Get All Access for $5/mo

What is Cloud Migration and Why is it Important As companies rush to join the cloud revolution it has become vital to exchange older practices with further comprehensive solutions

By Ram Punamaraju

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Shutterstock

The business scenario is in constant evolution, empowering customers to access unlimited information at the behest of the omnipotent internet. The digital revolution has ushered in a power from the hands of business heads to the demands of customers as today's highly competitive environment provides enough impetus of choice. Hence, a requirement is built for diligent insights into consumer behaviour, to get an added leverage. This, alongside the need for a comprehensive system that houses and collates the apt information, channelizing it to the optimal avenues, is what has brought innovations like cloud system into the foray.

The cloud has seen a outstanding growth, that can be contributed to its rapid pace of adoption, taking precedence over traditional on-premise hardware. If one follows the growth path of cloud carefully, he/she will be able to easily understand that the adoption of cloud services has seen a rise across all industry type and the size of business. Given its huge potential for different industries, verticals such as manufacturing, railways, banking, retail, education and healthcare all are switching to cloud services for optimized reach and performance as well as for elasticity

Scalability and pay-as-you-go pricing models are the key benefit provided by cloud services to organizations for enhanced effectiveness through technology. Here are some of the key advantages of opting for cloud services:

1. Flexibility

Flexibility is the first advantage that comes to mind while elucidating benefits of any cloud-based system. Cloud-based services are idyllic for organizations with fluctuating bandwidth demands as it customizes its services accordingly. If the needs increase it's easy to scale up the cloud capacity, facilitated by the service's remote servers and vice-versa. This scaled level of agility provides organizations with untapped advantage over competitors –ranking "operational agility' as one of the top driver for cloud adoption.

2. Disaster recovery

It is imperative for organizations of every size to invest on robust disaster recovery, but due to lack of pertinent capital and knowledge, this vital reinforcement is kept at the backseat till the disaster strikes. With the advent of cloud, organisations are opening their eyes to the benefits of a fool-proof disaster recovery system. A cloud-based backup and recovery solution saves time and money while avoiding large up-front investment and roll up third-party expertise as unnecessary expenditures. More than anything else, it provides the safety and security of information, data. The value of this facility is most appreciated when an incident occurs. DR prepares an organisation to be more compliant to many of the standards getting in-place.

3. Security

Security violations such as hacking (unauthorized entry into the system), data theft, and identity theft often set organization back by crores due to loss of not only the equipment but the sensitive data in it. Cloud computing provides greater security at such occurrences. Since the data is stored in a parametric environment, only those who have set the functions can access it, irrespective of what happens to the machine, wiping data from lost machines to prevent it from going into wrong hands.

4. Mobility

Lack of mobility is one of the setbacks that organizations are plagued by, as frequent business meetings and plans to move from one nation to other happens regularly. One cannot depend on a dedicated personal to operate cloud as the unavailability of the said person can cause a furore amongst inside management. Owing to the all encompassive and streamlined operations of cloud computing, one needs only an internet connection to get access to data, while working upon it. And with most serious cloud services offering mobile apps, one is not restricted to any sole device to get work done.

5. Increased collaboration

Often, operations and responsibilities become cumbersome to collate, especially in organizations which are growing by leaps and bounds. A collaborated effort is needed from the team to complete various tasks in the least, in the tightest of time frame. This is where cloud system, with its flexibility and mobility, come of a great help. When teams access, edit and share documents in a streamlined fashion, they get an impetus to surge ahead with organizational goals in mind.

6. Competitiveness

This is amongst one of the chief factors for cloud adoption. Due to the reduction in the bottom-line for many companies owing to cloud adoption, it directly reflects in the cost of services provided to their customers. The cost of maintenance for organizations is dramatically as the entire process has is under the upkeep of the cloud provider. Cloud, single headedly has brought the cost of innovation down. Today even a start-up has the ability to build a product or service its customer in a scalable cost effective manner.

Conclusion As companies rush to join the cloud revolution it has become vital to exchange older practices with further comprehensive solutions. Cloud computing is proving to be an asset that not only an organization, but the entire industry can safely bank on. Most of all, cloud allows companies to focus on what their core business model and leave the management of the environment to the provider to a greater extent.

Ram Punamaraju

Co Founder and CEO, Yitsol Technologies

News and Trends

Tech Burner's Anarc Smartwatch Achieves INR 3 Cr Sales with USD 1 Mn Investment

Anarc features a patented octagonal design by Thought Over Design and Seymourpowell, with a medical-grade stainless steel body. It includes advanced technology like a Hisilicon chipset, AMOLED display, and seven-day battery life.

Diversity

5 Ways You Can Create a More Inclusive Workplace Immediately -- and Why You Should

The more diversity you bring to your team, the greater your chances of finding groundbreaking insights and solutions.

Starting a Business

He Started a Business That Surpassed $100 Million in Under 3 Years: 'Consistent Revenue Right Out of the Gate'

Ryan Close, founder and CEO of Bartesian, had run a few small businesses on the side — but none of them excited him as much as the idea for a home cocktail machine.

Marketing

4 Neuromarketing Hacks to Reach More People and Maximize Results

You don't need to be a neuroscientist or have a big budget to start upping your conversions immediately.

News and Trends

Insurtech Player Zopper Raises $25M in Series D Funding

With 40 insurance companies and 2500+ ecosystem players, Zopper will utilize the fresh capital to ramp up digital infrastructure, by strengthening its Insurance Distribution platform

News and Trends

Fintech Start-Up CredFlow Secures $3.7M Pre-Series B Funding

CredFlow said that the funding proceeds will go towards "optimizing and scaling the startup's financial services and lending verticals, as well as towards improving its tech and innovation capabilities."