Unlike the Internet of Things, the cloud is proving to be a technology worthy of all the hype.
According to fresh research from Sage, an overwhelming 87 per cent of mid-market businesses (comprising between 100 and 499 members of staff) are now making use of cloud technology. Of these, 80 per cent say they made the switch over to cloud computing within the last two years.
What's more, 20 per cent of those involved in the report say that they have saved 50 per cent as a result of using the technology instead of on-premise solutions. The other 80 per cent claim to have saved in excess of 25 per cent.
However, the study also found that the outlook is very different when it comes to enterprise resource planning (ERP). Only one fifth of participants say that they make use of cloud-based ERP solutions, but this looks likely to change in the near future, with 60 per cent of those who don't have cloud-based ERP saying they are keen to adopt it.
According to the 670 IT decision makers involved in the research, cost reductions (50 per cent), efficiency (40 per cent), gaining a strategic advantage (32 per cent) and growth (31 per cent) are the biggest drivers behind the move to cloud-based ERP solutions.
Unsurprisingly, the biggest drawbacks are security (57 per cent), "internal barriers" such as a lack of understanding (23 per cent) and price (20 per cent).
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"We're clearly at a point of inflection for ERP and businesses are telling us that it's the right time to move to the cloud," said Christophe Letellier, the CEO of Sage mid-market Europe. "Two years ago, businesses were wary of cloud. But as more have embraced cloud for a range of services, the benefits are clear - choice, scalability and flexibility.