Ask any cloud service provider about the advantages of taking assets off-premises and you’ll likely hear a slew of familiar statements, such as how cloud is more secure and easily manageable than on-premise solutions. But above all else, a majority of IT professionals are interested in switching to the cloud to reduce overall costs and improve company efficiencies, according to a new survey from hybrid cloud financial management software provider Cloud Cruiser.

The survey, called "Managing the Business of Cloud", was conducted by Dimensional Research during Microsoft Ignite 2015 in Chicago, where the company polled 279 IT professionals about their main reasons for wanting to migrate company assets to the cloud. Overall, 92 percent of participants said they were looking to implement a cloud adoption strategy.

When asked what particular benefits were most attractive to them when moving their businesses to the cloud, a combined 50 percent of respondents said they hoped to reduce overall costs and improve their IT efficiency, according to the survey. Seventy- two percent said tracking cloud usage and costs is either extremely important or very important to their IT function across all cloud deployment models.

“This latest survey is representative of what we are seeing in the market with our partners and enterprise customers,” said Deirdre Mahon, chief marketing officer at Cloud Cruiser, in a statement. “Once an organization gets serious about cloud, they quickly hit a wall in terms of tracking usage and gaining full control on forecasts - essentially delivering services with efficiency and agility.”

While its not overtly surprising that companies want to use the cloud to save money, what is interesting is how IT professionals would use consumption and cloud usage information to boost their efficiencies. About 57 percent of respondents said they would use this information to improve their overall IT forecasting, with another 39 percent using the data to compare costs across different cloud service platforms.

Other areas where respondents hoped to utilize this information was in implementing showback and chargeback, expanding their ability to provide on-demand or self-service access to the cloud, and to better match allocation vs. utilization.

The survey also indicated that many IT professionals still have a ways to go in effectively tracking cloud metrics, as only 45 percent said their ability to chart useage and costs are either very good or excellent. This signals that although cloud services are increasing steadily in popularity, there are still many hurdles to overcome if companies hope to be truly effective in monitoring their remote implementations and determining whether or not they are maximizing the benefits available to them.