Clutch recently released its findings from the 2017 Annual Cloud Computing Survey. Overall, the survey shows that business’ attitudes towards cloud computing have become very positive, and adoption rates have increased since 2016. More businesses are beginning to understand the benefits that cloud offers in terms of security, efficiency, and its ability to support advanced technologies such as AI. Cloud increases the value businesses gain from their IT spending, especially as it relates to the use of advanced technologies that improve decision-making, employee engagement, and customer experience.
Below are the highlights.
1. More money is being budgeted for cloud
Most companies plan to increase their Cloud Computing spending. More than two-thirds of businesses expect to increase their cloud computing spending by more than 10% this year relative to last year.
2. The perceived value of cloud outweighs its cost
Just over half of businesses don’t see “increased cost” as a deterrent to cloud adoption. Since businesses are willing to pay extra for the value that cloud offers, this implies that cloud computing has become a priority for businesses.
3. Security and increased efficiency are top-of-mind when adopting cloud
Tying into the previous finding, the topic of security has become a driving force for cloud adoption. This indicates a turning point in the way cloud is viewed. Previously, the general sentiment was that cloud technology was less secure than traditional IT because it can be accessed from anywhere. Businesses have since recognized that the method of accessing corporate data is much more important from a security standpoint than its actual storage location. With third-party cloud hosting, any business can have access to affordable, very high-level security.
Increased efficiency comes in at a close second to the topic of security among 41% of survey respondents. For example, as it relates to better worker productivity, cloud-based applications and file sharing services allow staff to access their work from anywhere. To take it a step further, by using public cloud, companies can outsource their hosting requirements to a specialized entity and take advantage of lower prices that result from its inherent economies of scale.
4. Hybrid cloud is becoming more popular
Although private cloud is most popular, more than three quarters of respondents are exploring hybrid cloud as a future option. While companies are still trying to retain some control over their information technology, the statistics show that companies are considering hybrid cloud options to move some of their data to an off-site cloud provider. By choosing this approach, companies can maintain control of sensitive information and legacy applications on private cloud servers while storing most of their other data on a secure third-party cloud host to reduce maintenance costs.
5. Most businesses seek help with their cloud strategy
Most businesses employ the services of a consultant to help them implement a cloud strategy. This makes sense considering the complexity of a cloud migration and the increasing speed at which business is done: firms likely desire the ability to transition from traditional IT to cloud as quickly and effectively as possible. Expert consultants help achieve this through their experience and deep knowledge of this relatively new field.
6. Artificial Intelligence in the cloud is growing
The compound annual growth rate for AI adoption among businesses using cloud is more than 50%. This shows that we are living in a time where businesses are recognizing and embracing the future of technological change. The use of artificial intelligence is already being used in some of the largest financial institutions in an attempt to automate high-level professions that are repetitive in nature. Although only 18% of businesses are using AI, this represnets a huge increase from 3% in just 2014.
Cloud technology adoption and spending continues to grow each year. Businesses that have already adopted cloud are becoming more comfortable with the idea of having their data hosted by a credible third party. As a result of the accelerated pace of change in IT, more companies are relying on external consultants to help them navigate the field. Attitudes will likely continue to become even more positive as AI and other advanced technology adoption increases.