Based on the IBM Institute for Business Value (IBV) survey, business executives in Malaysia are increasingly planning to invest in hybrid multi-cloud platform strategies and capabilities to drive business transformation and to unlock value.
Besides, the survey reveals that, by 2023, organisations in Malaysia are expected to be using an average of 9 clouds per organisation, from a growing number of vendors. However, only 29 percent of businesses have a holistic multi-cloud management strategy in place today.
The survey aimed to gain an in-depth understanding of their organisations’ use of hybrid cloud, multi-cloud, and their approach to multi-cloud management. The report titled, ‘The hybrid cloud platform advantage: A guiding star to enterprise transformation in Malaysia derived from over 6000 global executives across industries, including 100 executives from Malaysia.
According to Malaysian respondents, 19 percent of their IT spend is allocated to cloud and they plan to increase the share of spend on hybrid cloud from present 36 percent to 46 percent by 2023, even as their public cloud spend is set to reduce from 53 percent share today to 44 percent by then.
Furthermore, the study confirmed the return on investment (ROI) of a platform approach as respondents said that the value derived from a full hybrid, multi-cloud platform technology and operating model at scale is 2.5 times the value derived from a single platform, single cloud vendor approach.
Commenting on the survey insights, Catherine Lian, Managing Director of IBM Malaysia said, “We have witnessed an acceleration in cloud adoption in Malaysia as businesses leverage on the power of cloud to stay competitive in the market. The adoption of cloud has been a central feature in developing new, digitally-driven business models.”