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Rajesh Vadivelu

CEO, 2 months

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Building the infrastructure to support cloud computing now accounts for more than a third of all IT spending worldwide, according to research from IDC
  • Debt SECURITY
  • Direct equity
  • Growth
Cloud computing is the delivery of on-demand computing services -- from applications to storage and processing power -- typically over the internet and on a pay-as-you-go basis.Rather than owning their own computing infrastructure or data centers, companies can rent access to anything from applications to storage from a cloud service provider.One benefit of using cloud computing services is that firms can avoid the upfront cost and complexity of owning and maintaining their own IT infrastructure, and instead simply pay for what they use, when they use it.In turn, providers of cloud computing services can benefit from significant economies of scale by delivering the same services to a wide range of customers.Cloud computing services cover a vast range of options now, from the basics of storage, networking, and processing power through to natural language processing and artificial intelligence as well as standard office applications. Pretty much any service that doesn't require you to be physically close to the computer hardware that you are using can now be delivered via the cloud.