The fast expansion of cloud solutions has fuelled digital transformation, with a growing number of firms adopting a cloud-first approach. According to Gartner, the cloud will account for more than 45% of IT spending on system infrastructure, infrastructure software, application software, and business process outsourcing by 2024. What is more striking is that, by 2025, 55 percent of major enterprises will have adopted a cloud-only approach. So what is it about the cloud that makes it so tempting to businesses?
Cloud computing allows companies to access resources such as data storage, servers, databases, and networking software without investing in new gear or software. As a result, it has pay-per-use, scalability based on consumption, high reliability, and self-service as advantages for businesses to employ corporate software.
But how could companies use the cloud to accelerate customers’ digital transformation?
Migrating from traditional systems to the cloud is only one aspect of digital transformation. A way that to accelerate digital transformation for organizations that explore new IT architectures and operating philosophies lay the groundwork for new digital business prospects, such as next-generation IT solutions. As a result, the change takes place at a more granular level, which takes time. Even if you wish to change in stages digitally, there are specific strategies to speed up its implementation. To accelerate digital transformation, businesses must:
- Develop practical digitization that adheres to the timetable for achieving a specified commercial value. As part of the first area of the transformation process, it must entail modifying the elements of business processes to achieve new goals.
- Include all of the solutions in the technology and develop a production-ready architecture. Here is the step where a business model transformation occurs.
- Plans should be based on factual investigation and the search for opportunities, and the use of new technologies. Domain transformation is one of the pillars to consider when migrating to the cloud.
- Create a partnership model that enables value evolution, forecasting, faster action, and faster reaction times. It is finally leading to cultural/organizational transformation.
“Most companies know data is important, and they know quality is bad, yet they waste enormous resources by failing to put the proper roles and responsibilities in place.” (Davenport, Redman, 2020, Harvard Business Review). As a result, companies should carefully consider shifting to the cloud to speed their customers’ digital transformation. And why? According to this study, revenue from the public cloud sector is expected to jump to $331 billion by 2022 from $175 billion in 2018.
For more information about upcoming technological trends for 2022 and what companies will hold close to their plans, you can visit Top 3 Technology Trends for 2022.