Report: 78% of executives adopted cloud, but not all are seeing value
source link: https://venturebeat.com/data-infrastructure/report-78-of-executives-adopted-cloud-but-not-all-are-seeing-value/
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
Report: 78% of executives adopted cloud, but not all are seeing value
Check out all the on-demand sessions from the Intelligent Security Summit here.
Business leaders today understand cloud’s critical role to help them achieve business goals. A new report from PwC found that 78% of leaders have adopted cloud in most or all parts of their business; however, only 10% are seeing the full impact.
Enterprises that are truly cloud-powered have realized the cloud’s full potential. Such cloud-powered organizations are reinventing their business through cloud, experiencing fewer barriers to reach its value and expect revenue growth of 15% or greater despite the current business environment.
The reports shows that companies seeking to reach cloud-powered status can focus on four data-backed steps:
Take a holistic approach
Cloud-powered companies are two times more likely to take a nonlinear cloud approach, meaning they can go from workload migration to asset modernization to cloud-native development. They are applying the method that makes the strongest business case for their goals and sticking with it.
Event
Intelligent Security Summit On-Demand
Learn the critical role of AI & ML in cybersecurity and industry specific case studies. Watch on-demand sessions today.
Collaborate across the C-suite
More than 85% of CIOs at cloud-powered companies report stronger alliances with members of the C-suite compared to CIOs at other companies. The report found that cloud-powered companies prioritize their relationships with Chief Human Resource Officers (CHROs) to help with hiring appropriate talent and providing adequate training.
Adopt a formal data strategy
Cloud-powered companies recognize data is at the heart of transformation efforts: 88% report having an enterprise-wide data strategy, compared to 59% of other companies. As a result, cloud-powered companies can develop a streamlined architecture that allows them to modernize data into an integrated view, create government structures and build the skills needed to become data-driven.
Keep trust at the core of cloud adoption
Embedding trust into cloud projects is key. Cloud-powered companies achieve this by considering the potential risks cloud could pose during all stages of transformation: 82% have dedicated cloud governance resources and 78% have formal and distinct cloud controls.
Most businesses today consider themselves to be “in the cloud,” but to really achieve cloud-powered status, organizations need to take a holistic approach to cloud adoption.
PwC surveyed 1,010 U.S. business executives for its 2023 Cloud Business Survey. Read the full report.
VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Discover our Briefings.
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK