Accenture Growth and Innovation: Asia Pacific CEOs’ Journey to the Cloud (with report)

The “Golden Era” of Enterprises Going to the Cloud

Over the past 200 years, technology-driven innovation has become an important force driving social and economic progress, and has had a broad and far-reaching impact on people’s lives. With the blessing of new inventions and new operating models such as electricity and assembly lines, the scale of production of enterprises has been expanded, which not only creates employment opportunities, but also provides consumers with more products and services.

By the mid-to-late 20th century, the rise of satellite communications, high-speed airliners, and the Internet created the conditions for the global expansion of all walks of life. And today, we have more disruptive technologies with unprecedented potential to transcend the physical world and revolutionize the way people live, work, socialize, consume or learn.

So what makes these disruptive technologies unique? Whether it’s artificial intelligence (AI), additive manufacturing and robotics, or extended reality and the Internet of Things (IoT), these disruptive technologies have enormous scope for imagination. And all this requires is a solid shared underlying infrastructure, and this new foundation is cloud computing.

For example, the Internet of Things makes smart cities possible. We collect data on pollution, weather conditions, energy consumption, and traffic congestion through hardware such as connected meters, sensors, and cameras. Analyzing this vast amount of data can help make critical decisions quickly, such as alerting the public to traffic conditions. .

When deploying IoT solutions, traditional on-premises IT systems, while capable of data collection and analysis, have limited capacity. In the cloud, by running algorithms and forming a feedback loop with sensors and their related systems (such as weather detection centers or police command centers), massive amounts of data, especially special events such as large-scale sports events or unexpected natural disasters, can be analyzed. The resulting data is analyzed quickly and efficiently.

The popularization of electrification took more than 70 years. By contrast, cloud computing has ushered in its golden age in less than 20 years since Amazon launched AWS in 2006 and made it commercially available on a large scale. What is even more gratifying is that the development momentum of cloud applications continues to improve. A recent Accenture study showed that eight in 10 (80%) business executives believe that migrating to the cloud can reduce business uncertainty, while nearly nine in 10 (87%) see it as key to achieving their sustainability goals .

Although enterprises initially migrate to the cloud to simplify the IT environment and improve the level of IT modernization, this is far from the ultimate goal of migrating to the cloud. This article will discuss the approach to the cloud that CEOs have rarely tried at present: taking the cloud as a new foundation for enterprise development and realizing enterprise reengineering.

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