Tech valuations could get worse. Why we’re optimistic

TheCUBE Breaking Analysis + upcoming episodes [Tech valuations could get worse. Here’s why we’re still optimistic]( 2022 has been an epically bad year in the market, according to industry analyst Dave Vellante in this week’s Breaking Analysis column, "[Tech valuations could get worse: Here’s why we’re still optimistic]( High and sticky inflation, layoffs at big-name firms, and a struggling retail sector paint a familiar picture: But it’s not Y2K all over again, according to Vellante. “That bubble burst mainly because the run-up was fueled by companies with shaky or no viable business models. This time around we’ve seen an overly exuberant market for high growth and legitimately good companies that got a slingshot effect from the pandemic,” he states. While tech stocks are falling after two years of riding high, theCUBE’s industry analysts have encountered an air of optimism at [the major technology conferences]( have attended over the past two months. Holding in-depth conversations with a diverse cross-section of the enterprise technology community gives them a wider view of what’s going on in the ecosystem than most, and they report an air of optimism about the future. “In enterprise tech, we’re seeing double-digit order rates, we’re seeing strong, strong demand,” Crawford Del Prete, chief executive of International Data Corp., [told Vellante]( during HPE Discover 2022.  Summarizing the major themes theCUBE encountered in the first half of 2022, Vellante discusses the evolution of the data stack to prioritize money, the rise of supercloud, the impact of machine learning, the fragmentized edge, and how data protection and security are blending. And while conferences come and go, the underlying trend is constant, according to Vellante: “It always comes back to data.” Check out Vellante’s [full report]( and catch up with the entire Breaking Analysis column on [SiliconANGLE]( and [Wikibon](. You can also [watch Dave’s analysis on YouTube]( or listen as a [podcast](. [Get the full report here!]( 3 insights you missed from MarTech Cloud Talk Pssssst! Missed the MarTech: Emerging Cloud-Scale Customer Experiences broadcast? Here’s your chance to catch up! Check out our Startup Showcase Series Community for ongoing exclusive interviews and upcoming episode news. [Read more]( siliconangle.com [Top News: Editors' Picks]( [EU lawmakers approve two new laws to regulate the tech sector]( The European Parliament this week [voted to approve]( Digital Services Act and the Digital Markets Act, two new laws that will increase regulation of the tech sector. The Digital Services Act, or DSA, passed with 539 votes in favor. It creates new rules for digital service providers, such as social media companies and e-commerce marketplace operators. The Digital Markets Act, or DMA, passed with 588 votes in favor and focuses on ensuring that tech giants don’t implement anticompetitive business practices. The DSA and DMA are set to be formally adopted by the European Council in July and September, respectively. The laws will then be added to the EU Official Journal. The DSA and DMA are set to go into force 20 days after their publication in the EU Official Journal. [Four encryption tools chosen to protect against quantum computer attacks]( The U.S. Department of Commerce’s National Institute of Standards and Technology today said it has chosen four encryption tools designed to protect against quantum computer attacks for a planned post-quantum cryptographic standard. Of the four chosen tools, one — CRYSTAL-Kiber — offers general encryption, while the remaining three — CRYSTAL-Dilithium, Falcon and Sphincs+ — offer encryption for digital signatures and identity protection. Quantum computers, at least as they exist today, cannot crack high-level encryption. However, with ongoing progress in the sector, it’s believed the technology will advance enough that quantum computers will be able to crack those standards, hence the need to start creating new encryption standards now. [Summertime hits cloud scale at AWS Summit New York]( TheCUBE’s spring road tour continues into summer, and on July 12, our industry analysts John Furrier and Dave Vellante tag-team to bring you coverage of [AWS Summit New York]( live from the Javits Center. The theme of the event is “[Scale ...anything]( and analysts [are predicting]( that AWS CTO Werner Vogel is going to share some major news during his keynote. TheCUBE’s analysts will update viewers on news as it happens, but there’ll be plenty more to learn during the event. The company’s Global Summits are all about bringing the cloud computing community together to share knowledge and help each other achieve the most from their cloud investments. At AWS Summit New York, theCUBE will bring you into the ecosystem without the hassle of leaving your home. Put theCUBE’s coverage of AWS Summit New York [on your calendar for July 12]( and join Vellante and Furrier as they get AWS experts, partners and customers to share their secrets for winning in cloud. [Join theCUBE live!]( [Wasabi heats up the data storage security space]( The blending of data protection and security is one of the enterprise themes touched on during [this week’s Breaking Analysis](. On July 12, theCUBE will be adding some heat to the discussion in an exclusive, one-day broadcast “[Secure Storage Hot Takes]( Sessions during the event will focus on core themes in data protection, security and sovereignty, including conversations with security experts David Friend and Drew Schlussel of Wasabi Technologies. Also joining theCUBE will be Kevin Warenda, IT director for independent educational institution The Hotchkiss School, who will share why he chose Wasabi’s cloud storage service over the major cloud providers and how much The Hotchkiss School is saving by not paying tiered cloud costs. Discover more about what to expect during the event in theCUBE’s "Secure Storage Hot Takes"[Reader’s Guide]( and put the free event on your calendar at theCUBE’s [event website]( [July 26-27: The security community gathers for re:Inforce Boston]( The threat of ransomware has cast a chilly shadow across the business world. On July 26 and 27, cybersecurity experts will gather in Massachusetts for AWS’ security-themed re:Inforce conference. There's no doubt that CISOs and CEOs will be in attendance, searching for the holy grail of a unified solution that can secure their precious data. Will they find it? Join theCUBE’s coverage of re:Inforce Boston to learn about the latest trends in cybersecurity innovation. Discover more about what to expect during AWS re:Invent Boston on theCUBE’s [event website](. SiliconANGLE Media Inc. | [SiliconANGLE.com]( [View as Webpage]( [[Twitter] ]( [[YouTube] ]( [[LinkedIn] ]( SiliconANGLE Media Inc | 5 Mount Royal, Suite 280, Marlborough, MA 01752 [Unsubscribe {EMAIL}]( [Update Profile]( | [Constant Contact Data Notice]( Sent by communication@siliconangle.com powered by [Trusted Email from Constant Contact - Try it FREE today.]( [Try email marketing for free today!](