Foundry study shows that data privacy and security are top challenges to implementing a cloud strategy
Tech media company Foundry (formerly IDG) released the results of its ninth Cloud Computing Survey and found that IT decision makers (ITDMs) face several challenges when implementing a cloud strategy. These include cost control, data privacy and the cost of security.
According to the survey, budgets for cloud computing continue to rise, with businesses spending $78 million in the next 12 months, up from $73 million in 2020. Additionally, 69% of organizations have increased spending on cloud migration. the cloud in the last 12 months, while In the next 18 months, 63% of companies will have most or all of their IT infrastructure in the cloud, up from 41% today.
Cloud Adoption Challenges
The study found that cloud adoption had a positive impact on revenue, with 60% of ITDMs reporting that their organization experienced sustainable growth in the last 12 months, with 64% for enterprises and 58% for ITDMs. small and medium businesses. Companies will allocate nearly a third of their total IT budgets to cloud computing.
The top three challenges reported by ITDMs are cloud cost control, data privacy and security, and lack of security skills. They reported that security expertise, better cloud management, and cost management capabilities are the elements they need most from their cloud providers. Survey respondents also noted the cost of moving data to and between clouds as another major challenge.
Security management was another important issue. More than a third (35%) of ITDMs reported concerns about data privacy and security, while another third (34%) mentioned that their organization lacked the skills and experience to keep data secure in the cloud . A quarter (25%) cited security and protection of cloud resources as a pain point.
“Although enterprise businesses are leading the charge, SMBs are not far behind when it comes to cloud migration,” said Stacey Raap, manager of marketing and research at Foundry. “As more organizations move toward being entirely in the cloud, IT teams will need the right talent and resources to manage their cloud infrastructure and overcome the security and privacy hurdles that come with being in the cloud.”
The study revealed other challenges, including a lack of cloud management skills and difficulty finding staff with these skills.
Address cloud migration concerns
Another conclusion of the study is that 44% of companies that depend on more than one cloud provider do not consider one of them as a strategic partner, while 40% do. Organizations with budgets of more than $10 million are more likely to call a vendor a strategic partner. High-tech and retail companies are more likely to say they have a strategic partnership with a cloud provider than healthcare and service organizations.
In general, ITDMs report that their top needs from cloud providers include security expertise, better cloud and cost management capabilities, and strategic guidance. Financial services companies want more powerful governance tools to help them comply with industry regulations, while educational organizations want training and support services. Safety is a priority across the board, reflecting Foundry’s results 2022 State of the CIO Study.
The cloud computing study states: “Given that most ITDMs have already moved or are in the process of moving a significant portion of their IT infrastructure to the cloud, it makes sense that what they want most from providers is ongoing help managing your cloud. infrastructure as a coherent, cohesive and affordable whole”.
Cloud budgets will continue to rise, with the main growth areas for 2022 being SaaS, PaaS, SECaaS, IaaS, and cloud analytics. Decision makers want help implementing their company’s cloud strategy. Therefore, technology marketers must keep these needs in mind and keep up with industry trends.
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It’s also important to consider the goals behind an organization’s cloud investments. While disaster recovery and business continuity are the main reasons companies turn to cloud computing, privacy and data security are the biggest obstacles to developing a cloud strategy. Taking into account reported challenges in cost control, capabilities and security skills, vendors must offer solutions that meet the needs of current and potential customers.
Companies can mitigate the costs associated with migrating to the cloud through careful planning. A solid change management plan will allow the organization to manage the project effectively and minimize disruption to the business. An incremental migration is a way for the company to manage its investment. A batch migration system allows you to split the project into smaller parts, allowing more flexibility.
Foundry conducted its 2022 Cloud Computing Survey in February 2022. It is based on responses from 850 ITDMs involved in the cloud computing purchasing process for businesses that have or are planning at least one application or part of their infrastructure on the cloud.