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HARRISBURG, PA -- (Marketwired) -- 04/16/13 -- As the CEO of iGATE -- a comprehensive IT and business development firm -- Phaneesh Murthy is committed to pioneering the way for new discoveries in technology. For this reason, he has led his company to provide solid services in the increasingly popular field of cloud computing and remains focused on what this technological development could do for businesses located around the globe. Murthy explains that cloud computing can offer companies convenience, security, as well as an opportunity to decrease spending -- funds that, according to a recent Forbes article, can be reinvested into business development strategies.

According to Forbes, "Rackspace recently commissioned a study with market research firm Vanson Bourne, who surveyed 1,300 organizations in the UK and the U.S., including 1,000 Small & Medium Enterprises (SME) and 300 enterprises with 1,000 employees or more." The survey assessed cloud computing strategies and related cost benefits among businesses in a variety of industries, and found that use of the data technology has been leveraged by companies for a wide variety of benefits. The article explains, "While cost reductions were significant, the greatest contributions were seen in investments in innovation (48 percent), new product & service development (45 percent), and boosting sale efforts (38 percent)."

Phaneesh Murthy responds to the new data, "Although cloud computing is relatively new, it is exciting to see that businesses are embracing the technology and actively applying its benefits towards business growth. As this progressive technology evolves, it is my hope that more businesses will grow satisfied with the amount of development cloud computing can offer." In fact, according to Forbes, the technology is not only a benefit to existing businesses, but also to start-ups that can use the freed up funds for other development strategies.

As a business development professional, Murthy remains focused on the end results of IT solutions. As such, he is encouraged by the survey's finding that "62 percent of respondents state that cloud computing is enabling their organizations to invest more money back into their businesses" and that "cloud computing improved profits by an average increase of 22 percent according to the study." According to Phaneesh Murthy, these statistics are likely to improve as the technology grows in its abilities.

ABOUT:

Phaneesh Murthy is the chief executive officer of iGATE, a pioneering firm that seeks to provide business outcomes through proprietary methods of technological integration. Having worked with more than 300 active global clients, iGATE has a strong understanding of the modern business world and its needs. iGATE is the pioneer in delivering business outcomes-based solutions where the clients pay for results they achieve and not for the efforts and time put in by the iGATE team. Murthy is both the firm's leader and its public ambassador, frequently opining on the latest trends shaping IT.