Sharp Daily
No Result
View All Result
Thursday, September 11, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home Technology

Surge in cloud spending signals digital transformation across industries

Editor SharpDaily by Editor SharpDaily
November 17, 2023
in Technology
Reading Time: 1 min read

Prioritizing cloud computing proves crucial, given its transformative impact on diverse sectors.

The scalability, cost-effectiveness, and accessibility of cloud technology drive innovation, streamline operations, and enhance productivity — all essential elements for economic advancement.

According to the International Data Corporation, cloud spending experienced a significant surge of 33.0% in 2022, reaching approximately USD 225.0 billion, up from USD 169.2 billion in 2021. This surge underscores the increasing recognition of cloud technology’s value in fueling digital transformation across industries. The adoption is fueled by the agility it offers, enabling businesses to rapidly adapt to market changes, launch new services, and scale operations — fostering an environment conducive to economic expansion.

For businesses, cloud computing provides a cost-effective means of data management and storage. This holds particular significance for small and medium-sized enterprises (SMEs) lacking resources for substantial investments in IT infrastructure.

RELATEDPOSTS

Kenya’s tech startups, fueling a new era of digital wealth

June 16, 2025

Kenya triumphs over Nigeria in tech investment

January 12, 2024

SMEs can access comparable software and storage capabilities as larger companies without a significant capital outlay, leveling the playing field and promoting essential competition for economic growth.

Moreover, cloud computing empowers businesses to be agile and responsive to market fluctuations. Utilizing these services enables swift adjustments in operations without the concern of costs and logistics associated with modifying IT infrastructure. This agility is crucial in addressing changing demand dynamics in today’s fast-paced business environment.

Additionally, cloud computing fosters innovation and entrepreneurship by granting businesses access to cutting-edge technology and tools. This access facilitates the development of new products and services, thereby contributing to economic growth and job creation.

In conclusion, governments must implement policies that encourage cloud adoption, including investments in digital skills training and incentives for businesses to embrace this technology. Such measures not only hasten economic growth but also ensure global competitiveness in an increasingly digital world.

Previous Post

Philips Foundation pioneers healthcare revolution in Kenya through local entrepreneurship

Next Post

Ruto’s GMO gambit: A controversial bid for food security

Editor SharpDaily

Editor SharpDaily

The latest in business, real estate, education, investments, tech and entrepreneurship, brought to you daily. Reach us through thesharpdaily@gmail.com

Related Posts

Analysis

AI and the future of investment research

August 22, 2025
Technology

AI in Kenyan enterprises: 2025 trends and challenges

April 30, 2025
Technology

Investing in Kenya’s fast-growing education sector

December 16, 2024
Technology

Harnessing technology to tackle Kenya’s youth joblessness

December 13, 2024
Folder with close up on the word claims and a note where it is written under investigation. Concept of insurance fraud, 3d Illustration
Technology

Inside the growing threat of high-tech insurance fraud in 2024

November 4, 2024
Technology

Roam Air completes 6,000 km solar-powered journey across Africa

October 17, 2024

LATEST STORIES

The role of FDIs in driving sustainable development

September 11, 2025

How increased oversight can clean up the insurance sector without stifling innovation

September 11, 2025

Why retail investors hold the key to Kenya’s capital market growth

September 11, 2025

Kenya’s new banking policies: A turning point for the financial sector

September 11, 2025

September snapshot: CMMF yields 13.12% as month unfolds

September 5, 2025

Why knowing your pension exit options matters, especially in the public sector

September 5, 2025

Breaking the Silence: Understanding and Supporting Suicide Awareness Month

September 5, 2025

Strategic financial moves steer Kenya’s economic stability

September 4, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024