What CFO's Need to Know about the Cloud

 

Author: Steve Pugh

http://www.mcpressonline.com/application-software/managed-services-saas/what-cfos-need-to-know-about-the-cloud.html

Organizations are steadily increasing their adoption of cloud applications, using both public (multi-tenant) and private clouds. The cloud can offer a variety of compelling advantages over the traditional on-premise computing model, including the following:

  • Access to a growing number of rich applications accessible over the Internet, without the headaches and costs associated with running hardware and maintenance, or having to hire staff with new IT skills
  • Ability to reduce IT costs
  • Capability to focus precious existing IT resources on new, innovative projects instead of maintenance of on-premise systems

Although we have seen some smaller companies adopting 100 percent cloud strategies, midsized and larger companies cannot walk away easily from their investments in on-premise software and hardware. These enterprises will tend to adopt a gradual approach to the cloud, particularly in those organizations where mission-critical systems are working well and are embedded in the company's business.

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