March 16, 2011 – Enterprise-level CIOs are putting cloud computing on their data roadmap, but not necessarily in their full financial outlook, according to a new vendor sponsored survey.

Research firm Worldwide Executive Council (WEC) surveyed information officials at large enterprises and found nearly 40 percent are not tracking utilization levels of virtualized and cloud infrastructure. That is one of the financial metrics CIOs and businesses in general must ascertain for the greatest fiscal benefit as their cloud strategies mature, according to analysts in the survey, entitled “IT Survey on Cloud Computing, Virtualization, and IT Financial Services.”

The survey compiled results from interviews with 100 U.S. CIOs and IT officers at corporations across various industries and with at least $50 million in annual revenue. The survey was sponsored by on-demand business management provider Apptio.

Adoption of cloud technology and services has been taken on across the board by enterprises in the study, though most did not have many or extensive financial benchmarks on spending for those endeavors, the survey indicated. For example, about half (48 percent) of CIOs reported the cost of their cloud services as a combined amount within all IT costs, and another 20 percent do not include any specific reporting on cloud expenditures, according to survey figures. In another survey question, only 10 percent of businesses are charging end users based on private cloud consumption.

WEC vice president Keith Muma said in the survey that companies can address gaps in cloud budget oversight in contracts and with metrics along the lines of typical supply chain management. And between the evolution of technology like virtual desktops and the lack of understanding with long-term return on investment in the cloud, enterprises should approach the allocation of their cloud data dedication “like more of a BI challenge,” says Todd Tucker, director marketing at Apptio.

“You now have to take data from either monitoring systems or other resources and marry that with financial data in a way that allows an organization to make the right decisions,” says Todd Tucker, director of marketing for Apptio.

Register or login for access to this item and much more

All Information Management content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access