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There's no doubt that the cloud has gone from being considered the "cool kid in class" with questionable substance to a fully recognized, credible technology solution for businesses. Here are some stats and facts to show it.
Savings and Productivity Benefits of the Cloud:
- Cloud Computing is up to 40 times more cost effective for an SMB, compared to running its own IT system.1
- 70% of businesses report that they've been able to reinvest funds back into their business as a result of moving to the cloud.2
- 59% of SMBs using cloud services report significant productivity benefits.3
- The US Federal Government saved $5.5 Billion per year by shifting to Cloud Services.4
The Cloud and Security/Privacy:
- In 2016, 77% of companies plan to increase cloud security expenditures for mobile and cloud-based services.5
- 94% of SMBs have experienced security benefits in the cloud that they didn’t have with their on-premises service6
- 62% of respondents of a Microsoft survey said their levels of privacy protection increased as a result of moving to the cloud.7
The Cloud Benefits for SMBs:
- Recovery times for SMB are four times faster for businesses using cloud computing when compared to those not utilizing cloud services.8
- For SMB, energy use and carbon emissions could be cut by 90% by using cloud computing, saving the environment and energy costs.9
- 70% of SMBs reinvested cloud savings in areas that benefit and grow their businesses such as product development and innovation and marketing.10
Cloud Market Predictions and Stats:
- 90% of Microsoft’s Research & Development budget will be used to improve cloud technology and security services in 2016.11
- By 2018, at least 30% of service-centric companies will move the majority of their ERP applications to the cloud.12
- Experts predict that 40 zettabytes, or 40,000,000,000,000,000,000,000 bytes of data will be held in the cloud by 2020.13
- It's predicted that 78% of U.S. small businesses will have fully adopted cloud computing by 2020.14
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The History of Cloud Computing