Navigating the Cloud Frontier

The adoption of cloud computing capabilities is increasingly becoming a business advantage among enterprises. A 2021 analysis by McKinsey shows that Fortune 500 companies could generate USD 1 trillion value by 2030 by adopting cloud.

Cloud services are being considered as a digital transformation engine that ensures optimal working capacity and business continuity. Enterprises across sectors, sizes and regions earnestly deliberating on adopting cloud or redesigning. A McKinsey report states that large enterprises, in particular, aspire to have roughly 60 per cent of their environment in the cloud by 2025.

When subscribing to cloud services, companies take into consideration various parameters giving rise to a variety of cloud strategies such as single-cloud or multi-cloud, homogeneous or hybrid and so on.

2021 Infosys’ Cloud Radar reports that 93% of companies use at least two cloud service providers. With regard to the type of cloud infrastructure deployed, the 2022 Global Hybrid Cloud Trends released by Cisco states that hybrid cloud is the predominant cloud infrastructure with 82% IT leaders deploying it.