SOURCE: Piston Cloud Computing, Inc.

Piston Cloud Computing, Inc.

June 19, 2014 09:05 ET

Piston Joins North Bridge Venture Partners, Gigaom Research, and Industry Collaborators to Unveil Results of the 2014 Future of Cloud Computing Survey

SAN FRANCISCO, CA--(Marketwired - Jun 19, 2014) - Piston Cloud Computing, Inc., the enterprise OpenStack® company, today announced its role as a collaborator in releasing the results of the fourth annual Future of Cloud Computing Survey, conducted by North Bridge Venture Partners, Gigaom Research, and supported by more than 70 other collaborating organizations.

This year's survey is the largest to date, and is the industry's deepest and broadest examination of the cloud technology revolution. It analyzed the inhibitors and drivers behind cloud adoption, separating the hype surrounding the cloud from genuine industry trends and real world cases across a sample of 1,358 respondents. See the complete findings slideshow here: 2014 Future of Cloud Computing survey, along with analysis and commentary on the results here: http://mjskok.com/resource/2014-future-cloud-computing-4th-annual-survey-results.

"With four years of data, we're now really beginning to see some interesting trends, such as the five-fold increase in SaaS adoption to 74% and the nearly six-fold increase in PaaS adoption to 41%," said Michael Skok, founder of the Future of Cloud program and General Partner, North Bridge Venture Partners.

Select Highlights from the Survey Data

  • 49% of respondents in this year's survey are using cloud to fuel revenue generation or new product creation.
  • 56% of businesses are using Infrastructure-as-a-Service (IaaS) technologies to harness elastic computing resources.
  • 41% of businesses are using Platform-as-a-Service (PaaS) technologies to prototype and develop new applications.
  • Two thirds of respondents believe their data will come to reside in some form of cloud over the next two years as bigger data needs consolidation and collaboration & creation go online.
  • Interoperability saw a significant decrease from 27% last year to 17% in 2014 with greater attention being paid to issues like data portability.
  • Fear of vendor lock-in was still 29%, which has increased interest and adoption in open source cloud projects like OpenStack.

"In the majority of situations, agility, reduction in capital expenditures, and reduced operating expenditures were the primary drivers of cloud adoption," said Jim Morrisroe, CEO of Piston. "We also expect to see an increase in cloud adoption as a result of the recent explosion in big data analytics, next-gen web application development, and line of business innovation."

Transition To Cloud - The First Cloud Front
"This wave of cloud computing that's revenue and new business driven is good news for long-suffering IT execs," said David Card, Vice President of Gigaom Research. "If they can offload tedious but necessary cost-center functions, and refocus resources on cloud-driven new business, they might be able to retake their seat at the C-table."

"Even though it's largely just a transition of existing apps, the first cloud front has rolled in confidently each year as existing applications transition to the cloud and are adopted as SaaS solutions. Cloud is now integral to business with 45% of executives saying they currently or plan to run their business in the cloud," said Michael Skok, General Partner at North Bridge Venture partners.

Transformation In The Cloud - The Second Cloud Front
"With over 11,000 Cloud Services / APIs, and developer adoption of IaaS at 56% and PaaS at 46% respectively we are going to begin seeing the birth of new, re-imagined, cloud-native applications," said Skok. "These applications, which are only possible in the cloud, will result in an order of magnitude greater value creation than the first cloud front. This second cloud front will be transformative."

For more about this second cloud front please visit the "2014 Future of Cloud Computing" results page.

Data Wants To Be Bigger In The Cloud
"If you get your head out of the sand and into the clouds you'll see the explosion of cloud-created data. It's not just big data it's exhaustive data, as everything from clickstreams to commerce and personal cloud lockers create exabytes of data. According to Cisco, personal, cloud-carried data alone is estimated to grow from 1.7 exabytes in 2012 to 20 exabytes by 2017," said Skok.

2014 Future of Cloud Computing Survey Collaborators

         
1. 451 Research
2. Acquia
3. Actifio
4. Akamai
5. Apperian
6. Amazon Web Services
7. Backupify
8. Black Duck
9. Brightcove
10. Bromium
11. BTI
12. Canonical
13. Carbonite
14. Chef
15. Cirro
16. Cisco
17. Citrix
18. Cloud Elements
19. CloudBees
20. CoreDial
21. CloudHealth Technologies
22. CloudNow
23. CloudVolumes
24. Couchbase
25. Demandware
  26. Dyn
27. Endurance International
28. Engine Yard
29. Egenera
30. Equinix
31. Eucalyptus
32. 451 Research
33. Gravitant
34. Imprivata
35. Intel
36. Internap
37. Intuit
38. Jamcracker
39. MassTLC
40. Microsoft
41. Mimecast
42. Nasuni
43. Newforma
44. Open-Xchange
45. Pax8
46. Piston Cloud Computing
47. Plexxi
48. Rackspace
49. Ramp
50. Red Hat
  51. Reval
52. Rift-IO
53. RightScale
54. Salsify
55. Saucelabs
56. Scribe
57. Signiant
58. Silver Sky
59. SnapLogic
60. 6fusion
61. Sharethrough
62. SpringCM
63. Stratus
64. SumoLogic
65. SurveyMonkey
66. THINKStrategies
67. TradeGecko
68. Unidesk
69. VDX
70. Verizon
71. Virtustream
72. WPEngine
         

Supporting Links

Additional Resources

About North Bridge
North Bridge Venture Partners and North Bridge Growth Equity are active partners with entrepreneurs providing seed-to-growth financing for innovative companies looking to disrupt big markets. With $3.5 billion in capital currently under management, North Bridge partners, many founders themselves, work with entrepreneurs to apply their expertise in the creation, operation and scaling of market-leaders. The firm has funded more than 170 companies creating many billions in market value. Among those firms are Acquia, Actifio, Cool Planet, Couchbase, Demandware, Mavenir Systems, Paydiant, Proto Labs, Reval and Starent Networks. The firm has offices in Waltham, MA and Palo Alto, CA. To learn more about North Bridge go to http://www.northbridge.com. For more information on the Future of Cloud Computing program, visit: http://mjskok.com/resources/cloud-computing. Follow us at @North_Bridge.

About Piston Cloud Computing, Inc.
Piston Cloud Computing, Inc. is the enterprise OpenStack® company. Founded in 2011 by OpenStack founders from NASA and Rackspace®, Piston makes software that uses advanced systems intelligence to orchestrate an entire private cloud environment using commodity hardware. Piston is an OpenStack Foundation Gold Member, based in San Francisco, and funded by True Ventures, Hummer Winblad, Swisscom Ventures, Cisco Systems, Inc., Data Collective, and Divergent Ventures. Visit Piston online at www.pistoncloud.com.

Contact Information