IT leaders are poised to increase cloud investments over the next two years, Colt research suggests

IT leaders are poised to increase cloud investments over the next two years, Colt research suggests

According to research conducted by datacenter network connectivity provider Colt, the next two years could see a rapid acceleration in the pace of cloud adoption by enterprises.

In the third annual of the firm Report cloud adoption500 senior IT and C-suite decision-makers from Europe and Asia-Pacific were asked about their off-premise migration priorities for the years ahead.

Half of respondents (50%) indicated that they plan to increase their investment in the cloud in the next 24 months with the intention of accelerating their off-premise migration efforts.

In fact, 73% said they intend to spend the “largest proportion” of their IT budget on cloud projects within two years, and 16% said they expect to do the same three to five years from now.

The study also highlighted the adverse impact of Covid-19 on the way IT leaders move to the cloud, with nearly one-third (31%) confirming that the pandemic has slowed their migration plans, while 38% said it has accelerated their move off-premise. Because of

“There appears to be a new divide between businesses rushing to the cloud due to the pandemic’s lingering changes and those slowing their implementation,” Colt’s 19-page report said. “Both approaches have their pros and cons, and companies are taking more time to make the right decision.”

Colt’s research also revealed how sustainability has become a key consideration for IT decision makers when shaping their cloud strategies, with 74% of respondents describing it as an important part of their cloud operations.

“A company’s attitude towards its ESG [environmental, social and governance] Commitment is now a deal-breaker for many businesses,” the report said. “It’s important to work with suppliers who contribute to your goals.”

In addition to focusing on sustainability, the study also showed that IT leaders tend to prioritize their time during cloud initiatives, dividing their attention more evenly between the planning, testing, migration and optimization components of their projects.

Jaya Deshmukh, Colt’s executive vice-president of strategy and transformation, said each year the firm’s research gives it a better understanding of the challenges IT decision makers face when moving to the cloud.

“This year’s report highlights that businesses plan to invest heavily in the cloud over the next two years and that some of the perceived challenges around cloud migration were largely unfounded,” said Deshmukh. “It was positioned for the key role partners play in delivering successful cloud deployments, both in terms of set-up and optimization.”

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