Organizations Adopting Cloud Remain Strong Despite Market Conditions

By Stefania Viscusi  |  August 23, 2022

In response to inflation and the possibility of a recession, most organizations today are turning to cloud technologies to remain competitive and increase operational efficiency.

It’s a smart decision, based on research from Presidion, which show that companies who have already taken the leap and undergone a digital transformation are well prepared to ride the wave during this uncertain economic time.

Companies that already have mature cloud adoption have been able to grow past current price increases, labor shortage issues, cyber security attacks, and supply chain challenges. Thanks to the right technology mix, they are experiencing a faster speed to market and greater efficiency levels.

The 2022 Cloud Transformation Benchmark Report found that those who are not yet fully cloud adopted have made it a top priority.

“This report validates our viewpoint that companies who successfully adopt cloud strategies will drive increased long-term growth and be better positioned to weather the storm of geopolitical and socio-economic concerns – whether from global health issues, supply chain disruptions, or dramatic fluctuations in the labor market,” said Robert Kim, Presidio’s CTO.

The secret is finding the right partner(s) to support cloud initiatives and extract organizational value quickly to help solve some of the ongoing challenges. For instance, 70 percent of IT leaders still struggle with disparate data sources, and 65 percent have difficulty getting timely, actionable data and dashboards to the right users.

In addition, Most IT decision-makers agree that a majority of their teams are not proficient in cloud technologies and that having a partner they could rely on to help get the right solutions would be beneficial.

The report also uncovered that most companies – especially those in healthcare and financial services – are leaning on cloud technologies to help maintain compliance and save money.

Edited by Erik Linask