More than half of all Australian companies spend more than 10% of IT budgets on cloud - 70% intend to increase budgets significantly, finds Frost & Sullivan

More than half of all Australian companies spend more than 10% of IT budgets on cloud - 70% intend to increase budgets significantly, finds Frost & Sullivan PR Newswire SYDNEY, Aug. 8, 2012 - Security, reliability of services and hosting capabilities in Australia are top criterion for selecting cloud providers; providers with a local data centre presence have competitive advantage SYDNEY, Aug. 8, 2012 /PRNewswire/ -- Business agility, increased standardization of IT infrastructure and the ability to lower overall IT costs are driving the adoption of cloud computing amongst enterprises in Australia. An intrinsic part of this is the ability of cloud computing to lower upfront IT capital expenditure and grow the business without the expenses of installing new systems. 53% of Australian companies using cloud computing services spend more than 10% of their total IT budget on cloud solutions or services, while 31% spend more than 20%. 70% of them will increase their cloud-based solutions budget significantly over the next 12 months. Larger organisations are generally spending much more on cloud computing than smaller ones. "Cloud-based solutions enable organisations to focus on other aspects of operations by freeing up key resources previously dedicated to other IT services.