Firms fear losing out if not in the cloud

Cloud News Singapore

In a further indication of the growing clout of cloud computing, a new study among chief financial officers shows a real fear that their companies will not be able to compete in the marketplace if they don’t make the transition, and soon.Research carried out by French IT services firm Atos reveals that three quarters of CFOs questioned were concerned that their firms would be negatively impacted – as in losing out on revenue-generating opportunities – if they didn’t have top-level cloud-computing services.

For those that do move to the cloud, CFOs project their companies will gain an additional €123 million in the coming year as they take advantage of a wide range of services and scale back their own costs, according to the study.

So why haven’t these companies made the switch to cloud computing, and are instead relying on their own IT systems? For some, there may be a…

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