Indian organizations to spend 50% of their cloud budget on

Tilted ‘The hybrid cloud platform advantage: A guiding star to enterprise transformation in India,’ the report…Read More

IBM Institute for Business Value (IBV) has recently released a report according to which organisations in India are expected to spend nearly half of their cloud budget on hybrid over the next three years. Business executives, at present, have allocated 17 percent of their IT spend to cloud. They plan to increase the share of spend on hybrids from 42 percent to 49 percent by 2023, the report said. “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 percent share today to 43 percent by 2023,” it added further.
Tilted ‘The hybrid cloud platform advantage: A guiding star to enterprise transformation in India,’ the report is based on a survey conducted by IBV in collaboration with Oxford Economics and covered 6,000 executives globally including 412 executives from India, across industries, job titles and geographies.
The study further confirmed the return on investment (ROI) of a platform approach as many 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. In fact, the platform approach is cited as accelerating value with scale.
As per the report, 64% of advanced cloud companies globally recognize the need for enterprise transformation and application modernization to go hand-in-hand. While the 68% of businesses on advanced cloud journeys are open to building an open-source cloud platform.

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