Businesses continue using the cloud, survey says

According to a recent KPMG survey which polled more than 900 global companies, 80 percent of organizations are in the process of migrating or plan to move applications to the cloud. One out of every 10 organizations said that they are currently running core information systems through the services, the Wall Street Journal reported.

Many organizations are making the switch to cut costs and increase productivity. Businesses are beginning to realize that the cloud is no longer a competitive advantage, and that it has turned into an operational necessity, said Steve Hill, the vice chairman of strategic investments at KPMG, according to the Journal.

The cloud gives businesses the ability to store a nearly unlimited amount of data in off-site locations, which helps them reduce overall IT maintenance and support costs. Additionally, the cloud allows users to only pay for the space that they use.

According to a recent report from Gartner, more than 95 percent of organizations expect to maintain or increase their Software-as-a-Service investments. This shows that many organizations are using the cloud for applications to increase business efficiency.

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