The landscape of enterprise technology continues to evolve rapidly, with cloud transformation as a primary investment, according to HFS and IBM Consulting.
Most organizations have not yet experienced tangible business value from these efforts.
Findings show that despite cloud transformation ranking among the top three critical investments for 60% of enterprises, only 1 in 4 can demonstrate a hard return on investment from their initiatives.
Cloud transformation is increasingly funded by non-IT stakeholders.
A significant obstacle in successful cloud transformation is the notion that it is purely technological.
In enterprises that left cloud transformation to IT, it was left out of the business discourse entirely.
Cloud transformation is increasingly funded by non-IT stakeholders, emphasizing its place as a broader enterprise transformation rather than solely an IT endeavor.
Only 32% of cloud initiatives are funded by IT stakeholders, challenging the perception of cloud transformation solely as an IT-centric journey.
Most cloud transformations are stalled in intermediate stages, with concerns around cost, lock-in, and meeting budget and timeline constraints.
Less than a third meet budget and timeline expectations, indicating a significant disconnect between cloud discussions and clear business objectives.
Nearly 95% expressed some regrets over their hyperscaler contract.
Only 25% of enterprises can showcase a solid ROI on business benefits from cloud transformation, relying on soft or deferred ROI to justify their cases.
A lack of collaboration between business and IT remains a substantial barrier, with only 17% having a well-articulated future state and less than a third defining customer journeys and value streams.
The report analyses the differences between the masters and their counterparts, unveiling the secrets to mastering cloud for business.
At the core, the masters understand that cloud transformation is part of the broader enterprise transformation.
That philosophy opens the door for business and IT collaboration.
Other attributes they tend to share is an identified future state, having mastered architectural principles and a willingness to adopt the newest technology such as AI..
This Cyber News was published on www.helpnetsecurity.com. Publication date: Tue, 19 Dec 2023 04:13:05 +0000