PwC's 2023 Cloud Business Survey
PwC, February 2nd, 2023
Most businesses today consider themselves to be in the cloud. In our latest Cloud Business Survey, 78% of executives responding told us their companies had adopted cloud in most or all parts of the business.
So, why is tangible value elusive for many? As in our 2021 survey, more than half had not realized the outcomes they were after: cutting costs, improving resilience, driving new revenue, and the list goes on.
The big issue? Moving to the cloud or running parts of your business in the cloud is not the same as being cloud-powered. What does that really mean and what does it take?
About 10% of those surveyed apparently know the answer: They have reinvented their businesses through cloud, they report fewer barriers to realizing value and they're doing so at a rate twice that of other companies. And even in the current business environment, they expect to see continued revenue growth of 15% or greater.
We call these leaders cloud-powered companies.