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Industry Strategic Challenges to Cloud Solutions

Today’s companies need to be agiler than ever to keep up with business needs and stay competitive in an increasingly technology-enabled marketplace. The pressure is on IT to hold the line on costs as well as deliver rapid response and prepare for ever-more intensive compute and storage needs. Outdated, purpose-built infrastructure, overburdened resources, and a growing gap in essential skills are some of the factors that often hold them back to implement new services—all of which slow innovation and time to market. Outdated environments are expensive to maintain, limit flexibility, scalability, and maximum return on technology investments and in turn keep organizations locked into specific vendors.

With the increasing concern for security and compliance, businesses are increasingly turning to cloud solutions. With the maturing of cloud technology, its adoption is sharply on the rise across industries. Many organizations have admitted that their IT budgets would be 80 percent cloud-based in just 15 months, on average.

Amongst the three cloud models – public, private, and hybrid, selecting the best one hybrid—involves careful consideration of how each cloud implementation option would meet the needs of the overall organization and its specific workloads, with three key areas of consideration:

Business considerations: Use cases; agility; time to market; finance strategies including TCO and CapEx vs. OpEx tradeoffs; legal and regulatory concerns; demand profile; scale of service; billing models; business continuity and disaster recovery; and geographic location of both users and data centres.

Technical considerations: Existing applications’ cloud-readiness and compatibility; security; integration; performance to meet workload demands and SLAs for application developers and end users, including specialized compute requirements and large datasets; and licensing.

Ecosystem considerations: Evaluation of cloud service providers and service models, including Software as a service (SaaS), Platform as a service (PaaS), or Infrastructure as a service (IaaS).

Many companies have realized that the legacy system can be exchanged for the private clouds that suit their needs, delivering more cost-effective capacity, flexibility, and scalability. Private cloud solutions serve a single organization to provide isolated data protection, which is especially important for industries with stringent security and compliance requirements, like financial services and healthcare.

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