Two-third global executives see positive return from cloud: MIT-Infosys report

economictimes.indiatimes.com:

Infosys Cobalt.
More than eight out of ten survey respondents outlined cost-efficiency due to cloud deployments.

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The report that surveyed 400 C-suite executives, stated that cloud capabilities play a crucial role in accelerating the global economy’s next stage of digital transformation, spanning cybersecurity, sustainability, AI, and more.
The executives were represented across four regions — North America, Europe, Asia, and Australia and New Zealand — covering 12 industry sectors.
The survey findings also state that more than half or 54% of organisations are using cloud for ESG compliance to drive sustainability, significant room for improvement in leveraging cloud to address carbon emissions.
“Cloud has demonstrated a clear ability to impact the bottom line, and organizations globally are committed to next-gen technology development strategies that are powered by cloud,” says Anant Adya, executive vice president and service offering head, Infosys.
He added, “With Infosys Cobalt, we aim to harness the full potential of cloud technology to address the various challenges faced by industries, including growth, costs, and innovation.”
The report highlighted that strong data privacy protection and governance is essential to accelerate cloud adoption and that perceptions of national data sovereignty and privacy frameworks vary, underscoring the lack of global standards.
“As cloud investment gears up to command a significant amount of global IT