Verizon launched its iobi service in the mid-Atlantic states. Customers can use the service to manage their communications via the Web, including handling of incoming calls in real time; managing call records, voice messages and calendars; synchronizing multiple electronic address books; and receiving a text message notice of an incoming call or new voice message. Iobi is driven by a Verizon-proprietary data platform that integrates the Verizon wireline network with other networks and with the Internet. It's also coupled with the unique Verizon One device and associated service bundle -- cordless phone, dsl modem and wireless router.
The global cloud computing market is undergoing new significant growth, driven by the rapid adoption of artificial intelligence (AI) and the demand for flexible, scalable infrastructure. The recent market study by International Data Corporation (IDC) provides compelling evidence of this transformation, highlighting the accelerating growth in cloud infrastructure spending and the pivotal role of AI in shaping the industry's future trajectory. Shared Infrastructure Market Development The study reveals a 36.9 percent year-over-year worldwide increase in spending on compute and storage infrastructure products for cloud deployments in the first quarter of 2024, reaching $33 billion. This growth substantially outpaced non-cloud infrastructure spending, which saw a modest 5.7 percent increase to $13.9 billion during the same period. The surge in cloud infrastructure spending was partially fueled by an 11.4 percent growth in unit demand, influenced by higher average selling prices, primari