Cloud computing

McKinsey: Cloud adopters hobbled by ‘on-premises computing’ mindset Some CFOs and their C-suite colleagues botch the move to cloud computing because they hold on to an outdated financing and management mindset that took root during years of managing on-premises technology, McKinsey has said. “That thinking has proven hard to change for many companies, with economic and financial models grounded in decades of traditional IT practices that are based on ‘owning’ IT instead of ‘consuming’ it,” McKinsey said. “Companies are developing business cases, negotiating contracts and making economic calculations that don’t take into account the different financial approaches and models that are specific to the cloud,” the consultancy added.