According to a report by Affiliated Technology Solutions, businesses that utilize customer facing technology for competitive advantage will fuel demand for Cloud Computing in 2016.
The report notes that demand will in particular be strong for Software as a Service (SaaS). Further, the adoption of mobile and cloud computing will lead to an increase in the adoption of fast, affordable and secure broadband networking.
Affiliated Technology Solutions notes some of the biggest trends for 2016 in its report. Among them is the continuing adoption of cloud computing. According to the report, migration to cloud-based email, sales and customer management applications and other SaaS applications are expected to lead the way.
Another trend for 2016 will be the greater need for fast, affordable and secure broadband. The report notes that Mobile Computing and Cloud Computing will put additional demands on network infrastructure.
Further, the need for SaaS applications, remote backup and sharing applications will require companies to have to upgrade their business Internet technology for fast and affordable broadband options. As a result, Affiliated Technology Solutions expects
companies to pay particular attention to reliability and security as they adopt broadband network
technologies.
Finally, Affiliated Technology Solutions expects tablets, laptops, desktops and smartphones to continue to grow. Indeed, more and more people across the globe continue to switch to tablets and smartphones and this trend is expected to continue in 2016 as well.
This morning, Bellevue, Washington-based CoroWare Inc. (OTCPK:COWI), a diversified technology and solutions company, provided its guidance for the fourth quarter of 2015.
COWI, which provides a range of services, reported that it expects fourth-quarter 2015 gross revenue to exceed $1.7 million, which would represent a growth of 25% on a sequential basis.
The company said that the revenue guidance is based on unaudited fourth-quarter 2015 financial statements.
COWI noted that the higher-than-expected results are due to a combination of new customer engagements, which includes the delivery of marketing support services and repeat customer engagements.
Commenting on the fourth quarter, Lloyd Spencer, President and CEO at CoroWare, said that he is pleased to report that the company achieved solid quarter-over-quarter growth of its contract services and outsourced managed services.
Spencer further said that in the coming quarter, COWI shall be focusing on improving operational efficiency, achieving profitability,
extinguishing convertible debt, and delivering value to its shareholders.
That last part should be a priority for the Company as shares of COWI have barely moved in the last 12 months as the Company has amassed over 8.8 billion in outstanding shares with their ongoing dilution program.
Hopefully this revenue bump will give the Company the flexibility to change their ways which could finally deliver some value to its shareholders.
