More Than 50 Percent of Enterprises Look at Cloud Applications as a Foundation for Digital Transformation - Infosys Research

- 75 percent of enterprises have either deployed cloud applications or are in the process of moving to the cloud

- Nearly 40 percent of enterprises are looking at standardization of enterprise cloud applications stack versus best-of-breed solutions

BENGALURU,India,Dec. 12,2019 --Infosys Knowledge Institute(IKI),thethought leadership and research arm of Infosys(NYSE: INFY),today published a global market research report on the current cloud application landscape titled,'Behind the scenes of an intelligent enterprise: moving enterprise applications to the cloud.' The report highlights drivers and objectives for enterprises to adopt cloud applications,their methods and extent of adoption,along with implementation approaches,strategy and pain points.

For this study,Infosys surveyed 853 senior executives representing firms from 12 industries,across U.S.,Europe,Australia and New Zealand (ANZ).

Key insights from the survey:

54 percent of enterprises look at cloud applications as a foundation for their organization's digital transformation

75 percent of enterprises have either deployed cloud applications or are in the process of deploying one with high-tech and telecom industries leading in the space

Nearly 40 percent of enterprises are looking at standardization of enterprise cloud applications stack versus best-of-breed solutions. Better interoperability between systems (59 percent) and collaboration (61 percent) are seen as the top benefits of this approach

Visionary enterprises see greater agility to respond to changing market conditions as the biggest advantage of cloud applications adoption,while most enterprises view improved data security and superior customer experience among the top benefits

Stakeholder confidence on ROI is the top apprehension (60 percent) while organizational readiness is second (40 percent) during cloud application transformation

Accurate estimation of time and costs (51 percent),monitoring systems (51 percent),aligning existing legacy systems with new technologies (49 percent) and promoting a culture change within the organization (48 percent) are seen as major challenges in operationalizing cloud application transformation program

Enterprises where business executive layer (CEO,COO,CFO etc.) are more involved across various stages of cloud application adoption have higher levels of clarity on their digital transformation and are more satisfied with the progress of cloud journey

Dinesh Rao,Executive Vice President and Global Head – Enterprise Application Services,Infosys,said,"As digital disruption impacts incumbents across industries,the responsiveness of their operating models is what differentiates the best from the rest. However,enterprises face many challenges as they navigate the path towards being more sentient,'live' enterprises - including choosing the right cloud approach,technology investments to repurpose and keeping up with data security. We believe the insights from this research can help enterprises with legacy landscapes to accelerate their digital journeys."

For a full copy of the report,please visit: www.infosys.com/research-study/enterprise-cloud-apps

Survey Methodology

A total of 853 senior executives and leaders involved in digital and cloud initiatives responded to this research,which took place in July 2019. Only companies with more than US $1 billion were chosen. Twelve industries were covered,and respondents hailed from the United States,Australia and New Zealand.

About Infosys

Infosys is a global leader in next-generation digital services and consulting. We enable clients in 46 countries to navigate their digital transformation. With over three decades of experience in managing the systems and workings of global enterprises,we expertly steer our clients through their digital journey. We do it by enabling the enterprise with an AI-powered core that helps prioritize the execution of change. We also empower the business with agile digital at scale to deliver unprecedented levels of performance and customer delight. Our always-on learning agenda drives their continuous improvement through building and transferring digital skills,expertise,and ideas from our innovation ecosystem.

Visitwww.infosys.comto see how Infosys (NYSE: INFY) can help your enterprise navigate your next.

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