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A blowout earnings cycle hides strategy shift from cloud vendors

by Christa Heydt-Hernandez, Jun 1
1 minute read

Demand for cloud computing has been growing over time with more companies shifting their IT workload to the cloud. What’s interesting are the areas of investment among cloud computing companies in data, artificial intelligence and higher-level services where these services will be used within specific industries.

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So what?

Microsoft’s Azure, Google Cloud and Amazon Web Service, the big three cloud providers, are each applying investments in data, artificial intelligence and higher-level services to provide new products, services and opportunities in healthcare, financial services, telecommunications and industrial manufacturing. These moves are enabling business to reimagine their futures where data is a strategic asset and how they are able to leverage and use it will guide the computing needs they look for from the cloud. Data and AI will unlock new opportunities for things like increased personalized medicine, fraud detection and image recognition and may also open new concerns about data privacy and cyber security.



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