The term: digital divide is usually used to describe the chasm of opportunity between folks that have access to computers and the Internet and those that don't.
And the world over there are countless initiatives and programs that are trying to bridge that divide by offering equipment as well as access to internet services including the Lifeline program from the U.S. government's Universal Service Administrative Company.
But there is another digital divide when it comes to business. Companies in nearly all industries need to have access to fast and efficient Internet and data services. From managing company and customer data to providing connections to the world as well as having a back-up plan when the world goes wrong, even the most analog of companies needs a digital investment.
But that investment isn't cheap. There are the servers and all of the related hardware and software to make them run. And the folks to install, manage and repair them aren't cheap.
And there's the growth investment opportunity. Even with miniaturization, equipment takes space as well as the right climate and that takes capital and ongoing budgets.
Then there's the storage of and access to the data. Cloud computing is becoming the norm to overcome many of the physical costs of localized facilities as well as offering remote access for both employees and customers.
Companies have been ramping up capital spending with the market for cloud services rising to over $100 billion of recent. And according to industry group studies, the investment in related equipment and service is heading to become a $1 trillion and climbing market. That all spells enormous potential for your wealth-building strategy.