“Cloud-computing providers are emerging as among the few corporate winners in the coronavirus pandemic as office and store closures across the U.S. have pushed more activity online,” as reported by the Wall Street Journal.
Those who pick stocks are betting on cloud growth due to the crisis, thus we’re seeing this first reported in business journals. Most likely, after the crisis has gone and business hopefully returns to normal, there will be a mad rush to move to public cloud-based resources. Here’s why.
Business seems to change around pain. In the past weeks companies that had already migrated to public cloud had a strategic advantage over those still operating mostly in traditional data centers.