Not exact matches
But, he explained that the trend of businesses moving to
cloud computing technology and related
cloud services means companies are still spending
money, just not
on older technology.
That there would be job cuts at a legacy IT provider is almost a forgone conclusion as these companies, many of which made the bulk of their
money on pricey, proprietary hardware and software, must adapt to a world in which more companies send more of their
computing jobs to a public
cloud provider like Amazon @amzn (amzn) Web Services.
To solve this problem you pay one trade fee to invest your
money into a motif of stocks that are focused just
on cloud computing.
By using the
cloud, a business can reduce the amount of
money it spends
on procuring and maintaining its own IT infrastructure, and instead pay usage fees to the
cloud provider based
on the business's usage of
computing resources.