Globally the public cloud services spending is expected to reach $370 billion in 2022 according to IDC – which is a five-year compound annual growth rate (CAGR) of 22.5%. Undoubtedly cloud adoption is the normal scenario in enterprise IT, and its adoption spent is one of the fastest growing among segments in organizations. With the impact of Covid19 – cloud migration literally became a blessing for companies that had to work remotely, and along with that came new scenarios to deal with – security, and accessibility for example. However, here’s something we often forget to consider- adopting a cloud strategy is probably more critical than the actual implementation to achieve the goals. Chances are with no strategy in place, organizations will fall behind their peers in witnessing success and ROIs. With the economy impacted and possible budget cuts, it is all the more important to get the cloud strategies right to leverage on the investments.
Cloud business boomed during the pandemic. Azure’s cloud business grew by 47% which is good news for them – but it also means for many cloud users the costs went up.
So what do organizations need to understand before picking the right cloud services for their environment that will help achieving the larger business goals?
The Covid 19 situation has accelerated cloud technologies adoption by IT decision makers globally, and this is expected to continue in future. About 82% respondents in survey indicated ramping up of cloud as an immediate response to the pandemic and the sudden increase of remote working. While the growth of the cloud market due to pandemic has shown the how a crisis could completely transform the operations, it has also got businesses to spend more on cloud and security to support the remote working employees. Businesses will need to do a much more deep dive into its cloud adoption goals and strategies once situation settles down and assess the investments and returns to ensure that cost and quality of performance is not hugely impacted.
Check out this blog on how to determine which among the two gians – AWS and Azure is a good fit for your enterprise!
~M.C.