Cloud Computing 5x Increase Since 2011

 A new report shows a dramatic shift towards the use of the cloud by major businesses over the last three years. The study was jointly prepared by North Bridge Venture Partners and GigaOm Research. Businesses are adopting all types of cloud services, for applications, infrastructure, and platform. Forty-five percent of businesses say that they are already or plan to be running their businesses from the cloud, and two-thirds think that bigger data and the need to provide better collaboration tools will increase the amount of data that they store in the cloud.
The GigaOm report compares the levels of cloud adoption as they were in 2011 to current levels. In 2011, only 13 percent of organizations were using cloud-based applications; that has now jumped to 72 percent. Cloud-based compute and storage, or IaaS, was at 11 percent in 2011 and now has grown to 56 percent. Similarly, use of the cloud as a platform for development tools and middleware, or PaaS, has grown from a level of 7 percent in 2011 to 21 percent in 2014.
David Card, analyst at GigaOm Research, wrote that “leading-edge companies are migrating front-office business functions like sales and marketing rapidly. Organizations of all types are moving business analytics and back office functions to the cloud, though manufacturing, logistics, and supply chain might take a little longer.”
Michael Skok, general partner with North Bridge Venture Partners, said that ”if you get your head out of the sand and into the clouds you’ll see the explosion of cloud-created data. It’s not just big data, it’s exhaustive data as everything from clickstreams to commerce and personal cloud lockers create exabytes of data. According to Cisco, personal, cloud-carried data alone is estimated to grow from 1.7 exabytes in 2012 to 20 exabytes by 2017.”
Skok went on to say that “with over 11,000 cloud services and APIs, and developer adoption of IaaS at 56 percent and PaaS at 46 percent, we are going to begin seeing the birth of new, re-imagined, cloud-native applications. These applications, which are only possible in the cloud, will result in an order of magnitude greater value creation than the first cloud front. This second cloud front will be transformative.”

This article excerpt originally appeared here: http://bit.ly/1B0ZS5O