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Business executives in the Philippines increasingly plan to invest in multi-cloud hybrid platform strategies and capabilities to drive business transformation and generate value, reveals a survey by the IBM Institute for Business Value (IBV).
The IBV surveyed more than 6,000 global executives, including 100 executives from the Philippines, across industries to gain an in-depth understanding of the use of hybrid cloud, multi-cloud, and their approach to multi-cloud management in their organizations for the report titled ‘The Hybrid Cloud Platform Advantage: A Guiding Star for Business Transformation in the Philippines’.
According to respondents in the Philippines, 17 percent of their IT spending is allocated to the cloud and they plan to increase the share of hybrid cloud spending from 39 percent today to 48 percent by 2023. Most of their cloud budgets are allocated to hybrid cloud platforms even as their public cloud spending will drop from 53 percent of current share to 43 percent by 2023.
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Most industries globally will exhibit growth in the number of clouds they will deploy, which can reach up to 11 clouds per organization, particularly in insurance, telecommunications, retail, banking, and consumer products, as these industries will continue to expand multiple cloud deployments in the coming years. three years.
Business transformation
The study confirmed the return on investment (ROI) of a platform approach, as respondents said the value derived from a full hybrid multi-cloud platform technology and an operating model at scale is 2.5 times the value derived from a single platform, single cloud provider. Getting closer. In fact, the platform approach is cited as acceleration value with scale.
The report also found that, globally, 64% of advanced cloud companies recognize the need for business transformation and application modernization to go hand in hand, compared to 31% of respondents from the Philippines. Additionally, 68% of companies worldwide that are on an advanced journey to the cloud are building an open source cloud platform, 55% more than respondents from the Philippines.
The survey report identifies companies that recognize the strategic importance of the cloud, comprising 13 percent of global respondents, one percent of whom are from the Philippines, as “Cloud Flyers.” Organizations in the Philippines expect to use an average of 10 clouds per organization from a growing number of vendors by 2023, but only 28% have a comprehensive multi-cloud management strategy in place.
Cloud management
Only 25% of executives in the Philippines say they seek cloud management platforms to improve visibility and control of their costs in the cloud, compared to 66% of organizations globally on the journey to the cloud advanced.
Companies in the Philippines are looking for an application development platform that can run on any cloud, workloads that can run seamlessly across multiple clouds, and comprehensive orchestration capability that spans across the clouds.
“Without a doubt, in today’s digital economy, cloud adoption plays a key role,” said Lope Doromal, CTO, IBM Philippines. “It is interesting to note that the majority of the organizations surveyed in the Philippines consider hybrid multi-cloud to be the critical enabler that will help them embark on their journey to becoming a cognitive enterprise. Furthermore, they are realizing that the hybrid cloud enables better business performance and a higher return on investment. Proof of this are the leading companies that have demonstrated their competitive advantage through a robust hybrid cloud governance and management platform.
In the Philippines, we will see more companies leveraging a secure, interoperable, open, and vendor lock-free hybrid multi-cloud platform technology that incorporates AI to achieve successful business transformation. “
