Wed Jan-17-2024: Cloud Soars as Traditional IT Declines, Google's No More Exit Fees, Data Analytics

In this episode, Dave Sobel discusses the latest updates in the tech market. He starts by highlighting the increase in cloud infrastructure spending and the decline in traditional IT. He also explores the opportunities for IT firms in data analytics and culture transformation. Dave then mentions Google's strategic move in cloud competition. Moving on, he discusses the latest Consumer Price Index report, which shows sticky inflation in key areas of the economy. This could complicate expectations of near-term interest rate cuts. Dave shares that prices are rising faster than desired, particularly in the services sector, while goods prices are falling. He concludes by mentioning the decline in worldwide PC shipments according to Gartner. Three things to know today 00:00 Cloud Infrastructure Spending Soars as Traditional IT Declines: Key Takeaways from IDC Report03:37 Strategic AI Integration: IT Firms' New Opportunity in Data Analytics and Culture Transformation05:31 Google's Strategic Move in Cloud Competition: No More Exit Fees  💼 All Our SponsorsSupport the vendors who support the show:👉 https://businessof.tech/sponsors/ 🚀 Join Business of Tech PlusGet exclusive access to investigative reports, vendor analysis, leadership briefings, and more.👉 https://businessof.tech/plus 🎧 Subscribe to the Business of TechWant the show on your favorite podcast app or prefer the written versions of each story?📲 https://www.businessof.tech/subscribe 📰 Story Links & SourcesLooking for the links from today’s stories?Every episode script — with full source links — is posted at:🌐 https://www.businessof.tech 🎙 Want to Be a Guest?Pitch your story or appear on Business of Tech: Daily 10-Minute IT Services Insights:💬 https://www.podmatch.com/hostdetailpreview/businessoftech 🔗 Follow Business of Tech LinkedIn: https://www.linkedin.com/company/28908079YouTube: https://youtube.com/mspradioBluesky: https://bsky.app/profile/businessof.techInstagram: https://www.instagram.com/mspradioTikTok: https://www.tiktok.com/@businessoftechFacebook: https://www.facebook.com/mspradionews Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.