Cloud computing has emerged as an efficient and flexible way for companies to outsource IT capabilities on large offsite computers. IESE Prof. Josep Valor of the Department of Information Systems discusses the future of the cloud and how firms will increasingly rely on cloud-based IT services, rather than invest capital in proprietary infrastructure.
The potential benefits of cloud computing are numerous. In addition to saving energy, the cloud can provide greater flexibility and allow companies to better focus on their core competencies. For these reasons, there will likely be a massive shift to cloud-based solutions in the long term.