IT Spending On Cloud Ratcheting Up

Monday Apr 5th 2010 by Staff

A new survey shows that 80 percent of enterprises plan to spend 7 percent or more of their budget on cloud computing within three years.

InformationWeek: A new survey from the Sand Hill Group shows that while companies don't spend a lot of money on cloud computing now, that will probably change within three years.

Currently, a majority (68 percent) of companies said that they spend 0-3% of their IT budgets on cloud. However, within three years, 16 percent expect to spend 30 percent or more of the IT budget on cloud computing. In addition, 8 percent will spend 21-30 percent, 22 percent will spend 11-20 percent, and 24 percent will spend 7-10 percent of the budget.

IBM's VP of Cloud Services Ric Telford agreed that the cloud will come on strong in the next few years, saying, "In five years, I would say we won't even be using the term 'cloud.' It will just be the norm. It will be the way we do IT."

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