SAAS - Tech Insight https://techinsight.net Our mission is to keep you informed about the latest developments, trends, and breakthroughs in the tech world, from cutting-edge gadgets and groundbreaking software innovations to cybersecurity and artificial intelligence advancements. Tue, 21 Nov 2023 13:45:26 +0000 en-US hourly 1 https://techinsight.net/wp-content/uploads/sites/7/2023/06/cropped-tech-insight-favicon.fw_-1-32x32.png SAAS - Tech Insight https://techinsight.net 32 32 SAP & Mercedes-AMG F1 Team Unite for High-Tech Racing Revolution https://techinsight.net/cloud-edge/sap-mercedes-amg-f1-team-unite-for-high-tech-racing-revolution/ https://techinsight.net/cloud-edge/sap-mercedes-amg-f1-team-unite-for-high-tech-racing-revolution/#respond Tue, 21 Nov 2023 13:45:26 +0000 https://techinsight.net/?p=16532 Introduction to the Partnership In an exciting development for the world of motorsports, SAP SE has announced a groundbreaking partnership with the Mercedes-AMG PETRONAS F1 Team. Beginning in 2024, this collaboration is set to revolutionize the Formula One landscape by integrating advanced AI and cloud solutions to enhance operational efficiency and data-driven decision-making. This SAP […]

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Introduction to the Partnership

In an exciting development for the world of motorsports, SAP SE has announced a groundbreaking partnership with the Mercedes-AMG PETRONAS F1 Team. Beginning in 2024, this collaboration is set to revolutionize the Formula One landscape by integrating advanced AI and cloud solutions to enhance operational efficiency and data-driven decision-making. This SAP Mercedes-AMG F1 partnership heralds a new era of technological innovation in one of the most challenging and dynamic sports globally.

The Role of SAP’s Technology in F1 Racing

SAP’s cutting-edge S/4HANA Cloud, private edition, serves as the technological backbone of this initiative. The focus is on exploiting AI and cloud solutions to optimize the team’s decision-making processes, resource management, and IT infrastructure. The Mercedes-AMG PETRONAS F1 Team will utilize these tools for real-time data analysis, predicting outcomes, and fine-tuning their race strategies to gain a competitive edge.

Efficiency and Cost Management Strategies

A key aspect of this partnership is mastering the cost-cap challenge in Formula One. The cost cap is a regulatory limit on team spending, essential for maintaining a level playing field. SAP’s S/4HANA Finance solution will play a pivotal role in efficiently allocating resources and forecasting costs. Julia White, SAP SE Executive Board Member, emphasizes the significance of this collaboration: “Formula One is one of the most technologically innovative sports in the world… SAP is proud to partner with the Mercedes-AMG PETRONAS F1 Team to make sure its operations are as fine-tuned as its cars.”

Behind-the-Scenes: SAP’s Impact Beyond the Racetrack

Beyond race-day performance, SAP’s technology will streamline the Mercedes-AMG PETRONAS F1 Team’s backend operations. This includes optimizing the supply chain, reducing lead times for critical components, and ensuring a seamless flow of parts during race weekends. Toto Wolff, CEO and Team Principal of the Mercedes-AMG PETRONAS F1 Team, expressed his enthusiasm: “We have a shared heritage and commitment to innovation and improvement, which will meaningfully contribute to our on-track performance.”

A Vision for Future Automotive Innovations

This partnership is more than a collaboration between two industry leaders; it’s a blueprint for the future of the automotive sector. Formula One has always been a testing ground for automotive innovation, and the SAP Mercedes-AMG F1 partnership promises to yield advancements that will benefit the broader industry and SAP’s global clientele.


Conclusion

The SAP Mercedes-AMG F1 partnership marks a significant milestone in the convergence of technology and motorsports. By harnessing the power of AI and cloud computing, this alliance is set to redefine what’s possible in the high-octane world of Formula One racing. As we anticipate the innovations and achievements that will stem from this collaboration, we invite our readers to share their thoughts and insights on this exciting development. How do you think technology will continue to shape the future of motorsports? Join the conversation in the comments section below.

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OneLogin: Another One Bites the Dust https://techinsight.net/cloud-edge/cloud/onelogin-another-one-bites-dust/ https://techinsight.net/cloud-edge/cloud/onelogin-another-one-bites-dust/#respond Sun, 05 Mar 2023 17:09:42 +0000 https://techinsight.net/2017/06/another-one-bites-dust/ The 1980 Queen hit ‘Another One Bites the Dust’ was an anthem for the 80s generation. But it also happens to describe security systems nearly 40 years later. After the massive ransomware attack last week (‘WannaCry’), and Android iOS breach (‘Judy’), another critical breach has been reported by the access management service (AMS) OneLogin. OneLogin […]

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The 1980 Queen hit ‘Another One Bites the Dust’ was an anthem for the 80s generation. But it also happens to describe security systems nearly 40 years later. After the massive ransomware attack last week (‘WannaCry’), and Android iOS breach (‘Judy’), another critical breach has been reported by the access management service (AMS) OneLogin.

OneLogin is a major player in the AMS service field. They provide password management for enterprise level clientele. The service is helpful for this client base because it provides a single sign on (SSO) cloud solution for ease and greater levels of security. Their client list is impressive – AAA, Yelp, and Dell, to name a few. Their open source tool kits are being used by more than three hundred venders and seventy software-as-a-service (SaaS) vendors worldwide.

With all this corporate access information, no wonder OneLogin is a target for high-level hacking. Yesterday the company announced that a major malicious attack had occurred on their US operations. The attacker was able to access the AWS API and create a number of instances within the infrastructure. The hacker had seven hours of uninterrupted access.

The company is still determining the extent of the breach, but in their announcement did indicate that some very major events had happened. It appears that the attacker was able to access information about the company’s users including various types of keys, and, far more concerning, was able to decrypt data that was at rest within the archives. This means that the actor was able to find access to the highest level of security, and that OneLogin had apparently left a gaping hole in their system, allowing for a breach of end to end encryption. This sort of breach indicates a substantial concern within the OneLogin system that will raise attention at the highest levels.

The company has provided a guide for securing data that has been breached, which, no doubt, was the task of a substantial part of the corporate IT world this morning. However, the guide simply provides 11 steps to recreating security for breached data, but this does not mean that the hacker, with seven hours of access, has not already obtained and decrypted whatever data was present. At the enterprise level, this is the equivalent of breaking into the CEO’s office and rifling through his desk and personal files for 7 hours. It’s not good.

This is not the first attack on OneLogin.  A previous hack had compromised a substantial amount of data, but encryption was never broken. This current attack has led some in the security world to question how to best secure high level corporate data, given the increasing level of hacker ability. Companies would be wise to be researching different methodologies (both in house and third party), and identifying deeper levels of security risk than the home page of the company offers. OneLogin is a high level security system, and such a hack should make other IT professionals question where safety is even possible at this point. As the Queen ballad reminds us, no one is safe.

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