Companies are starting to use the cloud in more and more unique ways, spelling opportunities for cloud providers that provide more value-added services, says database giant Oracle (ORCL) - Get Report .
"It's definitely moved from 'OK, what's cloud?' and 'why would I want to go to cloud?' to 'I get it,'" Oracle SVP of Cloud Steve Daheb told TheStreet. "And now it's a question of how?"
Some of those questions now involve how to architect, manage and secure a company's cloud data, as well as how to use cloud-based services and technologies that can drive more revenue, Daheb said.
Jim Cramer's Action Alerts Plus portfolio is a strong believer that companies' march to the cloud will continue.
"Especially in a market as volatile as this, we value those names levered to the cloud because we think it is a secular trend that represents the future of computing and can grow despite any slowdown the broader global economy," said Zev Fima, research analyst for Action Alerts Plus. "Because of the increased functionality, scalability and variable cost structure the cloud provides, it just makes sense for companies to continue to pursue their digital transformations and increasingly shift from on-premises data centers to cloud-based or hybrid solutions."
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