The Cloud Is Good For Western Digital

Grazed from ForexNews. Author: David Trainer.

Contrary to public opinion, the long-term implications of cloud computing on the storage and computing businesses are very positive. Western Digital (WDC) is highly undervalued at anything below $70/share as this company stands to benefit more from cloud computing than it will suffer.

Not since the United States developed a national power grid for the delivery of electricity have we seen a movement as impactful to our daily lives as cloud computing may be. The national power grid effectively opened access to electricity to the entire country. And since that time have we seen a decline in the amount of electricity consumed or the number of devices that consume electricity? Not at all. In retrospect, the national power grid removed the bottleneck of proximity to the use of electricity as it allowed people and businesses most anywhere to access electricity in almost unlimited amounts…

Cloud computing does the same for the storage and analysis of data as the power grid did for electricity. As my great friend Brad Little of Capgemini explains, we should look at cloud computing services like a public utility for the cheap provision of storage and computing capacity. His analogy to the power grid resonates well as he explains the enormous benefits of the scale of centralizing cloud computing services…

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