The cloud is raining billions

The cloud is here to stay.

Amazon.com, Google and Microsoft all topped profit estimates last quarter, adding more than US$90 billion in market cap in after-hours trading following their earnings reports last Thursday. The cloud boom is definitely looking like it is here to stay.

With more people going mobile, computing services: software and data delivered over the internet will continue to boom. Every business in the world will eventually switch to the cloud.

My own concern is that it is time to pay more attention to the cloud, develop more cloud-based solutions that can be hawked to businesses, especially those just starting out. Amazon, Google and Microsoft are playing at the Infrastructure-As-A-Service (IAAS) level. We can easily play at a Software-As-A-Service (SAAS) level, building real tools (not toys) that businesses will need to get going.

If the cloud is raining billions of US$, time to bring out your buckets.

What say ye?

 


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