Machine learning, big data, artificial intelligence…the influx of technologies has forced businesses to be more agile in order to align with these trends. Yesterday’s solutions simply don’t work to keep up with the demands of today. Businesses need to serve clients faster and innovate quickly in order to stay relevant. This is possible through digital transformation.
Digital transformation is an organizational culture shift toward a digital mindset. This enables efficiency and helps businesses remain agile, even in times of chaos. It also requires a flexible solution, one with the capabilities found in cloud computing. According to McKinsey, cloud adoption helps companies innovate faster, scale efficiently, and reduce technology risk. The cloud can also reduce many of the challenges some companies face to better enable digital transformation.
Let’s look into how cloud computing helps enable digital transformation and benefits companies in today’s evolving business landscape.
How Cloud Computing Enables Digital Transformation
Cloud computing helps businesses stay agile in today’s fast-moving IT environments. In fact, it’s become the expected approach. Gartner Research shows that more than 75% of organizations that use cloud services have a cloud-first strategy.
Many companies are undertaking a digital transformation to keep pace with the competition and with user demand. The cloud offers an effective solution for enabling this digital transformation.
Traditional, on-premise systems are not flexible enough to enable digital transformation – and maintenance is costly. Rather than spending more money on these systems, organizations can benefit from moving to the cloud and gaining the processing power that comes with private or public cloud providers.
Benefits of a Cloud-Based Digital Transformation
For digital transformation to take place successfully, businesses need to change their existing processes and use modern technology such as automation. To adapt to such technologies, businesses need the right computing power and IT infrastructure.
Cloud computing provides this capability and serves as the foundation for an effective transformation. Businesses that embrace the cloud benefit from:
High Level of Security
Unexpected system shutdowns and data breaches are very real threats. The cloud reduces these risks through multiple data backups that ensure continuity and data protection.
Greater Collaboration
A digital transformation is a cultural shift within an organization, and the cloud enables users to adapt. Employees can collaborate from anywhere and access the information they need at any time. In today’s largely remote work environment, this is critical.
Reduced Costs
A cloud-based solution is made specifically for a business's requirements and enables them to pay for only what they use. This saves the costs of purchasing and managing an IT infrastructure.
Digital Transformation Will Get Businesses Through Today’s Evolving Landscape
In addition to emerging technologies, the pandemic has escalated the need for a digital-first mindset. For companies to remain relevant in today’s fast-moving, digital-first business environment, digital transformation is essential.
The right technology supports business processes and helps organizations stand out amongst competitors. Embracing new technology will help businesses thrive in today’s digital era – the cloud can help make the transition easier and faster.
Contact Enterprise Visions and learn more about how you can enable digital transformation within your business.