In one of the most difficult economic situations in 50 years, IT departments around the world are reevaluating their platform strategies and looking for innovative ways to create competitive advantages. IT projects have always been judged by three financial criteria: initial capital expense, ongoing operating costs, and time to value. In 2009, focus on the economy will ensure that IT evaluates these criteria even more rigorously.
IT departments have already seen business expectations increase over the last 10 years as budgets decreased. Doing more with less is not new to CIOs or IT, which have been squeezing efficiencies from existing systems and teams since the last economic downturn. The difference is that, after years of optimizing existing resources, 2009 brings unprecedented financial limitations that demand new solutions.
Cloud computing is transforming the way IT departments build and deploy custom applications during lean times. By offering a fundamentally faster, less risky, and more cost-effective alternative to on-premises application development, cloud computing will forever change the economics of information technology.
The world's premier CIOs are redefining their value to the enterprise by adopting cloud computing to deliver additional business value, despite the financial uncertainties of 2009. For those that have made the shift to cloud-based development and for those that are still on the fence, here are the 5 reasons why thousands of companies are betting that cloud computing is the right technology strategy for 2009 and beyond:
- Delivers Faster Time to Value
- Requires No Up-Front Capital Expense
- Minimizes Operational Costs
- Requires Fewer Technical Resources
- Simplifies Integration