Cloud computing allows US businesses to reduce their total IT costs by a significant 26 percent, according to a new study released on Wednesday. In addition, a majority 62 percent of respondents agree cloud computing has helped them boost profits.
“Businesses of all sizes, from the very largest global corporations to startups, say their operations are seeing multiple benefits from cloud computing,” noted Rackspace Chief Technology Officer, John Engates. “Thanks to the cloud, at least half of businesses on both sides of ‘the pond’ are growing with increased profits despite the ongoing economic backdrop. Savings from the cloud have enabled these companies to hire new employees, increase wages and drive innovation.”
The study, conducted by Rackspace Hosting with support from Manchester Business School, a UK and world business school, found an overwhelming 94 percent of businesses in the US using the cloud had saved money.