Cloud computing has been a buzzword in the business world in recent years, but, until now, many firms have not been realizing the benefits created by moving processes to the cloud, according to recent research from market intelligence firm Strategy Analytics.
The report shows businesses are increasing their investments in Software-as-a-Service solutions, with 64 percent of organizations spending more on SaaS this year, while 37 percent are investing in the Infrastructure-as-a-Service cloud model.
“Organizations have been relying on business cloud services including email, CRM, and web and audio conferencing for more than a decade,” said Mark Levitt, director of enterprise software and communications at Strategy Analytics. “This Strategy Analytics survey shows that a majority of corporations have abandoned traditional on-premise software deployments for many types of application and infrastructure software.”
Businesses that are beginning to invest in the cloud list scalability, visibility and manageability as the main drivers for cloud adoption.
With businesses beginning to put more money into cloud computing, they are putting their business-critical information on the internet, opening it up to potential cyberattacks. Although it’s essential to be vigilant and have strong security measures in place, by purchasing cyber liability insurance, businesses can enjoy some peace of mind, knowing there is a financial safety net if customer data should be compromised.
