How Can Cloud Infrastructure Help CPG Companies and Banks Stay Ahead of the Curve

In the past few years, the adoption of cloud computing has been gaining momentum, particularly in India. Business benefits aside, support from the government has aided its exponential growth. A 2022 survey conducted by leading experts reveals that four in every five enterprises are looking to increase their cloud budgets in the next 12 months.

The article authored by Arvind Raman, Global Head – Service Management, Infosys published on Dataquest, talks about how the COVID-19 pandemic played a big role in driving cloud adoption. It covers how the retail sector embraced the cloud as a response to the pandemic and why there is a need for BFSI to adopt cloud.

The article further elaborates on the benefits of cloud in the CPG industry such as deeper engagement with customers at low cost, better supply chains and last-mile delivery, ROI-enabled growth with relatively smaller up-front IT investment, and shorter innovation cycles. It also touches upon the need for BFSI industry to adopt cloud, which includes enhanced security, faster processing speeds, better customer insights, and reduced costs.

Read the full article here.