With the disruptions that followed with COVID-19, organizations all across the world struggled in transitioning their operating models in order to minimize disruption and sustain through the unprecedented times.
In these times, where the members of all organizations struggled to accept ‘the new normal’, CEOs played an instrumental role in directing actions across different functions of their business and in enabling cloud transformation. Gradually, the organizations that implemented cloud solutions managed to somehow minimize disruptions but couldn’t exactly sustain themselves.
This, along with a few more factors is what led companies to believe that their current investment in cloud-based technologies was not adequate to deliver business resilience. And with the second wave of COVID-19 disrupting livelihoods, businesses, and governments, here are a few tips for cloud transformation which make cloud a critical business imperative today.
One of the topmost concerns of businesses being skeptical about cloud adoption is the storage and control aspects of hosting business-critical data and software in the cloud. That said, most businesses will be glad to know that according to a global survey of senior IT security professionals conducted by Nominet, it was found that 61% of security experts believe cloud-based data and apps are more secure than on-premise data and apps.
The fact is that most companies saw moving to the cloud as an opportunity to maintain high productivity but as data, applications & users have increased in number, the emergence of hybrid workplace models & digital transformation has forced organizations into viewing security differently.
Dependency on IT
This is one big misconception. It’s true that IT is a key stakeholder but the fact is that it’s the business processes, data, and activities that move to the cloud. So, the big questions like ‘How’ and ‘When’ are all business decisions as they are simply logistical issues. That said, the IT department has to overcome it.
Another important point that you must keep in mind here is that while technology is important in this journey, the most successful approach is to migrate to the cloud, with finance, HR, supply chains, and other operations leading the way and IT supporting them.
Did you Know?
Over 45% of IT spending on infrastructure and applications will be shifted to the cloud by 2024 which is now accelerating due to the pandemic.
The Transition from Legacy System to the Cloud
In recent years, a lot of organizations have moved from legacy data centers to data lakes and especially post the pandemic. But while data centers, data lakes, and cloud-based platforms offer better performance at a lower cost and high scalability, the cloud enables data modernization practices by automating data pipelines and gives you access to advanced tools, resources, and higher flexibility.
Digital Transformation: The Broad Picture
Cloud computing is just one large part of digital transformation. But the other aspects, like the finance operating model, should also be considered because without that, a transition to the cloud would fall well short of expectations.
Conclusion: Leaders need to take the advantages of the cloud into consideration and recognize its potential in building business resilience in the rapidly evolving business environment of today.
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