Cloud Computing will enable New Business Models in 3 years
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A recent IBM survey indicates that 90% of companies are adopting cloud computing, with significant growth expected in supply chain management and new business models over the next three years. As businesses realize the potential of the cloud, they are moving beyond initial expectations towards more productive uses. Current trends show a rising reliance on cloud-based applications for data management and analysis, with substantial investments anticipated in this technology.
Cloud Computing will enable New Business Models in 3 years
- 1. Businesses are migrating their core business functions to the cloud in a big way. A survey by IBM estimates that 90% of companies have already embraced the cloud in some form or the other. of companies are in a pilot stage, testing the waters.21% of companies are in the middle of adopting cloud. of companies have already implemented cloud computing in a substantial way. 28% 41% The Rising Popularity of the Cloud The cloud has taken the world by storm and a big reason is the tremendous game-changing potential it entails. Used the right way, the cloud can establish new paradigms that make work easier, faster, simpler and better 01 03 02 32%of companies today use cloud computing to streamline their supply chains. This figure is estimated to touch 56%in the next three years, an increase of 24%. About 44% of enterprises rely on cloud computing to launch new business models today, and this figure is set to increase to 55% in the next three years. The same study estimates that 69% of enterprises expect to make moderate-to-heavy cloud investments over the next three years 59% of companies use cloud-based applications and platforms to manage and analyze data better. A 2014 study by Oxford Economics and SAP estimates that: in New Business Models 3 years Will EnableCloud Computing How Enterprises are Using the Cloud It is now approaching the “Plateau of Productivity,” where businesses realize the actual worth of the cloud and try to leverage it to the hilt. The cloud is moving along Gartner’s Hype Cycle for Emerging Technologies, which maps changing attitudes of users as new technologies mature. The cloud is already past the - “Peak of Inflated Expectations”01 Plateau of Productivity “Trough of Disillusionment”02 Optimizers Disruptors use the cloud to enhance customer value propositions and internal efficiency incrementally use the cloud to Enhance: Improve current products and services use the cloud to Extend: Create new products and services use the cloud to Invent: Create a new “need” and own a new market Innovators who use the cloud to improve customer value, and create new revenue streams who rely on cloud to create radically different value propositions, generate new customer needs and segments. References: http://www.forbes.com/sites/louiscolumbus/2015/06/08/55-of-enterprises-predict-cloud-computing-will-enable-new-business-models-in-three-years/ http://www.oxfordeconomics.com/infographics/clouds-enduring-promise http://www.sap.com/bin/sapcom/en_us/downloadasset.2015-02-feb-25-23.the-cloud-grows-up-oxford-economics-and-sap-pdf.bypassReg.html http://searchcio.techtarget.com/opinion/In-business-model-innovation-cloud-computing-is-imperative https://www.ibm.com/cloud-computing/us/en/assets/power-of-cloud-for-bus-model-innovation.pdf http://dspace.mit.edu/handle/1721.1/59255 http://www.slideshare.net/drummondreed/personal-cloud-webinar-v7 http://yfsmagazine.com/2014/08/23/10-cloud-computing-trends-and-predictions-small-businesses-can-leverage/ https://www.kpmg.com/IN/en/IssuesAndInsights/ThoughtLeadership/The_Cloud_Changing_the_Business_Ecosystem.pdf https://www.ibm.com/cloud-computing/us/en/assets/power-of-cloud-for-bus-model-innovation.pdf suyati.com