Mindtree to see cloud-based growth over next 3-4 years: Analysts

2021-03-24 - 2021-03

Mindtree Ltd. is likely to see increased growth from cloud deals over the next three to four years, as it steps up focus on companies looking to shift applications from their own data centers to the internet, said analysts. Analysts expect the company to perform better than its mid-cap peers and have increased their rating on the company as a result of Mindtree’s cloud strategy. The Bengaluru-headquartered company has for long been earning more than 20% of its revenue from the top client. The $1.1 billion IT services company has recently started pushing for a broad-based exposure across different clients.

Healthcare industry more bullish than other sectors for hybrid cloud adoption: Nutanix Report

2021-03-24 - 2021-03

With digital transformation top of mind, the healthcare industry is more bullish than any other sector about adopting a hybrid IT model, with 95% of respondents agreeing that hybrid is their ideal choice, according to Nutanix’s annual Enterprise Cloud Index Report. The findings point to a growing trend within the sector: with more than two-thirds (70%) of respondents reporting that COVID-19 has caused IT to be viewed more strategically within their organizations and the pandemic has accelerated digital transformation that is likely to shape the future of healthcare. Today, more than half of healthcare respondents have increased their public cloud (56%) and hybrid cloud (51%) use and nearly half (46%) have invested more in private cloud environments in an effort to quickly provide new work-from-home employees with access to IT resources. While 77% of healthcare respondents previously had some employees working remotely one year ago, that percentage has increased to 93% this year since the onset of the pandemic. “Cloud has been a critical support for India’s healthcare organizations as they rapidly adapted to changing patient needs during the pandemic- healthcare providers were able to fast track their telehealth plans when Covid-19 struck, so vulnerable patients could stay at home and still receive treatment. The advancement of healthcare in India remains bright, supported by secure and agile technologies like hybrid cloud,”said Faiz Shakir, Director and Country Head of Enterprise & Commercial Business, India and SAARC, Nutanix. The study also revealed that currently, more healthcare companies run exclusively traditional, non-cloud-enabled datacenters (27%) than any other industry, compared to 18% globally. Over the next five years, however, healthcare organizations plan to shrink that gap with an expected 21-percentage-point drop in legacy datacenter installations and a corresponding 32-point increase in hybrid cloud deployments.

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Mindtree to see cloud-based growth over next 3-4 years: Analysts

Healthcare industry more bullish than other sectors for hybrid cloud adoption: Nutanix Report

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Mindtree to see cloud-based growth over next 3-4 years: Analysts

Healthcare industry more bullish than other sectors for hybrid cloud adoption: Nutanix Report