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Tuesday, October 17, 2017

U.S. Utility Companies are Exploring New Digital Apps

Digital transformation has begun to impact the industrial sector where maintaining security is a high priority. According to the findings from a recent survey of U.S. based utility companies, 40 percent of respondents believe that data security is the leading barrier to the adoption of new digital technologies.

However, it's clearly a barrier that can be overcome, with 64 percent of large utility organizations expressing a willingness to adopt innovative technologies -- such as Internet of Things (IoT), robotics, and wearable solutions -- within the next twelve months.

Utility Technology Market Development

"Technological transformation on energy as in the deployment of smart meters, sensors, and other IoT devices embedded into energy infrastructure, presents potential security vulnerabilities such as cyberattacks and threats from hackers, which have the potential to cause catastrophic results," said Raquel Artes, industry analyst at ABI Research.

ABI survey findings suggest that, despite current data security obstacles, utility firms are familiar with innovative technologies and plan to adopt them within the next year. This is especially true among smaller companies as follows:

  • IoT: 88 percent of respondents are familiar with IoT. 30 percent of firms already deployed IoT solutions, and an additional 24 percent plan to deploy them in the next 12 months.
  • Robotics: 88 percent of respondents are familiar with robotics. 20 percent already deployed robotic technologies, and 18 percent state a willingness to deploy the technologies in the next 12 months.
  • Wearables and Smart Glasses: 86 percent of respondents are familiar with wearables and smart glasses, but only 9 percent of respondents currently use them. 41 percent of small firms plan to deploy wearables and smart glasses in the next 12 months, as opposed to 11 percent of large firms.

"Interestingly, security concern barriers to adoption mirror the cloud computing services preference among small and large utility firms," concludes Artes.

A higher proportion of small firms (68 percent) firms consider housing their operational data on a hosted cloud platform than large firms (39 percent). Hybrid cloud is gaining momentum with 36 percent of respondents said they would deploy hybrid cloud by 2021.

Other key findings from the survey include:

  • Investment Priorities: Smart cities ranked first, followed by transmission infrastructure and automotive.
  • Distributed Generation of renewable energy: Utility firms cited they would capitalize on partnerships with automotive original equipment manufacturers (OEMs) on vehicle-to-grid solutions (40 percent of respondents), deployment of demand response optimization technologies (32 percent) and expansion into smart home or buildings micro-grids (24 percent).
  • Demand-response optimization: It is expected to grow rapidly in the next 5 years driven by strong momentum (90 percent of respondents shared they would deploy it in the next 5 years).

Monday, October 16, 2017

Western European IT Spending will Reach $453.8B

Savvy technology vendors know the trend, CIOs and CTOs are laser focused on digital transformation projects that will fuel enterprise growth, enabled by new online business models and other strategic imperatives. That said, IT infrastructure investment within many markets is still relatively flat.

According to the latest regional market study by International Data Corporation (IDC), IT spending in Western Europe will total $453.8 billion in 2017 -- that's a 2.7 percent increase compared with 2016.

IT spending in this market will continue to grow at about a 2 percent five-year compound annual growth rate (CAGR).

European IT Market Development

Investments in new technologies -- such as augmented reality and virtual reality (AR/VR), artificial intelligence (AI) and cognitive computing, robotics, 3D printing, and Internet of Things (IoT) -- will drive demand as companies strive to innovate, improve customer experience, and streamline business processes.

During 2017, consumer, banking, and discrete manufacturing sectors will be the vertical markets with the biggest IT spending -- accounting for over a third of overall Western European IT spend.


IDC forecasts that retail, professional services, and telecommunications will be the fastest growing markets in 2017, and they will continue to lead in 2018. In the long term, professional services, retail, and process manufacturing will generate the fastest 2017–2021 CAGR.

"Traditional technologies such as mobility, social media, cloud services, and Big Data helped companies to introduce change and move from a traditional approach to a more digitized one," said Andrea Minonne, research analyst at IDC.

With next-generation technologies, many organizations will go the extra mile, move one step ahead of the competition, and fully embrace digital business transformation. This will be a win-win game, from which both businesses and their customers will benefit as progressive companies introduce a more advanced approach into their businesses, optimizing processes and bringing extreme automation.

Outlook for European IT Investment

On the other hand, according to the IDC assessment, the large amount of data that customers produce will allow companies to understand what they must focus on, enabled by cognitive analytics solutions. This will result in more personalized products or services and increased customer satisfaction.

In the latest market study, IT spending forecasts are segmented into IDC's 20 standard vertical markets: banking, insurance, securities and investment services, discrete manufacturing, process manufacturing, retail, wholesale, professional services, personal and consumer services, healthcare provider, transportation, telecommunications, media, utilities, construction, resource industries, federal or central government, state and local government, education, and consumer services.

Thursday, October 12, 2017

Personal Computer Market Continues Downward Trend

Personal computer (PC) manufacturers will find no relief from the latest overall industry assessment. Worldwide PC shipments totaled 67 million units in the third quarter of 2017 -- that's a 3.6 percent decline from the third quarter of 2016, according to the latest global market study by Gartner.

Note, this is the twelfth consecutive quarter of declining PC shipments. Optimistic industry analysts continue to seek an upside for this historically weak technology market, but some of the largest regions still show no sign of a meaningful recovery.

Personal Computer Market Development

"While there were signs of stabilization in the PC industry in key regions, including EMEA, Japan and Latin America, the relatively stable results were offset by the U.S. market, which saw a 10 percent year-over-year decline in part because of a very weak back-to-school sales season," said Mika Kitagawa, principal analyst at Gartner.

Business PC demand, led by Windows 10 upgrades, continued to drive PC shipments across all regions of the globe, but its refresh schedule varies by region. Those with stable economies, such as the U.S. market, have created a positive sentiment among businesses, especially for small and mid-sized businesses (SMBs), which are more vulnerable to external events, such as economic or political.

Moreover, there are ongoing component shortages, with DRAM shortages getting particularly worse during the third quarter of the year compared with the first half of 2017. The component price hike impacted the consumer PC market as most vendors generally pass the price hike on to consumers, rather than absorbing the cost themselves. Gartner expects the DRAM shortage to continue to the end of 2018, but it will not be reflected in the final PC prices immediately.

In the U.S. market, PC shipments totaled 14.7 million units in the third quarter of 2017 -- that's a 10.3 percent decline from the third quarter of 2016. It was the fourth consecutive quarter of declining PC shipments.

"Weak back-to-school sales were further evidence that traditional consumer PC demand drivers for PCs are no longer effective," Ms. Kitagawa said. "Business PC demand is stable in the U.S., but demand could slow down among SMBs due to PC price increases due to component shortages."

Global Outlook for PC Growth Potential

PC shipments in EMEA totaled 19 million units in the third quarter of 2017 -- that's a 1.1 percent decline year over year. The contraction in the Western European PC market appears to have slowed down, with the potential for stability in the fourth quarter of 2017.

Eastern Europe is experiencing flat to small unit declines as demand is not improving, and there is no obvious impact yet from the Windows 10 migration in the business segment.

In the Asia-Pacific region, PC shipments reached 24 million units in the third quarter of 2017 -- that's down 2.1 percent from the same period last year. While consumer demand remained lackluster, PC demand in the business segment remained steady, especially for notebooks.

In China, the PC market is estimated to have declined by 5 percent in the third quarter of 2017, with more stability in the business market, particularly in large enterprises, than in the consumer space.

Tuesday, October 10, 2017

Advertising Fraud: Can Artificial Intelligence Reduce It?

When implemented correctly, the potential benefits that Artificial Intelligence (AI) can bring to the digital advertising industry are significant. Enhancing a digital advertising platform's ability to efficiently target the correct audience, while detecting fraudulent publisher activities, would be a huge advantage.

According to the latest worldwide market study by Juniper Research, the use of AI for advertising purposes overlaps with the development of other applications. For instance, as bots and digital assistants are mechanisms for human to machine communications, the opposite may also be true -- where the AI machine, aware of the user's interests, can be used as a tool for brand advertising.

However, the applications of AI in advertising extends beyond this use case.

AI for Advertising Market Development

That said, what's primarily driving the demand for AI apps in advertising? The Juniper Research study found that advertisers will lose an estimated $19 billion to fraudulent activities next year -- that's equivalent to about $51 million per day. This annual revenue loss, representing advertising on online and mobile devices, will continue to rise, reaching $44 billion by 2022.


Juniper claimed that the 'Walled Garden' -- a closed system approach whereby advertising platforms restrict the flow of ad performance data to advertisers and publishers -- must be abandoned to stimulate true transparency between all stakeholders.

The Juniper study findings also found that advertising fraud rates will continue to increase as a result of this dysfunctional activity, further hindering stakeholder efforts in tackling fraud.

Additionally, the research predicted that AI will be crucial in analyzing the vast amounts of data generated from advertising activities daily and minimizing loss due to fraud. Juniper believes that fraudsters will increasingly innovate in their approaches to imitate genuine advertising activity -- including simulated clicks, mouse movements and social network accounts.

"Fraudsters will continue to heavily invest in domains, user accounts and bot farms in order to appear genuine," said Sam Barker, senior analyst at Juniper Research. "Advertising stakeholders will demand constant vigilance against the threat of ad fraud, which will only be achieved through the correct implementation of AI services."

The research also predicted that platforms leveraging AI for targeting purposes will account for 74 percent of total online and mobile advertising spend by 2022.

However, as the adoption of AI solutions become saturated, only platforms demonstrating the most effective algorithms will be able to charge premium prices to advertisers and marketers.

Outlook for Effective Ad Fraud Solutions

According to the study, these platforms will need to focus on machine learning training via new data sources to improve the proficiency of their AI algorithms. Data from Internet of Things (IoT) devices, information sharing partnerships and cross device user identification could become highly sought-after.

Furthermore, the other obvious solution for B2B marketers is to reduce their use of advertising, given the diminished effectiveness of typical ad investments. In contrast, more savvy CMOs are investing in proven digital transformation and content marketing methods that have a significantly better return-on-investment.

Monday, October 09, 2017

Global IT Spending will Reach $3.7 Trillion in 2018

The ongoing momentum for progressive digital transformation projects continue to fuel IT infrastructure investments across the globe. Open innovation, that will be enabled by emerging business technologies, is the commercial catalyst that can drive a strategic competitive advantage.

Worldwide IT spending is projected to total $3.7 trillion in 2018 alone -- that's an increase of 4.3 percent from 2017 estimated spending of $3.5 trillion, according to the latest global market study by Gartner.

Global IT Infrastructure Market Development

Enterprise software and IT services continue to register strong growth, with communications services driving the majority of new spending. Software spending is projected to grow 8.5 percent during 2017, and it will grow another 9.4 percent in 2018 to total $387 billion.

IT services spending is on pace to grow by 4 percent in 2017 to reach $931 billion, and that's an increase of 5.3 percent in 2018 to reach $980 billion. Moreover, the devices segment is expected to exhibit growth for the first time in two years -- with an anticipated increase of 5.3 percent in 2017 and 5 percent in 2018.

Increased average selling prices for premium mobile phones in mature markets -- partially due to the introduction of the iPhone 8 and 10 -- along with an underlying demand for computers from businesses replacing their devices with Windows 10 PCs is driving the growth in this segment.

Gartner analysts were discussing the emerging trends that are driving digital transformation during the recent Gartner Symposium and ITxpo. While all IT spending segments are expected to experience growth in 2017, Gartner has identified 10 markets within these segments that will make up the most dynamic portion of the IT spending forecast in 2018.

"Looking at market opportunity -- how profitable a market is, how big it is and how fast is it growing today and for the next five years -- we've identified the top markets that companies should be looking to be part of in 2018," said John-David Lovelock, research vice president at Gartner.

That being said, according to the Gartner assessment, legacy IT spending is showing little overall market growth at this time, as are the traditional enterprise markets. The top 10 markets will be the key to vendors remaining relevant and achieving growth in the foreseeable future.

These 10 markets -- including three cloud segments (infrastructure as a service, integrated platform as a service and communications platform as a service) -- range from technologies that enhance the digital workplace, such as workstream collaboration, workforce analytics and video message-oriented middleware (MOM), to security (endpoint detection and response), analytics (smart data discovery) and storage (in-memory data grids).

Outlook for Digital Transformation Trends

All of these IT infrastructure investments are likely tied directly to enabling and enhancing an enterprise's digital transformation efforts. This is the new normal.

"The IT buying landscape is changing: Digital business transformation is an effort to create connected, platforms and new industry revenue streams," said Mr. Lovelock. "Organizations that are not creating new digital business models or new ways to engage constituents or customers, are falling behind. Those vendors that do not move more quickly than their clients, will be left behind."

Friday, October 06, 2017

Software-Defined Storage Revenue will Reach $16.2B

As more CIOs and CTOs prepare for the data deluge that's driving demand for enterprise storage solutions, savvy IT infrastructure vendors are already offering next-generation systems that meet the evolving requirements of their customer's digital transformation projects.

Software-defined storage (SDS) is one of several new technologies that are rapidly penetrating the IT infrastructure of enterprises and cloud service providers. SDS is gaining traction because it meets the demands of the next-generation data center much better than legacy storage infrastructure.

As a result, International Data Corporation (IDC) forecasts the worldwide SDS market will see a compound annual growth rate (CAGR) of 13.5 percent over the 2017-2021 forecast period, with revenues of nearly $16.2 billion in 2021.

Enterprise Storage Market Development

Enterprise storage spending has already begun to move away from hardware-defined, dual-controller array designs toward SDS and from traditional on-premises IT infrastructure toward cloud environments (both public and private) based on commodity Web-scale infrastructure.

SDS solutions run on commodity, off-the-shelf hardware, delivering all the key storage functionality in software. Relative to legacy storage architectures, SDS products deliver improved agility -- including faster, easier storage provisioning -- when compared to traditional storage system constraints.

"For IT organizations undergoing digital transformation, SDS provides a good match for the capabilities needed -- flexible IT agility; easier, more intuitive administration driven by the characteristics of autonomous storage management; and lower capital costs due to the use of commodity and off-the-shelf hardware," said Eric Burgener, research director at IDC.

According to the IDC assessment, as these features appear more on CIOs and CTOs list of purchase criteria, enterprise storage revenue will continue to transition to software-defined storage solutions.

Within the SDS market, the expansion of three key sub-segments – file, object, and hyperconverged infrastructure (HCI) – is being strongly driven forward by next-generation data center requirements.

Outlook for Enterprise SDS Solutions

Of these sub-segments, HCI is both the fastest growing with a five-year CAGR of 26.6 percent and the largest overall with revenues approaching $7.15 billion in 2021. Object-based storage will experience a CAGR of 10.3 percent over the forecast period while file-based storage and block-based storage will trail with CAGRs of 6.3 percent and 4.7 percent, respectively.

Because hyperconverged systems typically replace legacy SAN- and NAS-based storage systems, all the major enterprise storage systems providers have committed to the HCI market in a major way over the past 18 months.

This has made the HCI sub-segment one of the most active merger and acquisition markets, as these vendors prepare to capture anticipated SAN and NAS revenue losses to HCI due to enterprises shifting toward more cost-effective SDS solutions.

Monday, October 02, 2017

Demand Grows for Superior Managed Cloud Services

The rush to move IT applications from on-premises enterprise data centers to public cloud service providers, primarily on the basis of the promise of a low-cost, has once again been challenged by recent market research findings.

In fact, savvy CIOs and CTOs are seeking comprehensive solutions that meet all their expectations, rather than merely a limited subset. Even if it costs more to achieve that goal, the demand for superior hybrid cloud services is gaining momentum across the globe.

As an example, seventy-five percent of respondents to the latest worldwide market study by 451 Research indicate that enterprise IT leaders are willing to pay a premium for enhancements to their server hosting and cloud services.

Cloud Services Market Development

The most desired improvements are guarantees of security (48.7 percent of respondents) and service performance (43.3 percent) with less interest in paying service providers to take on the operational management burden (27.9 percent).

Despite customers citing cost savings as a driver of cloud adoption and using value for money as a metric for evaluating cloud services, 451 Research finds customers are willing to pay extra for cloud and hosting service enhancements. The average premium businesses are willing to pay is around 30 percent.

The highest premium is for enhanced customer service and support (33.3 percent) and the lowest is for the service provider handling operational management (27.9 percent).

Although 451 Research believes higher levels of service will attract those customers willing to pay higher rates, organizations surveyed say that their providers are failing to meet their expectations for service levels in several categories.

As an example, 58.1 percent of survey respondents say that managed services or security services bundled with the infrastructure or application service is an important capability for them. However only 38.8 percent of these respondents say their current vendors meet this expectation.

The largest such gap is the ability to migrate workloads and data from the customer’s data center to the provider’s or another data center, including public cloud. Moreover, 42.9 percent indicate this is important, but only 19.5 percent of these respondents say their current vendors meet this expectation.

Outlook for Cloud Computing Enhancements

"We frequently talk about pricing competition in cloud infrastructure and applications, which leaves many service providers wondering how they can differentiate themselves," said Liam Eagle, research manager at 451 Research.

According to the 451 Research assessment, the good news is that many hybrid cloud service customers tell the analyst that they’re evaluating vendors on total value, rather than cost. That value can reside in services like guaranteed levels of performance, security and support.

"We've found that customers still see shortcomings when it comes to service providers helping them strategize and execute around hosting and cloud," added Eagle. "Service providers focused on adding value should regard these gaps as opportunities they can capture by improving the quality of their own service in specific areas."

Friday, September 29, 2017

Cognitive and AI Systems Revenue will Reach $57.6B

What if the employees in your organization had access to intelligent automation that augmented their own skills and abilities? What if the routine processes and repetitive tasks could be executed by a trained computing system? Given that scenario, how might your organization improve employee productivity and enhance their job satisfaction?

That's the promise of cognitive and artificial intelligence (AI) technology. It's becoming a new reality, as numerous organizations across the globe start to embrace these trained computing systems.

Cognitive and AI Market Development

Worldwide spending on cognitive and AI systems is forecast to reach $57.6 billion in 2021, according to the latest global market study by International Data Corporation (IDC).

With many industries investing in cognitive and AI solutions, spending is expected to achieve a compound annual growth rate (CAGR) of 50.1 percent over the 2016-2021 forecast period.

Worldwide spending on cognitive and AI systems will total $12.0 billion in 2017, an increase of 59.1 percent over 2016.

"Cognitive and artificial intelligence solutions continue to proliferate across all industries resulting in significant growth opportunities," said Marianne Daquila, research manager at IDC. "Some of the use cases are very industry specific, such as diagnosis and treatment in healthcare, and in others they are common across multiple industries such as automated customer service agents."

The retail and banking industries are forecast to spend the most on cognitive and AI systems in 2017 with investments of $1.74 billion and $1.72 billion, respectively. The discrete manufacturing, healthcare, and process manufacturing industries are also forecast to spend more than $1 billion each this year.

These five industries will continue to be the industries with the largest spending amounts throughout the five-year forecast and, by 2021, their combined investments will represent nearly 55 percent of all worldwide spending.

In addition to spending the most on cognitive and AI systems, retail will also deliver the fastest spending growth with a 2016-2021 CAGR of 58.8 percent. Six other industries will see CAGRs greater than 50 percent over the forecast period.

Overall, the cognitive and AI use cases that will see the largest amount of spending in 2017 will be automated customer service agents ($1.5 billion) and diagnostic and treatment systems ($1.1 billion). These will remain the largest use cases in terms of spending throughout the forecast period.

Meanwhile, the fifth largest use case in 2017 – intelligent processing automation – will see enough investment growth over the forecast period to become the third largest use case in 2021. Moreover, automated preventative maintenance will see its spending levels fall from third largest in 2017 to fifth largest in 2021, despite a CAGR of 40.1 percent.

The use cases that will see the fastest spending growth over the 2016-2021 forecast are expert shopping advisors and product recommendations (96.6 percent CAGR), public safety and emergency response (96.2 percent CAGR), and intelligent processing automation (69.9 percent CAGR).

Outlook for Hardware, Software & Services

About half of all spending on cognitive and AI technology will go to software -- including cognitive applications and cognitive platforms -- over the course of the forecast period. Although software spending growth is expected to slow somewhat after 2019, services spending will experience steady growth throughout the forecast, achieving a five-year CAGR of 53.7 percent.

In contrast, cognitive and AI computing hardware will be the smallest and slowest growing area of spending, despite a robust CAGR of 40.4 percent.

Wednesday, September 27, 2017

Commercial Blockchain Deployments are Gaining Traction

Many organizations are now actively considering blockchain deployments, and a significant proportion are already anticipating integration of blockchain into their IT systems within the next 18 months, according the latest worldwide market study by Juniper Research.

The Juniper survey found that among the largest companies (those with 20,000 of more employees) that were considering deploying or were in the process of deploying blockchain, 54 percent had reached the PoC (Proof of Concept) stage, with a further 16 percent involved in trial deployments.

Among all companies that have reached the PoC stage, 66 percent expected blockchain to be integrated into their systems by the end of 2018. Integration was expected to take longer as companies got larger among the smaller companies surveyed (i.e. those with less than 1,000 employees), 81 percent expecting integration to be completed by the end of 2018 -- compared with 57 percent of companies with over 20,000 employees.


IBM Leads Blockchain Market Development

That being said, IBM is regarded by survey respondents as having the most proven credentials within the emerging blockchain sector, well ahead of all competitors. That's based upon almost 400 company founders, senior executives, managers and IT leaders that responded to Juniper's survey.

Among enterprises either actively considering, or in the process of deploying blockchain technology, 43 percent of the survey respondents ranked IBM first -- that's more than twice the proportion selecting second-placed Microsoft (20 percent).

According to the study, this reflected IBM’s high-profile R&D engagement with initiatives such as the Hyperledger project, and its extensive list of blockchain clients across an array of key verticals and use cases -- including banking, asset tracking and the music industry.

Among respondents who were prepared to state their levels of investment in blockchain, 67 percent stated they had already invested more than $100,000 by the end of 2016, while 91 percent of these companies confirmed that they would be spending at least this amount in 2017.

The study findings stated that this suggested most initial investments had delivered results that were sufficiently encouraging for companies to pursue more extensive trials and/or integrations.

Outlook for Blockchain Application Growth

When challenges are measured against the scale of the upside market opportunity, Automotive, Financial Settlement and Land Registry emerge as particularly interesting growth prospects.

However, Juniper analysts urge interested companies and other organizations to focus on private blockchains for commercial deployments, rather than attempt to utilize public chains -- such as Bitcoin.

It also argued that most corporate applications would require the capability to restrict access to permissioned users, while companies would also need to have a degree of control over the development of the blockchain on which their systems have become dependent.

"Even if companies conduct initial testing using a public blockchain, in most cases the shortcomings of these chains should disqualify them from many use cases," said Dr Windsor Holden, head of forecasting & consultancy at Juniper Research.

Tuesday, September 26, 2017

Finance Executives Embrace Multi-Cloud Service Models

CIOs and CTOs are developing comprehensive Hybrid IT infrastructure models, in response to growing demand from CFOs and line of business leaders that request access to applications hosted via both on-premises private cloud and off-premises public cloud offerings.

That's why savvy technology leaders must therefore align with the most qualified vendors and service providers that enable them to manage and support these complex multi-cloud scenarios. Furthermore, the chosen provider must demonstrate vertical industry knowledge and prior experience.

A major shift is taking place in how enterprises select their financial management applications, with a migration to cloud applications happening faster than expected, according to the latest worldwide market study by Gartner.

Multi-Cloud Service Market Development

A recent Gartner survey of senior finance executives found that by 2020, 36 percent of enterprises will use the cloud to support more than half of their transactional systems of record (SoR) requirements.

Gartner surveyed 439 global senior financial executives (including 410 who had implemented cloud strategic and financial corporate performance management solutions) from January through March 2017 to explore their technology perspective, influence of IT, needs and priorities in technology investment.

Key findings from the survey include:

  • Organizations of all sizes are moving to cloud solutions, such as core financial applications, for transactional systems of record.
  • Cloud momentum is consistently higher across financial business applications year-over-year.
  • Business analytics and enterprise business applications continue as top investment initiatives for senior financial executives.

According to the survey, smaller and midsize organizations are adopting cloud services more rapidly than larger organizations, with 44.6 percent of smaller organizations, 37.7 percent of midsize enterprises and 40.4 percent of large organizations planning to move to the cloud over the next three years.

"We have found that most clients asking about these financial business application markets are solely interested in the cloud option," said John Van Decker, vice president at Gartner. "Many enterprises that currently run on-premises solutions want to move to newer solutions that put more control in the hands of the end user, and reduce the effort required when compared with on-premises upgrades."

Gartner has found that the human capital management and procure-to-pay markets have already been migrating their business applications to the cloud, while the office of finance has been slower to move.

However, things are changing for the finance organization. CFOs are usually more conservative about moving their data to the cloud, however, given the current change in the market there will be a steady migration over the next five to 10 years.

Outlook for Multi-Cloud Service Adoption

Multi-cloud solutions are still developing and do not have uniform capability to meet the needs of all industry verticals, company size and local markets. CIOs and CTOs will need to do their due diligence when evaluating integrated cloud solutions in these markets.

"The Gartner survey showed that 93 percent of enterprises see the cloud being utilized for half of enterprise transactions in the future," said Mr. Van Decker.

According to the Gartner assessment, ongoing adoption of cloud services has changed the environment for financial management business applications. Vendors have responded with new and re-architected integrated platforms that incorporate cloud-based applications, and most have de-emphasized traditional stand-alone on-premises solutions.