Feds predict $16.6 billion in cloud savings, triple OMB’s estimates

Grazed from NextGov. Author: Editorial Staff.

Federal managers believe they can save more than $16 billion annually by moving critical technology infrastructure to cloud computing, a survey released Wednesday shows. That’s more than three times the highest figure to come from the Office of Management and Budget.

In May 2011, then-federal Chief Information Officer Vivek Kundra told a Senate panel that moving computer storage and services to the cloud would save the government a minimum of $5 billion annually…

Kundra stressed that the $5 billion figure was only the minimum possible payoff, and said a definitive number would have to wait until more of the transition was completed. The CIO’s office hasn’t released a revised topline estimate since then. Among federal managers who have moved at least one mission-critical process to the cloud, 91 percent reported success, according to Wednesday’s survey from MeriTalk, a government IT network. The June 2012 survey included 151 federal technology managers and had a margin of error of about 8 percent…

Read more from the source @ http://www.nextgov.com/cloud-computing/2012/09/feds-predict-166-billion-cloud-savings-triple-ombs-estimates/58193/?oref=ng-HPriver