54% of organizations using cloud for ESG
compliance to drive sustainability, significant room for
improvement in leveraging cloud to address scope 1, scope 2, and
scope 3 carbon emissions
BENGALURU, India and CAMBRIDGE,
Mass., Nov. 16, 2023 /CNW/ -- A new survey report
by MIT Technology Review Insights, in partnership with Infosys
Cobalt, examines how cloud capabilities play a crucial role in
accelerating the global economy's next stage of digital
transformation, spanning cybersecurity, sustainability, AI, and
more.
The '2023 Global Cloud
Ecosystem' report is based on
in-depth secondary research and analysis, along with interviews
with global experts on the cloud economy. MIT Technology Review
Insights also conducted a global survey of 400 C-suite executives.
The respondents represent four regions (North America, Europe, Asia,
and Australia and New Zealand), covering 12 industry
sectors.
The key findings are as follows:
Cloud helps the top and bottom line globally. More than
eight out of 10 survey respondents report more cost-efficiency due
to cloud deployments. Eighty two percent say they are currently
tracking cloud ROI and 66% report positive ROI from cloud
investments.
Cloud-centric organizations expect strong data governance
(but don't always get it). Strong data privacy protection and
governance is essential to accelerate cloud adoption. Perceptions
of national data sovereignty and privacy frameworks vary,
underscoring the lack of global standards. Most respondents decline
to say their countries are leaders in the space, but more than
two-thirds say they keep pace.
All in for zero-trust. Public and hybrid cloud
assets raise cybersecurity concerns. But cloud is required to grow
AI and automation. Because of the risk associated with AI, the
zero-trust user paradigm has gained wide acceptance across
industries.
Sustainability in the cloud. The cloud's primary
function—scaling up computing resources—is a key enabler for
compliance issues such as security, privacy, and environment,
social, and governance (ESG). Fifty-four percent of respondents say
they use cloud tools for ESG reporting and compliance, and 51% use
cloud to enhance diversity, equity, and inclusion compliance.
"As cloud investment gears up to command a significant amount of
global IT infrastructure spending in 2023, the dynamic interplay
between flexibility, efficiency, and productivity becomes clear,"
says Laurel Ruma, Global
Editorial Director, MIT Technology Review Insights. She
continues, "The cloud's potential is unmistakable, and this report
serves as a beacon for decision-makers seeking to harness its power
for innovation and growth."
"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. "The findings
from the '2023 Global Cloud Ecosystem' report, which we have
created with MIT Technology Review Insights, give us a global view
of how technology decision-makers are leveraging cloud resources to
grow and transform their operations. 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."
View the 2023 Global Cloud Ecosystem research findings - click
here to download the
report.
To learn more about the cloud, visit The cloud hub: From
cloud chaos to clarity.
About MIT Technology Review Insights
MIT Technology Review Insights is the custom publishing division
of MIT Technology Review, the world's longest-running technology
magazine, backed by the world's foremost technology
institution—producing live events and research on the leading
technology and business challenges of the day. Insights conducts
qualitative and quantitative research and analysis in the U.S. and
abroad and publishes a wide variety of content, including articles,
reports, infographics, videos, and podcasts. And through its
growing MIT Technology Review Global Insights Panel, Insights has
unparalleled access to senior-level executives, innovators, and
entrepreneurs worldwide for surveys and in-depth interviews.
About Infosys
Infosys is a global leader in next-generation digital services
and consulting. Over 300,000 of our people work to amplify human
potential and create the next opportunity for people, businesses
and communities. We enable clients in more than 56 countries to
navigate their digital transformation. With over four decades of
experience in managing the systems and workings of global
enterprises, we expertly steer clients, as they navigate their
digital transformation powered by cloud and AI. We enable them with
an AI-first core, empower the business with agile digital at scale
and drive continuous improvement with always-on learning through
the transfer of digital skills, expertise, and ideas from our
innovation ecosystem. We are deeply committed to being a
well-governed, environmentally sustainable organization where
diverse talent thrives in an inclusive workplace.
Visit www.infosys.com to see how Infosys (NSE: INFY), (BSE: INFY), (NYSE: INFY) can
help your enterprise navigate your next.
Safe Harbor
Certain statements in this release concerning our future growth
prospects, or our future financial or operating performance are
forward-looking statements intended to qualify for the 'safe
harbor' under the Private Securities Litigation Reform Act of 1995,
which involve a number of risks and uncertainties that could cause
actual results or outcomes to differ materially from those in such
forward-looking statements. The risks and uncertainties relating to
these statements include, but are not limited to, risks and
uncertainties regarding the execution of our business strategy, our
ability to attract and retain personnel, our transition to hybrid
work model, economic uncertainties, technological innovations such
as Generative AI, the complex and evolving regulatory landscape
including immigration regulation changes, our ESG vision, our
capital allocation policy and expectations concerning our market
position, future operations, margins, profitability, liquidity,
capital resources, and our corporate actions including
acquisitions. Important factors that may cause actual results or
outcomes to differ from those implied by the forward-looking
statements are discussed in more detail in our US Securities and
Exchange Commission filings including our Annual Report on Form
20-F for the fiscal year ended March 31,
2023. These filings are available at www.sec.gov.
Infosys may, from time to time, make additional written and oral
forward-looking statements, including statements contained in the
Company's filings with the Securities and Exchange Commission and
our reports to shareholders. The Company does not undertake to
update any forward-looking statements that may be made from time to
time by or on behalf of the Company unless it is required by
law.
Logo:
https://mma.prnewswire.com/media/633365/Infosys_Logo.jpg
View original
content:https://www.prnewswire.com/news-releases/two-thirds-of-global-executives-report-cloud-has-returned-positive-roi-over-last-two-years-says-mit-technology-review-insights-report-with-infosys-cobalt-301990703.html
SOURCE Infosys