More companies are turning to hybrid cloud solutions to balance the benefits of cloud adoption with cost efficiency, according to a report released last week by IBM.
IBM’s Institute for Business Value (IBV) polled more than 1,000 C-level executives to reveal that 78% of respondents deploy a cloud initiative that is fully integrated or coordinated -- an increase from 34% in 2012.
Enterprises may be embracing the cloud, but they are not yet fully invested in a cloud-only strategy. Across 18 industries, 45% of workloads are expected to remain on-premise in the near future.
A hybrid cloud deployment is a collaboration of public cloud, private cloud and traditional IT platforms that allow enterprises to customize a cloud solution that meets the particular needs of their company. The top motivating factors for adopting hybrid cloud solutions, according to the IBM study, include lowering the total cost of ownership, facilitating innovation, improving efficiency and meeting customer expectations.
Among the companies that embrace cloud computing, 76% responded that they were able to expand into new industries, 71% created new revenue sources and 69% supported new business models.
Security remains a concern, however, and has become a hurdle for companies and a deterrent from fully investing in the cloud. Nearly half of respondents expressed that security and compliance risks are a challenge in IBM’s study, while 41% of respondents expressed that the cost of the cloud was a deterrent and 38% feared a disruption to company operations by introducing a new cloud solution.
When survey respondents are segmented by performance, IBM concludes that twice as many high performers have fully integrated their cloud initiatives compared to low performers.