IT budgets focus on cloud, but it has to be more secure, report says


Dean Takahashi

April 14, 2016

About 77 percent of information technology professionals trust the cloud more than they did a year ago, but only 34 percent of them believe that executives understand the security risks of the cloud, according to a survey by Intel’s security division.

That’s the result of the Intel Security survey of more than 1,200 IT decision makers. The report says that the majority of IT budgets will focus on the cloud, but there needs to be education about how to make the cloud more secure. Only 13 percent of those surveyed said they completely trust public cloud providers to secure sensitive data. That makes sense in our age of major data breaches.

About 23 percent of enterprises said they experienced data loss or breaches with their cloud service providers. The survey focused on IT professionals from Austrlia, Brazil, Canada, France, Germany, Spain, the United Kingdom, and the United States. About 72 percent of those surveyed point to compliance as the biggest concern with cloud adoption.

“This is a new era for cloud providers,” said Raj Samani, chief technology officer, Intel Security in Europe, in a statement. “We are at the tipping point of investment and adoption, expanding rapidly as trust in cloud computing and cloud providers grows. As we enter a phase of wide-scale adoption of cloud computing to support critical applications and services, the question of trust within the cloud becomes imperative. This will become integral into realizing the benefits that cloud computing can truly offer.”

The cloud already has a strong impact in the daily lives of everyone with almost everything done on a digital device leveraging cloud computing in some way. The use of the cloud is growing. In in the next 16 months, 80 percent of respondents’ IT budgets will be dedicated to cloud computing.

And a majority of organizations are planning on investing in all cloud service models, but the majority (81 percent) are planning to invest in infrastructure-as-a-service (IaaS), closely followed by security-as-a-service (79 percent), platform-as-a-service (PaaS) (69 percent), and lastly software-as-a-service (SaaS) (60 percent).

“The cloud is the future for businesses, governments and consumers,” said Jim Reavis, chief executive officer of the Cloud Security Alliance, in a statement. “Security vendors and cloud providers must arm customers with education and tools, and cultivate strong relationships built on trust, in order to continue the adoption of cloud computing platforms. Only then can we completely benefit from the true advantages of the cloud.”

The survey was conducted by Vanson Bourne, a market research company.

This article was written by Dean Takahashi from VentureBeat and was legally licensed through the NewsCred publisher network.

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