Tech Companies Competing To Be The Leader In Cloud Computing
Cloud computing is a technology that allows centralized data storage and online access to computer services and resources through remote servers and networks. Many technology companies have begun to transition from IT resources into cloud computing and are competing to become the world leader. The better-managed companies will be able to make this transition more successfully than those who lack decent management. Here is a description of what some tech companies are doing to make this transition.
Cisco’s transition into the cloud has allowed the company to grow further than its traditional routers and switches. Cisco has seen a dramatic increase in earnings from data relevant products and services. They also reported that its Unified Computing System data platform had a surge in users. Cisco is transitioning into software-defined networks (SDN), which will force current models to change their models. However, this will take a long time.
IBM’s cloud revenue shot through the roof last year, and this month its investors are planning on discussing the next steps to take for its hybrid cloud options. IBM hopes to make all the separate clouds act as one. They believe hybrid cloud arrangements are more appealing to companies and enable connections between new wave Web applications and traditional backend operations.
Oracle’s earnings from cloud growth grew by almost 50% last year. This includes their Software-as-a-Service (SaaS), Platform-as-a-Service (PaaS) and Infrastructure-as-a-Service (IaaS) services. Oracle’s focus has been on growing their cloud business, and its been showing. Mark Hurd, the CEO of Oracle, recently said that within 5-6 years cloud applications will take up to 60% of the total enterprise application market due to the development speed of new functional and easy upgrades.
VMware was late to the cloud transition because they were profiting from server virtualization. This creates multiple operating systems on a single computer server. In 2013 they began to transition into the cloud and quickly started to distribute its own products. Like IBM, they went with the hybrid cloud idea so businesses could use private and public clouds depending on the level of security they want. They updated their vSpehere platform and the foundation on which its cloud service is built on in order to provide the hybrid cloud resources without change to any standard customs the customers use.
Workday builds and provides cloud applications for finance and human resource departments and is one of the fastest growing Software-as-a-Service (SaaS) cloud space and big data business. Their revenues have been consistently increasing by more than 50%.