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Got Tech News, Product Launch, Press Release or Articles? We Want Them Here – Email Us

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Tekedia Editors
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We are constantly looking for news and articles, product launch and press releases. We do not care if they are advertorial provided the products or services will add value to our readers. Tekedia is growing and we thank you for the support. Please continue to visit Tekedia.

 

We will post in your name and can even create an account for you if you post regularly. Our editors will ensure that you get noticed for your works and it will come with Byline of “your name”. Our speed is very high and we can get the article in Tekedia within hours.

 

Our highest page view day is 4616 views.  Readers are diverse and we are seeing increased links to our contents. So, if you contribute here, you will surely be noticed.

 

Send your contents to tekedia@fasmicro.com

 

Finally, if you are not the writing type and like quick and short comments, we have a forum. The purpose of the forum is to help us mine data and write posts in areas that people care. It is our barometer to gauge the moment. You can spend few minutes and share your perspectives, anonymously. We summarize at the end of the week key ideas raised in the Tekedia Innovation Forum.

 

 

 

Amazon Cloud Outage – The Risk Side of Cloud. Build Critical Operations In-House

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Tekedia Editors
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Few days ago when we had hosting issue, we wrote a piece, titled, Be Careful With Cloud Services – When Problems Hit, You Are Helpless.

 

Most people have since figured out that cloud based operations are good – savings in cost and outsourcing of IT operations, at least those ones in the cloud. But cloud operation also carries major risks.

 

Amazon cloud systems have proved many of us right. According to CNN, Amazon EC2 cloud product had  some problems preventing some companies from operating at full capacities yesterday.

 

A rare and major outage of Amazon’s cloud-based Web service on Thursday took down a plethora of other online sites, including Reddit, HootSuite, Foursquare and Quora.

 

The outages began Thursday morning just before 5 a.m. ET and were still ongoing more than 12 hours later. In a series of running updates on its Web services “Health Dashboard,” Amazon described its efforts to recover from the cascade of problems kicked off by an early-morning “networking event.”

 

Amazon (AMZN, Fortune 500) hosts many major websites on its web servers through a service called EC2. The “elastic” infrastructure model is designed to scale up automatically to handle giant traffic spikes — the kind Amazon gets every year during its December e-commerce rush.

 

The lesson is simple – do not give your business to the cloud. You must hold some parts internal- especially the most critical ones. You cannot afford for crises to come and you become powerless and resort to just calling a phone. Cloud is good, but it can take a business out of operations within hours. If you are a financial institution, build an internal backup that can keep you working in case there are some problems. You need to be in charge of your critical infrastructure, irrespective of the cost savings. Amazon has just educated us on the risk side of cloud today.

 

 

photo credit/ CNN

 

Tekedia Innovation Forum – Join The Conversation. Top Prizes N10k/month

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Tekedia Editors
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We invite you to join the conversation in Tekedia Innovation Forum . Prizes are as follows:

Highest Commenter Prize

Every month – the  top poster will be announced and you will go to our Lagos Office and collect N10,000 cash. If not living in Lagos or Owerri, we pay into your account. Check our address at Fasmicro website (our parent company).  We will contact you and also announce it (only your username) in the Forum. You need at least 30 comments to qualify every month.

 

Topic with Highest Comments Prize

The Topic needs at least 30 comments to qualify. We award to the person that started the topic. So, if you start a topic that brings better comments, you get rewarded.  You will be paid the same N10,000 per month as described above.

 

The month of April 2011 is already gone, we are not going to award anything for it. Rather, we will aggregate April and May for these prizes. Subsequent months will  run on themselves – the first day starts on the 1st of every month (0.01am) to 11.59pm Nigerian time of the month. This promotion is ongoing.

 

www.tekedia.com/forum

CBN Governor Listed in TIME Magazine 100 Most Influential People

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Tekedia Editors
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Congratulations Mr. Governor!

 

The following is from Time Magazine, naming Mr Lamido Sanusi as one of its most influential people.

 

The story of Nigeria’s first half-century of Independence is a tale of wasted potential: sub-Saharan Africa’s most populous country, home to its biggest oil riches, impoverished by thieving autocrats. A key reason a new Nigeria no longer seems fanciful is Central Bank governor Lamido Sanusi.

 

A veteran of an often corrupt banking industry, Sanusi, 49, took up his position at the height of the financial crisis in June 2009 and immediately turned on his former peers. He took over nine banks, sacked the chief executives of eight of them, ordered a series of mergers and named their biggest debtors. He was, he said, cleaning up not just banking but all Nigeria. Sanusi’s will be a long fight and a dangerous one: death threats have obliged him to employ armed guards. But it is also essential for Africa’s sleeping giant to finally awaken.

Read more:

Social Media – Which Nigerian Firm Can Make It to Nigerian Stock Exchange? Without Public Exit, Investors Become Lukewarm to Investing in the Nation

By
Tekedia Editors
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Nigeria does not have much success in keeping wholly indigenous technology firms in the stock market, for long, unless you include local variants of the oil giants and conglomerates as ones. But when it comes to truly home grown companies, statistics are not that great. Japaul – an oil company did get there, but over the years is trying to stay there as everyone does, we must add.

 

In the ICT sector, Omatek Computers proved very successful. It went public and is still there – yes, the stock is struggling and who is not? But that is still a well funded company since it takes a lot of resources to get a hardware company like Omatek to get off the ground.

 

But in the core social media and mobility, which company will be successful to get to the stock market could be cloudy. The reason being that few are indeed been funded very well.  With all the many firms in Lagos, Pagatech appears very promising if it can execute on its mobile payment. It is well funded and can easily scale to the level that will enable it to be admitted into the stock market.

 

Yet, Pagatech has got a lot of funding from outside Nigeria. From Draper to venture funds, this company is highly externally funded.  So, it is in another league.

 

Other startups are not lucky in Lagos as access to capital is still limited. How many social media firms that will mature to stock market is something one cannot predict because Nigeria does not have a good history of nurturing technology companies to stardom. And without that, investors do not see exit paths and that stifles the risk appetite to even invest in the nation. Until that exit pathway is developed, attracting funding into the market could be difficult.

 

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