And I spotted a research report about Cloud Transformations. The study from HFS, in collaboration with IBM Consulting of 510 senior executives, reveals that while cloud transformation is considered a critical investment for many enterprises, only 25% can demonstrate a hard return on investment from their initiatives. Non-IT stakeholders increasingly fund cloud initiatives, challenging the perception of it being an IT-centric journey. However, most cloud transformations are stalled in intermediate stages due to concerns about cost, lock-in, and meeting budget and timeline constraints. Only a quarter of enterprises can demonstrate a solid ROI on business benefits, indicating a lack of collaboration between business and IT.
Why do we care?
The fact that only 25% of enterprises can show a hard return on investment shows the gap in effectively measuring and demonstrating financial benefits. Services that can bridge the gap between cloud technology implementation and business value realization will be in high demand. And remember to target the non-IT stakeholders in funding cloud projects.