[ICTinfo] Only a minority of cloud companies are making the most of their transformation
Date of publication: 14.3.2023Although still in the minority, cloud-based businesses are a good global example of effective operations transformation, according to PricewaterhouseCoopers (PwC), a consultancy firm. Although the shift to cloud-based operations is steadily increasing worldwide, only a minority of companies are managing to make the most of their transformation. In fact, 78% of the more than 1,000 CEOs surveyed confirmed that they had implemented cloud technologies in "most parts of the business" or "all parts of the business", but only 10% felt that they had fully exploited the potential to improve operations and gain tangible benefits. Cloud-based businesses are four times more likely to face no barriers to achieving cloud transformation, enabling them to significantly improve organisational resilience, productivity and decision-making, and deliver significant cost savings, according to PwC. Cloud-based businesses are twice as likely to take a layered, non-linear approach to transformation. They are also much more likely to have a formal data strategy for the whole organisation, with 88 per cent having a clear vision in place, compared to 59 per cent among other companies. Governance is a key concern for cloud companies, with as many as 80 per cent having governance resources in place.
The economy, manufacturing, education and other sectors have been subject to increased pressures and changes in recent years as a result of the pandemic and the measures taken to contain it, as well as the Russia-Ukraine war, as confirmed by various surveys and analyses. The Information and Communication Technologies (ICT) sector is also exposed to similar changes, but at the same time it is able to monitor, assess and control changes not only in its own sector but also in all other sectors, which has been a valuable help to all of them in recent years.
ICT helps businesses and institutions in all industries to organise work, adapt operations, streamline operations, process data, evaluate results, predict trends and discover new opportunities. And they enable schools and universities to implement hybrid forms of teaching and meaningful digitisation of learning processes.
This is why we have decided to publish regular summaries of information, assessments, analyses and studies by research and analyst companies that can help everyone to better monitor, learn about and understand changes and trends and to adapt more successfully to the new ICT era.
Prepared by the Chair of Information and Communication Technologies in collaboration with Esad Jakupović
