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In fact, a recent Gartner report on cloud expenditure found that cross-industry cloud spend has risen from 8% as a percentage of total IT spend in 2018 to 16% in 2022. Companies are now making a decisive shift from traditional on-premises Oracle software to Oracle’s cutting-edge cloud solutions.
The survey also asked what steps organizations have taken to implement GASB 87, and most of the respondents have read the standard but only a few had implemented it using software. When: The deadline to comply with the new standard is for fiscal years beginning after June 15, 2021. Hint the auditors probably have it right!)
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