In the cloud, cloud service providers (CSPs) manage the infrastructure they control — where organizational data and applications are stored — and perform the patching and updates so that the applications they use remain current.

These advantages are not inconsiderable, and executives are taking note. Among respondents to a recent Oracle/KPMG survey, 40 percent said they feel more secure having their data, applications, and operations on the public cloud than on premises.

That’s good news to chief financial officers, who covet the shift from a capital expenses spending model (“CapEx”) to one focused on operational expenses (“OpEx”).

CFOs tend to…

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