8 reasons to migrate your digital solutions to the cloud2022 02 01
With a rapidly increasing digitalization, using public cloud services has become more than a nice-to-have decision for businesses. Companies accomplish outstanding results by migrating their digital assets to the public cloud. Cloud migration also empowers enterprises to innovate quicker, improve high-level scalability, modernize outdated infrastructures, and way more.
Although not all the traditional industry companies trust in cloud migration at first glance, it is essential to acknowledge opportunities, helping your company stand out in the always-evolving business environment.
For this reason, this blog post reveals the core business drivers, motivating cloud migrations, and presents its benefits for nowadays companies.
One of the most significant cloud migration motivators is cost reduction. According to the IDC report, companies that migrate their digital solutions to the public cloud experience a 51% reduction in operational costs. Also, the same report’s data shows cloud migration helps reduce the 5-year total costs of ownership (TCO) by 31%.
Modern companies can reduce costs with the help of the public cloud in a few ways:
- Pay-as-you-go. With such a payment model, companies can pay for the number of resources they actually use. The pay-as-you-go model works perfectly for businesses facing fluctuating computing resources and barely predictable workloads while implementing projects.
- Reserved instances. In this way, clients can reserve predicted resources they need for a specific period and benefit from large discounts on pricing.
- Spot instances. Typically, it helps run non-critical workloads at lowest possible costs. In other words, during “”the sale” or in the outlet of underutilized resources you can save up to 90% from the initial price rate.
IDC report shows that companies, which implemented cloud migration, face 43.4% fewer monthly security incidents. Cloud computing infrastructures solidify security, helping manage access policies, protect against cyber-attacks, prevent unauthorized disclosure and modification.
Moreover, public cloud data centers are highly secured. Most such data centers are Tier 3 and Tier 4 certified and have 24/7 physical protection. Public cloud vendors’ services run under multiple requirements from the public authorities in which the data center operates to the global authorities or regulatory agencies. Finally, public cloud platforms offer numerous security configuration features, ensuring the ultimate protection of companies’ digital assets placed in the cloud.
Emerging AI/ML & IoT technologies easier
Cloud migration creates flexible conditions for materializing technologies such as artificial intelligence/machine learning (AI/ML) and the Internet of Things (IoT).
Intuit case study shows that the company could deploy machine learning models 90% faster by migrating its digital solutions to the public cloud, specifically AWS. Also, with the help of cloud migration, Vantage Power could process 100,000+ data points per minute across its IoT ecosystem.
Migrating your IT infrastructure to the public cloud is a more economical and practical solution for meeting the data storage as well as computational requirements for AI/ML and IoT technologies.
Boosts agility and staff productivity
Flexible cloud computing architecture allows businesses to improve agility. According to the AWS report, companies that successfully migrated their IT infrastructures to the cloud reached 18.8% faster time-to-market, 33.8% higher app revenue per user, and 26.4% more features and fixes per release. Knowing that agility’s umbrella includes the ideas of balance, adaptability, flexibility, and coordination, cloud migration offers multiple benefits for a modern business.
The same AWS report shows that cloud migration also helps to boost staff productivity. The data reveals those businesses implementing the cloud migration reach 62% better staff productivity. Moreover, the report says that after more than 3 years of using AWS cloud infrastructure, the average IT admin can gain 3.3x better staff productivity as well as 3.2x more terabytes of data.
Data centers consolidation
With the help of cloud migration, companies can dedicate a significant focus to business development and spend less time managing data centers.
Consolidating data center facilities allow businesses to boost flexibility, improve operations, deliver more reasonable service of IT assets. Increasingly, companies choose a combination of cloud and on-premises solutions via the hybrid cloud and multi-cloud deployments.
Going global quickly, mergers & acquisitions (M&A)
Companies access the global network of data centers – enabling rapid, strategic scalability by migrating their digital solutions to the cloud.
Such a leading cloud platform as AWS ensures easy integration of digital assets, shortening and simplifying mergers & acquisitions (M&A) procedures.
End-of-life of your hardware or software
Often, businesses choose to migrate their digital assets to the public cloud because of the end-of-life (EOL) of their hardware or software licensing and support. For such companies, cloud migration helps to enhance depreciating capabilities and end or trim refresh cycles.
It is especially crucial for companies that run Windows workloads and applications. IDC report data shows that AWS runs nearly 2x more Windows Server instances than the next largest cloud provider.
Boosts business digitalization
One more of the most significant cloud migration motivators is digital transformation. More and more companies undergo digitalization to build value from existing IT assets. With the help of cloud computing, businesses can digitize multiple functional areas, including enterprise resource planning, CRM, data management and analytics, and other business applications.
Companies that migrate their IT infrastructures to the public cloud can achieve digitalization by enabling more extensive use of advanced technologies, increasing agility, and fostering cultural change.
If you consider migrating your existing IT infrastructure to the cloud but do not know where to begin or consult with, the Baltic Amadeus team is more than happy to help you in the cloud journey.
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