Report: 78% of executives have embraced the cloud, but not all see the value

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Business leaders today understand the critical role of the cloud in helping them achieve their business goals. A new report from PwC found that 78% of executives have adopted the cloud in most or all parts of their business; however, only 10% see the full impact.

True cloud-based businesses have realized the full potential of the cloud. These cloud-based organizations are reinventing their business with the cloud, encountering fewer barriers to achieving value, and expecting revenue growth of 15% or more despite the current business environment.

Reports show that companies looking to achieve cloud status can focus on four data-driven steps:

Take a holistic approach

Cloud-based companies are twice as likely to take a non-linear cloud approach, meaning they can move from workload migration to asset modernization and cloud-native development. They apply the method that makes the strongest business case for achieving their goals and stick to it.

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look here Collaborate within the C suite

Over 85% of cloud-based enterprise CIOs report stronger alliances with C-suite members compared to other enterprise CIOs. The report found that cloud-based companies are prioritizing their relationships with chief human resources officers (CHROs) to help them hire the right talent and provide the right training.

Adopt a formal data strategy

Cloud-based companies recognize that data is at the heart of transformation efforts: 88% say they have an enterprise-wide data strategy, compared to 59% of other companies. As a result, cloud-based businesses can develop a simplified architecture that enables them to modernize data in an integrated view, build government structures, and develop the skills needed to become data-centric.

Keep trust at the heart of cloud adoption

Building trust into cloud projects is essential. Cloud-based companies achieve this by considering the potential risks the cloud could pose at all stages of transformation: 82% have resources dedicated to cloud governance and 78% have formal, separate cloud controls.

Most businesses today consider themselves “in the cloud,” but to truly achieve cloud status, businesses must take a holistic approach to cloud adoption.

PwC surveyed 1,010 US business leaders in its 2023 Cloud Business Survey. Read the full report.

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