Industry clouds set for slow start in the new year: Forrester
Summary
The market for industry-specific cloud solutions will grow at a modest rate of percentage points below vendor expectations, according to Forrester research . • None While there are now hundreds of industry verticals across finance, healthcare, manufacturing, retail and other large sectors, elusive ROI and persistent budget scrutiny will hinder adoption in the short term, the report said . • None Instead of investing in industry cloud, enterprises will prioritize operational cost-cutters like workflow automation, tactical AI, user-experience technologies and low-code capabilities that boost efficiency and improve customer experience, according to Forrester . But for many companies, tailored verticals have complicated the decision-making process, Forrester Senior Analyst Akshara Naik Lopez told CIO Dive. “Industry clouds are really a mixture of platform and software that hits different layers in the tech stack where there are already generic solutions available,” Naik Lopez said.