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.”

Hot this week

NGX Chair: Insurance Sector Needs More Marketing, Digitalisation to Increase Penetration, Contribution to GDP

Remarks by Dr. Umaru Kwairanga, Chairman, Nigerian Exchange Group...

NAICOM Boss Charges CIIN on Professionalism, Ethics, Innovation as Jide Orimolade Emerges 53rd President

The Commissioner for Insurance/CEO, National Insurance Commission (NAICOM), Mr....

Experts Charge Stakeholders to Address Healthcare Challenges

Experts have charged stakeholders to address challenges limiting the...

Leadway Pensure Charge Nigerians on Early Retirement Planning

Leadway Pensure has charged Nigerians to plan for early...

IMT Congratulates New NIA, CIIN, NCRIB, PILA Leaders as Industry Takes Shape in a Defining Season of Reform

Insurance Meets Tech (IMT), Nigeria’s foremost platform for dialogue...

Topics

Olashore Alumnus, Falana, Wins 2016 BET Awards

An Olashore International School Alumnus, Mr. Folarin Falana, popularly...

3 Essential Elements of a Protein-Centred National Nutrition Policy

By Veronica Eneh Ejembi Nutrition, whether at the individual, domestic...

Tinubu’s Biggest Opponent is Not Obi or Atiku… It’s Tinubu

  By Moses Braimah "A government that spends more time explaining...

Verve Card Formally Announces its Acceptance in Ghana

Verve, a leading payments technology and card business in...

Time to CAP Incessant Gas Explosion in Lagos

By Elvis Eromosele Lagosians woke up to the news of...

NDIC, Senate Committee Retreat on Financial System Stability

L –R: Chairman, Senate Committee on Banking, Insurance and...

CIIN Tasks Insurance Professionals on Industry Revolution, Business Landscape

Sir Muftau Oyegunle, President, Chartered Insurance Institute of Nigeria...

Stanbic IBTC Bank Emerges Best Sub-Custodian Bank in Nigeria

Stanbic IBTC Bank Plc, a subsidiary of Stanbic IBTC...