4 Steps to a Successful Cloud Strategy: How Much Can Your Business Gain?

Maximizing Business Gains: 4 Steps to Cloud Success
Abhishek Founder & CFO cisin.com
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Contact us anytime to know moreAbhishek P., Founder & CFO CISIN

 

This could lead to poor cloud architecture, bad cloud vendors, disruptions in business continuity, unplanned cloud expenditures, negative customer satisfaction, and even the selection of the wrong cloud vendor.

It is possible to have serious negative consequences for your business. This highlights the importance of asking the right questions and looking at the cloud strategy from a business standpoint from the beginning to the end.

A poor cloud strategy can lead to wasted money and resource consumption. Let's look at how to create a cloud strategy that works.

This allows you to migrate to the cloud efficiently and minimizes unexpected challenges.


What Is a Cloud Strategy?

What Is a Cloud Strategy?

 

Your cloud strategy is your plan to achieve long-term success with the cloud. Gartner describes it as "a concise view of the role of cloud in the organization." It should be documented exactly like a business strategy.

Your business stage and reasons for moving to cloud computing will determine your chosen strategy. For example, a start-up might want to grow its customer base quickly and move quickly.

An established business may have different expectations.


What is Cloud Security?

What is Cloud Security?

 

The misconception that public clouds are shared cloud infrastructure is still prevalent in more than half of the IT industry.

This misconception makes it difficult for companies to fully take advantage of commercial cloud services' flexibility and cost savings.

Avoiding cloud services can increase security risks as organizations rely more heavily on in-house security systems that are poorly managed and have more vulnerabilities.

Although no technology, on-premise or cloud, is 100% secure and reliable, organizations can still implement cloud security policies.

Cloud security refers to the provider's policies and processes to ensure data privacy, security, and compliance.

A data backup plan is also part of cloud security if there is a breach.

The most successful cloud security organizations have addressed the concerns of IaaS workload security and SaaS control.

They also address cloud management and provider management.


Types of Cloud Services Businesses Use

Types of Cloud Services Businesses Use

 

There are four main types of cloud computing service models: IaaS, PaaS and SaaS solutions.

Function as a Service is the fourth. Each model offers a unique set of features to businesses, both in storage and resources. Let's take a closer look at each of these features:


Platform as a Service (PaaS)

The Platform as a Service (PaaS), a cloud computing model, provides applications via the Internet. Cloud providers offer their customers hardware and software costs, often required to develop applications as a service.

PaaS providers manage hardware and software on their infrastructure. PaaS eliminates the need for users to install software and hardware within their infrastructure to create or launch new apps.

PaaS is not meant to replace your entire business infrastructure. Instead, PaaS providers provide key services like Java development and application hosting.

PaaS providers can support all-important computer programs and software. Logging in is all that's required to access the platform, which can be done via a web browser interface. The PaaS provider then calculates this access per user or month.


Function as a Service (FaaS)

FaaS is an additional layer of abstraction to PaaS that allows developers to be completely isolated from the rest of the stack.

Instead of dealing with the virtual server, container, and application issues, developers upload code blocks tightly and configure them to trigger certain events. FaaS applications do not use IaaS resources until an incident occurs. This reduces costs.


Infrastructure-as-a-service (IaaS)

Infrastructure as a Service (IaaS) is a form of distributed cloud computing that provides virtualized PC assets via the Internet.

The IaaS model identifies outsider suppliers who take care of the hardware, stockpiling, servers, programming, and other components for their clients. IaaS suppliers also have exceptional applications and can perform undertakings such as managing security frameworks and manageability planning.

The IaaS stage is extremely adaptable and can be adapted to suit test, temporary, or outstanding tasks that change.

The IAAS condition includes the computerization of regulatory errands and dynamic scaling. Work area virtualization is also a highlight. Other IaaS highlights include mechanization and virtualization of work areas, management assignments, dynamic scaling, approach-based administrations, and managerial assignments.

Although technically, the IaaS market is relatively low-risk, it may require substantial financial investment to support and build cloud infrastructure.

OpenStack, an open-source cloud management platform for adults, is available to all and offers a solid foundation for companies looking to create their cloud or join a public one.


Software as a service (SaaS)

Software as a Service (SaaS) is a model for product circulation. Applications are facilitated or provided by specialists and given to clients via a system, most notably the Internet.

SaaS is becoming a standard delivery model because of center innovation which boosts web benefits and develops administration organized design (SOA) and new improvement methods, such as Ajax. SaaS is strongly associated with ASP (Application Service Provider) and other unique programming conveyance models.

IDC distinguished two unusual arrangement models for SaaS: the product improvement model and the facilitated application model.


How Businesses are benefiting from Cloud Computing?

How Businesses are benefiting from Cloud Computing?

 

Cloud computing offers many benefits for businesses of all sizes. However, it is still a new technology.


Advanced Security

All of the solutions and services offered by cloud providers and data center operators are highly secure. They will have security measures that are more robust and advanced than any in-house systems a company might use.

Unauthorized individuals cannot access data stored in private cloud networks or transferred across them.


Automatic Software Updates

Cloud-based applications are designed to update and automatically refresh themselves, rather than waiting for computer specialists on the ground to keep refreshing every second.

How many times would they refresh their bodies if they were on the ground? This will be human abuse. These apps are constantly updating, and you don't need to wait.

Waiting can be frustrating, especially if it is not your time or energy.


Collaboration Efficiency

Cloud computing allows your business to collaborate more conveniently than traditional methods. Cloud computing can allow employees, contractors, and third parties to access the same files if you're working on a project from different locations.

A cloud computing model can also make it easier to share your records and data with your advisers. This is a fast and secure way for you to share your accounting records with your financial adviser or accountant.


More Flexibility

Flexibility is an essential aspect of modern business. Businesses must be able to adapt to changing customer and client needs.

Cloud computing offers firms the flexibility and competitive edge crucial for their success.

Cloud computing allows companies to free up their resources for deployment in other areas, including financial and human resources.

Cloud computing allows firms to focus more on satisfying customers and clients and less on managing their IT resources.

Cloud-based services are known for their flexibility. A cloud provider can instantly provide you with extra bandwidth without rebuilding your IT infrastructure.


Mobility

Cloud computing is attractive because of its ability to allow mobility, especially in this internet age. Cloud computing resources are different from traditional servers.

These servers make data and software only available when the user is physically present at the business. Files, programs, and applications can be accessed anywhere there is an internet connection. Cloud platforms can be used to eliminate system incompatibilities.

Accessing data can be done on any device, including tablets and mobile phones.

Mobility of access can also help improve workload efficiency. Businesses benefit from accessing all data on the move, including financial and customer information.

Employees no longer need to be tied down to their desks. They can work anywhere they want, which increases productivity and flexibility. Cloud computing has been a boon for businesses that prefer telecommuting or remote work.

Companies can reduce the size of their rental properties and utility bills by not having to provide enough seating.


Creating a Well-Planned Cloud Strategy in 4 Simple Steps

Creating a Well-Planned Cloud Strategy in 4 Simple Steps

 

These steps will enable your business to become cloud-savvy and provide a solid foundation for your cloud strategy.


Step 1 - Mind Shift

To help you drive cloud strategy success, change your thinking about cloud technologies. These are three ways to facilitate the mind shift.

  1. Cloud should be considered a strategy and not a service provider: You can see the cloud as more than just email and virtual machines if you take a strategic approach.

    The cloud can be used as a strategy to increase your business's value, create new business avenues faster, and provide growth opportunities that will help you achieve greater success.

  2. Use the cloud to increase your competitive advantages: Prioritize cloud adoption based on areas that will improve productivity and create a competitive advantage.

    A cloud strategy that is executed well will help your business grow faster than the market.

  3. Cloud demands a new vision from your IT teams: They have been forced to focus on bits and bytes, keeping systems running.

    Cloud strategy must be more focused on strategy than on lighting the fires. Your IT team should become experts in aligning the business's trajectory with the cloud's technical capabilities. Allow your IT team to concentrate on technology and productivity.


Step 2 - Governance

Next, you need to decide how your organization will manage the cloud. Ask your business:

  1. Are we equipped with the necessary tools and skills to support, monitor, and manage the cloud?

  2. What are the governance and compliance framework requirements that will manage and set cloud policies and standards?

  3. Do we have the right people to execute and implement the governance process once it is defined?

Without governance, strategy is not possible. The cloud will eventually fail and overtake the strategy.


Step 3 - Objectives

Next, you need to create and implement a consistent approach. This method maps and ranks business goals to create a plan for how, what, when, and where to integrate the cloud.

To keep your eyes on the business's positive changes and recognize the achievements of past efforts, you must continue to use this approach. These observations are used to create business alignment efforts, often built into a steering group that meets regularly and works together.


Step 4 - Target State

The last step is to determine the target cloud state. This requires answering the following questions:

  1. Which services will be moved to the cloud and will remain in place using a traditional IT infrastructure?

  2. Is there a business mandate to keep certain services or activities in-house?

  3. Is there any preference for the degree of control your organization has over the service -- IaaS PaaS or SaaS?

  4. Which changes will you make to your policies to accommodate your target state's needs?

  5. How can you measure success in your target state?


Common Challenges with Cloud Computing Strategy

Common Challenges with Cloud Computing Strategy

 

Cloud computing is a strong tool for some businesses, but it also has limitations. In rare cases, this can lead to serious problems.

These are the real-life ghosts that cloud computing can create. Let's take a look at them briefly.


Data Security and Privacy

Data security and privacy are the biggest concerns with cloud computing. Cloud computing is becoming more popular as organizations use it worldwide.

There are many consumer and business data that hackers can access.

Statista reports that 64% of cloud computing respondents surveyed in 2021 stated that data leakage or loss is their greatest challenge.

62% also stated that data privacy is their second biggest challenge.

Cloud computing has the disadvantage that users cannot see where their data is stored or processed. Suppose it isn't handled properly during cloud implementation or management.

In that case, there are risks such as data theft and breaches, compromised credentials, authentication breaches, account hijacking, data leaks, security breaches, and even data loss.


Reduced Visibility and Control

Cloud computing gives you the advantage of not maintaining the infrastructure or resources such as servers to ensure that the systems work.

Cloud computing saves users time, money, and effort. However, they have less control over their software, systems, and applications.

Organizations find it difficult to assess the effectiveness of their security systems due to not having access to data or security tools on the cloud platform.

They can't respond to incidents because they don't have full control over cloud-based assets. Organizations don't have full visibility into their cloud-based assets, users, or data to spot unusual patterns that could lead to a breach.


Incompatibility

Incompatibility issues between cloud services and the on-premises infrastructure can arise when you move your workload to the cloud.

This is a huge challenge and may require organizations to make it compatible with any other means or create a new service.

It can lead to problems and costly expenditures for organizations.


Lack of Expertise

Cloud technology is rapidly evolving. More services and applications are being released to meet different needs.

It's becoming increasingly difficult for companies to find qualified professionals to manage their cloud systems. Expert cloud professionals can be expensive for both small and large businesses.

Cloud computing is still a relatively new concept and is not yet mainstream. Cloud technologies will not be a familiar topic for everyone on your team.

Your IT staff should also learn how to use cloud technologies effectively by themselves. This again comes at a significant cost. It is expensive and can be costly for companies with limited budgets. They will need to pay for the instructor and invest in cloud-based professionals for recruiting and onboarding.

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The Key Takeaway

If a wants to hire cloud computing consultancy, it must first consider the implications for all stakeholders and what is required to make that happen.

A cloud strategy should include governance to avoid sticker shock and protect your business from the unexpected cloud bill.

IT leaders must be clear about what, when, and how they can help to maximize value and reduce risk. IT must move from managing on-premises services to multi-cloud operations.

This has been difficult for many.

IT can help business units realize the full benefits of the cloud by creating a clear strategy and then strengthening it.