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Cloud Demand, Investment, and Data Security
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AI Driving Datacenter Evolution
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Overview
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US firms' demand for public cloud services and associated services is strong, driven by application modernization and AI/ML tools. The need for multi-cloud strategy is growing, with a focus on AIOps and SAP HANA migration services. Additionally, a study by HFS in collaboration with IBM Consulting reveals that only 1 out of 4 enterprises can demonstrate a hard return on investment in cloud transformation, emphasizing the need for a fundamental shift in perception of cloud as a business discussion. Lastly, the article underscores the importance of evaluating data security and compliance standards of third-party vendors for small and medium-sized businesses.
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How can businesses effectively implement multi-cloud strategies while maintaining data security and compliance across various vendors?
How might the emphasis on cloud as a business discussion impact the role of technology in corporate decision-making and strategic planning?
What are the potential implications of the rising demand for public cloud services on the technology industry and its competitive landscape?
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