Cloud computing spending set to explode - EmployeeConnect HRIS
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Cloud computing spending set to explode

The amount businesses spend on cloud computing is set to triple by 2017, a recent study has concluded.

The study conducted by industry leader IHS Technology looked at figures from 2011 cloud revenue and has predicted big gains in the cloud market.

In 2014, spending related to cloud infrastructure and services is set to top US $174.2 billion, up 20 per cent on last years 145.2 billion, IHS said.

Senior director and principal analyst for the cloud and big data at IHS Jagdish Rebello said cloud services are critical to business development today.

“With the cloud touching nearly every consumer and enterprise around the globe, spending for cloud-related storage, servers, applications and content will be dedicated toward building a framework that is rapidly scalable, highly dynamic, available on-demand and requiring minimal management,” he said.

“The robust growth will come as an increasing number of large and small enterprises move more of their applications to the cloud, while also looking at data analytics to drive new insights into consumer behaviour.”

As businesses worldwide race to convert their physical data onto a cloud platform, revenue is projected to reach $235.1 billion by 2017. This would be triple the $78.2 billion spend recorded in 2011.

For recruitment agencies, cloud computing is part of an exciting future. The benefits of the technology can be far reaching with Mr Rebello adding new smartphones and tablets are must-haves for companies looking to have an edge in competitive markets.

This means mobile HR becomes much more important to how a business interacts with both employees and customers.

“The most engaged among spenders will be those seeking to ensure their continued relevance to consumers in the future,” he said.

Businesses looking to add other technology to their portfolios are encouraged to invest in HR management software which can transform your recruitment process and help to manage the everyday running of the department.

Ari Kopoulos

CEO at EmployeeConnect