For businesses seeking rapid deployment, better outcomes, and data compliance, creating a well-planned cloud strategy is crucial. It is an intricate process involving data and application migration to the cloud ecosystem.
According to Gartner, global end-user spending on public cloud services is anticipated to rise by 18.4% in 2021 to a total of $304.9 billion, up from $257.5 billion in 2020. Furthermore, the total enterprise IT spending that goes on cloud computing is estimated to grow, from 9.1 percent in 2020 to 14.2 percent by 2024. Clearly, cloud adoption is taking up a big chunk of enterprises.
While migrating to the cloud has numerous benefits, the journey can sometimes be daunting. Irrespective of whether they are migrating one or multiple workloads on the cloud, it is essential to proceed prudently. Migrating to the cloud requires a well-planned approach to avoid pitfalls.
Here are some best practices that CIOs can rely on for executing successful cloud migration.
Cloud readiness assessment
Depending on the nature of the industry, companies have different purposes for moving a workload to the cloud, and goals for every business will differ. The initial step in every cloud migration journey is to evaluate the company’s readiness. This gives insights into the current status and formalizes the future state of the business. Moreover, it helps to gain a preliminary sense of the cloud architectural requirements.
Rethinking cybersecurity strategy
Cloud needs an entire redesign and rethink of cybersecurity strategy. Data exfiltration attacks on cloud applications can be costly and challenging to control. A strong and effective cybersecurity strategy is a must during and after migration. The primary challenge is to recognize assets quickly as they are produced in cloud ecosystems.
Keep a close eye on the functional needs of the business
It is important to keep in mind the functional needs of the business while working on a cloud migration project with the team.
If not adequately planned and strategized, migrating to the cloud could be a complicated process for businesses. A successful strategy comprises long-term goals such as better alignment within IT and business and short-term profits like reducing hosting costs.
Plan the end first
It’s advised to start cloud migration keeping the end goal in mind, whether it’s to simplify operations, reduce the total cost of ownership, or enhance application performance. Besides, the migration plan and strategy should be in line with the business outcomes.
Moving to the cloud has various advantages, and a robust migration can lead to transformative results. It’s a good idea to develop a coveted state target operating model before commencing the migration journey.
Researching similar migrations within the industry
When the organization is done gauging its infrastructure readiness, it is critical to research similar migrations across the industry. Keep an eye on the competitors or other companies who have already moved to the cloud and understand how well it worked for them. This helps businesses to identify what type of solution and services were chosen by them and the benefits it brought to their organizations.