According to a report by Wipro, artificial intelligence (AI) and generative AI (GenAI) are the primary catalyst in cloud investments across key industries with 54 per cent of surveyed organisations channelling their cloud investments towards AI-driven initiatives.
As per the report, banking, manufacturing and retail sectors are leading the charge in this domain.
The report highlighted that 62 per cent respondents in the banking and financial services sector identified AI as the top driver of their cloud strategies. This is a noted shift in the industry, which has traditionally been cautious about cloud adoption due to security concerns. The increased reliance on public cloud services indicates a growing confidence in their security protocols.
Manufacturing is also experiencing a decent uptake in AI-driven cloud investments, with 61 per cent organisations prioritising AI as they transition to more advanced cloud environments. The sector’s focus on AI is driven by the need to enhance operational efficiency and maintain a competitive edge in a rapidly evolving market. Manufacturers are increasingly adopting hybrid and multi-cloud strategies, combining on-premises infrastructure with public cloud services to integrate legacy systems, ensure data sovereignty and optimise costs.
It mentioned that 55 per cent respondents in the retail sector cited AI as the main impetus behind their cloud investments. Retailers are leveraging AI to improve customer experiences, streamline operations and adapt to changing consumer behaviours. The adoption of hybrid cloud environments is particularly strong in this sector, as retailers seek the flexibility to manage data across multiple platforms while avoiding vendor lock-in.
Moreover, the shift towards hybrid and multi-cloud strategies is becoming more pronounced across these sectors. Hybrid cloud is the most widely used, with 60 per cent organisations adopting it, followed by public cloud at 47 per cent and multi-cloud at 42 per cent.
The report stated that 54 per cent organisations are increasing their investments in hybrid while 56 per cent in public cloud environments, driven by the need for flexibility, security, and the ability to leverage the unique strengths of different cloud providers.
