Cloud Computing: Something Called ‘The Race To Zero’ Is Scaring A Lot Of Tech Companies
November 9, 2014
Grazed from BusinessInsider. Author: Julie Bort.
Cloud computing has completely changed the tech industry, but it’s got a dark side for the companies competing in the market, something those in the industry call "the race to zero." There’s so much competition in the cloud industry that cloud companies keep cutting their prices, even while they increase their storage limits.
There’s a couple of reasons for this. For one, computer storage keeps getting cheaper. A gigabyte’s worth of storage on a hard drive in 1993 cost over $9,000, but it cost a mere 4 cents in 2013…
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