Adopting cloud computing has played a vital role in driving various groundbreaking technology trends, including AI, IoT, and remote/hybrid working.
It is expected to continue facilitating the advancement of more technologies in the future, such as VR/AR, cloud gaming, the metaverse, and quantum computing.
Senior executives are planning to increase their investment in cloud technology due to the growing demand for generative AI, according to a survey conducted by HCLTech, as reported by Annapurna Roy and Romita Majumdar in The Economic Times.
According to a survey among 500 senior executives from 17 sectors across the Americas, Europe, and Asia-Pacific, 34% of businesses use generative AI and plan to increase its usage in the coming year.
Additionally, the report highlights that over 80% of these executives acknowledge the significance of cloud technology in facilitating generative AI.
In the past three years, leaders have been required to change their business strategies at least twice. An overwhelming 87% of these leaders stated that with cloud technology, they were able to make significant strategy changes last year. It highlights the crucial role that cloud technology plays in enabling organizations to switch strategies swiftly.
A recent survey conducted by Infosys found that more companies are now utilizing cloud solutions to boost business growth rather than just for cost savings.
The survey included 2,500 respondents from around the world. According to the report, a significant increase of 75% was observed in the number of companies using three or four cloud vendors, which now accounts for almost 65% of the surveyed firms, compared to the previous year.
The report also indicates that businesses aim to simplify their cloud strategy and have only used less than half of their cloud commitments, leaving over $300 billion of cloud resources unutilized.
