The Future Of The Cloud

It’s safe to say that cloud computing is the next “big thing.” Cloud computing is the storing and accessing of data and programs through the internet, rather than through physical means such as hard drives. Basically, the cloud is just a fancy term for services accessed over the internet. Forbes Magazine stated that, “55% of enterprises predict cloud computing will enable new business models in three years.” With that being said, it is expected that a large amount of enterprises will be making moderate-to-heavy cloud investments in the near future as they transition into full reliance on cloud technologies. Many are depending on the cloud to launch new business models, help streamline their supply chains, and provide applications and platforms to better manage and analyze data. An Oxford Economics and SAP study of cloud computing generated key points that were found by comparing a recent survey to one conducted a few years ago. Forbes Magazine shared these points, some of which include: