More Than 50 Percent of Enterprises Look at Cloud Applications as a Foundation for Digital Transformation – Infosys Research

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BENGALURU, India, Dec. 12, 2019 /PRNewswire=KYODO JBN/ --

- 75 percent of enterprises have either deployed cloud applications or are in

the process of moving to the cloud

-  Nearly 40 percent of enterprises are looking at standardization of

enterprise cloud applications stack versus best-of-breed solutions

    Infosys Knowledge Institute (https://www.infosys.com/about/knowledge-institute/ )(IKI),

the thought leadership and research arm of Infosys (https://www.infosys.com/ )(NYSE: INFY),

today published a global market research report on the current cloud application landscape titled,

'Behind the scenes of an intelligent enterprise: moving enterprise applications to the cloud.'

The report highlights drivers and objectives for enterprises to adopt cloud applications, their

methods and extent of adoption, along with implementation approaches, strategy and pain points.

    For this study, Infosys surveyed 853 senior executives representing firms

from 12 industries, across U.S., Europe, Australia and New Zealand (ANZ).

    Key insights from the survey:

        •54 percent of enterprises look at cloud applications as a foundation

for their organization's digital transformation

        •75 percent of enterprises have either deployed cloud applications or

are in the process of deploying one with high-tech and telecom industries

leading in the space

        •Nearly 40 percent of enterprises are looking at standardization of

enterprise cloud applications stack versus best-of-breed solutions. Better

interoperability between systems (59 percent) and collaboration (61 percent)

are seen as the top benefits of this approach

        •Visionary enterprises see greater agility to respond to changing

market conditions as the biggest advantage of cloud applications adoption,

while most enterprises view improved data security and superior customer

experience among the top benefits

        •Stakeholder confidence on ROI is the top apprehension (60 percent)

while organizational readiness is second (40 percent) during cloud application

transformation

        •Accurate estimation of time and costs (51 percent), monitoring systems

(51 percent), aligning existing legacy systems with new technologies (49

percent) and promoting a culture change within the organization (48 percent)

are seen as major challenges in operationalizing cloud application

transformation program

        •Enterprises where business executive layer (CEO, COO, CFO etc.)  are

more involved across various stages of cloud application adoption have higher

levels of clarity on their digital transformation and are more satisfied with

the progress of cloud journey

    Dinesh Rao, Executive Vice President and Global Head – Enterprise

Application Services, Infosys, said, "As digital disruption impacts incumbents

across industries, the responsiveness of their operating models is what

differentiates the best from the rest. However, enterprises face many

challenges as they navigate the path towards being more sentient, 'live'

enterprises - including choosing the right cloud approach, technology

investments to repurpose and keeping up with data security. We believe the

insights from this research can help enterprises with legacy landscapes to

accelerate their digital journeys."

    For a full copy of the report, please visit:

www.infosys.com/research-study/enterprise-cloud-apps

    Survey Methodology

    A total of 853 senior executives and leaders involved in digital and cloud

initiatives responded to this research, which took place in July 2019. Only

companies with more than US $1 billion were chosen. Twelve industries were

covered, and respondents hailed from the United States, Europe, Australia and

New Zealand.

    About Infosys

    Infosys is a global leader in next-generation digital services and

consulting. We enable clients in 46 countries to navigate their digital

transformation. With over three decades of experience in managing the systems

and workings of global enterprises, we expertly steer our clients through their

digital journey. We do it by enabling the enterprise with an AI-powered core

that helps prioritize the execution of change. We also empower the business

with agile digital at scale to deliver unprecedented levels of performance and

customer delight. Our always-on learning agenda drives their continuous

improvement through building and transferring digital skills, expertise, and

ideas from our innovation ecosystem.

    Visit www.infosys.com to see how Infosys (NYSE: INFY) can help your

enterprise navigate your next.

    Safe Harbor

    Certain statements mentioned in this presentation concerning our future

growth prospects are forward-looking statements regarding our future business

expectations intended to qualify for the 'safe harbor' under the Private

Securities Litigation Reform Act of 1995, which involve a number of risks and

uncertainties that could cause actual results to differ materially from those

in such forward-looking statements. The risks and uncertainties relating to

these statements include, but are not limited to, risks and uncertainties

regarding fluctuations in earnings, fluctuations in foreign exchange rates, our

ability to manage growth, intense competition in IT services including those

factors which may affect our cost advantage, wage increases in India, our

ability to attract and retain highly skilled professionals, time and cost

overruns on fixed-price, fixed-time frame contracts, client concentration,

restrictions on immigration, industry segment concentration, our ability to

manage our international operations, reduced demand for technology in our key

focus areas, disruptions in telecommunication networks or system failures, our

ability to successfully complete and integrate potential acquisitions,

liability for damages on our service contracts, the success of the companies in

which Infosys has made strategic investments, withdrawal or expiration of

governmental fiscal incentives, political instability and regional conflicts,

legal restrictions on raising capital or acquiring companies outside India, and

unauthorized use of our intellectual property and general economic conditions

affecting our industry. Additional risks that could affect our future operating

results are more fully described in our United States Securities and Exchange

Commission filings including our Annual Report on Form 20-F for the fiscal year

ended March 31, 2019. These filings are available at www.sec.gov Infosys may,

from time to time, make additional written and oral forward-looking statements,

including statements contained in the Company's filings with the Securities and

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    Source: Infosys