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Oracle to invest $8bn in cloud computing and AI in Japan – DatacenterDynamics

Oracle plans to invest more than $8 billion in Japan over the next decade to meet growing cloud computing and AI infrastructure demands.

The cloud provider said it will expand its operations across Japan, from supporting Japanese engineering teams in addressing digital sovereignty requirements to increasing customer support in its cloud regions in Tokyo and Osaka.

The company said it aims to enable governments and businesses to move their mission-critical workloads to Oracle Cloud.

Toshimitsu Misawa, CEO and member of the board at Oracle Japan, said: By growing our cloud footprint and providing a team to support sovereign operations in Japan, we are giving our customers and partners the opportunity to innovate with AI and other cloud services while supporting their regulatory and sovereignty requirements.

Oracle launched its cloud regions in Tokyo and Osaka in 2019 and 2020 respectively. Other major cloud providers also have a presence in Japan.

Last year, Oracle announced it would expand 66 of its existing cloud data centers and build 100 new ones globally. The company usually relies on leasing space from third-party providers.

AWS launched a Tokyo region in 2011, with an Osaka region opening in 2021. Google launched its first Japanese region in Tokyo in 2016, with Osaka coming in 2019. Alibaba also has a Tokyo region, launched in 2016.

Microsoft has two Japanese Azure regions - Tokyo and Osaka - that both launched in 2014. Microsoft also announced plans earlier this month to invest $2.9 billion in data centers in Japan, also to address growing AI demand.

Oracle announced in December last year that it had deployed its Oracle database services in the Microsoft Azure East US regions data centers. This followed the multi-year agreement between the two companies that saw Microsoft use Oracle Cloud Infrastructure for AI referencing for its Bing search engine.

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3 Cloud Computing Stocks to Buy Now: Q2 Edition – InvestorPlace

Soar into the clouds with these cloud computing stocks

Source: Blackboard / Shutterstock

Cloud computing is a vast industry expected to achieve a16.40% compounded growth rateuntil 2029. Businesses operating in this sector have experienced rising revenue and profit margin expansion.

Some big tech corporations have embraced this technology and have become early adopters. The early mover advantage has helped a few large companies end up with a significant percentage of thecloud computing market share. The top three companies in the industry have overwhelming leads on the rest of the competition. The three stocks below have 66% of the total market share.

Source: Tada Images / Shutterstock.com

Amazon(NASDAQ:AMZN) is the leader in cloud computing. It has a 31% market share in the industry and continues to achieve a double-digit growth rate. Amazon Web Services grew its sales by 13% year-over-year inQ4 2023to reach $24.2 billion. Amazon grew its net sales by 14% year-over-year to reach a record $170.0 billion. The online marketplace is still a key revenue driver.

The tech conglomerate also benefits from other business segments like advertising and video streaming. Analysts feel optimistic about the stock and have rated it as a Strong Buy. It has aprojected 13% upside. Analysts have been rushing to raise their price targets, and the highest currently stands at $230. This price target implies a 24% upside.

Amazon stock has been outperforming the stock market. Shares are up by 24% year-to-date and have gained 81% over the past year. Rising profit margins can bring the stock price higher.

Source: Ascannio / Shutterstock.com

Microsoft(NASDAQ:MSFT) has the second-largest market share in the cloud computing industry. The company gained ground on Amazon and has 24% of the industry under its reigns. Microsoft has compelling growth opportunities that stretch beyond cloud computing. It owns LinkedIn, Xbox, various software products, Copilot and other businesses.

Microsoft Cloud is the main growth driver for the stock. The companys cloud segment grew by 24% year-over-year inQ2 FY24, making up more than half of the companys total revenue. Analysts are optimistic about the company and rated it as a Strong Buy. The stock has a projected 12% upside from the current price point.

Overall revenue jumped by 18% year-over-year, while net income surged by 33% year-over-year. Those financials indicate Microsoft can gain more ground and reward long-term investors. Seeing a company with a vast moat reporting revenue growth while expanding profit margins is a good sign. Shares are up by 14% year-to-date.

Alphabet(NASDAQ:GOOG, NASDAQ:GOOGL) started as an advertising company. While Google and YouTube advertisements are still the companys main source of revenue, cloud computing is a growing segment. Alphabets cloud revenue represents more than 10% of the companys total revenue. Google Cloud contributed to the companys 13% year-over-year revenue growth inQ4 2023. Net income soared by 52% year-over-year.

Alphabet is rated a Strong Buy with a projected 5% upside. The highest price target of $185 per share indicates the stock can rally by an additional 17% from current levels. Alphabet shares are up 14% year-to-date and have gained 150% over the past five years.

Recent AI miscues have caused investors to underestimate the companys potential in the industry. Tepid excitement around AI initiatives has resulted in a reasonable 29 P/E ratio relative to other big tech stocks. Alphabet is far more than just AI and is gaining market share in the advertising and cloud computing industries.

On this date of publication, Marc Guberti held long positions in AMZN, MSFT, and GOOG. The opinions expressed in this article are those of the writer, subject to theInvestorPlace.comPublishing Guidelines.

Marc Guberti is a finance freelance writer at InvestorPlace.com who hosts the Breakthrough Success Podcast. He has contributed to several publications, including the U.S. News & World Report, Benzinga, and Joy Wallet.

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Secret Rift Over Data Center Fueled Push to Expand Reach of Surveillance Program – The New York Times

A hidden dispute over whether a data center for cloud computing must cooperate with a warrantless surveillance program prompted the House last week to add a mysterious provision to a bill extending the program, according to people familiar with the matter.

The disclosure helps clarify the intent behind an amendment that has alarmed privacy advocates as Senate leaders try to swiftly pass the bill, which would add two more years to a wiretapping law known as Section 702. The provision would add to the types of service providers that could be compelled to participate in the program, but it is written in enigmatic terms that make it hard to understand what it is supposed to permit.

Data centers are centralized warehouses of computer servers that can be accessed over the internet from anywhere in the world. In the cloud computing era, they are increasingly operated by third parties that rent out the storage space and computing power that make other companies online services work.

Even as national security officials described the provision as a narrow fix to a technical issue, they have declined to explain a classified court ruling from 2022 to which the provision is a response, citing the risk of tipping off foreign adversaries. Privacy advocates, for their part, have portrayed the amendment as dangerous, so broadly worded that it could be used to draft ordinary service people like cable installers, janitors or plumbers who can gain physical access to office computer equipment to act as spies.

Under Section 702, the government may collect, without a warrant and from U.S. companies like Google and AT&T, the communications of foreigners abroad who have been targeted for intelligence or counterterrorism purposes even when they are communicating with Americans. Enacted in 2008, it legalized a form of the warrantless surveillance program President George W. Bush began after the terrorist attacks of Sept. 11, 2001.

Specifically, after the court that oversees national security surveillance approves the governments annual requests seeking to renew the program and setting rules for it, the administration sends directives to electronic communications service providers that require them to participate. If any such entity balks, the court decides whether it must cooperate.

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Cloud computing empowers AI on blockchain Here’s how – Cointelegraph

In recent years, the fusion of artificial intelligence (AI) with blockchain technology has sparked considerable interest across various sectors, promising groundbreaking innovations that could transform industries ranging from finance to healthcare.

The combination holds the potential to enhance data security, improve decision-making processes and unlock new efficiencies. Yet, despite the palpable excitement, the path to fully unleashing AIs capabilities within the blockchain ecosystem is fraught with challenges that need to be meticulously addressed.

One of the biggest challenges lies in scalability and processing power. Blockchain networks, made to be secure and open for everyone, often have trouble dealing with many transactions at once. These networks typically process transactions at a slower pace compared to centralized systems, a bottleneck that intensifies when integrating computational power-hungry AI algorithms and machine learning models.

The sheer computational power required for these AI systems is vast, and most current blockchain infrastructures simply arent equipped to handle this demand efficiently. The deadlock results in slowed processing speeds and escalates operational costs, posing a considerable obstacle to scalability and wider adoption.

Integration complexity stands as another formidable barrier. A new breed of frameworks and protocols must be developed for AI systems to interact effectively with blockchain networks. The developed solutions need to facilitate the complex dialogue between AI algorithms and blockchain technology, ensuring a seamless, secure and efficient integration that can support the advanced functionalities demanded by modern applications.

Moreover, sustainability concerns loom large over the future development of both AI and blockchain technologies. To put it into perspective, training a single AI model can emit a carbon footprint equivalent to five cars over their entire lifespans. The substantial energy consumption inherent to these technologies stemming from the intensive computational power required by AI systems and the energy-intensive nature of many blockchain networks raises pressing environmental and ethical questions.

High electricity usage translates to an increased carbon footprint, a situation at odds with global efforts to combat climate change. Addressing these sustainability challenges is critical from an environmental standpoint and ensuring the long-term viability and acceptance of AI and blockchain innovations.

As the digital world progresses toward more integrated and efficient systems, decentralized sustainable Web3 cloud computing platforms emerge as vital players in addressing the limitations hindering AIs full potential within the blockchain ecosystem.

One such platform, CUDOS a decentralized blockchain-based network exemplifies a scalable solution designed to sustainably meet the escalating demands of AI and cloud computing. The platform aims to improve user experience by providing faster, more reliable services at lower costs and addressing pressing issues related to energy consumption to minimize environmental impacts.

The platforms unique offering, CUDOS Intercloud, is designed to meet the burgeoning needs of AI development, the metaverse, high-performance computing and the broader Web3 community. It provides a seamless, permissionless gateway to a Web3-native, decentralized cloud computing ecosystem that prioritizes eco-friendliness alongside cutting-edge technology.

CUDOS Intercloud initiative is precisely optimized for AI companies requiring robust, full virtual machines for efficient operation. Intercloud provides access to the latest Ada Lovelace and Ampere GPU options through passthrough for peak performance, ensuring AI applications run smoothly. The platforms pay-for-what-you-use model, with immediate refunds for unused time, exemplifies CUDOSs commitment to flexibility and efficiency.

CUDOS addresses scalability and processing power challenges by leveraging distributed compute resources from a global network of providers in eight countries, including the United States, the United Kingdom, Canada, Nigeria, Norway, Brazil, India and Sweden. CUDOS decentralized strategy expands the processing capacity available for AI applications, ensuring scalability and efficiency beyond the constraints of conventional blockchain infrastructures.

Optimized for performance, CUDOS grants access to a broad spectrum of computational resources, enabling AI algorithms to operate with maximum efficiency. This optimization cuts down processing times for intricate computations, facilitating the deployment of advanced AI models on blockchain platforms, thus overcoming a key obstacle in integrating AI with blockchain technology.

Through standardized application programming interfaces (APIs) and development frameworks, CUDOS simplifies the integration of AI with blockchain. These tools are crafted to reduce the complexities associated with blockchain technology, allowing AI developers to easily deploy and manage their applications.

With cross-chain compatibility on its roadmap, CUDOS is gearing up to enhance interoperability among various blockchain networks. The cross-chain capability will enable AI applications to access data and resources across blockchains, significantly diminishing integration complexity.

CUDOS actively addresses sustainability concerns by committing to partnerships exclusively with providers that utilize 100% renewable energy for their GPU requirements, as exemplified in its recent collaboration with a Sweden-based supplier.

By choosing partners that utilize 100% renewable energy, CUDOS ensures the sustainability of its operations and champions a vision where technological progress does not come at the expense of the environment.

Decentralized sustainable Web3 cloud computing platforms like CUDOS represent a transformative solution to the current limitations facing AI on blockchain and aim to become the industrys ultimate form of cloud computing. By addressing key challenges such as scalability, integration complexity and sustainability concerns, CUDOS paves the way for the seamless integration of AI technologies with blockchain.

CUDOS roadmap for 2024. Source: CUDOS

The innovation enhances the capabilities and efficiency of AI applications while promoting a more secure, transparent and equitable digital ecosystem. As such platforms continue to evolve and mature, they will play a crucial role in realizing the full potential of AI on the blockchain, driving innovation and value creation across numerous industries.

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you with all important information that we could obtain in this sponsored article, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor can this article be considered as investment advice.

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Oracle to invest more than $8B in cloud computing and AI in Japan – TNGlobal – TechNode Global

Oracle Corporation Japan has on Wednesday announced that it plans to invest more than $8 billion over the next ten years to meet the growing demand for cloud computing and artificial intelligence (AI) infrastructure in Japan.

The firm said in a statement that the investment will grow Oracle Cloud Infrastructures (OCI) footprint across Japan.

In addition, to help customers and partners address the digital sovereignty requirements in Japan, Oracle will significantly expand its operations and support engineering teams with Japan-based personnel.

We are dedicated to meeting our customers and partners where they are in their cloud journey,

By growing our cloud footprint and providing a team to support sovereign operations in Japan, we are giving our customers and partners the opportunity to innovate with AI and other cloud services while supporting their regulatory and sovereignty requirements, said Toshimitsu Misawa, member of the board, corporate executive officer and president, Oracle Corporation Japan.

According to the statement, Oracle plans to increase local customer support of its public cloud regions in Tokyo and Osaka and its local operations teams for Oracle Alloy and OCI Dedicated Region.

This will enable governments and businesses across Japan to continue to move their mission-critical workloads to the Oracle Cloud and embrace sovereign AI solutions.

It is noted that Oracle sovereign cloud and AI services can be delivered securely within a countrys borders or an organizations premises with a range of operational controls.

Oracle is the only hyperscaler capable of delivering AI and a full suite of 100+ cloud services locally, anywhere. OCIs distributed cloud lineup supports:

According to the statement, OCIs distributed cloud lineup supports dedicated cloud, hybrid cloud, public cloud and multicloud.

For dedicated cloud, customers can run all OCI cloud services in their own data centers with OCI Dedicated Region, while partners can resell OCI cloud services and customize the experience using Oracle Alloy.

Oracle also operates separate U.S., UK, and Australian Government Clouds, and Isolated Cloud Regions for U.S. national security purposes.

Each of these products provide a full cloud and AI stack that customers can deploy as a Sovereign Cloud.

As for hybrid cloud, OCI delivers key cloud services on-premises via Oracle Exadata Cloud@Customer and Compute Cloud@Customer and is already managing deployments in over 60 countries.

For public cloud, Oracle said forty-nine hyperscale public cloud regions serve any size of organization, including those requiring strict EU sovereignty controls.

As for multicloud, there are options including Oracle Database@Azure, MySQL HeatWave on AWS, and Oracle Interconnect for Microsoft Azure which allow customers to combine key capabilities from across clouds.

Oracle Strengthens Australias Digital Economy with a New Government Cloud

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Fujitsu to use Oracle Alloy for sovereign cloud in Japan – DatacenterDynamics

Fujitsu has selected Oracle Alloy to deploy sovereign cloud services in Japan.

Oracle Alloy is a cloud infrastructure platform that enables other companies to build their own cloud offering. The solution is built on Oracle hardware and the company's cloud stack. User's clouds are also compatible with Oracle's own cloud, meaning hyperscale public resources are available for both service providers and customers.

By using Alloy, Fujitsu will expand its Hybrid IT offering Fujitsu Uvance. Fujitsu will deploy and manage Oracle Alloy in its data centers in Japan. This will provide the company's customers with access to more than 100 Oracle cloud services while meeting data security and sovereignty requirements.

Kazushi Koga, SEVP of Fujitsu said: "Our collaboration with Oracle positions us to deliver a sovereign cloud offering that enables hyperscale functionality and digital sovereignty capabilities while ensuring operational governance by Fujitsu.

Scott Twaddle, senior vice president, Product and Industries, Oracle Cloud Infrastructure, added: With Oracle Alloy we will be bringing our best cloud technologies to help Fujitsus customers transform and modernize their businesses and society. Fujitsus sovereign cloud approach in Japan is a testament to their forward-looking technology strategy. We look forward to continuing to partner with Fujitsu to bring cloud services to more customers around the world.

According to Fujitsu: "Based on the knowledge accumulated through use cases in the Japanese market, Fujitsu will actively consider expanding Oracle Alloy to other markets." The company has a presence in over 35 countries.

The deal was announced shortly after Oracle committed to investing $8 billion in cloud computing and AI in Japan over the next decade. The cloud provider has existing cloud regions in Tokyo and Osaka that were launched in 2019 and 2020, respectively.

Last year, Oracle announced it would expand 66 of its existing cloud data centers and build 100 new ones globally, equating to between $7bn and $7.5bn in capex alone this year.

Fujitsu and Oracle previously had an agreement through which Oracle cloud services would be offered through Fujitsu's Japan data centers, and be linked with Fujitsu's K5 cloud.

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NewEdge Wealth LLC Acquires New Stake in First Trust Cloud Computing ETF (NASDAQ:SKYY) – Defense World

NewEdge Wealth LLC acquired a new stake in First Trust Cloud Computing ETF (NASDAQ:SKYY Free Report) during the 4th quarter, Holdings Channel reports. The fund acquired 2,596 shares of the companys stock, valued at approximately $228,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Meitav Investment House Ltd. lifted its position in First Trust Cloud Computing ETF by 31.1% in the 4th quarter. Meitav Investment House Ltd. now owns 39,607 shares of the companys stock valued at $3,484,000 after acquiring an additional 9,398 shares in the last quarter. Blue Bell Private Wealth Management LLC lifted its position in First Trust Cloud Computing ETF by 37.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 720 shares of the companys stock valued at $63,000 after acquiring an additional 197 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in First Trust Cloud Computing ETF in the 4th quarter valued at $5,468,000. Prime Capital Investment Advisors LLC bought a new stake in First Trust Cloud Computing ETF in the 4th quarter valued at $214,000. Finally, Fulton Bank N.A. lifted its position in First Trust Cloud Computing ETF by 1.5% in the 4th quarter. Fulton Bank N.A. now owns 21,861 shares of the companys stock valued at $1,917,000 after acquiring an additional 315 shares in the last quarter.

SKYY opened at $90.10 on Friday. First Trust Cloud Computing ETF has a 12 month low of $60.65 and a 12 month high of $97.78. The firms fifty day simple moving average is $94.45 and its 200 day simple moving average is $86.67. The stock has a market capitalization of $2.93 billion, a P/E ratio of 20.90 and a beta of 1.06.

The First Trust Cloud Computing ETF (SKYY) is an exchange-traded fund that is based on the ISE Cloud Computing index. The fund tracks an index of companies involved in the cloud computing industry. Stocks are modified-equally-weighted capped at 4.5%. SKYY was launched on Jul 5, 2011 and is managed by First Trust.

Want to see what other hedge funds are holding SKYY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Cloud Computing ETF (NASDAQ:SKYY Free Report).

Receive News & Ratings for First Trust Cloud Computing ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Cloud Computing ETF and related companies with MarketBeat.com's FREE daily email newsletter.

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Oracle Invests $8B to Expand Cloud, AI Offerings in Japan – AI Business

Oracle is investing more than $8 billion over the next decade to expand AI infrastructure and cloud computing in Japan.

The investment aims to expand Oracle Cloud Infrastructure (OCI), the company's cloud computing service in Japan, to meet growing demand.

Oracle also announced a commitment to help local customers with their digital sovereignty plans. A recent Omdia report found that businesses in Asia and Oceania are more interested in local, sovereign solutions.

The company said its expanded operations would include hiring Japanese personnel and engineering staff to support local AI and cloud efforts.

Oracles Japanese expansion will also increase access to public clouds in Tokyo and Osaka.

Oracle Alloy is also being expanded in Japan. Alloy allows customers to offer cloud services wherever they want. The company said this would enable local governments and businesses to continue to move their mission-critical workloads to the Oracle Cloud and embrace sovereign AI solutions.

We are dedicated to meeting our customers and partners where they are in their cloud journey, said Toshimitsu Misawa, Oracle Corp. Japans corporate executive officer and president. By growing our cloud footprint and providing a team to support sovereign operations in Japan, we are giving our customers and partners the opportunity to innovate with AI and other cloud services while supporting their regulatory and sovereignty requirements.

Related:Oracle AI Tool Strengthens Financial Crime Prevention in Banks

In addition to expanding its presence in Japan, Oracle is partnering with Fujitsu to offer local cloud and AI services. Through the partnership, Fujitsu will deploy Alloy, providing Japanese customers with access to OCI services.

Our collaboration with Oracle positions us to deliver a sovereign cloud offering that enables hyperscale functionality and digital sovereignty capabilities while ensuring operational governance by Fujitsu, said Kazushi Koga, Fujitsus senior executive vice president.

Oracles announcement comes on the heels of Microsoft announcing last week that it plans to invest $2.9 billion to expand local AI efforts and open a new research lab in Tokyo.

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Anodot Releases The State of Cloud Cost Optimization 2024 Report – PR Newswire

Anodot updates its annual survey report, offering an in-depth summary of cloud cost optimization in 2024 for FinOps professionals

NEW YORK, April 19, 2024 /PRNewswire/ -- Anodot publishes its annual Cloud Cost Optimization Report, delivering insights from customer data and analysis of news and trends within theFinOps sector to prepare cloud users for 2024.

The report summarizes key findings from major organizations and companies in the FinOps space, including Anodot's recommendations on how to use these findings.

Additionally, Anodot utilizes its customer data to inform the report, showing how users optimize their cloud investments using their platform.

Key insights include:

Anodot collects this data to help FinOps teams understand how colleagues manage cloud costs for navigating the cloud in 2024.

David Drai, CEO of Anodot commented:

"Cloud computing faces challenges with inflation, economic uncertainty, and resource demand from generative AI investments. Our new State of Cloud Cost Optimization Report provides data-driven insights and a TLDR summary for navigating 2024. At Anodot, we proudly support FinOps practitioners, offering them the insights for informed cloud decisions, significant savings, and sustainable growth."

The State of Cloud Cost Optimization Report 2024is available for download on Anodot's website.

About Anodot

AI-based cost Optimization platform that forecasts, detects waste, and providestransparency and recommendations. Allowing you to facilitate strategic financial planningand management of your multicloud, K8s pods, and SaaS tools. Our multi-tenant, multi-billing platform optimizes costs across departments, teams, products, unit economics,and customers.

SOURCE Anodot

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Will using the cloud stop us achieving our green targets? – Euronews

Cloud computing already has a bigger footprint than the aviation industry, warns Hewlett Packard Enterprises Matt Harris.

Every day at work were sending emails, saving documents, adding numbers to spreadsheets. Outside of work we frivolously snap photos on our phone. In summary, were incessant data producers but how much of it do you ever delete?

By 2035 we are predicted to be producing 2,000 zettabytes of data. One zettabyte is equal to a trillion gigabytes.

To put that into context further, to print out one zettabyte of data youd need around 20 trillion trees worth of paper.

Theres only 3.5 trillion trees on Earth.

In this episode of The Big Question, Matt Harris, Senior Vice-President and Managing Director UK IMEA for Hewlett Packard Enterprise discusses the importance of managing our business data better.

Whoever first thought of The Cloud, named it incredibly strategically.

Matt Harris describes our current attitude towards The Cloud as looking to the sky vapourware - this concept of it being a non-physical storage, floating around us. In fact, all your data is still on a hard drive, youre just paying someone else to store it on their really big hard drive for you.

And while being able to access your data from anywhere in the world is incredibly convenient, our attitude towards its seemingly endless abundance is where it gets problematic.

In the past 10 years, companies have moved to a Cloud-first storage system, not necessarily because it was the best option for them but because its what everyone else was doing.

But now many businesses have found they are struggling with soaring Cloud costs, so much so that in a survey conducted by a recent documentary, Clouded II, funded by Hewlett Packard Enterprise, 47% of respondents said they were looking to move away from using The Cloud in the next year.

One of the main culprits of these rising costs is simply, paying for more than you actually need.

Depending on the reports you look at, per annum, customers and enterprises are spending anywhere between $150 - $200 billion (140-187M) a year, explains Matt Harris.

How much is wastage? Some reports would say we've got customers who say that 30% of their cloud bill is wastage or they don't know what it's used for. And even if we're half right on that, it is a sizable and significant number.

The data centres used to store all of our files require a huge amount of energy to run. And its not just electricity, they also need large amounts of water for their cooling systems.

Theres been reports in various drought-vulnerable parts of the world of farmers having to compete with data centres for water for their animals to drink.

Its hard to quantify exactly the environmental impact of our cloud usage, as data centre emissions vary enormously depending on the location due to temperature and access to clean energy.

So whats the solution?

We think it's a really good time for every organisation to re-evaluate their cloud strategy and start with the end state and goal, says Matt.

As a society, we are naturally hoarders.

We have comfort in keeping things, it gives us a degree of safety. If you think about data and what as businesses, as consumers, we're storing, do you need 32 copies of something which is not necessarily hugely valuable? How long do you need to store that piece of information for? We have historically kept things for tens of years, decades, 50 years. And the reality is, does that information require us to continue to hold it?

Matt also stresses that businesses should look at a hybrid strategy to their storage - choosing to host some things on the cloud and others in house.

Thinking through what data you dont want to be on a shared service and to have more control of its security will dictate what should be stored on public cloud, private cloud or on premises with a Cloud-like experience,

Don't end up in a hybrid by accident strategy. Do it by design, Matt says.

Its especially important to adapt our strategy now and put in place better building and management practices before AI becomes a widespread and fully integrated part of our lives.

The way the AI works is even hungrier than our classic data storage and enterprise workloads that sit on clouds today.

If you run AI workloads into our classic cloud models we have today, they'd be wildly inefficient.

So if we're not conscious and conscientious of how we build, how we consume, what we delete, then we are going to get to some astronomical wastage figures, which is really scary for all of us, Matt adds.

Time for a spring clear out? If youre not going to do it for the planet, at least save yourself, potentially, billions.

The Big Question is a series from Euronews Business where we sit down with industry leaders and experts to discuss some of the most important topics on todays agenda.

Watch the video above for the full conversation with Hewlett Packard Enterprise.

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