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First-generation cloud computing has provided countless organizations with critical speed, scalability, and cost benefits. But it often lacks the necessary automation and intelligent systems customers need to thrive today and tomorrow.
That’s why an increasing number of business leaders have their sights set on the next generation of cloud computing enabling AI-driven automation, sophisticated data analysis, advanced security, and so much more.
In our global research study conducted by Longitude, Cloud 2020: Cloud Accelerates with Urgency, you’ll discover unique insights from 1,150 senior executives. Many of these leaders have moved their mission-critical workloads to the cloud and are making cloud native a priority for their organization to stay competitive. They understand the benefits of second-generation cloud and recognize autonomous technologies as a game changer for their organization.
More than half (53 percent) of surveyed businesses have now migrated most or all of their mission-critical workloads to the cloud. And the majority of businesses say their cybersecurity has benefited from cloud deployment. Nearly two-thirds (63 percent) of firms agree that the cloud offers improved protection from cyberattacks without threatening the stability of mission-critical workloads. Meanwhile one-fifth (19 percent) of firms cite scalability as a top benefit of cloud deployment.
More than two-thirds (67 percent) of those surveyed say that cloud native is integral to their firms competitiveness. Enterprise cloud native adoption among respondents is projected to double between 2020 and 2025. By 2025, firms predict two-thirds (65 percent) of their business will be migrated to or running directly in the cloud.
60 percent of our surveyed businesses have either deployed (25%) or see deploying an autonomous database as a strategic priority (additional 35%). Firms cite four major benefits of an autonomous database; reduced manual tasks, better visualization of data, more sophisticated analysis and improved data accuracy.
The research aligns current skills against technology infrastructure, with nearly one-fifth (17 percent) of firms reporting their technology infrastructure is incompatible with the cloud. The results revealed that technology capabilities aren’t all that need to change, as only half (53 percent) of organizations have the skills they need to support the growth of cloud services. In the report, we review the steps that can be taken to identify these gaps and potential solutions.
The analysis in this study is based on a survey of 1,150 senior executives, which was carried out on behalf of Oracle by Longitude, a Financial Times company, between January and March 2020.
The respondents came from 19 countries: Australia, Brazil, Canada, China, France, Germany, Italy, India, Japan, Korea, Netherlands, Mexico, Saudi Arabia, South Africa, Singapore, Switzerland, the United Arab Emirates, the United Kingdom, and the United States. Most of the respondents are from large organizations, with 78 percent in firms earning annual revenue of US$1 billion or more and the rest in firms earning between US$500 million and US$1 billion. 14 sectors are represented, the largest groups are banking, financial services and insurance (BFSI), industrials and chemicals, real estate and construction, hospitality and leisure, professional services, and energy, mining and utilities, each of which contributes 10 percent.