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$1.5 Billion To Be Invested In Microsoft In Italy In Cloud Business


05/10/2020


$1.5 Billion To Be Invested In Microsoft In Italy In Cloud Business
The United States based software giant Microsoft Corp. said that it plans to invest $1.5 billion in expansion of its data centres all around the world and as a part of that expansion plan, a data centre region in Italy will be developed by it which will be its first in the country,
 
Last week, a data center in Milan from Microsoft's rival Amazon Web Services started operations. And a partnership with former phone monopoly Telecom Italia and Google was struck in March with the aim of jointly expanding the cloud services and operations of the US firm in Italy.
 
According to estimates of analysts, it is expected that the cloud computing market of Italy will exhibit double digit growth within the next few years. This is because companies, many of which have already adopted and implemented smart working regimen during the lockdown imposed for the coronavirus pandemic, are expected to rely more and more on utilization of digital opportunities for their business operations.
 
Microsoft views enormous potential of acceleration of innovation through cloud computing services, said Jean-Philippe Courtois, the company’s head of global sales, marketing and operations.
 
Microsoft said that the new planned data centre region will be based in the Milan area and will be an addition to the company’s other 60 such regions globally that had been announced by it.
 
Setting up of a new data center in Spain was announced in February by Microsoft. Further, the company announced its plans earlier this week to make an investment $1 billion in Poland which will be a part of the company’s plans to open a data centre to provide cloud services to businesses and institutions.
 
Microsoft will also be providing access to local cloud services while also launching digital skilling and smart-working and artificial intelligence programs aimed at the firms in the small and medium sector in Italy under a five year plan.
 
Microsoft also plans to expand its partnership with state-controlled postal operator Poste Italiane with respect to providing technological support and in helping the company to further speed up its process of digital transformation.
 
(Source:www.nytimes.com)


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