Business Express is an online portal that covers the latest developments in the world of business and finance. From startups and entrepreneurship to mergers and acquisitions, Business Express provides reporting on the stories that matter most to business leaders and decision-makers.The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

73.2% of enterprise organisations need more mature IT processes, study indicates

An overwhelming majority of enterprise organisations would be better supported by higher levels of IT process maturity, according to new research by client-side IT advisory CloudStratex.

The survey, which encompassed senior figures across a swathe of enterprises employing 500-10,000+ individuals, identified a number of shortcomings across current approaches towards operational resilience, cloud and legacy integrations, and the (in)efficiency of cloud financial management.

CloudStratex was quick to identify a particularly concerning lack of maturity in the context of cloud FinOps, also known as cloud financial management. Over 70% of respondents were unable to confirm that their organisation doesn’t waste money on cloud subscriptions, with 57.5% stating outright that moving to the cloud has increased their IT costs.

Other notable survey findings included:

  • 75.8% of organisations believe that a more resilient IT environment would increase their business productivity.
  • Over 75% of respondents were in agreement with the statement: “the number and duration of business outages could be reduced if your organisation had a better understanding of its application and infrastructure environment.”
  • A majority of respondents reported that their Configuration Management Database (CMDB) is consistently out of date.

Discussing these findings, Adrian Overall, CEO of CloudStratex, said: “I think the key insight to take away from our research is simply that cloud’s purported benefits – often named in terms of efficiency, agility, scalability, and so on – don’t always happen automatically, and certainly not without a price that can be tricky to pay without the right planning and execution.

Organisations are facing unprecedented regulatory pressure to increase their IT resilience, while the glamorous promise of cloud is now being met with the tricky reality of inefficient or semi-realised implementations with legacy infrastructure and technology.

That’s why we take such pride in our own efforts to help organisations not only correct their current cloud inefficiencies, but to leave them capable of standing on their own two feet long after our interventions are implemented.”

Based in London, CloudStratex specialises in outcome-focused consultative practices, helping its clients to sustainably achieve operational resilience, integration, and efficiency across their IT environments and businesses more broadly.

Don't miss out on any breaking news or insightful opinions!
Subscribe to our free newsletter and stay updated on the go!

By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email.

The advisory firm is also committed to providing and leveraging the next generation of IT leaders through its Talent Academy, a scheme that has seen CloudStratex playing its part in addressing the UK’s IT skills gap.

Resilience, Integration & Efficiency – Insights Report 2022 can be downloaded here.

For more information, visit

Media Contact:

Hannah Haffield

0121 594 0712/ 07939 468 567


This is a Sponsored Feature

Recent Post: