Friday, 24 March, 2023

Companies adopting cloud tech could look at a $414 bn profit

<p>A survey by Infosys suggested companies adopting cloud technologies have the opportunity worth $400 bn in annual profits. The survey was conducted across six countries with 2,500 respondents. To achieve this profit boost, companies need to have at least 60% of their It systems and 80% of business functions on the cloud. At present, only 17% of companies have 60% of IT systems on the cloud, which is expected to rise to 41% by the end of 2021.</p>