{"id":1184,"date":"2021-07-13T06:39:00","date_gmt":"2021-07-13T06:39:00","guid":{"rendered":"https:\/\/investwithanedge.com\/?page_id=1184"},"modified":"2021-07-13T06:39:00","modified_gmt":"2021-07-13T06:39:00","slug":"investing-in-cloud-computing","status":"publish","type":"page","link":"https:\/\/investwithanedge.com\/investing-in-cloud-computing\/","title":{"rendered":"Investing in Cloud Computing"},"content":{"rendered":"<p>Savvy tech investors are always looking for the next best thing. They\u2019re not content with buying the Q\u2019s (PowerShares Nasdaq 100 Index: QQQQ). They want the latest breakthrough technology stocks before everyone knows about them \u2013 think Twitter or cloud computing. The latter isn\u2019t new, but it\u2019s been getting more attention over the past few years. Tech investors should continue to pay attention.<\/p>\n<p>We first discussed the cloud computing trend on March 2, 2009. Although we did not officially recommend Salesforce (CRM) we highlighted how Salesforce was using \u201cthe cloud\u201d to their advantage. Since then, CRM has grown an astounding 235%! CRM has risen on the strength of their market position and industry trends in cloud computing. In January, we posted a cloud computing follow-up discussing other merits of the technology. It\u2019s time to revisit the cloud.<\/p>\n<p>Large organizations are abandoning boxed software and opting for more agile software that is supported off-site \u2013 cloud computing. According to the National Institute of Standards and Technology, cloud computing incorporates five essential elements:<\/p>\n<ul>\n<li>On-demand self-service<\/li>\n<li>Broad network access<\/li>\n<li>Resource pooling<\/li>\n<li>Pay-for-use service<\/li>\n<li>Elastic scale<\/li>\n<\/ul>\n<p>Providers market the services in three different models: software-as-a-service, platform-as-a-service, and infrastructure-as-a-service. Software-as-a-service (SaaS) delivers a complete single software solution as opposed to a shelf-bought application. A SaaS example for customer relationship management would be Zoho or SalesForce. Platform-as-a-service (PaaS) is more complex. It offers development and middleware hosted by the vendor \u2013 and is more expensive for businesses. An example of PaaS would be Google AppEngine or Long Jump. Finally, infrastructure-as-a-service (IaaS) is the raw infrastructure for things like servers and storage. IaaS is sold by companies like Amazon Web Services and GoGrid.<\/p>\n<p>Morningstar recently joined the cloud computing conversation. They distinguished the \u201cpublic cloud\u201d from the \u201cprivate cloud\u201d. The public cloud relates to applications like Google docs or Yahoo mail. These applications are shared by multiple users. On the other hand, the private cloud relates to enterprise-level solutions like the ones offered by the companies above. These services are usually behind a company firewall and only available to company users.<\/p>\n<p>Businesses are moving towards the private cloud for one primary reason: support. The companies that support these services the best will do well as large companies move their antiquated software into cloud services. That will help marketers of cloud services. We expect even more momentum to build in the cloud computing space. Make sure you get in on the action.<\/p>\n<p><em>Disclosure covering writer, editor, publisher, and affiliates: Long QQQQ. No positions in any of the companies or ETF sponsors mentioned. No income, revenue, or other compensation (either directly or indirectly) received from, or on behalf of, any of the companies or ETF sponsors mentioned.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Savvy tech investors are always looking for the next best thing. They\u2019re not content with buying the Q\u2019s (PowerShares Nasdaq 100 Index: QQQQ). They want the latest breakthrough technology stocks before everyone knows about them \u2013 think Twitter or cloud computing. The latter isn\u2019t new, but it\u2019s been getting more attention over the past few &hellip;<\/p>\n","protected":false},"author":4,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"acf":[],"_links":{"self":[{"href":"https:\/\/investwithanedge.com\/wp-json\/wp\/v2\/pages\/1184"}],"collection":[{"href":"https:\/\/investwithanedge.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/investwithanedge.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/investwithanedge.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/investwithanedge.com\/wp-json\/wp\/v2\/comments?post=1184"}],"version-history":[{"count":0,"href":"https:\/\/investwithanedge.com\/wp-json\/wp\/v2\/pages\/1184\/revisions"}],"wp:attachment":[{"href":"https:\/\/investwithanedge.com\/wp-json\/wp\/v2\/media?parent=1184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}