The Future Of Computing Is A Toss-Up
FutureCIO, Monday, September 11,2023
Frost & Sullivan forecasts that by 2030 global infrastructure investment needs will increase by 50% over the next decade driven in part by advances in cyber-physical systems, advanced computing, mobile, analytics and cloud technologies that facilitate smarter infrastructure solutions.
FutureCIO dialogue with senior technology and finance executives reveals a general interest among enterprises of all sizes and industries in Asia to use public cloud services - barring regulatory constraints.
Gartner predicts that global spending on public cloud services will reach US$591.8 billion in 2023. Sid Nag, vice president analyst at Gartner cautions that despite the allure of cloud in part for its agile, elastic and scalable nature, cloud consumption can be contained if overall IT budgets shrink.