This morning I was reading a newsletter from the guys at Motley Fool who had some good long term investment advice regarding the future of personal computing and how it has continued to evolve. According to the IT-consulting firm IDC every dollar a company spends on a Microsoft product results in an additional $8 of IT expenses. Another IT expert admits, "Trillions of dollars that companies have invested into information technology have gone to waste. Yet, companies have had no choice but to run these obscenely expensive and highly inefficient data networks. But that's all about to change.
"cloud computing" and the thousands of miles of fiber-optic cable laid during the late 1990s, the speed of computer networks has finally caught up to the speed of the computer processors. As IT expert Nicholas Carr explains, "What the fiber-optic Internet does for computing is exactly what the alternating-current network did for electricity." Suddenly computers that were once incompatible and isolated are now linked in a giant network (internet), or "cloud." As a result, computing is fast becoming a utility in much the same way that electricity did.
"The next sea change is upon us." -- Bill Gates
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