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Is Cloud Computing On Course to Becoming a $100 Billion Market?
Evans was commenting on the state of the infrastructure industry in response to a report by McKinsey consultants
By: Jeremy Geelan
Jan. 28, 2013 06:30 AM
"Cloud computing’s not a panacea and it’s not the ideal solution for every business situation," wrote Oracle SVP Bob Evans recently in Forbes, "but at the same time, it’s no longer some nebulous (pardon me) theory whose risk is high and whose potential benefits are impossible to quantify."
"I couldn’t agree more with the McKinsey report, and while the article was not intended to be a comprehensive review of the merits of the cloud approach, I wish the authors had at least touched on a related point that goes to the very heart of not only IT strategy but business strategy: cloud computing can become the fulcrum point around which companies begin to leverage the majority of their IT budgets away from costly and low-impact infrastructure and toward customer-facing and revenue-generating innovation."
It is Evans's opinion, expressed in an earlier article, that Cloud projects "will not be judged on their technical merits or on hitting their go-live dates, but rather by how deeply they impact essential business-transformation initiatives, and by how much business value and opportunity they unlocked."
"As attractive as cloud environments can be, they also come with new types of risks. Executives are asking whether external providers can protect sensitive data and also ensure compliance with regulations about where certain data can be stored and who can access the data. CIOs and CROs are also asking whether building private clouds creates a single point of vulnerability by aggregating many different types of sensitive data onto a single platform."
The strengths, weaknesses, opportunities and threats that transitioning to the Cloud entails are going to be dealt with extensively at the upcoming 12th Cloud Expo | Cloud Expo New York, being held at the Javits Convention Center in New York City, June 10-13, 2013.
The event, co-located with, 3rd International Big Data Expo, is the undisputed market-leading event in the Cloud & Big Data industry sector, and has been growing show-on-show for eleven successive and successful events.
In short - Four Busy Days, Two Crucial Themes, One Convenient Location
Here just to recap are the tracks:
Track 1: Enterprise Cloud Computing
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