Key to ROI: A Cloud-Enabled Business Transformation Mindset

Keywords: business transformation, cloud business transformation, business transformation strategy, business transformation solution, business transformation services 

Cloud is not the next big thing. It is today’s reality and a key facilitator of solid business models and the technological foundation of innovation ecosystems. Businesses are aware of the potential of cloud technology. Still, fewer enterprises are supported by cloud services and applications. Why do so many people still fail to draw the connections between cloud technology and their goals for digital transformation? There is a simple answer behind that – genuine cloud business transformation necessitates a holistic approach that integrates the strategy, organization, process, and technology. Most marketers fail to do so.

Business leaders and marketers need to prioritize business transformation so that customers will benefit from new digital capabilities and enhanced goods and services. According to consulting firm McKinsey Company, “A fundamental shift in mindset toward the customer, along with operational and IT enhancements, can result in a 20 to 30 percent increase in customer satisfaction.”

A Cloud-Enabled Mindset – What does it really mean?

Adopting a cloud mindset is the first step in a successful cloud business transformation, followed by assisting in the alignment of the other components. A cloud mindset is comprised of two major components:

• The willingness to evaluate the purpose of technology and how the company will utilize it to its advantage.
• The willingness to reassess the value provided across the organization, taking into consideration the areas where culture must be aligned in order to create value more effectively and efficiently.

Cloud transformation is taking the business world by storm. The industry is expected to grow by 20.4% in 2022 up to nearly $5 billion, according to Gartner research. With 67% of all enterprise infrastructure already in the cloud, and much more slated to migrate, those who do not adopt a cloud-first mindset are destined to fall behind in the race.

How Cloud-Enabled Business Transformation Leads to Better ROI?

Cloud business transformation services can seem like a significant initial expense, but they save corporations a lot more on the back end. Running and managing your own servers is a costly and time-consuming procedure that can be easily eliminated by migrating to the cloud. It helps business owners to free up the IT team to focus on long-term business goals rather than patching and maintaining servers.

When adopting a cloud-first attitude and building a cloud-based business transformation strategy, a business leader can reap several benefits such as data protection, disaster recovery, cost savings, and more. Especially after the COVID-19 outbreak, many enterprises realized that embracing the cloud is necessary. These advantages have helped companies create resilience in the face of the epidemic and will continue to do so in the future.

What do you Gain with Cloud-Enabled Business Transformation?

• The cloud reduces the chance of theft or damage, giving you peace of mind. Cloud-based business transformation solutions have exceptional security measures in place to safeguard your data.
• Organizations that use a cloud-first approach typically save money on hosting, equipment, licensing, and personnel.
• The cloud connects your team members (whether they are in the same room or hundreds of miles distant) with solutions that enable seamless collaboration and communication for increased productivity.
• Scaling is tough to do when your apps and data are managed internally. However, the cloud can meet the changing data storage demands of both large and small enterprises.
• You may also access data saved on the cloud from anywhere at any time, which is extremely useful for allowing remote workforces.
• Going cloud-native can also assist firms in becoming more sustainable and lowering their carbon impact. The lightweight nature of cloud-native architectures goes hand in hand with reducing a company’s energy usage.

Expand Your Perspective on ROI and Risk!

Many individuals go for digital transformation, but not everyone understands the consequences. Business people think that the team will win, but they may not comprehend how or why. As a result, they may be ready to change only a few items. This might be because traditional ROI analysis does not apply well to digital transformation and, more crucially, cloud settings. 

Here marketers need to understand that the cloud allows you to quickly model a project. In this way, they don’t have to spend weeks thinking out an architecture, and determining the appropriate processing or storage to obtain. Be aware that a cloud computing platform will allow business leaders to adapt judgments to changing business conditions. Rather than spending too much money on infrastructure, use the cloud to scale up and down as required. Spend time thinking about the initiative’s business value.

Bottom Line

Although many companies have adopted some type of digital transformation and cloud-based business transformation strategy, most have yet to modernize their application landscape or take advantage of cloud-native architectures. Yes, it’s true; still in 2022. 

The origins of each successful enterprise are unique. Maintaining a competitive advantage requires constant innovation of new business models, goods, and services. With cloud computing, businesses can outsource tasks that aren’t very vital to their operations. Businesses should see the cloud as a competitive advantage, especially if they are interested in cloud-based digital transformation.