Latest news with #Splunk


7NEWS
3 days ago
- Business
- 7NEWS
Australians outraged at telco providers' emergency service failures, missed sales and frozen banking apps
As Australia becomes increasingly dependent on telecommunications services, consumers and businesses expect a reliable network provider and not one that works some of the time. Aside from frustration and inconvenience, studies show network outages are exceedingly costly for businesses in a world where cash is becoming increasingly obsolete. WATCH THE VIDEO ABOVE: Service provider disruptions cost Australian millions New research from PagerDuty, a global leader in digital operations, has revealed Australians lost an estimated 73 million hours of operation in the past year. The release showed that 41 per cent of Australians experienced a system failure, incident or outage with their telecommunications provider in the last 12 months. In addition, a March report from cybersecurity and observability leader Splunk revealed that unplanned tech disruptions are costing businesses with over 500 employees a staggering $86 billion. Independent telecommunications analyst Paul Budde spoke to 7NEWS exclusively about the dangers of frequent outages. 'People are affected by it (outages) ... particularly in health care services, education services where it gets cut and it's dangerous,' Budde said. 'People can lose their life if the telephone isn't working.' Budde also detailed the reason behind these outages is often linked to human error, continuous updates and software changes. 'They (telecommunications providers) are highly cost driven ... cost cutting all the time in order to keep profitable,' he said. 'Obviously, in a process like that, you can see mistakes are made and then it becomes easier for outages to occur.' If this issue is posing a significant threat to life and business, what then is being done? The Australian Communications and Media Authority (ACMA) recently introduced stronger consumer protections to safeguard Australians. These protections include customers being informed of the outages when they occur, the locations that are affected, and the likely cause. Providers will also be responsible for detailing the services their outage will impact, and the estimated timeframe consumers should expect to see the issue resolved. Member for the ACMA Samantha Yorke spoke on the changes, considering them vital to addressing the substantial impact these outages have on individuals and communities. 'It's not just frustrating, it can cause significant issues, including disrupting businesses and impacting public safety,' Yorke said. New obligations will require telecommunications services to provide greater certainty that calls to emergency services will be carried by an available network in the event of an outage. 'Improving industry accountability for the carriage of calls to Triple Zero will give Australians greater confidence that their safety is prioritised when networks are down,' Yorke said.


Zawya
5 days ago
- Business
- Zawya
Perform IT achieves Splunk Elite Partner Status for Sell and Manage
Dubai, UAE – Perform IT, a leading provider of enterprise digital transformation and observability solutions, today announces it has successfully achieved Splunk Elite Partner status in both the Sell and Manage tracks of the Splunk Partnerverse Program. This recognition marks a significant milestone in Perform IT's partnership with Splunk, and reinforces its commitment to delivering cutting-edge solutions that help enterprises optimize performance, reduce operational complexity, and accelerate digital transformation. Reaching Elite status, the highest tier in the Splunk Partnerverse Program, validates Perform IT's deep technical expertise, proven delivery capability, and consistent success in enabling customers to maximize the value of their data. It recognizes Perform IT's specialized team, whose innovative approach and focus on delivering measurable results have made this possible. With Elite Partner status across both Sell and Manage from Splunk, held by just two partners in the Middle East, and unmatched specialization in Observability, Perform IT is uniquely positioned as a trusted choice for enterprises wanting to accelerate their digital transformation journey. This milestone will better help customers break down data silos, unify IT and business operations, improve service availability, and more effectively align technology investments with strategic objectives. 'This achievement underscores our relentless commitment to equipping enterprises with the tools and strategies they need to thrive in today's complex IT environment,' said Karl Brenner, CEO of Perform IT. 'Earning the Elite status not only reinforces our position as a leading observability partner but also highlights the strength of our partnerships with Splunk and our dedication to delivering measurable value for our clients.' Perform IT is recognized for its observability expertise, holding multiple Splunk specializations, including Observability Solutions, IT Service Management (ITSM), and the Financial Services Industry badge, reinforcing its vertical expertise and ability to support complex, regulated environments. These recognitions build on Perform IT's leadership in IT performance, and longstanding relationship with Cisco as a Cisco Premier Integrator Partner, Full-Stack Observability Specialized and Splunk Observability Solutions Specialized Partner. With an impressive track record spanning more than a decade, and unmatched expertise, Perform IT has successfully delivered award-winning observability and APM solutions to some of the largest most complex enterprise environments across the EMEA region. Formerly an AppDynamics Titan Partner, the company continues to innovate with advanced, custom-built extensions that drive automation, improve system visibility, and unlock real-time insights across hybrid IT landscapes. Perform IT is extremely grateful to its talented team and the collaborative support of the Splunk, Splunk AppDynamics and Cisco teams for their invaluable contributions to this recognition. About Perform IT Perform IT is an international IT consultancy company delivering digital transformation solutions across Europe, the Middle East and Africa. A trusted leader in observability and APM solutions for nearly two decades, Perform IT design, implement, and manage tailored strategies that deliver real business outcomes. By aligning advanced technologies with business objectives, they help organizations optimize operations, reduce costs, and achieve strategic goals.
Yahoo
7 days ago
- Business
- Yahoo
Income Stocks Spotlight: What Makes Cisco Systems (CSCO) Stand Out
Cisco Systems, Inc. (NASDAQ:CSCO) is included among the 11 Best Income Stocks to Buy According to Hedge Funds. A young professional in a suit examining stocks on a tablet computer in a mid-town office building. Cisco Systems, Inc. (NASDAQ:CSCO) is a leading technology company known for its networking, security, software, and cloud computing solutions. It builds routers and switches that help transmit data across networks. In the third quarter of fiscal 2025, the company reported $14.1 billion in revenue, marking an 11% increase from the previous year. Earnings per share also rose 35% to $0.62. Artificial intelligence has become a key growth area for Cisco Systems, Inc. (NASDAQ:CSCO), generating over $1 billion in AI-related revenue in 2024. The company aims to at least double that figure in 2025. Its recent $28 billion acquisition of Splunk has also played a major role in expanding its capabilities, particularly in network management, security, and AI integration. Cisco Systems, Inc. (NASDAQ:CSCO) currently pays a quarterly dividend of $0.41 per share and has a dividend yield of 2.41%, as of July 31. The company has been rewarding its shareholders with growing dividends for the past 18 years, which makes it one of the best dividend stocks for income investors. While we acknowledge the potential of CSCO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-08-2025
- Business
- Yahoo
Income Stocks Spotlight: What Makes Cisco Systems (CSCO) Stand Out
Cisco Systems, Inc. (NASDAQ:CSCO) is included among the 11 Best Income Stocks to Buy According to Hedge Funds. A young professional in a suit examining stocks on a tablet computer in a mid-town office building. Cisco Systems, Inc. (NASDAQ:CSCO) is a leading technology company known for its networking, security, software, and cloud computing solutions. It builds routers and switches that help transmit data across networks. In the third quarter of fiscal 2025, the company reported $14.1 billion in revenue, marking an 11% increase from the previous year. Earnings per share also rose 35% to $0.62. Artificial intelligence has become a key growth area for Cisco Systems, Inc. (NASDAQ:CSCO), generating over $1 billion in AI-related revenue in 2024. The company aims to at least double that figure in 2025. Its recent $28 billion acquisition of Splunk has also played a major role in expanding its capabilities, particularly in network management, security, and AI integration. Cisco Systems, Inc. (NASDAQ:CSCO) currently pays a quarterly dividend of $0.41 per share and has a dividend yield of 2.41%, as of July 31. The company has been rewarding its shareholders with growing dividends for the past 18 years, which makes it one of the best dividend stocks for income investors. While we acknowledge the potential of CSCO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


Axios
29-07-2025
- Business
- Axios
Exclusive: AI threat-hunting startup Nebulock raises $8.5M
A new startup offering an AI-enabled threat-hunting platform is emerging from stealth today with backing from Bain Capital Ventures, the company first shared with Axios. Why it matters: Cyber defenders are in a race against malicious hackers to embrace AI tools before automated attacks become the norm. Some of the biggest advancements for defenders are coming from startups that have the flexibility to build new technologies from scratch, rather than retrofitting AI capabilities into existing products. Driving the news: Nebulock emerged from stealth today with $8.5 million in funding, including a fresh $6 million seed round led by Bain. Zoom in: Nebulock offers an autonomous threat-hunting platform that actively scans and responds to malicious activity on a company's system. The product — which uses both machine learning algorithms and AI agents to study telemetry data — can be plugged into the existing security stack, including CrowdStrike, Okta and Splunk, via an API to detect endpoint, identity and cloud security threats. While in stealth, Nebulock tested its products with a variety of customers across health tech companies, banks and VC-backed technology firms, Damien Lewke, the startup's founder and CEO, told Axios. The big picture: 90% of companies say they're not ready for AI-powered cyber threats, and cyber threat hunters are inundated with alerts about potential malicious activity across their companies' environments. Defenders have been eager for AI-enabled tools that can not only help them sort through those notifications but also automatically respond to significant threats. "Our vision is to have Nebulock be that teammate that tips the balance of power back in the hands of network defenders," Lewke said. Reality check: Cybersecurity has long been a crowded market, and automated threat response is no different. But Lewke told Axios that customers' awareness of the problem has been high. What's next: Lewke said the startup will use the new funds to hire more engineers and sales and marketing employees and also to build out the platform to expand the types of threats it can detect.