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Experts suggest cloud computing, virtualization and automation will decrease long-term IT spending, but ever-expanding data volumes and computing requirements could ensure plenty of revenue to go around.

The question was posed earlier this week as to whether cloud computing ultimately will represent a permanent downshift in IT spending, or whether it will become another channel for growth. Conventional wisdom, as well as Goldman Sachs, suggests the former: While spending will rise in the short-term as companies and cloud providers update their data centers, their investments in virtualization and automation technologies actually will decrease the need for spending in the long-term. It’s a [...]