The Benefits of Cloud Computing

The benefits of Cloud computing cannot be under estimated. The biggest player in this new technology is the e-commerce giant Amazon(AMZN). Amazon Web Services(AWS) generated over $12.0 in  revenue in 2016. Other companies such as Microsoft(MSFT), Alphabet(GOOG) are also growing their cloud offerings.

The following chart shows some of the benefits of cloud computing over traditional IT:

Click to enlarge


Source: Global Technology – Cloud Computing: In Early Stages and Spreading Globally by Paul Greene, T.Rowe Price

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