Survey: Companies struggle to calculate cloud ROI

The cloud has been labeled by many in the computing industry as a way to save a business money and IT resources. However, because the technology is so new, CIOs preparing financial reports about cloud implementation are having a difficult time measuring their return on investment.

In a new survey conducted by the Open Group, it was found that 60 percent of the businesses participating in the study "do not currently have an ROI mechanism in place" for cloud computing.

The group asserts that this inability to measure the cloud's impact is not because the platform is ineffective, but rather its revolutionary nature has not yet been fully accounted for by financial analysts.

"The survey shows that users recognize that cloud computing will impact their business processes, but that they are not yet prepared to handle that impact or, in many cases, even to measure it," claims the report.

However, the cloud is expected to become a major part of commercial enterprises from now on. According to a study by Information Week Analytics, cloud adoption among businesses has risen by 10 percent in the last year.