A majority of executives polled by Deloitte (60.9 percent) believe cloud computing will be a transformative technology in the industry and can drive financial benefits, or at least be useful for certain kinds of enterprise services. Cloud computing enthusiasm was somewhat tempered by executives’ concern over security and privacy, as 34.6 percent cited these issues as the largest considerations for adopting cloud computing in their organizations. In addition, 22.1 percent of respondents identified data controls and ownership, as well as audit and assurance, as key adoption issues.

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Cloud Computing a Transformative Technology With Financial Benefits; Security Concerns