Why 2015 will be the year the cloud grows up

By the end of next year, one of the global infrastructure–as–a–service providers will drop out of the race and price cutting will be the new normal for those left standing.

Cloud computing came a long way in 2014. Previously of interest mainly to developers and website owners, it has become an important part of any company’s IT strategy reaching the CEOs desk as an important tool for increasing business agility.

It’s now an important part IT budgets, too. Australian companies spent $1.23 billion on public cloud services in 2013 and are expected to spend nearly four times that much by 2017. Globally, cloud spending will reach $250 billion by that time.

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