The Cloud: A New Way to Conduct Business
January 23, 2016
Grazed from ITBusinessEdge. Author: Arthor Cole.
At this point, it doesn’t make much sense to talk about whether IT infrastructure will change in the cloud, or even how it will change, but how data and business processes will change to suit the new reality. Infrastructure, after all, is merely a means to an end, so the real measure of the cloud is how it will alter the things we do, not the resources we use to do them.
We are already seeing this effect in motion. Traditional applications like BI and CRM are not being ported directly to the cloud anymore, they are being recoded to suit the dynamic, resource-shifting realities that cloud computing brings to the table. At the same time, entirely new business processes are emerging to take advantage of new service- and application-layer flexibility to out-perform their legacy counterparts…
According to IDC, the cloud currently accounts for about a third of IT spending and is on pace to hit nearly half by 2019. This represents a yearly revenue jump from $32.8 billion to more than $54 billion, an annual gain of about 15.5 percent, while at the same time traditional IT infrastructure spending will decline by 1.7 percent per year. The public cloud is due to grow at a slightly faster pace than private clouds during this period – 16.6 percent CAGR vs. 13.8 percent – but this will have a significant impact on the revenue split by the end of the decade, with public providers shelling out $34.4 billion compared to less than $20 billion for private deployments…
Read more from the source @ www.itbusinessedge.com/blogs/infrastructure/the-cloud-a-new-way-to-conduct-business.html