Companies have continued to adopt cloud computing this year with three-quarters (75%) of respondents to a survey confirming that they used some sort of cloud platform.
The research, which was conducted by US treasury technology provider Reval and North Bridge Venture Partners, found that cloud usage was up from 67% last year.
The main drivers for adopting cloud technology are business agility (cited by 54.5% of respondents), scalability (54.3%) and cost (48%). Other important factors included mobility (25%), innovation (22%) and competitive advantage (14%).
Software as a Service is the most popular form of cloud service, used by 63% of organisations, up from 55% last year.
Concerns over security remain the biggest inhibitor to taking up cloud technology, but these are declining year-on-year. They were cited by 46% of respondents in 2013 compared with 55% of respondents in 2012.
Commenting on the results, Michael Skok, general partner, North Bridge Venture Partners, said: “Cloud services are being adopted and used in a ‘boundary-less’ way where users are seamlessly integrating them at home and work across all their devices.”
Sally Percy is editor of The Treasurer