Internet speeds and penetration remain the main bottleneck for cloud expansion in the country, leading to pricing issues.
With the emergence of virtualized, private network connections, offered by telecommunication companies in the 1990’s, the first rumblings of another technology revolution began to take seed – the cloud.
IT intelligence and analysis firm Gartner Says by 2020 “Cloud Shift” Will Affect More Than $1 Trillion in IT Spending, making cloud computing ‘one of the most disruptive forces of IT spending since the early days of the digital age’.
Why cloud is the future?
Cloud computing is the at the heart of innovations that are defining the technology of the future – whether it is machine learning, artificial intelligence the Internet of Things or big data analytics, cloud is the core requirement enabling the expansion of these technologies Today, there are more than 13 billion interconnected digital and electronic devices in operation globally, the equivalent of nearly 2 devices for every human on earth. With billions of people connected to the internet, the number of connected devices is set to exceed 50 billion by the year 2020. These include not just enterprises but consumer devices as well. Only cloud has the capacity to hold this vast amount of data. The trillions of dollars’ worth cloud services market has offered businesses the chance to overcome cost bottlenecks in expansion and ‘live’ forever.
About Symphony SummitAI
Symphony SummitAI’s advanced, modular solution unifies service management, asset management, and operations management into a single, easy-to-use platform. Enterprises and service providers use SummitAI to dramatically reduce the cost and complexity of their IT management while improving efficiency, productivity, predictability, and control. Leading enterprises across financial services, healthcare, manufacturing, education, and many more verticals are delivering exceptional user experiences while lowering their IT costs using Symphony SummitAI. Symphony SummitAI is a portfolio company of SymphonyAI.
SymphonyAI is building the leading enterprise AI company for the digital transformation of the business enterprise, across the most important and resilient growth verticals, including life sciences, healthcare, retail, consumer packaged goods, financial services, manufacturing, and media. In each of these verticals, SAI businesses have many of the leading enterprises as clients. SAI is backed by a $1 billion commitment from Dr. Romesh Wadhwani, a successful entrepreneur and philanthropist. Since its founding in 2017, SymphonyAI has grown rapidly to a combined revenue run rate of more than $300 million and over 2,200 talented leaders, data scientists, and other professionals.