26th May 2015
Most CFOs have ‘bought-into’ the cloud in some shape or form. If they are not moving to the cloud now then it is definitely on the near-term horizon. IDC the analyst firm says that public IT cloud services spending will grow to more than $127 billion in 2018, representing a compound annual growth rate of 22.8%, which is about six times the rate of growth for the overall IT market. But in an unseemly rush to exploit the advantages of the cloud some CFOs are throwing caution to the wind, by deploying financial processes in multiple-clouds that will create “Islands of Information” that they may regret for decades to come.
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