We are at a tipping point where the cloud is no longer a destination, but an innovation platform. Once characterized just by the efficiencies gained, the cloud is now the catalyst for disruptive business transformation.
Cloud conversations have shifted to higher business value and accelerating new innovative business models and processes. This convergence, along with new entrants, is causing major disruptions across industries. Using the cloud, organizations can extract maximum value from their data and apps, use new sources of data, such as video and the Internet of Things (IoT), and take advantage of an open hybrid cloud to increase the speed of new innovations.
One of the biggest successes in this transformation has occurred in the area of application development. IBM alone now has more than 20,000 developers signing on every week on our cloud. Evans Data forecasts there will be more than 25 million cloud developers by 2020. And Gartner researchers estimate that more than 90% of new applications will be built for cloud delivery.
These trends, along with the adoption of hybrid clouds, are converging rapidly. Market research firm IDC says 80% of organizations are headed to hybrid models, which integrate any cloud or any existing system they might have on premise.
An open source renaissance has coincided with the rise of the cloud. Open source technologies and practices enable an army of geographically dispersed developers to learn common development techniques. Bringing together this broad base of talent working on a common goal significantly speeds development time and time to market.;