Forecasting the Next Wave of Cloud Deployments

Grazed from CIO. Author: Charles Cooper.

The desire to reduce costs clearly contributed to the first wave of cloud computing. To be sure, the cloud has helped companies get a better handle on IT costs. And that’s understandable given that many IT organizations remain stuck in a mindset of proving the business case for IT investment through cost savings.

But as we reach the midpoint of 2015, it’s increasingly clear that the promise of the cloud has more to do with the role it is fated to play in accelerating the enterprise’s rate of innovation. IT managers describe the cloud as the most important technology initiative they have on their agendas for this year. They also say the cloud is causing fundamental changes in their businesses by helping them to improve service and generate new revenue streams…

“When we get software through the cloud, we get updates, new features, at three to six times the rate we had with traditional software,” Frank Gens, SVP and chief analyst at IDC, said in a recent interview. “We’re not talking about patches or bug fixes; we’re talking about driving new waves of innovation out to the market at a rapid rate. Companies that don’t use the cloud to drive this new value and innovation to the marketplace won’t keep up with the market.”…

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