Cloud Computing Seen as Waste of Time and Money

Security concerns and the perception that cloud computing could be a waste of money has prevented many CFOs from putting large sums of money in SaaS projects, reports CIO Australia.


At the the IDC cloud computing conference in Sydney, Paul Kangro, applied technology strategist at Novell, revealed that many finance executives are hesitant to allocate large sums of money into cloud due to previous investment failures, citing the Y2K as an example.


Kangro says that a long term view is essential when embarking on a cloud computing initiative.



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