Within three years, cloud computing will run technology infrastructure.

 Companies are using the cloud to generate significant gains beyond cost and scalability, including better creativity, quicker time to market and analytics, and improved cybersecurity. The cloud is swiftly becoming the standard for businesses.Within two to three years, 70% of all technological infrastructure will be cloud-based, according to the report, which looked at findings from over 1,000 organisations and over 4,000 migrated apps across 15 different categories. Typical businesses experience a 12% post-migration decrease in IT infrastructure expenses. Other noteworthy advantages include:

Developers spending 36% more effort on innovation. Reduced time to market by 45% for new product functionality and features53% less time is needed to obtain useful data insights. Less events involving security and other vital infrastructure, totaling 44% less an average 52% decrease in downtime

The survey's top performers had even more striking advantages, including a 37% decrease in technology infrastructure expenses (more than 3 times what ordinary organisations accomplished) and an average increase in performance of 15 percentage points across almost a dozen goals monitored by the study.

Michael Fuller, partner of The Hackett Group, stated: "This study was created to look past the hype and genuinely measure the benefits of both utilising cloud infrastructure and transitioning to the cloud. And the outcomes unmistakably demonstrate that businesses are utilising the cloud to provide wide strategic benefit. It concerns enhanced security, velocity, quality, and agility. When done right, cloud migration may serve as the cornerstone for businesses to quickly enhance their goods and services.

Richard Pastore, senior research director for The Hackett Group, added: "We also came to conclusions regarding the distinctions between normal organisations and high achievers. Top performers approach the cloud as a fundamental competitive strategy and integrate it into their operating DNA in order to achieve the most value. They reject the simpler "lift and shift" cloud migration strategy. As an alternative, they evaluate their workloads to identify the optimal migration strategy and concentrate on optimising them in the cloud, which frequently entails re-architecting or re-designing their systems and processes to fully use what the cloud has to offer.

The report was made public by The Hackett Group as part of the introduction of its new Cloud Value Assessment Services Offering, a service created to assist businesses in understanding how to manage their present cloud applications and plan for future cloud migration. The examination uses The Hackett Group's thorough performance measurements and benchmark taxonomy and is finished in about four weeks, which is as little as one-third less time than a comprehensive benchmark assessment.

The Cloud Services Study by The Hackett Group was finished in December 2021. The project is the first phase of a five-year inquiry that will aid businesses in understanding cloud migration and continuing cost, value, performance, and experience management.