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I’m your host Chris Versace, these are my 1-1 conversations with the movers and shakers in the business world that take you behind the scenes and in the know.
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I know you and I have been hearing a lot about it. Companies from Microsoft (MSFT) to Apple (AAPL) and Google (GOOG) with their One Drive, iCloud and Google Docs offerings as well as Amazon (AMZN), Salesforce (CRM), VMware (VWM) and others are involved. But what is the Cloud and what does it mean for you and corporate America?
In it’s simplest form the Cloud provides online resources of software, platforms, and infrastructure that are available “as-a-service” for users to consume. It’s changing how companies and other institutions not only think IT, but how they are utilizing and managing it. According to research firm IDC, public Cloud spending was $47 billion in 2013, and will double in less than 4 years to $107 billion.
Growth like that is bound to catch investor eyes, but understanding the various aspects and opportunities associated with the Cloud is key. That’s why we’re PowerTalking today with PowerTalk is Jay Chapel, CEO of Cloud Management Solution Company Ostrato.
As you’ll hear, despite all of the talk about the cloud over the last few years, Jay says we’re only in the first or second inning of what’s coming. Like any fast growing industry, there are pain points along the way and for some like Ostrato that means opportunity.