Research conducted by Tata Communications predicts that by 2024 off-premises storage will have overtaken on-premises alternatives, with enterprises forecast on average to have 58% of their compute and data storage held in the cloud in ten years’ time compared with 28% currently.
When asked how much of their IT provision would be stored in private cloud specifically by 2024, respondents predicted an average of 52% - highlighting the dominance of private cloud storage. However, 94% of respondents say they would be more likely to adopt a hybrid cloud computing model if connections with the public cloud were more predictable.
Furthermore, the research suggests that enterprises are realising competitive advantages from cloud deployments. Nearly two thirds (65%) of respondents said using the cloud had led to increased speed of access to technology. In terms of streamlining business processes, over two thirds (67%) have experienced reduced delivery times to clients and partners. 54% have seen the delivery time of new services to new markets and / or geographies reduced.
The businesses were also asked if they were seeing tangible benefits from cloud computing, and the majority (85%) say cloud had lived up to industry hype, with 23% declaring that cloud had exceeded their expectations.
According to the global survey, this groundswell of positive opinion has been contributed to by enterprises experiencing tangible benefits when using cloud services – with 83% of enterprises feeling they have experienced benefits they did not expect to see. The most popular of these benefits cited by respondents were: increased productivity (69%), better access to data (65%), and reductions in costs (63%).
Julie Woods-Moss, CMO and CEO of NextGen Business at Tata Communications, says cloud is now a “strategic investment and a competitive differentiator. “ However he warned that as cloud becomes critical to businesses the network they use becomes “critical” and fundamental to “creating a simple way for companies to adopt the cloud model most suited to business requirements – be that private, public or hybrid.”
To see more on the research see the Tata cloud website or watch the video below.
