The need to improve the digital resiliency of the workforce during and after the COVID-19 pandemic has drastically accelerated trends in digital technology — “The pandemic rapidly elevated many digital workspace technologies from nice-to-have to must-have status.”
For the full year, investments in cloud IT infrastructure will surpass spending on non-cloud infrastructure and reach $69.5 billion or 54.2 percent of the overall IT infrastructure spend. “The most effective ‘well-architected framework’ is open, to enable customer choice.”
Cloud computing allows oil and gas companies to scale their data management and storage, driving greater flexibility in infrastructure costs. The high computing power delivered via cloud platforms supports the adoption of other technologies such as the intelligent management of physical assets.
“Delivering automation of indirect sales processes, workflows and partner programs, channel software is becoming increasingly critical to a brands’ ability to win, serve, and retain its customers and partners. It’s a fast-growing market, with 59% of companies increasing spending across the stack.”
“The sharp slowdown in SaaS subscriptions is most likely due to two major factors: 1) a sharp slowdown in new deals — as Oracle, for one, acknowledged in its earnings call — and 2) cancellations of existing contracts or delays in payments.”
Employees are producing at a higher level working remotely. As companies progress on the journey from the current crisis to a return to growth and the future enterprise, SaaS and cloud-enabled innovation provide a new playbook for turning disruption into an opportunity.
The primary drivers for top workloads on public cloud infrastructure include ‘Lift & Shift’ migration patterns, the beginning of the adoption of AI/ ML capabilities, and the growth of cloud-native applications and dev/ test use cases on public cloud.
via IDC Blog
The Future of Work Global Index is a benchmark of rapidly growing public software companies focused on solutions that address the future of work. The index currently tracks 31 companies across 11 countries and includes four segments — People, Productivity, Pay, and Progression.
via Acadian Ventures
The worldwide public cloud services market is forecast to grow 17 percent in 2020 to total $266.4 billion — that’s up from $227.8 billion in 2019, according to Gartner. “At this point, cloud adoption is mainstream,” said Sid Nag, research vice president.
IT spending growth is being driven by the rest of the world catching up on cloud spending. The U.S. is leading cloud services adoption and accounts for over half of global spending on cloud computing.