Monday, December 1, 2025
24.7 C
Lagos

IDC: Cloud Tech is Top Investment Priority in Next 5 Years

The potential for cloud technologies to break down silos and enable more contextualized views of data is having a dramatic impact on enterprise investment priorities for operations.

When asked to identify investment priorities for operations over the next five years, organisations ranked cloud highest, followed by wireless connectivity and artificial intelligence and machine learning (AI/ML), according to a recent Future of Operations survey from International Data Corporation (IDC).

At the same time, however, many enterprises have yet to move their operational data from on-premises to the cloud. IDC survey data reveals that fewer than 20% of organisations have put more than 50% of their operational data in the cloud.

Actual investments and the results from current AI/ML projects tell a more complicated story. While many organisations cite AI and ML as an important future technology investment area, most survey respondents indicated that they have no plans to use AI to analyze operational data in the next several years. Other survey findings provide insights into why this is the case. These findings will be discussed further in an IDC webinar to be held on September 28th.

“A point of resistance just a few years ago, organisations are now prioritizing investments and building strategies for putting operational data into the cloud,” said Leif Eriksen, Research Vice-President, Future of Operations.

“And, while the momentum is irrefutable, organisations will need to develop a specific cloud data management strategy that addresses organisational needs and objectives.”

spot_img
spot_img
spot_img

Hot this week

NGX T+2 Settlement Cycle ‘Goes Live’ Event

L – R: Chinwendu Ekeh, Head, Operations & IT,...

Dangote Contracts Honeywell for Major Refinery Capacity Upgrade to 1.4m BPD

Dangote Group is pleased to announce that it has...

AIICO Launches All-in-One Financial Protection for Nigeria’s Underserved Population

L-R: Mr. Mike Eko – (Novus Agro Limited) Mr. Oluwatosin...

NNPC Declares ₦5.4tn Profit After Tax

NNPC Limited has announced its financial performance for the...

Stanbic IBTC Unveils Digital Lending Suite to Enhance Access to Credit

Stanbic IBTC Bank, a member of Standard Bank Group,...

Topics

UNDP Africa Director Seeks New Approach to Accelerate Nigeria’s Development

Concluding an eight-day official visit to Nigeria today, the...

‘MTN Nigeria Will Not Go Public in April 2018’

Despite the recent assurance from Mr. Rob Shuter, Group...

NCC: Re-engineering Regulation, Management Tools to Drive Telecoms Sector

L-R: Quassim Odunmbaku, Special Assistant, ECSM's office, NCC; Abulaziz...

Nigeria Showcases Digital Social Investments at APRA 2024

 Various digital social investments in Nigeria, through the Nigerian...

Cash Flow: 5 Top Tips To Keep The Cash Flowing

By Magnus Nmonwu, Regional Director, Sage West Africa Cash flow...

Igbo Youth Forum Condemns Nomination of Hon. Benjamin Kalu as Deputy House Speaker

The Amalgamated Igbo Youth Progressive Forum has condemned the...

Polaris Bank Champions Financial Literacy for Students in Commemoration of World Savings Day 2024

Polaris Bank concluded its nationwide financial literacy initiative with...
spot_img

Related Articles

Popular Categories

spot_imgspot_img