By Shantanu Kaushik
Cloud computing is setting trends. Digital transformation is the equivalent of crossing a bridge today towards a safer and brighter tomorrow. Enterprises require solutions that bring business intelligence to introduce both business continuity and productivity. While a lot of organizations are going through digital transformations, there is a considerable increase in investments from organizations with a cloud strategy already in place.
According to the latest forecast from Gartner, “Worldwide IT spending is projected to total $3.9 trillion in 2021, an increase of 6.2% from 2020.”
2020 saw enormous growth in employees working from home and remote work culture. The remote and contactless concepts facilitated continuity in many fields, including education. Many projections say organizations’ IT spending habits will return to normal and grow considerably in 2021.
Gartner stated, “All IT spending segments are forecast to return to growth in 2021. Enterprise software is expected to have the strongest rebound (8.8%) as remote work environments are expanded and improved. The devices segment will see the second highest growth in 2021 (8%) and is projected to reach $705.4 billion in IT spending.”
Certain segments, such as Artificial Intelligence (AI) and Automation, are expected to gain more momentum and get bigger budgets from organizations. There is a significant increase in organizations looking to adopt the cloud after formulating a strategy.
In this article, we will explain how to create a robust and cost-effective cloud strategy to simplify your digital transformation requirements.
Shifting to a cloud setup is about prioritizing growth over traditional and stagnant business safety. Adopting cloud computing over traditional business practices might seem a little risky. However, the plethora of benefits associated with cloud computing is more than enough to overcome any migration risks. Let’s talk about two major advantages when shifting to the cloud:
If your competition has already shifted to the cloud, it could slow down your progress.
As a leader, you are responsible for the good decisions and the bad ones. Leadership suggests making informed and in-time decisions to boost the growth of your organization. Making well-informed decisions with input from your IT teams showcases leadership.
A well-formulated cloud strategy contains an outline of what cloud computing will bring to the organization. We do not recommend moving the entire business to the cloud. Migration is always done in phases.
While strategizing a shift plan, you should list which parts you want to migrate to the cloud and keep in-house. You can compare your cloud strategy to a good cookbook; continue adding recipes and modifying the recipes to make them better.
Evolution is inevitable. Things that do not evolve become obsolete and phase out. Upgradation leads to continuity and more chances of success.
Gartner predicts, “ Through 2024, businesses will be forced to accelerate digital business transformation plans by at least five years to survive in a post-COVID-19 world that involves permanently higher adoption of remote work and digital touchpoints. IT spending related to remote work will total $332.9 billion in 2021, an increase of 4.9% from 2020.”
A good strategy and the requirements of your business will pave your way to a near-perfect cloud practice. You need to outline a cloud solution for every complexity you face in your current business practice to make an informed shift to the cloud. You can start by investing more time on the drafting board and slowly move towards the first solution.
The prominent challenges associated with formulating an effective cloud strategy are listed below:
In Part 2 of this series, we will discuss solutions to the challenges in this article. We will also help you choose the correct services and cloud architecture.
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