How Companies Can Derive Business Value From Cloud
In the past couple of years, Cloud has become a mainstream technology for many businesses and a key priority for several IT managers. Enterprises embraced the Cloud to leverage the benefits of faster data management, reduced costs and speed to market. In the process, they enhanced operational efficiency, delivered customer value, optimized IT systems and expanded the reach. That gave them the advantage of agility, quality and profitability.
Now, the focus has shifted to the future of the Cloud, with businesses trying to decipher how they will survive the advent of smart technologies.
While emphasising on the Cloud benefits, PWC outlines the need for businesses to have a clear roadmap, taking into consideration their business priorities and choices. That essentially includes network infrastructure and data centre capacity, among others.
Broadening of demand for Cloud has provided a competitive advantage. According to a survey, 68 percent of Indian businesses are using Cloud-based services and 65 percent of business in Asia Pacific market have adopted Cloud.
As companies derive benefits from the cloud environment, they are in a better position to understand the potential opportunities and practical challenges. Cloud planning without taking into consideration market risks can turn into a disastrous proposition.
Rick Wright Global Cloud Enablement Program Leader, KPMG in the US, says: “Cloud is much more than just another IT cost reduction lever.”
All these are an indication that the Cloud is here to stay. The question now is how can enterprises accelerate the value of the cloud to drive business transformation?
According to a KPMG survey, there is a need to approach cloud as a strategy with required skills and resources, and enterprises need to be prepared for complexities that are likely in changing regulatory environment.
Cloud services like Infrastructure-as-a-Service (IaaS), Software-as-a-Service (SasS), Platform-as-a-Service (PaaS) are the new paradigms for the future of cloud computing. While realizing the benefits offered by the Cloud technology, enterprises are now looking further into newer opportunities. KPMG says that cloud providers expect their revenues from cloud services to double within the next 2 years.
For that to happen, there is a need for enterprises to be prepared for emerging, disruptive technologies and innovation in the field. Intelligent management of assets and simplifying the IT environment would ensure a sustainable cloud landscape.
Making the right technology investment gives enterprises the ability to see long-term advantages. Hence, Cloud is not just a one-time investment but it’s a journey.
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