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Cloud & Infrastructure Market Trend Reports ADAPT’s 2024 Cloud & Infrastructure Edge insights for Australian technology providers by Byron Connolly Sep 19, 2024 | 9 mins

Executive summary

The modern cloud landscape is more complex than ever. Australian organisations have plenty of options – public and private, hybrid and multi-cloud offerings – and some are now saddled with cloud services that may not be returning enough value for the money spent.

The question then becomes: Are our enterprises losing faith in the cloud? It’s possible, given that almost one-fifth of the infrastructure leaders ADAPT surveyed in July 2024 indicated that they intend to bring some of their public cloud workloads back in-house.

This is perhaps an aspirational number rather than an actual one given that public cloud services support 46% of all workloads across these organisations, a 21% increase since 2023.

Gaining the most value from cloud services as organisations work to modernise their tech infrastructure was a key theme at ADAPT’s 12th Cloud & Infrastructure Edge (CIE) in Sydney in July. The event was attended by around 160 execs from organisations responsible for generating 42% of Australia’s GDP.

In this report, ADAPT discusses several findings from surveys, presentations and roundtable discussions at Cloud and Infrastructure Edge.

We discuss:

  • FinOps immaturity across Australian enterprises.
  • Building more cost effective and secure infrastructure as top goals for infrastructure execs.
  • Integrating AI into technology roadmaps in the coming year.
  • The need for more computing power while introducing renewable energy sources in the mix.
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