This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

CIOs Are Moving More Organizational Information Into The Cloud Even As Security Concerns Persist, Unisys Research Reveals

Stocks in this article: UIS

BLUE BELL, Pa., March 31, 2014 /PRNewswire/ -- New research from Unisys Corporation (NYSE: UIS) reveals that despite continued concerns about security, CIOs and other senior-level IT leaders are moving an increasing percentage of their organizational information into the cloud and are making growing use of private cloud and software-as-a-service (SaaS) delivery models.

The online survey, conducted throughout 2013 by Unisys and IDG Research, asked CIOs and other IT executives about their current and future IT spending priorities. More than 350 senior IT managers in the U.S., Latin America, Europe and Asia-Pacific responded to the survey. The organizations included both businesses and government agencies.

More than 70 percent of the respondents cited security concerns as their biggest hurdle in deploying cloud-based strategies at their organizations. The respondents also cited concerns about information governance (45 percent of respondents) and the ability to meet enterprise standards (42 percent) as top challenges for cloud deployments.

Despite these hurdles, more than 50 percent of senior-level IT leaders at organizations with more than 1,000 employees indicated that they have at least one application or a portion of their organization's IT infrastructure in the cloud.  These executives also reported that about 26 percent of their enterprise information currently resides in a private cloud environment and that they expect that percentage to grow to about 32 percent in the next 18 months.

More than 50 percent (53 percent) of senior-level IT leaders at 1,000-plus employee organizations said they expect to increase spending on SaaS and cloud-based applications over the next 12 months. Forty-four percent of the respondents said they were actively researching or piloting new cloud or SaaS applications.

The senior IT leaders reported that they are primarily focused on reducing costs and managing their IT infrastructure more efficiently, followed by enabling innovation in their business processes. 

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,678.70 +6.10 0.03%
S&P 500 2,057.09 +5.27 0.26%
NASDAQ 4,771.7630 +13.8840 0.29%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs