Sky Data

Chamath Palihapitiya, managing partner and founder of The Social+Capital Partnership, speaks during a Bloomberg West Television interview in San Francisco, California, U.S., on Tuesday, May 21, 2014. After a four-year career at Facebook Inc., where Palihapitiya worked on mobile products and expanded the company internationally, he left to form Social+Capital. Photographer: David Paul Morris/Bloomberg via Getty Images

July 05, 2012 (LBO) –Sri Lankan firms engaging in large scale data operations could switch to storing information on remote centres over the internet, that could trim costs by up to 70 percent, IT officials said.