Cloud Migration: Advantages of Moving Your Business to the Cloud
When it comes to cloud infrastructure, there are four essential components to it, namely, computing, networking, storage, and User Interface (UI access to on-cloud resources). All of these collaborate to form complex cloud solutions for enterprises.
Cloud services help organizations tackle the most challenging architecture, implementation, and operation requirements of their cloud-based applications, products, and platforms. They can opt for public, private, or hybrid environments depending on their present & future expectations, in terms of ease of adoption (or migration), security, scalability, and flexibility.
There are Foundational Cloud Service (FCS) providers in the market that offer comprehensive enterprise solutions to cater to the diverse goals and needs of businesses. Their clients either go for a single on-demand service or a mix of customized services.
Such FCS providers deliver a broad portfolio of computing, data, and app framework services that companies can rely upon to build innovative digital services. Leading FCS providers in the market include Amazon Web Services Inc. (AWS), Microsoft Azure, Google Cloud Platform (GCP) and Alibaba Cloud, IBM Cloud, Tencent Cloud, Huawei Cloud, Oracle Cloud, Salesforce Cloud, Accenture Cloud, SAP Cloud Platform, and Cisco Cloud.
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Benefits of Cloud Migration
Globally, many enterprises have already migrated some or all of their workloads to the cloud and moved their on-premises software to SaaS. Here are the top benefits the cloud can bring to your business after migrating your business to the cloud:
Hassle-free & efficient deployment
Adopting a new and compatible on-demand cloud service is usually a fast process. Companies using legacy systems or multiple applications might need more time to plan and execute their migration strategies. Still, the deployment would be far more time-efficient than other solutions. Simple mid-scale projects take about 2-4 months to migrate to cloud platforms/solutions. Complex projects can take anywhere between 6 months to 2 years to complete a migration. You can approach any FCS provider for end-to-end guidance and support with your cloud migration plans.
Advanced data security and compliance
By adopting cloud infrastructure, your company can better prepare for cyberattacks and create more optimal security and compliance measures. 93% of businesses identify cloud security as the #1 concern and 94% report significant online security improvements after adopting the cloud. Employees are often responsible for data theft. So, it is prudent to store sensitive data offsite, with encrypted access. Migrating to the cloud will also help you meet Government compliance requirements more efficiently.
Collaboration
Running any business requires collaboration, especially ones having a large workforce. Cloud-based tools, services, and applications simplify team and inter-departmental co-ordinations. Some even provide online social spaces for employee engagement, communication, and connectivity.
Disaster recovery
One of the major concerns any organization has is data recovery in emergency scenarios. Unforeseen events like these can cause your company:
- Monetary loss
- Make it susceptible to cyberattacks
- Restrain productivity
- Lead to a bad customer experience
- Destroy brand reputation
Quick data recovery solutions can help in resolving this. As per a RapidScale report, 20% of cloud users (and 9% of non-cloud users) could claim disaster recovery in less than 4 hours. So, your company can depend more on data recovery & backup solutions provided by cloud-based service providers.
Automatic software updates
By migrating to cloud-based applications, you won’t have to wait and worry about regular system updates and installations. They are automatically refreshed and executed by the system. This frees up IT managers’ time for more important tasks and relieves them of dispensable manual checks/interventions. Cloud adopters also require fewer outside IT consultations.
Also read: What is Cloud Migration? Process, Strategies & Tools
Quality control
The chances of data entry errors and reporting inconsistencies are there in any business. Migrating to a cloud-based system ensures information, documentation, and communication history is securely stored in one place, in a uniform format. When there is consistency in data collection or recording, it translates to more dependable reporting. All data revisions, document versions, and report updates can be tracked and assigned to authorized employees. Such mechanisms help companies keep better quality control of their information and eliminate incidences of data dilution to a large extent.
Reduced latency
Latency challenges are complex. For example, recurring network latency problems can hinder business transactions or cause loading delays in web-based applications. It can get quite frustrating for you and your customers! There can be many reasons for latency, and all aspects must be explored properly to determine the cause. Is it due to multiple intermediate routers, poor internet speed, high traffic, propagation delay, or something else? Your company can minimize latency issues with your time-critical data and applications by moving to a cloud-based application or platform.
The world is moving towards cloud solutions at a rapid pace. Here are some incredible cloud adoption projections for 2022-2026:
- Every 6 out of 10 businesses are estimated to have migrated their workloads to the cloud in 2022. (Source: Flexera)
- By 2023, U.S. cloud infrastructure spending is expected to reach $90 billion. (Source: IDC report 2022)
- Infrastructure as a Service (IaaS) to grow by 30.6% in 2022. (Source: Gartner)
- The total amount of information in the cloud will be 100 zettabytes by 2025. (Source: Cloudwards)
- The global cloud computing industry is expected to reach $947.3 billion by 2026. (Source: Markets&Markets)
“The cloud migration market is expected to achieve a CAGR of 28.89% during the forecast period 2022-2027.”
Report: CLOUD MIGRATION MARKET – GROWTH, TRENDS, COVID-19 IMPACT, AND FORECASTS (2022 – 2027)
Are You Ready to Migrate?
Cloud migration is a mammoth initiative and a very time-consuming journey. But it doesn’t have to be a difficult one for you. With proper advisory and knowledge, you can shift your business processes to a cloud environment that supports your critical business goals.
Cocolevio provides excellent cloud migration consulting services for mid and large-scale companies. We can help you with efficient, future-ready migration strategies that’ll make your move-to-cloud effortless. Contact us today for cloud migration consulting.
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