The Roku Channel Hits 150+ FAST Channel Milestone in Canada

Posted in Commentary on December 9, 2024 by itnerd

 Roku reached a milestone: Canadian viewers can now access more than 150 free ad-supported streaming TV (FAST) channels on The Roku Channel. With new additions available starting today that range from news to comedy, Roku has expanded and diversified its selection of streaming entertainment in Canada. 

Recently added channels include: Corner Gas Channel, CTV @ Home, CTV Laughs, Noovo Cinéma, TSN The Ocho, and Wicked Tuna. The Roku Channel will also add three new CBC News local channels (Manitoba, Quebec, and Nova Scotia, joining BC, Toronto, and the national CBC News channel) in the coming weeks, as well as Zoomer Television, EarthDay 365, Canadian favourites Heartland and Murdoch Mysteries, as well as the world-renowned The Graham Norton Show, and the iconic The Ed Sullivan Show.

The Roku Channel is the home of free and premium entertainment on the Roku platform, and the exclusive home of Roku Originals. Free, ad-supported content on The Roku Channel is only available on Roku streaming players or Roku TV Models™ in Canada. 

For the full list of channels, please visit the Roku blog.

Three Disruptors In Tech Give Their 2025 Predictions

Posted in Commentary on December 9, 2024 by itnerd

Here’s some of the most captivating predictions from 3 disruptors in 3 critical technology fields.

1. CLOUD NATIVE | Ratan Tipirneni, President and CEO, Tigera:

  • Kubernetes will bridge the gap for GenAI workloads: In many GenAI applications, enterprises will use RAG with proprietary data, which will often be confidential and sensitive. To address concerns around data security, privacy, and integrity, some will deploy GenAI in their local data center, but many will want to run GenAI across both cloud and on-premises, and Kubernetes will bridge the gap.

2. IT | Ofer Regev, CTO at Faddom:

  • IT skills gap will accelerate lightweight automation: The global shortage of skilled IT professionals will worsen in 2025, pushing businesses to adopt more lightweight, automated tools. Complex solutions requiring extensive expertise will lose ground to agentless technologies that rapidly simplify deployment and deliver value. 
  • Rise of Zero Trust beyond devices: Zero Trust will expand beyond devices and networks to include identity verification frameworks for all digital interactions. With the surge of remote work and decentralized systems, traditional identity models will fall short. This will demand tools capable of tracking and validating user and system behaviors across dynamic IT landscapes.

3. DEVOPS | Steve Fenton, Principle DevEx Researcher, Octopus Deploy:

  • Platform Engineering will be thinner: Platform engineering has become a path towards DevOps efficiency and developer productivity. In 2025, organizations will realize they can achieve the goals of platform engineering with fewer lines of bespoke code. Instead of trying to build a grand unifying platform, existing tools will provide solutions that reduce fragmentation, apply standards, and integrate security into software delivery.
  • Continuous delivery is dead… Long live continuous delivery! As organizations shift to platform-as-a-service, Kubernetes, and serverless offerings, they often lose good practices along the way. The solid continuous delivery pipelines they created for traditional self-hosted and IaaS environments had solid practices that should be transferred to new environments.

Active Archive Alliance 2025 Data Storage Trends And Predictions

Posted in Commentary with tags on December 8, 2024 by itnerd

Here’s some 2025 predictions from members of the Active Archive Alliance.

Modern Object Storage Will Expand to Include Long-Term Tape Solutions

The explosion of Generative AI and increased demand for unstructured data retention is exceeding modern IT budget growth.  Standardized object storage interfaces are making it easy to move data, but object storage was designed as a single tier utilizing hard disk drives.  Tiering will become a standard requirement for active data object storage vendors.  Modern object storage solutions will expand support to include tape and other long-term storage mediums as an object storage deep archive target, at a fraction of the cost of cloud archives.  Cloud will continue to be part of the hybrid data protection strategy. The results will be lowered costs for organizations storing Petabytes of data.

 – Mark Hill, Business Line Executive Data Retention Infrastructure, IBM

Sustainability Makes a Comeback in Data Storage with Active Archives

Despite daily examples of the devastating effects of climate change, broader corporate sustainability initiatives have in many cases moved off center stage due to unachievable and overly aggressive goals with poor return on investment. Meanwhile, in the IT industry, the shiny new thing is AI with its energy intensive GPUs dwarfing the energy requirements of traditional CPUs. AI also requires massive volumes of data to feed its training models and more data gets generated in the process that may never be deleted even after it goes cold. Sustainable active archive solutions with intelligent data management capabilities can leverage ultra energy-efficient and extremely cost-effective tiers of storage such as S3 compatible object-based tape libraries. This will be needed to offset the voracious energy consumption of truly cutting-edge and breakthrough AI applications as the AI age evolves in 2025 and beyond.

-Rich Gadomski, Head of Tape Evangelism, FUJIFILM North America Corp., Data Storage Solutions

Active Archive Based on Standards and Established Tape Technology: Essential for Future Data Centers

Standardization plays a major role in the data center sector. This applies not only to hardware, but also to software. The need for data archiving in data centers will increase as data volumes grow rapidly due to applications such as AI. For example, active archive concepts based on established tape technology and standardized object-based software interfaces will be used to enable the active use of archived data. Active archives based on scalable and rack-mountable tape libraries that are designed for use in data centers and can be integrated via standardized software interfaces such as S3, will become indispensable in future data centers.

– Thomas Thalmann, CEO, PoINT Software & Systems

Revolutionizing Data Management: AI-Driven Solutions for Smart Storage and Seamless Access.
Artificial intelligence (AI) has the potential to revolutionize data storage and active archives by enhancing efficiency and accessibility. As data volumes soar, we can optimize storage management by predicting usage patterns and minimizing costs, potentially making decisions about how and where to store data at the point of creation. In the realm of active archives, AI can analyze and prioritize data, ensuring frequently accessed information is readily available while less critical data is stored cost-effectively. Automated classification, tagging, and indexing could simplify the search process, allowing for intelligent data handling. For example, sensitive intellectual property could be air-gapped to tape for security, while short-term, frequently accessed data could be stored in a cloud tier. This strategic approach could lead to significant improvements in data

management, enabling organizations to respond more effectively to their needs and streamline their operations.

– Paul Luppino, Director, Global Digital Solutions, Iron Mountain

AI Workloads Will Fuel More Storage Disaggregation

As the AI train keeps moving full-steam ahead, more companies will realize that server-bound storage will be less cost effective and at times inadequate when compared to what can be accomplished via disaggregated storage. Simply put, disaggregated storage is external storage, attached to the server via SAS or fabric. This disaggregation has been proven to deliver the performance and capacity required to meet the requirements of demanding GPU-related workloads which are at the heart of AI and machine learning processes. Disaggregating storage from the server accomplishes two key things: (1) it enables storage to be shared across multiple servers offering greater flexibility and utilization of storage resources, and (2) demonstrations show that disaggregated storage delivers the performance needed to keep GPU processing fully saturated. Over time these external storage architectures will become standard with HDD for active archives and with flash for performance workloads and will ultimately migrate to fabric as opposed to SAS given the convenience and distance benefits of fabrics.

-Mark Pastor, Platform Product Management, Western Digital

 AI-based Applications Fuel the Rise of Accessible Cold Storage, Enabling the Processing of Data Within Seconds.

The digitalization of our everyday lives has created the need for immutable records and the permanent capture of sensor data of all kinds of applications such as autonomous cars, medical diagnostics, Smart IoT, images, and videos.  Most of this cold-born data is often retained indefinitely for personal or liability reasons or later monetization, including browsing user data, medical risk assessment, and training data to enhance AI. This data must be stored as cost-effectively as possible; otherwise, newly invested AI-based business models will struggle to turn a profit. In the future, large chunks of data will quickly be heated up to enable ML and AI-powered tools to generate insights on large datasets. The need for fast, accessible, high-performance Active Archive solutions is obvious and will drive accelerating demand in 2025!

-Martin Kunze, CMO and Co-Founder, Cerabyte

Tape Enables More Cost-Effective Active Archives in 2025

The percentage of total data that goes on tape will increase within active archive environments.  I don’t just mean more data will go on tape than before, which has been the case for a while.  I’m saying more data will go on tape thanks to its cost, energy and long-term reliability advantages, when compared to the amount of data going on disk.

 –W. Curtis Preston, Technology Evangelist, S2|Data

The Rise of Storage Virtualization and the Data Fabric

As organizations look to optimize their storage strategies in 2025, the rise of storage virtualization is making it easier to interconnect various data storage technologies. Businesses can maximize their existing investments and avoid vendor lock-in by leveraging a data fabric—an architecture that unifies cloud, disk, tape, and flash storage into a single, logical namespace. This trend towards virtualization allows for a more flexible approach to data management, enabling businesses to mix and match technologies to meet specific needs. For example, high-performance workloads can run on flash storage while colder data is moved to tape in an active archive. The ability to integrate various storage solutions seamlessly will be a key enabler for organizations aiming to improve efficiency, reduce costs, and scale their operations.

-Jason Lohrey, CEO, Arcitecta

AI’s Rising Energy Costs: Why Data Centers Will Be Turning to Tape Storage

As AI continues to reshape industries, the energy demands on data centers are intensifying. AI servers consume up to 14 times more power than traditional systems, raising both operational costs and environmental concerns. In response, the focus must shift to energy-efficient solutions, and magnetic tape—a 70-year-old technology—offers a relevant answer. Modern tape storage is not only highly durable but also incredibly energy-efficient, particularly when compared to disk storage. By offloading cold data to tape in an active archive, data centers can free up energy for AI workloads, maximizing efficiency. As energy becomes a factor potentially limiting the growth of AI, businesses that embrace sustainable practices will gain a competitive edge in 2025 and beyond.

-Ted Oade, Director of Product Marketing, Spectra Logic

Trend Towards Hybrid Active Archives

As the volume of stored digital data increases year on year, many organizations increasingly turn to public cloud storage. This is true for active archives because storing in cloud object storage is scalable, secure and, most importantly, is convenient. However, for large archives, it is a costly option. For this reason, we are seeing a trend towards hybrid storage solutions where data is stored both on premises and in the cloud. This can minimize egress, and it avoids costly fees when an organization decides it must migrate its content from one cloud provider to an alternative, whether that be a different provider or an on-premises solution.

-Phil Storey, XenData CEO

Tape-based Active Archive Complements the Fastest AI Storage

QStar believes the use of AI to provide added insight into multiple types of data will be a major driving force in many IT departments over the next year and into the future. The use of tier 1 primary storage and new tier 0 GPU based storage will require significant data sets or project data to be available for relatively short periods of time during processing. At other times, this data has to be stored securely and be readily available when next needed, but also stored at low-cost, due to the size of the data sets involved.

Multi-node tape-based active archive solutions provide everything an AI environment requires, by using many tape drives in parallel to increase significantly raw performance. Tape media is the lowest cost and most secure form of storage. AI applications can choose to access this data through a file system (SMB or NFS) or S3 API protocol.

-David Thomson – SVP Sales and Marketing (QStar Technologies) 

Healthcare: Using AI in Cyber Risk Reduction

Although artificial intelligence (AI) is at the forefront of discussions in active archiving for healthcare, continuing to use AI to help in the cyber security world will be a must in 2025.  Hackers continue to advance AI technology to develop more complicated and complex hacking initiatives and ethical hackers are required to do the same to prevent it. The push for interoperability in healthcare will require advanced AI hacking prevention techniques and 2025 is going to be a big year for prevention and balance: How to share data and still keep it secure. Concerns over AI’s ability to learn and evaluate critical thinking processes are not unfounded. Patient safety is already a concern as hackers try to infiltrate medical devices and this will definitely need to be a focus in 2025.  2024 provided good examples of areas of vulnerability. In 2025, initiatives should be increased to include analysis of these gaps in protection, and the budgets increased to provide funding to actually close them.

-Kel Pults, DHA, MSN, RN, NI-BC, NREMT Chief Clinical Officer and VP Government Strategy, MediQuant

2025 Cybersecurity Predictions From LimaCharlie

Posted in Commentary with tags on December 7, 2024 by itnerd

Here’s some forward-looking cybersecurity predictions for 2025 from Maxime Lamothe-Brassard, Founder & CEO of LimaCharlie. These insights delve into emerging trends poised to reshape the cybersecurity landscape in the coming year.

“There’s a significant trend unfolding in the cybersecurity landscape: a shift from the ‘Wild West’ of unrestricted ecosystems to highly gated environments. This isn’t about placing value judgments on whether this is good or bad, but recognizing the reality of our increasing reliance on technology in every facet of life—even in industries like hairdressing, where digital tools are essential for billing, scheduling, and more.

Historically, open ecosystems like early Windows PCs offered immense value, allowing users to run any code without restrictions. However, as platforms like iOS, Chrome OS, and even macOS evolve, the push toward more controlled and secure environments is becoming inevitable. The aim is to move away from the chaos of unregulated systems toward manageable, scalable cybersecurity practices.

In the next decade, we may see further convergence in operating systems — imagine macOS and iOS becoming indistinguishable. While the trajectory for other platforms remains uncertain, the overall direction is clear: tighter ecosystems designed to balance security and usability.”

TikTok Loses Its Latest Bid To Stay Alive In The US

Posted in Commentary with tags on December 7, 2024 by itnerd

Bad news for TikTok, they’ve lost an appeal in the US to stay alive in that country:

A U.S. federal appeals court panel on Friday unanimously upheld a law that could lead to a ban of TikTok in a few short months, handing a resounding defeat to the popular social media platform as it fights for its survival in the U.S.

The U.S. Court of Appeals for the District of Columbia Circuit denied TikTok’s petition to overturn the law — which requires TikTok to break ties with its China-based parent company ByteDance or be banned by mid-January — and rebuffed the company’s challenge of the statute, which it argued had ran afoul of the First Amendment.

“The First Amendment exists to protect free speech in the United States,” said the court’s opinion, which was written by Judge Douglas Ginsburg. “Here the Government acted solely to protect that freedom from a foreign adversary nation and to limit that adversary’s ability to gather data on people in the United States.”

Ted Miracco, CEO, Approov had this to say: 

  “The U.S. Court of Appeals ruling on TikTok underscores key concerns in mobile app security, API vulnerabilities, and the dominance of Apple and Google in app ecosystems. While the ban targets national security risks tied to foreign ownership, it also highlights systemic issues in app distribution and the lack of federal data privacy laws. This regulatory gap allows platform owners to enforce opaque policies that often prioritize profit over user protection, enabling excessive data harvesting and weak penalties for violations. A robust, enforceable policy is crucial, especially to protect minors from app-based surveillance and manipulative algorithms.

  “Though TikTok faces scrutiny for data risks tied to foreign ownership, similar accountability should extend to all apps, including U.S.-based platforms like Meta and Amazon, which have faced privacy abuse allegations. TikTok’s case illustrates broader cybersecurity challenges, emphasizing the need for a transparent, comprehensive framework to address the structural flaws in app ecosystems. Prioritizing security, transparency, and accountability is essential to safeguarding users.”

While incoming President Trump could save them, I am not so sure that’s going to happen. The thing is that TikTok as a company is suspect at best. And if something is suspect, you likely need to put it under the microscope at the very least, and deal with it if your worst fears are confirmed. The first part is done already, now it’s time to deal with them.

Sportsnet and Aquimo Launch Interactive Mobile Gaming on Hockey Night in Canada with First-of-its-Kind Partnership

Posted in Commentary with tags on December 7, 2024 by itnerd

Aquimo Inc., a leader in mobile gaming technology for sports broadcasts and live events, has partnered with Sportsnet, Canada’s #1 sports network, to bring hockey fans a one-of-a-kind, new interactive mobile gaming experience. Sportsnet Slap Shot Showdown – a brand-new, custom mobile game developed by Aquimo, will launch on December 7 during Sportsnet’s live Hockey Night in Canada broadcast, giving fans across Canada a chance to compete in real-time multiplayer challenges and a month-long contest to win exclusive prizes, including a 2025 Hyundai Kona. This collaboration marks Aquimo’s first television broadcast partnership in Canada and a milestone in the company’s expansion into the market.

Powered by Aquimo’s innovative technology platform, Sportsnet Slap Shot Showdown will allow fans to engage with live hockey broadcasts in an entirely new way while watching their favorite teams compete on ice. Aquimo’s proprietary mobile tech enables millions of fans to play together in real-time, seamlessly integrating branded experiences into live broadcasts. For broadcasters like Sportsnet, Aquimo’s platform provides tools to boost audience retention, foster loyalty, and create measurable value for brand sponsors through a highly engaging second screen experience.

Beginning this month, fans watching Hockey Night in Canada on Sportsnet can join the action by simply scanning a QR code displayed on-screen during each live broadcast, allowing them to test their hockey skills in dynamic challenges against fellow viewers. Throughout the month of December, players can stay engaged well beyond the live broadcasts, competing for weekly prizes and a chance at the top grand prizes. This innovative collaboration merges the thrill of live hockey with the excitement of competitive gaming, delivering an unparalleled viewing experience for fans while creating unique opportunities for advertisers to connect with Sportsnet’s engaged audience.

Fans can look out for the launch of Sportsnet Slap Shot Showdown during the following Toronto Maple Leafs games, as part of Hockey Night in Canada on Sportsnet beginning at 6:30p.m. Eastern:

  • December 7: Toronto Maple Leafs @ Pittsburgh Penguins
  • December 14: Toronto Maple Leafs @ Detroit Red Wings
  • December 21: New York Islanders @ Toronto Maple Leafs
  • December 28: Washington Capitals @ Toronto Maple Leafs

Fans participating during each live broadcast will have access to exclusive challenges and the opportunity to win weekly prizes, made possible by Sportsnet’s brand partners. Weekly top two eligible high scorers can look forward to winning special rewards including Shark/Ninja Game Night Packs consisting of a sushi maker, vacuum, indoor grill and a cooler, or $250 Today’s Shopping Choice gift cards, adding to the game-day experience and excitement on the ice. Throughout December, players can continue competing in multiple games to climb the leaderboard, culminating in the awarding of two grand prizes. The top scorer across all games at the end of the month will win a 2025 Hyundai Kona, while the second grand prize winner will be chosen via a random drawing at the end of the month and will receive a year’s supply of coffee from Tim Hortons. All participating fans will automatically be entered into the drawing.

This partnership highlights the growing demand for interactive, audience-driven experiences in live sports broadcasting. For Aquimo, the partnership represents a significant step forward in its mission to revolutionize fan engagement on a global scale. As its first broadcast partnership in the Canadian market, this activation demonstrates the company’s ability to tailor its platform to meet the needs of broadcasters and brands, while delivering a best-in-class experience for fans. For Sportsnet, it underscores the network’s commitment to innovation and its leadership in delivering exceptional hockey coverage. Together, the two companies are setting a new benchmark for fan participation, creating a win-win for fans, broadcasters, and brand partners alike. 

To play the Sportsnet Slap Shot Showdown visit rtvsn.live and to learn more about Aquimo visit aquimo.com .

2025 Technology Predictions From Hammerspace

Posted in Commentary with tags on December 6, 2024 by itnerd

Molly Presley, SVP of Global Marketing at Hammerspace, is sharing her insightful technology predictions regarding key trends in data management, storage and AI for 2025.

GPU-Centric Data Orchestration Becomes Top Priority

As we head into 2025, one of the challenges in AI and machine learning (ML) architectures continues to be the efficient movement of data to and between GPUs, particularly remote GPUs. GPU access is becoming a critical architectural concern as companies scale their AI/ML workloads across distributed systems. Traditional data orchestration solutions, while valuable, are increasingly inadequate for the demands of GPU-accelerated computing.

The bottleneck isn’t just about managing data flow—it’s specifically about optimizing the transport of data to GPUs, often to remote locations, to support high-performance computing (HPC) and advanced AI models. As a result, the industry will see a surge in innovation around GPU-centric data orchestration solutions. These new systems will focus on minimizing latency, maximizing bandwidth, and ensuring that data can seamlessly move across local and remote GPUs.

Companies already recognize this as a key issue and are pushing for a rethinking of how they handle data pipelines in GPU-heavy architectures. Expect to see increasing investment in technologies that streamline data movement, prioritize hardware efficiency, and enable scalable AI models that can thrive in distributed and GPU-driven environments.

Breaking Down Data Silos Will Become a Central Focus for AI and Data Architects

In 2025, breaking down data silos will emerge as a critical architectural concern for data engineers and AI architects. The ability to aggregate and unify disparate data sets across organizations will be essential for driving advanced analytics, AI, and machine learning initiatives. As the volume and diversity of data sources continue to grow, overcoming these silos will be crucial for enabling the holistic insights and decision-making that modern AI systems demand.

The focus will shift from the infrastructure toward the seamless integration of data across various platforms, teams, and geographies. The goal will be to create an ecosystem where data is easily accessible, shareable, and actionable across all domains. Expect to see new tools and frameworks aimed at simplifying data integration and fostering greater collaboration across traditionally siloed environments.

Enterprise HPC Must Align with Standardized Technologies for Unstructured Data Processing

By 2025, medium to large enterprises will face a pivotal challenge: integrating high-performance computing (HPC) for unstructured data processing while adhering to enterprise standards. As organizations increasingly rely on AI and data analytics to gain a competitive edge, the need to process vast amounts of unstructured data—like text, images, and video—will be unavoidable. However, enterprises have long struggled to adopt HPC at scale due to the complexities of reconciling specialized HPC technologies with enterprise requirements for security, compliance, and operational standards.

The solution lies in the development of HPC technologies designed to work within enterprise-standard environments. In 2025, we expect to see the rise of enterprise-ready HPC solutions that seamlessly integrate with standard clients, operating systems, networks, and security frameworks. This convergence will enable organizations to finally leverage HPC for large-scale unstructured data processing without compromising on enterprise security, compliance, or performance standards.

Power Efficiency in 2025: Fueling Growth, Innovation, and Green Initiatives

In 2025, power efficiency will be driven by financial and environmental imperatives as well as the desire to have the power to have more compute available for data analytics and AI. Companies will increasingly focus on optimizing energy use, not just to meet green initiatives but to unlock the computational power needed for intensive GPU workloads. This shift goes beyond the surface-level appeal of sustainability. Power efficiency will become a strategic advantage, enabling businesses to save on operational costs while expanding their computational capabilities. As an added benefit, organizations will be able to meet their green goals, creating a win-win situation: enhanced profitability alongside a reduced environmental footprint.

In this landscape, energy-efficient data storage and management infrastructure won’t just make companies look good—it will become a critical enabler for growth and innovation, positioning them at the forefront of both technological and environmental progress.

2025: The Rise of Collaborative Global Namespaces

In 2025, the importance of how companies manage global namespaces will reshape data-handling strategies across the industry. Not all global namespaces will be created equal: some will offer only read-only capabilities, while others will enable active read-write functionality. While having a single view of your data sounds efficient, its true value lies in the ability to act on that data seamlessly. If teams can’t collaborate in real time on a single dataset without creating multiple copies that require complex merging, it defeats the purpose of streamlined data management.

The challenge of copy proliferation — where multiple users create their own versions of the same dataset for individual read-write tasks — can introduce inefficiencies, silos, and data inconsistencies. As companies look to build more collaborative, efficient data environments, they will need to prioritize implementing global namespaces that not only allow for unified data views but also support active read-write capabilities. In this way, businesses can avoid data fragmentation while enabling seamless collaboration, making their data infrastructure both elegant and functional for modern workloads.

GPU Demand Soars, but AI Adoption has Companies Rethink Resource Allocation

As we enter 2025, the AI industry faces an unexpected situation: there’s a huge demand for GPUs worldwide, yet many of these powerful chips aren’t being fully used. While companies invested heavily in GPU-based infrastructure, many continue to struggle to apply these chips to AI workloads, instead redirecting them toward non-AI applications. The expected AI-driven boom remains slower than anticipated.

We will continue to see companies be more selective with GPU allocations, as companies focus on areas where the impact of AI in areas like data analytics and cloud computing enhancements – rather than emerging AI initiatives. Additionally, as developers become more resource-conscious, the focus on optimizing algorithms for available hardware, leveraging CPU-bound AI, and adopting hybrid approaches could become central trends. Ultimately, 2025 may be a year that companies adapt to both the technical and logistical challenges of realizing AI’s potential.

Meeten Malware – Cross-platform threat to crypto wallets on macOS and windows

Posted in Commentary with tags on December 6, 2024 by itnerd

Cado Security has revealed that its researchers have identified a new Realst information stealer campaign being spread through a fake video call company. Users are tricked into downloading the software as part of a widespread scam, using AI to enhance their credibility.

The threat actors behind this campaign set up fake websites that cycle through different names, going as far as to create social media accounts and AI generated content and blog posts. The company reaches out to targets to set up a video call, prompting the user to download the meeting application from the website, which is Realst info stealer. 

You can read Cado’s blog post on the topic here.

Sage report reveals $789 billion green finance opportunity for SMEs

Posted in Commentary with tags on December 5, 2024 by itnerd

Sage, the leader in accounting, financial, HR, and payroll technology for small and medium-sized businesses (SMBs), has today launched ‘Unlocking Sustainable Finance for SMEs’ — a global report which exposes a gap between SMEs’ sustainability ambition and their ability to take action, preventing them from accessing vital green finance needed to drive their initiatives.

Created in partnership with the International Chamber of Commerce (ICC), the report highlights that while 86 % of SMEs say that sustainability is important to their business, only 9.1 % formally report on their impact, citing complex reporting requirements as a major roadblock (74 %).

The data revealed a “virtuous circle” between sustainability reporting, green finance and climate action – SMEs that report on their impact are then more likely to secure funding to become more sustainable, which in turn, helps them take further steps towards net-zero. This would also help financial institutions who say data challenges are a huge barrier to offering green loans (84 %). Currently, however, only 1.2 % of SMEs are leveraging this virtuous circle to grow sustainably.

Sage and ICC are launching this report at COP29 in Baku, urging global decision-makers to bridge the gap between SMEs’ growing sustainability ambitions and their ability to act, by calling for simplified reporting standards and access to green finance. To fully unlock the potential of SMEs in combating climate change, Sage calls on governments, financial institutions and technology partners to:

  • Simplify sustainability reporting – Implement proportionate and streamlined reporting standards tailored to SMEs, making it easier for them to access green finance.
  • Expand access to digital tools – Equip SMEs with affordable, automated tools to track emissions and streamline reporting.
  • Increase financial incentives – Offer tax credits, grants, and favourable loan terms to motivate SMEs to measure their environmental impacts and invest in sustainable practices.

The report also found :

  • Interest and engagement with climate change is fast rising. 86 % of SMEs state that sustainability is crucial to their business, up from 83 % last year, and 72 % believe they can contribute to tackling climate change. However, only 63 % are currently taking steps to reduce their environmental impact.
  • Action is growing but at a much slower pace. 68 % of SMEs say the cost of implementing sustainability initiatives is too high, and 67 % cite time constraints. These barriers are growing rather than decreasing, slowing down climate action.
  • Finance is key to unlocking more action. 89 % of SMEs that secured green finance say it was crucial to their sustainability efforts, but only 19 % have considered external financing for environmental initiatives.
  • SMEs are looking to technology to help bridge the gap between intention and action. 73 % of SMEs are concerned about the upfront costs of sustainability reporting, and 66 % are worried about its complexity. However, 65 % believe digital tools could help simplify the process and unlock the benefits of green finance.

Read and download the full Unlocking Sustainable Finance for SMEs report.

Read more about Sage’s sustainability efforts, including its Sustainability and Society strategy.

Methodology

This report is based on a global online survey conducted with business founders, owners, and senior managers in decision-making roles related to sustainability, finance, or operations. The survey, which has successfully run for COP27 and COP28, includes participants from leading markets and Sage Markets, with a specific focus on SMEs. Data collection was carried out via an online questionnaire, targeting businesses with fewer than 250 employees. The target markets include the UK, US, Canada, Australia, Germany, France, Spain, Poland, Brazil, South Africa, Thailand, Kenya, and Azerbaijan.

The survey gathered responses from a total sample of approximately 5,000 SMEs across these markets. A deep dive was conducted with a sub-sample of 1,000 SMEs, specifically targeting businesses already engaged in environmental reporting. This sample was also increased to include medium-sized enterprises (up to 1,000 employees) for more comprehensive insights.

Country Breakdown: Canada

Canada: Canadian SMEs Drive Sustainability with a Focus on Local Environmental Impact

Canadian SMEs are highly committed to sustainability, with a resounding belief that sustainability is important to their business. Many Canadian SMEs have sought green financing and believe that reporting is key to obtaining this financing. 

Key data points for Canadian SME sustainability:

  • 76% of Canadian SMEs have a sustainability policy.
  • 69% believe sustainability is “central” or “important” to their business.
  • 44% of Canadian SMEs report cost as the highest barrier to making their business more sustainable 
  • 81% have plans to improve their environmental impact over the next few years
  • 51% are adopting renewable energy sources, with 42% achieving this goal entirely
  • 63% of Canadian SMEs report a “very high” or “high” understanding of climate change
  • 68% believe their business can play a “very significant” or “somewhat significant” role in combating climate change
  • 69% of Canadian SMEs have a sustainability reporting system in place
  • 73% of Canadian SMEs believe that reporting will make them either “very” or “somewhat” attractive to lenders or investors
  • 54% of Canadian SMEs have sought green financing options
  • 82% believe that their sustainability reporting was helpful in accessing green finance opportunities
  • 37% report that their required reporting to access green financing was “detailed and informal”
  • 69% of Canadian SMEs would be “very” or “somewhat” likely to increase their sustainability action if they had easier access to sustainable financing

Key differences:

  • Canadian SMEs report cost as the highest barrier to making their business more sustainable (44%), second only to Spain  (45%)
  • Canadian SMEs, more so than global peers, report that their required reporting to access green financing was “detailed and informal”
  • Canadian SMEs are on par with peers in a strong belief that they can play a role in climate change, and that green financing would greatly increase their likelihood to take action in their environmental initiatives

Alleged FSB Spyware Found on Russian Programmer’s Android Phone

Posted in Commentary with tags , on December 5, 2024 by itnerd

Here’s some interesting reading for you. A Russian programmer has made the claim that FSB agents planted spyware on his Android phone:

A programmer said the Russian Federal Security Service (FSB) installed spyware on his Android phone after he was detained in Moscow earlier this year. Security researchers confirmed that his phone had spyware installed, likely when the authorities had physical access to his phone and had forced him to give up his passcode. 

For the programmer Kirill Parubets, it was a terrifying and traumatic ordeal. But thanks to his computer expertise and vigilance, his story offers a rare first-hand account of Russian authorities deploying spyware on one of its citizens — not by using a technically advanced remote hacking attack, but with a more crude approach. 

I encourage you to read the whole story as it really will open your eyes.  Ken Westin, Sr. Solutions Engineer, LimaCharlie has an opinion on this incident:

“If a device is confiscated by an authoritarian regime, there is a very good chance it has been compromised. When they have physical access to the device it is much easier to compromise, as you are not relying on remote exploitation of the device. There are many more methods to compromise a device when it is connected to a cable. Also, not having to crack the password, as they can get it by intimidating and even beating the target into providing it, makes the process even easier. Many companies have security polices to bring “burner” devices to certain countries for this reason. If a device is confiscated temporarily or left in a hotel room, the likelihood of it being compromised due to spies having physical access increases substantially.”

I think that this story serves as a cautionary tale as to what can happen when you lose control of your devices. Which means that you should do the best that you can to ensure that you’re not placed in this sort of situation.