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Gartner: Enterprise IT Spend Will Pass $3.6 Trillion In 2012, Cloud Investments Rise To $109B

Gartner has updated its forecasts on IT spend worldwide: spend in areas like hardware, software, and IT services are going to drive total investment of $3.6 trillion into IT overall. Gartner calls that number “lackluster,” in that it’s only slightly higher than Gartner projected last month, and only three percent more than 2011′s $3.5 trillion figure. However, what’s noticeable is that we are continuing to see a strong appetite for cloud computing. It will reach $109 billion in 2012 and will almost double in value by 2016 to $209 billion. The survey canvases activity from over 75 percent of Gartner’s Global 500 list of top companies, and the analysts say that factors that are hemming in growth include the eurozone crisis, a slowdown in China and a weaker-than-expected recovery in the U.S. — all ongoing issues for the world economy. ”There has been little change in either business confidence or consumer sentiment in the past quarter, so the short-term outlook is for continued caution in IT spending,” notes Richard Gordon, research vice president at Gartner, in the report. Gartner’s forecasts do not include...

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5 Things You Need to Know About Where Google Is Going Next

On the last day of the Google I/O developers conference, we sat down with engineering director Peter Magnusson to digest the introduction of Compute Engine, which adds Google-scale processing power to the company's list of cloud offerings designed to take on Amazon Web Services. Here are the announcement's five key implications.

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Red Hat Announces Four Hybrid Cloud Products

Red Hat has announced four open source products for operating hybrid clouds, including one for setting up your own OpenShift PaaS...

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Red Hat Announces Pricing Plan for OpenShift

The PaaS will come in free and paid tiers.

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Eucalyptus Systems Aims For Private Cloud Dominance

Marten Mickos is working on a joke. He has the opening line — “An ops guy, a VMware guy, and a cloud guy walk into a bar…” — but he hasn’t figured out what the punchline is, yet. Mickos is the former CEO of MySQL AB. Today he’s the CEO of Eucalyptus Systems, developers of private infrastructure as a service solutions, and he thinks about “The Cloud” a lot. Eucalyptus Systems is releasing version 3.1 of their infrastructure as a service (IaaS) product today, with a number of new features, improved installation options, and a renewed commitment to open source. 

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