Welcome to the Cloud Wars Minute — your daily news and commentary show, hosted by Cloud Wars Founder Bob Evans. The next three minutes are packed with insights and perspectives around the “reimagination machine” that is the Cloud! Today’s Topic: McKinsey Report Outlines the Potential of the “Trillion-Dollar Cloud”
00:30 – Bob notes that a recent McKinsey report talks about the “trillion-dollar cloud,” and that amount does not reference revenue, but rather EBIDTA for companies that aggressively adopt cloud technologies.
00:45 – McKinsey breaks down the trillion-dollar opportunity into two areas: “rejuvenate” IT departments and “innovate” across other areas of the business.
01:30 – Bob says that McKinsey’s reference to the cloud’s “near-limitless scale” is somewhat dramatic language, but also reflects reality in today’s digital economy, when the cloud is allowing companies to do things they’ve never done before.
2:00 – The McKinsey research included in the report indicates that the opportunities for growth favor some industries, where rapid and widespread adoption of new digital capabilities will make the most significant impact.
2:37 – The real impact of the cloud is not efficiency and cost-saving—though those are important and fantastic. The cloud matters most because it can future-proof companies to survive and outlast their competition in the new digital, data-driven reality we’re living in.