Cloud computing and what it means for entrepreneurs
July 20, 2014
All this week we are focussing energy on two growing markets – the rise of cloud computing, its use by business and government and the ability for start-up entrepreneurs to harness its potential and App development. To set the scene as we focus on cloud computing we thought some research facts and figures were in order as well as a definition of what Cloud Computing actually is! All this week we will be delving deeper into both the rise of the App market and Cloud Computing but, before we do, some interesting research and facts when it comes to the cloud:
In 2008, the global cloud computing industry was estimated to be worth $46 billion. By the end of 2014 the industry is predicted to be worth more than $150 Billion.
According to a recent survey completed by Forbes, three quarters of those surveyed use some form of cloud computing platform, whether that’s for emails, storing photos, music streaming or address books and calendars. The most used cloud computing platforms were: Google, Microsoft and Amazon.
86% of companies use more than one type of cloud computing service with most using four or more.
Studies predict that more than 50% of all information technology will be in the cloud within the next five to ten years.
In the next five years hybrid clouds are expected to represent 43% of the market.
By 2016 the Asia Pacific is expected to account for 1.5 Zb of global cloud computing usage – making them the highest users worldwide. By comparison, the second highest user will be North America accounting for 1.1Zb (a Zb is a Zettabyte, which is one billion Terabytes).
As for the definition (thanks Wikipedia!): Cloud computing is the delivery of computing as a service rather than a product, whereby shared resources, software, and information are provided to computers and other devices as a utility (like the electricity grid) over a network (typically the Internet). Clouds can be classified as public, private or hybrid.
The opportunities for entrepreneurs are fairly obvious:
1. The market trend is seeing companies already move from heavy hardware based infrastructure and old networking connections towards the cloud
2. The predicted size of the market in terms of potential spend is enough to make anyone’s head spin and on that basis alone a decent business model that is well executed should lead to success.
So, remember, all this week we are going to provide some insights into who is already playing in the cloud computer market and how you can harness of this market!
You can’t go past a news paper, radio show or television news story these days without being flooded by all things Bitcoin or Crypto Currency. Some say it’s the new world of money while others suggest its all just a passing fad. Whatever your position or preference of...
This week I announced a suite of measures for the Government to consider when it comes to small and medium sized business and what we can all be doing as we start to look at emerging from the COVID19 lockdown. The reality is that a good number of small business owners,...
As someone who has been working in suicide prevention for some years now i know that often having a simple conversation can make all of the difference when a loved one is doing it tough. COVID 19 and the lock down tends to amplify how we feel when we are isolation or a...
We know that mob out there are uncertain as to what the COVID-19 / Corona Virus means for them – this can cause us all to panic and some in community more so that others. Panic attacks can compound the situation so we gather some information about what you can do now t...
Don’t forget our elders can suffer in silence too: suicide prevention
Many people think that mental health and suicide are not topics that impact our elders but they could not be more wrong. The data tells us there continues to be an emerging trend when it comes to peop...