Large companies are migrating computing workloads from private data centers into public clouds, according to a Goldman Sachs Group report covered by The Wall Street Journal.
For the report, investment banking firm Goldman Sachs Group polled 100 CIOs from large public companies across a range of industries about their IT spending plans. Security topped the list of IT spending priorities, followed by software as a service, business analytics, and private and public cloud adoption.
Here are three quick facts on cloud adoption:
1. On average, 18 percent of computing workloads currently run in public clouds.
2. CIOs expect the amount of computing workloads that run in public clouds to increase to 34 percent by the end of 2019.
3. Three-year forward expectations for migrating computing workloads into public clouds have continued to increase over time, up from 14 percent three years ago, according to Goldman Sachs Group.
"While we remain bullish on the overall public cloud opportunity, we see an increasing number of companies confronting the realities and challenges of migrating workloads and re-platforming apps," the report reads, according to The Wall Street Journal.