER, is the only US FDA cleared solution that can be used to triage for intracranial bleeds, mass effect, midline shift, and cranial fractures.

    Accurate detection

    It helps prioritise radiology worklists and notifies when head CT scans with critical abnormalities are detected. It can also be used as a traumatic brain injury (TBI) progress monitoring tool and is offered with a reporting assistance mode that pre-populates radiologist templates.

    Qure.ai’s qXR solution will analyse chest X-rays to deliver faster and more accurate detection of 24 of the most common lung abnormalities including opacities, tracheal shift, cardiomegaly, and pleural effusion with high levels of accuracy.

    The software generates a description of the findings, including name, size, and location of the abnormality, reducing the chances of potentially life-threatening missed diagnoses. The solution can also be used to triage and quantify COVID-19 infection in the lungs of patients.

    “We are excited to partner with the capable team at Nordic MedTech and look forward to jointly take our solutions to radiologists and clinicians in the Nordic markets. Our commitment to our partners and customers is to give them quality solutions that improve the accuracy of diagnoses and streamline clinical workflows and eventually enable better patient health outcomes”, said Prashant Warier, CEO and Co-founder, Qure.ai.

    “By joining forces with Qure.ai we have taken a big leap forward to help our customers in their clinical daily routine. With solutions that is applicable both in the emergency rooms as well for chest X-rays we are convinced this is an important piece in the radiology puzzle and in the end for the best possible patient outcome”, said Pierre Vestman, CEO and Co-founder, Nordic MedTech AB.