In 2023, Ecosystm joined forces with Ramco to conduct a comprehensive survey study titled ‘Future of Employee Experience.‘ This research deep-dived into the evolving realm of HR and payroll, focusing on the strategies deployed by leading organizations to enhance the employee experience (EX).

Drawing from the insights, we present a transformative report that outlines the key steps to empower your payroll management in Australia:

Download our eBook titled “Developing a Cross-Border Payroll Strategy: 3 Steps to Ensure Better Payroll Management in Australia“. The Ecosystm-Ramco Future of Employee Experience Study 2023.

Discover how sustainability initiatives in Australia are shaping a greener future as industry experts discuss progress, challenges, and partnerships driving positive change.

Join Sash Mukherjee, VP Industry Insights at Ecosystm, and industry leaders Lia Nicholson, Head of Sustainability at Terrascope, Kai Lincoln, VP Global Sustainability at SEKO Logistics, and Rory Martin, VP Group Sustainability at Frasers Property as they shed light on the progress, challenges, and partnerships shaping sustainability initiatives within the Food & Agriculture, Logistics, and Real Estate & Construction industries in Australia.

Gain valuable insights into the innovative solutions being implemented, collaborative efforts driving change, and the collective determination to build a greener and more sustainable future. Don’t miss this thought-provoking discussion on how industries are paving the way towards a sustainable Australia.

All growth must end eventually. But it is a brave person who will predict the end of growth for the public cloud hyperscalers. The hyperscaler cloud revenues have been growing at between 25-60% the past few years (off very different bases – and often including and counting different revenue streams). Even the current softening of economic spend we are seeing across many economies is only causing a slight slowdown. 

Looking forward, we expect growth in public cloud infrastructure and platform spend to continue to decline in 2024, but to accelerate in 2025 and 2026 as businesses take advantage of new cloud services and capabilities. However, the sheer size of the market means that we will see slower growth going forward – but we forecast 2026 to see the highest revenue growth of any year since public cloud services were founded. 

The factors driving this growth include: 

• Acceleration of digital intensity. As countries come out of their economic slowdowns and economic activity increases, so too will digital activity. And greater volumes of digital activity will require an increase in the capacity of cloud environments on which the applications and processes are hosted. 
• Increased use of AI services. Businesses and AI service providers will need access to GPUs – and eventually, specialised AI chipsets – which will see cloud bills increase significantly. The extra data storage to drive the algorithms – and the increase in CPU required to deliver customised or personalised experiences that these algorithms will direct will also drive increased cloud usage. 
• Further movement of applications from on-premises to cloud. Many organisations – particularly those in the Asia Pacific region – still have the majority of their applications and tech systems sitting in data centre environments. Over the next few years, more of these applications will move to hyperscalers.  
• Edge applications moving to the cloud. As the public cloud giants improve their edge computing capabilities – in partnership with hardware providers, telcos, and a broader expansion of their own networks – there will be greater opportunity to move edge applications to public cloud environments. 
• Increasing number of ISVs hosting on these platforms. The move from on-premise to cloud will drive some growth in hyperscaler revenues and activities – but the ISVs born in the cloud will also drive significant growth. SaaS and PaaS are typically seeing growth above the rates of IaaS – but are also drivers of the growth of cloud infrastructure services. 
• Improving cloud marketplaces. Continuing on the topic of ISV partners, as the cloud hyperscalers make it easier and faster to find, buy, and integrate new services from their cloud marketplace, the adoption of cloud infrastructure services will continue to grow.  
• New cloud services. No one has a crystal ball, and few people know what is being developed by Microsoft, AWS, Google, and the other cloud providers. New services will exist in the next few years that aren’t even being considered today. Perhaps Quantum Computing will start to see real business adoption? But these new services will help to drive growth – even if “legacy” cloud service adoption slows down or services are retired. 

Hybrid Cloud Will Play an Important Role for Many Businesses 

Growth in hyperscalers doesn’t mean that the hybrid cloud will disappear. Many organisations will hit a natural “ceiling” for their public cloud services. Regulations, proximity, cost, volumes of data, and “gravity” will see some applications remain in data centres. However, businesses will want to manage, secure, transform, and modernise these applications at the same rate and use the same tools as their public cloud environments. Therefore, hybrid and private cloud will remain important elements of the overall cloud market. Their success will be the ability to integrate with and support public cloud environments.  

The future of cloud is big – but like all infrastructure and platforms, they are not a goal in themselves. It is what cloud is and will further enable businesses and customers which is exciting. As the rates of digitisation and digital intensity increase, the opportunities for the cloud infrastructure and platform providers will blossom. Sometimes they will be the driver of the growth, and other times they will just be supporting actors. But either way, in 2026 – 20 years after the birth of AWS – the growth in cloud services will be bigger than ever. 

Ecosystm Leaders BreakFirst – Panel Question and Answer session with the audience.

Panellists:

• Mallika Gadepalli, Vice President Corporate Strategy, PropertyGuru Group
• Peter Carr, Vice President, Ecosystm Consulting
• Kaushik Ghatak, Principal Advisor, Ecosystm

Moderator:

• Ullrich Loeffler, CEO, Ecosystm

In today’s globalised world, where disruptions can have cascading effects on the entire supply chain, resilience has become increasingly important. In this presentation, Kaushik Ghatak, Principal Advisor, Ecosystm explores how leading organisations are leveraging Industry 4.0 capabilities and embracing digitalisation to make their supply chains more transparent, connected, and collaborative.

• How supply chain resilience will help organisations weather disruptions
• How supply chain digitalization is providing visibility, agility, efficiency, and collaboration
• Best practices and real-world examples of organisations that have successfully leveraged digitalisation to build resilience

Peter Carr, Vice President, Ecosystm Consulting unveiled the Six Strategic Imperatives that have been shaped by the high-impact incidents defining our ever-changing world. Against the backdrop of the significant global events of the last few decades, he discussed:

• Why 21st-century challenges are different
• How strategic preparation is driving operational readiness
• Aligning key technology trends with the six imperatives
• Implications for modern Workforces
• Examples from Healthcare, FSI and Government

Join us in this podcast as Abhishek Rathi, VP, Digital Solutions, Customer Engagement & Wellness at Prudential Financial, engages in a captivating conversation with Sash Mukherjee, Vice President Industry Insights at Ecosystm.

Together, they unravel the intriguing principles of the 10 Cs of Digital Transformation, a comprehensive framework that revolves around the fundamental philosophies of The Mind, Body, and Soul. In an era dominated by the emergence of GenZ and Alpha generations, understanding your customers and adapting your strategies accordingly is more critical than ever.

By actively listening to your customers and incorporating the 10 Cs into your business approach, you can gain invaluable insights into consumer behaviour and craft highly effective marketing strategies. These principles offer a gateway to forge deeper connections with your audience, propelling your business towards unparalleled growth and success.

If you’re eager to stay at the forefront of the business and technology landscape, don’t miss this episode and explore Abhishek’s previous conversations and interviews with renowned leaders in the field.

In this captivating podcast episode, join Sash Mukherjee, VP Industry Insights at Ecosystm, as he engages in a thought-provoking dialogue with Abhishek Rathi, VP of Digital Solutions, Customer Engagement & Wellness at Prudential Financial. Together, they delve into the concept of the 3D’s: Digitisation, Differentiation, and Disruption, shedding light on their profound significance in today’s rapidly evolving business landscape.

Tune in to gain valuable insights into how these three elements shape the path to success in the digital age. Discover the pivotal role of Generative AI in driving transformational efforts and unlocking new possibilities for organisations, paving the way for innovation, efficiency, and growth.

Abhishek Rathi, an industry expert, shares his wealth of knowledge by revealing the different phases of the 3D’s. From understanding the importance of digitisation and leveraging it for cost efficiency and inward focus, to achieving differentiation through strategic partnerships, AI-based underwriting, predictive analytics, and wellness ecosystems.

Whether your organisation is already embarking on a transformational journey or considering one, Abhishek’s valuable advice provides guidance and direction. Learn how to overcome challenges, seize opportunities, and navigate the path to success in a rapidly changing digital landscape.

Make sure not to miss out on this exciting conversation, and stay tuned for the next episode of their discussion where Abhishek will delve into principles of the 10 Cs of Digital Transformation, which encompasses three key philosophies: The Mind, Body, and Soul.