Cloud Computing: Cutting Costs, Boosting Profits

Move to the cloud, save some cash. So says a pair of recent surveys from CDW and Rackspace.
Companies that move IT capabilities to the cloud are saving money and growing profits, which are then put back into the business to increase headcount, boost wages and drive innovation, according to an article on CIO.com.
Many companies are making the jump to the cloud, at least for select capabilities. A recent study by CDW of 1,242 IT professionals found that more than half of organizations are moving a variety of capabilities to the cloud. And a majority of them are recognizing cost savings and increased profits, according to another study by Rackspace, the open cloud company.
“The findings were pretty telling in terms of the adoption of cloud computing and the benefits of cloud computing,” said John Engates, CTO of Rackspace Hosting. “The bottom line is cloud saves companies money and increases their profits.”

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