Latest News  

Oracle: Emerging group of cloud masters accelerate ability to outperform peers

A new group of cloud masters is emerging according to a global survey of 730 IT professionals conducted by Longitude. This small group of forward-thinking businesses have reached cloud maturity (with on average 70 percent or more of their applications operating in the cloud) and are outperforming their competitors.

2018-02-01 10:03:14

Comprising 12 percent of respondents, the research shows that these ‘cloud masters' are more data driven being better able to access, experiment and get insight from their business information, innovative and better able to respond to customer needs with greater relevance, speed and agility.
They've also seen the largest increases in productivity and competitiveness. Together, these organisations are disrupting the industries in which they operate, leaving their peers behind.

The remainder are playing catch up despite most having a cloud strategy in place and implementation underway. Interestingly, while more than one-third (35 percent) of IT executives surveyed stated that their cloud strategies are fully-developed and largely implemented, less than a fifth of this group (18 percent) can be classified as ‘cloud masters', revealing a gap between what companies are talking about and what they are doing. In terms of cloud strategy, an even larger proportion (43 percent) reported that strategy implementation is progressing. One-fifth, however, say their strategy development for cloud is in its infancy.

Cloud is not the only technology investment that businesses are looking to make in 2018. Oracle's research found that businesses are looking to capitalise on new, innovative technologies, such as AI, machine learning and automation in the next year. Over a quarter of IT executives felt that automation capabilities were important to the business, second only to the organization's ability to offer multiplatform capabilities. A fifth of IT executives were found to put an importance on AI and machine learning within the organization.

Andrew Sutherland, Senior Vice President of Systems & Technology for Oracle Europe, Middle East & Africa (EMEA) & Asia Pacific (APAC) at Oracle comments: "In 2018, the gap between ‘cloud masters' and those lagging behind has the potential to widen significantly. What we are seeing is that those with the most experience are the quickest to exploit the new enterprise technologies and development methodologies and to use them to wow customers or develop competitive advantages before they become mainstream. This speed to market comes from having the experience to apply the emerging technologies to business and from having invested in the right cloud platform, infrastructure and tools. This means they can accelerate their way to competitive success – and if other businesses don't catch up now, they could be permanently left behind."

Although nearly two-thirds of respondents agree that cloud adoption offers the ability to better meet customer demands, enable greater collaboration, improve scalability and agility, concerns over security remain a barrier; around 54 percent feel there are major security issues in moving IT operations and data to the cloud.

Contradicting this however, a similar number say they believe application security in the cloud is better than previously. In addition, respondents with a higher level of cloud maturity and exposure revealed themselves to be more confident in their cyber security capabilities than companies less ingrained in cloud – 65 percent rated their cyber threat detection as good to very good compared to 38 percent.
Boosting the way to become data driven.

The survey also shows a stark difference in analytics capabilities between those with a significant cloud exposure and those of lesser maturity. Globally, more than 60 percent of cloud-mature companies say they have an increased ability to analyze most types of data and are taking advantage of improvements in machine learning-based automation and visualization, compared to nearer a third of companies at a lower stage. Eight in 10 cloud-mature companies say they're realising important gains from migrating data management to the cloud and able to experiment with different data models, and nearly as many say they generate better insights from their data. This is in comparison to around a half of organisations with lesser cloud maturity.

Critically, it is firms that integrate their data analysis capability into a single cloud platform that provides secure access to data in both on-premises and cloud data sources that are experiencing the greatest gains.

Organizations including Skanska, Pragmatyxs, Australian Finance Group, Benchmark, Pernod Ricard Asia, Telesoft and Total, are amongst those who have chosen Oracle Cloud platform to speed innovation and deliver elite customer experiences. Oracle's Cloud provides organizations with everything they need to build, deploy, and extend applications and run business-critical workloads in the cloud.


0 COMMENTS ^ Go back to Top
WRITE A COMMENT ^ Go back to Top
 
Your email address will not be published.
Nickname
Email
Comment
Validation Code
   
 
 
NEWS
FintechOS announces results beyond expectations in 2018

FintechOS announces revenues of 6 million Eur from selling FintechOS technology in just one year from inception. This amount combines 1 million Eur from annual recurring revenue for licenses and 5 million Eur

 Read Full article »
Tremend joins Mellanox in powering the majority of Top 500 supercomputers

Tremend - one of the fastest growing software companies in Romania - has signed an agreement with Mellanox Technologies, a leading supplier of end-to-end connectivity solutions for servers and storage, with hea

 Read Full article »
Almost 19,000 entrepreneurs have already applied for Start-up Nation

The Start-up Nation 2018-2019 program has been accepting business projects for almost a month now, even though the state budget for this year has not yet been passed.

 Read Full article »
Webhelp Romania aiming for EUR 10 million turnover growth, 500 new employees in 2019

Romania's outsourcing market, which recorded two-figure growth in a year, will attract new investments and generate new jobs in 2019, a year full of challenges. After a 2018 that repositioned Romania on the map

 Read Full article »
Manpower: Robots will be your colleagues not your replacement

Fears that robots will eliminate your job are unfounded with a growing number of employers planning to increase or maintain headcount as a result of automation, staffing company ManpowerGroup said in a survey

 Read Full article »
Study: Five out of 10 employers eye lay-offs

Almost 5 out of 10 employers would proceed to lay-offs, according to a survey conducted by the National Council for Small and Medium Sized Companies (CNIPMMR).

 Read Full article »
US company Visteon looks for software developers at Timisoara

Visteon, automotive supplier focused exclusively on cockpit electronics, it is setting up a new product development center in Timisoara, Romania. The company plans to build a team of 400 employees in Romania,

 Read Full article »
Gabriela Mechea takes over the helm of ANIS

The Software and Services Industry Employers Association ANIS appointed Gabriela Mechea as the organizations' executive director, replacing Valerica Dragomir who left the association after 17 years.

 Read Full article »
Poll: 2018 was hard for recruiting – 29 Interviews to one hire

Nearly nine out of ten companies had a tougher time finding suitable employees in 2018 compared with previous years, interviewing an average 29 candidates before hiring one person, a poll by HappyRecruiter show

 Read Full article »
CBRE maintains its market leader ranking with 24 per cent market share on the Bucharest-based office segment

In 2018, CBRE, the real estate consultant managed 24 per cent of the Bucharest-based office market, according to a release of the company.

 Read Full article »
 
 
MOST READ ARTICLES
» The most appreciated companies from th...
» Webhelp Romania aiming for EUR 10 mill...
» The Outsourcing industry announces its...
» Deloitte's Tech Trends 2019 report: B...
» Tremend joins Mellanox in powering the...
» Manpower: Romania's labor market, more...
» Bucharest, in the top of cities in Eur...
» Genpact's COO: Staying ahead of the cu...
» Oracle reaches 4,200 employees and pla...
» Ascentis: The top ten HR trends for 20...
 
EDITOR CHOICE
Nomination are now open for Romanian Business Services Forum and Awards

Nominations have opened for the prestigious Romanian Business Services Forum & Awards. The 2019 awards will continue to recognize and reinforce the important contribution made by business services professionals

 Read Full article »
Study: 89 per cent of finance teams yet to embrace Artificial Intelligence

Report by Association of International Certified Professional Accountants and Oracle shows that almost 90 per cent of finance teams do not have the skills to support digital transformation.

 Read Full article »
Bucharest, in the top of cities in Europe with the largest number of experts in high-tech industry

Bucharest is among the top cities boasting the most experts in the high-tech innovative industry, with over 70,000 current employees, next to London, Dublin, Madrid or Budapest, reads a study conducted by CBRE

 Read Full article »
CBRE study: Post-millennials, the happiest about their offices

During 2018, real estate consultancy company CBRE conducted the first study dedicated to work environment in office buildings in Bucharest. The respondents have been structured in four age segments, such as Z g

 Read Full article »
Deloitte's Tech Trends 2019 report: Beyond the digital frontier

The recently released Deloitte's Tech Trends 2019: Beyond the digital frontier, as each Tech Trends report in the series conducted by the consultancy company, lobbies for embracing the increasing, often mind-b

 Read Full article »
Latest News  
 
about us | newsletter | contact | members area | GDPR policy
Copyright © 2015 by Diplomat Media Events Design by Diplomat Media Events