Cloud computing seen as key to business success

Financial decision makers believe that cloud computing will be important to the success of their businesses over the next couple of years

A massive 93% of financial decision makers believe that cloud computing will be important to the success of their businesses over the next couple of years, according to research.

Vanson Bourne questioned 100 senior executives within the finance departments at UK companies for the research, which was commissioned by Google.

It also found that 68% of businesses surveyed had either already implemented cloud services or have plans to.

A total of 66% makers believe the cloud increases the IT department’s contribution to corporate strategy and 69% believe that cloud computing increases the IT department’s ability to innovate.

What are the benefits of the cloud?

  • 44% - reduced IT maintenance costs
  • 47% - reduced IT spend
  • 47% - reduced operational costs
  • 34% - improved process efficiency

The importance of cloud computing to business strategy means the finance departments will get more involved in IT decision making.  The research found that half of the finance executives believe that, as cloud computing becomes a business strategy, the CFO will have more influence over IT decisions.

Of the surveyed executives, 94% believe that cloud computing provides their business with quantifiable benefits, while 64% said cloud computing is more beneficial than traditional outsourcing

“To date, enterprise cloud adoption has been largely driven by the IT function. However, today we see ourselves having more discussions with CFOs, COOs and CEOs and it is not hard to see why. The benefits of cloud computing go far beyond the obvious cost savings on software and reducing the burden of maintenance,” said Thomas Davies, Head of Google Enterprise for the UK and Ireland. “The strategically significant role it can play within an organisation in terms of driving innovation and productivity is making it an increasingly attractive option for businesses that want to remain competitive and agile.”

See six things worth knowing about cloud computing, according to Google.

Read more on Cloud computing software

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