By Gregory Pings, manager of Content Marketing for Xerox

(This article is a summary of “What is the Business Value of the Corporate Cloud?” which was published on Real Business earlier today.)

“Cloud” has been a buzzword since the start of this decade. The next few years will be crucial in finding out whether the cloud can live up to its hype, both in the storage of massive amounts corporate information, and keeping that data secure.

That’s why tech executives and thought leaders, such as Xerox CIO Stephen Little, descended upon San Francisco recently for Oracle OpenWorld.

The cloud is a deployment option that  provides an opportunity to produce consistency and efficiency, and help simplify complex IT infrastructures. For example, Xerox will deliver a global platform for human resources management for our nearly 145,000 employees worldwide. The project is funded and in the early stages. It’s great example of partnership between IT and the business. Little says we are tightly aligned in both groups and committed to executing this strategic initiative.

“We need to simplify that [IT] environment, and we have a very significant effort right now… to drive consistency for our business,” Little told the audience at Open World.

He stressed that partnership with Xerox’s HR leadership is a big reason a project of this scale is succeeding. “We call it Two in a Box,” he said, referencing broad IT/HR collaboration. “It’s the only way to be successful in large, complex projects like this.”

More Information About The Cloud

Read “What is the Business Value of the Corporate Cloud?” on RealBusiness.com.

Watch Oracle CEO Mark Hurd’s keynote at Oracle Open World and see where the cloud is going. This hour-long on-demand video features insights from several technology executives. The segment with Xerox CIO Stephen Little begins at about the 43:30 mark. Playback seems to work best over a wireless network.