Everywhere you look, you’ll find analysts’ forecasts for the future of cloud computing that are overwhelmingly positive. Organizations are clearly responding to those forecasts. “Global business spending for infrastructure and services related to the cloud will reach an estimated $174.2 billion this year, up a hefty 20 percent from $145.2 billion in 2013.”
A 2013 Gartner-FEI Study reports that 21% of organizations plan to move their core financial applications to a SaaS (Software as a Service) model within two years. Another online survey of Gartner clients found that a total of 47% of organizations plan to move their core ERP systems to the cloud within five years.