Research ETRM / CTRM in the Cloud | Page 13

CTRM in the Cloud So what are the perceived benefits that the respondents associate with SaaS/cloud deployment? We asked the respondents to rank a number of potential benefits and pitfalls on a scale of 1 to 5 where five represented strong agreement, one strong disagreement and 3 being neutral or average. In general, the respondents ranked all potential benefits of cloud deployment of CTRM higher than average but they particularly believed that lower total cost of ownership is a strong benefit. In fact, the anticipated lower costs of cloud deployment were the most highly ranked Figure 8: Perception of Benefits of SaaS and the Cloud attributes across the Relatively easy to replace if or when necessary board, with lower entry costs and lower demand More secure backup, recovery and cyber security on IT resources, and lower Ease of version upgrade implementation costs filling the top four spots. Faster deployment The lowest ranked benefits Lower implementation costs were that CTRM deployed Lower demand on internal IT resources via the cloud would be easier to replace and Lower entry cost – server and system costs would provide a more Lower Total Cost of Ownership secure backup and recovery and improve 3 3.5 4 4.5 cyber security (Figure 8). In reviewing potential Figure 9: Pitfalls of SaaS and the Cloud pitfalls of SaaS and the cloud, the respondents Less secure backup and recovery were most focused on Loss of agility for competitive advantage integration difficulties and security issues although, Inability to customize when it comes to security, Lack of control the main challenge seems to be about security of Security concerns (access and data) access and data security as Difficulties in integrating with other systems opposed to backup and 3.5 recovery. As with the benefits, all of the potential pitfalls were ranked above average (Figure 9). 3.7 3.9 4.1 4.3 4.5 ____________________________________________________________________________________ Advertisement © Commodity Technology Advisory LLC, 2014, All Rights Reserved. 13