Estimated Reading Duration: 7 Minutes Is Cloud really about eliminating CAPEX and bringing Operational Efficiency in OPEX spending? A few days ago while searching for “Global Cloud Spending” I came across this very interesting report right below: The chart comes from IDC’s recent “ Worldwide Semiannual Public Cloud Services Tracker ” and depicts Public Cloud OPEX (i.e., cloud provider revenues) and “Traditional IT and Private Cloud” enterprise capital investment for the period 2016 – 2022. In other words, how much are users spending on cloud services versus how much are they investing in their own Private Datacenter infrastructure? Public Cloud use is exploding Over the seven years from 2016 to 2022, public cloud spending will jump by more than 500%. By 2022, users will be spending more than $100 billion on public cloud. Let me repeat my point: This is clearly the fastest adoption of a new technology in the history of the industry. And from ...