5 Cloud Computing Stocks to Take the Market by Storm in ’16

January 4, 2016 Off By David
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Grazed from Zacks. Author: Zacks Equity Research.

Cloud computing has totally transformed the way organizations operate and professionals access technology resources. In less than a decade, the move to the cloud has revolutionized the entire IT sector. Companies are now moving away from hardware and licensed software purchases towards software-, platform- and infrastructure-as-a-service (SaaS, PaaS and IaaS).

Before getting into the growth prospects, it might be helpful to understand what exactly cloud computing represents…

What Is Cloud Computing?

Cloud computing is a flourishing part of the technology space and has been gaining momentum in recent years. It is a process by which data or software is stored outside of a computer and is accessible from anywhere at any time via the Internet. This revolutionary idea can lower IT costs of companies by cutting down the need for servers and staff.

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