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Cloud becoming a larger part of strategy for IT sector

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According to a recent study conducted by CFO Research, 76 percent of respondents believe a strong cloud computing strategy will be a key part of their firm's success in the next year to 18 months.

IT professionals are believed to be one of the main beneficiaries of the migration to a cloud environment. The survey found roughly two-thirds of respondents said the cloud would assist IT pros in innovation and 68 percent believe cloud computing would put them in a position to further increase their role in their business' success.

“Finance executives see the cloud as means of improving IT performance,” said Matt Surka, research editor at CFO Research. “The cloud certainly offers cost savings, but finance executives are most interested in using the cloud to redirect IT resources to high-value activities - not strip resources out of IT.”

The cloud is living up to its potential for costs savings with the survey showing 71 percent of respondents claiming the cloud met or exceeded their cost savings expectations. With the cloud becoming more useful for businesses throughout the United States, firms should protect their cloud with cyberliability insurance.

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