Cloud transformation is on every business leader’s agenda. And for a good reason. It provides organizations with advanced capabilities that help them overcome competition and become resilient. But many organizations overlook a significant aspect of cloud adoption—migration.
Research by Mckinsey shows that cloud spend is increasing by at least 20 to 30% each year, and companies can cut these costs by having a solid cloud migration strategy.
Whether you are planning to adopt a hybrid or public cloud, this guide will help you analyze top cloud migration challenges, metrics, and industry practices to ensure that you lower costs and also position the business to grow more quickly. But before that, let’s understand the basics.
For companies, who want to move away from inefficient legacy systems, cloud migration provides access to scalable resources, improved security, and greater flexibility.
In a nutshell, it is a process that involves moving data, applications, and other business assets from a company’s on-premises IT infrastructure to a cloud computing environment. Cloud migration success depends a lot on how you create the roadmap. It requires a solid strategy to bridge the gap between expectation and reality.
P.S. If you want to know more about cloud transformation and understand how top players are succeeding, here’s a guide with interesting insights.
As businesses rush to move to the cloud, they may encounter the following challenges:
Research shows that 65% of companies identified security and compliance risk as their biggest concern during cloud migration. And this is because sensitive data is transferred from one system to another, making it vulnerable to security threats. By understanding the key data management and security risks, you can resolve blind spots and ensure proper security compliance.
Here are the top security risks that most organizations are facing:
How Do Successful Companies Work?
To avoid security pitfalls, here are the top things successful companies do before starting the entire process:
Cloud migration success doesn’t depend entirely on technical aspects. Studies have shown that 55% of companies struggle with the complexity of business and organizational change that cloud adoption brings. And that’s why people and change management play a big part in it.
When you move to the cloud, you put time and money into it, so naturally, you want a solid ROI. But that won’t happen if your workforce doesn’t realize the platform’s benefit and use it optimally. Having proper people and change management practices will help you reduce downtime and leads to cost optimization.
How Do Successful Companies Work?
Most cloud migration success stories revolve around IT leaders ensuring that change happens incrementally and doesn’t instigate fear. Let’s understand the top practices that successful companies follow to make the transition of cloud migration more effective for their workforce.
If you are keen to explore more about what is ‘Change Management’ and how exactly to implement it, you can read this guide here.
Although cloud budgets are increasing, with companies spending $78 Million on average, rising cloud migration costs are still a concern. Data shows that migration costs companies 14% more than their planned budget and causes delays of more than three months.
Here’s a summary of the top costs you can incur during a typical cloud migration process:
How Do Successful Companies Work?
Let’s review the top strategies of successful companies that help them control migration costs:
Measuring cloud migration success is critical to identify improvement areas and understanding the overall impact. Here are the top cloud migration metrics you should consider!
The top cloud migration stories are ones where organizations took time to do proper planning. They didn’t rush and understood the nuances of the process in detail to accomplish their goals. A big mistake companies make is not treating cloud migration as a crucial mission-driven initiative. Like every mission-driven initiative, it must have a strong foundation driven by the involvement of every stakeholder and a full-proof strategy.
And if you need help, ATC can help you deal with the intricacies of the cloud migration process. Our data-driven approach toward cloud transformation has helped global organizations realize the full potential of the cloud and transform their organizational structure from better to best.
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