Cyber News

Friday, April 15, 2011

Cloud Computing Catch-Up

Revenue from business cloud services — infrastructure resources, software applications and developer tools — was $22.2 billion last year, less than 2 percent of total technology spending, IDC estimates. But cloud revenue is growing at more than 25 percent a year, and will reach $55.5 billion by 2014, the research firm estimates...
“The cutting edge of innovation is on the consumer side — and not in corporations anymore,” observed Timothy F. Bresnahan, an economist at Stanford...
“We’re moving to where the puck is going in this industry,” said Steven A. Mills of I.B.M.
Read more from NYT.

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