Cloud computing continues to be a top priority for many companies. Two sectors of economy – healthcare and finance – are finding larger uses for the enterprise cloud. In a recent cloud service provider blog post, David Linthicum explained explained how switching to the cloud can save the health care industry millions.
The cloud provides additional benefits to the healthcare industry, as many firms are trying to stay compliant with new regulations.
"For many enterprises, that means they have the ability to keep up with new and emerging markets," wrote Linthicum. "In the world of healthcare, cloud computing also provides the ability to keep up with ever-changing regulations."
However, many healthcare organizations have yet to fully appreciate the value of the cloud. Instead, Linthicum stated, they are spending large amounts of money to try and become compliant in traditional ways, yet are still struggling to accommodate industry regulations. Smarter enterprises, though, are now learning to leverage technology with the organizational architecture in place, which helps with transitions in the marketplace and in regulations. Because the healthcare industry changes so much, the value of the cloud only increases.
Value of the agility of the cloud can be calculated as well. Those in healthcare just need to analyze their practices and understand the data they get from it.
Financial sector looking to invest more in the cloud
The financial services industry is also increasing its uptake of the cloud. A PricewaterhouseCoopers survey stated that many businesses within the industry intend to invest more in the cloud in 2013 than they did in 2012.
Seventy-one percent of the respondents said that they will be investing this year. Just 18 percent of the same respondents actually invested in the cloud just a year ago, indicating that insurance firms might be just catching on.
According to another PwC report, those in financial services feel the need to consolidate data centers while also improving the agility of their IT operations. They are accomplishing this by moving to the cloud.
Other reasons for the move to the cloud include faster rollouts of new products, constantly changing products, the complexity of new regulations and the alignment of IT goals with business goals.
The private cloud has been more popular than any other cloud type among financial firms thanks to the additional security it provides, while also offering many of the same features as other deployments.
"We have seen that a private cloud provides financial institutions with more of an opportunity to achieve agility while limiting risk," the report stated.