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​​​​​​​​​​​​​.

 

Editor's Pick

Information and Communication Technology

Apple Vision Pro China Launch Confirmed
April 2, 2024

Information and Communication Technology

Insurtech Funding News - Coverdash raises USD 13.5 Million
April 2, 2024

PODCASTS

Sustainable Digital Transformation & Industry 4.0

Sustainable Digital Transformation & Industry 4.0

Sanjay Kaul, President-Asia Pacific & Japan, Cisco, and host Aashish Mehra, Chief Research Officer, MarketsandMarkets, in conversation on unraveling 'Sustainable Digital Transformation and Industry 4.0'

11 July 2023|S2E12|Listen Now

Future of Utilities with Thomas Birr from E.ON

Generative AI

Prasad Joshi, Senior Vice President-Emerging Technology Solutions, Infosys, and host, Vinod Chikkareddy, CCO, MarketsandMarkets, in exploring the recent advances in AI and the generative AI space.

7 Nov 2023|S2E13|Listen Now

Cloud Infrastructure Entitlement Management (CIEM) market

$1.2 BN
2023
$7.5 BN
2028

Download Whitepaper

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.

STAY TUNED

GET EMAIL ALERT
Subscribe Email

Follow IndustryNews by MarketsandMarkets

DMCA.com Protection Status