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Infosys Logo - INFOSYS/PR NEWSWIRE
- Improving speed to market and the ability to discover new revenue streams through cloud can increase profit growth by up to 11.2 percent YoY
- But to realize these financial gains, at least 60 percent of systems need to be in the cloud
BENGALURU, India, May 25, 2021 /PRNewswire/
Infosys (NYSE: INFY), a global leader in next-generation digital services and consulting, today unveiled the
Infosys Cloud Radar 2021 which has revealed the links between enterprise cloud usage and business growth. The independent study shows that enterprises in the 6 regions surveyed can add up to $414 billion in net new profits, annually, through effective cloud adoption.
The Infosys campus in Bangalore. File
| Photo Credit:
Reuters
A study found that the highest performing businesses had annual profits growth that correlated with using cloud in six different ways Effective cloud adoption can bring in net new annual profits to the tune of $414 billion for global enterprises, said an Infosys study.
The study found that the highest performing businesses had annual profits growth that correlated with using cloud in six different ways such as: speeding up the development and launch of new solutions, adding new functions to existing software, expanding processing capacity, fostering collaboration, unlocking value from data via AI and discovering new revenue sources.
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Infosys Logo - INFOSYS/PR NEWSWIRE
- Improving speed to market and the ability to discover new revenue streams through cloud can increase profit growth by up to 11.2 percent YoY
- But to realize these financial gains, at least 60 percent of systems need to be in the cloud
BENGALURU, India, May 25, 2021 /PRNewswire/
Infosys (NYSE: INFY), a global leader in next-generation digital services and consulting, today unveiled the
Infosys Cloud Radar 2021 which has revealed the links between enterprise cloud usage and business growth. The independent study shows that enterprises in the 6 regions surveyed can add up to $414 billion in net new profits, annually, through effective cloud adoption.
The survey was conducted by the Infosys Knowledge Institute, a research arm of Infosys, with over 2,500 respondents from companies across the six regions
Send Enterprises in the US, the UK, France, Germany, Australia and New Zealand can add up to $414 billion in net new profits, annually, through effective cloud adoption, as per a survey conducted by Infosys.
Bangalore:
The âInfosys Cloud Radar 2021â has revealed the links between enterprise cloud usage and business growth, the company said in a statement on Tuesday.
The survey was conducted by the Infosys Knowledge Institute(IKI), a research arm of Infosys, with over 2,500 respondents from companies across the six regions.
The independent study covered a range of business performance goals related to cloud and found specific links to competencies such as speed to market and capabilities, it said.