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Technology Stocks : Investing in Exponential Growth

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From: Paul H. Christiansen	7/22/2016 9:17:23 AM
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Cloud Computing's Big, Disruptive Multiple Hundred Billion Dollar Impact Another day, another report about how cloud computing will upend the way businesses buy and use technology. This time out, market research firm Gartner IT -0.54% said $111 billion worth of IT spending will shift to cloud this year, and that number will almost double to $216 billion by 2020. The move to cloud computing, which has given traditional hardware and software providers heartburn for years now, will thus become “one of the most disruptive forces of IT spending” since the beginning of the computing era, Gartner analysts said in a new research note. That’s because many companies ranging from tiny startups to Fortune 500 behemoths that previously bought and maintained their own computer servers, storage, and networking gear in their own data centers are now shifting to having other companies handle it for them. fortune.com

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