In recent years, it has become quite obvious that cloud computing is here to stay. More so, a move to the cloud has been a consideration for many businesses, both large and small as technology constantly progresses. But what does that mean for businesses in a practical sense? Understanding the who, what, where, when and why of cloud readiness can surely give you a better grasp on the benefits to making the switch, right?
Looking at the data
To start, it’s important to understand the data around what to expect with cloud computing. With the global cloud computing market expected to reach $623.3 billion by 2023, 69% of enterprise organisations are currently migrating data for enterprise resource planning (ERP) applications to the cloud. With 83% of enterprise workloads expected to be in the cloud by 2020 and 30% of all IT budgets already allocated to cloud computing; cloud solutions are more prevalent in the business world than ever and cloud adoption statistics are telling a similar tale.
Who can benefit from cloud solutions?
The short answer is almost any business however, eCommerce businesses have been benefiting immensely from the opportunity to look large virtually while operating extensively. A few of the advantages that are helping eCommerce business make a bigger impact include increased speed, cost reduction and scalability. It has been predicted that at least 90% of eCommerce businesses will be using some form of cloud computing in the next five years.
Why should my eCommerce business move to the cloud?
Many companies have already experienced the benefits of moving to the cloud but it’s important to understand the impact it can have on your business before making the leap. Asking yourself the right questions, can help you build a case for migration. Does your current solution provide a 360 degree view of customers? If not, you might want to migrate for better visibility and deeper insights into your ecosystem. Apart from the list of benefits such as a lowered carbon footprint and a streamlined workforce, it’s important to ask “What are your business objectives with cloud adoption?”
What are the requirements for cloud?
Firstly, it’s important to understand what the cloud means and what your options are. There are a few cloud types which consist of private cloud, public cloud, hybrid cloud and community cloud. Private Cloud consists of hosting all your computing infrastructure yourself with a very high level of security and control. Public Cloud means that the computing infrastructure is located on the premises of a cloud computing company that offers the service. Hybrid Cloud uses both private and public clouds, depending on their purpose. Important applications are hosted on your own servers to keep them more secure. Finally, Community Cloud is shared between organisations typically functioning in a specific community.
Where can cloud adoption be most effective in an eCommerce business?
Ultimately, an eCommerce business can decide to move to the cloud for a variety of reasons. Understanding the way it will affect your organisation in a prosperous way is a steadfast approach to convincing key stakeholders of the advantages. Cloud adoption has been known to impact speed, flexibility and scalability for growth. It also offers the advantage of ease of expansion, streamlines collaboration and reduces operational costs. Cloud migration can impact teams like sales, services and marketing and give them access to a single source of truth when it comes to their data.
When is the best time to make the jump?
If you're thinking about moving some of your systems to the cloud, but you're not sure when the best time to take the leap would be, the answer is quite obvious. Today! This way your business can start to benefit from all of the advantages the cloud has to offer. A few telltale signs that you may want to consider the change? If you see your partners and competitors moving to the cloud, it’s likely that the see the benefits and are looking to take advantage of the lowered costs, speed and flexibility it offers. Another perfect moment for cloud adoption is when your technology infrastructure requires an update which can be a huge expense, especially for companies with multiple locations. Asking the right questions about the cloud readiness is a challenge that many companies face and engaging with the right company to guide you through the process is crucial to a seamless install.
Bonus: How to make the switch?
We’ve covered the who, what, where, when and why of cloud adoption and readiness but how do you make the final decision? Exploring and acknowledging the benefits of cloud solutions can help introduce it to stakeholders within your company in a positive and enlightening way. That’s why we’ve created our Cloud Readiness Guide to help eCommerce businesses assess their readiness for adoption. It outlines the major benefits in a succinct way and outlines the vital questions any company should ask themselves before making the commitment. We review our four key pillars to adoption and what that entails. Cloud-based eCommerce is bringing forth major questions that companies now need to ask themselves to stay ahead of the competition. Our Cloud Readiness Guide is the next step to finalising that decision.