1st June 2020
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Growing demand for remote access to data and online services has put cloud computing at the forefront of internet-based innovation.
As a natural evolution of the internet, cloud computing is everywhere. The information on the screen you are looking at is no longer dependent on the computer it is attached to; it is constrained only by the speed of your internet connection and access to the cloud. The impact of that evolution on life and work is only going to accelerate.
Since the industrial revolution the computer is the biggest most powerful step forward in human capabilites. From this beginning, the internet has developed into the most powerful innovation the world has ever seen. Now that computing power can be delivered over the internet, the combined power of cloud computing can be realised.
Recent global developments and social changes led to such a dramatic increase in cloud-based computing that Microsoft CEO Satya Nadella reported that they saw “two years' worth of digital transformation in two months”. This growth was not only limited to Microsoft’s Azure cloud computing technology and other industry giants; it lifted hundreds of small and medium enterprises, such as Zoom which went from 10.7 million users in 2019 to 200 million in March and 300 million in April 2020. This highlights the capacity for exponential growth in these digital, cloud-based industries.
Digitalisation
Ability for companies across multiple industries to skyrocket in a short timeframe thanks to the digitalisation of its product.
Multiple Products
Investments range between multiple cloud-based services such as SaaS, IaaS, PaaS, Cloud Management & Security Services.
Diversity
The growth potential of cloud-based companies is spreading beyond the information technology sector into industries such as health care, media and mobility.
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