The COVID crisis is upping interest in cloud software, VC Jai Das says - Business Insider

, but a pair of trends may help buoy the industry, one expert says.

Many big companies have long operated their own data centers where they host applications and corporate information. But for many, the COVID-19 outbreak has made those setups seem more like a liability than an asset, Das said. Offices have been closed around the nation and world in an effort to limit the spread of the virus, which has made it difficult to get IT managers into corporate data centers to keep them up and running, he said.

Companies are saying: "That is a budget that we don't need to spend, let alone having the people there any more," Das said. In terms of the applications they choose and use, he continued, "people are trying to move those as quickly as possible to the cloud."In recent years, many enterprise software companies have moved to a subscription-based business model, charging customers monthly fees on a per-user basis.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Inside California's beautifully bizarre Winchester Mystery House - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

How Barbara Corcoran's Shark Tank businesses are pivoting due to COVID - Business InsiderBarbara Corcoran says her 'Shark Tank' businesses have reinvented themselves during the pandemic. 4 of them told us their winning strategies — and how one is posting revenue 15 times higher than a year ago.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »