Nearly 63% firms use cloud services for monetising data and insights

Indian companies are scaling up their investment in cloud computing, the on-demand delivery of information technology (IT) resources over the internet, as they seek to improve revenue and services. As many as 63 per cent companies use cloud services for monetising data and insights, according to a report by EY, the international consultancy, and business chamber Ficci. The report surveyed 700 firms in more than 20 sectors in seven Indian cities.