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Most of the industries on their way to migrate to hybrid and multi-cloud solutions



Technology continues to advance relentlessly, and industries must leverage it to transform their existing infrastructure to keep pace with time and with this we have witnessed that cloud spending rose 37% to $29 billion during the pandemic. This trend is likely to continue, as the transition to virtual work underscores the urgency for remote, scalable, secure, and cost-effective off-premises technology services. Cloud OEMs and providers have understood the threats, opportunities and events that occur as a result of the pandemic. And they have demonstrated how prepared they are to handle unexpected demand spikes with recent cloud services and trends. Going forward, every company has to move to the cloud in the coming days for sure. Organizations are increasingly seeking a variable-cost model for their core computing, storage and networking requirements. And variable cloud offerings with ‘pay-as-you-go’ models have been the primary preference. The pandemic has only accelerated this preference for OPEX over CAPEX solutions.



According to PwC, almost 75% of finance leaders said they were planning for a more agile and cost-effective business environment; with 83% of CFOs planning to reduce their capital expenses. Cloud providers built a plethora of options when it comes to choosing the right cloud solution. Scale and Agility at-will. Cloud-based architectures are faster to upgrade than traditional systems, making it easier for manufacturers to keep up with new developments. Most manufacturers are turning to cloud solutions for their supply chain as it is easier to monitor and scale based on demands and future predictions. Finally, Cloud computing is growing exponentially and has proved to be intrinsic to innovation. Cloud transformation and the evolution of the ICT landscape will enable growth of innovative busines.