Yesterday the Sand Hill Group and SAP released a report that highlighted the impact that cloud is expected to make on the US and global economy. Aside from billions of dollars being pumped into the economy and poised to save US businesses $625 billion dollars over the next 5 years. So how does cloud actually do this?
It’s really a perfect storm of technologies. Firstly, the advances in network including faster and higher-bandwidth internet speeds, the commoditization of high-end computing and ofcourse virtualization technologies gave the platform for cloud computing to be made widely available and affordable.
Add to that the fact that economic pressures are forcing organizations to do more with less and at half the budget. Oh, and let’s not forget the vast amounts of data that is being created and requires solutions like Big Data technologies to help make sense of.
What all this adds up to is a revolutionary change in the way organizations operate, and instead of leaving tons of unemployment in its wake, is actually creating more jobs, more money into the economy and ofcourse savings for everyone. As I said before, cloud is going to help level the playing field for all organizations of every size. It is also an opportunity for global economies to make investments in next-generation technologies that can help establish smaller countries as leaders in cloud-supporting technologies and businesses.
I understand that lots of people still think cloud is hype. Cloud as a term is really just a marketing gimmick, as someone with a marketing background I agree. But what isn’t a gimmick is just how much change will come with these new technologies and ways to do business. If you thought the Internet changed things, I expect cloud will leave it in its wake.