Accelerator: Cloud-Based Services

Utilization of Internet-based services for on-demand storage, collection, management and analysis of data, and the conduct of business transactions

Cloud-Based Services

Accelerator > Network Applications

As organizations accelerate cloud adoption, expect increased competition among service providers through price cuts, feature enhancements and consolidation

Definition
  • Utilization of Internet-based services for on-demand storage, collection, management and analysis of data, and conduct of business transactions

Outlook
  • Reached high levels of enterprise cloud adoption
  • Intensified competition in enterprise cloud services market, driving price cuts and enhancements
  • Continued industry consolidation as large players acquire smaller companies
  • Increased focus on advanced security as critical information are stored in cloud
  • Sustained proliferation of highly-functional mobile applications, particularly in enterprise market, as employees become more dependent on mobile devices

Implications
  • Reducing need for ownership of physical IT infrastructures, shifting emphasis from expenditures to expense management, and often providing greater functionality than internal systems
  • Enabling digitization of incumbent products and services by software-as-a-service models
  • Heightening cybersecurity risks to corporate and customer data

How can you leverage cloud-based services to create software-as-a-service offerings, improve productivity, and optimize infrastructure expenditures and expenses?