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.
