Wednesday, October 19, 2011 4:58:19 PM
While many organizations have adopted cloud computing services to streamline their operations, cut IT costs and improve overall efficiency, other businesses are using the technology for alternative reasons. Forbes recently published an article explaining that a new study found that cloud computing makes business innovation less costly and relatively easy.
One example could be NASA's Jet Propulsion Laboratory using the cloud to cut costs for innovations. Last year, the JPL explained that a task of downloading, processing and creating a mosaic of 180,000 images of Saturn took more than two weeks to complete without the cloud. With the cloud, the project cost $200 and took around five hours to complete.
Because of the flexibility the cloud offers to businesses, many are experiencing an ease of transition to new technology, while costs of operational business changes have been reduced by the technology, Forbes reported. The study, conducted by the London School of Economic and Accenture, surveyed more than 1,000 executives, as well as 35 vendors, and found many respondents are using the technology to innovate.
According to the International Data Corporation, the cloud industry is expected to grow from a 600,000 unit, $.38 billion market in 2010 to more than 1.3 million units and $6.4 billion in 2014.
-McAfee Cloud Security