Budget and Technology Integration Biggest Obstacles to Cloud Adoption in Singapore

Budget and Technology Integration Biggest Obstacles
to Cloud Adoption in Singapore

·        Singapore survey shows 70% of business leaders agree on urgency of cloud adoption to support business growth
·        75% have no plans, or have just started on their digital transformation journey

SINGAPORE, 29 AUGUST 2016 – According to a recent survey by cloud advisory and solutions firm Alpha7, while Singapore businesses are aware of the need for digitalisation and cloud adoption to increase productivity and drive business growth, budget and technology integration remains a big obstacle for cloud adoption.

Seven in 10 business leaders say that cloud adoption is urgent now and over the next two years to support business growth; three in four state they have no plans, or have just started on their digital transformation journey. They also say the top obstacles towards cloud adoption are budget (26 per cent), followed by technology integration (21 per cent).

Alpha7, which has been helping small- and medium-sized businesses and large enterprises with digital transformation and cloud adoption since 2014, concludes that businesses are still not ready across people, processes, and technology.

Lynette Seah, CEO and Founder of Alpha7, said: “We’ve been out there for two years, meeting with businesses across many industries and what we’re consistently seeing the gap between knowledge and adoption. Similar to many other business decisions, budget and integration remains the biggest obstacle, but we feel the real issue here is people. Key decision makers don’t know how or what to do, or where to start, and this affects their expectations of budget and integration.”

The survey was conducted at Alpha7’s June Digital HR Transformation workshop, attended by more than 100 business leaders from a variety of industries, including construction, retail and professional services, with representatives from SMEs to large MNCs.

Respondents also provided additional insight into the readiness of cloud adoption in Singapore. 60 per cent stated that Singapore is competitive in cloud adoption as compared with other countries in the region, and nearly half (45 per cent) said that their own organisations are ready for cloud adoption. They also specified that Operations (25 per cent), finance (23 per cent) and HR (19 per cent) were the business functions identified as most important for automation.

Alpha7’s cloud advisory unit identifies gaps across a business’s people, processes, and technology. From there, Alpha7 recommends tailored cloud solution packages to address the business’s unique set of challenges and opportunities. The result is improved speed to market, reduced costs, increased competitiveness, and efficiency gains.

Lynette added: “The first step to addressing a problem is to admit that you don’t know what you don’t know, and to seek help to cover those knowledge gaps in this digital age. We help businesses identify and answer the questions that really matter at the outset of their cloud and digital transformation journey. What should be replaced and how much can be saved? How much will it cost and how disruptive will it be? To what extent is agility and time-to-market a value attribute to your business? And, what considerations are needed when introducing cloud security and governance? Alpha7 helps businesses understand this, allowing them to identify their priorities, constraints, and investments across people, processes, and technology.”

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