BIG DATA , CLOUDS COMPUTING AND THE FOREIGN CURRENCY MARKET REVALUATION INTROSPECTION:
Big Data, Data Scientist , Clouds Computing the new heavy weights terminologies I've got and learned from the clouds computing summit , organized and sponsored by IPC ( CEO-Rene Huelgas ),held at Makati Shangri-la hotel, Philippines.
In the fully interconnected, digitalized world that we live in today, Big Data is currency (storage of value). And if Bid data venture capital ( equity) is to be measured by currency what form that the Philippines should preferred , the US Dollar ?, now considered the king of all currency. China Renminbi ( Yuan) , now the fast becoming global currency next to US Dollar. Or Japanese Yen now considered the 3rd largest denominated use currency in the World. Or Euro C, the single currency of 28 European countries ,or the Philippine would stick forever on its affection to the most revered Peso (Peseta ) named after the worldwide famed exotic fruits, a major global exports in the golden era of European expansionist and colonization.
The pertinent treat of political and economic security embroiled by the current tension of South China Sea ( West Philippine Sea ) in the Asian Region due to the overlapping claimed by the countries like Philippines, Vietnam, Malaysia, Taiwan and the China's continued excursion , reclaiming and developing Spartly's Islands into a concrete ( might be a military base)would be a major consideration in engaging Philippines IT infrastructure .
"Hooking the Philippines into the clouds ", is a major decisions for strategic thinkers considering its " national patrimony and national security", to quote Mr. Andrew Perez , one of the speakers for the one day Clouds Computing Summit, and his repeat intimate lecture and workshop hosted by Microsoft Philippines.
The given major scenario , would be the most important topic to discuss and probably now the major issues echoing in the very boar room of each government national strategic thinkers, transcending even the very board room of each private corporate world. It is a must to discuss because of its implications in the national security risks , a national and universal concerns , securing the private local and international assets , lives and resources .
Its imperative to say , that the wave of concerns is now rappling through the constant exchanges of cyber threat , cyber espionage , cyber war that in case to case bases would happen in the actual exchanges of fire . This would tantamount to a holocaust casualties in properties and lives . Just recently the show of force of between China Yuan currency versus the US Dollar currency brought havoc in the capital markets exchanges .Because today's war would probably not be ventured into the physical bombardment of machine gun ,but on the strategic move of currency manipulation we called big data, cyber currency war", changing the very landscape of our political and economic landscape.
Compounding the ill effect of this big data cyber currency war of the market exchanges of the market base economy of each nation , one can expect the tremendous foreign currency market revaluation.
Foreign Market currency revaluation is a net major effect of the exchanges in terms of market per share valuation of the local currency ,benchmarking it to todays global king of currency the US Dollar .
The proper treatment of foreign currency market valuation , is either a deduction or addition in the accumulated retained earnings as reflected in the very income statement ( financial statements) of the country or corporation.
The net effect of to add or deduct depends of the strength of the local currency towards the world currency of US Dollar. It will always be good if the net effect is favorable to the nation ( positive revaluation) or corporation and it will always be a sad and sorry state if the net effect is unfavorable to the nation or corporation ( negative revaluation).
The destructive effect of this foreign currency revaluation in the books ( income statement) if the later is so material , that it could even wipe out the whole equity based of the company. Hence affecting over all image , capacity , stature and ultimately down grading , country's or corporation credit rating.
For the winner , posting the positive currency revaluation would mean a positive bottom line in the income statement . Upgrading its credit ratings that means a higher prospect for a corporate loanable amount for a major capital lenders like the banks , venture capitalist and in the capital markets.
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