Management Information Systems

This chart was taken from an article published by Gartner (a US IT research and Consultancy Organization). It explains that enterprise IT spending on public cloud computing will overtake traditional IT spending by 2025. As you can see from the revenue growth graph above, the revenue of traditional IT will stay level or even slightly decreased over the next years where cloud revenue will keep its sharp growth. Given the high growth rate of cloud computing, it is expected that traditional IT spendings will become smaller than cloud spendings. For any enterprise, cloud will play an increasingly growing role in their IT strategy.

Question 1

a. Based on the article above, identify and discuss TEN (10) reasons cloud computing is overtaking traditional computing at such an exponential pace.

b. List and discuss TEN (10) roles that cloud computing will assist in the manufacturing industry.

c. On the contrary, cloud computing technology may not be suitable for all industries, for example the banking sector. Identify and discuss FIVE (5) challenges that financial institutions may face before adopting cloud computing technology.

Source: Gartner 758067.C Gartner. Source: Gartner, February 2022