The cloud has grown in popularity, bringing in freedom from hardware constraints

Says Parveen Kumar Sharma, CTO & Consultant – IT, The Institute of Chartered Accountants of India, 

“Businesses in most of the organisations are currently undergoing some kind of digital transformation as they focus on improving the delivery and scope of their latest products and services. As a result, the role of CIOs is changing fast.”

With more and more organizations now entrusting their IT resources and processing to the cloud, the cloud trend is likely to grow in the coming years. To illustrate, Gartner predicts that cloud datacenters will process 92 percent of workloads by 2020. Cloud workloads are expected to increase 3.2 times in that same span of time, Cisco forecasts.

“The cloud has grown in popularity in recent years. Bringing freedom from hardware constraints, to agility and always-current functionality, it’s hard to deny its benefits. Besides accessibility, there are a number of other things that need to be considered when deciding. Software ownership, cost of ownership, software updates and additional services, such as support and implementation,” says Parveen.