GPMS newsletter June 2022

Why Is DevOps The Next Step In Your Organization's Evolution?

DevOps refers to the practice of considering the operation and maintenance of software as it is being developed—a strategy that has steadily gained traction due to its numerous benefits.

?More companies have followed Salesforce's lead since it became the first large company to deploy corporate software on a web browser in 1999, employing cloud computing to deliver programs on demand to anybody with an internet connection. However, shifting to the cloud brought to light a slew of issues that developers had previously overlooked.

The software was traditionally built by one team and then handed over to another to run and maintain. However, as software-as-a-service (SaaS) business models have grown in popularity, to interact more in recent years.

The Unspoken Problem Affecting DevOps And Security

Source code, confidential information, protected health information, and other vital data are frequently found in databases, servers, and other key infrastructure. Organizations are rethinking how they control access to those data sources in light of broad strategy requirements on innovation, security, and compliance, thanks to remote work, the Great Resignation, and "all things cloud."

Organizations have had to deal with a mix of legacy systems and newer resources, such as infrastructure-as-a-service (IaaS) platforms, containers, and clusters, as a result of the widespread use of cloud technologies, which adds to the complexity of managing access to a now-diverse stack. Traditional access management solutions have failed to keep up, as most were built for old, on-premises systems, and have had to pivot or rearrange their solutions to accommodate current resources like AWS and Azure platforms, Kubernetes clusters, and MySQL databases.

Why Is Sustainable development Becoming a Key Web3 Key indicator?

Businesses are faced with the elephant in the room: energy consumption, while more attention is focused on cutting-edge blockchain technology. So, what's the point of building a tokenized, decentralized metaverse if you're only going to get criticized for it?

Concerns about Web3's carbon footprint will resurface as the platform evolves and scales. Both Bitcoin and Ethereum use the "proof-of-work" method, in which machines are paid with tokens for solving puzzles as proof of the blockchains' integrity.

Bitcoin now consumes more energy than Norway as a result of its massive energy consumption. One alternative is to switch to renewable energy, either as a short-term fix with carbon credits or as a long-term investment in dedicated generating. Another possibility is to switch from proof-of-work blockchain protocols to proof-of-stake blockchain protocols, which use significantly less energy. Greenpeace and the Environmental Working Group (EWG) have launched a campaign to urge the most widely used blockchains to do so. Brands who want to be seen as Web3 leaders should consider sponsoring them, vowing to use blockchains with a minimal carbon footprint, or at the very least being careful about which one they use.

It's time for businesses to stake their claim in the metaverse and influence the underlying software toward a more sustainable future, whether in virtual reality or not.

NFT Prices Drop, Leaving Buyers To Just Love Art

The landscape is shifting. NFTs developed by smaller enterprises without a strong plan and celebrity appeal are at risk of being 'eliminated'.

NFTs have gotten a lot of attention in the last three years since they are supposed to address complex difficulties. Digital photographs, which were previously thought to be useless due to their ease of duplication, could now be owned and given a monetary value. Collectible art, which was once considered elitist, is now available on decentralized, community-managed networks, allowing access to a new generation. NFTs, like Internet property deeds, give owners legal ownership of digital art, music, and photographs. People were willing to pay huge sums for these, such as $10.5 million for a pixelated representation of the Joker persona. However, the enthusiasm surrounding NFTs has subsided in recent weeks, as the cryptocurrency market has plummeted by $500 billion. While some cryptocurrency investors are afraid to sell, they understand that if they did, it would most certainly sell at a cheap price.

This suggests that the NFT market is consolidating, with only a few companies maintaining a growing share. NFTs established by smaller enterprises without a strong road map and celebrity appeal is starting to fade away. When a large NFT is put on the market for sale, the price of other big projects drops as investors sell their NFT holdings to earn currency to buy the new NFT.

This effect is real, although it's not quite as bad as it appears because some of these "floors" are still standing. Even when heavyweights like Coinbase, a US crypto exchange, enter the game, NFT marketplace OpenSea still has a captive market.

After the crypto crash, DeFi Tokens are still in the red.

The DeFi tokens have taken a thrashing as a result of the crypto market's current downward spiral, even more so than Bitcoin. The bulk of alternative coins has lost 90% of their value from their all-time highs. Despite the fact that the overall crypto market is still suffering, decentralized finance (DeFi) tokens are still stuck in the red. Decentralized Finance (DeFi) initiatives began to shine as key rivals in 2021 when the market was flourishing; investors rushed to them, looking at their multiple use-cases and services. The expectations of the investors were clearly met. They offered the best gains ever witnessed in the cryptocurrency sector.

Everything lost momentum, however, when Terra died. Terra has established itself as one of the most popular DeFi systems in the business, coming in second only to Ethereum. Terra was likely harmed by the crypto market crash, which impacted DeFi ventures in the aftermath. It led to a lack of trust in DeFi protocols, prompting investors to withdraw their assets from DeFi tokens. Something had gone dreadfully wrong after the rapid drop in the value of these cryptocurrencies, which continues to this day.

Global Portfolio Management Systems, LLC

GPMS is one of North America's leading solution providers, with offices in New Jersey. We have been working to provide clients with straightforward business value based on quality products and processes since the company's establishment in 2006. We build personalized IT solutions that best meet our clients' demands based on our extensive industry experience and ability to consult at every level of the SDLC.

Technology advances quickly, so if you want to keep your organization current, you should consider a DevOps infrastructure. With everything moving at such a fast pace, your firm could easily fall behind. So, what are the options? DevOps!. Of course, there are a plethora of tools available for almost any application or technical issue. Let GPMS help decide on the best and most efficient technology stack for your organization.

Contact us today!

Global Portfolio Management Systems 297-101 Kinderkamack Rd, Ste?#108?Oradell, New Jersey 07649

? (800) 903-5937

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