Report: 78% of executives have adopted the cloud, but not everyone sees value

by Janice Allen
0 comments

View all on-demand sessions from the Intelligent Security Summit here.


Business leaders today understand the critical role of the cloud in helping them achieve business goals. A new report from PwC found that 78% of leaders have deployed cloud in most or all areas of their business; however, only 10% see the full impact.

Companies that are truly cloud-driven have realized the full potential of the cloud. Such cloud-powered organizations are reinventing their business through the cloud, experiencing fewer barriers to achieving value and expecting revenue growth of 15% or more despite the current business environment.

The reports show that companies seeking to achieve cloud-powered status can focus on four data-driven steps:

Go for a holistic approach

Cloud-powered companies are twice as likely to adopt a nonlinear cloud approach, meaning they can move from workload migration to asset modernization and cloud-native development. They apply the method that makes the strongest business case for their goals and stick to it.

Event

Intelligent Security Summit on demand

Learn the critical role of AI and ML in cybersecurity and industry-specific case studies. Check out on-demand sessions today.

Look here

Work with the C-suite

More than 85% of CIOs at cloud-powered companies report stronger alliances with C-suite members compared to CIOs at other companies. The report found that cloud-powered companies are prioritizing their relationships with Chief Human Resource Officers (CHROs) to help hire appropriate talent and provide adequate training.

Choose a formal data strategy

Cloud-powered companies recognize that data is at the heart of transformation efforts: 88% report having an enterprise-wide data strategy, compared to 59% of other companies. This allows cloud-powered companies to develop a streamlined architecture that allows them to modernize data into an integrated view, create government structures, and develop the skills needed to become data-driven.

Keep trust at the heart of cloud adoption

Anchoring trust in cloud projects is essential. Cloud-powered companies achieve this by considering the potential risks the cloud can pose during all phases of transformation: 82% have dedicated cloud management resources and 78% have formal and separate cloud controls.

Most companies today consider themselves “in the cloud,” but to truly achieve cloud-powered status, organizations must take a holistic approach to cloud adoption.

PwC surveyed 1,010 US business leaders for its Cloud Business Survey 2023. Read the full report.

VentureBeat’s mission is to become a digital city plaza where tech decision makers can learn about transformative business technology and execute transactions. Discover our Briefings.

You may also like

All Right Reserved Businesskinda.com