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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) -- 06/19/14 -- 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              26. Dyn                     51. Reval
2. Acquia                    27. Endurance International 52. Rift-IO
3. Actifio                   28. Engine Yard             53. RightScale
4. Akamai                    29. Egenera                 54. Salsify
5. Apperian                  30. Equinix                 55. Saucelabs
6. Amazon Web Services       31. Eucalyptus              56. Scribe
7. Backupify                 32. 451 Research            57. Signiant
8. Black Duck                33. Gravitant               58. Silver Sky
9. Brightcove                34. Imprivata               59. SnapLogic
10. Bromium                  35. Intel                   60. 6fusion
11. BTI                      36. Internap                61. Sharethrough
12. Canonical                37. Intuit                  62. SpringCM
13. Carbonite                38. Jamcracker              63. Stratus
14. Chef                     39. MassTLC                 64. SumoLogic
15. Cirro                    40. Microsoft               65. SurveyMonkey
16. Cisco                    41. Mimecast                66. THINKStrategies
17. Citrix                   42. Nasuni                  67. TradeGecko
18. Cloud Elements           43. Newforma                68. Unidesk
19. CloudBees                44. Open-Xchange            69. VDX
20. CoreDial                 45. Pax8                    70. Verizon
21. CloudHealth Technologies 46. Piston Cloud Computing  71. Virtustream
22. CloudNow                 47. Plexxi                  72. WPEngine
23. CloudVolumes             48. Rackspace
24. Couchbase                49. Ramp
25. Demandware               50. Red Hat

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.

Media Contacts
North Bridge:
Eric Jones
917.488.4214
[email protected]

Piston:
Kelly Indrieri
415.971.3181
[email protected]

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