The cloud may not save you money.

• Position: STUDY - Cloud computing - Brief article

More than half of organizational users saved little or no money after moving to the cloud, a new study reveals, and only 14% actually were able to reduce their IT departments after doing so.

Federal IT officials have said they would save about $5 billion annually by 2015 by moving about one-quarter of the government's $80-billion annual IT budget to private, public, and hybrid clouds, Nextgov reported.

But maybe not, according to the study, funded by government IT vendor CSC and conducted by market research firm TNS.

Their study found about one-fourth of 3,500 public and private organizations surveyed reported no savings with cloud computing, and about 35% saved less than $20,000. TNS interviewed respondents in Australia, Brazil, England, France, Germany, Japan, Singapore, and the United States.

According to Nextgov, U.S. officials said the government's use of cloud computing wouldn't cost IT jobs because those staffers...