At the recent Cisco Live event, Cisco's Internet Business Solutions Group chief technologist Dave Evans highlighted cloud computing as one of the 10 technologies that will transform the landscape in the next 10 years.
According to a recent Network World report, Evans said the cloud will store much of the influx of large amounts of data known as "zettaflood." Cisco also predicts that by 2020 one-third of all data will be stored or pass through the cloud.
"Already, the cloud is powerful enough to help us communicate through real-time language translation, increase our knowledge from access to powerful supercomputers, such as Wolfram Alpha, and improve our health using computing platforms like IBM's Watson in new ways," said Evans.
Cloud computing is expected to continue its rapid adoption. According to an IDC report, public cloud spending is expected to reach nearly $73 billion in 2015, which represents a compound annual growth rate of 27.6 percent from the $21.5 billion spent in 2010.