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IBM: Cloud Computing Will Cannibalize Other Parts Of The IT Business

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November 12, 2010
FedCyber Wire
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“IBM (NYSE:IBM) expects the adoption of cloud computing to add significant growth to its business over the next five years even as it cannibalizes much of its existing business.

Richard Michos, vice president of channel strategy for IBM, told a group of solution providers attending the Xchange Tech Innovators conference on Wednesday that cloud computing is one of four ‘megatrends’ IBM expects to impact its goal to increase business over the next five years, and that they had better prepared for those impacts. “

(IBM: Cloud Computing Will Cannibalize Other Parts Of The IT Business)

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