Cloud spending hits new high in pandemic working world

Spending on cloud infrastructure grew hugely in the last quarter of 2020 as businesses around the world continued to invest in new remote working services. The latest figures from analyst firm Canalys saw a 32 percent year-on-year increase in cloud infrastructure spending in Q4 2020 as investment reached $39.9bn – what it called the “largest quarterly expansion in dollar terms” …

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Security concerns ‘biggest barrier’ to public cloud adoption

Among the businesses that are yet to adopt public cloud, the majority (58 percent) are holding off due to cybersecurity concerns. This is according to a new report from Centrify, based on a poll of 200 UK business decision makers, which also states that more than a third of public cloud adopters are less than 80 percent confident in its …

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IBM profits slashed almost in half in 2020, despite cloud growth

Despite relative success in the cloud market, IBM has reported a decline in revenue for both Q4 and its 2020 fiscal year, leading to a significant fall in profits. On an earnings call, the company reported $20.4 billion in revenue for the fourth quarter of the year, less than the $20.67 billion analysts had anticipated and six percent less than …

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Google Cloud has the ‘best performing cloud’, but AWS the most cost-efficient

Among the big three cloud providers – Amazon Web Services (AWS), Microsoft Azure and the Google Cloud Platform (GPC) – the latter is the best performer in terms of throughput. AWS, on the other hand, has lowest network latency. This is according to the third annual Cloud Report, published recently by commercial database management firm Cockroach Labs. As per a …

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More businesses willing to place trust in cloud since start of pandemic

A new report from cloud storage provider pCloud shows just how important cloud solutions have been during the pandemic. Polling 1,500 businesses in the UK, France and Germany, pCloud found that two thirds have more trust in the ability of cloud to keep their business running than before the pandemic. Further, 69 percent expect home working to be the default …

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UK government urged to go all-in on cloud

If the UK government wants to close the gap on digital transformation leaders China and Russia, it needs to go all-in on cloud technologies. This is the conclusion of a new report delivered to the Cabinet Office last week. Behind the proposal sits the Commission on Smart Government (CSG), a project of GovernUp, an independent group of business leaders and …

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More than half of organizations that store customer data in the cloud had security incidents in 2020

Of all the companies storing customer data in the cloud, more than half (54 percent) suffered a security incident last year. This is according to a new report from Netwrix, which states that most businesses (62 percent) are contemplating removing sensitive data from the cloud as a result. Some have already done so, it was added. Data theft scenarios are …

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Most businesses struggling to optimize public cloud

Businesses everywhere are becoming increasingly confident in the public cloud and are using it more than ever before. However, they are still struggling to optimize its performance, often unable to ensure seamless availability and always-on access. This is according to a new report from Barracuda, based on a poll of 800 global IT decision makers, which claims that almost four …

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Financial services sector pushing hybrid cloud usage more than ever

The financial services sector is pushing hybrid cloud usage more than ever, a new report from Nutanix states. The company’s third annual Enterprise Cloud Index Report claims that financial services firms expect hybrid cloud to be the only IT model to show positive growth within half a decade. It is expected to grow by 39 percent during that time. Furthermore, …

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