Cities expected to spend $4.8B on big data and cloud by 2017
Grazed from GCN. Author: Rutrell Yasin.
Communication, data sharing and application development — particularly cloud computing and data analytics — will play a key role in the transformation of city government over the next five years, according to a new report from Pike Research.
Cumulative investment in smart government technology between 2011 and 2017 will be almost $4.8 billion, according to the report Smart Government Technologies. Annual investment in smart government technologies in North America alone will surpass $1 billion in 2017, and annual investment in cloud services for smart cities will reach nearly $1.4 billion worldwide by 2017, the report states…


The OpenStack Foundation has officially launched and is moving ahead with its mandate to foster open, interoperable cloud computing. In a board of directors meeting last week, the OpenStack Foundation opened for business and, among its first acts, accepted virtualization giant and one-time OpenStack rival VMware as a full-fledged board member, and it set an Oct. 15 release date for the launch of its Folsom cloud networking project.
Cloud Technology Partners™, the leader in transforming businesses with cloud solutions, today announced the closing of a $2 million series A-2 round. The additional funding will be utilized to underwrite the company’s continued aggressive hiring plans particularly in the area of intellectual property (IP) development, as well as sales, marketing and client services. This round brings the company’s total funding to $5 million.