Cloud computing has emerged as a popular option for a majority of businesses. Industry research has shown that companies not using the cloud appear to be in the minority, as organizations are leveraging hosted environments to address a number of corporate demands that cannot be handled by outdated IT systems.
A recent survey conducted by North Bridge Venture Partners and GigaOM Research found that 75 percent of firms are using the cloud in some capacity, growing from 67 percent in a 2012 study. According to GigaOM, this development is in line with its own analysis of the cloud market, which is projected to increase 126.5 percent from 2011 to 2016, reaching nearly $159 billion.
One of the most beneficial aspects of hosted environments is in terms of disaster preparedness. Cloud backup allows businesses to migrate mission-critical resources to the cloud, ensuring information and applications remain safe and accessible during disruptions. The survey found that backup, disaster recovery and business continuity are some of the main drivers behind the technology’s overall growth.
Michael Skok, general partner at North Bridge Venture Partners, said the cloud revolution is still very much in its infancy.
“Yet the cloud formations we identified in last year’s survey are clearly on an unstoppable rise. Self-empowered consumers and businesses are taking the lead, and in many instances, regardless of IT,” Skok said.
Skok added that in order for the cloud to reach its full potential, the IT industry will have to ensure that complexities associated with the solution are minimized while enhancing interoperability.
Executives who have maintained that their businesses are perfectly fine without cloud computing may want to rethink this stance. A survey conducted by Luth Research and Vanson Bourne on behalf of CA Technologies found that companies leveraging the cloud for at least one year are lowering costs, achieving faster deployments and improved outcomes quicker than anticipated.
Some decision-makers are likely still resistant to embracing the cloud because of security concerns. However, the survey found that 98 percent of respondents said the cloud’s protection across IaaS, SaaS and PaaS models met or exceeded their expectations.
The IT industry will continue to create new and innovative solutions. While some technologies quickly fall by the wayside, it is clear that cloud computing is not simply a flash in the pan.