Most Executives See Their Organizations Moving To Cloud-Based Services Within Two Years: KPMG Survey

NEW YORK, Oct. 27 /PRNewswire/ — Business and government executives overwhelmingly expect their organizations to use Cloud computing within the next two years, according to results of a survey by KPMG LLP, the audit, tax, and advisory firm.

Taken at the recent Oracle OpenWorld 2010 trade show in San Francisco, the survey of 174 show attendees found that 90 percent of the executives and 68 percent of the middle managers said they are using or plan to use Cloud-based services within two years.

“The survey results reflect wide acceptance of Cloud-based services among executives, who are increasingly recognizing the Cloud’s strategic, business value,” said Steve Hill, KPMG’s National Innovation Leader.  “Those surveyed also said that experimentation will be required to fully understand the value of Cloud-based operations, and this approach, they noted, will bring challenges that need to be addressed.”

Specifically, 82 percent of all the respondents, which consisted of executives, middle managers and staff, said that migration to the Cloud raises a broad set of issues around business transformation that should be understood and managed across the entire organization.

When asked to rate the importance of four factors driving a company or organization to pursue Cloud-based activities, 84 percent of those surveyed rated “technical” (ie., scalability, security) as important or extremely important, while 78 percent viewed “economics” (cost savings, shifting capital expenditures to operational expenditures) as important or extremely important, and 76 percent placed “functional” (ie., capabilities, accessibility) in that category, with 66 percent rating “strategic” factors (ie., business process transformation, speed to market) as important or extremely important.

In addition, 79 percent of executives, middle managers and staff said that Cloud is a viable option for enterprises to be more agile and cost competitive and 74 percent said that organizations adopting Cloud can experience long-term competitive advantages.

“Those surveyed clearly recognize that in the migration to Cloud computing,  strategic business considerations today decisively trump yesterday’s  technology discussion,” said Hill.  “Cloud-enabled environments, particularly community models, may facilitate paradigm changes in business models and in the core drivers of competitive differentiation.”

KPMG’s survey consisted of 174 executives, middle managers and staff from business, government and academia who completed surveys onsite at the Oracle OpenWorld 2010 trade show in September.

About KPMG LLP

KPMG LLP, the audit, tax and advisory firm (http://www.us.kpmg.com), is the U.S. member firm of KPMG International Cooperative (“KPMG International.”)  KPMG International’s member firms have 140,000 professionals, including more than 7,900 partners, in 146 countries.

Contact: Mike Alva/Bob Wade
KPMG LLP
Tel: 415-963-5426/201-307-7482
Email: malva@kpmg.com/
robertwade@kpmg.com

SOURCE KPMG LLP

Follow Us!

CloudTweaks

Established in 2009, CloudTweaks.com is recognized as one of the leading authorities in cloud computing information. Most of the excellent CloudTweaks articles are provided by our own paid writers, with a small percentage provided by guest authors from around the globe, including CEOs, CIOs, Technology bloggers and Cloud enthusiasts. Our goal is to continue to build a growing community offering the best in-depth articles, interviews, event listings, whitepapers, infographics and much more...
Follow Us!

Latest posts by CloudTweaks (see all)

Sorry, comments are closed for this post.

The Future Of Work: What Cloud Technology Has Allowed Us To Do Better

The Future Of Work: What Cloud Technology Has Allowed Us To Do Better

The Future of Work: What Cloud Technology Has Allowed Us to Do Better The cloud has made our working lives easier, with everything from virtually unlimited email storage to access-from-anywhere enterprise resource planning (ERP) systems. It’s no wonder the 2013 cloud computing research IDG survey revealed at least 84 percent of the companies surveyed run at…

Cloud Computing and Social Networks

Cloud Computing and Social Networks

Pushing Innovation With Social Networks There was a time when storage space was a precious commodity. A few videos and photographs and the system would be gasping for breath in old PCs’ limited storage space. 10 Years ago, today’s top social networking sites would have broken down under the burden of the heavily visual traffic…

Cloud Infographic – Cloud Fast Facts

Cloud Infographic – Cloud Fast Facts

Cloud Infographic – Cloud Fast Facts It’s no secret that Cloud Computing is more than just a buzz term as that ship has sailed off a long time ago. More and more companies are adopting the uses and benefits of cloud computing while aggressively factoring cloud services spending into their budget. Included is an excellent…

Cloud Infographic: Most Used Cloud Apps

Cloud Infographic: Most Used Cloud Apps

Cloud app and analytics company, Netskope released its quarterly Cloud Report. The new report reveals that enterprise employees are using an average of 397 different cloud apps (most of which are unsanctioned), when IT estimated they have 40-50 — that’s a tenfold underestimation. Below is an infographic provided courtesy of the group at Netskope which goes into further detail.…

Five Signs The Internet of Things Is About To Explode

Five Signs The Internet of Things Is About To Explode

The Internet of Things Is About To Explode By 2020, Gartner estimates that the Internet of Things (IoT) will generate incremental revenue exceeding $300 billion worldwide. It’s an astoundingly large figure given that the sector barely existed three years ago. We are now rapidly evolving toward a world in which just about everything will become…

CONNECT TO THE CLOUD

 

Cloud Logo Sponsors

hp Logo CityCloud-PoweredByOpenstack-Bluesquare_logo_100x100-01
cisco_logo_100x100 vmware citrix100
Site 24x7


Contributor Spotlight

Established in 2009, CloudTweaks is recognized as one of the leading influencers in cloud computing, big data and internet of things (IoT) information. Our goal is to continue to build our growing information portal, by providing the best in-depth articles, interviews, event listings, whitepapers, infographics and much more.

Contact

CloudTweaks Media
Phone: 1 (212) 763-0021

Branded Content Programs

Advertising