Enterprise cloud solutions allow organizations to match specific workloads with the environment best suited for them. It allows them to operate infrastructure more efficiently and increase agility.
However, creating more substantial ROI with enterprise cloud requires more than technology adoption. It’s about embedding new practices throughout the cloud continuum to drive total business reinvention.
Identify Your Needs
Identifying your organization’s needs is vital to successfully migrating to the cloud. It is essential because you don’t want to spend money on technical solutions that do not address your business needs.
Moreover, it would be best if you took advantage of the expertise of subject matter experts (SMEs) to ensure that you select the best technical solution for your organization. It will ensure that you get a high ROI from your investment in the cloud.
Cost savings: Enterprise cloud adoption eliminates costs associated with building, maintaining, and operating an IT infrastructure. For example, leasing a data center or purchasing servers is unnecessary. Furthermore, enterprises can scale up or down their cloud services as needed – paying for only the resources they use.
Greater agility: The enterprise cloud provides instant access to infrastructure, making it easier for IT teams to meet user demands for new applications and services. It can help overcome the perception that IT is slow to respond. It can also enable more agile business processes by providing an IT environment that is highly performant, secure, and aligned to the requirements of the business.
Define the Starting Point
Companies are pursuing digital transformation to drive more substantial technology ROI. To do so, they need to move beyond simple migrations and embrace the full breadth of the enterprise cloud. It requires implementing five practices that allow them to leverage the entire cloud continuum.
One crucial factor is determining your starting point. It can be done through a model that captures the relationship between assets, revenue, workloads, costs, delivery time, features, and quality. The model can be in your head or a more sophisticated computer modeling tool.
The other essential factor is understanding how to maximize your resources. It means reducing waste through a pay-as-you-go expansion of services, monitoring resource usage, and establishing potential limits on computing, memory, storage, or network resources. It also means minimizing the over-utilization of resources during peak periods.
Finally, it means enabling rapid response to user requests through instant infrastructure. It enables businesses to focus on their end-users’ needs and overcome the perception that IT is slow. It can help businesses meet customer demands faster and win business.
Develop a Strategy
Undoubtedly, enterprises want to get the most ROI from their technology investments. However, they often need help finding the right strategies for doing so.
Developing a strategy for maximizing ROI is essential to the success of your cloud migration project. A successful strategy will help you minimize risk, ensure a smooth implementation and deliver measurable benefits to your organization.
The first step in creating a successful strategy is identifying your needs. It involves closely examining your business processes and determining how you can best leverage the cloud to improve your bottom line.
Another important consideration is selecting the right cloud provider. It is an essential part of a successful migration, and finding one that fits your business requirements ideally is crucial.
One of the key benefits of the cloud is its scalability. It means you can scale your infrastructure up and down based on your organization’s needs. It is particularly beneficial when you’re facing a spike in demand. For example, you can use the cloud to add more servers and resources to handle peak traffic quickly.
Analyze Your Applications
Many companies are now questioning if they’re getting good value from their technology investments. With ample internal IT departments, IT outsourcing and augmentation, plus the actual expense of hardware and software, companies wonder whether they are getting a solid return on their investment.
It Is where the enterprise cloud can help. With the right strategy, companies can leverage the advantages of cloud computing to improve their ROI. A critical first step is identifying the opportunities for cost savings in your cloud environment. It can be achieved by implementing a cloud version control tool that can detect waste and help you minimize your cloud utilization. It includes unused VMs, old snapshots, and unused elastic IPs.
Another area that needs to be addressed is the need for faster response from IT. Typically, users request new services and applications and expect IT to respond immediately. It is where the enterprise cloud can be a game-changer by enabling IT to deploy infrastructure for end-users instantly. It will also reduce IT overhead and improve business agility. By implementing the above best practices, companies can achieve a much better technology ROI and realize tangible business results.
Make the Right Decision
Regarding technology ROI, companies must avoid wasting financial resources with expensive hardware and solutions that don’t effectively address business needs. It requires a balance between focusing on the organization’s immediate needs and planning for future developments.
It is crucial when it comes to migrating data to the cloud. As businesses move to the cloud, they must ensure that their data and applications are optimized for performance. It will not only improve the customer experience but also drive revenue.
Companies should tap into their subject matter experts (SMEs) to make the right decision. It will help them identify the technical solutions that are best suited to their needs. They should also consider working with an IT provider, such as VAST, who can provide invaluable assistance in managing and optimizing their cloud environments.
With the right strategy in place, enterprises can leverage the benefits of cloud computing and maximize ROI. By implementing these five practices, they can extract value from their cloud investments and prepare themselves for future demands.
