Cloud Barriers Cause Competitive Disadvantages

Cloud Barriers Cause Competitive Disadvantages

Stumbling BlockStumbling Block

90% of the execs said cloud-based applications and infrastructure are needed to deliver digital information, but two-thirds admit that a lack of cloud investment is holding back digital initiatives.

Weakening PositionWeakening Position

70% of the survey respondents fear that their business will become uncompetitive, and 76% of them said that could happen as early as the end of 2015.

Slow BurnSlow Burn

44% of CIOs and CFOs in companies losing revenue opportunities due to a lack of cloud investment said it’s because of the IT department’s inability to develop applications quickly.

Delayed ReactionDelayed Reaction

41% of those CIOs and CFOs said they can’t on-board customers quickly enough due to poor responsiveness of internal IT tools.

Concerns Delaying Cloud AdoptionConcerns Delaying Cloud Adoption

Security: 50%, Data protection: 44%, Intellectual property protection: 24%, Vendor lock-in: 23%

Risk of Outdated IT: Low ProductivityRisk of Outdated IT: Low Productivity

38% of CIOs and CFOs said that a failure to modernize IT effectively over the next 12 months will result in reduced staff productivity.

Risk of Outdated IT: Vulnerable StateRisk of Outdated IT: Vulnerable State

35% of the executives said antiquated technology will invite a risk of data theft.

Risk of Outdated IT: Postponed ProductRisk of Outdated IT: Postponed Product

34% of them predicted that such a failure would increase time to market.

Risk of Outdated IT: Support SnagRisk of Outdated IT: Support Snag

33% said it will hurt their company’s ability to service customers in new ways.

Dennis McCafferty
Dennis McCafferty
Dennis McCafferty is a contributor to CIO Insight. He covers topics such as IT leadership, IT strategy, collaboration, and IT for businesses.

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