Independent Study Finds that Hybrid Cloud Enables Agility and Collaboration for Off-Cloud Workloads

Rhea-AI Summary

OpenText (NASDAQ: OTEX) released findings from a Forrester Consulting study highlighting the importance of hybrid cloud solutions for digital transformation. The report emphasizes that combining cloud and on-premises options can enhance flexibility, sales, and customer satisfaction. Key points include that 76% of organizations view improved content management as crucial for digital goals, and those using hybrid setups report better flexibility (70%) and customer satisfaction (80%). However, 64% of solely on-premises organizations feel competitively disadvantaged.

Positive

• 76% of organizations consider improved content management critical for digital transformation.
• Hybrid cloud users report 70% improved flexibility and 80% increased customer satisfaction.

Negative

• 64% of organizations relying only on on-premises solutions feel at a competitive disadvantage.

A hybrid cloud approach improves flexibility, sales and service cycles, collaboration, and customer satisfaction

WATERLOO, ON, Sept. 1, 2020 /PRNewswire/ -- OpenText™ (NASDAQ: OTEX), (TSX: OTEX) today announced the findings from a commissioned study conducted by Forrester Consulting on behalf of OpenText. The study confirms that migrating content management to the cloud remains critical for digital transformation. However, it also shows that a hybrid approach of both cloud-based and on-premises solutions can provide many of the same benefits, including improved flexibility, sales and service cycles, collaboration, and customer satisfaction.

The study, "Hybrid Cloud Enables Agile Content Management and Collaboration," includes insights from 208 respondents with responsibility for Enterprise Content Management (ECM) decisions at enterprises in North America and Europe. The study explores the use of hybrid infrastructures—a combination of cloud and on-premises—for content storage, management and collaboration use cases.

"OpenText, the global leader in Information Management, has been helping companies of all sizes and industries gain an information advantage for over 30 years," said Savinay Berry, SVP Cloud Services Delivery at OpenText. "A hybrid cloud approach provides organizations choice and flexibility. It allows them to manage and grow their content services solutions while expanding functionality and scale."

Key findings from the survey include:

• A modernized content management approach helps accelerate digital transformation objectives: Over three quarters (76%) of organizations cite improving content management as being significantly important to accelerating their digital business as demands for improved collaboration and customer experiences grow.
• Cloud is critical to a modern content strategy: Cloud content services simplify access, content creation, and interaction with both customers and business partners. Organizations that are using cloud for content storage, management and collaboration cite considerably greater improvements than their on-premises peers in the areas of customer satisfaction (72% vs. 25%), security (70% vs. 16%), and usability (64% vs. 16%).
• Companies mired in migration paralysis are being left behind: Nearly two thirds (64%) of organizations with content exclusively on-premises believe they face a competitive disadvantage and half (51%) struggle to keep up with customer expectations for self-service.
• A hybrid architecture provides a phased approach to content in the cloud: Hybrid cloud options allow organizations to move content and collaboration apps to the cloud at their own pace while still benefiting from the agility that comes with moving to the cloud.  Like organizations taking a cloud-only approach, those that adopt a hybrid approach report improved flexibility (70%), faster sales and service cycles (73% and 58%), and better collaboration (67%) and customer satisfaction (80%).

"We didn't have to move to the cloud all at once," said Joanne Bell, Information Management Team Lead at Waikato Regional Council, a local New Zealand government. "Instead, we took a hybrid approach with OpenText Core Share, a SaaS application to extend our existing investment in content services for improved securing, sharing and collaborating in the cloud with external partners and contractors."

The study also found that those looking to modernize their content management approach expect improvements in collaboration (52%), security (51%) and productivity (43%). OpenText is uniquely positioned to improve productivity and collaboration without compromising governance, security, and control through its integrated cloud-based information management solutions, which include content services and sharing, as well as data back up and endpoint protection. With flexible cloud-deployment options and managed service expertise, OpenText enables organizations to take advantage of the cloud in ways that best suit their needs.

Access the full study or read the blog to learn more.

About OpenText
OpenText, The Information Company™, enables organizations to gain insight through market leading information management solutions, on premises or in the cloud. For more information about OpenText (NASDAQ: OTEX, TSX: OTEX) visit www.opentext.com.

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Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on OpenText's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. OpenText's assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see OpenText's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC and other securities regulators. Unless otherwise required by applicable securities laws, OpenText disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Copyright © 2020 Open Text. All rights reserved. OpenText is a trademark or registered trademark of Open Text. The list of trademarks is not exhaustive of other trademarks. Registered trademarks, product names, company names, brands and service names mentioned herein are property of Open Text or other respective owners.

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SOURCE Open Text Corporation

FAQ

What did the recent OpenText study reveal about hybrid cloud solutions?

The study showed that hybrid cloud solutions significantly enhance flexibility, sales cycles, collaboration, and customer satisfaction.

How does OpenText's hybrid cloud approach affect digital transformation?

76% of organizations believe it is essential for accelerating digital transformation.

What competitive risks do organizations face with on-premises content management?

64% of organizations with only on-premises solutions feel they are at a competitive disadvantage.

What improvements do hybrid cloud users report compared to on-premises users?

Hybrid cloud users report greater improvements in customer satisfaction (80% vs. 25%) and security (70% vs. 16%).

What key findings were highlighted in OpenText's study on hybrid cloud and collaboration?

The study highlighted that hybrid cloud approaches provide greater flexibility and improved collaboration among organizations.