Is Cloud Computing a Threat to Older Tech Companies? – The IDC suggested that many industry giants may scramble to maintain relevance, while some startups would gain leadership positions in what some anticipate will be the technology industry’s fastest transition ever.

Today’s major players may be in trouble if they don’t prepare for change.

Among the notable claims in the forecast, the IDC said that spending on hardware, software and services in cloud computing systems alone will be $60 billion in 2012. The growth rate in this sector is about four and a half times that of the industry overall. more>


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