Digital Media Buzz > Cos reach for next big cost-saver: Cloud computing

Cos reach for next big cost-saver: Cloud computing

By: economictimes.indiatimes.com

MUMBAI: Indian enterprises are soaring to the cloud, as the cloud computing business here is expected to skim the skies in a few years. Software as a service (a part of cloud computing) market in India was about $70 million in 2008, and cloud computing is expected to hit the $1-billion-mark soon.

Cloud computing refers to shared computing resources, storing data on a virtual platform rather than on an individual hard drive. In 2006, Google’s chief executive Eric Schmidt publicly introduced the term ‘Cloud Computing’ to Silicon Valley and it’s trickled down to India over the past one year. Everyone wants to fly high on the cloud making money by helping others save money……[read entire article]