IT Confidence in Cloud Computing Going Up as Investor Surety Falls

Grazed from Midsize Insider. Author: Doug Bonderud.

As cloud computing becomes a ubiquitous part of IT business life, administrator confidence grows–at least according to VMware. The virtualization giant’s third annual Cloud Index says that many Asia-Pacific IT pros now believe they "strongly understand the cloud." But despite increased use and comprehension, investor surety in the cloud isn’t keeping pace. Even companies with huge sales numbers are still unprofitable; is the market headed for a cloud tipping point? Does this get worse for midsize IT before it gets better?

Certain in Singapore

According to the VMware Cloud Index 2012, Singapore tops the list with 82 percent of respondents confident in their knowledge of the cloud. The study covered 10 economies in the Asia-Pacific region, with nine of those boasting numbers above 70 percent. Only Malaysia came in under that mark, but 66 percent is still a solid percentage given the immaturity displayed by many cloud services. Among the top drivers of cloud adoption in the region were optimizing IT and reducing costs; interestingly, cost also made it into the "top cloud concerns" along with data privacy and security. Singapore and Hong Kong especially expressed concerns about data privacy and residency, despite efforts by their governments to encourage local data centers over foreign owned interests…

So it’s safe to say that cloud computing is not only gaining international ground, but more IT admins are confident saying they understand how the technology works. As a result, cloud companies have started to perform well–some might say too well–on stock markets. The result is a potential tipping point in the sales/profit equation, one that could have a significant impact even on huge providers…

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