What CFO's Need to Know about the Cloud
Author: Steve Pugh
Organizations are steadily increasing their adoption of cloud applications, using both public (multi-tenant) and private clouds. The cloud can offer a variety of compelling advantages over the traditional on-premise computing model, including the following:
- Access to a growing number of rich applications accessible over the Internet, without the headaches and costs associated with running hardware and maintenance, or having to hire staff with new IT skills
- Ability to reduce IT costs
- Capability to focus precious existing IT resources on new, innovative projects instead of maintenance of on-premise systems
Although we have seen some smaller companies adopting 100 percent cloud strategies, midsized and larger companies cannot walk away easily from their investments in on-premise software and hardware. These enterprises will tend to adopt a gradual approach to the cloud, particularly in those organizations where mission-critical systems are working well and are embedded in the company's business.
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