Cloud IT infrastructure spend will scrape $70B this year

Cloud computing has served as a lifeline in the business disruption caused by the pandemic. While interest, and investment, in cloud has been surging for years now, we can expect a further turbo injection as a direct result of the current climate. Billions of private and business users now take advantage of this on-demand technology – 78 percent of companies were already using public or private cloud in 2019, according to IDC data. It’s changed the way people communicate, manage data and do business, and has made advanced capabilities like data analytics, machine learning, artificial intelligence accessible to really any company that wants them.