Thursday, February 9, 2012

Cloud Computing market to be worth $30bn by 2014

The One World Foundation India in association with The Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) organized a workshop on “Appropriate Technology Choices: Cloud Computing” on 08th February 2012 at JSK Auditorium, Red Hills, Hyderabad. Mr. Devendra Surana, Senior Vice President, FAPCCI was the chief guest for this workshop.

Mr. K. Sree Kumar, Senior IT Consultant, Mr. Siddarth, Swetcha Foundation, Mr. Phani Kumar, IT Consultant, Mr. Ilyaz Rizwi, IT Consultant, Mr. Satish Nagaraji, Manager, One World, Ms. Jyothi Singh, Senior Executive, One World, Mr. M.V. Rajeshwara Rao, Secretary General and Mr. A.S. Kumar, Deputy Secretary General are the speakers at the occasion.

Mr. Devendra Surana said that according to the research don by IT experts the global market for the cloud computing technology is expected to be worth over Rs 1.35 lakh crore ($ 30 billion) by 2014. Cloud computing is a technology that uses the internet and central remote servers to maintain data and applications. Cloud computing allows consumers and businesses to use applications without installation and access their personal files at any computer with internet access. This technology allows for much more efficient computing by centralizing storage, memory, processing and bandwidth. Cloud computing is broken down into three segments: "application" "storage" and "connectivity." Each segment serves a different purpose and offers different products for businesses and individuals around the world.

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