A global survey of 1,000 senior executives conducted by Tata Consultancy Services (TCS) reveals that cloud remains a long-term investment priority for 70% of major corporations globally. The survey also found that 63% of New Zealand respondents reported that cloud is crucial as a catalyst for innovation for their organisation’s future. Additionally, 75% of respondents invested in AI and machine learning capabilities over the past two years, while 78% plan to do so over the coming 12-24 months. The study also found that half of businesses in New Zealand are using cloud technologies to achieve sustainability goals, and that industry clouds or ‘vertical clouds’ are rapidly emerging as a fast path to acquiring greater business expertise and capabilities.
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