<p>Enterprises in the US, the UK, France, Germany, Australia and New Zealand can add up to $414 billion in net new profits, annually, through effective cloud adoption, according to a survey conducted by Bengaluru- headquartered Infosys.</p>.<p>The 'Infosys Cloud Radar 2021' has revealed the links between enterprise cloud usage and business growth, the company said in a statement on Tuesday.</p>.<p>The survey was conducted by the Infosys Knowledge Institute(IKI), a research arm of Infosys, with over 2,500 respondents from companies across the six regions.</p>.<p>The independent study covered a range of business performance goals related to cloud and found specific links to competencies such as speed to market and capabilities, it said.</p>.<p>A strong profit link was identified when using cloud to rapidly bring new solutions and services to market.</p>.<p>These investments provide a foundation to leverage artificial intelligence (AI) & automation and build cloud based new sources of revenue.</p>.<p>The study found specific links between business profit growth and the use of cloud to rapidly develop and launch new solutions and bring new functionality to market.</p>.<p>Cloud's ability to generate new value from data and discover new revenue sources also links to profit growth.</p>.<p>Specifically, these benefits are derived from business' ability to accelerate time to market, enhance business capabilities and build a competitive edge, the statement said.</p>.<p>Cloud-fueled profit boosts can be attained by companies in any region or industry.</p>.<p>However, they only kick in when businesses have at least 60 per cent of their systems in the cloud.</p>.<p>To benefit from AI on cloud, the bar is even higher.</p>.<p>Businesses must have at least 80 per cent of their business functions such as cross domain business applications in the cloud for AI to boost profit growth.</p>.<p>Infosys President Ravi Kumar S said: "Effectively leveraging cloud is a transformational pillar in digital journeys. Where early cloud was a tool for allowing companies to rapidly scale, modern cloud allows companies to rapidly innovate.</p>
<p>Enterprises in the US, the UK, France, Germany, Australia and New Zealand can add up to $414 billion in net new profits, annually, through effective cloud adoption, according to a survey conducted by Bengaluru- headquartered Infosys.</p>.<p>The 'Infosys Cloud Radar 2021' has revealed the links between enterprise cloud usage and business growth, the company said in a statement on Tuesday.</p>.<p>The survey was conducted by the Infosys Knowledge Institute(IKI), a research arm of Infosys, with over 2,500 respondents from companies across the six regions.</p>.<p>The independent study covered a range of business performance goals related to cloud and found specific links to competencies such as speed to market and capabilities, it said.</p>.<p>A strong profit link was identified when using cloud to rapidly bring new solutions and services to market.</p>.<p>These investments provide a foundation to leverage artificial intelligence (AI) & automation and build cloud based new sources of revenue.</p>.<p>The study found specific links between business profit growth and the use of cloud to rapidly develop and launch new solutions and bring new functionality to market.</p>.<p>Cloud's ability to generate new value from data and discover new revenue sources also links to profit growth.</p>.<p>Specifically, these benefits are derived from business' ability to accelerate time to market, enhance business capabilities and build a competitive edge, the statement said.</p>.<p>Cloud-fueled profit boosts can be attained by companies in any region or industry.</p>.<p>However, they only kick in when businesses have at least 60 per cent of their systems in the cloud.</p>.<p>To benefit from AI on cloud, the bar is even higher.</p>.<p>Businesses must have at least 80 per cent of their business functions such as cross domain business applications in the cloud for AI to boost profit growth.</p>.<p>Infosys President Ravi Kumar S said: "Effectively leveraging cloud is a transformational pillar in digital journeys. Where early cloud was a tool for allowing companies to rapidly scale, modern cloud allows companies to rapidly innovate.</p>