Friday, October 17, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Investment

Indian executives planning to invest in multi-cloud strategies

Fiinews by Fiinews
September 4, 2020
in Investment, Technology
Reading Time: 3 mins read
A A
0
IBM
0
SHARES
10
VIEWS
LinkedinShare on Twitter

Most industries to deploy clouds

Business executives in India are increasingly planning to invest in hybrid multi-cloud platform strategies and capabilities to drive business transformation and to unlock value, reveals an IBM Institute for Business Value (IBV) survey.

The IBV surveyed Indian and global executives across industries to gain an in-depth understanding of their organizations’ current use of hybrid cloud, multi-cloud and their approach to multi-cloud management for the report, ‘The hybrid cloud platform advantage: A guiding star to enterprise transformation in India’.

According to the survey respondents, 17% of their IT spend is allocated to cloud at present and they plan to increase the share of spend on hybrid from 42% to 49% by 2023.

The majority of their cloud budgets are being allocated to hybrid cloud platforms even as their public cloud spend is set to reduce from 50% share today to 43% by 2023.

Most industries will exhibit growth in the number of clouds they will deploy, which can go up to 10 clouds particularly in insurance, telecommunications and retail as these industries will continue to expand multiple cloud deployments in the next three years, according to the survey press release on 4 Sept 2020.

Further, the study confirmed the return on investment (ROI) of a platform approach as respondents said that the value derived from a full hybrid, multi-cloud platform technology and operating model at scale is 2.5 times the value derived from a single platform, single cloud vendor approach.

“The adoption of cloud has been a central feature in developing new, digitally-driven business models,” noted Viswanath Ramaswamy, Vice President, IBM Cloud and Cognitive Software and Services, IBM India/South Asia.

“Interestingly, the findings show that hybrid multi-cloud is the fundamental enabler of an organization’s operating model, helping them to embark on a journey to become a Cognitive Enterprise of the future,” he said in comments on the survey findings.

Further, a Hybrid Cloud improves business performance and greater ROI. This is proven in the instance of leading businesses that have successfully achieved demonstrable competitive advantage through robust hybrid cloud management and governance platform.

In India, leading businesses such as Bharti Airtel and Vodafone Idea are achieving business transformation by leveraging hybrid multi-cloud platform technology and embedding AI.

“We are betting big on Hybrid Cloud which is secure, interoperable, open and free from vendor lock-in,” said Ramaswamy.

The survey was conducted from February to April 2020 by the IBM Institute for Business Value in collaboration with Oxford Economics and covered 6,000 executives globally including 412 executives from India, across industries, job titles and geographies.

Tech Trends revealed in the survey:

• Globally, 64% of advanced cloud companies recognize the need for enterprise transformation and application modernization to go hand-in-hand, 2.6 times higher than the respondents from India;

• Globally, 68% of businesses on advanced cloud journey are building an open-source cloud platform, compared to 46% of India respondents;

• The survey report identifies businesses that recognize the strategic importance of Cloud, which comprise 13% of the global survey respondents, two percent of which are from India, as ‘Cloud Aviators’;

• Organizations in India expect to be using at least 10 clouds from a growing number of vendors by 2023 but only 29% of businesses have a     holistic multi-cloud management strategy;

• 31% of IT executives in India say they are seeking Cloud Management Platforms for improved visibility and to control their cloud costs;

• Enterprises in India are seeking an application development platform that can run on any cloud, workloads that can execute seamlessly across    multiple clouds;

• Indian executives get over 2.6x of their investment in cloud management over a period of 10 years. #technologies #investment #cloud #artificialintlligence #machinelearning /fiinews.com

Tags: Digital India
ShareTweetShare

Related Posts

CPMA
Technology

Tech: Chemicals industry to provide solutions

by Fiinews
October 17, 2025
0
12

Minister sees world economy experiences fluctuations The chemicals and petrochemical industry has the potential to be at the forefront of...

TVS Capital Fund
Investment

Invest: TVS Fund 4 gets CRISIL grading

by Fiinews
October 16, 2025
0
12

TCF defined by rigorous investment-risk management It is a significant milestone for TVS Capital Funds (TCF) as TVS Shriram Growth...

India mongolia

Invest: India funds Mongolian oil refinery

October 16, 2025
13
PIB

Invest: Google’s $15bn Data Centre ready by 2030

October 16, 2025
19
NHSBA

Tech: Infosys gets 15-year contract with NHSBSA

October 15, 2025
15
VIT

Tech: Deaken-VIT offer Cyber Security program

October 15, 2025
12
SBI YONO
Sabit

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Technology: Impact of FinTech conferences on students and future opportunities in industry

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Manufacturing: MoD signs Rs.659.47cr rifle contract
  • Tender: India develops dedicated rail corridors
  • Tech: Chemicals industry to provide solutions
  • Export: Merchandise demand continues to grow
  • Market: Fintech ecosystems continue expanding

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.