Even as many still regard it as a ‘new technology’, experts and senior industry leaders are of the view that Cloud is increasingly becoming a game-changer for Indian information technology (IT) services companies. According to leaders in the sector, as much as 20-25 per cent of the large outsourcing deals now include ‘flavours of cloud’.
Clients across industries have started to see benefits from adoption of Cloud and are more ready now than before to invest heavily into this technology. Thus, IT servicesproviders with higher Cloud capabilities stand to benefit higher going forward, experts said.
Cloud computing, in simple terms, refers to storing and accessing data and programs over virtual infrastructure through a network (which is typically the internet), instead of physical infrastructure such as servers and hard drives. The use of Cloud helps in reducing capital costs of installing computers, services and other machinery.
IT industry body Nasscom had in its Strategic Review for 2014 said that Cloud along with a few other technologies such as internet of things, smart grids and 3-D printing would drive key client investments during this year.