The cloud is growing up. Highlighting this trend,SAP SE (NYSE: SAP) today announced the results of a global survey conducted with Oxford Economics that showcase the fact that the cloud business model has not only become mainstream – indeed, over two-thirds (69 percent) of businesses surveyed expect to make moderate-to-heavy cloud investments over the next three years – but that companies are increasingly shifting from using the cloud for productivity and efficiency to specific business benefits like innovation in supply chain, talent management, collaboration and analytics.
Of the 200 executives surveyed in late 2014, 99% admitted that cloud computing is part of their company’s business strategy today and 69% expect their company to make moderate-to-heavy cloud investment over the next three years.
Only 18% of respondents said that the security of corporate data in the cloud was a concern. Respondents’ biggest worries are identity theft (48%), security of IP (46%) and security of API and interfaces (44%).