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The enterprise world is moving to a cloud-first future, not only because of the evolution of core technologies but because of the transformation of businesses to meet the demands of the new-age


Building enterprise capabilities for success in a cloud-first future

Building enterprise capabilities for success in a cloud-first future

In the last few years, we’ve seen significant cloud adoption beyond mainstream technology companies across diverse industry sectors. The IT ecosystem has also moved from debating the efficacy of cloud computing to strategizing enterprise digital transformation– essentially, from why to when and how.

According to a report, the global cloud services market was valued at $264.8 billion in 2019 and is projected to reach $927.51 billion by 2027, growing at a CAGR of 16.4%. The pandemic has accelerated digital transformation and cloud adoption across domains as businesses are looking to realign strategies while maintaining business continuity.

A cloud-first future

The enterprise world is moving to a cloud-first future, not only because of the evolution of core technologies but because of the transformation of businesses to meet the demands of the new-age, connected digital ecosystem. And cloud enables that transformation.

But before we dive into the cloud advantage, let’s look at how multiple businesses are evolving.

Segment of one – Today’s digital businesses need to leverage the power of insight-driven personalization to understand customer requirements and build a ‘segment of one’. This hyper-personalization, quite apparent in online retail, for example, uses predictive analysis based on large volumes of transactional and operational data. Also, the growth of e-commerce is boosted by the rapid progress of hyperlocal marketplaces for products and services and digital payments infrastructure. Enterprise are building themselves to serve the market segment of one.

Environmental sustainability is key – One of the new competitive battlegrounds for organizations to win the confidence of customers, partners, and governments is environmental sustainability. While many technology providers are committed to improving energy efficiency and lowering their carbon emissions, they are also helping customers and partners succeed with their own sustainability objectives. Technology is playing key enabling part in making the organizations carbon neutral.

Article: Building enterprise capabilities for success in a cloud-first future

 

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