The pandemic has brought radical changes in the way of doing business. Every company, irrespective of its size and business model, needs to reconsider its policy in line with the social distancing norms and other limitations. This situation is not going to change soon. In such a challenging scenario, making the move to the cloud can be a wise option for businesses to survive and thrive. In this post, we are going to see the key benefits of cloud migration solutions.
But, before digging deep into business benefits, it’s worth spending some to understand the concept-cloud migration.
As the term suggests, cloud migration stands for moving all digital operations of your business into the cloud. Simply put, it refers to transferring the data from on-premises data centers or legacy infrastructure to the cloud. Migrating data to the cloud is like a physical move with the exception that here we move digital assets from one data center to another instead of packing up all the stuff for moving to the new place.
Talking about the models, cloud migration services have three main models. All these models are designed to meet the specific needs of modern businesses.
Software as a Service (SaaS)- It is about migrating the data into cloud-based software. Such software can be available via vendors over the Internet. Dropbox, Salesforce, and MailChimp are popular examples of SaaS-based models.
Infrastructure as a Service (IaaS)- It is basically a pay-as-you-go model in which you need to pay for features or services you use in the cloud-based infrastructure. AWS EC2, Digital Ocean, and Google Compute Engine are some of the top examples of IaaS.
Platform as a Service (PaaS)- This refers to platforms that offer tools needed for application or software development. Some of the major examples of PaaS include Heroku and some of the services of Microsoft Azure and AWS.
Cloud migration solutions promise agility while making enterprises ready for the future in a cost-effective way. Core industry sectors have already started migrating their software, products, applications, and services to the cloud. As per the recent report, 83% of companies use cloud services to thrive and the global market of cloud is expected to reach $623 billion by 2023. The post-COVID data from Gartner states that companies that are using cloud services plan to increase spending on the cloud to minimize the disruption caused by the pandemic.
Here are the top five business benefits of migrating to cloud-based services.
Top Benefits of Cloud Migration Services for Your Business
- Quick Time to Market
In this rapidly changing business scenario, moving to cloud solutions ensures quicker deployment of applications and software. Cloud migration service providers enable companies to deploy new applications with ease and higher speed to ensure uninterrupted production. What’s more, faster deployment time results in higher ROI. Nowadays, many companies use the latest cloud computing trend known as container technology.
When an enterprise migrates its applications and software to containers for quick deployment and optimization of resources. Cloud solutions enable entrepreneurs to spread services and software across many servers worldwide. If one server is not available, data can be easily accessed through other servers.
- Reduced Cost and Optimization
One of the major reasons why companies prefer to move to cloud services is cost-effectiveness. Cloud migration services offer auto-scaling functionality that facilitates companies to pay for what they use only. They can scale up and down as and when necessary without spending additional money. Unlike on-site data centers, cloud-based data centers do not need huge capital investment. Cloud-based services enable companies to save big on operational costs and hire dedicated IT specialists.
The recent report of McKinsey has revealed that cloud promises over 20% rise in the overall financial performance across different industry sectors. This is possible by cost reduction and optimized processes.
- More Flexibility and Scalability
Cloud migration services are designed to reduce the complexity of infrastructure and bring flexibility to the business model. Modern enterprises need agility and flexibility to operate from anywhere. Cloud-based services make it possible. With this, you can remain assured of effective collaboration, real-time communication, and consistent processes. Irrespective of the size of your teams, cloud-based solutions can keep everyone on the same page.
Companies can test and deploy software rapidly using the cloud and get enhanced scalability with plug-and-play solutions. Cloud services enable companies to scale up processes and expand the business even to international markets with the help of global data centers and hybrid solutions.
- Higher Data Security
One more significant reason to migrate to the cloud is data security Cloud-based services always offer more security as compared to legacy systems and networks. Though the cloud is an open environment, it is not as vulnerable as traditional systems to security threats. It is because cloud service providers take preventive and stringent measures to ensure data security. They can provide highly secure cloud connections and networks.
Cloud migration service providers also bring security updates regularly while working with various companies and making sure that internal security protocols adhere. With cloud-powered solutions, enterprises can get more control over access to the data and protect corporate information from hackers.
- Scope for Innovation
Apart from higher security, scalability, flexibility, and cost-effectiveness, cloud solutions can open the doors to new opportunities. Companies can innovate and implement digital transformation to cope with the challenges that occurred in the pandemic age. There is no exaggeration in mentioning that companies that will fail to adapt to changes will perish in the post-pandemic age.
A recent McKinsey report on cloud migration has revealed that 75% of cloud value is predicted from boosting innovation. Simply put, if a company wants to implement innovative solutions for transforming various processes digitally, the cloud is the right way for it.
Concluding Lines
Globally, enterprises have to move from legacy software to cloud-based software to thrive in the post-pandemic age. In this troubled time, cloud migration has become a must-have step for ensuring continuity and sustainability. It is fair to mention that investment in cloud migration solutions will certainly pay off for most enterprises across different industry verticals.
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