Enterprises in Singapore could be losing out on revenue due to the lack of expertise for cloud computing, according to The Cost of Cloud Expertise report of Rackspace and LSE academics.
Large enterprises across the world lose US$258.2 million annually from the cloud skills gap, the report indicated.
In Singapore, 82 percent of 50 IT decision makers polled for the study believed that their organisations do not have the required cloud expertise. Majority of the respondents (58 percent) also pinpointed the lack of skills as the obstacle to their organisations ability to deploy cloud platforms.
In line, seven in 10 of IT decision makers believed a greater investment is needed to hire talents who could help meet their organisations' challenges on cloud computing.
"While the rise of Artificial Intelligence and automation may cause some to think that human insight is less important, our report shows that this is not the case. With technology and the cloud now underpinning business transformation, the growing technology skills gap means organisations must have a strategy to access the expertise needed. Those that don't, will struggle to be competitive and innovative," said John Engates, chief technology officer of Rackspace.
The Cost of Cloud Expertise report looked through the implications of cloud skills gap on the businesses.
Rackspace opens office in Singapore
To help companies deal with the lack of cloud expertise, Rackspace on Monday (2 October 2017) opened an office in Singapore to expand the market reach of its multi-cloud managed services.
"From the new office in Raffles Place, we are moving closer to our customers in Southeast Asia to offer them expert guidance for their cloud infrastructure and operations and to create a new level of end-to-end customer experience," said Reinhard Waldinger, managing director, Rackspace International GmBH.
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