Cloud Investments Yield High ROI: Insights from MIT Technology Review and Market Trends

November 30, 2023
A report by MIT Technology Review Insights and Infosys Cobalt, titled "2023 Global Cloud Ecosystem", highlights the significant returns on investment (ROI) from cloud investments by global companies. Surveying 400 C-suite executives, the report reveals a two-stage cloud maturity model, with an initial focus on cost reductions and a subsequent shift towards generating business value. Over 80% of respondents have noted improved cost efficiency, and 66% report a positive ROI from their cloud investments in the past two years.

Challenges in data governance and varying national data frameworks are noted, with most respondents keeping pace with these requirements. Furthermore, the adoption of zero-trust models in cybersecurity and the use of cloud tools for ESG reporting and compliance are gaining prominence.

Contextually, the global Cloud Infrastructure Entitlement Management (CIEM) market is anticipated to grow significantly, driven by the increasing need for managing complex cloud environments and heightened cybersecurity threats. However, the CIEM market grapples with challenges like the scarcity of technical expertise for effective implementation and high initial investments.

The European Investment Bank and the New European Innovation Agenda, entities integral to the European innovation landscape, are key players in fostering such technological advancements and investments​​​​​​​​​​​​​.

 

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Cloud Infrastructure Entitlement Management (CIEM) market

$1.2 BN
2023
$7.5 BN
2028

The adoption of zero-trust models in cybersecurity and the use of cloud tools for ESG reporting and compliance are gaining prominence.

The CIEM market grapples with challenges like the scarcity of technical expertise for effective implementation and high initial investments.

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