| Alibaba All Set To Push In The Cloud Computing Domain
Tech News
Medium
January 27, 2016
Alibaba is all set to launch a big data cloud platform known as AliCloud for businessesAlibaba Group Holding operates several online market places where it offers Business to Business (B2B) and Business to Consumer (B2C) services. The people of China buy and sell their desired product on these platforms. From being an e-commerce behemoth, it also started to develop its business in the cloud computing sector. The company wanted to be known for something else than its core retail business.
According to sources, it is believed that the Alibaba Group is all set to take a major step forward in the cloud computing industry. The firm will be starting a big data cloud platform in the coming times through which it plans to do its major business. The newly developed cloud business will develop data asset technology available all across the boundaries of China.
The cloud computing division of Alibaba, AliCloud, stated “the cloud ‘Big Data Platform’ would offer an initial 20 products or solutions and services, which would cover all aspects of the so-called data development chain. This includes data services and visualization products that assist with data processing and analysis, but also provide a compute engine with capabilities for machine learning.”
Alibaba is working hard to improve its cloud computing segment. A couple of days ago, the company joined hands with Nvidia Corporation in order to work together for the first ever GPU based high performance cloud computing platform in the country. If sources are to be believed then Alibaba’s recent push in the market will see a massive jump in revenue. Soon, the cloud computing services will worth over $1 billion of the company’s revenue by the end of 2018.
AliCloud will invest nearly $1 billion on various Big Data cloud technologies for companies. The president of the subsidiary, Simon Hu, stated at the launch in Shanghai, “The Big Data Platform fulfills our vision of sharing our vast data troves that will create immense value to our users. What we want to do at Alibaba is turn the data-processing capacity and data-security capabilities that we’ve accumulated over the last decade into a product, so that data becomes a resource and a service that we can provide our clients.”
Mr. Simon Hu further added that its company will follow a vigorous expansion plan in the Asian region alongside maintaining more or less the same pace for the growth in Europe and Middle East areas as well. For that matter, Alibaba is opening its second data center in Silicon Valley to not only meet its rising demand in cloud industry but compete against the likes of top name cloud businesses as well.
The public cloud sector offers a market opportunity worth $120 billion across the globe, so now the Chinese e-commerce giant is all geared up to compete with Amazon- the uncrowned king of the fraternity whose revenues escalated by $2.1 billion during the third trimester of the fiscal year of 2015.
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