Tag Archives: Cloud

Cloud Computing Projections: A Rant

Cloud Financial Projections

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Question: What is the last Cloud financial projection you heard or read about? What was the number? Was it an astronomical figure slated for more than five years removed? If you’re like me, I constantly read Cloud Computing projection articles which lay claim to Cloud services and data center services gaining X level of revenue by X year. Also, if you’re like me, the more articles you read about the financial projections of Cloud Computing solutions, the less and less you trust the projections. Sure, it’s great to say that Cloud hosted services will head north of $135 billion by 2020, but the truth is, all the projected figures are just that, projected financial figures. Just like projections for stocks, no one really knows if a certain number is going to be hit or not.

Why?

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Selling the Internet of Things

Marketing the Internet of Things

In an IoT article published today, BGR referenced a December 2013 report which stated the Internet of Things industry will be worth $309 billion by 2020. Further, Cisco CEO John Chambers noted the staggering financial figure of $309 billion is just the tip of the iceberg.

“At the Mobile World Congress trade show, Chambers said he believes the Internet of Things will create $19 trillion in ‘economic benefit and value’ in the next decade.”

Let that sink in for a moment. $19 trillion, with a T, in “economic benefit and value” over the next decade. As $19 trillion is a massive number, here is some more information for you. In 2010, there were roughly 9 – 10 billion connected Internet of Things devices in operation. By 2020, that number is expected to jump to 50 billion. If the history of the IoT history tells us anything, the predictions might be right and yet, if predictions tell us anything, the numbers might be coming from thin air.

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