The rapid evolution of technology is not news to companies operating in today’s increasingly digital market landscape. As data and cloud-based solutions become the norm, cloud adoption is set to be a major trend in the tech industry for the coming years. If your company is yet to embark on its cloud journey, this article will provide key information on preparing for a cloud-based future in business.
With the final figures yet to be revealed, a recent study by the International Data Corporation (IDC) predicts a 19.6% growth in cloud infrastructure spending in 2022 compared to 2021, a year-on-year growth increase of 8.6% on what was recorded in 2021. Total market spending is expected to have grown to $88.1 billion in 2022, with all segments experiencing accelerated growth. This growth is driven by the rapidly increasing demand for scalable, flexible, cost-effective cloud solutions for businesses of all sizes.
While cloud-based services are used to improve the efficiency of various areas of business, one key area where cloud adoption plays a major role is the field of data analytics. As big data and the Internet of Things (IoT) continue to transform the digital economy, businesses are today collecting, managing, storing, and leveraging more data than ever before to drive their digital operations and online business success. This transformation is a huge challenge: Companies that don’t have the necessary infrastructure or cloud expertise now have to build out new cloud and data capabilities.
This is where companies like Aliz come in. As a Google Cloud Partner, Aliz specializes in delivering data analytics, machine learning (ML), and infrastructure solutions for businesses of all sizes. Whether your company is in the market for off-the-shelf products or custom-built digital solutions based on the Google Cloud Platform (GCP), we can help you make sense of your data and gain valuable insights to drive your business forward.
So, what steps can CIOs and CEOs take to prepare for the future of cloud adoption?
For decision-makers, managing an organization’s cloud-based digital transformation can be a necessary but challenging exercise. As a CIO, it’s important to start planning for cloud adoption early on, and to involve all internal stakeholders in this transformative process. Including your teams in the process makes it easier to assess the current state of your IT infrastructure and identify which systems and applications can and should be moved to the cloud.
Choosing the right cloud provider that fits your company's specific needs is a crucial step to driving long-term success on the cloud. GCP is a great option for businesses of all sizes that need a scalable and flexible solution. With GCP, you can use the tried-and-tested infrastructure that YouTube and Google Search are based on, and take advantage of strong AI capabilities. Not only does GCP offer an easy platform to manage cloud resources, but it’s also safe and secure, providing robust security features, such as encryption and authentication protocols.
For CEOs who understand the benefits of cloud adoption, it's important to invest in the necessary resources to help the transition to data-based operations in the cloud. This may include building the necessary infrastructure (such as servers and storage), as well as hiring the right talent (including cloud engineers, data analysts, and more).
It's also important to be aware of and to carefully consider the financial implications of cloud adoption. That’s where FinOps can be helpful in ensuring transparency and supporting informed budgeting for cloud spendings.
FinOps refers to the business discipline and cultural practices related to the financial management of cloud infrastructure and services. In essence, FinOps is a way to clearly identify cloud cost drivers and streamline the costs of cloud infrastructure and services. It’s a practice that is becoming increasingly important as more and more businesses move to the cloud and see their cloud costs mount due to the insufficient optimization of their cloud resources and processes.
Aliz’s FinOps tool Rabbit helps cut those costs by providing clarity around cloud spending. It helps bridge the cloud cost transparency gap between Management and Engineering, providing clear insights into what exactly is costing you money and enabling engineers to optimize cloud usage. Using Rabbit’s recommendations for optimizing processes, you can significantly reduce your cloud spend while maintaining the performance of your cloud infrastructure.
Besides providing clarity around cloud costs, Rabbit helps implement the FinOps mindset across the organization by providing accountability and making your teams cost-conscious. Companies use Rabbit to gain visibility and control over their cloud spend, and rely on Rabbit’s personalized recommendations to cut their cloud bills.
To summarize, cloud adoption and the move toward data-based operations are major trends in the tech industry, rendering it vital for businesses of all sizes to be prepared for the cloud transition. As an executive (CIO, CEO) contributing to the organization’s data journey, it's key to start planning your company’s cloud adoption early on, and to select the cloud provider that best suits your organization’s evolving cloud needs.
Aliz is a Google Cloud Partner. We can help you make sense of your data and gain valuable insights to drive your business forward. Once your business is taking advantage of data on the cloud, taking the FinOps approach can help you optimize the costs of your cloud infrastructure and services. With the right planning and preparation, your business can take advantage of the many benefits of cloud adoption and stay ahead of the curve while optimizing costs. Ready to get started? Sign up for our free cloud assessment to understand where your organization stands on its cloud journey, and let us help you plan for progress.
