Is Cloud Computing a Threat to Older Tech Companies?
February 21, 2013
Grazed from CtPost. Author: Editorial Staff.
In 2012, the Informational Data Corporation (IDC) made some pretty bold predictions regarding the development of a new high-tech industry in the convergence of social networking, — cloud-based computing and data storage.
The IDC suggested that many industry giants may scramble to maintain relevance, while some startups would gain leadership positions in what some anticipate will be the technology industry’s fastest transition ever. Today’s major players may be in trouble if they don’t prepare for change…
Spending on the new technologies will reach nearly $700 billion, or about 20 percent of the $3.5 trillion in hardware, software, and services spent on information technology worldwide, IDC said. Since a lot of spending in the sector goes toward maintaining older systems, such a share for relatively new technologies is a surprising speculation. Spending on these new technologies is growing six times faster than traditional computer servers and personal computers, the IDC said, and by 2020 will be 80 percent industry growth…
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