Will the recession halt cloud adoption within organizations and their digital transformation journeys?

Question

Answer

Cloud computing is increasingly becoming a standard in the corporate world, with businesses recognizing its ability to fuel innovation and expedite product launch, as well as promote greater cybersecurity. Although the current economic situation has been challenging, organizations around the world have continued to invest in cloud services. Gartner's most recent forecast projects $591.8 billion of public cloud spending worldwide by 2023 - over 20.7% higher than previously expected for 2022, which was 18.8%. Still, transitioning to this technology seamlessly is easier said than done; many attempts end up in failure due to budget shortfalls and risks associated with unstructured data. Dealing with unstructured information means progress must take place in virtual blindness, enterprises unaware of what lies ahead and how best to prepare for it; hidden sensitivities within mountains of disorganized files left unprotected during migration tend to remain undetected unless addressed beforehand. Commonly used lift-and-shift approaches without any data analysis are often implemented first when actually they ought to be employed last - it is essential that structured information be investigated and secured for compliance before migrating can initiate. To ensure an effective move to the cloud requires freeing oneself of such outdated practices and instead adopting an agnostic outlook focused on realizing your business goals and objectives with true value.

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Don't think so. Organizations already understand that on-prem overhead is a financial burden. They'll keep adopting cloud to save those costs. Smart ones will probably put more emphasis on FinOps and include cost optimization strategy in their planning phase - not after the fact as so many do today.

Answer

It should not because rather than a burden cloud can become the key differentiator for companies that use it the right way, with modernization across key business systems.

The right adoption of cloud leads to better business efficiency & innovation along with comparatively reduced costs.

Answer

Don't think so. But it will make organizations more spend-aware.
This should increase the popularity of continuous cost optimization tools, along with finops concepts like cost accountability of spending parties, i.e. developers and dev teams.

Will the recession halt cloud adoption within organizations and their digital transformation journeys?

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