Cloud Adoption, Digital Transformation, and Data Security

US firms are increasingly utilizing multiple public clouds for power and agility, driven by application modernization and AI/ML tools. A study reveals that only 1 out of 4 enterprises can demonstrate a hard return on investment from cloud transformation, emphasizing the need for a fundamental shift in perception, where cloud is viewed as a business discussion, not a technology one. The insurance industry is predicted to undergo digital transformation in 2024, focusing on cloud services, AI integration, digital ecosystems, and sustainability. SMBs are advised to evaluate third-party vendors' data security and compliance standards to maintain data privacy and security.