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Is cloud computing immune from economic downturns?

A recent piece in Silicon Angle by Paul Gillin said out loud what I see firsthand: Cloud spending seems immune to budget reductions during contractions in the economy. “Amid growing fears of an economic downturn, enterprises are mostly staying the course with overall information technology spending and even increasing investments in digital transformationrelated areas such as cloud migration and software as a service.”

Some of us have been around long enough to remember the fears that accompanied economic downturns during the past 30 years. Most of those fears led to across-the-board budget cuts with IT most likely to receive the deepest cuts. Historically, IT budgets synced with business cycles because the principal use of IT systems was to process transactions. As the volume of business fell, so did technology.

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