How does Cloud Computing Accelerate Digital Transformation?
Since its introduction in 2011, the phrase ‘Digital Transformation’ has had a significant impact on the IT sector. Globally, organizations have made efforts to comprehend its true nature, which can be summed up as:
- Process transformation
- Domain transformation
- Business model transformation
- Cultural transformation
These indicators illustrate a change brought about by a digital influence to rebuild a business to compete in this technology-driven era.
In 2021, the global digital transformation market was worth USD 400.34 billion. As per this recent report, it is estimated to reach USD 2,198 billion by 2030, with a CAGR of 23.72% over the forecast period (2022–2030). North America is predicted to earn USD 697 billion by 2030, with a 22.53% CAGR.
Cloud computing is the key enabler of digital transformation and offers a boost to drive innovation by empowering organizations to leverage the technologies like big data analytics, machine learning, augmented reality, the internet of things (IoT), chatbots, etc.
To be upfront, organizations that trusted cloud computing as the fuel for their digital transformation engine have seen significant improvements in their business operations and efficiency. Global IT firms can now compete in a volatile market because cloud-enabled digital transformation is opening up new business opportunities.
Cloud Benefits to Achieve Digital Transformation Success
Since digital transformation cannot occur in isolation, cloud computing serves as a beacon to provide a clear view.
With Cloud in the picture, you have access to the Pay-as-you-Go option. This allows you to create new software apps that may be seamlessly incorporated into your existing systems without any loss of time. According to industry analysts, cloud migration can help any IT business save up to 15% on overall IT costs. Small and medium-sized businesses (SMBs) benefit the most from cloud implementation since they spend 36% less on IT.
Better Scalability & Efficiency
Scaling can be done both vertically and horizontally using cloud infrastructure. Simply put, scaling vertically is better for increasing storage. As a result, the systems are advanced to store and handle more data. On the other hand, horizontal scalability enables the addition of extra servers while maintaining compatibility with the current systems. Cloud-enabled digital transformation helps businesses operate better by swiftly meeting customer requests and resolving problems like IT system overload.
Data loss caused by unplanned system failure or breaches is a regular risk for internally held data. Furthermore, with enormous data processing, the danger of system failure cannot be overlooked. Cloud computing allows us more options to create multiple backups of critical data. By moving data to a secure platform, your company is well protected with a lower risk count.
Cloud computing plays its part in enabling the digital model by offering access to the ‘Everything-as-a-Service’ paradigm. It permits the creation of several automation processes to structure a well-coordinated system. Cloud digital transformation helps simplify the implementation of automatic backups and Infrastructure as Code techniques.
The ability of cloud computing, part of cloud-enabled digital transformation, streamlines company processes to improve access, retrieval, and information processing regardless of time or location. The usage of cloud video interaction improves team collaboration by allowing development teams to review, monitor, and fix meetings via the systems themselves.
Road to Cloud-Enabled Digital Transformation
By this point, it may be obvious how cloud computing and digital transformation work as a powerful duo for businesses looking to embark on the digitalization journey. To align cloud-enabled digital transformation, it is essential to consider the company’s goals, existing arrangements, and processes.
There are a total of four components that are necessary to enable successful optimization when implementing a strategy for digital transformation cloud adoption.
You can specify technologies and establish your needs by working closely with a cloud enablement partner. Finding legacy technology that could obstruct your entire growth journey is a crucial component of this.
Evaluate Data Requirement
A thorough review of data systems would show the correct input for existing data, detect poor data kinds, and eliminate unwanted or underutilized data. Before integrating them for the move, your technology partner can outline a plan to audit current data and establish a knowledge repository of the latest data type.
One of the most important and complicated aspects of the cloud-enabled digital transformation strategy is determining how various resources and processes are aligned inside the business arrangement to better serve the client. Process mapping refers to making decisions that enable improvements that are aligned with a digital interface that benefits the customer.
The final step focuses on addressing the required mindset and agreeing to the activities required to begin working. Change management can be addressed immediately by specialized IT professionals and staff who are familiar with the new procedures. The goal is to aid in the implementation of organizational changes in virtually every aspect of business following the transition.
In the long run, the combination of cloud and digital transformation allows enterprises to identify novel channels to maximize customer experience. Cloud computing delivers numerous advantages such as automated software enhancements, scalability, security upgrades and a lot more. IT issues at the enterprise level are eliminated at a minimum cost with cloud digital transformation.
Apptread is well-equipped with digital technologies to facilitate digital transformation, as well as a qualified team of digital specialists and consultants with the knowledge to assist organizations in selecting the best solutions for future-proofing their plans. Contact us to discuss your project requirements!