10 Cloud Stats Every Business Leader Should Know

The overwhelming consensus among CIOs is that cloud is no longer a novelty. According to 451 Research, 65% of enterprises are using cloud computing for complex, business-critical workloads.  So what is the state of the cloud today? Following are 10 cloud stats every business leader should know.

The cloud has gone mainstream

Once used for small-scale or non-critical workloads, the cloud has become an established delivery platform for application workloads, alongside colocation, managed hosting and on-premises data centers. And organizations are increasing their spend on these services. According to a survey by SiliconANGLE, end-users will spend approximately $180 billion on cloud services by 2015. The global market for cloud equipment is expected to reach by $79.1 Billion 2018.

Cloud storage is a top priority

The explosion of data requiring storage as well as an increasingly mobile workforce has catapulted storage needs to the top of many CIOs’ list of investments. A recent survey by SiliconANGLE asked IT leaders what one application they would choose to move to the cloud. It’s no surprise that 25% of respondents listed storage.

The cloud has become an integral part of organizations’ services

Enterprises are increasingly using the cloud to support the services they deliver to customers such as ecommerce in retail, risk analysis in insurance and product development in manufacturing. In fact, 72% of enterprises expect to put more than half their workloads in the cloud by 2017 – up from 58% in 2014 (451 Research, 2014).

Cloud benefits go beyond cost savings

Savvy IT leaders understand that the benefits of the cloud go beyond saving money.  Only 14% percent of enterprises say that reducing costs was their main motive for adopting a cloud solution, while 32% cited business agility as their top priority (HBR Analytics Services, 2014).

Uptime and availability are critical

As IT leaders continue to expand their use of cloud solutions, performance and availability are becoming critical factors, particularly for mission-critical and delay-sensitive applications such as virtual desktop streaming. When asked what factors they rated most important in a cloud service, 84% of organizations rated uptime as the most important factor when selecting a cloud service provider.

The cloud is redefining IT’s role within their organizations

Interest in the cloud has gone beyond the walls of IT. In fact, many business leaders such as the Chief Marketing Officer (CMO) are initiating cloud projects and specifying the business requirements around them. However, according to 451 Research, 80% of cloud spend is managed by the IT department.

More IT leaders are occupying a seat at the table, guiding technology decisions and helping shape strategic direction. At the same time, they must continue to ensure that daily operations run seamlessly.  According to leading technology research and advisory firm, Gartner, “Enterprises must learn to operate in two essential modes, known as bi-modal IT, because they can’t lose sight of the need to maintain operations while they innovate with digital possibilities.” Gartner predicts that by 2017, 75% of IT organizations will have gone bi-modal in some way. For some IT organizations, it could mean operating within two distinct disciplines of technology management. One discipline would focus on meeting operational demands such service level agreements and maximizing ROI. The other would focus on innovation, speed to market and increasing value to the business.

Considering the cloud, but not sure where to start? HOSTING stands ready to help. Contact us today to learn how our cloud experts can help you map out a planned, lifecycle approach to designing and implementing custom cloud solutions for your business-critical needs.

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