90% of companies see cloud technology as essential for growth, digital transformation and competitiveness in the marketplace

Nine in ten companies think cloud is essential for growth, especially used in combination with other technologies such as artificial intelligence (AI), internet of things (IoT) and analytics, according to the latest edition of Deloitte Future of Cloud Survey . Similarly, nine out of ten respondents (88%) view cloud as a cornerstone of their digital transformation and believe it is vital to driving revenue and maintaining a strong position in the marketplace. The report underlines that cloud investment increases efficiency and agility (for 88% of respondents), creates new operational processes and workflows (87%) and mitigates business and regulatory risks (83%). Nevertheless, there is still room for growth when it comes to cloud investments’ contribution to enabling innovation to support the companies’ strategic priorities. According to the survey, respondents’ top strategic priorities are increasing efficiency and agility (89%) and developing new ideas, approaches or methodologies (84), yet these areas are not where most organizations are innovating. Instead, surveyed organizations reported they were successful in driving innovation in areas such as mitigating business and regulatory success (73%) and expanding existing products or service revenue (71%). “Organizations across the globe and in Romania have definitely made significant steps in the journey to […]

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