More organizations investing in cloud computing services

October 16, 2012

As researchers release new reports about the cloud's benefits and improved data protection, more businesses are rapidly adopting cloud services into their infrastructures.

An alternative to onsite servers, the cloud offers employees unlimited storage on a pay-for-space basis, lower costs and improved productivity. As technology advances, some are also beginning to use cloud services for their businesses' financial systems.

According to a recent survey of 350 CFOs, more companies are agreeing to conduct accounts payable, accounts receivable and cash flow tasks in the cloud because of its resource-saving benefits. About 65 percent of respondents said that saving money and time are important factors that may lead them to invest in a cloud service. CFOs agreed that the cloud can reduce operational costs by up to 70 percent and the workload by 50 percent, making it the perfect solution for employers.

There has also been a surge in consumer cloud use, according to a separate survey conducted by the IHS iSuppli Mobile and Wireless Communications Service. In the first half of 2012, personal subscriptions to online storage services reached 75 percent of the target sum for the whole year, reaffirming the rapid popularity of these services.

A recent study by Forrester Research showed that network demands are growing. Forty-four percent of 150 polled IT professionals have increased cloud service use, 53 percent are using more data for analysis and 47 percent said more employees work from their smartphones or tablets. As more managers rely on the cloud to run a business, IT departments must ensure that networks perform at their best, and should consider upgrading hardware or building their own networks.

-McAfee Cloud Security