Cost of cloud computing higher than expected: KPMG

Typically, businesses resort to cloud-based computing in order to make it easier for them to break into new markets and to achieve a more efficient business process.

However, a survey conducted by professional services firm KPMG International said that one third of 650 organizations polled report that the cost of moving to the cloud was higher than they initially expected.

Expenses ballooned, respondents said, because the required changes to their IT architectures and existing businesses were more widespread that they had prepared for.

At least one quarter of the companies in the survey also labeled as “extensive” the security-related issues they encountered during their cloud implementation. Although these challenges necessitated that business executives and IT departments work more closely together to develop a cloud strategy, in most cases respondents said they did not hinder cloud adoption.

RELATED CONTENT

What is cloud computing?
How to make sure cloud computing is the right strategic fit
The state of cloud computing in Canada

Problems confronted by the organizations include inability to inability to meet changes required in IT management capabilities, business process, IT configuration, system integration and infrastructure.

Many also blamed confusion and vendor hype for misconceptions about cloud services, what they can deliver and what they entail, KPMG said.

Read the whole story here

 

 

 

Would you recommend this article?

Share

Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.


Jim Love, Chief Content Officer, IT World Canada

Featured Download

Featured Articles

Cybersecurity in 2024: Priorities and challenges for Canadian organizations 

By Derek Manky As predictions for 2024 point to the continued expansion...

Survey shows generative AI is a top priority for Canadian corporate leaders.

Leaders are devoting significant budget to generative AI for 2024 Canadian corporate...

Related Tech News

Tech Jobs

Our experienced team of journalists and bloggers bring you engaging in-depth interviews, videos and content targeted to IT professionals and line-of-business executives.

Tech Companies Hiring Right Now