Efficient Asset Management

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Publisher : Oxford University Press
ISBN 13 : 0199887195
Total Pages : 207 pages
Book Rating : 4.1/5 (998 download)

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Book Synopsis Efficient Asset Management by : Richard O. Michaud

Download or read book Efficient Asset Management written by Richard O. Michaud and published by Oxford University Press. This book was released on 2008-03-03 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt: In spite of theoretical benefits, Markowitz mean-variance (MV) optimized portfolios often fail to meet practical investment goals of marketability, usability, and performance, prompting many investors to seek simpler alternatives. Financial experts Richard and Robert Michaud demonstrate that the limitations of MV optimization are not the result of conceptual flaws in Markowitz theory but unrealistic representation of investment information. What is missing is a realistic treatment of estimation error in the optimization and rebalancing process. The text provides a non-technical review of classical Markowitz optimization and traditional objections. The authors demonstrate that in practice the single most important limitation of MV optimization is oversensitivity to estimation error. Portfolio optimization requires a modern statistical perspective. Efficient Asset Management, Second Edition uses Monte Carlo resampling to address information uncertainty and define Resampled Efficiency (RE) technology. RE optimized portfolios represent a new definition of portfolio optimality that is more investment intuitive, robust, and provably investment effective. RE rebalancing provides the first rigorous portfolio trading, monitoring, and asset importance rules, avoiding widespread ad hoc methods in current practice. The Second Edition resolves several open issues and misunderstandings that have emerged since the original edition. The new edition includes new proofs of effectiveness, substantial revisions of statistical estimation, extensive discussion of long-short optimization, and new tools for dealing with estimation error in applications and enhancing computational efficiency. RE optimization is shown to be a Bayesian-based generalization and enhancement of Markowitz's solution. RE technology corrects many current practices that may adversely impact the investment value of trillions of dollars under current asset management. RE optimization technology may also be useful in other financial optimizations and more generally in multivariate estimation contexts of information uncertainty with Bayesian linear constraints. Michaud and Michaud's new book includes numerous additional proposals to enhance investment value including Stein and Bayesian methods for improved input estimation, the use of portfolio priors, and an economic perspective for asset-liability optimization. Applications include investment policy, asset allocation, and equity portfolio optimization. A simple global asset allocation problem illustrates portfolio optimization techniques. A final chapter includes practical advice for avoiding simple portfolio design errors. With its important implications for investment practice, Efficient Asset Management 's highly intuitive yet rigorous approach to defining optimal portfolios will appeal to investment management executives, consultants, brokers, and anyone seeking to stay abreast of current investment technology. Through practical examples and illustrations, Michaud and Michaud update the practice of optimization for modern investment management.

Asset Management in Theory and Practice

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Publisher : New Age International
ISBN 13 : 9788122416220
Total Pages : 252 pages
Book Rating : 4.4/5 (162 download)

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Book Synopsis Asset Management in Theory and Practice by : Duncan Hughes

Download or read book Asset Management in Theory and Practice written by Duncan Hughes and published by New Age International. This book was released on 2005 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: For Many Investors, As Well As Some Brokers And Analysts, Understanding The Often Complex Techniques Of Forecasting Market Trends And Strategies For Maximising Investment Portfolio Return Can Be Difficult. Here Is An Invaluable Text That Explains Modern Fund Management And Techniques For Market Analysis. It Uses Real-Life Issues Surrounding Asset Management, Within The Context Of Modern Portfolio Theory And Fundamental Market And Security Analysis.Asset Management In Theory And Practice Is An Explanation And To Some Extent Re-Evaluation Of The Fundamentals That Drive The Fortunes Of Different Markets. As Such It Presents A Solid Platform From Which The Reader Can Then Develop An Understanding Of More Complex Analytical Techniques And Asset Allocation Strategies.It Should Prove Invaluable To Any Investor Or Student Of The Financial Markets As Well As More Experienced Brokers Or Analysts Seeking To Explain To Customers How The Markets And Investment Strategies Work.This Special Low-Priced Edition Is For Sale In India, Bangladesh, Bhutan, Maldives, Nepal, Myanmar, Pakistan And Sri Lanka Only.

Guidance for It Asset Management (Itam)

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Publisher : Servicemanagers.Org
ISBN 13 : 9780991320509
Total Pages : 218 pages
Book Rating : 4.3/5 (25 download)

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Book Synopsis Guidance for It Asset Management (Itam) by : Kiran Kumar Pabbathi

Download or read book Guidance for It Asset Management (Itam) written by Kiran Kumar Pabbathi and published by Servicemanagers.Org. This book was released on 2014-01 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: Guidance for ITAM provides a direction in a concise, clear, user friendly and understandable way for all the ITAM audiences (newbie's, intermediates, experts). This book is not just for ITAM process consultants or management folks talking just about process definition and implementation. It will be of great help for Solution Architects and Technology Consultants, for designing ITSM tools with respect to ITAM processes. What so unique about this book? . It's going to tell you pre-requisites, objectives, and business needs of ITAM processes . It's going tell you a step by step approach for implementing ITAM processes . It's going to tell you an approach for designing ITAM tools (through workflows, mandatory fields, and business logics) . It's going to tell you the effective metrics for ITAM processes and operations . It's going to tell you the best practices . It's going to tell you the checklists for ITAM process with respect to management and operations teams

Digital Asset Management in Theory and Practice

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Author :
Publisher : Facet Pub
ISBN 13 : 9781856049351
Total Pages : 224 pages
Book Rating : 4.0/5 (493 download)

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Book Synopsis Digital Asset Management in Theory and Practice by : Mark Hedges

Download or read book Digital Asset Management in Theory and Practice written by Mark Hedges and published by Facet Pub. This book was released on 2014-10 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: This practical handbook provides information professionals with everything they need to know to effectively manage digital content and information. The book addresses digital asset management (DAM) from a practitioner's point of view but also introduces readers to the theoretical background to the subject. It will thus equip readers with a range of essential strategic, technical and practical skills required to direct digital asset management activities within their area of business, while also providing them a well-rounded and critical understanding of the issues across domains. Digital Asset Management in Theory and Practice includes an evolving case study that serves to illustrate the topics and issues addressed in each chapter, as well as a sequence of practical exercises using freely available DAM software. Readership: Information professionals who work (or aim to work) in the digital content industries and managers of digital assets of various forms. Cultural and memory institutions, digital archives, and any areas of science, government and business organisation where there is a need to curate digital assets. Students taking LIS graduate courses worldwide.

Property Asset Management

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Publisher : Routledge
ISBN 13 : 1317242556
Total Pages : 300 pages
Book Rating : 4.3/5 (172 download)

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Book Synopsis Property Asset Management by : Douglas Scarrett

Download or read book Property Asset Management written by Douglas Scarrett and published by Routledge. This book was released on 2018-05-01 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: Property asset management requires both day-to-day oversight of rental properties and an ability to maximize the potential of the portfolio through forward thinking and practical planning. Successful property managers must be flexible and proactive whilst maintaining a robust knowledge of technical, financial and legal aspects of the leasing system. Property Asset Management is a practical guide to the key principles of successful property management, perfect for both student and practitioner alike. In this book, Douglas Scarrett and Jan Wilcox demonstrate how to successfully manage properties for the varying needs of clients ranging from individual property owners to large international commercial ventures. As well as the basic theory, Property Asset Management discusses the process of active management, the strategic objectives, performance measurement, and the key financial and operational information needed for high quality and comprehensive reporting to clients. This fourth edition has new chapters on corporate real estate and financial management, and has been extensively rewritten to incorporate recent developments in property management. Software screenshots are used to illustrate salient points and readers are provided with a thorough overview of the latest legal aspects of land ownership and tenancy arrangements. With everything you need for successful property asset management, this book both caters for the needs of RICS accredited and business courses and serves as a handy guide for everyday practice.

Applied Asset and Risk Management

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Author :
Publisher : Springer
ISBN 13 : 364255444X
Total Pages : 491 pages
Book Rating : 4.6/5 (425 download)

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Book Synopsis Applied Asset and Risk Management by : Marcus Schulmerich

Download or read book Applied Asset and Risk Management written by Marcus Schulmerich and published by Springer. This book was released on 2014-10-20 with total page 491 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a guide to asset and risk management from a practical point of view. It is centered around two questions triggered by the global events on the stock markets since the middle of the last decade: - Why do crashes happen when in theory they should not? - How do investors deal with such crises in terms of their risk measurement and management and as a consequence, what are the implications for the chosen investment strategies? The book presents and discusses two different approaches to finance and investing, i.e., modern portfolio theory and behavioral finance, and provides an overview of stock market anomalies and historical crashes. It is intended to serve as a comprehensive introduction to asset and risk management for bachelor’s and master’s students in this field as well as for young professionals in the asset management industry. A key part of this book is the exercises to further demonstrate the concepts presented with examples and a step-by-step business case. An Excel file with the calculations and solutions for all 17 examples as well as all business case calculations can be downloaded at extras.springer.com.

There May be Trouble Ahead

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Author :
Publisher : Scarecrow Press
ISBN 13 : 9780810852921
Total Pages : 148 pages
Book Rating : 4.8/5 (529 download)

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Book Synopsis There May be Trouble Ahead by : Lex van Wijk

Download or read book There May be Trouble Ahead written by Lex van Wijk and published by Scarecrow Press. This book was released on 2005 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: Patent assets are currently important strategic business tools. Their presence or absence can make or break technology-based companies. Patent asset management has therefore become a core responsibility within companies. This book discusses in a lucid manner the elements that need to be covered to ensure that patent assets are used to their full potential. It provides simple and practical management tools to realize alignment of patent, business, and research & development strategies. Additionally, this book will help managers understand why any decision regarding patent assets needs to be an informed business decision, and how these assets can contribute to the company's future success, if not survival.

Machine Learning for Asset Managers

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Author :
Publisher : Cambridge University Press
ISBN 13 : 1108879721
Total Pages : 152 pages
Book Rating : 4.1/5 (88 download)

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Book Synopsis Machine Learning for Asset Managers by : Marcos M. López de Prado

Download or read book Machine Learning for Asset Managers written by Marcos M. López de Prado and published by Cambridge University Press. This book was released on 2020-04-22 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: Successful investment strategies are specific implementations of general theories. An investment strategy that lacks a theoretical justification is likely to be false. Hence, an asset manager should concentrate her efforts on developing a theory rather than on backtesting potential trading rules. The purpose of this Element is to introduce machine learning (ML) tools that can help asset managers discover economic and financial theories. ML is not a black box, and it does not necessarily overfit. ML tools complement rather than replace the classical statistical methods. Some of ML's strengths include (1) a focus on out-of-sample predictability over variance adjudication; (2) the use of computational methods to avoid relying on (potentially unrealistic) assumptions; (3) the ability to "learn" complex specifications, including nonlinear, hierarchical, and noncontinuous interaction effects in a high-dimensional space; and (4) the ability to disentangle the variable search from the specification search, robust to multicollinearity and other substitution effects.

Practical Itam

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Author :
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781547011216
Total Pages : 174 pages
Book Rating : 4.0/5 (112 download)

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Book Synopsis Practical Itam by : Martin Scott Thompson, Mr.

Download or read book Practical Itam written by Martin Scott Thompson, Mr. and published by Createspace Independent Publishing Platform. This book was released on 2017-07-09 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: Practical ITAM: The essential guide for IT Asset Managers If you've just stumbled across the subject of ITAM, you can be for- given if you feel a little overwhelmed. It's not simply matching up what you own with what you've bought. Start peeling back the layers of the ITAM onion and it soon gets incredibly complex. You might be feeling the pressure of software audits, or pressure to show cost savings or sharpen up your records. Looking at the sheer number of devices and software titles in your environment can be daunting, and there are only so many hours on the clock. Read this book and you'll understand what your top priorities are, what should be done first, and how a valuable and lasting ITAM practice can be built for your company. The subject is broken down into 12 manageable chunks, which allow you to identify where your strengths and weaknesses lie-and real-life examples and practical strategies show you how to make a real impact.

An It Manager's Guide to Hardware Asset Management

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Author :
Publisher : Independently Published
ISBN 13 : 9781729316900
Total Pages : 100 pages
Book Rating : 4.3/5 (169 download)

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Book Synopsis An It Manager's Guide to Hardware Asset Management by : Laurence Tindall

Download or read book An It Manager's Guide to Hardware Asset Management written by Laurence Tindall and published by Independently Published. This book was released on 2018-11-02 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: An IT Manager's Guide to Hardware Asset Management: The perfect guide for implementing an IT Asset Management (ITAM) program. This book will teach you what IT Asset Management is, and how it can substantially benefit your organization. Get a grasp of your IT Assets today and start learning how to effectively organize and manage them. Acquire the knowledge on how to setup up a successful IT Asset Management program from the ground up.This book is aimed towards all IT professionals that seek to learn the skills and fundamentals of Hardware Asset Management.

Pavement Asset Management

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Publisher : John Wiley & Sons
ISBN 13 : 1119038707
Total Pages : 432 pages
Book Rating : 4.1/5 (19 download)

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Book Synopsis Pavement Asset Management by : Ralph Haas

Download or read book Pavement Asset Management written by Ralph Haas and published by John Wiley & Sons. This book was released on 2015-05-26 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: Comprehensive and practical, Pavement Asset Management provides an essential resource for educators, students and those in public agencies and consultancies who are directly responsible for managing road and airport pavements. The book is comprehensive in the integration of activities that go into having safe and cost-effective pavements using the best technologies and management processes available. This is accomplished in seven major parts, and 42 component chapters, ranging from the evolution of pavement management to date requirements to determining needs and priority programming of rehabilitation and maintenance, followed by structural design and economic analysis, implementation of pavement management systems, basic features of working systems and finally by a part on looking ahead. The most current methodologies and practical applications of managing pavements are described in this one-of-a-kind book. Real world up-to-date examples are provided, as well as an extensive list of references for each part.

Pocket CIO – The Guide to Successful IT Asset Management

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Author :
Publisher : Packt Publishing Ltd
ISBN 13 : 1783001011
Total Pages : 245 pages
Book Rating : 4.7/5 (83 download)

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Book Synopsis Pocket CIO – The Guide to Successful IT Asset Management by : Phara McLachlan

Download or read book Pocket CIO – The Guide to Successful IT Asset Management written by Phara McLachlan and published by Packt Publishing Ltd. This book was released on 2018-03-30 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: Create and manage a clear working IT asset management strategy with this unique guide Key Features A detailed IT Asset Management (ITAM) guidebook with real-world templates that can be converted into working ITAM documents Includes in-depth discussion on how risk management has changed and the possible solutions needed to address the new normal A step-by-step ITAM manual for newbies as well as seasoned ITAM veterans Book DescriptionThis book is a detailed IT Asset Management (ITAM) guidebook with real-world templates that can be converted into working ITAM documents. It is a step-by-step IT Asset Management manual for the newbies as well as the seasoned ITAM veterans, providing a unique insight into asset management. It discusses how risk management has changed over time and the possible solutions needed to address the new normal. This book is your perfect guide to create holistic IT Asset Management and Software Asset Management programs that close the risk gaps, increases productivity and results in cost efficiencies. It allows the IT Asset Managers, Software Asset Managers, and/or the full ITAM program team to take a deep dive by using the templates offered in the guidebook. You will be aware of the specific roles and responsibilities for every aspect of IT Asset Management, Software Asset Management, and Software License Compliance Audit Response. By the end of this book, you will be well aware of what IT and Software Asset Management is all about and the different steps, processes, and roles required to truly master it.What you will learn Close the hidden risk gaps created by IT assets (hardware and software) Create and manage a proactive ITAM and SAM program and policy A clear, concise explanation of what IT Asset Management and Software Asset Management is, the benefits, and results The best ways to manage a software audit and how to be prepared for one Considerations for selecting the best technology for a specific company including what questions should be asked at the onset Increasing ITAM program and project success with change management Who this book is for This book is intended for CIOs, VPs and CTOs of mid to large-sized enterprises and organizations. If you are dealing with changes such as mergers, acquisitions, divestitures, new products or services, cyber security, mandated regulations, expansion, and much more, this book will help you too.

Fundamentals Of Institutional Asset Management

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Author :
Publisher : World Scientific
ISBN 13 : 981122160X
Total Pages : 616 pages
Book Rating : 4.8/5 (112 download)

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Book Synopsis Fundamentals Of Institutional Asset Management by : Frank J Fabozzi

Download or read book Fundamentals Of Institutional Asset Management written by Frank J Fabozzi and published by World Scientific. This book was released on 2020-10-12 with total page 616 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides the fundamentals of asset management. It takes a practical perspective in describing asset management. Besides the theoretical aspects of investment management, it provides in-depth insights into the actual implementation issues associated with investment strategies. The 19 chapters combine theory and practice based on the experience of the authors in the asset management industry. The book starts off with describing the key activities involved in asset management and the various forms of risk in managing a portfolio. There is then coverage of the different asset classes (common stock, bonds, and alternative assets), collective investment vehicles, financial derivatives, common stock analysis and valuation, bond analytics, equity beta strategies (including smart beta), equity alpha strategies (including quantitative/systematic strategies), bond indexing and active bond portfolio strategies, and multi-asset strategies. The methods of using financial derivatives (equity derivatives, interest rate derivatives, and credit derivatives) in managing the risks of a portfolio are clearly explained and illustrated.

ITIL GUIDE TO SOFTWARE AND IT ASSET MANAGEMENT.

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Author :
Publisher :
ISBN 13 : 9780113315482
Total Pages : pages
Book Rating : 4.3/5 (154 download)

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Book Synopsis ITIL GUIDE TO SOFTWARE AND IT ASSET MANAGEMENT. by : DAVID. STATIONERY OFFICE. RUDD BICKET (COLIN.)

Download or read book ITIL GUIDE TO SOFTWARE AND IT ASSET MANAGEMENT. written by DAVID. STATIONERY OFFICE. RUDD BICKET (COLIN.) and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Integrated Intellectual Asset Management

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Author :
Publisher : Routledge
ISBN 13 : 1351927280
Total Pages : 158 pages
Book Rating : 4.3/5 (519 download)

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Book Synopsis Integrated Intellectual Asset Management by : Steve Manton

Download or read book Integrated Intellectual Asset Management written by Steve Manton and published by Routledge. This book was released on 2017-03-02 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: Intellectual assets - including documents, designs, know-how, software, data, patents and trademarks - are critical to the delivery of innovative, and cost effective, products and services. Despite this many organizations seek to manage their intellectual assets using a range of bolt-on, stand-alone business processes, often divorced from the processes used to manage their services and products. Integrated Intellectual Asset Management explains how to take full advantage of your organization's intellectual assets by integrating their management in six key areas: ¢ decision making systems ¢ strategy ¢ policy and accountabilities ¢ knowledge management ¢ people and behaviour ¢ targets and metrics You can only hope to develop, protect, exploit, and realize the value of your key intellectual assets when you integrate the way you manage them into existing business processes and culture. Integrated Intellectual Asset Management guides you through this process.

Workforce Asset Management Book of Knowledge

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Publisher : John Wiley & Sons
ISBN 13 : 1118417119
Total Pages : 656 pages
Book Rating : 4.1/5 (184 download)

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Book Synopsis Workforce Asset Management Book of Knowledge by : Lisa Disselkamp

Download or read book Workforce Asset Management Book of Knowledge written by Lisa Disselkamp and published by John Wiley & Sons. This book was released on 2013-03-20 with total page 656 pages. Available in PDF, EPUB and Kindle. Book excerpt: The official study guide for the Workforce Management Technology Certification, containing core knowledge for time and labor management The worldwide standard for the time and labor management technology profession, Workforce Asset Management Book of Knowledge is the official guide to the Workforce Asset Management Certification. Establishing a common lexicon within the profession for talking about workforce management and systems, this essential guide is designed to establish a body of generally accepted and applicable practices and standards within the industry. Includes contributions from leaders in the field Covers everything from vendor and product selection, to implementation planning and execution, system design, testing and change control, financial analytics, fundamentals of scheduling people against workload and skill sets, and how to use these systems to manage labor costs and productivity Body of knowledge is focused on workers and technologies for every industry and every type of employer Designed around timekeeping and labor scheduling technologies With contributions from leaders in the field, this book expertly covers the knowledge, practices, regulations, and technologies within the domain of workforce management systems. It provides the body of knowledge for managing a workforce using time and attendance systems, labor scheduling, productivity, staffing budgets, workforce software applications, or data, compensation and benefits for payroll and human resources.

Practical Cloud Security

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Author :
Publisher : O'Reilly Media
ISBN 13 : 1492037486
Total Pages : 195 pages
Book Rating : 4.4/5 (92 download)

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Book Synopsis Practical Cloud Security by : Chris Dotson

Download or read book Practical Cloud Security written by Chris Dotson and published by O'Reilly Media. This book was released on 2019-03-04 with total page 195 pages. Available in PDF, EPUB and Kindle. Book excerpt: With their rapidly changing architecture and API-driven automation, cloud platforms come with unique security challenges and opportunities. This hands-on book guides you through security best practices for multivendor cloud environments, whether your company plans to move legacy on-premises projects to the cloud or build a new infrastructure from the ground up. Developers, IT architects, and security professionals will learn cloud-specific techniques for securing popular cloud platforms such as Amazon Web Services, Microsoft Azure, and IBM Cloud. Chris Dotson—an IBM senior technical staff member—shows you how to establish data asset management, identity and access management, vulnerability management, network security, and incident response in your cloud environment.