Cloud remains long-term investment priority for 70% corporations: TCS study

Cloud remains a long-term investment priority for 70 per cent of major corporations despite macro headwinds and the recent slowing of growth of global cloud providers, according to a new TCS survey.

‘Connected Future: How Cloud Drives Business Innovation’, the IT services company’s global survey of 972 senior executives, found that innovation is a major driver of cloud investment. As many as 59 per cent of them said that cloud is crucial as a catalyst for innovation that will shape their organisation’s future.