Around six out of 10 businesses have moved their work to the cloud, and experts only expect this trend to continue in the next few years. Of the organizations that used the cloud, 90% made use of a multi-cloud strategy that included Amazon AWS and other service providers.
Even if you only look at it from the perspective of corporate data, around 60% of corporate data is already stored in the cloud. At this point, any companies that still haven’t adopted cloud technology are simply left behind to stagnate. C-Suite executives in traditional companies are hesitant to make the move because of cost concerns, questions over management options, and a persistent “if it ain’t broke, don’t fix it” ideology.
That said, it’s time for businesses to fully embrace the shift to the cloud. In a time where digitalization is rapidly increasing and becoming an inevitability, the cloud ensures a smoother transition. While inflation and uncertainties in the market may make executives feel even more pressured to minimize operational risks, it’s time to jump on the train before prices rocket higher, and while it’s still a viable means to mitigate certain costs. For the more stubborn members of the C-suite, there are a few significant ways to sway their decision.
Focus on Scalability in Uncertain Times
Uncertainty is only something to be nervous about if you are unable to create new pathways and possibilities in the face of it. With cloud technology, you are essentially providing your company with more flexibility and adaptability.
The International Monetary Fund still sees a rocky outlook for the economy all the way through 2024. With continued global conflict, high inflation, and advanced economic growth that is expected to fall below 1%, it’s a precarious time where high-level executives must make well-informed yet bold moves to stay afloat. With a move to the cloud, scaling is more cost-efficient as companies are able to adjust based on demand. Growth and downsizing are both more achievable in real-time, with rapid deployment that is not limited to infrastructure or capacity.
Lean Into the Suite of Cloud Tools for Productivity
Cloud computing boosts productivity in many meaningful ways. Its biggest draw is its potential for workflow automation and improved collaboration between teams. Essential data and tools are easily accessible by authorized users while remaining protected from malicious entities and attacks.
Companies operating at a higher level can fully optimize their productivity by employing multi-cloud systems that include Infrastructure-as-a-Service, Cloud Management Platforms (CMS), cloud storage, and cloud security. There’s also the option of the hybrid cloud, which is used by around 82 percent of IT leaders.
Even the most change-averse executives may be moved by the potential growth and flexibility that can be gotten from major providers. Companies can try MongoDB Atlas products and easily integrate them on Google Cloud, Azure, and AWS, which basically makes global and remote deployment much more feasible. It’s a great way to collaborate and expand to maximize different regions.
Highlight Long-Term Cost Savings
At the end of the day, it comes down to cash flow. Because the cloud allows for a more simplified and streamlined way to operate, you eliminate plenty of major costs. The biggest and most obvious one here is infrastructure, as cloud computing removes the need to invest in and maintain servers, data centers, and hardware for networks. On top of that, flexible pricing structures can minimize spending on tools as businesses only pay for any consumption of resources.
It’s also worth noting that the improved performance and productivity that is associated with cloud adoption can do wonders in slashing the costs that otherwise come par for the course when managing workers. Errors are easier to avoid and rectify, and resources are utilized with more efficiency.
Additionally, it also has the potential for energy savings, lower maintenance costs, and fewer IT expenses in terms of management. Studies by Oracle have shown that businesses can reduce their energy consumption and carbon footprint by up to 90% by moving to the cloud.
Future-Proofing the Company
The companies that survive economic turmoil and changing times are those that adapt and innovate, which the burgeoning and ever-advancing cloud infrastructure makes much room for. The cloud allows companies to utilize economies of scale to lower costs, aggregate demand, adapt to hardware changes and automate tasks. It also enables companies to keep up with continued advancement across industries like machine learning, AI, the IoT, and data delivery.
In terms of manpower, this also makes things easier for executives looking to build trust with remote teams. Secure data sharing, real-time communication, and seamless collaboration are possible thanks to cloud systems. This is vital because, as Wall Street Journal legend and CEO Stephen M. R. Covey has put it, “Without trust, we don’t truly collaborate; we merely coordinate.” C-suite executives are privy to the fact that collaborative teams and sustainable tools are what make any operation future-proof regardless of unexpected obstacles.
