Generative AI is a Top Driver for Cloud Investments: Wipro FullStride Cloud Report
Wipro Limited, a leading technology
services and consulting company, today released its first ‘Pulse of Cloud’
report highlighting the evolving dynamics of cloud and artificial intelligence
(AI) adoption across industries.
"The Pulse of
Cloud: Quarterly Report July 2024" by Wipro FullStride Cloud reveals the impact of AI on cloud investments, with
over half (54%) of the surveyed organizations citing AI as the main driver of
their cloud investments. Further, as organizations prepare for an AI-driven
future, they are increasing investments in cloud, with more than half of
respondents indicating that they are increasing investments in hybrid (54%) and
public (56%) cloud. And while a majority of respondents (55%) say their cloud
adoption is currently outstripping AI adoption, more than one third (35%) say
they are advancing in tandem with both technologies.
“Our survey findings
further confirm that cloud continues to be the primary transformational
platform for the enterprise, empowering organizations to innovate and stay
competitive,” said Jo Debecker, Managing
Partner and Global Head of Wipro FullStride Cloud. “The importance of an
effective cloud strategy is only amplified with the increasing focus on AI. The
cloud’s scalability and processing power are critical in holding and managing
the huge volumes of reference data required by AI. As such, cloud investment
decisions are increasingly being driven by the need to support AI.”
The report also reveals
the growing focus on cloud cost management, with 54% of organizations
leveraging utilization analysis and automation tools for cost management and
59% now using a unified cloud management strategy.
“As enterprises rethink
their infrastructure to reap the benefits of AI, they are also seeing increased
value in adopting a cloud economics approach. Our survey shows that as data
migration and the adoption of AI-related applications increasingly drive cloud
investment, unified cost management strategies are also growing in
importance," added Debecker.
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