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Data is currency. Businesses use data to discover inefficiencies, tap into new opportunities and increase profit margins. Cloud computing allows companies to store and manage their resources to access more data points and enable better workflows. The technology also eliminates many expenses for business owners. Cloud computing companies eliminate the need for businesses to own data centers and make expensive purchases of high-end technology. These platforms provide more affordable access to computing. The technology has helped many businesses, and cloud computing stocks have rewarded investors. If you want to profit from the growing importance of cloud computing, these three undervalued stocks look compelling.
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