The latest market trends indicate that enterprises will invest the most on digital transformation technologies that support operating model innovations. These investments will help enterprises focus on making business operations more responsive and effective by leveraging digitally-connected products/services, assets, people, and trading partners.
Why Spend on Digital Transformation Technologies?
In the last decade, enterprises’ thought process has shifted to “Thinking Digital” from “Being Digital” earlier. The always-on, anywhere, and everywhere business and consumer expectations are putting pressure on enterprises to quickly deliver high-performing, innovative imperatives. To keep up with the growing demand and competition, enterprises are developing digital transformation strategies that necessitate them to explore cloud opportunities. A well-formulated cloud strategy evaluates all aspects of cloud value in the context of specific business objectives — it covers everything from identifying the optimal areas of investment to quantifying the expected business benefits. Such a cloud strategy ensures that new technological capabilities are applied for maximum business gain, thereby creating a clear implementation roadmap that supports business growth.
Online transportation networks are the perfect example of how enterprises have benefited from the cloud. These companies are the poster children of the sharing economy that exists only because of the advances in connectivity and cloud. Cloud computing has helped these companies develop next-generation systems, such as global positioning systems, central coordination platforms, payment systems, and advanced analytic tools, which has helped businesses engage better with their clients. . These companies have created an attitude shift, particularly in the younger generation – the millennials – that has been raised on digital devices and is always connected.
The new global culture hinges on further evolution of systems that are nimble, quick, and connected. Therefore, it is imperative that the only way forward is through the cloud.
How to Get the Cloud Strategy Right?
Given below is how enterprises of all sizes – from small- to medium-sized to large – have been adopting the cloud across the globe.
1. Develop the strategy
Enterprises need to know when and how will the move on the cloud happen. They should also know what can be moved as it is and what may need architectural and code changes to benefit from the cloud. It is important for an enterprise to identify which applications can be migrated on the cloud by using popular SaaS applications and where cloud platforms can be used. If enterprises do not have the required expertise, it is recommended that they work with a partner who has the right skills and understanding to help develop a cloud strategy and roadmap. For all new applications, the important question to be asked is "Why not a cloud policy?"
2. Architect scalable applications
The right architecture is a must-have before any cloud deployment or migration. It allows applications to make use of the advantages that a cloud platform delivers, such as scalability and agility.
Once the abovementioned steps are completed, enterprises can start migrating existing applications or deploying new applications on the cloud. DevOps must be explored as much as possible during the implementation phase. Automation can bring down the deployment and maintenance cost significantly.
Predictable Value Delivered by the Cloud
The right cloud strategy should deliver predictable value for a business, such as: