Investment opportunities in cloud computing

Public cloud spending is expected to grow at an average of 27% a year up to 2021

Humanity is experiencing a data explosion. Though the global population is expected to grow 15 per cent from 2015 to 2025, the amount of data we create annually is forecast to surge over fifteenfold in the same period. This is due to the world becoming increasingly connected with our rising use of social media, e-commerce and sharing platforms, as well as the fast-growing number of connected devices on our bodies and appliances.

This phenomenon of data creation is in turn playing a key role in catalysing the emergence of artificial intelligence. While AI has been studied for over 50 years, one critical component that has been missing for AI's effective development until now is the availability of massive data sets that AI algorithms require as inputs for iteratively learning patterns and associations.

Please or to continue reading the full article. Learn more about ST PREMIUM.

Enjoy unlimited access to ST's best work

  • Exclusive stories and features on multiple devices
  • In-depth analyses and opinion pieces
  • ePaper and award-winning multimedia content
A version of this article appeared in the print edition of The Sunday Times on May 20, 2018, with the headline 'Investment opportunities in cloud computing'. Print Edition | Subscribe