How Cisco Plans to Win the Cloud Computing Industry
April 1, 2014
Grazed from Fool. Author: Adrian Campos.
The cloud is poised for rapid growth in the the business world. A growing number of companies are swapping traditional IT systems for affordable cloud-computing services to improve efficiency. Aware of the cloud market’s huge potential, tech giant Cisco Systems (NASDAQ: CSCO) is looking forward to offering a new cloud service. The networking company plans to spend $1 billion on this project over the next two years, called Cisco Cloud Services.
At first glance, Cisco’s new venture could be regarded as yet another cloud service. However, the service that Cisco plans to provide is well-differentiated. The company plans to use OpenStack technology — an open-source cloud-computing platform for private and public clouds — to create a global intercloud, which is a network of clouds designed for high-value application workloads. Cisco will likely employ an infrastructure as a service, or IaaS, model…
The company has already partnered with Telstra, Australia’s largest telecom, and other organizations. However, Cisco could face strong competition from Amazon.com (NASDAQ: AMZN), which started offering online services through its cloud platform — Amazon Web Services — in 2006. How does Cisco plan to win the cloud computing industry?…
Read more from the source @ http://www.fool.com/investing/general/2014/04/01/how-cisco-plans-to-win-cloud-computing-industry.aspx
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