Cloud adoption is $414-billion goldmine for companies, says Infosys survey

The increased adoption of cloud technologies represents an opportunity worth over $400 billion in additional annual profits across industries such as financial services, insurance, manufacturing, healthcare and retail, according to a new survey by Infosys.

In its Cloud Radar study, which spanned six countries — the US, UK, France, Germany, Australia and New Zealand — and had over 2,500 respondents, Infosys found that effective adoption of the cloud could bring in up to $414 billion in new net profits annually for businesses.

The company said it identified a strong profit link to enterprises using cloud to rapidly bring new solutions and services to the market, and leveraging automation and artificial intelligence to build new cloud-based sources of revenue.