Business executives in India plan to invest in hybrid multi-cloud platforms for business transformation: IBM study

Business executives in India are increasingly planning to invest in hybrid multi-cloud platform strategies and capabilities to drive business transformation and to unlock value, revealed an IBM Institute for Business Value survey. The IBM said in a statement it surveyed Indian and global executives across industries to gain an in-depth understanding of their organisations current use of hybrid cloud, multi-cloud and their approach to multi-cloud management.

The report is titled, ‘The hybrid cloud platform advantage: A guiding star to enterprise transformation in India. IBM said according to the survey respondents, 17 per cent of their IT spend is allocated to cloud at present and they plan to increase the share of spend on hybrid from 42 per cent to 49 per cent by 2023, according to the survey respondents.