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Pakistan Moves Closer to Train One Million Youth with Digital Skills

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Enabling people to bring at least an additional US$1 billion each year into the Pakistani economy through E-Commerce skills by 2025.

Pakistan Moves Closer to Train One Million Youth with 100+ eCommerce and Digital Skills

Karachi, Pakistan, February 05, 2021  ………Pakistan has a large labour force that stands among the top 10 largest labour forces in the world, and it’s growing day by day. To create adequate employment opportunities for them is a huge challenge. On the other hand, employers frequently keep saying that they are unable to find workers with the appropriate skills necessary for their businesses. This obviously shows that there is a mismatch between the demand and supply of skills.

The International Labor Organization (ILO) has shown that skills development can play a major role in the alleviation of poverty, when carefully planned and implemented in the context of the available and emerging employment and income-generation opportunities. This multiplies many folds when the skills are acquired in the digital spheres. It not only widens the work opportunities but also opens up avenues for entrepreneurial ventures as well.

Extreme Commerce, Pakistan’s largest and renowned E-Commerce capacity building platform has excelled in its mission of making Pakistan a hub of entrepreneurial opportunities. Under the guidance of Sunny Ali, thousands of aspiring individuals from Pakistan have successfully initiated global e-commerce businesses.

Extreme Commerce, Pakistan’s largest e-commerce skill development and the entrepreneurial platform has achieved yet another milestone with the expansion of 100+ skills training courses through the “Video Boot Camp (VBC).” The Video Boot Camp includes virtual sessions and videos encompassing around 100 essential e-commerce and digital skills required to excel in the spheres of online businesses. The Video Boot Camp training program is specifically tailored to facilitate the budding entrepreneurs and businessmen and freelancers.

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According to Ali, “E-commerce has skyrocketed after the pandemic and is estimated to grow to a whopping $4.3 trillion within this year.” He further adds, “There is a huge potential for growth in eCommerce both domestic and international, and that is why Extreme Commerce has pledged to enable people to bring at least an additional $1 billion each year into the Pakistani economy through E-Commerce skills by 2025.”

The Video Boot Camp includes over a 100 plus income generating E-Commerce skills (income streams) which an entrepreneur needs to skyrocket their businesses. Some skills offered through the VBC include: Selling through Fulfillment by Amazon (FBA) model, Virtual Assistant and FBA Freelancing, online store management of international and local E-Commerce marketplaces, bookkeeping account management services, digital and social media marketing, content writing and graphic designing, 3D designing & modelling, data science and analytics and more.

This initiative of Extreme Commerce will be immensely fruitful in helping their trainees become leading entrepreneurs of the country. Ali, contented with his vision states, “At Extreme Commerce, we offer a multitude of digital skills that are categorized into 100+ courses/income streams under the umbrella of Video Boot Camp (VBC 2021). These skills are pivotal to reducing unemployment and enhancing the capital of our country.” Sharing his focus and goals, he adds, “Skills that actually help you succeed as an online freelancer and even in the real-life environment plus increase your income thereby, are our prime focus right now.”

Earlier, Extreme Commerce and Mishal Pakistan, the Country Partner Institute of the World Economic Forum had signed a partnership to mainstream e-commerce in Pakistan, this includes capacity building initiatives for the media and industry players, including trainings, seminars and workshops.

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The government of Pakistan has estimated digital skills global industry, often referred to as online outsourcing, is expected to generate gross service revenue between $15 billion and $25 billion in 2021.

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China

Chinese Researchers Achieve Petabit-Level Capacity with 3D Optical Data Storage Architecture

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silver hard drive interals

Introduction

Chinese researchers have achieved a breakthrough in data storage by shrinking the size of a petabit-level data centre into a DVD-sized disk. This is the first time that 3D optical data storage architecture has been used to reach such a high storage capacity, making it a world-first. The research team used a new type of optical disk that has a storage capacity of 1.5 petabytes, equivalent to 12,000 standard DVDs.

A DVD-sized disk holds a shrunken data centre, surrounded by researchers in a world-first achievement

The new technology has the potential to significantly impact data centres, which are currently large and expensive to maintain. By shrinking the size of data storage into a DVD-sized disk, data centres could become more compact and easier to manage. This would also lead to a reduction in energy consumption and costs associated with cooling data centres.

Key Takeaways

  • Chinese researchers have developed a DVD-sized disk with a storage capacity of 1.5 petabytes, equivalent to 12,000 standard DVDs.
  • This is the first time that 3D optical data storage architecture has been used to reach such a high storage capacity, making it a world-first.
  • The new technology has the potential to significantly impact data centres by making them more compact, easier to manage, and less expensive to maintain.
Breakthrough in Data Storage
Chinese researchers shrink data center storage into DVD-sized disk. Research breakthrough in data storage

Chinese researchers have made a significant breakthrough in data storage by shrinking data centre storage capacity into DVD-sized disks. This breakthrough is a world first, and it has been achieved by using 3D optical data storage architecture to reach petabit-level capacity.

3D Optical Data Storage Architecture

The 3D optical data storage architecture is a method of storing data in a three-dimensional space. This architecture uses a laser to create tiny pits on the surface of a disk, which can then be read by a laser. By using multiple layers of data storage, researchers have been able to increase the storage capacity of the disk significantly.

Achieving Petabit-Level Capacity

The use of 3D optical data storage architecture has enabled researchers to achieve petabit-level capacity. This level of capacity is equivalent to 1000 terabits or 1 million gigabits. This means that a single DVD-sized disk can store an enormous amount of data, making it an incredibly efficient and cost-effective solution for data storage.

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In conclusion, the breakthrough in data storage achieved by Chinese researchers is a significant milestone in the field of data storage. The use of 3D optical data storage architecture has enabled researchers to achieve petabit-level capacity, which is a world first. This breakthrough has the potential to revolutionize the way data is stored, making it more efficient and cost-effective.

Impact on Data Centres
Researchers shrink data centre into DVD-sized disk. Disk surrounded by servers and cables. Landmark achievement in technology
Shrinking Storage Devices

The breakthrough in 3D optical data storage architecture achieved by Chinese researchers has the potential to revolutionize the way data centres store and manage information. By shrinking storage devices to DVD-sized disks, data centres can save space and reduce energy consumption, while still maintaining high levels of data capacity. This means that companies can store more data in less space, which can translate to significant cost savings.

The technology behind this breakthrough involves the use of optically active materials that allow for high-capacity optical data storage. The researchers employed a technique to reduce the size of the effective polymerized spot, which enables data capacity in the order of ~1 Petabyte for a DVD-sized disc. This means that a single disc can hold an enormous amount of data, which can be accessed quickly and efficiently.

Potential Applications

The potential applications of this technology are vast, and it could have a significant impact on various industries. For example, in the healthcare industry, this technology could be used to store large amounts of medical data, such as patient records and medical images. This would allow healthcare providers to access this information quickly and efficiently, improving patient care and outcomes.

In the financial industry, this technology could be used to store vast amounts of financial data, such as transaction records and customer information. This would allow financial institutions to access this information quickly and efficiently, improving their ability to make informed decisions.

Overall, the shrinking of storage devices to DVD-sized disks has the potential to transform the way data centres store and manage information. It could lead to significant cost savings, improved efficiency, and better access to information across various industries.

Technical Innovations
Chinese researchers shrink data center storage into DVD-sized disk. Cutting-edge innovation showcased in world-first research
Research Methodology

Chinese researchers have achieved a breakthrough in data storage technology by shrinking data centre storage capacity into DVD-sized disks. The research team used a 3D optical data storage architecture to achieve petabit-level capacity, a world first. The new technology is expected to revolutionize data storage and retrieval, making it faster, cheaper and more efficient.

The research team used a combination of materials and design considerations to achieve the breakthrough. They used photochromic materials that change colour when exposed to light, allowing the data to be stored in multiple layers. This increased the storage capacity of the disks to the petabit level, which is equivalent to 1 million gigabits.

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Material and Design Considerations

The disks were made using a combination of polymers and nanoparticles, which were arranged in a specific pattern to achieve the desired storage capacity. The researchers used a laser to write and read the data on the disks, which allowed for fast and efficient data retrieval.

The new technology is expected to have a major impact on the data storage industry, as it will allow for more data to be stored in a smaller space. This will reduce the need for large data centres, which are expensive to build and maintain. The technology is also expected to be more energy efficient, as it requires less power to operate than traditional data storage systems.

Overall, the new technology represents a major step forward in data storage and retrieval. The combination of materials and design considerations used by the research team has allowed for a significant increase in storage capacity, while also reducing the cost and energy requirements of data storage.

Frequently Asked Questions

Chinese researchers shrink data center into DVD-sized disk, world first

What is the current maximum storage capacity achievable with 3D optical data storage technology?

The current maximum storage capacity achievable with 3D optical data storage technology is petabits, according to Chinese researchers who recently shrunk data centre storage capacity into DVD-sized disks using 3D optical data storage architecture. This is a significant improvement over traditional data storage methods, which are limited to terabits.

How does the cost of 5D optical data storage compare to traditional storage methods?

The cost of 5D optical data storage is currently higher than traditional storage methods due to the complexity of the technology and the need for specialized equipment. However, as the technology develops and becomes more widespread, the cost is expected to decrease.

What are the major challenges in bringing 5D optical data storage to the commercial market?

The major challenges in bringing 5D optical data storage to the commercial market include the high cost of production, the need for specialized equipment, and the lack of widespread adoption. Additionally, there are concerns about the long-term stability and reliability of the technology.

Can you explain the principle behind holographic data storage and its benefits?

Holographic data storage is a type of 3D optical data storage that uses lasers to encode and retrieve data in three dimensions. This allows for a higher storage capacity and faster data transfer rates than traditional storage methods. The benefits of holographic data storage include increased storage capacity, faster data transfer rates, and greater data security.

What advancements have been made in increasing the storage layers in optical disc technology?

Advancements in increasing the storage layers in optical disc technology include the use of 3D optical data storage and the development of multi-layer optical discs. These advancements have allowed for significantly higher storage capacities than traditional optical discs.

How do IBM’s quartz crystal data storage innovations relate to optical data storage developments?

IBM’s quartz crystal data storage innovations are a type of non-volatile memory that uses tiny structures called “racetracks” to store data. While they are not directly related to optical data storage developments, they represent a significant advancement in data storage technology and could potentially be used in conjunction with optical data storage in the future.

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Crypto

Bitcoin Price Tops $50,000 After Spot ETF Launches

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ripple etehereum and bitcoin and micro sdhc card

Introduction

Bitcoin, the world’s largest cryptocurrency, has surged past $50,000 for the first time in months. The rally comes after the first spot Bitcoin exchange-traded fund (ETF) launched in the US, sparking optimism about mainstream investor appetite. The price of Bitcoin has been on an upward trajectory since the ETF’s launch, with some analysts predicting it could reach new all-time highs in the coming months.

Bitcoin price soars past $50,000 as demand grows post spot ETF launch. Cryptocurrency rallies to new high

The surge in Bitcoin’s price is a welcome relief for those who have held the cryptocurrency through its recent downturn. Bitcoin’s price reached an all-time high of almost $65,000 in April 2021 before plummeting to below $30,000 in July. However, the recent rally has brought Bitcoin back to its 2021 levels, and some analysts believe it could continue to climb higher in the coming weeks.

Overall, the launch of the spot Bitcoin ETF has been a major catalyst for the recent surge in Bitcoin’s price. As mainstream investors begin to embrace cryptocurrencies, it’s likely that Bitcoin and other digital assets will continue to gain traction in the financial world.

Key Takeaways

  • The launch of the first spot Bitcoin ETF in the US has spurred demand for the cryptocurrency.
  • Bitcoin’s price has surged past $50,000 for the first time in months, bringing it back to its 2021 levels.
  • Analysts predict that Bitcoin could continue to climb higher in the coming weeks as mainstream investors embrace cryptocurrencies.

Bitcoin Price Surge

Bitcoin's price surges past $50,000 as demand spikes post-spot ETF launches. The flagship cryptocurrency rallies to 20

Bitcoin has surged past $50,000, reaching 2021 levels, following the launch of spot ETFs. This rally is attributed to optimism about mainstream investor appetite, which has been fuelled by the new ETFs.

Impact of Spot ETF Launches

The launch of spot ETFs has had a significant impact on Bitcoin’s price surge. These ETFs allow investors to get exposure to Bitcoin without having to own the cryptocurrency, which has made it more accessible to mainstream investors. This increased demand has driven up the price of Bitcoin, which has resulted in the current rally.

Investor Sentiment and Mainstream Adoption

Investor sentiment has also played a role in the recent Bitcoin price surge. The launch of spot ETFs has increased mainstream adoption of Bitcoin, which has led to more investors becoming interested in the cryptocurrency. This increased demand has further driven up the price of Bitcoin.

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Overall, the recent Bitcoin price surge is a result of a combination of factors, including the launch of spot ETFs and increased mainstream adoption and investor sentiment. As Bitcoin continues to gain more mainstream acceptance, it is likely that we will see further price increases in the future.

Historical Context

Bitcoin price soars past $50,000 as spot ETF launches drive demand. Cryptocurrency surges 20% in historical rally

Bitcoin’s price has been volatile since its inception in 2009. In 2021, the cryptocurrency reached record highs, with its price peaking at over $64,000 in April. However, it then experienced a sharp decline, dropping to around $30,000 by July.

Comparison to 2021 Price Levels

The recent surge in Bitcoin’s price to over $50,000 in February 2022 is a significant milestone. It is the first time since May 2021 that the cryptocurrency has reached this level. However, it is still far below its all-time high of over $64,000.

The recent price increase can be attributed to the launch of spot ETFs, which have spurred demand from mainstream investors. The launch of these ETFs has made it easier for investors to gain exposure to Bitcoin, leading to increased demand and higher prices.

Overall, Bitcoin’s price has been on a rollercoaster ride in recent years. While it has experienced significant price increases, it has also suffered from sharp declines. The launch of spot ETFs has provided a boost to the cryptocurrency’s price, but it remains to be seen whether this will be sustained in the long term.

Market Analysis

Bitcoin price soars past $50,000 as demand surges post-spot ETF launches, rallying to 20

Investment Trends

The recent surge in Bitcoin price to $50,000 after spot ETF launches has spurred demand among mainstream investors. Investment trends in the cryptocurrency market have been on the rise, particularly since the beginning of 2021. As per the search results, the rally in Bitcoin’s price is driven by the increasing acceptance of cryptocurrencies among institutional investors and the general public.

According to a report by CoinShares, institutional investment in cryptocurrency reached a record high of $13.9 billion in 2021, with Bitcoin accounting for the majority of the investment. The report also suggests that institutional investors are increasingly viewing cryptocurrencies as a hedge against inflation and a store of value.

Market Optimism

Market optimism regarding the future of cryptocurrencies has been on the rise, with many analysts predicting that Bitcoin’s price will continue to rise in the coming months. The launch of spot ETFs has further fueled this optimism, as it has made it easier for investors to gain exposure to cryptocurrencies.

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As per the search results, the launch of the first Bitcoin spot ETF in the United States has been a major catalyst for the recent surge in Bitcoin’s price. The ETF, which was launched by ProShares, has been well-received by investors, with trading volumes reaching record highs in the first few days of trading.

Overall, the recent surge in Bitcoin’s price to $50,000 after spot ETF launches has been driven by a combination of investment trends and market optimism. As cryptocurrencies continue to gain mainstream acceptance, it is likely that we will see further growth in the market in the coming months.

Frequently Asked Questions

Bitcoin price soars past $50,000 as spot ETF launches drive demand. Cryptocurrency rallies to record high

What factors are contributing to the current rise in Bitcoin’s value?

There are several factors contributing to the current rise in Bitcoin’s value. One of the main factors is the launch of a spot ETF, which has spurred demand for the cryptocurrency among mainstream investors. Additionally, the ongoing inflation concerns and the continued adoption of Bitcoin by major companies and institutions have also contributed to the rally.

How do Bitcoin ETFs affect the cryptocurrency market?

Bitcoin ETFs have a significant impact on the cryptocurrency market. They provide a way for investors to gain exposure to Bitcoin without having to buy and store the cryptocurrency themselves. This increased demand for Bitcoin can drive up its price. Additionally, the launch of a Bitcoin ETF can signal to the market that Bitcoin is becoming more mainstream, which can further increase demand and drive up the price.

What is the historical significance of Bitcoin reaching $50,000?

Bitcoin reaching $50,000 is a significant milestone for the cryptocurrency. It shows that Bitcoin has come a long way since its inception in 2009 and has gained mainstream acceptance as a legitimate asset class. It also demonstrates the growing interest and demand for Bitcoin among investors.

Could the introduction of a spot ETF influence other cryptocurrencies like Ethereum?

The introduction of a spot ETF for Bitcoin could potentially influence other cryptocurrencies like Ethereum. If the launch of a Bitcoin ETF is successful and drives up the price of Bitcoin, investors may turn their attention to other cryptocurrencies as well. However, the impact on other cryptocurrencies is difficult to predict and will depend on a variety of factors.

What are the implications of mainstream investor interest in Bitcoin?

The mainstream investor interest in Bitcoin has several implications. It signals a growing acceptance and recognition of Bitcoin as a legitimate asset class. It also provides a new source of demand for Bitcoin, which can drive up the price. Additionally, it could lead to increased adoption of Bitcoin by businesses and institutions, further cementing its place in the financial world.

What are the predictions for Bitcoin’s price trajectory following the ETF launch?

It is difficult to predict Bitcoin’s price trajectory following the ETF launch. Some analysts believe that the launch of a Bitcoin ETF could drive up the price significantly, while others are more cautious in their predictions. Ultimately, the price will depend on a variety of factors, including investor demand, market conditions, and the overall performance of the cryptocurrency market.

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Digital

Rubrik: Your One-Stop Shop for Protecting Your Amazon S3 Data

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Rubrik, a cloud data management company, has announced its support for Amazon S3 Object Lock at AWS. This new feature provides a write-once-read-many (WORM) model for data in S3 to help further secure customers against ransomware and to prevent objects from being deleted or overwritten for the duration of a customer-defined retention period 3. Rubrik customers can now utilize Rubrik Zero Trust Data Security with Amazon S3 as an immutable archive, ensuring long-term backups are kept on a reliable storage service to quickly recover from ransomware attacks 3.

Rubrik Security Cloud provides unified protection of all S3 data across all AWS accounts, and much like with Aurora, the ability to assign SLA Domains to either an entire account or across all onboarded accounts. You will also be able to leverage continuous backup for point-in-time, cost-effective protection of both S3 and Aurora 4.

Rubrik’s CloudOut capability allows customers to archive backup data to a public cloud service provider. The required design elements for a CloudOut solution include an IAM User, policies limiting access, data encryption keys, an Amazon S3 bucket, and a Rubrik cluster 1.

Rubrik’s support for Amazon S3 Object Lock at AWS is a significant step towards providing customers with a secure and reliable storage service. With this new feature, Rubrik customers can rest assured that their data is protected against ransomware and other cyber threats.

Rubrik’s support for Amazon S3 Object Lock at AWS is a significant step towards providing customers with a secure and reliable storage service. With this new feature, Rubrik customers can rest assured that their data is protected against ransomware and other cyber threats. The new feature provides a write-once-read-many (WORM) model for data in S3 to help further secure customers against ransomware and to prevent objects from being deleted or overwritten for the duration of a customer-defined retention period. Rubrik customers can now utilize Rubrik Zero Trust Data Security with Amazon S3 as an immutable archive, ensuring long term backups are kept on a reliable storage service to quickly recover from ransomware attacks.

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Rubrik Security Cloud provides unified protection of all S3 data across all AWS accounts, and much like with Aurora, the ability to assign SLA Domains to either an entire account or across all onboarded accounts. You will also be able to leverage continuous backup for point-in-time, cost-effective protection of both S3 and Aurora. Rubrik’s CloudOut capability allows customers to archive backup data to a public cloud service provider. The required design elements for a CloudOut solution include an IAM User, policies limiting access, data encryption keys, an Amazon S3 bucket, and a Rubrik cluster.

Rubrik’s support for Amazon S3 Object Lock at AWS is a significant step towards providing customers with a secure and reliable storage service. With this new feature, Rubrik customers can rest assured that their data is protected against ransomware and other cyber threats. The new feature provides a write-once-read-many (WORM) model for data in S3 to help further secure customers against ransomware and to prevent objects from being deleted or overwritten for the duration of a customer-defined retention period. Rubrik customers can now utilize Rubrik Zero Trust Data Security with Amazon S3 as an immutable archive, ensuring long-term backups are kept on a reliable storage service to quickly recover from ransomware attacks.

Rubrik Security Cloud provides unified protection of all S3 data across all AWS accounts, and much like with Aurora, the ability to assign SLA Domains to either an entire account or across all onboarded accounts. You will also be able to leverage continuous backup for point-in-time, cost-effective protection of both S3 and Aurora. Rubrik’s CloudOut capability allows customers to archive backup data to a public cloud service provider. The required design elements for a CloudOut solution include an IAM User, policies limiting access, data encryption keys, an Amazon S3 bucket, and a Rubrik cluster.

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