Oracle Invests IDR 99 Trillion to Open Public Cloud Area in Malaysia

On the other hand, regardless of industry or market, digital businesses or digital native businesses (DNB) have utilized technology as a differentiator to increase speed and efficiency.

Essentially, DNB applies cloud-native design principles when building their technology infrastructure.

According to research by Akamai Technologies with TechnologyAdvice from March to May 2024, DNB is increasingly investing their funds in cloud-based technology, with a projected growth rate of 37.3% for the 2021-2026 period.

DNB’s technology infrastructure is designed with a composable microservices architecture, giving it the flexibility, agility and speed to market that are essential to meet the rapidly evolving digital space.

The survey shows that three out of four DNBs in the region are using cloud technology with a focus on efficiency and productivity. As many as 74% of respondents have completely migrated to the cloud or adopted cloud technology.

However, 26% of respondents have no plans to adopt cloud yet or are still exploring it, and this figure is consistent across regions (19% in Australia, 20% in India, and 29% in ASEAN).

This reluctance may be due to large companies having long been involved in highly regulated industries, coupled with a cautious approach to cloud that continues to be a barrier to cloud adoption.

However, according to Akamai Technologies CTO, Jay Jankins, there is a meltdown as DNB increases their investment in the cloud. This is evidenced by the high growth rate in cloud technology spending.

“29 percent of them have completely migrated to cloud technology, 24 percent are exploring cloud adoption, and 16 percent of them operate in a hybrid environment,” Jay explained in an Editor’s Roundtable session held virtually, Thursday (26/9/2024).