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PRAGMATIC INSIGHTS

Cloud Spending Mix

Businesses are spending on the cloud. Internal Private Cloud (35%), Cloud Provider Assessments/Strategy Planning (33%), Infrastructure-as-a-Service (IaaS) (31%) and Software-as-a-Service (30%) are the top four cloud computing-related projects enterprises are working on right now.  Cloud Provider Assessments/Strategy Planning have seen the largest increase, attributable to more enterprises looking to better support strategic plans with more agile, efficient IT organizations.

Source:  TheInfoPro Cloud Computing Overview Program 

 

 

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The Internet of Things

“The Internet of Things will create greater economic value for all organizations, and for the global economy”. Gartner predicts that the total economic value add for the Internet of Things will be $1.9 trillion dollars in 2020, seen across a number of industries. The verticals that are leading its adoption are manufacturing (15 percent), healthcare (15 percent) and insurance (11 percent).

 

The cloud is changing governments, healthcare, and education

Many governments are already using the Web to improve services and reduce waste. India has enrolled 380 million citizens in the world’s largest biometric-identity program, Aadhaar, and plans to use the system to make over $50 billion in cash transfers to poor citizens, saving $6 billion in fraudulent payments. In 2011, the US government introduced a Cloud First policy, which laid out a vision to shift a quarter of the $80 billion in annual federal spending to the cloud from in-house data centers, thus saving 20 to 30 percent on the cost of the shifted work. Governments can also use IT to better engage citizens, as South Korea has done with its e-People site, which helps citizens send online civil petitions for policy changes or reports of corruption.

Source: McKinsey

Engaging the next three billion digital citizens

As incomes rise in developing nations, their citizens are becoming wired, connected by mobile computing devices, particularly smartphones that will only increase in power and versatility. Although several emerging markets have experienced double-digit growth in Internet adoption, enormous growth potential remains: India’s digital penetration is currently only near 10 percent and China’s is around 40 percent. Rising levels of connectivity will stimulate financial inclusion, local entrepreneurship, and enormous opportunities for business.

 Source: McKinsey 

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