Cloud Technology – A Catalyst to Business Digital Transformation
According to IDC predictions for 2021, 65% of the global GDP is on track to be digitalized by the end of 2022. Such an ambitious venture is drawing direct investments to the tune of $6.8 trillion between 2020 and 2023.
In simple words, businesses are scrambling toward their digital transformation journey. Moreover, they are willing to achieve this goal no matter the cost! However, such investments are not taking place blindly and ROI continues to remain the primary consideration while making key decisions. As such, companies have to stay smart and strategic about such spending.
Against this backdrop, Cloud technologies serve as the critical link that can accelerate their digital transformation objectives. Here’s how:
Legacy and on-premise systems are limited in their capabilities as they are not as accessible as Cloud technologies. The limitation could be in the form of resources, talent, budget, or even geography, which could pose barriers to digital transformation.
On the other hand, Cloud democratizes technology and makes it accessible to all. As a result, businesses can pick solutions depending on their appetites and kickstart their digital transformation journey.
Companies have grown to assume the position of a data bank. With this role comes the responsibility of maintaining data security, privacy, and sanctity. Cloud systems are constantly vying to make progress in this direction to modernize Cloud architectures, infuse greater security, ensure compliance, maintain disaster recovery plans, and more to ensure that the technology can keep up with the demands of the industry.
By virtualizing the ecosystem, Cloud-based applications maintain a high degree of resilience to instantly match the changing loads. As a result, companies can scale up or scale down their operations by effortlessly creating and destroying resources on demand. The ability to scale horizontally and vertically can maintain system flexibility and add capacity at will to improve performance, availability, etc. This scalability is one of the most sought-after benefits of digital transformation.
Cloud has revolutionized industries by introducing the “Pay As You Use” model. While the budgets may have shrunk the ROI has been impressive in the form of faster time to market, higher employee productivity, lower developmental costs, etc. Such smarter allocation of financial resources and proportionate results have transformed several CIOs into Cloud evangelists. Even though migrating to the Cloud may require a solid commitment – in terms of time, effort, and money – the long-term cost-efficiency makes it worth it.
Higher Potential for Innovation
As businesses grow, they will discover new requirements that may appear to be beyond the scope of legacy systems. In contrast, Cloud technologies maintain a sense of modularity to subsume or integrate new applications that will expand the suite of features and functions. Cloud development services have yielded several business solutions such as Salesforce, AWS, Google Workspace, Adobe, etc. to streamline operations.
Cloud is the Heart of Digital Transformation
One can go as far as to say that digital transformation devoid of Cloud computing is next to impossible. Given that the IT infrastructure determines the success of this venture, and the Cloud forms the bedrock of this infrastructure, it all boils down to Cloud technologies. So, if you are looking to digitally transform your business, think of Cloud computing as a mandate before undertaking this project!