IBM Targets Big Businesses for Its Cloud Computing Offerings IBM has made no secret about its ambitious plans in the cloud computing space (See: IBM Expects to generate $7 billion In Cloud Computing Revenues By 2015: CEO). It has put its money where its mouth is, investing in building up cloud computing capacities across the world (See: IBM Invests $38 million In Singapore Data Center to Address Asia-Pacific Cloud Computing Needs). Now, in a step in this direction, IBM announced the development of “SmartCloud”, a cloud-based solution aimed at big businesses. Unlike other large players like Google and Amazon who
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Breakout Quarter for Cloud Computing Stocks Some time back I had discussed the possibility of cloud computing stocks being valued more than they are worth (See: Are Cloud Computing Stocks Overvalued?). While, personally speaking, I believe that cloud computing stocks have more solidity than their vaporous counterparts during the Dotcom Bubble, I did recommend caution. Perhaps this quarter will be a good time to examine the fundamentals of cloud computing stocks, considering they have had the best time in the markets in recent times. A lot of the exuberance was fueled by consolidation in the space, with some bigger companies
Mainframes -> PCs -> Cloud Computing? “I think there is a world market for maybe five computers.” – Thomas J. Watson (1874-1956), former president of IBM. “640 KB is more memory than anyone will ever need.” – Bill Gates, founder of Microsoft. Although there is no documentary evidence of these quotes having actually originated from these two stalwarts of computing, the fact that there is considerable popular literature attributed to them is evidence of the prevailing thought at different times in computing history. So, what do these two quotes tell us? Only that expectations in the computing industry change considerably
Is Consolidation Coming to Cloud Computing? In recent times, the biggest news in cloud computing has been Hewlett-Packard’s (HP) entry into the sector. And this entry is not a side business; the new CEO truly believes the company’s future lies in the cloud, going on record saying, “Everything that we do in the future will be delivered as a service.” (See: HP Declares Ambitious Plans in Cloud Computing Space). Now, HP is truly a big boy in the IT space, in fact the biggest boy among all the IT companies in terms of annual revenue (by market capitalization it’s a
On 11 March, IBM announced a $38 million investment in a new IBM Asia Pacific Cloud Computing Data Centre in Singapore. This center will help deliver the company’s cloud computing services to clients in the Asia Pacific region which has seen a tremendous growth in demand. “IBM’s investment in our Asia Pacific Cloud Computing Data Center in Singapore reflects the increase in demand for cloud solutions and services by our clients in the region,” said Andrew Sotiropoulos, General Manager at Global Technology Services IBM for Asia Pacific. “The Center will provide the highest security standards and capabilities to minimize capital
IBM expects to generate $7 billion in cloud computing revenues by 2015: CEO That some of the big IT players are expecting big bucks from cloud computing is nothing new; what’s new is Big Blue IBM’s amazing optimism on the future of the market in general and its fortunes in particular. On 8 March 2011, IBM CEO Sam Palmisano said that he expected the company to generate $7 billion in cloud computing revenues by 2015. He was speaking at IBM’s annual investor meeting. Palmisano remarked that cloud computing “is the next technical shift in the enterprise” and that it “represents
