CTOs believe they have Board support for cloud investments

According to research released from Cobweb Solutions, a UK-based cloud services provider, 72 per cent of company CTOs believe that their CEOs supported investment in cloud technology. Only eight per cent reported that they were not interested at all.

In addition, 61 per cent of CTOs reported that their organisation had invested in cloud technology during 2011, with eight per cent admitting that they had cut back their investment.

 

Julian Dyer, CTO of Cobweb, said that organisations were on the lookout for flexible, scalable and efficient technology, and that cloud computing is now seen as the solution:

 

“These results are testament to the fact that C-level professionals, in the main, are now aware that significant amounts of time and money can be saved by adopting cloud technology.”

 

The research also showed that whilst 14 per cent of CTOs planned to make a significant investment in cloud technology, 45 per cent reported their company did not have the infrastructure in place to make the change. What’s more, 43 per cent of CTOs thought that there was a lack of understanding in the benefits of cloud technology from their customers and users.

 

Security remains a key concern, with a 76 per cent of those surveyed reporting their fear that security breaches would occur, due to cloud computing being used for business and consumer activity. As Dyer explains:

 

“Much still needs to be done to demystify the meaning of cloud technology. It is vitally important that cloud service providers are transparent. But, what is encouraging is the fact that the business community is quickly realising that much of the fear around cloud technology is unfounded and is very much based on trust and user perception.”