Cloud Drivers, Risks & Challenges
Cloud Computing is driving a major transformation in the way customers are leveraging Information Technology (IT) to run their businesses. Adopting cloud products and services offer enormous opportunities and business efficiencies to organisations. The model of outsourcing your IT resources rather than building, supporting, upgrading and maintaining your own IT resources offers distinct advantages.
When adopting a cloud business model, organisations are looking to address the following business drivers:
- Growing revenue
- Reducing time to market
- Improving customer experience
- Attracting new customers
- Maintaining profitability
- Improving employee productivity
- Improving cash flow
- Introducing flexible demand led services
- Increasing business productivity anywhere.
Organisations need to be wary of the following potential risks when looking to leverage cloud computing:
- Data storage: organisations do not physically possess storage of their data
- Vendor lock-in: being tied to one cloud provider
- Data held externally: cloud provider manages business continuity and disaster recovery
- Data portability: migration of data from one cloud provider to another.
For organisations looking to leverage cloud products and services, navigating today’s myriad of options is extremely challenging. Current cloud delivery models, and the products and services offered, are relatively immature and there is a disparate and fragmented bag of providers offering and delivering a slew of cloud based services, from capacity to applications.
Today’s organisations face many challenges when looking to address their cloud product and service needs. Procuring and connecting to a complete solution from one cloud provider is challenging due to the current nature of cloud computing. Further challenges include:
- Containing technology related costs
- Implementing new solutions/ up-grades
- Keeping systems up and running
- Integrating different applications
- Achieving better data insights
- Reduce IT complexity and resources.