Microsoft and Cisco need wake-up call on cloud computing
October 10, 2012
Grazed from V3.co.uk. Author: James Dohnert.
The growth of cloud computing and other emerging technology trends are changing corporate business models, according to general partner of venture capital firm Andreessen Horowitz Peter Levine.
Levine contends that the growing focus of software-based technology is changing the way companies plan for growth. Taking part in a panel at BoxWorks 2012 about the growing trends in Silicon Valley Levine said that he believes that better hardware no longer means better growth. "Microsoft needs a wake up call. Cisco needs a wake up call," Levine said during the panel discussion which featured a diverse group of Silicon Valley venture capitalists…
"They have already been woken up but what can they now do?" With the growing trend of the cloud and the software-as-a-service (SaaS) industries, many former goliaths of the technology industry have to rethink the way they do business, he added…
Read more from the source @ http://www.v3.co.uk/v3-uk/news/2215874/venture-capitalists-see-cloud-changing-how-firms-grow