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IBM Survey Predicts Large-Scale Move To Cloud Computing Within Five Years

A new survey has revealed that companies are rapidly adopting cloud computing technology, and the market is poised to take off in a big way.

According to an IBM survey of 3,000 chief information officers in 71 countries across 18 industries, around 60 percent reported that they plan to deploy cloud computing services within the next five years, IT Pro reveals.

IBM reported that this figure has nearly doubled since last year, indicating that organisations are realising the potential of the cloud.

The survey also found that companies were using cloud computing not only for internal operations, but also for collaborating with partners and suppliers.

The media and entertainment industry was most eager to move to the cloud, with 73 percent of media CIOs planning to deploy cloud computing services. Around 70 percent of CIOs in the automobile industry also planned to adopt the cloud while 69 percent of telecom CIOs said the same.

“The winners will be those companies that understand the power of technologies like cloud, analytics and mobility, and can harness that power to transform their businesses,” said Jeanette Horan, vice president and CIO at IBM.