Cloud computing to change procurement

Digital transformation is crucial to any modern organisation whether public or private. It is at the core of the digital single market to ensure global economies reap the socio-economic benefits of new technologies.

Cloud computing has potential to reduce IT expenditure and boost organisational agility while also improving the scope for delivering high-quality new services. Experts have defined cloud computing as storing and accessing data and programmes over the internet instead of your computer’s hard drive. Barriers to adoption of cloud services range from the shift to new procurement processes to match the cloud’s on-demand model, lack of trust and security, lack of mature technical standards, to complex legal terms and fear of vendor lock-ins.