Real US debt levels could be 2,000% of economy, a Wall Street report suggests

CNBC | September 09, 2019

Total potential debt for the U.S. by one all-encompassing measure is running close to 2,000% of GDP, according to an analysis that suggests danger but also cautions against reading too much into the level. AB Bernstein came up with the calculation — 1,832%, to be exact — by including not only traditional levels of public debt like bonds but also financial debt and all its complexities as well as future obligations for so-called entitlement programs like Social Security, Medicare and public pensions.

Spotlight

Casey Coleman, CIO at the General Services Administration, shares how the federal government can better embrace technology in this FedScoop interview.

Spotlight

Casey Coleman, CIO at the General Services Administration, shares how the federal government can better embrace technology in this FedScoop interview.

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GOVERNMENT BUSINESS

N2WS and DLT Solutions Partner to Bring Enterprise Data Protection for Amazon Web Services to the Public Sector

N2W Software | February 24, 2021

N2WS (N2W Software), a pioneer in reinforcement and fiasco recuperation for Amazon Web Services (AWS), today announced it has signed a concurrence with DLT Solutions, a completely possessed auxiliary of Tech Data and a head government innovation solutions aggregator. The partnership will additionally solidify N2WS's obligation to the public area, improves on acquisition and allows DLT's to channel partners profit by the full arrangement of N2WS abilities. "Many public sector organizations rely on N2WS Backup & Recovery to keep their systems available," said Ohad Kritz, chief executive officer, N2WS. "Our collaboration with DLT empowers channel partners to leverage DLT's industry expertise, and N2WS solutions, to easily protect large deployments while retaining full data sovereignty and governance." As open area associations move to the cloud, they are tested with overseeing complex responsibilities with exacting recuperation time objective (RTO), consistence and data sway necessities. With N2WS Backup and Recovery they can serenely meet these goals and influence incredible mechanization abilities to keep touchy data secure and accessible. "As cloud adoption accelerates across the public sector, organizations must be confident that critical data is secure and any downtime is mitigated in near real time," said Chris Wilkinson, president, DLT Solutions, a Tech Data company. "The addition of N2WS Backup & Recovery to DLT's portfolio provides our channel partners, and their government and education customers, with a cloud-first tool that provides improved data visibility and is flexible, cost-effective and secure." About DLT Solutions DLT Solutions is a wholly owned subsidiary of Tech Data, the world's leading end-to-end distributor of technology products, services and solutions. DLT is the premier government solutions aggregator that specializes in understanding the IT needs of the federal, state, local and education markets. We help simplify the process for independent software vendors, federal systems integrators and value-added resellers doing business in the public sector. Leveraging Tech Data's end-to-end portfolio, an extensive array of public sector contract vehicles, and dedicated channel and enablement services, DLT provides government agencies and channel partners with the means to rapidly and cost effectively transform technology to achieve mission success.

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GOVERNMENT BUSINESS

Kraken Awarded Robotics as a Service (RaaS) Contract from Government of Canada

Kraken Robotics Inc. | October 25, 2021

Kraken Robotics Inc. , Canada’s Ocean Company™, is pleased to announce that it has signed a Robotics as a Service (RaaS) contract with the Canadian government for testing of Kraken’s ultra-high resolution survey equipment with the Royal Canadian Navy (RCN). This $0.5 million contract is funded under the Canadian government’s Innovative Solutions Canada program, and the testing department for this service offering is the RCN’s Fleet Diving Unit Atlantic (FDU-A) based in Halifax, Nova Scotia. The RCN has a mandate to develop and maintain an advanced sonar imaging and data storage capability for all three coasts, and to deploy this capability to national and international areas of interest. Under the contract, Kraken will deploy its KATFISH™ towed SAS sonar system and will integrate a Kraken Light Weight SAS (LW-SAS) onboard a Hydroid REMUS 100 Autonomous Underwater Vehicle (AUV) owned by FDU-A. This contract will be completed by March 31, 2022. Augmenting the RCN’s Current Capabilities This contract will provide the RCN FDU-A access to cutting edge technology and high-resolution seabed data. FDU-A uses a number of different seabed imaging sonar solutions for their various mission requirements, including Towed Sonars Systems (typically deployed from a Kingston-class MCDV vessel, with a crew of 40 persons), and Light Weight Sonar Systems (typically deployed from REMUS-class AUVs). Kraken’s RaaS service can augment FDU-A’s existing capabilities, by providing them with significantly better data, at a much lower cost, and leveraging continuously improving capabilities. The contract involves testing the Kraken RaaS capability in two configurations: Towed KATFISH™ Synthetic Aperture Sonar (SAS) system, deployed on a Surface Vessel of Opportunity (the R/V Ocean Seeker). This could also be tested onboard an RCN Asset (such as the Kingston-class MCDV). One purpose of the test is to show that in combination with RaaS, vessels of opportunity can also be used at a lower cost and higher availability to augment the RCN's capabilities. Untethered Light Weight SAS system, deployed on an RCN Underwater Vessel of Opportunity (REMUS 100 AUV), and tested with the KATFISH™ system above. A purpose of this test is to show that RaaS can be quickly added to existing RCN assets, to augment their capabilities. Benefits to the Navies Kraken believes its RaaS offering could provide significant benefits to other navies around the world. With Kraken RaaS, navies can access cutting edge technology “as needed”, without concern for equipment obsolescence, life cycle costs, or operator skill fade. As it relates specifically to the RCN, Kraken RaaS offers many advantages: Both RCN operating bases, MARLANT (Maritime Forces Atlantic) and MARPAC (Maritime Forces Pacific) are mandated to maintain Q-routes (safe passage lanes along the coasts and into designated harbors, of Canadian waters) on an annual basis. These surveys take a significant amount of time with current RCN technology due to image quality and speed of current towed bodies. Kraken’s technology would greatly enhance the image quality and reduce the time of the surveys significantly due to the advance in state-of-the-art technology. Kraken’s technology can be deployed to assist the RCN in mapping areas of interest ahead of regular exercises and operations, with the image quality required to enable change detection and optimize revisit rates. This has the potential to provide the RCN with a competitive edge for detecting bottom objects in complex seabeds. Kraken’s technology and service application can augment route survey activities while simultaneously supporting near shore hydrographic mapping and charting requirements on an annual basis with high-definition resolution, freeing up valuable Navy assets for other mission critical functions CEO Comments Commenting on this contract, Karl Kenny, Kraken President and CEO noted, “Kraken is excited to be able to offer RaaS to the RCN as an “Early Adopter” to augment existing RCN Route Survey with a Service offering based on the latest SAS technology available. Kraken seeks to offer our Robotics as a Service globally, in particular to other NATO allies, and this contract for the RCN’s evaluation will serve as an excellent reference. The RCN’s objective comparison of the data from our RaaS offering against legacy sonar data will provide demonstrative evidence of the superior image resolution and accuracy of Kraken survey data.” ABOUT KRAKEN ROBOTICS INC. Kraken Robotics Inc. (TSX.V:PNG) (OTCQB: KRKNF) is a marine technology company dedicated to the production and sale of software-centric sensors, subsea batteries and thrusters, and underwater robotic systems. The company is headquartered in Newfoundland with offices in Canada, U.S., Germany, Denmark, and Brazil. In July 2021, Kraken acquired PanGeo Subsea, a leading services company specializing in high-resolution 3D acoustic imaging solutions for the sub-seabed. PanGeo with offices in Canada, the United States and the United Kingdom is now a wholly owned subsidiary of Kraken. Kraken is ranked as a Top 100 marine technology company by Marine Technology Reporter.

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GOVERNMENT BUSINESS

Splunk Launches Logging Modernization Program to Help U.S. Government Meet Cybersecurity Requirements

Splunk | October 20, 2021

Splunk Inc. a data platform leader, today announced the Government Logging Modernization Program, which is designed to help Federal government agencies meet the requirements of cyber incident response per Executive Order and guidance included in OMB M-21-31 under the Biden Administration. Splunk is offering significant discounts across cloud computing, data storage, software and professional services to support this new initiative and help strengthen the security posture of the United States. There are three key areas the Administration’s mandate requires. Agencies must 1) capture and store log data for 30 months, 2) standardize the logging process in order to analyze and conduct the forensics necessary to detect cyber attacks, and 3) become compliant with the first tier of a new enterprise event logging maturity model by August 2022. To support this mission, Splunk is providing the following as part of its Government Logging Modernization Program: New Splunk Cloud FedRAMP Packages & compelling programmatic pricing exclusive to Federal Agencies - helping to lower cost, accelerate compliance, and improve cybersecurity resilience; Expanded storage options with lowered costs, enabling customers to accelerate investigative and remediation capabilities through enterprise log retention; Comprehensive Splunk Cloud FedRAMP migration assessment and customized services to help agencies rapidly modernize their logging program; and Assigned Security Expert services to guide our customers through the cloud maturity path and help agencies navigate the requirements outlined in logging maturity model stages EL0-EL3. Government agencies can more easily comply with the Executive Order by leveraging the Splunk Cloud Platform which provides a unified view of all data, making it simple to investigate, monitor, analyze, and act with ease for enhanced security and operational efficiency. Splunk's built-in framework streamlines the process and allows federal agencies to focus on the mission and move quickly to meet the aggressive timelines defined by the Executive Order. With a vast and growing amount of data, government agencies must take a tiered approach to their data strategy to help them with the new data storage requirements. Splunk's pricing is unique to the market, assisting agencies in classifying the data and store based on value, and then shifting data as needed. "Government agencies are under immense pressure to comply with the administration's new cybersecurity mandate. Given Splunk's deep commitment to the public sector, we've decided to commit resources that help them meet the new requirements quickly. When it comes to improving our nation's cybersecurity posture, reliable and secure enterprise logging is a critical step toward gaining visibility across a multi-layered environment, and Splunk is the leader in that category.” Teresa Carlson, President and Chief Growth Officer Splunk helps public sector organizations gain objective insights from data to make confident decisions and take action at the speed a mission demands. Thousands of public sector agencies worldwide are leveraging Splunk. About Splunk Inc. Splunk Inc. helps organizations around the world turn data into doing. Splunk technology is designed to investigate, monitor, analyze and act on data at any scale.

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