Guest author Scott Geng is the CTO at cloud management software company Egenera.
It's no secret that the public cloud market has been growing like gangbusters. In fact, a recent Gartner study found spending on public cloud services is growing at more than 28% per year and private cloud spending is three times that of public cloud. That projects total cloud spending in 2016 to hit $240 billion.
Cloud computing (both public and private) will pave the way forward for how companies will deploy new IT services. Lower price points will help those organizations innovate faster, launch new services more quickly, be more responsive to market conditions and evolve their own business models.