One might expect there to be confusion and misinformation when so much money is on the line. Gartner predicts the cloud computing market to reach $411 billion by 2020. The good news for businesses is that this market is competitive, and choices abound. The big cloud providers such as Amazon, Microsoft, and Google garner a lot of attention, but smaller and more nimble niche players are thriving as well.

Despite the rapid adoption of cloud computing and its positive impact on business, there are still some popular misconceptions around deploying and running applications in the cloud.

• Security is the Biggest Risk
• Cloud Technology is Too Young
• The Cloud Runs Itself
• The Cloud is Always Cheaper
• The Cloud Fits Every Workload
• The Cloud Hurts the Environment
• Cloud Migration is Difficult
• The Cloud Costs Jobs
• Big Data is No Big Deal
• BYOD is Too Expensive

The Promise of Cloud Computing
   
Understanding what is next for cloud computing is crucial for businesses at all levels because the cloud isn’t just for techies anymore. Managers are responding to the real opportunities that the cloud offers to develop new business models, forge closer ties with customers, and use the expertise of employees and partners. From a technology that was initially adopted for efficiency and cost savings, the cloud has emerged into a powerhouse of innovation throughout organizations. Cloud computing is here to stay and the numbers are supporting that:

• 75% of decision makers use the cloud in their business
• 94% of IT managers reported improvements in security with the adoption of the cloud
• 75% of business reported improvements in the availability in their services
• 91% of SMB used cloud services to satisfy compliance requirements
• Spending on Cloud Computing never slow down, with a projected 183 Billion in 2015

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Source:

https://www.rackspace.com/en-us/library/cloud-computing-myths
https://blog.storagecraft.com/top-myths-realities-cloud-computing/
https://datafloq.com/read/10-myths-about-cloud-computing/1183