Adoption of Cloud Computing: A Key Performance Analytics for Financial and Technological Firms

Abstract

Cloud computing provides a stable and highly customizable infrastructure to firms which can enable them to expand their businesses while adding more value and efficiency to their operations. The primary aim of this research is to investigate if the adoption of cloud computing has a positive impact on the performance of the firm. The adoption of cloud computing is discussed with the context of its three factors: Human (Personal innovativeness, IT/IS competence, High-Performance computing), Organizational (Top management support, Organization cultures), and Environmental (Server location and Regulatory Support) to understand its influence on the performance of the firm. For this purpose, the study has devised a survey questionnaire, for which the data has been collected from 200 individuals working in the financial and information technology industry of Pakistan. The results are analyzed using statistical tools SMART PLS. The findings of this research indicate that top management support, regulatory support, personal innovativeness and IT/IS competence has a positive impact on the adoption of cloud computing. However, no significant relationship was found between three variables (HPC competence, Organization Cultures and Server Location) on the adoption of cloud computing. However, the study concludes that the adoption of cloud computing has a positive impact on the performance of the firm.