More Than 50 Percent of Enterprises Look at Cloud Applications as a Foundation for Digital Transformation - Infosys Research

Bengaluru, India (ots/PRNewswire) - - 75 percent of enterprises have either
deployed cloud applications or are in the process of moving to the cloud

- Nearly 40 percent of enterprises are looking at standardization of enterprise
cloud applications stack versus best-of-breed solutions

Infosys Knowledge Institute (https://www.infosys.com/about/knowledge-institute/)
(IKI), the thought leadership and research arm of Infosys
(https://www.infosys.com/) (NYSE: INFY), today published a global market
research report on the current cloud application landscape titled, 'Behind the
scenes of an intelligent enterprise: moving enterprise applications to the
cloud.' The report highlights drivers and objectives for enterprises to adopt
cloud applications, their methods and extent of adoption, along with
implementation approaches, strategy and pain points.

For this study, Infosys surveyed 853 senior executives representing firms from
12 industries, across U.S., Europe, Australia and New Zealand (ANZ).

Key insights from the survey:

- 54 percent of enterprises look at cloud applications as a
foundation for their organization's digital transformation
- 75 percent of enterprises have either deployed cloud applications
or are in the process of deploying one with high-tech and telecom
industries leading in the space
- Nearly 40 percent of enterprises are looking at standardization of
enterprise cloud applications stack versus best-of-breed solutions.
Better interoperability between systems (59 percent) and
collaboration (61 percent) are seen as the top benefits of this
approach
- Visionary enterprises see greater agility to respond to changing
market conditions as the biggest advantage of cloud applications
adoption, while most enterprises view improved data security and
superior customer experience among the top benefits
- Stakeholder confidence on ROI is the top apprehension (60 percent)
while organizational readiness is second (40 percent) during cloud
application transformation
- Accurate estimation of time and costs (51 percent), monitoring
systems (51 percent), aligning existing legacy systems with new
technologies (49 percent) and promoting a culture change within the
organization (48 percent) are seen as major challenges in
operationalizing cloud application transformation program
- Enterprises where business executive layer (CEO, COO, CFO etc.)
are more involved across various stages of cloud application
adoption have higher levels of clarity on their digital
transformation and are more satisfied with the progress of cloud
journey

Dinesh Rao, Executive Vice President and Global Head - Enterprise Application
Services, Infosys, said, "As digital disruption impacts incumbents across
industries, the responsiveness of their operating models is what differentiates
the best from the rest. However, enterprises face many challenges as they
navigate the path towards being more sentient, 'live' enterprises - including
choosing the right cloud approach, technology investments to repurpose and
keeping up with data security. We believe the insights from this research can
help enterprises with legacy landscapes to accelerate their digital journeys."

For a full copy of the report, please visit:
www.infosys.com/research-study/enterprise-cloud-apps

Survey Methodology

A total of 853 senior executives and leaders involved in digital and cloud
initiatives responded to this research, which took place in July 2019. Only
companies with more than US $1 billion were chosen. Twelve industries were
covered, and respondents hailed from the United States, Europe, Australia and
New Zealand.

About Infosys

Infosys is a global leader in next-generation digital services and consulting.
We enable clients in 46 countries to navigate their digital transformation. With
over three decades of experience in managing the systems and workings of global
enterprises, we expertly steer our clients through their digital journey. We do
it by enabling the enterprise with an AI-powered core that helps prioritize the
execution of change. We also empower the business with agile digital at scale to
deliver unprecedented levels of performance and customer delight. Our always-on
learning agenda drives their continuous improvement through building and
transferring digital skills, expertise, and ideas from our innovation ecosystem.

Visit www.infosys.com to see how Infosys (NYSE: INFY) can help your enterprise
navigate your next.

Safe Harbor

Certain statements mentioned in this presentation concerning our future growth
prospects are forward-looking statements regarding our future business
expectations intended to qualify for the 'safe harbor' under the Private
Securities Litigation Reform Act of 1995, which involve a number of risks and
uncertainties that could cause actual results to differ materially from those in
such forward-looking statements. The risks and uncertainties relating to these
statements include, but are not limited to, risks and uncertainties regarding
fluctuations in earnings, fluctuations in foreign exchange rates, our ability to
manage growth, intense competition in IT services including those factors which
may affect our cost advantage, wage increases in India, our ability to attract
and retain highly skilled professionals, time and cost overruns on fixed-price,
fixed-time frame contracts, client concentration, restrictions on immigration,
industry segment concentration, our ability to manage our international
operations, reduced demand for technology in our key focus areas, disruptions in
telecommunication networks or system failures, our ability to successfully
complete and integrate potential acquisitions, liability for damages on our
service contracts, the success of the companies in which Infosys has made
strategic investments, withdrawal or expiration of governmental fiscal
incentives, political instability and regional conflicts, legal restrictions on
raising capital or acquiring companies outside India, and unauthorized use of
our intellectual property and general economic conditions affecting our
industry. Additional risks that could affect our future operating results are
more fully described in our United States Securities and Exchange Commission
filings including our Annual Report on Form 20-F for the fiscal year ended March
31, 2019. These filings are available at www.sec.gov Infosys may, from time to
time, make additional written and oral forward-looking statements, including
statements contained in the Company's filings with the Securities and Exchange
Commission and our reports to shareholders. The Company does not undertake to
update any forward-looking statements that may be made from time to time by or
on behalf of the Company unless it is required by law.

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