Study Reveals that Cloud Could Cut $12 Billion from US Government Annual Deficit
A federal IT consortium now estimates that federal agencies are now already saving about $5.5 billion annually with their cloud implementations, but that’s only part of the story. It’s likely that this savings will rise to $12 billion as cloud efforts move forward.
That’s the call from MeriTalk Cloud Computing Exchange (CCX), a community of Federal cloud leaders. The rosy savings numbers come from a newly released survey of 108 federal IT managers that extrapolates the cloud numbers from reported savings. On average, the IT executives report a savings so far of at least 7% off their IT budgets for the next fiscal year. Based on the 2013 IT budget of $78.9 billion, that’s about $5.5 billion in annual Federal savings, the study concludes…

