The investment world keeps on looking out for good ideas in emerging technology to invest money to earn higher return. The perspective learned from the institute investors may serve a purpose of helping us gain insight into what technology is hot now. Here is a view shared by Gavin Baker, the fund manager of Fidelity OTC Portfolio that invests in just one thing: the future of technology.
In a recent interview at Fidelity.com, Baker said he is looking at three emerging trends that are helping to shape the way he invests: cloud computing, mobility, and personalized medicine. We will covers his views of cloud computing and mobility in this and next blog entries
Cloud Computing
Cloud computing is “back to the future.” The first wave of computing focused on the mainframe and minicomputer, which centralized processing power. A second stage was anchored by the PC and client-server architectures—which moved the computing power out to every desk and server closet. Now, plentiful, high-speed bandwidth is ushering in a third era, which marks a return to centralized processing power—the cloud—with the crucial difference being that this centralized processing power is easily accessible to users on a variety of devices ranging from smartphones to PCs. A simple example is the switch from an e-mail program that you store on your computer to one you access over the Web.
With cloud-based models, all the software, processing, and storage is handled remotely and the data is available anywhere in the world, at any time, and on any device with Web access. It offers users lower costs and more convenience. (See the chart to the below.) Essentially, what we’re witnessing is a transformation of computing into a utility. You can open your mobile devices anywhere and access supercomputing power. Companies aren’t buying servers, networking gear, databases, operating systems, or applications directly; instead, they are buying these as services.
One cloud segment on the verge of exploding is known as infrastructure as a service, or IAAS. IAAS customers buy raw computing, storage, and networking in one package. Users are provided with an operating system and database, and can write and run their own programs. The software as a service (SAAS) market is growing rapidly as well. Here, companies and other users log on to a Web site to access a specific software program—anytime, anywhere, from any device. Besides, cloud-enabling technologies such as WAN optimization and virtualization that can increase the efficiency of banks of servers working together in a data center or improve the end-user experience by accelerating the effective speed of their connection to the cloud.
Reference:
https://www.fidelity.com/viewpoints/three-tech-trends?ccsource=email_monthly