Virtualization Technology News and Information
Ascent Venture Partners 2015 Predictions - The Year of the Cloud


Virtualization and Cloud executives share their predictions for 2015.  Read them in this series exclusive.

Contributed article by Matt Fates, Partner at Ascent Venture Partners

2015 – The Year of the Cloud

According to IDC predictions, cloud services are expected to accelerate in 2015 with $118 billion in spending on the greater cloud ecosystem. Conversations with IT decision makers across companies large and small, within many different industries, indicate that the level of adoption advanced significantly in 2014.

Not only are the vast majority of companies now using numerous SaaS applications, but mission critical IT resources are increasingly moving to cloud platforms. With this momentum, it seems 2015 will be the year that ‘utility computing' - or buying IT just as you would electricity - will become more the norm among corporate users. An IDG study suggests that in the past two years, the percentage of enterprises with either applications or infrastructure running in the cloud has gone from just 12 percent to an enormous 69 percent. And 62 percent of IT professionals claim that roughly a third of their IT systems are now cloud-based. Verizon recently reported that enterprise spending on cloud is up 38 percent year over year. These numbers show the extreme proliferation of cloud adoption both this year as well as in the year to come.

We are seeing an expanding ecosystem developing around these cloud platforms. The shift to outsourced cloud-based providers means businesses need entirely new management systems for costs, security, performance, fault tolerance, reporting, and the list goes on.  Each one of these categories is a multi-billion-dollar market within traditional IT, and each will be transformed as it moves to the cloud.


About the Author

Matt Fates, Partner

Matt joined the Ascent team in 2002 to continue his work with innovative early stage enterprise IT companies. Over the last decade at Ascent, Matt has focused on investments in data analytics, cloud business services and security. He was a double major in computer science and economics at Yale University and has been a self-described "geek for a long time." He found computer programming to be addictive but realized the business side of the tech world was more his strength and earned an MBA from the Tuck School of Business at Dartmouth (Tuck Scholar).

Matt has worked with emerging technology companies since 1996. He started his career at Alex Brown & Sons, where he helped execute both equity and M&A transactions, working with companies such as BBN, CIENA, DSET, RSA Security and He then moved to Norwest Venture Partners, where he worked on venture investments such as Broadband Access Systems (acquired by ADC Telecom), Gold Wire Technology (acquired by Intelliden), and COSpace (acquired by InterNAP). 
Published Tuesday, January 06, 2015 6:29 AM by David Marshall
@VMblog - (Author's Link) - February 10, 2015 6:55 AM

Once again, how great is it to be a part of the virtualization and cloud industries? 2014 was another banner year, and we witnessed a number of fantastic technologies take shape and skyrocket. And I, along with many industry experts and executives, media

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