Value of Cloud Computing Services Through the Years

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This Infographic provides insight into The Past, Present and Future of Cloud Computing…



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Cloud Computing : Past, Present, and Future Revenue for cloud Services $148.8 bn $ $68.3 bn $ $68.3 bn $ 2009 2010 Predication for 2014 Cloud Computing Timeline 1960s Ideas about computing as a public utility emerged in public discourse and literature. Mainframe computers first used by business for computation; like census data processing, statistics, and financial transaction processing. Analysts predicted 2009-2010 woudl see a 19% increase in cloud revenue. Expected IT Spending in 2011 is $3.6 Trillion Cloud computing accounts for only 2.3% of the global market. Cloud Computing Precursors Client-Server Model Distributed applications which distinguish between providers (or servers), and clients. Grid Computing: A virtual computer, composed of a cluster of networked, coupled computers (in order to perform larger tasks). Peer-to-Peer: Participants are both suppliers and consumers, using distributed architecture without the need for centralization. Service-Oriented Computing: Like cloud computing, this service oriented version implements computing techniques, leveraging software-as-a-service. Value of Cloud Computing Services Through the Years 1997 The term "cloud computing" was first used by information Systems Professor, Ramanath Chellappa. Billions of Dollrs 50.1 148.8 (CIO) (Gartner) 68.30 58.60 46.41 2008 2009 2010 2011 2012 2013 2014 Projected Value 2001 Autonomic computing evolved as systems to aid self-management. 2006 Amazon offered "Amazon Web Service" cloud computing to customers. Ads for full-time IT jobs focused on cloud computing grew 344% between Nov. 2009 - Nov. 2010. 2007 Research on cloud computing was undertaken by companies like Google and IBM. Demand for server visualization grew 79% between Nov. 2009 - Nov. 2010. Implementing cloud computing can cause operating expenses to drop by about 40% a year. Early 2008 Open source AWS API Compatible platform called Eucalyptus offered private clouds. Packaging of computing resources became a metered services called Utility Computing. Cloud computing uses 1/10 the energy of a PC. Mid-2008 Organization began switching from company-owned hardware to cloud services. 2009 The National Science Foundation awarded approx. $5 million in grants for researching cloud computing Key Features: A cloud computing survey of 250 companies asked which key features attracted them to cloud computing. 2010 Microsoft Azure became commercially available. 77% Efficiency 68% Reducing Capital Costs 61% Easing Staffing Issues 2011 The coming year is likely to see emerging economies favoring the cost transparency of cloud computing. Its scalability and identification of specific costs, along with rapid innovation by CSPs and SaaS, suggest that cloud computing is going to be a formidable force in coming years.