Agencies could save $20.5 billion annually by moving software application development to the cloud, according to a report released Wednesday.
By moving to a platform-as-a-service model agencies can cut average project development time by 31 percent, according to a report by public-private IT partnership MeriTalk.
Gunnar Hellekson, the chief technology strategist for the public sector at IT company Red Hat, which sponsored the study, said platform-as-a-service saves agencies time — which translates into huge savings.
“In an era of federal budget cuts and continued belt tightening, this new way of software development and deployment represents a significant opportunity for agencies to be more agile and much more fiscally responsible,” Hellekson said.
MeriTalk also surveyed 153 federal IT executives and found:
■95 percent believe their agency would benefit from platform-as-a-service through reduced costs and improved security.
■Only 12 percent use platform-as-a-service today but 71 percent are considering using the technology.
■Nearly half feel they are missing out on new opportunities because they are “locked” into current contracts.