The proportion of businesses reaping the rewards of embracing cloud infrastructure services has increased significantly in the last quarter, with three-quarters of IT professionals (72%) believing infrastructure as a service (IaaS) makes it easier for businesses to innovate. This is a 10% increase over last quarter.
A global survey of IT professionals also found that 68% of businesses believe IaaS delivers exceptional operational performance in terms of speed and availability, a 20% quarter-over-quarter increase.
More than half of respondents (56%) found their organisation experienced improved productivity from their migration to cloud, while almost half (46%) found their IT teams have greater scope to work on other value-adding projects.
The study also revealed that two-thirds of businesses (66%) believe that companies not investing in IaaS will struggle to keep up with those that are using it. The index also highlighted that moving to IaaS has significantly cut time to deployment of new applications and services and slashed maintenance costs for over two-thirds of respondents (68%).
James Stanbridge, vice-president: IaaS product management EMEA and APAC at Oracle, says: “The index confirms that investments in cloud infrastructure are paying off. Businesses are seeing the benefits reach far beyond the IT department. Organisations are gaining clear productivity improvements, as well as the ability to shift focus from keeping the lights on to projects that make valuable contributions.
“Given the strong recognition from respondents that IaaS can help deliver on transformation and innovation ambitions, we expect this return on investment to grow. However, for the minority of businesses still holding back, the research indicates the clear risk of falling behind more agile rivals.”
In addition, 20% of respondents say IaaS is helping them disrupt their market and competitors.
Oracle partnered with Longitude Research to survey 1 610 IT professionals in Australia, Germany, India, Italy, Malaysia, Saudi Arabia, Singapore, South Korea and the UK about their experience with cloud infrastructure implementation and what they would do differently.