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The race to cloud: Reaching the inflection point to long sought value

January 10, 2023 10-MINUTE READ

RESEARCH REPORT

In brief

Unlocking the next level of business opportunity with cloud

86%

of companies report an increase in the volume and/or scope of their cloud initiatives since 2020.

57%

of total IT resources spent on maintenance.

An unprecedented commitment to cloud

Full value on the horizon

Who’s achieving more?

Less than half of the companies we surveyed claimed they were getting everything they were expecting from cloud. Compare to see what global respondents in your industry are saying.

vs.

Percent of respondents who report that they have "fully achieved" their expected cloud outcomes:

2022
2020

Top 3 most fully achieved outcomes

Embracing the Cloud Continuum

Navigating a collection of stubborn barriers

Cracking the value code

1. Pursue business and industry advantage

Utilize cloud as a force for change. Prioritize use cases according to time-to-value and align investments with emerging business strategies.

2. Design and orchestrate in the Cloud Continuum

Embrace cloud as an operating model and strategic enabler. Focus on adopting the right mix of capabilities and services across the Cloud Continuum.

3. Unleash new value from data and AI

Data excellence is the new frontier of industry competitiveness. Generating the right insights will help companies compete and grow sustainably.

4. Reimagine your operating model and people

Technology alone will not sustain cloud value. Companies must transform their people and processes to thrive in the Cloud Continuum.

5. Master cloud economics

Companies must master and optimize their cloud spend with transparency and oversight, and shift the conversation from cloud cost to cloud value.

Conclusion