Enterprise enthusiasm for cloud and its promise of streamlined, unified and agile operations has been tempered over the last year by failures to extract business value, according to a recent HFS Research report.
While nearly two-thirds of organizations have made strategic investments in cloud, fewer than one-third are realizing their ambitions, the report said.
The research firm collaborated with consulting firm EY to survey more than 500 senior executives from Global 2000 companies over a six-month period. It found widespread dissatisfaction, not with cloud itself, but with the technology’s business outcomes.
