Survey: Executives' organizations moving to Cloud-based services within two years
by AccountingWEB on
Business and government executives expect their organizations to use Cloud computing within the next two years, according to results of a recent survey.
The survey of 174 respondents found that 90 percent of the executives and 68 percent of the middle managers said they are using or plan to use Cloud-based services within two years. The survey by KPMG LLP, the audit, tax, and advisory firm, was Taken at the recent Oracle OpenWorld 2010 trade show in San Francisco.
"The survey results reflect wide acceptance of Cloud-based services among executives who are increasingly recognizing the Cloud's strategic business value," said Steve Hill, KPMG's national innovation leader. "Those surveyed also said that experimentation will be required to fully understand the value of Cloud-based operations, and this approach, they noted, will bring challenges that need to be addressed."
Specifically, 82 percent of all the respondents, which consisted of executives, middle managers, and staff, said that migration to the Cloud raises a broad set of issues around business transformation that should be understood and managed across the entire organization.
When asked to rate the importance of four factors driving a company or organization to pursue Cloud-based activities, 84 percent of those surveyed rated technical (scalability, security) as important or extremely important, while 78 percent viewed economics (cost savings, shifting capital expenditures to operational expenditures) as important or extremely important, and 76 percent placed functional (capabilities, accessibility) in that category, with 66 percent rating strategic factors (business process transformation, speed to market) as important or extremely important.
In addition, 79 percent of respondents said that Cloud is a viable option for enterprises to be more agile and cost competitive, and 74 percent said that organizations adopting Cloud can experience long-term competitive advantages.
"Those surveyed clearly recognize that in the migration to Cloud computing, strategic business considerations today decisively trump yesterday's technology discussion," Hill said. "Cloud-enabled environments, particularly community models, may facilitate paradigm changes in business models and in the core drivers of competitive differentiation."
You may like these other stories...
For bitcoin users, the taxman cometh. And you best know how to calculate taxes owed on what the IRS calls convertible virtual currency.In March 2014, the IRS issued Notice 2014-21, which declares virtual currency will be...
Earlier this year I wrote about my mixed feelings on Excel for iPad's debut. My closing sentence for that article read "The early iterations of Microsoft products tend to have rough edges that get smoothed out with...
Say goodbye to the days of manual expense reports. Automated expense management products have arrived in the market with advanced processes that are saving companies tremendous amounts of time and money. In fact, a recent...
Upcoming CPE Webinars
In this course, Amber Setter will shine the light on different types of leadership behavior- an integral part of everyone's career.
In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards. A dashboard condenses large amounts of data into a compact space, yet enables the end user to easily drill down into details when warranted.
This webcast will include discussions of important issues in SSARS No. 19 and the current status of proposed changes by the Accounting and Review Services Committee in these statements.
Amber Setter will show the value of leadership assessments as tools for individual and organizational leadership development initiatives.