Organisations in Thailand to spend half of their cloud budget on hybrid over the next three years
Business executives in Thailand are increasingly planning to invest in hybrid multi-cloud platform strategies and capabilities to drive business transformation and to unlock value, reveals an IBM Institute for Business Value (IBV) survey. The IBV surveyed over 6000 global executives, including 100 executives from Thailand, across industries to gain an in-depth understanding of their organisations’ use of hybrid cloud, multi-cloud and their approach to multi-cloud management for the report titled, ‘The hybrid cloud platform advantage: A guiding star to enterprise transformation in Thailand.’
According to survey respondents from Thailand, 20 percent of their IT spend is allocated to cloud and they plan to increase the share of spend on hybrid cloud from present 44 percent to 49 percent by 2023. The majority of their cloud budgets are being allocated to hybrid cloud platforms even as their public cloud spend is set to reduce from 42 percent share today to 39 percent by 2023. Most industries globally will exhibit growth in the number of clouds they will deploy, which can go up to 11 clouds per organization, particularly in insurance, telecommunications, retail, banking and consumer products as these industries will continue to expand multiple cloud deployments in the next three years.
Further, the study confirmed the return on investment (ROI) of a platform approach as respondents said that the value derived from a full hybrid, multi-cloud platform technology and operating model at scale is 2.5 times the value derived from a single platform, single cloud vendor approach. In fact, the platform approach is cited as accelerating value with scale.
Commenting on the survey insights, Kittipong Asawapichayon, Country Manager for Cloud and Cognitive Solutions, IBM Thailand Co., Ltd. said, “The adoption of cloud has been a central feature in developing new, digitally-driven business models. Interestingly, the findings show that hybrid multi-cloud is the fundamental enabler of an organisation’s operating model, helping them to embark on a journey to become a Cognitive Enterprise of the future. Further, Hybrid Cloud enables improved business performance and greater ROI. This is proven in the instance of leading businesses that have successfully achieved demonstrable competitive advantage through robust hybrid cloud management and governance platform.”
“In Thailand, leading businesses are achieving business transformation by leveraging hybrid multi-cloud platform technology and embedding AI. We are betting big on Hybrid Cloud which is secure, interoperable, open and free from vendor lock-in.”
