Until the dot-com bubble peaked and burst in the early 2000s, businesses were traditionally willing to spend part of their capital in updating their software and hardware as needed. But after the dot-com meltdown, companies found themselves with less cash to spend, implemented hiring freezes and began hunting for ways to continue their operations with less staff and fewer expenditures.
For these businesses, cloud computing offered multiple solutions. It enabled businesses to reduce their capital expenditures, modernize their legacy IT and could be implemented faster and easier.
In addition, cloud computing decreased operational complexity, made the software development lifecycle run more smoothly and enabled new features or capabilities to be added to an existing system. Cloud computing soared in popularity as the demand for it increased in both business and government markets. [Read more…]