27.08.2022
The pandemic has exposed great financial, economic and operational weakness around the world.
This has prompted organizations across all industries to redouble their business assurance planning efforts, which in turn has accelerated plans to digitize or transform information technology.
Indeed, PwC Cyprus Director of Technology Advisory Services Minos Georgakis said this week that companies and organizations that implement smart cloud strategies create a foundation for future success, especially as cloud services strengthen their ability to remain agile in an increasingly volatile business. -environment .
“Industry experience has shown that, when used correctly, cloud services can provide organizations with innovative ways to deliver existing services, as well as provide quick access to new capabilities,” Georgakis said.
“When implemented in a planned and controlled manner, cloud services can also help reduce operational costs,” he added, noting that the question now is not whether an organization is going to move to the cloud, but how they will do it . and at what pace.
However, Georgakis said moving to the cloud without a well-defined strategy and implementation roadmap is inefficient and can cause problems.
The first step in developing a cloud strategy for organizations, he says, is to change how they perceive the cloud.
“Despite the fact that many enterprises have proclaimed a “cloud first” approach, many of them do not have an established cloud strategy that clearly defines the “why”, “how”, and even “what” of their adoption in the cloud,” Georgakis. stated.
“Without a cloud strategy, an organization may struggle to adjust to a multitude of options that often conflict and fail to steer the business toward important corporate goals,” he added.
He also emphasized that without a cloud strategy, a company will not have the necessary business goals that it can clearly track and track, which in turn will lead to a loss of focus on the key tasks that it needs to solve.
In addition, Georgakis said the move to the cloud goes beyond simply upgrading a company’s IT capabilities, but also changing how businesses think about technology and how it applies to both their processes and their people.
“A cloud strategy must take into account the business imperatives and opportunities specific to your industry, your business, and the requirements of your team,” he concluded.
The turn to the cloud is underscored by continued investment in cloud infrastructure services, which continued its upward trend in the second quarter of 2022.
billion during this time, according to a report by industry analysts at Canalys released this month .
This is due to a number of factors, including strong demand for data analytics and machine learning, data center consolidation, application migration, cloud development and service provisioning.
“The cloud remains a rapidly growing technology segment,” said Canalys vice president Alex Smith.
“The race to invest in infrastructure to keep up with demand will be intense and will test the nerves of corporate CFOs as both inflation and rising interest rates create headwinds for rising costs,” he added.
Meanwhile, while some organizations are just now in the process of moving to the cloud, others are already exploring new trends and planning how to expand their cloud services and capabilities.
IT spending by 2026, up from less than 17% in 2021.
“High inflation and the threat of a recession are only adding to the scrutiny of whether to accelerate the move of workloads to the cloud,” Gartner said in a segment report, noting that gaining benefits can be challenging.
“If you move workloads to the cloud but neglect to modernize them, you may actually increase operating costs and not improve business agility, so you should be sure to prioritize different strategic goals before you start migrating,” the company added.
