Last week I wrote about the 2013 MIT Sloan CIO Symposium which I recently attended. The Symposium included a number of talks and panels on the key issues facing CIOs, as every business is essentially becoming a digital business. Big data and cloud were the most prominent transformative technologies discussed at the Symposium. My remarks last week were focused on big data. I now want to turn my attention to cloud computing, and its impact as a key driver of the changing role of the CIO.
These days, few question the importance of cloud to individuals, companies of all sizes and the economy in general. In a just published report by the McKinsey Global Institute, Disruptive technologies: Advances that will transform life, business, and the global economy, cloud is listed as one of 12 technologies with significant potential to drive economic impact and disruption by 2025. The report said:
“The cloud is enabling the explosive growth of Internet-based services, from search to streaming media to offline storage of personal data (photos, books, music), as well as the background processing capabilities that enable mobile Internet devices to do things like respond to spoken commands to ask for directions. The cloud can also improve the economics of IT for companies and governments, as well as provide greater flexibility and responsiveness. Finally, the cloud can enable entirely new business models, including all kinds of pay-as- you-go service models.”