The landscape of enterprise technology continues to evolve rapidly, with cloud transformation as a primary investment. Yet, most organizations have not yet experienced tangible business value from these efforts, according to new research by HFS in collaboration with IBM Consulting.
The research report sheds light on the challenges and strategies for cloud transformation. In a survey of 510 senior executives across Global 2000 enterprises, findings show that despite cloud transformation ranking among the top three critical investments for 60 percent of enterprises, only 1 in 4 can demonstrate a hard return on investment from their initiatives.
“For too long, cloud transformation has been confined to the realms of technology, but it’s time to recognize it for what it truly is—a pivotal investment in the future of businesses,” said HFS CEO and Chief Analyst, Phil Fersht. “Cloud investments must transcend the traditional IT narrative and become a central discussion in the broader context of business transformation.”