Today, thanks to cloud modernization, business, and operational processes are streamlined and modernized.
In fact, MarketsandMarkets highlights that globally, spending on cloud computing is expected to grow from an estimated $371.4 billion in 2020 to $832.1 billion by 2025.
This recent shift is in part because so many start-ups are "born" with a cloud-native design, and these architectures' agility and adaptability can give them a considerable competitive edge. This has compelled many established businesses to accelerate the development of their cloud strategies.
Cloud-based modernization offers businesses the opportunity to adopt cloud computing solutions that offer agility, scalability, and flexibility. But before we delve into the details of its impact on modernizing business operations, it is essential to understand the concept of cloud modernization.
At its heart, this means converting legacy applications or legacy systems to cloud-based applications, but to put it simply, cloud modernization means upgrading applications. It is a comprehensive approach that provides businesses with the opportunity to increase business value.
This concept involves migrating conventional on-premises infrastructure and applications to cloud-based solutions depending on a business's specific needs. Furthermore, creating brand-new applications focusing on cloud environments is another important aspect of this concept.
As suggested by McKinsey, the full value of the cloud comes from approaching these options not as one-off tactical decisions but as part of a holistic strategy to pursue digital transformation.
The benefits of cloud-based modernization are numerous and are a critical component of digital transformation for businesses of all sizes, so let’s dive into some of its key benefits:
1. Cost savings
Cloud modernization can reduce infrastructure costs by eliminating the need for expensive hardware and software installations. Businesses can also take advantage of pay-as-you-go pricing models, which allow them to pay only for the services they use.
2. Simplified processes
Using a cloud automation framework will make keeping the optimal IT infrastructure less complicated. If all of your operations are streamlined, they will function more efficiently.
3. Scalability
Cloud-based modernization enables companies to quickly scale their IT infrastructure and business apps up or down as needed. This means that as companies won't need to make significant expenditures on new technology or software, they can readily handle changes in demand.
4. Flexibility
When you switch to the cloud, you will allow your employees to access their most-used business applications and data anytime, anywhere, and from any device. Cloud modernization makes it easier for teams to work remotely and collaborate efficiently.
5. Data security
By giving organizations strong security features and access controls, cloud-based modernization can enhance data security. Compared to individual enterprises, cloud providers may have greater resources and experience to dedicate to security.
6. Innovation
Leverage the latest technology innovations, and stay ahead of your competition while gaining a competitive edge in the market by modernizing all your operations and processes. This means that cloud providers often offer cutting-edge services and tools that businesses can use to develop new products and services in the cloud.
7. Optimize IT operations
IT teams automate repetitive work using cloud orchestration and automation rather than relying on manual labor, which helps optimize IT operations. By releasing unused resources and guaranteeing the greatest use of those that are most crucial, automation is a multiplier that aids in your IT modernization.
8. Disaster recovery
Cloud modernization is critical for businesses because it provides robust disaster recovery capabilities. This approach ensures that businesses that often have multiple data centers located in different geographic regions can quickly recover from a disaster or outage.
The moment has come for businesses to upgrade their antiquated, monolithic IT infrastructure to the cloud to drive digital transformation. Consider that creating enterprise-wide digital platforms may increase customer satisfaction, save expenses, and speed up business innovation. In addition, business applications are also necessary to meet the demands of the digital era.
In the same way, by putting a thoughtful framework and plan in place, alongside a trusted IT partner with the right expertise, organizations can reduce the time to achieving real value – and ensure they get the most from their technological investments.
To explore how to accelerate your business modernization and benefit from the cloud, drop us a line at hello@definityfirst.com
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