Archive for October, 2010

Getting Your Arms Around “The Cloud”

Confused about what, exactly, is cloud computing?  You’re not alone!  Business leaders and even IT professionals find it challenging to strip through the hype and buzz – as well as the conflicting definitions and terminology – and get a grip on understanding what cloud computing is and whether it’s a good fit for their businesses. 

Enter tech titan Intel, announcing this week a new initiative “Open Data Center Alliance.”  The alliance, part of Intel’s Cloud 2015 project, is a coalition of 70+ major players in cloud computing.  Their task: to help standardize facets of cloud computing by establishing hardware and software standards for technology providers.

Read more here. 

Will it work?  Maybe, at least as far as establishing standards goes.  But will the standards be enforceable?  So far, the greatest cloud computing experiment – the Internet itself – has been called “the largest unregulated computer network on the globe” by more than one expert.  Will Intel’s “Cloud 2015: Open and Interoperable” slogan change to “Open & Inoperable?”  Stay tuned…

On the upside, establishing standards will help reduce the number of “snake charmers” attempting to take advantage of the technology’s latest Wild West frontier.  And that can only help business leaders and IT professionals feel more confident in pursuing and applying cloud technologies for their businesses.

How big will the Cloud get? Big…

The McKinsey Group has called cloud computing one of the defining trends of the decade.  From tech titans to financial analysts, we can best sum up the collective opinion on cloud computing in one word: BIG. 

How big?  Tech research firm The Gartner Group reports worldwide spending on cloud computing will reach $68 billion in 2010.  That’s a 16+% increase over spending on the Cloud a year ago.

That’s big…  But hang on.  Cloud computing is no fad, doomed to join the hula hoop or Rubik’s Cube.  Ben Pring, research vice-president at Gartner, says the upward spending trend will continue – even accelerate in the next few years.  Gartner’s report projects firms will spend around $150 billion worldwide on cloud computing in 2014.  That exceeds the Gross Domestic Product of all but the world’s 50 largest national economies.

And who is leading the charge to cloud computing?  The leaders in adopting cloud computing are the financial services and manufacturing industries.  That’s right: the stodgy, conservative financial sector and the oft tech-resistant manufacturing sector are currently leading the trend toward cloud computing.

Read more of Gartner’s report.