How does Migration to Cloud Transform a Business?

Rapidly changing customer demands have forced organizations to adopt new technologies and innovations. Today, most organizations are leveraging AI, ML, IoT, etc. to meet the needs of their buyers. Digital transformation is a new paradigm to stay competitive. To help this, the cloud is being utilized to facilitate establishing a robust digital transformation framework.

Cloud is being extensively leveraged currently by businesses and it is expected that by 2020, 83% of the workloads will be hosted on the cloud! (Source: Forbes)

As per Right Scale’s annual state of cloud report for 2019:

• 91% of the businesses use a public cloud
• 72% use a private one
• Most enterprises use both options with 69% opting for the hybrid solution.

How exactly does cloud computing work?

Cloud computing implies sharing resources, data, and software through the internet. The data is stored on physical servers maintained and controlled by the service provider. A user can access data at any time on the cloud through the internet.

This opens doors to unlimited opportunities to manage data! You do not need to store data on a hard disk but can access it from any location and download it on any device of your choice. It also offers you an opportunity to edit data on Word documents or PPTs simultaneously with other users who are remotely connected.

What does migrate to Cloud imply?

Cloud migration can be understood as moving data, applications, and other business systems to a cloud computing environment.

Types of Cloud Migration

• Moving data, applications, etc. from an on-premises data center to a public or private cloud.
• Cloud to Cloud migration which entails moving data, applications etc. from one cloud to another.

Is it necessary to migrate to the cloud?

In present times, it is necessary for businesses to be quick to respond to changes taking place in the market. They also need to make smarter decisions. This is facilitated by the cloud since it offers business access to large volumes of data. Besides migration to the cloud also enables a business to implement new technologies easily.

Cloud services are fast, secure, and convenient to use. As a result, they have something to offer businesses of all sizes.

Therefore, it comes as no surprise that global public cloud service is expected to reach $206.2 billion in 2019! (Source: Forbes)

How can migration to Cloud Transform a Business?

1. Access to Data

Migrating to the cloud enables a business to access unlimited data. Besides, they do not need to store the data locally and can access the data as and when they want it online. They can make data-based decisions that will be more accurate and benefit the business.

2. Collaboration

Cloud facilitates multiple users to access data simultaneously. Therefore, various decision-makers who are remotely located can manipulate data easily and decision making becomes faster.

Different stakeholders can easily collaborate through the cloud and come to a common conclusion.

3. Solves the Problem of Data Storage

Cloud has solved the problem of data storage. Earlier data was stored on hard disk or USBs, etc. These devices had their storage limits. However, the cloud offers a business the facility to store unlimited data.

4. Worldwide Access

Cloud offers its users worldwide access. They can now access data when they are traveling, or wherever they are. This benefits the business because the employees can work from home or when they are traveling on business trips without carrying documents, etc. This enhances their productivity.

5. Agility

In present times, agility is imperative for all businesses. They need to continually revise their business models to keep up with the customer demands and the evolving market. T Cloud offers the necessary infrastructure, platforms, and computing platforms that enable the business to stay agile.

6. Scalability

One of the biggest benefits that the cloud offers a business is scalability. Migrating to the cloud enables a business to scale its operations easily. Cloud offers the business the flexibility to scale up its data storage capacity or scale down according to the demands of your business.

7. Speeds up Prototyping

Businesses generally follow a cycle of innovating, testing, implementing, and repeating. Cloud facilitates the execution of this process without deploying any complicated resources or infrastructure.

8. Makes Your System reliable

When you use your own servers, you need to manage more hardware to prepare your business for outages. However, when a business migrates to the cloud, it makes your system more resilient and ensures that the data is available.

9. Saves Time

By migrating to the cloud, your workforce can focus on other areas of business instead of IT infrastructure and maintenance. This can help in the growth of the business.

10. Cost-effective

Migrating to the cloud is a cost-effective solution because it saves the upfront costs of purchasing, managing, and upgrading the IT systems. Cloud effectively converts capital expenditure to operational expenditure. A business can choose a “pay as you go” model and other customized packages and drastically reduce its IT expenses.

Cloud has become an integral part of several industries and is set to even impact those that have not currently adopted it.

Here’s a look at what the industry experts expect about cloud adoption in various sectors:

• According to the Economist Intelligence Unit, 90% of the experts expect the cloud to revolutionize the banking sector by offering new ways of payment.
• 70% of experts expect the cloud to become a major factor in the retail sector by 2020. (Source: The Economist Intelligence Unit)
• The Manufacturing industry is expected to spend more than $5 billion on cloud services in 2019. (Source: Manufacturing)
• 70% of companies that offer financial services are already in the early stages of cloud adoption. (Source: Information Age)

In Conclusion

Digital transformation is imperative for businesses in today’s highly competitive marketplace. Migrating to Cloud simplifies the process of digital transformation. Cloud migration empowers a business to successfully leverage new and advanced technologies for its benefit!

Cloud services are taking the business world by storm because they offer enhanced security, minimize costs, offer businesses flexibility which is what businesses are looking for in the ever-changing market!