For Oracle CEO Mark Hurd, the rapid rise in cloud computing is a simple function of math—and he also adds a twist to the equation.
Citing global GDP growth of a meager 3.2 percent, Hurd recently explained in a post on LinkedIn that there’s really only one lever public company CEOs can pull in this economic environment if they want to satisfy shareholders: bring more innovative products to market more quickly as a means of grabbing market share.
Doing so, he says, requires cloud computing as the linchpin of a growth strategy. “What makes cloud computing so revolutionary is that it can permeate everything your company does, from back-office processes to how it goes to market,” he writes. “It makes possible the digital transformation companies need to thrive in today’s market.”
Hurd goes a step further in his post, noting that cloud computing is so essential to growth strategies that the main questions about cloud adoption are shifting. “The question isn’t whether you should be using cloud computing,” he says, “It’s whether your company has the right leadership to make the best strategic use of the cloud, and fast.”
Click here to get the specifics on how Hurd suggests companies ‘stress-test’ their management teams to make sure they’re using the cloud to genuinely drive digital transformation, as opposed to merely keeping up with the Joneses.