Companies worldwide are driving growth through the cloud, some more quickly and successfully than others. Early cloud leaders have found that their investments boost resilience and efficiency, and enable long-term gains. Among the most diligent early adopters are communications, media and information services (CMI) companies.

As a sector, CMI embraces cloud as the growth strategy according to Wipro FullStride Cloud Services research. Operating from a single, cloud-based platform “quickly saves costs, sharpens predictions, and allows us to innovate more,” said the CEO of one Australian CMI company included in our survey.

Although they see some cloud ROI today, CMI companies are reinvesting their returns into long-term ventures to position themselves for bigger growth in the future. Compared to other sectors, CMI companies:

• Undertake more cloud initiatives and spend more than three times the average on their cloud ventures
• Have more than triple the average number of people working on cloud ventures
• Devote more than double their total IT budget to cloud than the average