Yesterday the Sunday Times published its annual Tech Track 100, which ranks Britain’s 100 private tech companies with the fastest-growing sales over the latest three years. This year’s trend: The cloud.
Microsoft’s Scott Dodds explains the advantages and opportunities the cloud provides for tech firms and their clients (Microsoft is the main Tech Track sponsor):
[Outsourcing to the cloud] allows organisations of all sizes to to improve their business productivity without the need to maintain complex IT infrastructure of their own. It also allows them to expand their IT systems quickly as the business grows.
According to the research firm Tech Market View, British firms are expected to double spending on cloud services to £1.2 billion by 2012. Gartner estimates that during the same period 20% of the Fortune 1000 companies “will have scrapped their own IT equipment entirely – and by 2014 the cloud computing sector will be worth several billion pounds”.