How Cloud Technology Can Leapfrog Your Business IQ

Agility. Innovation. Intelligence.

When working in tandem, these three concepts can spell success for any business. But without these capabilities, businesses falter in the eddies of unfavorable market conditions.

When business leaders get together, the discussion often gravitates to how companies can nurture and empower new ideas and implement them faster because this is what keeps any business competitive.

 

Business Success…and the stumbling blocks called data

Across the globe, enterprises are investing heavily in AI, ML, and technologies for improved efficiency, in solutions that communicate with each other seamlessly, and in strategies that empower employees to ideate and innovate.

And yet, there’s still a hurdle that most companies continue to stumble over: data.

A recent IDC research into enterprises showed that 50% of employees are overwhelmed by the amount of data, while at the same time, 44% say they don’t have enough data to support decision making!

What cloud technology can mean to business growth

Businesses everywhere are going through a period of transformation. Clunky old legacy systems are being digitally overwritten. Decades-old data silos are shrinking under a barrage of data management solutions. And all of these transformative capabilities are being held up and supported by the cloud.

More than a storage system

If you’ve been thinking of the cloud as an efficient way to store data, it’s time to upgrade that thinking. The cloud is a platform that can handle data and while also supporting the solutions that process and use that data. By leveraging cloud capabilities, businesses can scale their capabilities up or down with less risk and pursue their business goals while keeping costs low.

No downtime

Imagine a credit reporting company trying to move 18 years of customer data for 330 m American customers US from GVAP archives. By using cloud technology Tavant was able to dynamically adjust the size of the computing cluster to accommodate the changing workload without interrupting production.

Remote access and security

The global pandemic has put greater focus on cloud capabilities as companies are forced to maintain data security while enabling employees to work remotely. Consider the competitive advantage experienced by businesses that already had a secure, remote work environment in place before 2020.

CAAS (containers as a service) 

Businesses can also benefit tremendously from container applications which are now being offered by many cloud providers. As consumable services, these CAAS can be deployed by DevOps directly on top of the cloud application layer. Each app is wrapped in a standardized configuration, significantly improving security, scalability, and load times and providing an efficient alternative to virtual machines.

In fact, Gartner predicts that by 2023, 70% of global organizations will be running more than two containerized applications in production, up from just 20% in 2019.

Smart businesses are getting smarter with cloud technology

Regardless of the business size, cloud technology now offers an easy way for businesses to innovate, respond quickly and empower employees from anywhere.

For the first time ever, we have a level playing field from which companies of any size can leapfrog their way into the future and create new business opportunities for themselves using cloud technology.

The only question is, who will leverage cloud capabilities efficiently to get there first?

SOURCE:

https://blogs.idc.com/2020/05/15/defining-the-data-native-worker-gen-d/

https://www.entrepreneur.com/article/345826

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