New Delhi, Sep 12 : While 73 per cent of executives believe their companies are only beginning to leverage the potential of cloud, over 90 per cent recognise cloud’s vital role in enabling rapid response to critical business events, strategic pivots and adopting leading-edge technologies like AI, a new report showed on Tuesday.

About 87 per cent of the respondents said that they would not have been able to make significant pivots last year without cloud.  Businesses are relying on cloud to meet sustainability goals (91 per cent), to work through pandemic-related staffing and supply chain issues (87 per cent) and mitigate the impact of rising inflation (77 per cent), according to the report by HCLTech, a leading global technology company, based on a survey of 500 senior business and technology leaders across industries.