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Data Center News > Blog > Cloud Computing > Generative AI is a top driver for cloud investments
Cloud Computing

Generative AI is a top driver for cloud investments

Last updated: August 16, 2024 5:07 pm
Published August 16, 2024
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Greater than half (54%) of organisations say AI is the primary driver of their cloud investments.

That is in accordance with a research by expertise companies and consulting firm, Wipro, which has launched its first ‘Pulse of Cloud’ report highlighting the evolving dynamics of cloud and synthetic intelligence (AI) adoption throughout industries. 

‘The Pulse of Cloud: Quarterly Report July 2024‘ by Wipro FullStride Cloud reveals the influence of AI on cloud investments. As organisations put together for an AI-driven future, firms are rising investments in cloud, with greater than half of the survey respondents indicating that they’re rising investments in hybrid (54%) and public (56%) cloud. And whereas a majority of respondents (55%) say their cloud adoption is presently outstripping AI adoption, multiple third (35%) say they’re advancing in tandem with each applied sciences. 

Jo Debecker, managing companion and international head of Wipro FullStride Cloud, stated: “Our survey findings additional verify that cloud continues to be the first transformational platform for the enterprise, empowering organisations to innovate and keep aggressive.

“The significance of an efficient cloud technique is simply amplified with the rising concentrate on AI. The cloud’s scalability and processing energy are crucial in holding and managing the massive volumes of reference knowledge required by AI. As such, cloud funding selections are more and more being pushed by the necessity to assist AI.” 

The report additionally reveals the rising concentrate on cloud value administration, with 54% of organisations leveraging utilisation evaluation and automation instruments for value administration and 59% now utilizing a unified cloud administration technique.  

See also  Frumtak Ventures closes $87M 4th fund for Iceland investments

“As enterprises rethink their infrastructure to reap the advantages of AI, they’re additionally seeing elevated worth in adopting a cloud economics method. Our survey reveals that as knowledge migration and the adoption of AI-related functions more and more drive cloud funding, unified value administration methods are additionally rising in significance,” added Debecker. 

The Pulse of Cloud: Quarterly Report July 2024 survey was performed between Could and June 2024 amongst 500 senior executives throughout North America and Europe. 

Wish to study extra about cybersecurity and the cloud from business leaders? Take a look at Cyber Security & Cloud Expo happening in Amsterdam, California, and London. Discover different upcoming enterprise expertise occasions and webinars powered by TechForge here.

Tags: generative AI, funding, analysis

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