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Hybrid cloud is a gateway to innovation for large, traditionally on-premises enterprises. It enables organizations to combine private, on-premises and public cloud apps and resources, offering businesses the ability to innovate without disrupting existing operations. IBM expects hybrid and multicloud spend to increase up to 17% this year, and research shows that it can help bring new products to market 15% faster and increase Total Cost of Ownership (TCO) savings by up to 40%.
