Cloud computing, like many recent technologies, has evolved into something more substantial than it was originally believed to be at its inception. Cloud storage has enabled new consumer and enterprise capabilities -- including, but not limited to -- increased connectivity across devices, increased data security, streamlined workflow and data transfer, and more. However, not all companies are up-to-speed in terms of cloud literacy. With new and emerging technologies consistently coming into play (AI, 5G, edge), new adopters have more to consider than ever before, prior to taking the leap into cloud integration.
Here are some things for companies to consider as they plan their cloud migration.
Planning for Migration and Implementation
Cloud computing may have far-reaching potential, but companies must first understand which functions of their businesses they want to streamline through cloud integration. Innovating for innovation’s sake is a poor way to make business decisions—and, hence, organizations must establish concrete, attainable goals that they aim to achieve through cloud. Whether it be minimizing maintenance needs by moving from multiple separate data centers to a central cloud, optimizing and seamlessly creating a smarter connected supply chain, or improving customer and after-sales services, there must be a legitimate intent for migrating to the cloud—especially when shareholders are involved.
5G is Coming
Cloud migration should be considered in tandem with other emerging technologies that can drastically improve the capabilities of the cloud. 5G connectivity is at our doorstep, and by combining 5G with cloud computing—along with other innovative technology—companies will be able to truly optimize their internal operations. Planning and implementing new technology will provide companies with an added advantage.
For example, by combining cloud, 5G, and edge computing, companies will be able to simultaneously streamline the in-house manufacturing processes across multiple manufacturing and assembly sites, as well as the processes of post-sale customer services. The two will no longer act separately, and will instead create an optimized singular supply chain (both in the upfront and in after sales).
Building New Business Models
With the capabilities that come with cloud, 5G, AI, edge, and more — enterprises must re-evaluate their internal operations at the foundational level. Businesses should look at the ways that they currently operate, and instead of integrating cloud computing into the existing structure of their organization, they should consider overhauling their overall business structure around such innovation. For example, businesses can integrate said technology with the end-goal of shifting towards the increasingly popular product-as-a-service model of operations. Embracing risks and investing in growth and digital transformation are integral to succeed in the Business 4.0™ era.
These innovations — paired with a solid, fortified IT infrastructure — will allow manufacturers to minimize part count and labor costs, while maximizing product lifetime and customer service satisfaction, and can even help generate new revenue streams, and create exponential value. By recreating the structure of a business around the capabilities of the cloud, companies and consumers will both benefit—as companies are able to generate more revenue and optimize the use of valuable resources, and consumers are provided with exceptional customer service at a lower price.
Companies must fully understand their individual business needs before they start integrating this or any new technology into an existing business model. Likewise, the careful implementation of a combination of new technologies can create exciting ways for businesses to evolve and grow into smarter, optimized entities. Regardless of the industries they serve, cloud computing has its benefits, and we will only continue to see these benefits expand — as technology continues to evolve alongside growing consumer expectations and demand.