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More technology CFOs migrate to the Cloud(CPI Financial Via Acquire Media NewsEdge) This year, according to an annual study by BDO, a majority (56 per cent) of chief financial officers (CFOs) at leading US technology businesses are currently using cloud computing in some capacity. Further, the vast majority (90 per cent) report their use of cloud computing will remain the same or increase this year. CFOs cite cost flexibility (32 per cent), increased scalability (32 per cent) and improved business ability (29 per cent) as the driving reasons for embracing cloud computing instead of provisioning IT services from their own data centre. The majority of tech CFOs (64 per cent) are familiar with cloud computing. Still, despite the allure of cost savings, some CFOs (44 per cent) have resisted the shift to the cloud and list security concerns (39 per cent), the hassle and expense (29 per cent) and limited application features (14 per cent) as their reasons. "Security threats remain the top concern for tech CFOs looking to implement cloud computing within their organisation, but this risk is substantially minimised given world-class cloud providers, such as Amazon and Microsoft and the emergence of numerous other vendors now competing in the space," said Jay Howell, a Partner in the Technology Practice at BDO. "Cost savings have proved cloud computing's strong ROI potential, and this is driving continued investment, resulting in increasing robustness and business ability of cloud-based applications." Other major findings of the 2010 Technology Outlook Survey: CFOs Eye Clean Technology. Two-thirds of technology CFOs are interested in clean technology, while 34 per cent say clean tech is not important to their business. Still, nearly half (43 per cent) of CFOs surveyed report that they do produce clean tech products or services and 46 per cent source products or services from clean technology vendors. Interestingly, 54 per cent of multinational companies are likely to produce clean tech products or services versus only 33 percent of US-only companies. Federal Government Makes an Impact. CFOs (41 per cent) report the federal government causes the biggest impact on their level of involvement in clean technology, followed by state (17 per cent) and local (16 per cent) regulations and incentives. The BDO 2010 Technology Outlook Survey is a national telephone survey conducted by Market Measurement, Inc., an independent market research consulting firm, whose executive interviewers spoke directly to chief financial officers. Market Measurement used a telephone survey performed within a scientifically-developed, pure random sample of US technology companies in the software, hardware, telecommunications, internet and information technology services sub-sectors. The companies surveyed had revenues up to $10 billion. (c) 2009 CPI Financial. All rights reserved. Provided by Syndigate.info an Albawaba.com company |