This is due to the fact that the technology has advanced, with starting costs and other barriers to entry for private cloud lowered, making it more widely accessible to those without larger budgets.
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Cloud adoption is reaching 100 percent which means nearly all companies are using cloud, not that all organisations are using cloud for everything, according to Verizon Enterprise Solutions’ 2016 State of the Market: Enterprise Cloud report.
The number of enterprises that are not adopting cloud computing are a small minority, according to Verizon Enterprise Solutions’ 2016 State of the Market: Enterprise Cloud report.
The contents of the Verizon report is based on anonymised customer usage data, as well as analyst reports from Forrester and Gartner. The complete report is available as a free download from Verizon’s website.
The report also showed 88 percent enterprises believe cloud improved responsiveness to business needs and 65 percent are of the view that cloud improved overall operations.
About 27 percent of Verizon customers are using private cloud and 24 percent are using public cloud. This could be the start to a cloud first shift for the majority of businesses worldwide.
Having proved the concept of cloud computing, cloud phobia has disappeared, according to Verizon, as 87% of businesses think the cloud at least matches on-premise computing and 80% say they feel as secure or more secure than they do with an internally run IT service.
A further fifth are in the process of doing so, according to the report. That was a change from last year’s view that it is being used for mission-critical workloads.
Instead, it claimed the hybrid cloud model has already achieve this status in the enterprise, citing data of its own that suggested 50% of firms already use hybrid cloud or have the ability to shift workloads between different clouds.
However, a quarter of respondents reported that they haven’t been able to use the cloud to adapt business model – though they see potential – and 19% told researchers that the cloud has not helped them to adapt at all.
More than three-quarters (77%) of respondents report that cloud technology gives their businesses competitive advantage, compared with 74% who reported the same the results in the 2014 report.
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The document also reveals that cloud is more than just about efficiency and agility, as it is supporting business transformation. A report released earlier this year by the Harvard Business Review Analytics Services found that the competitive advantage of moving to the cloud has now eroded.
