You may have seen the recent Harvard Business Review article in which Michael Porter and James Heppelmann describe How Smart Connected Products Are Transforming Competition. These smart connected products (a.k.a. the Internet of Things) are seen to be unleashing the third wave of IT-driven transformation and a new era of competition.
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Without question, cloud computing and the Internet of Things (IoT) are two of the hottest mega-trends in technology – and for good reason. The rise of cloud, of course, has changed the equation for organizations calculating infrastructure costs. It has done so by offering on-demand computing, storage and network services with easy scalability and, often, massive savings compared to conventional on-premise approaches.
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Cloud computing is currently one of the most inescapable topics in IT, and for good reason. On-demand compute, storage and network resources enable highly scalable businesses and, in many instances, substantial savings over traditional infrastructure. An April 2014 report by IHS estimated that more than $174 billion would be spent on cloud solutions this year.
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