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Oxford Economics conducted a global survey of 200 business and technology executives to better understand how companies are using cloud platforms. Consistent with an earlier version of the same survey, the results show widespread enthusiasm about the cloud’s transformative potential – but with a more mature appreciation of the challenges and payoffs as it moves along Gartner’s “Hype Cycle.” Investment remains strong and many companies are already reaping the benefits as the cloud becomes the primary platform for business.
Expectations for cloud implementation and its payoffs have changed greatly. Now well into the hard work of making the cloud an everyday reality, businesses have more mature deployment procedures, more strategic goals, and more nuanced approaches to risk.
Although many companies are in the early stages of cloud implementation, nearly one-third of our survey respondents say their adoption of cloud computing has already had a transformative impact on their company’s business performance.