Most Canadian Businesses Continue to Struggle to Understand Entire Enterprise Benefit from their Cloud Initiatives, Accenture Report Finds

One in 4 businesses are hindered by surprising difficulties with cloud migrations

TORONTO, Dec. 3, 2020 /CNW/ – Irrespective of yrs of concentrated hard work, lots of Canadian enterprises are even now battling to know the comprehensive value of their cloud investments, a new report from Accenture reveals.



In its most current report, “Sky High Hopes: Navigating the Barriers to Maximizing Cloud Worth,” Accenture surveyed 750 senior organization and IT professionals at big enterprises across 11 industries and 17 nations around the world, like Canada. It located that just 34{633f08c73793f55612965c612e212a445c31ddab6c84ff3f095b66eb6ebb4cc2} of Canadian firms say they are obtaining the whole worth envisioned on their cloud investments, as opposed to 37{633f08c73793f55612965c612e212a445c31ddab6c84ff3f095b66eb6ebb4cc2} of providers globally.

When price realization has under no circumstances been a lot more important, 51{633f08c73793f55612965c612e212a445c31ddab6c84ff3f095b66eb6ebb4cc2} of Canadian small business and IT leaders say they are “really contented” with their cloud results, compared to 45{633f08c73793f55612965c612e212a445c31ddab6c84ff3f095b66eb6ebb4cc2} globally. Moreover, just 18{633f08c73793f55612965c612e212a445c31ddab6c84ff3f095b66eb6ebb4cc2} of Canadian businesses are entirely assured that their organization’s cloud migration initiatives will provide the predicted benefit at the envisioned time.

Accenture’s report highlights that, when businesses have gone a lot more greatly into the cloud, results are appreciably far better. Searching globally, 46{633f08c73793f55612965c612e212a445c31ddab6c84ff3f095b66eb6ebb4cc2} of high adopters report fully accomplishing their predicted cloud advantages, in contrast to 36{633f08c73793f55612965c612e212a445c31ddab6c84ff3f095b66eb6ebb4cc2} of reasonable adopters and 28{633f08c73793f55612965c612e212a445c31ddab6c84ff3f095b66eb6ebb4cc2} of minimal adopters.

Companies in Canada understand that they want cloud technologies for speed and agility to mitigate the important problems they are facing and to drive transformational transform to make new prospects and benefit. In accordance to the report, 95{633f08c73793f55612965c612e212a445c31ddab6c84ff3f095b66eb6ebb4cc2} of Canadian enterprise executives now glimpse to cloud as a usually means of mitigating organization uncertainty and reducing hazard. In addition, 90{633f08c73793f55612965c612e212a445c31ddab6c84ff3f095b66eb6ebb4cc2} view cloud as a critical part of their method for accomplishing their company sustainability targets.

“Cloud-primarily based transformation offers Canadian firms the most potent way to reinvent their companies, unleash the knowledge and creativeness of their people today, enrich their sustainability attempts and build new stakeholder benefit,” reported Jennifer Jackson, handling director and Technologies lead in Canada at Accenture. “But the actuality is that not each individual firm is unlocking the complete opportunity price of the cloud. In reality, our latest report displays a amazingly compact two-year advancement in returns on corporate cloud initiatives, suggesting that a far more thoughtful and holistic solution is necessary. Competing in the age of COVID-19 and over and above calls for that companies apply a cloud-1st strategy, in which each aspect of their business enterprise leverages the electrical power of the cloud, ideal now.”

The investigate also examines what might be holding Canadian firms back when it comes to driving their cloud agendas and acquiring their goals. “Protection and compliance threat” was most frequently cited as perceived barrier (53{633f08c73793f55612965c612e212a445c31ddab6c84ff3f095b66eb6ebb4cc2}), adopted by “complexity of organization / operational transform” and “legacy infrastructure & software sprawl” at 44{633f08c73793f55612965c612e212a445c31ddab6c84ff3f095b66eb6ebb4cc2} and 36{633f08c73793f55612965c612e212a445c31ddab6c84ff3f095b66eb6ebb4cc2} respectively.  Each individual barrier outlined was provided as a top rated barrier by just one-third of respondents.

The international results also demonstrate that CEOs have markedly unique impressions of cloud results and fears than fellow C-suite leaders and high-position firm officials: 54{633f08c73793f55612965c612e212a445c31ddab6c84ff3f095b66eb6ebb4cc2} of CEOs globally are fully self-assured in their organizations’ ability to supply cloud initiatives with the envisioned price at the expected time, versus 34{633f08c73793f55612965c612e212a445c31ddab6c84ff3f095b66eb6ebb4cc2} of CIOs and only 28{633f08c73793f55612965c612e212a445c31ddab6c84ff3f095b66eb6ebb4cc2} of CFOs.

“Our investigate conclusions show that properly taking care of the complexities involved in cloud migrations assist organizations to extra thoroughly realize the organization value. The fantastic news is that by having a arduous, outcomes-centric technique to devising a personalized cloud method, partnering with the appropriate experts and addressing worries outside the house of the technologies itself, these as upskilling their individuals to be more successful, Canadian enterprises can attain the outcomes and return on financial investment they are searching for,” additional Vikas Shreedhar, running director and cloud leader at Accenture.

To extract the full organization worth of cloud technologies, Accenture suggests that organizations undertake basically new means of doing the job, shifting to new running designs and developing new roles and techniques. 4 essential places for organizations to handle contain:

  1. Company worth concentrate: build an ideal cloud tactic anchored to in depth financial business instances to discover profits upside and price effectiveness chances although aligning ambitions and placing organization leaders on the similar website page.
  2. Persons and lifestyle modify administration: apply new upskilling and expertise readiness applications, together with new operating styles, to assistance remodel and enhance how persons work so they can greater fulfill speedily modifying requirements.
  3. Knowledge and AI: unlock market- and perform-unique info insights and intelligence trapped in legacy techniques with the electrical power of cloud facts designs.
  4. Partnering for good results: leverage the expertise and expertise of strategic companions to broaden and improve the organization’s current abilities. Cloud-managed companies are frequently an choice for businesses searching to accessibility the appropriate techniques though retaining price effectiveness.

Accenture’s new study follows the development of Accenture Cloud First, which provides the total stack of cloud solutions to assistance clientele across each individual business turn into “cloud-initially” companies so they can accelerate their electronic transformation, innovate more quickly, and make differentiated, sustainable price. Driven by 70,000 cloud professionals, and a $3 billion financial commitment above the up coming three years, we deliver together an unmatched depth and breadth of cloud practical experience and techniques, market cloud methods, ecosystem partner abilities and property that enable clientele realize bigger benefit from cloud at speed and scale. Pay a visit to us at www.accenture.com/cloud.

About Accenture
Accenture is a world skilled services business with primary capabilities in digital, cloud and protection. Combining unmatched knowledge and specialised expertise across more than 40 industries, we offer you Technique and Consulting, Interactive, Technologies and Functions services—all run by the world’s largest network of Superior Technology and Intelligent Operations centers. Our 506,000 persons supply on the assure of technological innovation and human ingenuity each and every day, serving customers in extra than 120 international locations. We embrace the power of modify to produce price and shared achievement for our customers, folks, shareholders, partners and communities. Visit us at www.accenture.com.

Source Accenture

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