Business Technology Roundtable

Worldwide spending on data center technology infrastructure and services exceeds $350 billion annually, according to McKinsey and Company estimates, with half of that spent on capital expenses and half on operating expenses. Further, an estimated 70 percent or more of those costs are expended to maintain existing infrastructures, leaving 30 percent or less for new technology initiatives and applications that can provide breakthrough differentiation for businesses. It is also estimated that approximately $85 billion, or 20 percent of this total market, can be addressed with data center virtualization and private cloud technology by 2015. Cisco and EMC , together with VMware , have introduced the Virtual Computing Environment coalition, an unprecedented collaboration of three information technology (IT) industry leaders. Virtual Computing Environment Coalition Charter The coalition has been created to accelerate customers' ability to increase business agility through greater IT inf...