Tag: business optimization

The Cloud Ecosystem Economy
Today’s Cloud Ecosystem Economy and Why it is Important to Understand

 

Like it or not, we are living, no….thriving, in a cloud ecosystem economy and there is no turning back.

What is a Cloud Ecosystem Economy?

Just as a biological ecosystem consists of all the organisms and the physical environment with which they interact, the cloud ecosystem is a complex system of increasingly interdependent components all working together. The cloud ecosystem economy is the great catalyst that levels the playing field for all businesses. This is an explosive ecosystem that expands the reach and scope of every business that taps into it. It has also increased the power of the individual and made available vast amounts of knowledge flows. That’s one of the reasons why Rene Buest’s, article How Tech CEOs Participate in Ecosystems, describes this phenomenon as a continually evolving ecosystem that forms the basis of innovative digital solutions and products. It’s why Jeanne Ross prescribes cloud services as the foundation for all digital offerings; thereby become the bedrock for digital transformation.

It is true to say that the Cloud is just someone else’s computer. That is one way to think about it, but it’s far from presenting the whole story. What cloud technology makes possible goes considerably beyond computing capabilities. We’re talking about many kinds of immense databases and knowledge flows the cloud taps into. We’re talking about synergy and exponential growth (see Moore’s Law).

Imagine if you owned a business at the beginning of the 20th Century and hadn’t yet adopted telephone technology. How long could you have remained competitive in such an environment? While business leaders don’t need to understand the ins and outs of the technology, they must understand how the technology impacts the future of their business.

In a recent report, the data analysis company Ecosystem cites three reasons CEOs need to get involved in and have visibility into an organization’s cloud investment.

 

Chart showing the top reasons business leaders are moving their IT environment to the cloud.
A study from Ecosystem, a technology data, and analysis company, showed the main cloud benefits sought by companies considering cloud migration.
Cloud Enables Transformation

Enterprise companies have matured in their Cloud adoption. Decisions are no longer driven by the benefits of shifting Cloud from CapEx to OpEx. The top 3 Cloud benefits sought by companies are

1. Improved Service Levels & Agility 
2. Increased Work Process Efficiency
3. Flexibility & Scalability 

The idea is that the Cloud Ecosystem is a group of technologies and resources that empower infrastructure and open the doors to a world of digital value propositions not yet imagined. The Cloud Ecosystem is an enabler of doing business, real-time data access for productivity increase, and process automation. This impacts the entire organization and involves prioritizing the needs of certain functions over others. These are not decisions the CIO should make alone.

The Cloud is Not Cheap

Cloud adoption may not reduce costs. Ecosystem360 found that over a third of the organizations surveyed find the Cloud more expensive than traditional licensing or owning the hardware. As businesses use the Cloud to scale, several aspects are dynamic and require constant reassessment. In many cases, companies have found themselves having to find and recruit new teams to manage and maintain the Cloud environment. This is not an issue with IronOrbit. Because IronOrbit offers an all-inclusive solution, you don’t have the high, unexpected, added cost of third-party IT resources. Instead, you get a predictable monthly fee.

Joining the Cloud Ecosystem Gives You Access to Emerging Technologies

Tom Wujec is a fellow at AutoDesk and a global leader in 3-D design, engineering, and entertainment software. He said, “When any industry becomes computable, it goes through a series of predictable changes: It moves from being digitalized to being disrupted to being democratized.”

The Democratization of Disruptive Technologies

While it is true the technology and business world is disruptive; it is also becoming increasingly democratized. The Cloud Ecosystem is a principle conveyor of new technology adoptions. Companies have to be a part of the Cloud Ecosystem to leverage emerging technologies (democratization) or face disruptions from competitors who beat them to the Cloud. Returning to the Ecosystem article, “Cloud is no longer only required for infrastructure and back-up, but improving business processes, by enabling real-time data and systems access. Similarly, IoT devices will grow exponentially.

The Cloud Ecosystem Economy was well on its way before the recent pandemic, which only further accelerated the use of cloud-based solutions. The Ecosystem findings suggest Infrastructure-as-a-Service (IaaS) will remain the key area of focus, especially Desktop-as-a-Service (DaaS).

“The gap between science-fiction and science is getting narrow now,” said Andrew Hessel, a former research scientist at AutoDesk and now co-chair of Bioinformatics and Biotechnology at Singularity University. “As soon as soon as someone has an idea and articulates it, it can be manifested in a very short period.”

The Cloud Ecosystem has left the purview of the IT department and is now part of the board room discussions. Technology is no longer just a point solution. It is a collaboration between humans and machines because, with the help of the Cloud Ecosystem, business leaders can understand the whole range of viable possibilities beyond what any human mind can comprehend on its own. It is time to take advantage of what’s possible. Be inspired by technology and what it can do to increase value to your customers.

Business leaders recognize that taking advantage of the Cloud Ecosystem Economy is about creating a platform for efficiency, innovation, and growth. In a 2021 Harvard Business Review Survey amongst CEOs, 87% said that Cloud would be a critical component to achieving sustainability goals to a moderate or significant degree. The article also reported that only 37% of C-level executives had fully achieved the outcomes they expected from their cloud initiatives. Rene Buest reports, “Only about 3 in 10 CEOs reported complete confidence in their organization’s cloud migration initiatives to deliver expected value at the expected time.

Many variables come into moving legacy systems into the Cloud. There are many pitfalls on the way to cloud migration. Certainly, a big part of the challenge is having the skills on hand to take advantage of the Cloud. More often than not, companies can be so eager to take advantage of what cloud technology offers that leadership makes their choice on price and expediency alone. It looks like a good deal at the moment and they go for it without regard to how it will fit with their company.

Don’t make the same mistake. IronOrbit offers comprehensive, professionally managed services for a predictable monthly fee. We build it for you so that it works. You don’t need to wonder if you have the right skills in-house to make full use of it. At the same time, you’ll have all the flexibility and control that you want.

We invite you to check out our INFINITY Workspaces demo and then do your own proof-on-concept.

Call Today 1-888- 753-5060

As businesses struggle to recovery, they need to create business strategies that are resilient and sustainable.
Harnessing the Power of the Cloud for Business Optimization

Because the world is more fluid, unpredictable, and less stable than ever, the cloud represents a resilient business strategy that is sustainable. 

 

Business optimization is the process of making your operations more efficient and cost-effective. Moving to the cloud enables these improvements to happen easily and with great flexibility.

For enterprise organizations, being in the cloud provides them with the ability to scale up their infrastructure quickly, without setting up an additional in-house hardware. It’s not only fast, but it reduces the cost associated with development.

Employees can access files using Smartphones, laptops, and tablets while you reduce operational costs, boost speed, and improve accuracy.

That’s just the beginning. But still, we’re just scratching the surface of what the transformational “supernova” known as the cloud can do for your business.

Moving to the cloud is not a cure-all solution that is going to solve all your optimization and business continuity challenges. Sure, there will be great benefit in simply migrating your IT infrastructure to the cloud, but to fully benefit from this game-changing technology, leaders have to seek out the cloud solution that is optimized for their unique needs. Not all companies are created equal, and neither are clouds.

Cloud Optimization is about delivering business efficiency to your organization. Leaders need to target objectives, look towards future trends, and make predictions as best they can. These insights help IT operations make better cloud decisions and accelerate business innovations that will impact the future of your company. Remember, it’s not just a matter of surviving the years ahead. The goal is to thrive and, ideally, have the ability and wherewithal to shape your own future.

 

DID SOMEONE SAY, “BUSINESS CONTINUITY?”

It just so happens that being in the right cloud environment also ensures business continuity!

Let’s face it. There are many ways organizations can be disrupted.

There are natural disasters, service outages, security breaches, industry innovations/competition, and now, add lockdowns caused by pandemics to the list.

Without implementing a business continuity strategy as a part of an overall cybersecurity roadmap, any process optimization changes you make can be taken away from you in a second. By being in the cloud (instead of utilizing on-site servers to back up your data and host your applications), the cybersecurity and business continuity elements are already baked into your solution. This assurance of security and reliability gives you the freedom to customize and tweak your internal, IT-supported processes and innovate more effective ways to develop and deliver your products and services.

The decisions you make about your cloud infrastructure can determine the future of your company.

Imagine for a moment that you’re the CEO of one of the top three travel management companies in the USA. You’ve got more than 1,000 employees and twenty-plus locations scattered across the country.

But you’ve got a BIG problem.

The in-house infrastructure you implemented ten years ago is now out of date, operationally overloaded, and in urgent need of hardware, software, and security upgrades.

What to do?

Well, you could invest hundreds of thousands of dollars in new in-house hardware, software, and security solutions, or, you could start looking at the cloud as a potential game-changer for your growing enterprise.

That’s the choice that Darryl Hoover, CTO of Direct Travel, had to make.

He chose to use IronOrbit’s cloud infrastructure to help his organization take the next step in business optimization.

Darryl says, “Our success in the travel industry comes down to our ability to leverage technology and put it to work for our customers. IronOrbit helps us keep that competitive edge.”

 

Harnessing the Cloud for Business Optimization

5 Things You Need to Know

1. Know the Competition

It’s not a surprise that many companies are already using the cloud to house their data and infrastructure. Gartner, one of the industry’s leading think tanks, shows the numbers behind the massive move to a cloud-first infrastructure across all industries.

In an article titled Cloud Shift Impacts All IT Markets Christy Pettey of Gartner notes that “Gartner’s latest IT spending forecast shows that spending on data center systems is forecast to be $195 billion in 2019, but down to $190 billion through 2022. In contrast, spending on cloud system infrastructure services (IaaS) will grow from $39.5 billion in 2019 to $63 billion through 2021.”

What do all these big-dollar forecasts mean for you?

Your competition is either considering a move to the cloud, or they’re already there.

 

2. Know the Costs

Cost is always a factor. Doing the math and understanding what cloud infrastructure will mean for your business optimization goals, in conjunction with your budgeting, is critical. Here are some factors related to cloud infrastructure costs.

OPEX vs. CAPEX – Cloud-first business optimization strategies allow you to get away from the life cycle (and break/fix cycle) of in-house IT infrastructure and move the IT budgeting from the CAPEX side of the ledger to the OPEX side.

Scaling Cost with Requirements – Although a company with infinite resources can afford to build IT capacity that they won’t use for 3 to 5 years, your company isn’t likely in that position. Cloud infrastructure allows you to utilize economies of scale and level-up your expenses only when your business process growth requires.

Budgeted Expenditures – Predictability is valuable. The cloud simplifies IT budgeting because all maintenance, updates, security, and upgrades are done by the cloud provider within a stable, monthly fee.

Improved Performance Raises Productivity and Lowers Costs – Improved efficiency and increased productivity have to be considered when it comes to the cost/benefit analysis of cloud infrastructure for business optimization. Profitability arises when employees can easily access their work without spending time on keeping their computers functioning and secure.

3. Know the Process

The unknown is everyone’s primary source of worry. When the IronOrbit team explains the cloud migration process to a business leader, he/she then has the clarity and information needed to make a decision about utilizing a cloud environment to improve business optimization.

This is how an enterprise cloud migration/implementation process works.

Consultation – Getting together with the key stakeholders in the client company to explore their goals for the cloud migration or implementation

Exploration – Digging in and getting a firm grasp on the current IT assets of the client company and the processes that those IT assets support

Collaboration – Working with the in-house IT organization of the client company to determine a roadmap for moving data and IT-supported processes into the cloud

Presentation – Submitting completed migration roadmap to client company leadership for review and approval

Implementation – Moving data and workflow in stages into the cloud in accordance with the roadmap that has been established and working in coordination with the client organization’s IT team

Testing and Quality Assurance – Ensuring that each stage of the migration process has been completed successfully and is achieving the desired/expected results, i.e., optimization of business processes

 

4. Know the Hurdles

Some companies try to tell you that moving enterprise systems from in-house IT assets to cloud infrastructure is a breeze, but they just aren’t telling you the truth. The fact is that enterprise IT assets are complicated. Moving them into the cloud is a complex procedure. That’s why it’s critical to choose the right team to handle the tough stuff and to help you get over the operational hurdles you must face before a cloud-first strategy results in business optimization.

Hurdle #1 – Buy In

Getting key stakeholders to get on board with a cloud implementation to achieve better business optimization is one of the first hurdles you will face. People like infrastructure that they can see and touch. As a result, there is an innate bias against cloud infrastructure – even if it is better on many levels than buying and maintaining in-house IT assets.

Hurdle #2 – Bandwidth

When your entire data and workflow are securely accessed through an internet connection, it’s critical that your business has reliable bandwidth to handle the traffic and a backup IP.

Hurdle #3 – Training

Optimizing business processes through the utilization of cloud assets is a game-changer. It’s important not to leave your staff in the dark. Each step of the process needs to be communicated from the top down. Talk to the employees that are most impacted by the change. Cloud implementation needs to be framed as a positive for the employees. They need to be trained on new aspects of the process that have been impacted by the cloud implementation.

 

5. Know the Benefits
Using cloud-based data sets, servers, and desktops, your organization can work to drive real-world business advantages.  Here are just a few examples of them.

The Benefits of Moving to the Cloud during Recovery

We’ve saved the best for last!

As mentioned in an earlier IronOrbit blog, the cloud has tremendous energy. The information travels up and down. Large amounts of digital information move in every direction. You need to learn to go with the knowledge flow if you’re going to thrive. The flow of knowledge stocks on the cloud will better equip you to look ahead, predict trends, and respond in a timely manner to the ever-changing market. Being in the cloud ensures that you are interconnected globally, where ideas and knowledge are exchanged freely.

It’s not just about knowledge flows, though that’s compelling enough. It’s also about being able to take advantage of leading-edge technology as it becomes available.

Consider the March 1, 2019, Deloitte article, CLOUD-BASED SERVICES ARE MAKING IT EASIER FOR COMPANIES TO USE AI. “These streamlined ways of using AI are coming at the right time as organizations recognize the value of investing in AI to improve their competitiveness. Companies without a great deal of AI expertise can still benefit, as user-friendly cloud services continue to improve and proliferate. The message for companies that want to remain competitive is that they need to jump in – and it’s never been easier or more essential to tap into the power of AI.

 

IN CONCLUSION

Business Optimization is achieved when gaps in process and technology challenges are addressed in relation to the resources available. Today’s business optimization isn’t about a one-time restructuring, but rather an ongoing, dynamic alignment of people, processes, and technology. This kind of strategic agility can only be supported adequately in a cloud infrastructure.  The Harvard Business Review article by Nicholas Bloom and Nicola Pierri, from August, 31, 2018, makes the point clear. “Flexible access to computing resources allows firms to scale-up (or down) rapidly and to experiment with new products and features. The operational agility can be particularly valuable when facing uncertain demand or a fast-evolving competitive environment.”

Another strong case for using cloud technology to optimize business is made earlier in the same article. It reports that cloud computing is an unusual technology that “provides high-powered computing without the overhead costs associated with in-house software and hardware provisions.”

 

THE BIG PICTURE

Here’s the most important question.

If you’re not going to utilize the cloud for continuous collaboration of processes to meet market demand and stay ahead of the competition, what are you going to do – and how much money are you going to have to spend to make it happen?