Could Cloud Computing Aid Economic Growth?

July 25, 2010
By

From CIOL.

“ST. LOUIS, USA: The flexibility of cloud computing could help organizations recover from the current global economic downturn, according to 68 percent of IT and businesses decision makers who participated in an annual study commissioned by Savvis, Inc., a global leader in cloud infrastructure and hosted IT solutions for enterprises.

Vanson Bourne, an international research firm, surveyed more than 600 IT and business decision makers across the United States, United Kingdom and Singapore, revealing an underlying pressure to do more with less budget (the biggest issue facing organizations, cited by 54 percent of respondents) and demand for lower cost, more flexible IT provisioning.

The study, in its second year, reveals that IT decision makers are confident in cloud computing’s ability to deliver budget savings. Commercial and public sector respondents predict cloud use will decrease IT budgets by an average of 15 percent, with some respondents expecting savings of more than 40 percent.”

The rest of this article may be found here.

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