Category: Digital Transformation Strategy
In recent years, there has been an increase in the number of businesses moving their applications, data, and systems to the cloud. According to recent research, Gartner predicts that worldwide end-user spending on public cloud services is forecast to grow 23.1% in 2021 to total $332.3 billion, up from $270 billion in 2020.
The process of moving applications, data and systems from on-premise environments to the cloud or from one cloud platform to another is called cloud migration. For businesses looking into the cloud for the first time, a migration can seem like a monumental task. Typically, there are concerns about stability, cost and security. However, these concerns are actually some of the most common benefits of cloud migration.
Top 4 Benefits of Cloud Migration
With cloud technology, the vendor hosts and manages the software and customers’ associated data in the cloud. Initial costs are typically much lower because it’s built into a subscription that you pay over time. Cloud-based eCommerce platforms allow your IT staff to focus on strategic initiatives and innovation, instead of maintenance of on-premise systems and services.
On-premise eCommerce platforms make it hard to scale and grow because they are hard to customize. Cloud-based eCommerce platforms make it easier and faster for you to make changes and evolve over time because it’s easier and less risky to deploy changes. You’re able to more quickly respond to market opportunities by developing and deploying enhancements.
Improved Operational Efficiency
Cloud vendors are constantly working to improve, update and expand their services which means your cloud environment can grow and evolve to meet your business needs as they change. When an application is hosted on the cloud, it’s able to respond to changes in traffic increasing productivity by dynamically scaling up or down to meet demands. Instead of focusing on managing hosting services, your team will be able to focus on growing your business through improving your applications.
The cloud offers much more security than traditional on-premise options by storing data and information centrally. Majority of cloud vendors now offer pre-built security features like analytics, cross-enterprise visibility and upgrades in security measures regularly. And beyond that, the cloud offers more control over accessibility and availability, allowing only authorized users access to data.
There are many benefits of cloud migration, both for your business and customers. These top four benefits reflect a successful cloud migration with improved flexibility, cost savings, and reduced security risks. Platforms like Four51 OrderCloud, which were built in the cloud can make cloud migration projects easier.