Samsung said it would buy an American Cloud services company Joyent Inc thereby raising the stakes in the Cloud war. The Wall Street Journal reported earlier today that Samsung was making the purchase at an undisclosed fee.
“Joyent, which counts Silicon Valley investor Peter Thiel as an early backer, is Samsung’s third major acquisition of a U.S. startup in the past two years, after deals to acquire SmartThings, a startup that helps connect home appliances to one another, for about $250 million, and LoopPay, a developer of mobile payment technologies, for about $160 million. LoopPay now forms the basis for Samsung Pay, the Suwon, South Korea-based company’s mobile payment system.
Joyent competes with Amazon.com Inc.’s Amazon Web Services and Microsoft Corp.’s Azure in renting out the use of computer servers and data centers to third-party companies.”
Microsoft had announced a deal earlier this week to acquire LinkedIn in a $26.2b/8tr Naira deal in a move that many see as increasing their Cloud push. Microsoft hasn’t hidden its intentions to make a bigger push into the Cloud since Satya Nadella took over as the CEO of Microsoft from Steve Ballmer in 2014 and this has seen the Microsoft stock steadily rise. The PC maker company Dell also announced a big deal with cloud data storage company EMC to make a big push into the Big Data as well.
Big Data what’s shaping the future in tech and companies that have managed this effectively will continue to reap the benefits well in the future. According to IBM, a whopping 2.5 quintillion bytes of data is created every day and with this comes big jobs as well. According to Gartner (a research and advisory firm in the United States), as much as 4.4 million IT jobs were to be created globally to support big data by 2015 with 1.9 million of them coming from the US alone.
An IDC (International Data Corporation) report says ” worldwide revenues for big data and business analytics will grow from nearly $122 billion in 2015 to more than $187 billion in 2019, an increase of more than 50% over the five-year forecast period….. with IT Services generating more than three times the annual revenues of Business Services. Software will be the second largest category, generating more than $55 billion in revenues in 2019. Nearly half of these revenues will come from purchases of End-User Query, Reporting, and Analysis Tools and Data Warehouse Management Tools. Hardware spending will grow to nearly $28 billion in 2019.”
Read our Big Data report here
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