69 percent of businesses expect to make moderate-to-heavy cloud investments over the next three years, said a survey by SAP in association with Oxford Economics.
They plan to increase their migration of core business functions to the cloud. Nearly all respondents say that innovation, R&D and supply chain will be somewhat or mostly cloud-based in years.
99 percent say cloud computing is part of their company’s business strategy, according to the Oxford Economics survey that was done in late 2014. The cloud survey covered 200 executives from 11 countries, including the United States, Brazil, Germany and China.
Respondents comprise C-level executives, business-unit heads, and IT and operations executives representing banking/capital markets, retail, consumer products and telecommunications industries.
Don Whittington, CIO of ASR Group, who participated in an interview about the company’s use of cloud computing, said: “It is one that lets us eliminate rote work – such as matching orders and balancing books – and enable employees to become more analytical. They can use their time to look for ways to better the business.”
33 percent of respondents said the adoption of cloud computing has had a transformative impact on their business performance.
59 percent use the cloud to better manage and analyze data – a 10-percentage-point increase over 2012.
“Early cloud adopters are now seeing strong returns on their initial investments, and they can feel satisfied that their strategy of embracing the cloud is now proving to be extremely beneficial to their business,” said Rob Glickman, vice president, SAP Cloud and Line of Business Marketing.