CXOs see cloud as a new operating model to reinvent their businesses: Accenture Report

Accenture

Technology giant Accenture has identified a select group of organizations that treat cloud as a new operating model to continuously reinvent their businesses using innovative, multi-cloud capabilities — across public, private and edge — realize greater business value, well beyond cost savings. The firm has mentioned these findings in its report titled-Ever-ready for Every Opportunity: How to Unleash Competitiveness on the Cloud Continuum.

Based on a survey of nearly 4,000 C-suite executives at both private- and public-sector organizations globally, the report explains why looking at cloud as a one-time migration to a static destination — essentially as a cheaper, more-efficient data center — is limiting.

“Most organizations today deploy some mix of public, private and edge clouds, with little integration between them,” said Karthik Narain, global lead of Accenture Cloud First. “As a result, innovation, data and best practices achieved in one part of the organization aren’t benefitting others — thereby impeding value realization. However, a small percentage of organizations are positioning themselves to reap the greatest value from the cloud by viewing cloud as a continuum of technologies that spans different locations and types of ownership, dynamically supported by cloud-first 5G and software-defined networks to support the ever-changing needs of their business.”

Also Read: Accenture to boost Mankind Pharma’s Digital Transformation with Data-Driven Cloud Platform

The report shows while organizations plan to migrate more than two-thirds of their workloads to cloud, on average, over the next three to five years, only half are using the full potential of cloud in its various forms to transform their day-to-day business operations, carry out knowledge work and modernize applications to meet business needs.

“A company’s future competitiveness hinges on choosing the right type of cloud for the right applications and cloud-based services — such as artificial intelligence, smart contact centers, edge computing, robotic computing, extended reality and others — from across the continuum and implementing the advanced practices needed to leverage those technologies,” Narain said. “By using cloud-first strategies, companies can build better customer experiences, smarter business processes and more sustainable products.”

 

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