Monday, October 14, 2019
News
NEWS HOME
»
PRN INDIA
Don't Get Left Behind: The Business Risk And Cost Of Technology Obsolescence
  SocialTwist Tell-a-Friend  
   

CAMBRIDGE, Massachusetts, May 21, 2019 /PRNewswire/ -- A new study by MIT Technology Review Insights  in association with Oracle  finds that companies that have a better understanding of the cost of continuing to operate legacy systems versus shifting to the cloud can make appropriate technology investment decisions. And, when organizations consider the cost of technology obsolescence fully, the urgency of cloud investments for continued viability and productivity gains becomes clear. The report describes a growing gap between companies using legacy systems, compared with those using emerging technologies delivered in the cloud, such as machine learning, artificial intelligence, blockchain, and more.

Insights

"When organizations carefully weigh the cost and benefits of cloud investments, our research shows that many companies find that the use of cloud services can actually reduce the cost and raise productivity, with benefits growing over time," says Mindy Blodgett, senior custom editor, MIT Technology Review.

The global research, based on extensive analysis and nearly a dozen interviews with business leaders and industry observers, finds that:

  • Cloud computing will be mainstream in more than 90 percent of large global companies within three years.
  • The use of cloud services accelerates business transformation via new technologies that are designed for optimal use in the cloud.
  • Companies need to move to the cloud to enable business opportunities.
  • Organizations that resist investing in cloud may find their margins squeezed or growth slowed.

Download the report here.

Mindy Blodgett
Senior editor, head of US – Insights
mindy.blodgett@technologyreview.com

Jason Sparapani
Content manager – Insights
jason.sparapani@technologyreview.com

About us

Logo - https://mma.prnewswire.com/media/831545/MIT_Technology_Review_Insights_Logo.jpg

More News by PR Newswire India

Third Annual Convocation Ceremony Will be Celebrated in Apex Professional University

An Encounter of Two Icons: Tic Tac® Meets Coca-Cola®

Birlasoft to Accelerate Invacare's Business Transformation Journey Signs US$ 240 mn, Multi-year Deal, to Provide Complete IT-as-a-Service (ITaaS)

Bali Zoo Celebrated Tumpek Kandang Ritual for all its Resident Faunas

Nitin Mantri Becomes ICCO President

DMCC Awarded 'Global Free Zone of the Year' for a Record Fifth Consecutive Year

Apex Professional University Signed MoU with Life Science Sector Skill Development Council

Find TVU Networks at Broadcast India 2019

UAE and UNESCO Renew Partnership, Extending Efforts to Restore Historic Churches in Mosul

Over 70,000 Visitors, SR2m Falcon Sales on First Day of Riyadh Exhibition

The First Huion Tablet of Inspiroy Dial Series, Q620M was Unveiled at Hong Kong Electronics Fair

ZEISS showcases next-level eye care digitalization at AAO 2019

On Your Marks: 2019 Xi'an Yango International Marathon Starts 20 October

Autodesk Fusion 360 Tools Enable Social Hardware to Advance Design of Prosthetics

Bionik Gold Knee- A New Lease of Life for Young Arthritis Patients

Joy Forum19 to boost Saudi entertainment sector

UAE and UNESCO Renew Partnership, Extending Efforts to Restore Historic Churches in Mosul

Over 70,000 Visitors, SR2m Falcon Sales on First Day of Riyadh Exhibition

The First Huion Tablet of Inspiroy Dial Series, Q620M was Unveiled at Hong Kong Electronics Fair

ZEISS showcases next-level eye care digitalization at AAO 2019

On Your Marks: 2019 Xi'an Yango International Marathon Starts 20 October

Autodesk Fusion 360 Tools Enable Social Hardware to Advance Design of Prosthetics

Bionik Gold Knee- A New Lease of Life for Young Arthritis Patients

Joy Forum19 to boost Saudi entertainment sector

 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
Earthquake felt in Bikaner, no casualtie...
Rahul Gandhi's involvement in state poll...
Ancient stories of brotherhood, Manipur ...
Telangana: Another RTC employee commits ...
Mangaluru's Apeksha Kottary enters India...
J-K: Postpaid mobile services to be func...
More...    
 
 Top Stories
UN chief condoles loss of lives by ... 
Taylor Swift, Antoni Porowski give ... 
Singapore adds Bangalore to its Glo... 
Maruti Suzuki collaborates with fiv... 
UP: 12 people dead in house collaps... 
Trudeau wears bulletproof vest for ... 
Morepen Labs adds three new drugs -... 
Acting is David Harbour's life...