Wednesday, 21 May 2014

Hewlett-Packard would invest a billion in cloud computing

Hewlett-Packard Co plans to contribute more than $1 billion through the following two years to create and offer cloud-computing items and software.

The organization said that it would make its Openstack-based open cloud administrations accessible in 20 server farms throughout the following year and a half.

Openstack, a distributed computing suggested that HP gives a free and open-source distributed computing stage for open and private cloud administrations.

"Customer challenges today extend beyond cloud. They include how to manage, control and scale applications in a hybrid environment that spans multiple technology approaches," Martin Fink, executive vice president and chief technology officer, HP, said in a statement.

Foxconn Technology Group and HP signed a contract to manufacture servers that would provide cloud computing services.

To counter the rising competition, Google and Amazon have reduced the prices of their cloud computing services.

Cloud Computing is emerging to be an important sector under Information Technology. Many companies are planning forays into this market. Also, recently Allied Market Researchpublished a report on global cloud computing market that provides a holistic view about the technology and helps to locate various opportunities.