August 22, 2012 Cloud News Report: Top Three This Week in Cloud

August 22, 2012 by Diana Nolting

Appearing each Wednesday, this Cloud News Report will compile our top three favorite cloud news stories from the past week.

1. Massachusetts: Cloud is taxed when there’s a software license

The case that tax law is complicated certainly isn’t hard a hard case to make.  Adding to the complexity, many state tax laws are not up-to-date enough to define how cloud can or should be taxed, causing headaches for states, companies and users.  This Network World articles looks at the state of Massachusetts’ recent decision to define taxable cloud as anything that is a licensed SaaS product and does not include any open-source, free software.  Read to article to find out what implications that will have for future state businesses and users.     

To read the full story, click here.


2. Cloud Providers Pitch Cost Savings, But Enterprises Want More: Survey

In this Forbes article, Joe McKendrick pits what he says the biggest promise made about cloud is (cost savings) versus the results in a recently released survey stating what customers feel their biggest benefits of migrating to cloud have been.  McKendrick highlights survey results proving that cloud adoption is in fact widespread, with 57% of respondents reporting using SaaS and 38% using PaaS. 

He highlights application migration data that supports the claim as well.  What was interesting in the article, is that the survey suggests cost savings is not the biggest benefit of cloud adoption, but rather that the survey reports the top two benefits are achieving more flexibility and achieving a reduction in time required for provisioning.  Find out what other benefits made the top of the list in this interesting piece.

To read the full story, click here.


3. Cloud computing changes all rules in banking

Has cloud computing altered the future of banking and might it drastically shift how banks grow?

This Korea Times article showcases three potential directions banking can go in the future to serve customers including an “analytical multi-channel” model, a “socially engaged” model and a “digital ecosystem” model.  All three engage customers in various ways to elicit data, feedback and engage consumers.

The article also explores the role, specifically, that cloud computing will have as banks adapt to the proposed changes.  The article hosts a detailed description of three current trends that could take over the wave of the future.

For the full story, click here.