This former EMC exec says Amazon ate his old business and it will never recover

#FormationData Systems Much has been written about the decay of the PC market, but there's another once mighty market in a similar death spiral: #enterprisestorage. That market gave rise to multibillion-dollar companies like #EMC (being bought by #Dell ) and #NetApp (struggling to grow revenue), as well as storage units at Dell, #Hitachi, and others. Overall, revenues dropped 2% in 2015, with EMC down by 5% and NetApp down by nearly 15%, IDC reports. That traditional storage market, where companies buy specialized hardware called storage arrays to hold and manage corporate data, is never coming back, says Mark Lewis, a longtime storage exec, who was once EMC's CTO and chief strategy officer. There are two reasons for the death spiral, he says:

http://www.businessinsider.com/amazon-ate-emc-says-former-emc-exec-2016-8