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Business Management Review | Friday, April 15, 2022
Cloud has become the hot favorite for organizations today. With the support of the cloud, organizations can respond faster to the changing market and cater to the ever-evolving customer demands.
FREMONT, CA: A Gartner report on the cloud reveals that the worldwide public cloud service market is expected to reach $331.2 billion by 2022, with a compound annual growth rate (CAGR) of 12.6 percent. This increased growth rate has been observed since 2018. The word 'cloud computing,' which then was a catchword in the early 2000s, is no more a catchword now and is starting to indeed come of age.
Cloud has turned into the hot favorite for organizations due to its agility and cost benefits. With the support of the cloud, organizations can respond faster to the changing market and cater to the ever-evolving customer demands. Cloud empowers IT owners to invest more time advising their business associates with data-backed insights and policies to drive more business growth and faster time to market.
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Why Agility?
Though businesses require agility, the need is unequal across different functions of the organizations. Top-level management must decide which department or function needs skill before rushing headlong into cloud implementation uniformly across the landscape. It is critical because businesses usually don't have unlimited funds. So with the current funds, they have to operate and implement the facility. For instance, a retailer aiming to double its sales through e-commerce would improve the customer experience rather than focus on product management changes.
Companies should start assessing and defining the right processes before implementing the cloud to make the business bright in the IT landscape. Here are a few methods to follow before implementing the technology.
Redefine Process in a Digital Native Way
An organization with a complex system needs to transform into agile, responsive entities at an enterprise scale. They have to rethink their business process by applying sentiment principles such as garnering feedback from user groups, facilitating an instant simulation, offering guided practices, etc. This aids in curating ideas for improving efficiency and can reduce latency. The optimized processes thus evolved, resulting in a seamless and superior user experience for all stakeholders.
Implement Required Technology
After restructuring the processes, the next question is: which technologies are needed to create the future IT landscape? The answer rests in implementing IoT, microservices, PaaS, containers, globally distributed systems, mobile apps, AI/ML, cognitive services, stream processing, Blockchain, etc.
Establish the New IT Landscape
The development of new applications with advanced technology and the creation of microservices architecture generates a new IT landscape. The decomposition of monolithic applications allows the transformation of existing applications into an adaptive cloud architecture while building new ones in a cloud-native state. The applications should reveal their functionalities in a platform to work in the interdependent business landscape.
Scale the IT Delivery Capabilities
It is equally important to impart new technology skills to employees and bring in inflexible soft skills, explorative work, and risk-taking to maximize the value derived from the latest technologies. This helps successfully execute the transformation and facilitates businesses to partner with an efficient IT service provider.
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