TCS Global Cloud Study 2023: How Cloud Drives Innovation in Firms

Confidence in cloud

Cloud innovation accelerates, but challenges remain

Today, cloud offers the potential of continual innovation across a digital ecosystem and perpetual value creation for customers, partners, and employees. But to what extent are organizations realizing the promise of cloud-enabled innovation?

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A strategy for growth

Most companies realize they need cloud to soar to success.

The trend is clear: Cloud is no longer seen as a one-dimensional IT infrastructure. It’s a catalyst for innovation, and a strategy for business and growth itself. It provides the unifying digital fabric that forms the foundation for a connected future—one that continues to unfold with each technological advancement, including generative AI.

By and large, respondents recognize the potential of cloud and say they’re in it for the long haul.

Banking on cloud

Facts in figures

Cloud-enabled innovation

To what extent has cloud become a continual source of innovation for organizations? Have they significantly altered their cloud outlook in the face of economic pressures? In what ways are cloud and artificial intelligence coming together? Find out in this brief.

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TCS Global Cloud Study for Finance Leaders

Once seen as an IT infrastructure enabler, cloud is now a core pillar of business strategy. For success in today’s digital world, companies need to have a simplified, unified and optimized cloud strategy and infrastructure. Where should finance leaders place their bets when it comes to technology investments? An elite group of high performers shows the way.

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TCS Global Cloud Study for Retailers

For the majority of retailers we surveyed, cloud has played an essential role in virtually every significant industry shift over the past few years. The TCS Global Cloud Study reveals that while retailers recognize the role cloud-enabled innovation can play in enabling new ways of connecting data, people, and knowledge and are already invested in cloud, they have more work to do.

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TCS Global Cloud Study for hospitality

Rapid digitalization has ushered in new ways of reimagining guest and employee experiences. As a key accelerator of digital transformation, cloud offers the hospitality sector a strategic advantage for innovation. The TCS Global Cloud Study reveals that hospitality organizations are making solid progress toward cloud-enabled innovation and remain committed to cloud.

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TCS Global Cloud Study for Travel, transportation, and logistics

In recent years, travel, transportation, and logistics organizations have swiftly adapted to global events and shifts in consumer behavior. Cloud technology has been instrumental in this evolution, enabling a secure, agile platform crucial for modernization and growth strategies. But despite strong interest in leveraging cloud-driven innovation, the TCS Global Cloud Study shows untapped potential for these sectors.

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TCS Global Cloud Study for utilities

The utilities industry is at the forefront of the transition to a clean energy future. Utilities have been investing heavily in digital transformation to keep pace with the change. The TCS Global Cloud Study reveals that the widespread adoption of cloud has been a key enabler of innovation, and utilities have made good progress toward new business models.

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About the study

TCS’ Thought Leadership Institute conducted this study of approximately 1,000 senior executives in multiple sectors across Asia, Europe, North America and the United Kingdom, more than half with revenue over $5 billion. This global study examines the extent to which cloud has evolved from an IT-centric solution to a critical business strategy, and explores how the survey respondents are employing strategic cloud capabilities to spark innovation.

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Want to be a global change-maker? Join our team.

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TCS Global Cloud Study

Confidence in cloud

A strategy for growth

Facts in figures

TCS Global Cloud Study for Finance Leaders

TCS Global Cloud Study for Retailers

TCS Global Cloud Study for hospitality

TCS Global Cloud Study for Travel, transportation, and logistics

TCS Global Cloud Study for utilities

About the study

Adaptability starts here

Perpetually Adaptive Enterprise

About Us

Discover why customers choose TCS

Upcoming events

Recent recognitions

Want to be a global change-maker? Join our team.

Find the latest news about TCS

Recent News

Confidence in cloud

A strategy for growth

Facts in figures

TCS Global Cloud Study for Finance Leaders

TCS Global Cloud Study for Retailers

TCS Global Cloud Study for hospitality

TCS Global Cloud Study for Travel, transportation, and logistics

TCS Global Cloud Study for utilities

About the study

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