The use of cloud-based storage has increased 90 percent from January 2012 to June of this year, according to “The 2013 State of the Enterprise Cloud Report” from Verizon, and the use of cloud-based memory has doubled, driven by the shift of business-critical applications to the cloud.

Nearly half of respondents to a survey by the Economist Intelligence Unit, which included insurers, said they evaluate cloud options before traditional models when considering new investments, Verizon said in the report. Drivers include the ease of managing expenses related to reserving and dedicating capacity; provisioning; regulatory compliance and industry standards with Payment Card Industry (PCI) and Good Anything Practice (GxP); reducing the time, cost and risks of managing inhouse IT; increased performance of web-based and other applications; and accessibility, as the users are able to work from most anywhere with most any device.

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