Key Factors for Implementing the Cloud

(From FEI) By preparing for the widespread adoption of cloud technology, leaders can potentially drive change not just across financial functions but the organization at large. As cited in Deloitte’s recent CFO guide to cloud report, cloud technologies can provide organizations the crucial ability to adapt in real-time and improve data analysis for essential tasks related to financial reporting, marketing and more. FEI analyst Matt Schwenderman recommends paying attention to three key factors.

1. Innovation. Companies can use the cloud to accelerate data solutions, advanced analytics, machine learning, and more, to create a culture of continuous improvement.
2. Necessity. As more organizations shift investment and attention toward the cloud, those without it could become stuck with outdated legacy systems.
3. Cost. CFOs can recoup their investment and eventually see decreased operational costs with cloud technology.

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