What is Cloud Strategy?

Cloud computing is a type of computing that provides shared resources, software, and information to computers and other devices on demand. Cloud computing strategy is the process of developing a plan for how an organization will use cloud computing to meet its business objectives.

The cloud strategy should be aligned with the company’s business objectives and should also take into account the company’s culture, industry, and regulatory environment.

What are the Benefits of a Cloud Strategy?

The benefits of cloud strategy are:

Scalability:

The cloud offers the ability to scale up and down rapidly, without having to invest in expensive hardware. The cloud provides a way for businesses to use more of their budgets on important things, such as development and marketing. With the cloud, even small businesses can have enterprise-level infrastructure and scalability without the hefty price tag.

Cost Savings

Cloud providers are changing the way we think about business. This new model of flexible, on-demand pricing is revolutionizing the way businesses operate. They offer a world of possibilities for an array of industries, including financial services, retail and more.

Security

The cloud provides a safe and convenient way to store, manage and access data. Cloud computing is an effective way to create a secure digital workspace that offers encryption and firewalls as standard features.

We have also talked about these advantages in length in our blog post on 3 advantages of cloud computing.

How to Create a Successful Cloud Strategy?

The cloud strategy is the plan for how an organization will use cloud technology to achieve its goals. It includes the following:

The business case for using the cloud

A business case can show you the timeline of your environment to see when you might want to invest in more modernization. Developing a plan requires putting together a financial plan that includes technological considerations and aligns with business results. These AI writers help you foster support from your finance team and elsewhere in the business, speeding up cloud migration, and letting you be agile in an uncertain environment.

The desired outcomes from using the cloud

What do you want cloud to do for your business? Are you interested in the cost saving element only? Or does it go beyond that? As per a report by KPMG, cloud can potentially save companies around 10-20% of their budget dedicated towards IT. However every organization has its own set of outcomes that they expect. This could include moving towards an omni-channel approach as well or improve your operational excellence.

The risks associated with using the cloud

The cloud provides a convenient way for users to store their files and access them from any device. However, the cloud is not 100% secure. Cybercriminals can steal your information if they are able to hack into your account. They could also use malware or spyware to track your internet usage or read what you type on your keyboard. This is why it is important to have security protocols implemented in it as well.

The security requirements for using the cloud

All companies, regardless of their size or industry, need to take into account the security requirements for using the cloud. There are three main areas for consideration: 1) data storage and access, 2) data protection and 3) audit trail.

The governance model for using the cloud

It is important to take into account the different types of cloud and how they will affect the use and governance model. Public clouds are built on a shared infrastructure, open to everyone. On the other side, there are private clouds that are built for a single customer or organization. In terms of governance, public clouds have a greater need for security because there is no set owner to take responsibility for data protection.

So there you have it. Your complete guide to cloud strategy and how it can help your business. Want to know how we can implement this for your business? Click here.