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Cloud adoption boosts profits and revenue, show survey findings
Economic Times
·
1y ago
Medial
According to a survey of 400 C-suite executives, around 66% have seen a positive ROI from cloud deployments, contributing to profits and revenue growth. The report highlights the importance of cloud capabilities in driving digital transformation across various sectors, including cybersecurity, sustainability, and AI. Cost efficiency and ESG compliance are among the key advantages cited by respondents. However, strong data privacy protection and governance are crucial for accelerating cloud adoption due to varying national frameworks and lack of global standards.
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Digital Push Pays Off: 73% MSMEs Grow via UPI, Smartphones, Women
StartupTalky
·
1m ago
Medial
A survey by PayNearby revealed that over 73% of MSMEs have experienced business growth through digital adoption, primarily via UPI and smartphones. The report highlights increased digital integration among semi-urban and rural businesses, with women entrepreneurs showing higher technology adoption rates. Digital payments, particularly UPI, are gaining traction, and there’s growing exploration of AI tools. The findings emphasize the role of digital tools in enhancing MSME operational efficiency and business scaling.
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Cloud powers India’s digital leap
Economic Times
·
7m ago
Medial
Indian businesses are recognizing the crucial role of cloud technology in driving artificial intelligence (AI) adoption, according to an EY study. The survey revealed that 90% of Indian companies believe that AI implementation would not have been possible without migration to the cloud. Furthermore, around 70% of organizations are currently transitioning their applications to the cloud. The study emphasized the importance of a hybrid approach, with 80% of companies managing their applications both on premises and on the cloud. Greater awareness of the benefits of cloud adoption and increased investment in cybersecurity are identified as key areas for improvement.
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Generative AI moving tech outside IT departments: Google Cloud CEO Thomas Kurian
Economic Times
·
1y ago
Medial
Generative AI is expanding beyond IT departments to various functions like marketing, HR, and procurement, says Google Cloud CEO Thomas Kurian. The technology's versatility is attracting non-engineer professionals to explore its applications. Kurian likens this trend to how Google made the internet accessible through its search engine. AI adoption is broadening across industries, enhancing productivity. At the Google Cloud Next 2023 event, new capabilities were unveiled for AI application development, including Duet AI features for writing assistance, which significantly boosts user productivity.
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Rackspace Technology aims to double revenue growth in India as AI adoption increases
Economic Times
·
1y ago
Medial
San Antonio-based cloud computing company, Rackspace Technology, is targeting a revenue growth of twice its current rate in India over the next two years. With the increasing adoption of artificial intelligence and the growing demand for private cloud services in the country, Rackspace plans to establish a new data center specifically for its private cloud offerings. India's booming startup ecosystem and the rise in AI adoption by businesses provide significant growth opportunities for the company. Rackspace aims to assist Indian customers in their digital transformation journey through cloud and AI solutions.
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Beyond the hype: Enterprises embrace Gen AI as key enabler for growth
Venturebeat
·
1y ago
Medial
A recent survey conducted by Writer on AI adoption in enterprises reveals that 82% of respondents expect rapid growth in the use of generative AI (gen AI) in their companies over the next two years. The survey focused on executives, directors, and managers and found that IT operations, customer support, and security were identified as the areas where gen AI will have the most impact. Concerns were raised around the need for more security measures and data protection when using gen AI. The survey also emphasizes the importance of executive buy-in and collaboration with IT teams for successful adoption of new technology.
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Datadog lifts annual revenue forecast on AI-driven cloud security demand
Economic Times
·
2m ago
Medial
Cloud security firm Datadog raised its annual revenue forecast due to growth in AI-driven workloads and large customers. The company has gained from the increased adoption of AI technologies, boosting demand for its cloud monitoring and security platform. Datadog acquired Eppo to enhance its AI and analytics offerings. The firm expects full-year 2025 revenue between $3.22 billion and $3.24 billion, surpassing prior estimates, with Q1 revenue up 25% annually to $761.6 million.
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People Are Increasingly Worried AI Will Make Daily Life Worse
Wired
·
1y ago
Medial
A recent Pew Research Center survey reveals that Americans' concern over AI's harmful effects outweighs their excitement about its benefits. The survey of over 11,000 US adults found that 52% were more concerned than excited about AI, up from 37% in 2021. While attitudes varied across use cases, concerns were particularly pronounced regarding the impact of AI on privacy. The survey did not address AI's potential for discrimination, but the findings raise questions about how individuals can maintain autonomy as AI becomes more pervasive. Even those actively opposing AI's harmful effects can feel helpless or lose hope.
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Majority of Indian parents say their kids addicted to social media, OTT
Economic Times
·
1y ago
Medial
A survey conducted by LocalCircles reveals that a majority of urban Indian parents feel that their children are addicted to social media, OTT (over-the-top) platforms, and online gaming. Additionally, one-third of respondents noted that such addiction is making their kids more aggressive. The survey also highlights that 73% of parents want the data protection law to mandate parental consent for children under 18 when joining these platforms. The findings raise concerns about children's excessive screen time and the need for enhanced checks and parental involvement in digital activities.
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UK to publish provisional report on cloud computing in January
Economic Times
·
7m ago
Medial
The UK's competition regulator, the CMA, has revised the timetable for its cloud computing investigation. Instead of releasing the provisional findings this month, they will be published in January. The final decision will be made in July. This investigation is focused on the dominance of Amazon's AWS, Microsoft's Azure, and Google Cloud Platform in the cloud computing market.
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Eco Survey calls for regulatory framework tweaks to align AI use with societal values
Livemint
·
6m ago
Medial
The Economic Survey highlights the need to amend regulatory frameworks to align AI use with societal values, balancing innovation with accountability. It warns of potential taxation on profits replacing labor with AI, particularly impacting India due to its size and income level. The survey emphasizes structural changes in education, building robust institutions, and coordinated efforts among the government, private sector, and academia to ensure inclusive growth and benefit from AI's potential.
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