At the same time there is growing pressure for cloud vendors to shelve regular, but slow full product updates, and instead move to continuous improvement. For some organisations this will require them to consider abandoning traditional waterfall development in favour of Agile system development demanding a cultural overhaul.
Not that a company can completely abandon its legacy businesses. According to the report; 'For many years the legacy businesses of technology companies still will dominate in the revenues and need substantial investment to keep operating profitably.'
The challenge for senior management is to be able to make the right decisions about where to invest, which models to embrace and run in parallel, and which business models need to be retired. 'Governance and decision making is where the rubber meets the road in building successful cloud businesses,' according to Accenture.
It notes that even mid-sized companies can become almost paralysed at decision making time, especially where leaders are facing decisions that may see cloud services cannibalise legacy businesses. As one interviewee noted companies should expect to face battles and 'religious wars' when making the hard decisions.
So how can vendors get it right? Read on.