Where's my cloud?
Digitization and digitalization is at an all-time high, coupled with a new era of work reshaping practices across the world. New-age technologies are taking even the most physical business procedures largely online, which is in turn creating a new ecosystem of both risks and opportunities.
Cloud computing is one such transformative technology, which has dynamically advanced from being a back-end storage service to a front-end business facing gateway. Having access to a vast variety of computing services online, ranging from servers, storage, databases, networking, software, analytics, and intelligence, gives users more than just cost savings and greater flexibility. Companies have an opportunity to become more agile and transform their operating processes, fostering innovative practices and new facets of value creation.
Cloud computing is not entirely a new concept; yet, it has emerged as a core global buzzword in the recent ecosystem of work as a host of businesses – big and small – take their information “up-high.”
While cloud adoption has steadily been making its way into Indian enterprises as well for a number of years, its speed of dissemination has gained new wings post the pandemic.
The Indian cloud market, which stood at only USD 2.5 billion in 2018, has the potential to grow multifold over the next two years. Within this, small and medium businesses (SMBs) can become key catalysts for growth.
However, the journey “upwards” is not that simple. Cloud migration is a big move that involves every business function (not just IT), bringing up issues such as data privacy & confidentiality, accessibility, interoperability, regulatory compliance, skill development, process compatibility and a lot more.
While there is a cloud for anyone and everyone, every cloud pathway, creation, and operation is different. In this sense, “understanding and developing your own cloud” is pivotal.
Our paper, Where’s my Cloud?, aims to highlight the growth of cloud computing and touch upon core focal areas that companies must consider when designing their own cloud adoption strategy – both within and after migration.
Mazars believes that the crux for any organization, as it treads upon moving into the sky, lies in finding its own cloud. This, in essence, calls for each firm to undertake the following fundamental steps.
- Understand the need and purpose behind cloud migration across functions
- Identify the risk-reward profile of the cloud and all underlying implications
- Select the right type of deployment model and service bundle
- Embed the technological gateway into all aspects of the business
- Connect people and processes (from ground to cloud)
- Breathe freshness into the system from time to time
