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Piston Joins North Bridge Venture Partners, Gigaom Research, and Industry Collaborators to Unveil Results of the 2014 Future of Cloud Computing Survey(Marketwire Via Acquire Media NewsEdge) SAN FRANCISCO, CA -- (Marketwired) -- 06/19/14 -- Piston Cloud Computing, Inc., the enterprise OpenStack® company, today announced its role as a collaborator in releasing the results of the fourth annual Future of Cloud Computing Survey, conducted by North Bridge Venture Partners, Gigaom Research, and supported by more than 70 other collaborating organizations. This year's survey is the largest to date, and is the industry's deepest and broadest examination of the cloud technology revolution. It analyzed the inhibitors and drivers behind cloud adoption, separating the hype surrounding the cloud from genuine industry trends and real world cases across a sample of 1,358 respondents. See the complete findings slideshow here: 2014 Future of Cloud Computing survey, along with analysis and commentary on the results here: http://mjskok.com/resource/2014-future-cloud-computing-4th-annual-survey-results. "With four years of data, we're now really beginning to see some interesting trends, such as the five-fold increase in SaaS adoption to 74% and the nearly six-fold increase in PaaS adoption to 41%," said Michael Skok, founder of the Future of Cloud program and General Partner, North Bridge Venture Partners. Select Highlights from the Survey Data 49% of respondents in this year's survey are using cloud to fuel revenue generation or new product creation. 56% of businesses are using Infrastructure-as-a-Service (IaaS) technologies to harness elastic computing resources. 41% of businesses are using Platform-as-a-Service (PaaS) technologies to prototype and develop new applications. Two thirds of respondents believe their data will come to reside in some form of cloud over the next two years as bigger data needs consolidation and collaboration & creation go online. Interoperability saw a significant decrease from 27% last year to 17% in 2014 with greater attention being paid to issues like data portability. Fear of vendor lock-in was still 29%, which has increased interest and adoption in open source cloud projects like OpenStack. "In the majority of situations, agility, reduction in capital expenditures, and reduced operating expenditures were the primary drivers of cloud adoption," said Jim Morrisroe, CEO of Piston. "We also expect to see an increase in cloud adoption as a result of the recent explosion in big data analytics, next-gen web application development, and line of business innovation." Transition To Cloud - The First Cloud Front"This wave of cloud computing that's revenue and new business driven is good news for long-suffering IT execs," said David Card, Vice President of Gigaom Research. "If they can offload tedious but necessary cost-center functions, and refocus resources on cloud-driven new business, they might be able to retake their seat at the C-table." "Even though it's largely just a transition of existing apps, the first cloud front has rolled in confidently each year as existing applications transition to the cloud and are adopted as SaaS solutions. Cloud is now integral to business with 45% of executives saying they currently or plan to run their business in the cloud," said Michael Skok, General Partner at North Bridge Venture partners. Transformation In The Cloud - The Second Cloud Front"With over 11,000 Cloud Services / APIs, and developer adoption of IaaS at 56% and PaaS at 46% respectively we are going to begin seeing the birth of new, re-imagined, cloud-native applications," said Skok. "These applications, which are only possible in the cloud, will result in an order of magnitude greater value creation than the first cloud front. This second cloud front will be transformative." For more about this second cloud front please visit the "2014 Future of Cloud Computing" results page. Data Wants To Be Bigger In The Cloud"If you get your head out of the sand and into the clouds you'll see the explosion of cloud-created data. It's not just big data it's exhaustive data, as everything from clickstreams to commerce and personal cloud lockers create exabytes of data. According to Cisco, personal, cloud-carried data alone is estimated to grow from 1.7 exabytes in 2012 to 20 exabytes by 2017," said Skok. 2014 Future of Cloud Computing Survey Collaborators 1. 451 Research 26. Dyn 51. Reval 2. Acquia 27. Endurance International 52. Rift-IO 3. Actifio 28. Engine Yard 53. RightScale 4. Akamai 29. Egenera 54. Salsify 5. Apperian 30. Equinix 55. Saucelabs 6. Amazon Web Services 31. Eucalyptus 56. Scribe 7. Backupify 32. 451 Research 57. Signiant 8. Black Duck 33. Gravitant 58. Silver Sky 9. Brightcove 34. Imprivata 59. SnapLogic 10. Bromium 35. Intel 60. 6fusion 11. BTI 36. Internap 61. Sharethrough 12. Canonical 37. Intuit 62. SpringCM 13. Carbonite 38. Jamcracker 63. Stratus 14. Chef 39. MassTLC 64. SumoLogic 15. Cirro 40. Microsoft 65. SurveyMonkey 16. Cisco 41. Mimecast 66. THINKStrategies 17. Citrix 42. Nasuni 67. TradeGecko 18. Cloud Elements 43. Newforma 68. Unidesk 19. CloudBees 44. Open-Xchange 69. VDX 20. CoreDial 45. Pax8 70. Verizon 21. CloudHealth Technologies 46. Piston Cloud Computing 71. Virtustream 22. CloudNow 47. Plexxi 72. WPEngine 23. CloudVolumes 48. Rackspace 24. Couchbase 49. Ramp 25. Demandware 50. Red Hat Supporting Links View presentation: 2014 Future of Cloud Computing Survey Presentation [http://www.slideshare.net/mjskok/2014-future-of-cloud-computing-4th-annual-survey-results] [http://mjskok.com/resources/cloud-computing] Join the conversation: Future of Cloud on Twitter using the hashtag #futurecloud and/or @North_Bridge and @futureofcloud.Additional Resources Piston website Piston blog Piston on Twitter Piston customer case studies Piston OpenStack™ About North BridgeNorth Bridge Venture Partners and North Bridge Growth Equity are active partners with entrepreneurs providing seed-to-growth financing for innovative companies looking to disrupt big markets. With $3.5 billion in capital currently under management, North Bridge partners, many founders themselves, work with entrepreneurs to apply their expertise in the creation, operation and scaling of market-leaders. The firm has funded more than 170 companies creating many billions in market value. Among those firms are Acquia, Actifio, Cool Planet, Couchbase, Demandware, Mavenir Systems, Paydiant, Proto Labs, Reval and Starent Networks. The firm has offices in Waltham, MA and Palo Alto, CA. To learn more about North Bridge go to http://www.northbridge.com. For more information on the Future of Cloud Computing program, visit: http://mjskok.com/resources/cloud-computing. Follow us at @North_Bridge. About Piston Cloud Computing, Inc.Piston Cloud Computing, Inc. is the enterprise OpenStack® company. Founded in 2011 by OpenStack founders from NASA and Rackspace®, Piston makes software that uses advanced systems intelligence to orchestrate an entire private cloud environment using commodity hardware. Piston is an OpenStack Foundation Gold Member, based in San Francisco, and funded by True Ventures, Hummer Winblad, Swisscom Ventures, Cisco Systems, Inc., Data Collective, and Divergent Ventures. Visit Piston online at www.pistoncloud.com. Media Contacts North Bridge: Eric Jones 917.488.4214 [email protected] Piston: Kelly Indrieri 415.971.3181 [email protected] Source: Piston Cloud Computing, Inc. |