Cisco Invests $1B in Cloud Computing

More than $1 billion over the next two years -- that's what Cisco Systems is planning to spend to build what it's dubbing the Intercloud, the worldEUs largest global network of clouds to enable the Internet of Everything.

In fact, Cisco is architecting the Intercloud with the Internet of Things in mind. This super network of connected clouds will have the capacity to handle high-value application workloads, real-time analytics, scalability that is nearly infinite, and regulatory compliance with local data laws in countries across the globe.

The Cisco OpenStack-enabled Intercloud aims to allow users to combine and move workloads -- including data and applications -- across different public or private clouds as needed without compromising associated network and security policies.

EUThe timing is right for Cisco and its partners to invest in a groundbreaking, application-centric global Intercloud to provide broader reach and faster time to market,EU said Robert Lloyd, president of development and sales at Cisco. EUTogether, we have the capability to enable a seamless world of many clouds in which our customers have the choice to enable the right, highly secure cloud for the right workload, while creating strategic advantages for rapid innovation, and ultimately, business growth.EU

A $19 Trillion Opportunity

HereEUs the big picture: Cisco has pegged the networked connection of people, data, processes and things, which it calls the Internet of Everything, as a $19 trillion economic opportunity in the next 10 years.

We asked Zeus Kerravala, principal analyst at ZK Research, for his take on the billion-dollar announcement. He told us some have said Cisco was a little late to the cloud party but this initiative proves that theory wrong. As he sees it, Cisco waited until it could roll out something different than the hundreds of cloud services already on the market.

EUThe Intercloud is extremely well-fitting because they are...

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