Putting The Cloud Into The Hands Of Enterprises
The Next Platform, May 11th, 2020
May 11, 2020,
Volume 266, Issue 2
The Covid-19 pandemic has blown a hole in many of the world's economies, forcing many businesses to temporarily shut their doors, send employees home to telework, and in some instances cut their workforces
"In the United States alone, more than 20 million jobs were lost and the unemployment rate went up to more than 14 percent. Companies choked with cash-flow problems have been left to manage their way through the coming months, trying to find places in already tight budgets where they can shave a few dollars.
The tech industry hasn't been spared from all this. IDC, which in April said that IT spending in 2020 would decline year-over-year by 2.7 percent due to the coronavirus outbreak, downgraded that prediction this week, predicting that IT spending will fall by 5.1 percent. However, despite those bleak forecasts, there are some bright spots on the tech front. Given the large numbers of employees now working from home, virtual desktop infrastructure (VDI) vendors have seen increases in use and video conferencing services providers are seeing demand spike. Zoom has said that the number of daily meeting participants jumped from 10 million in December to 300 million in April..."
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