According to an IBM Institute for Business Value study, what percentage of enterprises today are using cloud computing to expand into new industries?

The assertion that 75 percent of enterprises are using cloud computing to expand into new industries reflects the significant shift many organizations are experiencing as they adopt cloud technologies. This high percentage indicates that businesses are increasingly leveraging cloud capabilities not just for efficiency and cost reduction, but also as a strategic tool to drive innovation and explore new market opportunities.

Cloud computing provides the flexibility and scalability necessary for enterprises to experiment with and enter new markets quickly. It enables them to develop new services and products without the substantial upfront infrastructure costs that traditional business models often require. As businesses seek to adapt to changing market conditions and consumer demands, the ability to harness cloud technology for expansion becomes a crucial advantage.

Research from the IBM Institute for Business Value underscores that organizations are recognizing the competitive edge that cloud adoption can provide, driving them toward transformation and growth in diverse sectors. This trend emphasizes the role of cloud computing as a catalyst for broader enterprise diversification strategies.