Many middle market companies today are taking advantage of cloud computing to accomplish routine tasks like payroll and procurement, rather than investing in costly software and equipment. Using cloud computing in this way allows companies to improve transaction speed and security while controlling capital costs.
CIT’s recent article, "Cloud Computing Innovation: New Channels for the Middle Market,” details the ways that "cutting the technology cord" can be beneficial to middle market companies.
The article quotes Frank Nazzaro, Senior Vice President for Information Technology at CIT on the on-premises-to-cloud trend, “Why invest in a depreciating asset knowing it will soon be obsolete? The cloud has the potential to insulate you from this cycle.”
The article also offers several tips for CIOs as they manage a transition to cloud computing infrastructure.
Read more here.