Intel says most of the IT budgets will be aimed at Cloud

Cloud adoption is increasing at an exponential rate and so a new report from Intel says that in coming years most of the IT budgets will be aimed in seeking Cloud services. The world renowned technology company predicts that virtually all IT spending (80%) will be on cloud in the next 16 months and that will be due to ever increasing digital activities.

The Intel survey included 1,200 IT executives from eight countries and was conducted by market research firm Vanson Bourne on behalf of Intel. The study also revealed that some countries will hit the 80% mark even faster than the average of 16 months. For instance, Australia is projected to get to that point in just 11 months and US will reach the mark in 14 months time from now.

The only thing which hinders the growth of cloud and related technologies is “Security” factor. Although, three quarters of respondents said they trust the cloud more than they did a year ago, many are worried about SaaS and IaaS oriented data security incidents.

SaaS (Software-as-a-service) is nothing but accessing computing resource over the internet. Infrastructure as a service (IaaS) is accessing infrastructure resources over the internet. For example, data center collocation.

A third kind of cloud computing, platform as a service (PaaS) encompasses environments for development over the internet. Security-as-a-service (SECaaS) is a fourth.

Intel’s survey found that most of its IT respondents (81%) were interested in spending on IaaS and SECaas in coming months. About the same number (79%) were interested in spending on PaaS and SaaS platforms.

Compliance issues were a concern with cloud for most of the IT executives. Furthermore, organizations did indeed store sensitive information in the cloud, with a significant 14 percent being oblivious-means they were not aware of risks.

“When it comes to cloud security and steps to overcome the fear of it, many respondents felt that there is still a need for more education and increased awareness and understanding of risks associated with storing sensitive data in the cloud,” Intel said.

Intel forecast also mentioned a bit on shadow IT. The technology provider feels that employees and departments which build out their own IT systems or use tools without official IT approval should be extra precautious.

Intel, through its brands Intel Security and McAfee, is a cloud security services vendor.

Additionally, Intel Security is a corporate member of The Cloud Security Alliance (CSA), an organization that provides security assurance within cloud computing and provides related educational courses. So, Intel’s forecast can never go wrong…..isn’t it?

Do share your views on the insight provided by Intel through comments section below.

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