SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 02 Sep, 2023  

Cloud.Computing.9.Thmb.jpg Rising Cloud cost a concern for Indians firms in Gen AI era: Report

   Top Stories
» 28 Indian startups raised over $800 mn in funding this week
» GST Council waives interest, penalty on notices to taxpayers under Section 73
» India's innovation ecosystem poised for exponential growth: Industry
» India's innovation ecosystem poised for exponential growth: Industry
» Overseas Indians faith grows in Indian economy with $1 billion deposits in April
IANS | 01 Sep, 2023
The rising cost of Cloud continues to be a concern as larger organisations in India achieve cost optimisation of only 20 per cent from the cloud while medium and small-scale organisations fall short of meeting their cost-saving goals, a report showed on Thursday.

Around 75 per cent of organisations also encounter a talent gap to enable cloud journeys as the release of the technologies is faster than its adoption and man-power readiness for it to be implemented and sustained, according to the EY-FICCI report, titled ‘India’s cloud and data revolution: From adoption to enabling innovation’.

About 78 per cent of organisations in the country are currently implementing cloud strategies for modernising the technology stack and infusing intelligence into business applications. 

Organisations that neglect the adoption of the cloud may face challenges harnessing the full advantages of advanced technologies such as Gen AI, the report noted.

“With 80 per cent of Indian organisations adopting the cloud to enable a range of business capabilities such as intelligent applications with Gen AI, native functional and data products, and highly intuitive orchestration platforms the imperative is clear: embrace the cloud not merely as a tool, but as an enabler of transformative change,” said Abhinav Johri, Partner-Technology Consulting, EY India.

India is evolving into a hub for cloud-first companies, with major cloud regions located in Mumbai, Chennai, Hyderabad, and Pune. Indian GCCs (Global Capability Centres) have become cloud engineering hubs for global companies. 

The success of Generative AI is closely tied to cloud computing, as it relies on large datasets and robust computing infrastructure, both of which are inherent features of cloud technology. 

According to the report, the adoption of Generative AI is expected to lead to increased data usage and greater consumption of cloud resources. 

“As India’s cloud-first companies spearhead innovation and sustainable growth, leadership means charting a course towards more resilient, digitally-driven future, effective data and analytics shall be instrumental,” said Alexy Thomas, Partner-Technology Consulting, EY India.
Print the Page
Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
Will the Budget 2024 be MSME friendly
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter