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Our roundup of the latest cloud computing news

Our roundup of the latest cloud computing news

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Each month we round up some of the biggest cloud computing news stories from around the world and bring them together into one article for you. Here are the top stories from the last few weeks.

 

$120 million fund launched to back Europe’s business-to-business cloud computing companies

Notion Capital, a venture capital investment firm based in London, has launched a new $120 million (£77 million) fund aimed at Software-as-a-Service (SaaS) and cloud computing companies based in Europe.

With a specific focus on startups at the first stage, the firm plans to extend its fund to $150 million (£96 million) by the end of this year. Read more here.

 

Take-up of cloud computing by UK SMEs has increased 15% in the last year

A BT and British Chambers of Commerce survey has found that there has been a 15% increase in UK SMEs using cloud software. The report, which surveyed 319 decision-makers in UK SMEs, found that cloud-based applications are used by 69% of SMEs.

Remote access to company data, wifi access when out of the office and fibre-optic broadband are seen as critical by 56%, 64% and 33% of respondents respectively. With  91% of respondents having at least one member of staff working from home and 19% having more than half of their workforce working away from the main office location, it is easy to see why cloud software is becoming so popular in UK businesses.

Read more results from the survey here.

 

General Electric enters the cloud services market

In the last few days, General Electric (GE) announced plans to enter the cloud services market with ‘Predix Cloud’.

Predix Cloud is the world’s first cloud solution designed specifically for industrial data and analytics. Build on the Platform-as-a-Service (PaaS) cloud service model, it has been designed to capture and analyse the unique volume, velocity and variety of machine data within a highly secure, industrial-strength cloud environment.

Read more about this here.

 

NetSuite Q2 financial results top estimates

Last month, cloud software provider NetSuite announced its Q2 financial results. Total revenue for the second quarter of 2015 was $177.3 million, representing a 35% increase over the same period in the prior year.

And cash flows from operations were $23.9 million in the second quarter of 2015, up from $18.6 million in the same period in the prior year. NetSuite saw particular growth in the retail, manufacturing and wholesale distribution verticals. You can read more about the company’s financial results here.

 

Global public cloud computing market to reach £45 billion in 2015

A new report from the International Data Corporation (IDC) has revealed that organisations across industries will continue to shift steadily towards cloud-first strategies. According to the research firm, this year public cloud computing will reach nearly $70 billion (£45 billion) worldwide.

The top five verticals are discrete manufacturing, banking, professional services, process manufacturing and retail, which will account for approximately 45% of the total spend for the market.

The report also found that the ease of purchasing cloud-based solutions has helped transfer buying power from IT to functional lines of business like marketing, finance, and operations. Read more here.

Last month, IDC also released its assessment of the Worldwide Cloud IT Infrastructure Market. They found that the percentage of total IT infrastructure spending devoted to the cloud has increased to nearly 30%, up from 26.4% a year ago. Private cloud revenue jumped 24.4% to $2.4 billion, while the public cloud grew even faster – 25.5% – to $3.9 billion. You can read more about this assessment here.

 

AirBnB, LinkedIn, Spotify & Twitter sign up for Box cloud storage

Adding to its catalogue of big name customers, Box has signed up AirBnB, LinkedIn, Spotify and Twitter.

Box’s technology makes it easier for employees to share files or work collaboratively on projects while spread across different locations by reducing reliance on on-premise technologies.

According to Box, 37 million people and 47,000 companies already use its service, including Cisco, eBay, General Electric and Procter & Gamble.  Aaron Levie, co-founder and CEO of Box, said its technology is proving a good fit for companies that need to respond quickly to the changing needs of their customers. Read more here.

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World Wildlife Fund UK looking to expand its use of cloud services

Computer Weekly reported last month that the World Wildlife Fund (WWF) UK is looking to increase its use of cloud-based services after its move to cloud-based email archiving delivered multiple benefits.

A year ago, the conservation group moved 5TB of archived email – dating back over five years – from its in-house hosted system to a managed cloud service. The company chose a cloud service over making a significant investment in its current storage area network (SAN) to avoid its small IT team being tied up in a project.

The project brought three major benefits to WWF-UK. It now has predictable costs because it pays a set fee; it does not have to plan for exponential growth as it is on-demand; and it has improved the user experience as the new service works well on mobile devices.

The company also has procurement, human resources and finance systems in the cloud. The success of the email archiving project has encouraged the organisation to investigate how it can migrate unified communications to a cloud-based service.

 

Enterprise IT departments aren’t getting sidelined by the cloud

Concerns that cloud computing could mean the end of enterprise IT departments appear unfounded, claims new research from Harvard Business Review. The latest cloud computing report features responses from 452 senior business executives working in enterprises around the globe.

39% of participants said cloud software was a collaborative purchase in their companies, involving both line of business units and the IT department. 52% of those that have kept IT involved in their purchases claim the decision has allowed them to save money and reduce complexity.

“In these cases, central IT advises business units and departments on their cloud efforts, provides due diligence, and ensures security and interoperability concerns are addressed,” the report states. Read more here.

 

We provide NetSuite’s cloud software to businesses across the UK. If you would like to discuss how the cloud could benefit your business, please get in touch.

Do you have anything to add about this month’s cloud computing news? Leave your thoughts on this month’s stories in the comments below.

Image courtesy of Nongkran_ch at FreeDigitalPhotos.net

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