According to a report by EY-FICCI, large-scale cloud adoption is driving innovation in India, with organisations significantly investing in their cloud offerings to sustain this momentum. The report, titled ‘India’s cloud and data revolution: From adoption to enabling innovation ‘, states that the current wave of cloud adoption goes beyond migration and emphasises on leveraging the cloud capabilities to optimise processes, enhance customer experiences and unlock new revenue streams.
The report stated that the country is evolving into a hub for cloud-first companies, with major cloud regions located in Mumbai, Chennai, Hyderabad and Pune. The Indian global capability centres (GCCs) have become hubs for global companies in cloud engineering. India is also a potentially significant market for cloud service providers (CSPs). CSPs have established now cloud regions in India, henceforth expanding the array of cloud services available to Indian companies. The report added that the success of generative artificial intelligence (AI) is closely tied to cloud computing, as it relies on the robust computing infrastructure and large dataset, both of which are inherent features of cloud technology. The adoption of generative AI is further expected to increase data usage and ensure greater consumption of cloud resources. However, it is crucial to have a strong framework responsible for the usage of generative AI, considering the potential concerns caused by data leakage and biased output.
The survey revealed that organisations are increasingly adopting cloud services for data infrastructure modernisation, deriving benefits from their data and gaining new insights. Furthermore, the organisations are aiming to bolster business growth, increase collaboration and enhance workplace productivity while ensuring security and safeguarding data privacy. The survey stated that 49 per cent of the organisations have adopted cloud to modernise their data infrastructure, with larger organisations leading at 55 per cent. Additionally, 78 per cent of organisations are implementing cloud strategies for app modernisation, and 40 per cent of organisations are using cloud for collaboration and enhancing workforce productivity. The shifting of data workloads provide various advantages with key motivators being data monetisation (63 per cent), developer productivity (51 per cent) and innovation and incubation (43 per cent). The survey results indicated that cloud adoption had helped enable data and analytics capabilities for 80 per cent of organisations.