Tech Spending on "The Cloud" Ratcheting Up
A Sandhill Group survey shows enterprize interest in -- and IT spending on -- cloud computing accelerating over the next three years.
By Charles Babcock InformationWeek
Market research for the venture capital firm, the Sand Hill Group, has concluded that cloud computing represents one of the largest new investment opportunities on the horizon.
In a 90-page report, M.R. Rangaswami and Kamesh Pemmaraju cite a CIO who said that spending on cloud computing will reach 40% of his IT budget in the next three years and 70% in five years..........read more
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