The digital revolution, spurred by innovation in tech and the work-from-home economy, has instigated growth in the cloud services market, which is projected to grow 16.4% and reach a market value of $927.51 billion by 2027. Yet, due to cloud myths and uncertainties about the cost and scale of the change, some business owners are hesitant to adapt to evolving tech that will reshape their business processes and operations.
This may include utilizing cloud services by modernizing data storage with cloud migration. There are firms focused on simplifying digital evolution that can be outsourced for support, but the first step to modernizing your business is learning more about the impacts of cloud migration.
When changing operations, many businesses focus on where they can trim costs and elevate efficiency. The journey to cloud is no different, but businesses should focus on creating a strong migration plan and consider utilizing application migration services that can help manage the transition at scale. Data from application migration services show that companies that migrate applications to the cloud deliver solutions 2-3 times faster on average than their counterparts who still rely on legacy formats.
Rather than analyzing and comparing the on-premise costs vs. cloud costs, businesses should focus on the long-term benefits and opportunities of cloud-enabled efficiencies. This includes improved analytics, faster time to market, expansion into new markets, stronger innovation, and a greater understanding of customer needs.
Data security and privacy in cloud computing is a major concern for businesses, that’s no myth. Whether on the cloud or not, 60% of small companies that suffer a cyber attack are out of business within a six-month time frame. However, companies that provide cloud consulting services make cybersecurity a pillar of their services.
Security and regulatory compliance strategies guide cloud platform operations, and the expectation is that a premier cloud platform will provide better data security than on-site IT. The benefits of utilizing the cloud through a provider often include end-to-end encryption and the ability of the enterprise to partner with other cloud security platforms and solution providers to ensure the tightest security with their services.
Any company transitioning to the cloud will need to develop a cloud migration strategy. Business leaders should consider their goals, make assessments for cloud readiness, and think through any looming changes to the organization’s processes and responsibilities.
The cloud myth that is sometimes sold here is that you can get “quick, cheap, and quality” with easy, off-the-shelf solutions. The better cloud providers will stress that a disorganized migration could result in the inability to control costs or make the most of the resulting infrastructure.
Give appropriate time and attention to goal-setting, assessment, and cloud migration strategy. You don’t want to be left holding the bag of a messy migration that limits expected performance gains or the ability to do advanced analytics without spending more money.
Traditionally, data stored on file servers has been seen as relatively secure; a physical server and its location can be physically protected with native security measures that admit or prohibit access to certain data, especially in the event of an audit.
Companies may wonder about the process of auditing after cloud migration because their data no longer exists in a secured on-premise location and is managed by a third-party. Address this issue ahead of time by making sure you select a cloud platform that includes audit and compliance services; this will ensure that internal and external auditing can be seamlessly performed.
Cloud computing will affect IT jobs — but that doesn’t mean it will eliminate them. The economy may see a reduction of in-house IT demands but may also expect to see a rise in IT positions to assist with remote maintenance and cloud networks.
When a company migrates to the cloud, the cloud service provider may manage the network and data security center, but oftentimes businesses will still rely on crucial in-house IT administration for their own logical access. It’s not a one-size-fits-all proposition; there are various opportunities to stage your journey in a way that meets the organization’s myriad needs and interests.
Transitioning to a single cloud platform allows businesses to get comfortable with the processes and tools used to manage a single cloud environment. Managers and decision-makers might feel that taking on additional cloud platforms could be a burden to employees and operations.
However, utilizing a multi-cloud strategy has many benefits that include leveraging the best infrastructure, reducing operating costs, and improving operational resilience by diversifying IT operations across multiple platforms. Technology is being produced every day that connects multiple cloud platforms – and the data – and debunks the myth that a single platform is optimal.
No, cloud migration will not eliminate the need for organizational infrastructure within a company. While some operations and infrastructure-as-a-service providers can manage networks, hardware, and resources, the organization, utilization, and performance of the tools will still need to be configured by an infrastructure team that can build and manage templates, architecture, and on-premise services.
An infrastructure team can also better manage the use of the cloud to ensure that the business is achieving the full range of benefits, agility, innovation, and performance of their migration to the cloud. There are a lot of change management best practices that a great vendor can share with you as part of their engagement. The best advice is to seek a consultant that includes these as part of services, and bring your infrastructure tram along on your cloud journey from the beginning with full transparency.
What are the Differences? Though often used interchangeably, data pipelines and ETL are two different methodologies for managing and structuring data. ETL tools are used for data extraction, transformation, and loading. Whereas data pipelines encompass the entire set of processes applied to data as it moves from one system to another. Sometimes data pipelines involve transformation, and sometimes they do not.Explore
What is a Hybrid Data Center? A hybrid data center is a computing environment that combines on-premise and cloud-based infrastructure to enable the sharing of applications and data across physical data centers and multi-cloud environments. This allows organizations to balance the security provided by on-premise infrastructure and the agility found with a public cloud environment.Explore
Leverage Your Data to Discover Hidden Potential The amount of data in the insurance industry is exploding, and the number of opportunities to leverage this data to achieve large-scale business value has exploded along with it. Rapid integration of technology makes it possible to use advanced business analytics in insurance to discover potential markets, risks, customers, and competitors, as well as plan for natural disasters.Explore
Increased Use of Data Lakes As volumes of big data continue to explode, data lakes are becoming essential for companies to leverage their data for competitive advantage. Research by Aberdeen shows that organizations that have deployed and are using data lakes outperform similar companies by nine percent in organic revenue growth.Explore
Is a User Journey Similar to a User Flow? User journeys are similar to user flows in that they illustrate the paths users follow when interacting with your product or service. While both tools help to provide valuable insights when optimizing the experiences that guide your customers from A to B, the two terms cannot be used interchangeably. Let’s explore their differences so you can decide which tool is better suited to optimizing your user experience (UX).Explore
Develop Greater Customer Understanding If you want to create memorable customer experiences, you need to understand your target audience before initiating any marketing efforts. This means digging deep to empathize with your customers by learning what is going on inside their heads, their needs, and what they feel when interacting with your products or service. From this knowledge, you can effectively market to your customers by reaching them on a visceral level.Explore