Indian executives investing in hybrid multi-cloud to drive business
transformation finds IBM survey
• The value derived
from hybrid, multi-cloud platform technology and operating model at scale is
2.5 times the value derived from a single platform, single cloud, survey reveals
• Public cloud spend
to reduce from 50 percent share today to 43 percent by 2023
• By 2023, Indian
organizations expect to be using an average of 10 clouds, however, only 29
percent of businesses have holistic multi-cloud management strategies in place
Tech Trends revealed
in the survey:
• Globally, 64% of
advanced cloud companies recognize the need for enterprise transformation and
application modernization to go hand-in-hand, 2.6
times higher than the respondents from
• Globally, 68% of
businesses on advanced cloud journey are building an open-source cloud
platform, compared to 46% of
• The survey report
identifies businesses that recognize the strategic importance of Cloud, which
comprise 13 percent of the global surve respondents, two percent of which are
from
• Organizations in
• 31% of IT executives
in
• Enterprises in
• Indian executives
get over 2.6x of their investment in cloud management over a period of 10 years.
Business executives in
According to the
survey respondents, 17 percent of their IT spend is allocated to cloud at
present and they plan to increase the share of spend on hybrid from 42 percent
to 49 percent by 2023. The majority of their cloud budgets are being allocated
to hybrid cloud platforms even as their public cloud spend is set to reduce
from 50 percent share today to 43 percent by 2023. Most industries will exhibit
growth in the number of clouds they will deploy, which can go up to 10 clouds
particularly in insurance, telecommunications and retail as these industries
will continue to expand multiple cloud deployments in the next three years.
Further, the study
confirmed the return on investment (ROI) of a platform approach as respondents
said that the value derived from a full hybrid, multi-cloud platform technology
and operating model at scale is 2.5 times the value derived from a single
platform, single cloud vendor approach. In fact, the platform approach is cited
as accelerating value with scale.
In
The survey was conducted from February to April 2020 by the
IBM Institute for Business Value in collaboration with Oxford Economics and
covered 6,000 executives globally including 412 executives from