9 MINS READ
Staying ahead of the curve
Enterprises over the years have embarked on the adoption of multi-cloud. Today we see most enterprises are already committing to migration and modernisation programs, gradually moving the public cloud-ready applications. It has given respite to shrinking IT budgets and agility to businesses to deploy products faster, securely and with scalability.
However, it has not fully addressed the assurance to businesses using relevant industry compliances or solutions that leverage the power of cloud. More so, while delivering a capsulated platform that combines all the above aspects into a vertical focussed package. This is where the need for industry cloud-led business solutions arises.
Industry clouds are more than just repackaged sets of services -– they are specifically designed to meet an industry’s needs and accommodate industry-specific workflows that general-purpose cloud solutions cannot. For instance, cloud-based business solutions for the financial services and healthcare industries would have provisions to address data security and protection, both of which are top concerns for highly regulated industries.
These business solutions identify and build functional requirements of an organisation to deliver operational efficiency and to create new business services for their existing and potential customers. For example, in the complex, siloed, manually driven operations of the aviation sector, cloud-based business solutions can enable connected insights and intelligence for comprehensive operations visibility. It leads to higher productivity and the airline being operationally more responsive while delivering an enhanced customer experience.
Established organisations must continually find ways to differentiate themselves to remain competitive, lead the market and keep at pace, especially from the smaller native digital disruptors backed by what can seem endless new investment monies courtesy of private equity and venture capitalists.
Consequently, such organisations carry significantly high levels of technical debt and often experience poor performance due to their legacy systems. Commonly, the siloed front-of-house systems do not integrate well into the back office. Rewriting such techniques takes time and financial investment that is often unavailable. Whilst ‘lift and shift’ might reduce the total cost of ownership in the short term, it does not address the challenge of ageing technology that is less relevant to the business operation as an industry evolves.
Simply put, public cloud vertical solutions have greater potential to create value for enterprises.