IDG Contributor Network: Almost all of IT budgets will soon be dedicated to cloud, Intel study finds

The cloud is exploding globally, with most of IT spending soon to be allocated to cloud, according to a new Intel report.

The technology company predicts that virtually all IT spending (80 percent) will be on cloud in the next 16 months. One reason is that ever-increasing digital activities “are leveraging cloud computing in some way,” the company said in its press release.

And it’s happening quickly, according to the survey of 1,200 IT executives in eight countries, which was conducted by market research provider Vanson Bourne on behalf of Intel.

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