A recent article published to Beta News has compiled the findings of several studies and reports to reveal some intriguing business trends. According to the publication, a CIF report shows that 63 percent of businesses intend to one day shift their entire IT infrastructure to the cloud, while findings from a Fuze study show that just 10 percent of businesses currently operate with an entirely cloud-based model.

The transition to the cloud allows businesses to function with greater flexibility, speed and customization. And while the move requires some investment, the long-term savings are expected to allow small and midsized businesses to grow.

A 2015 report cited by the Beta News article, which was commissioned by the Global Center for Digital Business, asserts “That executives expect that 4 out of the current 10 market leaders will be replaced by new businesses who focus on agility and innovation by 2020.”

Of course, the movement to the cloud is not a simple undertaking that is accomplished on a whim. A study conducted by Oracle recently revealed that 62 percent of executives have difficulty aligning IT projects with business goals. Not only does the disparate vision lead to the paralysis of many IT-based decisions, it also leads to a higher reliance on legacy systems, which are often purchased for business reasons without consent or input from IT departments.

Other barriers to the transition include cost and security concerns. While the former issue posed a legitimate short-term problem for some businesses, the latter primarily comes from inaccurate preconceptions.

But despite these barriers, many companies are beginning to prioritize cloud usage. In a report from RightScale, 53 percent of businesses cited the transition as a priority in 2017. The general feeling among these businesses is that while the movement to the cloud is not easy or straightforward, missing out on the benefits will ultimately be detrimental to their chances of success as an organization.