Implementation of emerging technologies in companies worldwide 2023

As of 2023, nearly 92 percent of digital leaders globally stated that their companies adopted cloud technology either on small or large scale. Big data/ analytics were the second most popular adopted technology with around 61 percent of respondents reporting the same. Artificial intelligence/ machine learning At the same time, 26 percent of respondents were considering using Artificial intelligence (AI) / machine learning (ML) technology, while 24 percent said that their companies were piloting the implementation AI/ML technology.

What is cloud computing?

  Cloud computing refers to the use of networks of remote servers accessed over the internet to store, manage, and process data. It offers customers access to a wide range of technologies while lowering costs and reducing the need for technical expertise. The cloud service market is divided into three primary service models encompassing infrastructure, platforms, and software. Customers are able to choose between private, public, or hybrid cloud deployment depending on their business needs and security concerns.

SaaS: the most widely adopted cloud solutions

    In line with increases in companies’ adoption of cloud computing technologies, the worldwide revenue generated from these technologies has increased rapidly in recent years. Software as a Service (SaaS) is the largest segment of the global cloud computing market with revenues forecast to be around 197 billion U.S. dollars in 2023. Popular applications of SaaS include customer relationship management and enterprise resource planning software.