The Information Technology (IT) sector is the home of some very large investment themes – prime among them being the move to cloud computing, big data and the “Internet of Things.”
Cloud computing is the practice of using a network of remote servers hosted on the Internet – that is, in a virtual “cloud” – to store, manage, and process data, rather than a local server or a personal computer. Cloud computing allows companies to cut their hardware and software spending, and just use software-as-a-service (SaaS) from cloud-based providers.
Big data refers to the massive stores of data generated by companies from their operations, and the difficulty of organising it and “mining” it for insights. Big data is well beyond the capabilities of standard database software to handle, so specialised services to capture, sift and analyse it, using smart algorithms and high-speed technology, are coming to the market.