Believe it or not, cloud computing has been around in practice (if not in name) since the 1950s. Back then, computers cost millions of dollars per machine, so companies shared them to cut costs.
It wasn’t until 50 years later, in 2006, that we began to call CPU time-sharing “cloud computing.” At an industry conference that year, Google’s then-CEO Eric Schmidt remarked, “What’s interesting is that there is an emergent new model…It starts with the premise that the data services and architecture should be on servers. We call it cloud computing — they should be in a ‘cloud’ somewhere.”
Sure enough, Schmidt was right, and his term stuck. Today, 93 percent of organizations use cloud services, according to McAfee, and 80 percent of their IT budgets will soon be devoted to cloud computing.
Despite the obvious and long-standing movement toward the cloud, some executives still fear off-site IT.
Read the full article on ISBuzzNews.