According to a recent McKinsey survey, the benefits of cloud migration are not as universally beneficial as believed, with only one-third of European companies actively monitoring non-IT outcomes. Cloud computing technology is often associated with business agility and new revenue generation, but just 37% report cost savings outside IT. Only 32% report new revenue generation despite investing hundreds of millions of dollars in cloud computing.
IT leaders in the UK and Ireland are increasingly hiring chief information security officers (CISOs), but a new report from Fastly suggests that they still don’t fully understand the role. While 35% believe CISOs are crucial for cybersecurity, 27% see them as scapegoats and 23% think they have too much responsibility. Additionally, 24% believe CISOs are overworked and underpaid, and 18% believe the role offers poor value for money.
Why do we care?
Here is where the difference lies for those with top execution and those without. While cloud computing is often touted for its potential to enhance business agility and drive new revenue streams, the reality is more complex. First, the integration and optimization of cloud technologies require not just IT adjustments but also a transformation of business processes and models which, if not managed effectively, can lead to underwhelming results. Additionally, the lack of comprehensive outcome monitoring suggests that businesses might not be fully equipped to measure and therefore realize the full potential benefits of their cloud investments. All of this is why you care – focus here brings results.
