February 2014 from computer economics – “…The study finds that organizations fully utilizing cloud computing save on average more than 15% in IT spending, whether measured as a percentage of revenue or on a per-user basis, as shown in Figure 2 from the full study. Detailed analysis of respondents’ IT spending mix shows that the savings come not only from a reduction in data center spending but also in IT personnel costs.
As a result of these economic efficiencies, cloud users are able to devote a higher percentage of their IT spending to new initiatives and less to ongoing support. The cost savings, combined with strategic benefits in speed, scalability, and agility, argue in favor of organizations moving aggressively to the cloud…”
180 View – You can bet that an on premise vendor will be able to show you statistics with the exact opposite findings. In our opinion, there is currently a high price tag to get on the cloud for ERP systems but as the price comes down, more organizations will go up.