The world has taken a U-turn in terms of growth in the last few months. The way we live and work has changed. This triggered a significant change irrespective of the industry you’re in. The current pandemic demonstrates how essential is technology and already has been well imbibed into our lives. Few companies are not operationally prepared yet with the necessary technology infrastructure or security measures to handle the current scenario.
While working remotely offers numerous benefits to both employees and employers like increased productivity due to greater flexibility in work lifestyle and office space rental cost-cutting, there is a need to change the way we deal with business data. At no other point in time has there ever been such a need for the instant availability of IT resources and solutions enabled by cloud.
Based on the Gartner forecast in 2019, the worldwide public cloud services market was forecasted to grow 17% in 2020 to total $266.4 billion, up from $227.8 billion in 2019. IaaS was forecasted to grow 24% year over year, which is the highest growth rate across all market segments. This growth is attributed to the demands of modern applications and workloads, which require infrastructure that traditional data centers cannot meet. The fact that the popularity of the cloud is growing by leaps and bounds can be attributed to the immense benefits that cloud solutions bestow to its users.
Technavio has announced the latest market research report titled Global Cloud Migration Services Market 2020-2024; According to them, cloud migration services market is expected to grow by USD 7.1 billion during 2020-2024.
Though cloud is evolving, there are still some companies which are apprehensive of taking the leap. The hesitation is due to concerns related to adequacy of data security, increase in operating expenses, fear about continuous availability, and losing control. However, these are just ‘fear-of-unexplored’ factors and in fact these are the exact problems cloud computing resolves. Migrating to cloud computing actually ensure anytime accessibility, reduced overhead expenses, enables greater control and data security. Sooner or later, the business world will eventually move to cloud platform and that is an undeniable fact; the sooner the better!
If you still haven’t decided whether to take the plunge, you are actually depriving yourself of the benefits of moving to cloud. However, it in no way means that you should blindly follow what other businesses do since what is best for others might not be good for you. For instance, the cloud definitely helps you to work better and smarter but it doesn’t mean that once you migrate to the cloud, everything would fall into place. Your employees must adopt a new mindset to adapt themselves to this incredible change. Like always, bringing change into our lives has never been a cakewalk, which is why we are here to help. With a comprehensive strategy, you can tap the potential of cloud computing services to meet your overarching business goals and reduce the risk of errors during this transition.
Having a comprehensive strategy means determining your requirements as well as expectations, connecting with the providers of cloud consulting services and then developing a clear-cut plan for utilizing cloud solutions to augment business growth. The technological advancements often change the dynamics of the business environment. To develop a comprehensive cloud strategy, you must not allow assumptions and apprehensions to cloud your judgment about cloud computing services.
Not so long ago, business continuity was achieved by maintaining multiple data centers, and networking infrastructures. These were expensive and localized solutions. The effort to maintain operations during this pandemic puts cloud computing at center stage for many organizations. IT teams across the board were rapidly transitioning businesses to work from home (WFH). Companies who possess on-premise data centers, legacy systems had challenges to cope with the day-to-day business operations caused by this unprecedented pandemic, compared to businesses who adapted a cloud-based, managed services approach. Today, cloud solutions have revolutionized the way business functions. So, avoiding cloud computing would mean you would be left far behind when compared to your competitors.
To maintain business continuity, it is required to identify key functions and core capabilities that are critical for your business. Since cloud provides immense benefits, successful businesses are considering this as their top priority. The first step to achieve this is to get in touch with the best-in-class providers of cloud consulting in Canada in order to make the most out of your Cloud investments. A professional managed-services vendor offers businesses the option to respond quickly to the changing needs and future unforeseen challenges similar to the COVID 19 pandemic.