We’re all on the lookout for the next big thing, and we want to find it – and get it in our stock portfolio – before it becomes the next big thing. In our day technology is the thing to invest in as there is the potential for a real explosion of growth as new applications are adopted. Two of the top choices in the field are smartphones and cloud computing.
Cloud computing makes the short list as it is one of the fastest growing technologies of the day. There is a massive potential behind this new-ish trend and it is being used more widely and for a more diverse variety of clients every day.
The basic concept behind cloud computing is to allow the user to save and store all kinds of information, documents, photos, videos etc., away from the device, in a virtual space. This allows access from almost anywhere without the need to store it on your computer. It also allows syncing files across a number of devices with shared access.
The virtual storage makes accessing files extremely convenient as it can be done from anywhere there is an Internet connection. This provides a fantastic option to the businesses person who travels or needs the flexibility to work from home or anywhere else to get their work done without losing the ability to share files and collaborate.
Cloud computing also provides the benefit of backup on a remote device. While there are security issues with storage in the cloud, it does prevent a number of safety issues. For example, data stored in the cloud is not vulnerable loss in the case of theft or damage to your computer or device.
Most services offer a free version with a limited amount of space offering upgrading to become a member for much more space. This is usually done by subscription or on a pay-as-you-go basis.
As you would expect, not all cloud computing companies are created equal. There are many different companies, large and small, offering cloud computing services but a few these have distinguished themselves as the kings in the field. With the great majority of the users between them, they are set to be the fastest growing and most rapidly expanding of the providers, increasing the variety and quality of services they offer every day.
Amazon (AMZN) is generally recognized as a pioneer in cloud computing as it offers those services through Amazon Web Services (AWS). With hundreds of centers worldwide and billions of items in its retail catalog, Amazon itself has benefited from cloud computing.
With clients like Dropbox, Netflix and Yelp, Amazon also offers cloud storage with S3, and its Elastic Compute Cloud (EC2) is said to run on 450,000 servers around the world. Amazons growth in the third quarter of 2021 was up 27% from the same quarter the year before. A 14% rise in share prices is predicted in the next 12 months.
Microsoft (MSFT) has also been both using and providing cloud services. It’s provided a new for IT in implementing a business strategy, which can have a huge impact on the ability of a company to compete. Microsoft has launched SkyDrive, a service that offers 7gbs of free space.
The recent growth in Microsoft can be at least partly attributed to the fact that they truly are a leader in the area of cloud computing and have have helped customers the world over by offering service such as software and other tools that give them a hand up in their computing.
Google (GOOG) has on offer Google Drive which offers 5 gbs free space and can be used with any Gmail account. In fact, Google Docs and many other applications are also extremely popular and utilize cloud computing to allow collaboration and sharing of documents. With Google you know you can always expect something bigger and better on the horizon, too.
Both businesses and individuals are making use of cloud computing and as the demand for services grows the technology to meet those demands improves all the time. In order to compete, businesses will be switching to the cloud and demanding better service, meaning that the technology will only continue to grow. Cloud computing will also continue to infiltrate more of our digital activity.
Convenience, innovation, the ability to compete and save on hardware are all reasons that this technology is only set to grow. If you think you’ve been hearing a lot about cloud computing in recent months, you can expect to be hearing even more about it as time goes on right up until we stop talking about it completely because it is the norm.
With the current boom in cloud computing which is expected to continue through the coming years there is a great opportunity for investors. Companies like Amazon, Microsoft and Google all look very promising in terms of growth and have the most to offer for those looking at cloud computing stocks.