Cisco’s New $US1 Billion Cloud Computing Plan Is Ingenious But Risky
Grazed from BusinessInsider. Author: Julie Bort.
Earlier this week, Cisco dropped a bombshell when it vowed to spend $US1 billion to build a brand new cloud service that competes with similar services from Amazon, Google, Microsoft, HP, IBM, VMware, and others. Cisco is calling it the Intercloud.
With the Intercloud, Cisco is joining all the other enterprise tech companies who are chasing the cloud market. That’s because companies today are using the cloud instead of buying new computers and software for new IT projects. They spent $US131 billion in 2013 on the cloud, Gartner says. They will $US174.2 billion in 2014 and $US235 billion by 2017, predicts market research firm IHS…


Cloud computing has resulted in plenty of debates between IT professionals over the years, but the growing feeling about the technology today is much more positive than negative. Surveys continue to find that more businesses are embracing the possibilities of cloud-based environments as a way to replace antiquated solutions with more flexible models.