Increased investments in IT despite economy demonstrates cloud benefits

Increased investments in IT despite economy demonstrates cloud benefits

The need to remain productive has driven many companies to either keep their information technology budgets steady or increase their investments, suggests a survey from Nucleus Research. Despite the pressures that the economy is putting on businesses to reduce spending, it appears that IT will not be affected.

The survey found that nearly 50 percent of respondents intend to increase their IT investments in 2012. One of the most lucrative investments seems to be cloud computing, as it offers businesses number of benefits, including the ability to improve collaboration and reduce overall expenditures.

"We're also seeing small- and medium-sized business increasing their tech spend because cloud options put more sophisticated application capabilities - like analytics and ecommerce - within their reach," said Nucleus vice president Rebecca Wettermann in an email to CFOworld.

Communications within the cloud will continue to remain prevalent in the workplace, as a report from ABI Research estimated that the market will experience a growth of more than 21 percent by 2016. With or without a poor economy, businesses are experiencing the advantages that the cloud provides to all aspects of the company.