Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Stock Report

| More

New research shows critical role of cloud strategy in driving business innovation

Posted On: 2023-09-12 18:57:06 (Time Zone: IST)

HCLTech, a leading global technology company, today launched a new report providing compelling insights into how organizations can overcome key obstacles like security concerns, talent gaps and company culture to maximize the business impact of their cloud investments. Titled "Cloud Evolution: Make Innovation a Habit," the report is based on a survey of 500 senior business and technology leaders across industries.

The report revealed that while 73% of executives believe their companies are only beginning to leverage the potential of cloud, over 90% recognize cloud's vital role in enabling rapid response to critical business events, strategic pivots and adopting leading-edge technologies like AI.

Cloud continues to enable businesses to pivot when faced with new and unforeseen challenges. As high as 87% of the respondents in the survey said that they would not have been able to make significant pivots last year without cloud. Businesses are relying on cloud to meet sustainability goals (91%), to work through pandemic-related staffing and supply chain issues (87%) and mitigate the impact of rising inflation (77%), showed the survey.

"Cloud is rapidly becoming the optimal business platform for innovation at scale," said Kalyan Kumar, Global Chief Technology Officer & Head - Ecosystems, HCLTech. "However, many companies have yet to fully tap into its potential. This report offers a blueprint for developing the right cloud strategy to drive competitive advantage."

The respondents agreed that innovative technologies like generative AI (GenAI) and cloud go hand-in-hand. Of the respondents, 58% noted that businesses have increased or are planning to increase investments in GenAI and 85% believe it is only possible with the right cloud strategy. Both IT leaders (86%) and business leaders (81%) agree that they closely collaborate with one another to discuss cloud strategy to unlock their potential to innovate.

However, 73% of the survey participants said that their business is only just beginning to unlock the potential of cloud. Nearly a third of the senior executives (32%) said that a lack of alignment and collaboration between business and technology departments is an obstacle to achieving their business goals.

"Forward-thinking leaders recognize that cloud is no longer just an infrastructure play but rather a transformational business platform," said Siki Giunta, Executive Vice President, CloudSMART and Industry Consulting, HCLTech. "By following the recommendations in this report, organizations can truly unleash cloud's potential to accelerate growth and resilience."

To make innovation through cloud a norm, the report advises companies to leverage cloud's agility, shape their organization's culture around cloud, break down departmental barriers, increase cloud literacy and tightly align cloud strategy with AI and other emerging technology adoption plans.

HCLTech's CloudSMART strategy ensures meaningful business outcomes from clients' cloud investments. Industry expertise across all segments forms the HCLTech cloud offering and highly automated services increase agile implementation of modern cloud best practices.

Shares of HCL Technologies Limited was last trading in BSE at Rs. 1281.70 as compared to the previous close of Rs. 1280.95. The total number of shares traded during the day was 32324 in over 2017 trades.

The stock hit an intraday high of Rs. 1291.00 and intraday low of 1265.60. The net turnover during the day was Rs. 41349933.00.

Click here to send ur comments or to

Other Headlines:

Nibe Ltd enters into collaboration agreement with Hewlett Packard Enterprise India Pvt Ltd

SAMHI Hotels Ltd closed at 17% premium to its issue price of Rs 126 per share

Delta Corp Limited gets notice to pay tax liability of Rs. 11139.61 crore

Karnataka Bank to raise up to ? 1,500 crores

Cosmic CRF Ltd bags order from Hindusthan Engineering & Industries Limited

Inox Green Energy Services Ltd to acquire majority stake in Resowi Energy Pvt Ltd

Hindustan Foods Ltd board approves fund raising through issue of convertible warrants

Regency Ceramics Ltd kickstarts its revival, commences product deliveries in Chennai

Cigniti Technologies Recognized as a Leader in Everest Group's Quality Engineering Services PEAK Matrix® Assessment 2023

SBI raises Rs. 10,000 crores through 4th infrastructure bond issue

Federal Bank Hosted a Cricket Extravaganza: ICC Men's Cricket World Cup Trophy Tour Arrived with a Bang!

Ircon International signs contract with Sri Lanka Railways, Ministry of Transport, Sri Lanka

Shop TJC, UK acquires assets of 'Ideal World'? a major teleshopping brand in UK

Lemon Tree Hotels launches its third property in Himachal Pradesh with Lemon Tree Hotel, Mcleodganj

Lancor Holdings Ltd receives Premium FSI approval from CMDA for Lancor Infinys at Keelkattalai

Zen Technologies Ltd receives order worth Rs. 227.65 crores

Central Bank of India enters into Co-Lending partnership with ECL Finance Ltd

KPI Green Energy Ltd receives LOI for 145.20 MW Hybrid Power Project

ANZ selects HCLTech to advance workplace experience

Crompton honored with Safe-Tech Award 2023 for championing safety awareness at its Baddi Plant

IRM, India Affiliate partners with Tata Consumer Products to integrate and strengthen Enterprise Risk Management in the FMCG sector

Shri Parshottam Rupala, Union Minister for Fisheries to launch SISTA360 at Seminar hosted by Kings Infra

Lupin acquires Five Brands from Menarini

Inflame Appliances Ltd announces partnership with Havells for Kitchen Aplliances

Syschem India Ltd approves 1:4 rights issue at Rs. 40 per share

NCC Ltd - J Kumar Infraprojects Ltd JV wins order worth Rs. 6301.08 crores

Lloyds Enterprises Ltd to acquire 7% stake in Lloyds Metals & Minerals Trading LLP

Diamines and Chemicals Limited gets listing approval from NSE

EQUIPPP welcomes Mr. Guruprasad Sowle as an Advisor

Suzlon secures an order of 29.4 MW from BrightNight

Wardwizard Group appoints new Leadership to drive Innovation in the Electric Vehicle Industry

HDFC Bank reduces stake in HOEC

ICICI Lombard General Insurance Company Ltd announces resignation of MD and CEO

IFC, Sunteck Realty Create Joint Platform to invest up to INR 7,500 million to Expand Green Urban Housing in Maharashtra

IndiGo and British Airways announce new codeshare partnership

NBCC India Ltd bags order from SAIL Bhilai Steel Plant

Muthoot Finance Ltd to raise ?700 crores through Public Issue of Secured Redeemable NCDs

HCLTech receives GSI Partner of the Year Award at Denodo DataFest 2023

Adani Kattupalli Port in association with Adani Foundation to set up a Community Hall at Sattankuppam village

ICRA Analytics Collaborates with FactSet to provide users with daily Security Level Valuation of fixed income securities

LIC increases stake in Gujarat Gas Ltd

Tamilnad Mercantile Bank says glitch in processing NACH credit file resulted in wrong credit

Wipro appoints Aparna C Iyer as Chief Financial Officer

Black Box strengthens India presence with new Center of Excellence

Innovative Ideals and Services India Ltd receives order of Rs. 35 lakhs

Natural Biogenex Pvt Ltd performs inauguration at Tumkur unit

SPEL Semiconductor Limited to sell 8.14 acres land in Maraimalai Nagar

DMR Hydroengineering & Infrastructures Ltd receives work order worth Rs. 12.50 lakhs

AVG Logistics Limited grabs Long term Business Order worth INR 72 Crore from India's leading FMCG Company

ideaForge Technology Ltd receives order worth Rs. 58 crores

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020