Industry-specific cloud platforms must transcend IT elements to knit applications and processes

Given the circumstances around the Covid-19 pandemic, the adoption of cloud technology by different enterprises is visibly accelerating. This trend is driven by the need to become increasingly digital, thereby positioning organisations to offer differentiated value propositions.

Cloud, as a technology, has been in existence for more than a decade, and is primarily focused on infrastructure rationalisation and virtualisation. Over the years, it has evolved, providing business benefits around reduced time to market, accelerating innovation, optimising cost across the enterprise, and improving stability and resiliency. Despite significant investments around time and capital, progress towards realising these benefits from public clouds have been underwhelming.