Infosys has unveiled the Infosys Cloud Radar 2021 according to which enterprises can realize up to $414 billion in annual net new profits with effective cloud adoption.

The Cloud Radar 2021 survey was undertaken by the Infosys Knowledge Institute (IKI), a research arm of the Indian IT services company. More than 2,500 respondents from companies in the US, the UK, Germany, France, New Zealand, and Australia took part in the survey.

Infosys said that its study found a strong link to profit when deploying cloud for quickly rolling out new solutions and services to market. The IT giant said that the investments give a foundation to make use of AI and automation and build cloud-based new streams of revenue.

According to the survey, businesses should have at least 80% of their business functions, such as cross domain business applications in the cloud for artificial intelligence to improve profit growth.

Ravi Kumar S. – President of Infosys said: “Effectively leveraging cloud is a transformational pillar in digital journeys. Where early cloud was a tool for allowing companies to rapidly scale, modern cloud allows companies to rapidly innovate. Today’s cloud creates a network effect across processes, data, content, experience and more.

“This network effect keeps enterprises relevant in a rapidly changing new digital age. The findings from the Infosys Cloud Radar 2021 comprehensively show that growth and profitability can be correlated to superior enterprise cloud adoption and orchestration.”

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