Cloud computing drives business expansions, digital governance: PwC

Rajat Chowdhary, Partner, Technology Consulting, PwC Middle East

Rajat Chowdhary, Partner, Technology Consulting, PwC Middle East, said that using cloud helps businesses expand, when necessary, cut the information technology infrastructure costs and provide strong security measures. In addition, it effectively uses the latest technology. These factors together contribute to enhancing corporate resilience.

In an exclusive interview with Argaam, Chowdhary said it is necessary to use an appropriate cloud infrastructure with the emergence of some technologies such as the Generative Artificial Intelligence (GenAI), which offers great opportunities for transformation.

Studies show that the cloud-powered companies are more advanced in terms of digital governance and risk control practices.

A PwC survey showed that the businesses using cloud computing solutions reported they report fewer barriers to realizing value. They expect to see continued revenue growth of 15% or greater, he added.

PwC's Strategy& has conducted a survey of more than 420 technology and business executives in the UAE and Saudi Arabia. The survey showed that 68% of businesses in the Middle East shift most workloads to cloud services in the next two years.

Nearly 40% of the regional businesses surveyed achieved measurable added value through their cloud initiatives. They expect larger gains going forward. This value covers several areas, such as enhanced stakeholder trust, improved decision-making, improved profitability, and new revenue streams.

Chowdhary concluded that PwC continues to cooperate with its strategic partner, Google on transformation projects. It cooperates with account management, solution engineering, partner development and leadership teams at Google on the regional and global levels to provide unique solutions for its customers.