The IT world is abuzz with regular updates about cloud computing. According to a latest update, the multinational technology and consulting major IBM has set an ambitious target of deriving $7 billion in revenue from cloud computing by 2015. 

For this, IBM is in the process of setting up a data centre in Australia to serve the Asia Pacific region.

According to G Dha¬raniba¬lan, executive, global tec¬hn¬ology services, IBM Indi¬a¬/s¬outh Asia, the cloud computing facilitates SMEs to decrease capital expenditure and increase productivity through greater collaboration. It helps the enterprises to assess their goals and objectives while allowing them to escape from mundane operational tasks. 

Dharanibalan further added, Cloud computing is increasingly being used to offer infrastructure, platfo¬rms and business pro¬cesses as a service in India.  The company is planning to establish its data centre in Australia, which is going to be a “public cloud”, where data from all SMEs will be stored. 

It is worth noticing, cloud computing refers to the provision of storage and processing as a service. With Cloud computing integration, companies with dynamic storage and processing requirements, can save a big amount of money on infrastructure by using services as they need it and paying for them on a pay-per-use model.