Ur­ban­iza­tion opens cloud-com­put­ing op­por­tu­ni­ties

China Daily (Canada) - - NEWSCAPSULE -

China’s am­bi­tious ur­ban­iza­tion plans are a new busi­ness op­por­tu­nity for over­seas cloud com­put­ing com­pa­nies as lo­cal gov­ern­ments seek smarter ways to man­age their cities.

Cloud tech­nol­ogy is a model of net­work com­put­ing where a pro­gram or ap­pli­ca­tion runs on a con­nected server or servers rather than on a lo­cal com­put­ing de­vice such as a per­sonal com­puter, tablet or smart­phone.

China is ex­pected to spend at least 2 tril­lion yuan ($322 bil­lion) on smart city ini­tia­tives by 2025, ac­cord­ing to in­dus­try re­search firm In­ter­na­tional Data Corp.

Over­seas cloud providers are ea­ger to tap into the emerg­ing mar­ket. They have teamed with Chi­nese providers to of­fer pub­lic cloud ser­vices in the coun­try be­cause for­eign com­pa­nies are not al­lowed to set up pub­lic cloud ser­vices in China.

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