Technology Forecast Paper (Cloud Computing)

Technology Forecast Paper:

Cloud Computing

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Table of Contents
Executive Summary 1
Introduction 3
Industry Overview 3
Financial Forecast of Cloud Computing 5
Growth 7
Business and Organization Application 7
Conclusion 8
References 9

Table of Figures

Figure 1: Cloud Computing 4
Figure 2: 6
Figure 3: Cloud Computing Financial Forecast (5 Years) 6
Figure 4: Growth of Cloud Computing 7

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Executive Summary

There are many reasons for organizations to move from traditional IT infrastructure to cloud computing.   Cloud computing represents a new way, in some cases a better and cheaper way of delivering IT services.   One of the most cited benefits of cloud computing is its economic benefits.   Cost savings through cloud computing can be realized by lowering the opportunity cost of running technology, lowering the total cost of ownership of technology, and giving organizations the ability to add business value by renewing focus on core business areas or creating new business areas.
This paper will describe in detail the cloud computing industry, as well as illustrate how the industry has grown, and will continue to grow over the next 5 years.   Many large IT companies like Amazon, Google, and Apple have entered the cloud computing market by providing services to traditional non-IT industries like healthcare, insurance, and manufacturing. Adoption from these industries will help sustain cloud computing’s market growth and financial outlook.

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In today’s economic environment a company’s survival depends on its ability to focus on core business and adapt quickly. Traditional business models can’t be counted on to translate into sustained or future business growth.   In an environment where companies operate with limited resources for financial, people, technology, and power – IT needs to...