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The State of the Cloud: Leveraging Cloud Computing, AI, and Data for Business Success

Publisher Frost & Sullivan
Published Nov 28, 2023
SKU # MC18352230

Description

The State of the Cloud: Leveraging Cloud Computing, AI, and Data for Business Success



According to business respondents to the 2023 Frost & Sullivan Global Cloud User survey, cloud and artificial intelligence (AI) represent the most critical aspects of digital transformation. As such, companies continue to build hybrid, multicloud environments to support strategic business goals, such as revenue growth, rapid response to market demand and disruption, and enhanced sales and marketing effectiveness. In the 12th annual survey of IT decision-makers responsible for cloud implementations, respondents representing a range of industries, company sizes, and global regions share their perceptions, plans, and behaviors related to cloud infrastructure, choice of a public cloud provider, data growth, and managed services.

Notable findings include:

Businesses view hybrid and multicloud environments as critical to business success; 75% of respondents said that a successful, competitive business requires a strategic, seamless hybrid or multicloud environment.

Fifty-six percent of business applications are cloud-native, with 44% remaining in legacy infrastructures. The primary reasons businesses still keep some apps on-premises are due to security, resiliency, or sustainability.

The survey results offer enterprises and IT service providers a glimpse of the near future for the cloud market.

Table of Contents

Key Findings
Key Findings
Research Objectives and Methodology
Research Objectives and Methodology
Respondent Profile
Cloud Remains the Foundation for Digital Transformation
Business Priorities Require New Technologies
C-Suite Influence on Tech Investments Growing
Security, Compliance, and Costs Top List of Business Challenges
Hybrid and Multicloud Environments Critical for Business Success
Hybrid and Multicloud Computing at the Heart of Digital Transformation
Legacy Applications Continue to Migrate to the Cloud
Businesses Modernize Applications for Cloud Using Various Methods
Businesses Choose Legacy Infrastructure to Meet Specific Goals
Edge Computing Growth Set to Explode by 2025
Edge Infrastructures Offer Businesses Application Control
Businesses Moving Data-heavy Applications to the Edge
Third-party Partner Engagement Set to Shift by 2025
Third-party Partner Use to Grow through 2025
MSPs Offer Planning and Migration Assistance
Benefits of Engaging a Managed Cloud Services Provider
Appendix
Growth Opportunities Fuel the Growth Pipeline Engine™
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
List of Exhibits
Legal Disclaime

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