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A recent PwC report (opens in new tab) has found that many companies are still struggling to get to grips with the cloud, despite adoption being fairly high.
The company’s latest Cloud Business Survey found that nearly eight in 10 (78%) business leaders had adopted the cloud in nearly all areas of their business. However, they are still struggling to achieve results.
As in 2021, the majority of companies surveyed in 2022 have fallen short of their targets for reducing costs, improving resilience and generating new revenue.
Cloud usage in business
Only a small number of companies had taken the plunge, according to the results, with just 10% of responding executives saying they reinvented their business through the cloud.
As a result, the successful companies were able to achieve their goals twice as fast as the other companies, with a turnover growth of no less than 15%.
The PwC research also revealed four of the most important things successful companies do in the cloud to put them ahead of the game, in an effort to help less au fait companies catch up.
In terms of adoption, the report emphasizes that there is no one-size-fits-all linear approach, but that companies should adopt the methods that make the strongest business cases for them individually.
Also of great importance is the cooperation of the so-called C-suite – the top managers and executives. Ensuring that all aspects of the business are on board and in compliance is crucial.
Clearly, data is also at the center of cloud-powered companies, which have a streamlined approach with clear governance structures. Finally, embedding trust in business operations is vital; this can be done by considering potential risks and creating the necessary action plans.