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All issuesVolume 298, Issue 2IT NewsCloud

3 Cloud Trends To Watch In 2023

CIODIVE, January 9th, 2023

Competing narratives converge as companies push modernization while controlling costs.

There are two diverging narratives taking shape in the cloud ecosphere.

An economic downturn, interest rate hikes and high levels of inflation led to market conditions that favor spending cutbacks and workforce reductions.

At the same time, companies remain committed to moving forward with digital transformation, a strategy that requires more resource investment and capital in order to gain or retain a competitive edge.

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