Security News > 2023 > December > Most cloud transformations are stuck in the middle

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.

The report also highlights the emergence of "Business cloud masters," constituting around 5% of enterprises, who have successfully harnessed cloud for significant ROI in business growth and new models.

"These findings reinforce what we continue to see within enterprises?they are recognizing the need for adopting a hybrid cloud approach, but if not architected well, maximizing the return on investment is a challenge," stated Varun Bijlani, Global Managing Partner, Hybrid Cloud Services, IBM Consulting.

"To achieve tangible business outcomes through cloud initiatives, businesses need to make intentional choices when it comes to architecture, process, and talent across the enterprise. Those that do will become business cloud masters and will derive tangible value from their cloud transformation."

News URL

https://www.helpnetsecurity.com/2023/12/19/cloud-transformation-investment/