Business
How to benefit from the cloud computing boom with ASX shares
Because of the pandemic and the working from home initiative, you might have heard people talking about the cloud or cloud computing a lot this year.
Cloud computing is best described as the on-demand availability of computer system resources such as data storage and computing power, without direct active management by the user.
It’s what allows you to stream endless hours of TV shows via Netflix, do your accounting at home with Xero Limited (ASX: XRO), or communicate with your colleagues via Zoom.
While the pandemic has accelerated the adoption of cloud-based products, there’s still a long way to go before cloud computing growth plateaus.
Especially due to new technologies and the arrival of 5G internet. The latter is expected…
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