Ninety-four percent of Singapore companies showed the highest cloud adoption rate compared to all other surveyed countries, according to a newly released Oracle report.
This adoption rate surpassed the global average of 71 percent, which is not surprising as 66 percent of Singapore companies believe that cloud adoption lowers total cost of ownership (TCO).
The majority (70 percent) of Singapore companies complained about the lack of interoperability and integration between cloud apps and software as these factors slow down cloud deployment in organisations.
Sixty-one percent of Singapore companies said their employees do not have the right skills set required for successful cloud deployment.
"Cloud applications have the power to dramatically improve business performance while reducing costs, but only if they can work across the business," said Rex Wang, vice president of product marketing, Oracle. "Subscribing to a cloud service may be relatively straightforward, but how this application fits in with the rest of the enterprise, including on-premise systems and other cloud applications must be thought through."
Inadequate integration of cloud applications
Findings of this research report are based on a survey of 1,355 executives from companies across the world with revenues of US$65 million or more.
The data shows that the majority of global businesses have not yet adequately integrated their cloud applications across their business functions. This lack of integration has resulted in operational inefficiencies and challenges around innovation.
Fifty-four percent of the respondents said their department experienced staff downtime in the last six months and 75 percent had problems with innovation because of poor integration of their cloud applications.
On a brighter note, 81 percent of companies said it is important that cloud applications are fully integrated with each other and with other software in the organisation.
Also, 50 percent have integrated cloud apps allowing them to access cloud data in other departments directly from within their departmental business application.
"Oracle's Cloud portfolio has been built with this in mind, enabling us to provide integrated cloud solutions for the whole enterprise. This is a unique capability which means that our customers can source all of their cloud requirements from one place and deliver integrated processes across all their lines of business," added Wang.
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