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.