Satya's description of why Cloud is a secular trend from Microsoft earnings call
The way I think about the computing landscape going forward is if you sort of said at the highest of levels today as a percentage of GDP, tech spend is 5%. We think it will double in the next 10 years. And if anything, this pandemic perhaps has accelerated that doubling.
And in that context, what's the large — the most secular need, it's the need for distributed cloud infrastructure. It's both needed for modernizing existing applications you have, and so that's why, by the way, 20% penetrated so there's more 80% that needs to move. But more importantly, there's going to be new application starts which need infrastructure. And so if you sort of add those up, I think that we're still in early innings.
There will be, between quarters, volatility, all of the points that Amy made even earlier. But we think distributed cloud infrastructure is the most important layer. But the way we have approached it is not to just think of that layer in isolation but the data layer work we do composes, the AI layer composes and more importantly, our SaaS applications, whether business applications, Power Platform, Microsoft 365, all reinforce that same modern tech stack. So I would still say that digitization in its — this new tech stack is in its very infancy. - Satya Nadella
Milestone moment
This is the first year when Azure revenue is larger than Windows revenue. Azure revenue has grown to 17% of the revenue.
Google's Cloud Strategy
- Six priority industries : healthcare, retail, media, finance, manufacturing, public sector
- 5 major geographies
- 4 customer segments
- Data processing, analytics, AI/ML - differentiation
- Migration of legacy datacenters to google cloud and cut in IT spending and infrastructure. eg : Nokia migrating 30 data centers to the cloud across 12 countries
- Google meet saw a peak of 7.5 billion daily video call minutes
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