Cloud can bring in new annual profits of $414 billion for enterprises: Infosys
The Hindu
A study found that the highest performing businesses had annual profits growth that correlated with using cloud in six different ways
Effective cloud adoption can bring in net new annual profits to the tune of $414 billion for global enterprises, said an Infosys study. The study found that the highest performing businesses had annual profits growth that correlated with using cloud in six different ways such as: speeding up the development and launch of new solutions, adding new functions to existing software, expanding processing capacity, fostering collaboration, unlocking value from data via AI and discovering new revenue sources. The survey covered a range of business performance goals related to cloud and found specific links to competencies such as speed to market and capabilities. A strong profit link was identified when using cloud to rapidly bring new solutions and services to the market, said Infosys.
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