Published On: Wed, May 26th, 2021

Infosys says cloud adoption for business growth can drive $414bn in profits

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Infosys has unveiled the according to which enterprises can realize up to $414 billion in annual net new profits with effective cloud adoption.

The Cloud Radar 2021 survey was undertaken by the Infosys Knowledge Institute (IKI), a research arm of the Indian IT services company. More than 2,500 respondents from companies in the US, the , Germany, France, , and took part in the survey.

Infosys said that its study found a strong link to profit when deploying cloud for quickly rolling out new solutions and services to market. The IT giant said that the investments give a foundation to make use of AI and automation and build cloud-based new streams of revenue.

According to the survey, businesses should have at least 80% of their business functions, such as cross domain business applications in the cloud for to improve profit growth.

Infosys says cloud adoption for business growth can drive $414bn in profits

Infosys says cloud adoption for business growth can drive $414bn in profits. Photo courtesy of Infosys Limited.

– President of Infosys said: “Effectively leveraging cloud is a transformational pillar in digital journeys. Where early cloud was a tool for allowing companies to rapidly scale, modern cloud allows companies to rapidly innovate. Today’s cloud creates a network effect across processes, data, content, experience and more.

“This network effect keeps enterprises relevant in a rapidly changing new digital age. The findings from the Infosys Cloud Radar 2021 comprehensively show that growth and profitability can be correlated to superior enterprise cloud adoption and orchestration.”

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