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Cloud adoption is no longer a question of “if” but of “how fast” and “to what extent.” Between 2015 and 2020, the revenue of the big-three public cloud providers (AWS, Microsoft Azure, and Google Cloud Platform) has quintupled, and they have more than tripled their capital-expenditures investment to meet increasing demand. And enterprises are ever more open to cloud platforms: more than 90 percent of enterprises reported using cloud technology in some way.
Note that these findings are based on a survey done before the current coronavirus crisis, and depending on its impact, any sourcing strategy going forward could look different. In the digital world, technology is no longer an enabler but a strategic asset and a competitive advantage. CIOs are at the helm of this digital transformation journey and are under increasing pressure to deliver the technology capabilities to enable businesses to generate value.
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