Tencent's Cloud division has a new "3D Ecosystem Strategy," according to the Chinese tech company. Technology, open-source, and business collaborations are the 3 main “dimensions” of this strategy.
Ping Chen, Tencent Cloud’s Vice President, said “The 3D Ecosystem is Tencent’s long-term strategy.”
Tencent has partnered with Intel to develop an incredibly fast cloud disk system. It becomes an industry-leading position in major aspects such as latency and Input/Output Operations Per Second (IOPS) for the first of its focuses, which is technology.
Chen explained that the latest cloud disk technology has accomplished a sector latency advance. Tencent Cloud's ultra-fast cloud hard drive has a delay of just 40 microseconds, as per testing.
Besides, the new cloud drive has a bandwidth of 250 MB/s. It lets consumers copy data to the cloud without having to change their settings.
Tencent Cloud will use popular open-source tools that are already commonly used, such as Flink, Spark, Hive, Presto, Tensorflow, and other large data processing engines, in the open-source space.
Chen was vague on the third aspect of the latest plan, saying only that Tencent Cloud would work with collaborators nationally and internationally to "achieve joint business solutions for a win-win situation in business value."
Tencent has been extending its cloud services in Asia in recent years. As part of its Southeast Asia expansion plans, the tech company opened its first data center in Indonesia last April.
It has previously launched data centers in Thailand and South Korea, expanding its cloud reach to 61 availability zones in 27 regions. To extend its operations, Tencent Cloud has partnered with several Chinese and foreign businesses.
Moreover, Tencent's new collaboration with IBM has resulted in an optimized parallel storage approach for high-performance computer systems like self-driving cars.
Tencent Cloud and Dingjia, a Chinese private investment company, have worked together to develop a hybrid cloud storage system for data backup and recovery.
Hybrid cloud services are built to revitalize on-premises data centers by providing behind-the-firewall connectivity to public cloud providers. Specific applications are designed to offer seamless connectivity to both private and public cloud systems while improving task migration.
According to GlobalData, multinational corporate investment on SaaS, PaaS, and IaaS totaled $273.4 billion in 2019.
GlobalData experts forecast that global corporate spending on cloud providers would hit $284.4 billion by the end of 2020, up 4% year over year. By the end of 2024, it will reach $429.4 billion.
