Slow and steady do not always win the race. Time with cloud technology and experiments is long gone. Today, cloud technologies are becoming an integral part of human lives. Be it business, workforce, or the life of a mango man, cloud tech touches our day-to-day routine one way or the other.
However, the slow adoption rate was given a big blow by the COVID-19 pandemic. Risk to human lives, lockdown, and strict federal regulations forced enterprises to focus on cloud tech sooner than expected.
Now with each passing moment, businesses work towards a smooth cloud tech adoption and the transformation of traditional models.
The Rise of Cloud Computing and Digital Transformation
According to Forbes, around 83% of workloads will be hosted on the cloud by 2020. 74% of Tech CFOs believe cloud computing will be the biggest business driving force. 89% of enterprises plan to adopt or have already adopted digital transformation.
Another study by Forbes shows that executives consider digital transformation a critical survival methodology. An IDG study reveals that around 92% of executives consider digital transformation plans integral to their firm’s business strategy.
For any digital transformation to happen, it is imperative for the technology ecosystem to go hand in hand with the scope of digital transformation outlaid. In a multi-cloud reality, all terms like IoT, cloud computing, and the approaches taken all fall under the same umbrella terms.
CIOs are looking at getting away from legacy IT systems and achieving a hybrid cloud environment in a multi-cloud environment in a more realistic way.
How is Cloud Computing Technology Helping Businesses Become Agile?
Cloud technologies are the foundation stone of today’s agile business world. A best-suited cloud tech not only speeds up the process, automates & improves business but also helps companies with increased –
- Flexibility
- Cost-saving
- Security
- Collaboration
Some of the newest cloud technology witnessing rapid inclusion are-
- Artificial Intelligence
- Machine Learning
- Big Data Analytics
- Internet of Things
However, these technologies require heavy computational power and storage space, and setting up an in-house solution is not cost-effective. In these situations, cloud computing solution providers become life saviors.
Why Businesses Need Digital Transformation
- It enables enhanced customer experience.
- It reduces time to market.
- It is a faster way to push innovation.
Digital Transformation: Hybrid Models for Flexible Business
Despite several advantages, companies are not going 100% agile. The reason to blame is mistrust of new technologies, compliances, and legacy systems.
Today, enterprises are moving away from only public cloud model and adopting a mix of public plus private cloud to ensure data supremacy, cost optimization, fulfillment of regulatory obligations, and security.
Hybrid provides assurances of a traditional setup and presents opportunities for innovation through new cloud computing technologies. It makes product delivery & implementation faster with maximum efficiency and personalized customer service.
To meet the increasing need for a hybrid cloud setup, Cloud software moguls like Microsoft, Google, and Amazon are launching solutions allowing businesses to manage private and public clouds simultaneously.
Challenges in Implementing Cloud Computing Technology for Digital Transformation
Businesses need to consider the below-mentioned factors before incorporating a cloud solution in their digital strategy:
- Data security
- Service Quality
- Pricing
- Performance
- Migration challenges over heritage systems
- IT compliances
Implementing a solution or choosing a cloud computing service provider that solves the above-mentioned challenges can be a game-changer.
Cloud is the new business strategy, and with each passing day, it is becoming a mode to survive and thrive. In an era when success is measured by customer experience, a cloud-enabled digital transformation strategy is a must-have for businesses.
