2015 Advertising Opportunities - Find Out More!

How Companies Are Adopting and Adapting to Cloud Computing: KPMG

How Companies Are Adopting and Adapting to Cloud Computing

There have been several studies attesting to the growth of cloud computing, and some of them have been covered in earlier articles (See: Where Is Cloud Computing Going? Up, Up And Away! and How BIG Is the Cloud Computing Market?). Now, KPMG has come out with study that shows not only how fast cloud computing is growing, but also what is compelling this change.According to the study conducted among 806 executives, many from the C-suite, 81% responded that their organizations had already moved at least some business activities to the cloud and 17% of them expect 2012 investment “to skyrocket, with some companies planning to spend more than a fifth of their IT budget on cloud next year”. 10% of the respondents said that their organizations were already running their entire core IT services on the cloud, while 13% responded that the process was underway.

The study also revealed the reasons companies were taking to the cloud. 80% cited process improvement as the reason; 79% of users and 76% of providers believed that the shift leads to technical benefits, and 76% said the use of cloud computing would have strategic benefits, possibly including transforming their business models to gain a competitive advantage.

The respondents stressed that a move to the cloud will have to deliver tangible cost reductions for organization-wide buy-in, with different proportions gunning for different percentages of required savings on IT spending. 45% said they would have to be between 1-10% of current levels, 34% proposed a range of 11-25%, while 10% had high expectations of 25%-plus reductions.

For some ways in which companies can save money by adopting cloud computing, see:

1. How Cloud Computing Can Save You Money

2. Saving Money on Rent by Going on the Cloud

3. Saving Money on Energy by Going on the Cloud

KPMG summarized the beneficial effects of cloud computing, as seen by companies, as follows: “Cloud is transformative in that it is creating new business opportunities as companies harness its power to efficiently facilitate new revenue, services and businesses. It is breaking down barriers in the supply chain, creating more effective and timely interaction between clients and suppliers. It is delivering speed, agility and cost reduction to IT and other functional areas within the enterprise. The transformative impact of cloud can readily be seen across the enterprise in areas from HR, CRM, and IT infrastructure.”

Steve Hasty, head of Global IT Advisory, Risk Consulting at KPMG, commented, “Cloud adoption is quickly shifting from a competitive advantage to an operational necessity, enabling innovation that can create new business models and opportunities. As this rapid adoption curve continues to gain momentum amid a struggling economy, it is important for corporate leadership, directors and boards to be informed and engaged in strategic discussions about Cloud’s impact on their long-term growth opportunities and competitiveness.”

Official Press Release at http://www.kpmg.com/global/en/issuesandinsights/articlespublications/press-releases/pages/cloud-is-now.aspx

sourya

Sourya Biswas is a former risk analyst who has worked with several financial organizations of international repute, besides being a freelance journalist with several articles published online. After 6 years of work, he has decided to pursue further studies at the University of Notre Dame, where he has completed his MBA. He holds a Bachelors in Engineering from the Indian Institute of Information Technology. He is also a member of high-IQ organizations Mensa and Triple Nine Society and has been a prolific writer to CloudTweaks over the years... http://www.cloudtweaks.com/author/sourya/

One Response to How Companies Are Adopting and Adapting to Cloud Computing: KPMG

  1. […] How Companies Are Adopting and Adapting to Cloud Computing: KPMG […]

Comics

At CloudTweaks, we're plugged into the cloud, the internet of things and all that the web has to offer. From wearable technology, to mobile computing, cloud computing and big data, CloudTweaks is your source for updates and news on the most innovative technology.

Popular

Top Viral Impact

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…

The Education Revolution: Cloud In The Classroom

The Education Revolution: Cloud In The Classroom

The Education Revolution: Cloud In The Classroom With the back-to-school season now upon us, parents, students and teachers everywhere are once again struggling with the perpetual challenge of making kids job-ready in a high-speed and fast-changing environment. There is little doubt in anyone’s mind that information technology plays a central role in all areas of life…

Cloud Infographic: Cloud Apps (A Buyers Guide)

Cloud Infographic: Cloud Apps (A Buyers Guide)

Cloud Apps (A Buyers Guide) SaaS has gained huge popularity over the last few years, with an increasing number of enterprises adopting it mainly due to the benefits like pay per use and on demand service. Cloud applications entail thorough testing for their integrity, different from that of on-premise applications. This involves testing of business…

Forrester Releases Its “15 Emerging Technologies To Watch Before 2020” Report

Forrester Releases Its “15 Emerging Technologies To Watch Before 2020” Report

15 Emerging Technologies To Watch Before 2020 The cloud, big data, the internet of things, and wearable technology have all featured heavily in Forrester’s latest list of fifteen technologies to watch before 2020. It is becoming a reality for businesses that they need to adapt and change to an increasingly technologically-minded customer base. Traditional marketing…

Featured Sponsors

Salesforce Service Cloud: Air Traffic Control For Your Customer

Salesforce Service Cloud: Air Traffic Control For Your Customer

Salesforce Service Cloud One of the greatest benefits of the increasingly reliable and ubiquitous state of cloud technology is the removal of business silos and the consolidation of information flow, both in-house and on the road. This is of particular importance to the many different types of professionals whose work involves customer relationship management (CRM).…

Watching You Shop: Stores And Mannequins “Read” Their Customers And Respond

Watching You Shop: Stores And Mannequins “Read” Their Customers And Respond

Watching You Shop The mannequin in the store window stares blankly ahead as shoppers look at the clothes it is dressed in and contemplate a purchase. One shopper makes some comments. “It’s nice. I wonder if they have my size.” Another takes a few steps inside the store to see where these particular clothes might…

Cloud Logo Sponsors

hp Logo CityCloud-PoweredByOpenstack-Blue square_logo_100x100-01
cisco_logo_100x100 vmware citrix100

2015 Advertising Opportunities - Find Out More!

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

Join Our Newsletter