Although cloud gains can be slow, they are significant for your business. Getting total value from the cloud requires a commitment to continuous reinvention.
Current Cloud Value
Businesses are rushing toward cloud adoption to drive greater resilience, efficiency, and growth. They are seeking to build the agility to tackle current challenges and drive ongoing competitive advantage. However, many companies still require additional effort to materialize their cloud aspirations and progress toward reinvention.
The global outbreak of COVID-19 served as a crucial turning point, compelling businesses to regard cloud computing as a pressing imperative rather than a mere option. With a thriving economy, companies embarked on their cloud computing journeys with ambitious visions in mind. According to an Accenture survey, approximately 32% of the companies perceive their expedition to the cloud as finalized and are content with their ability to fulfil present business objectives. Moreover, 41% acknowledge that their cloud journey is still in progress and persistently transforming to accommodate the varying necessities of the business.
Overcoming Problems with Extensive Data
The contemporary landscape of enterprise data operates on an entirely different magnitude. To many organizations, the cloud has persistently opened up an increasingly broad spectrum of sophisticated data capabilities, primarily artificial intelligence (AI) and machine learning (ML). Research shows that a mere 25% of organizations are presently attaining the full potential of their data and analytics initiatives. However, AI can only achieve its maximum potential once businesses resolve data-related issues.
Adapting shifting technology spend
According to a cloud computing report, during the early stages of cloud adoption, providers and enablers promised a significant reduction in operational expenses, ranging from 20-40%. Despite the fact that some organizations have achieved this goal for certain workloads and applications, there are few that have achieved such efficiency across a wide range of tasks. Numerous entities are encountering setbacks in realizing their ROI and contending with spiraling invoices on a monthly basis.
Enabling and Accelerating Cloud
Cloud technology is a significant catalyst for the transformation of data and a critical facilitator of groundbreaking business prospects. It provides built-in and seamlessly integrated platform services for organizations in various industries, including centralized monitoring and logging functionalities, scheduling, and orchestration. Moreover, cloud technology permits easy customization of computing and storage capacity according to specific industry requirements and enterprise needs, utilizing a range of offerings, from optimized computing power to storage nodes.
Commitment to cloud computing has skyrocketed in two years, and realizing its full potential is now more attainable than ever. However, realizing this requires a shift in mindset, focusing on the journey toward cloud adoption rather than solely on reaching the destination.
It must be acknowledged that cloud computing is a muscle that requires continuous strengthening. Although transforming existing technology to the cloud is a heavy lift, the possibilities that await are numerous. The momentum gained from successfully migrating to the cloud paves the way for Total Enterprise Reinvention and puts you on the fast track toward achieving your goals. The key is identifying the right opportunities and persevering even when facing challenges or setbacks.
We have now reached a turning point in this journey. Migrating to the cloud is the first step in unlocking its full potential and driving continuous transformation. The real challenge lies in identifying the appropriate use cases that revolve around a more expansive definition of value. We can optimize operations and expedite growth by utilizing cloud computing as an operating system that integrates data, artificial intelligence, applications, infrastructure, and security.