There may be several reasons as to why a business chooses to implement the cloud, though a new report by hopes to shed some light on why companies move to virtual space.

The two most popular reasons company CIOs migrated data to the cloud are to reduce IT costs and upgrade IT infrastructures. Experts say the platform saves a business money by outsourcing all of a company's data to a managed third-party service, allowing clients to pay for the capacity they need. This effectively replaces bulky and expensive servers as a business necessity, saving valuable resources.

Furthermore, the cloud enables businesses to expand their computing powers quickly as automatic software updates can be downloaded virtually. This also ties into the cost cutting line of thought, for whenever a company wishes to upgrade its IT resources it can do so virtually, rather than pay for new on-site infrastructure.

According to the news source, virtual applications for businesses and the speed at which these programs can run also played a large role in influencing cloud migration decisions.

New cloud initiatives geared at businesses may also encourage cloud implementation. According to Google, its Chromebook will run a virtual operating system and can be leased to companies for a small monthly fee.