91% of banks and insurers have initiated their cloud journey, yet many are unable to realize full business value
However, this high rate and its corresponding investment does not translate to effective cloud adoption at scale.
- However, this high rate and its corresponding investment does not translate to effective cloud adoption at scale.
- More than 50% of firms surveyed have only moved a minimal portion of their core business applications to the cloud.
- The research found that to date much of the cloud investments have been applied towards modern, user-friendly, AI-based, customer-facing applications.
- In return, this will spark the emergence of a wider range of business growth opportunities over the coming years.