Hybrid industrial cloud adoption will more than double over the next five years at a respectable 21.1 percent compound annual growth rate (CAGR), according to a new report by ABI Research. The virtualization of business-critical infrastructure is transforming the production and distribution of goods and services throughout the supply chain as industrial organizations shift focus from private to public and ultimately hybrid cloud deployments that connect and integrate on-premise resources with cloud resources.

As artificial intelligence (AI) and machine learning deployments grow, cloud services are poised to benefit in a big way, according to a new report from IHS Markit.