FD Insights Issue 6 | Page 9

T he media industry is awash with stories about the irresistible rise of cloud as a new transforming force within the IT industry. The figures are certainly compelling: Gartner put the value of public cloud services at $131 billion at the end of 2013, rising to an estimated $180 billion by 2015. 60% of server workloads were virtualised last year. 60% of CIOs have indicated that cloud computing is their top priority. One-third of all IT budget spend last year went on cloud. The statistics are seemingly endless, and although one has to wonder about the accuracy, there’s no doubting the general buzz. Cloud is a disruptive technology. It lessens the need for physical infrastructure like servers and related hardware, whilst creating new business opportunities