A Wipro Limited, a technology and consulting services company, announced thePulse of Cloud Report 2024, highlighting the evolving dynamics of cloud adoption and Artificial Intelligence across various sectors of the global market. The survey was conducted with more than500 senior executives and directorsin the areas of IT, finance, and operations – all involved in decision-making regarding cloud adoption and AI. Your companies are medium and large-sized in America and Europe, andact in banking and financial services, manufacturing, retail, healthcare, energyandpublic services.
Research reveals the impact of AI on cloud investments, withmore than half (54%) of organizationssearched citing this technology as the main driver of their cloud investments. Furthermore,more than half of those interviewedindicate thatare increasing investments in hybrid cloud (54%)andpublic (56%). And while the majority of respondents (55%) say their cloud adoption is currently outpacing their AI adoption,more than a third (35%)states thatare advancing both technologies simultaneously.
Research Highlights:
- Cloud investment is increasing:54% of organizations plan to increase hybrid cloud investments and 56% plan to increase public cloud investments.
- Cloud adoption continues to outpace AI adoption:the majority of organizations (55%) report that their cloud adoption is ahead of their AI adoption, while 35% say they are moving at the same pace with both technologies.
- AI and Generative AI are driving cloud investment:54% of organizations cite AI or Generative AI as the top driver of cloud investment, peaking in banking (62%), manufacturing (61%) and retail (55%).
- Hybrid cloud is dominant:60% of organizations report using hybrid cloud, reflecting the need for flexible solutions that balance on-premises and public cloud services.
- Focus on cloud cost management:54% of respondents report using utilization analytics and automation tools for cost management.
- Interest in unified cloud cost management is growing:59% of organizations, 75% of them in the banking and finance sectors, now have a unified strategy, indicating a more mature approach to cloud management.
The report also reveals the growing focus on cloud cost management, with54% of organizations using usage analytics and automation tools for cost managementand59% now using a unified cloud management strategy.
AI and Generative AI are firmly established as key drivers for the cloud across all sectors, reflecting their position as the transformation platform to enable future innovation and competitive advantage. "This trend is expected to continue strongly influencing cloud adoption and investment strategies in the coming year, as leading companies continue to migrate data, build LLMs, and adopt AI tools/applications that require cloud infrastructure. At the same time, companies will remain under pressure to keep their cloud costs under control," explainsWagner Jesus, country head da Wipro no Brasil.
“As businesses rethink their infrastructure to reap the benefits of AI, they are also seeing increasing value in adopting a cloud economics approach. Our research shows that as data migration and the adoption of AI-related applications increasingly drive cloud investment, unified cost management strategies are also growing in importance,” he concludes.Jo Debecker, Managing Partner e Global Head da Wipro FullStride Cloud.
Access the “Pulse of Cloud Report 2024” complete.
