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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:
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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.
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.
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