The Case For Cloud: Open Innovation and A New Model
August 10, 2015
Grazed from Circulate. Author: Seb Egerton.
A recent report from the International Data Corporation (IDC) paints a picture of a rapidly expanding cloud sector. While the evolution of cloud technology is most commonly associated with a combination of ‘cool’ new gadgets and concerns over security risks, there are growing indications that cloud technology will have a broader impact on the global economy and in particular, in supporting the development of new innovation.
According to the IDC’s latest study, there is a growing interest from industry in exploiting cloud technology as a part of wider digital transformations. The report predicts that public cloud computing will reach $70 billion before the end of 2015 with 45% of that total market spend accounted for across five main sectors: discrete manufacturing, banking, professional services, process manufacturing and retail…
Read more from the source @ http://circulatenews.org/2015/08/the-case-for-cloud-open-innovation-and-a-new-model/