TMCnet Feature
May 12, 2021

Signs that your business needs to migrate to the cloud

In 2020, the global public cloud computing market reached $330 billion, and it is estimated that this year, cloud data centers will process 94% of all workloads. Ever since cloud services were introduced, they’ve been growing steadily, and organizations are more and more interested in migrating to the cloud. At the end of 2020, Deloitte conducted a migration forecast for 2021, highlighting the impact that COVID-19 has had on cloud migration and digital transformation in general. What’s more, global cloud traffic increased by 45%, and cloud-driven investments are rising. Based on this data, it seems that organizations fall into two categories: those that have already migrated to the cloud and those that are considering doing so.

And yet, despite the popularity of cloud services, small and medium-sized businesses can be hesitant about migration, especially when it comes to timing. Cloud services sound like a great investment, but how do we know our organization is ready for them? Should we go for it, or should we wait and allocate that budget to something else?

Here are six signs that your business is ready to migrate to the cloud:

Your organization has a work from home/work from anywhere policy.

Remote work is becoming the norm. According to the latest research, half of Americans are still working from home, and many organizations are considering embracing WFH indefinitely or choosing a hybrid schedule where they work partly from home and partly from the office (or shared office spaces). Worker feedback is overwhelmingly positive, and fans of this approach say that working from home allows them to be more productive. However, if you want to implement a long-term work from home policy, cloud migration is essential. One of the biggest benefits of being in the cloud is that workers have access to the same tools as they do at the office without having to go anywhere. The whole point of remote work is that employees avoid unnecessary trips to the office and, by migrating to the cloud, you’re making sure they don’t need to be physically in the same room to collaborate and access important data. When implemented correctly, remote work can boost efficiency in your organization:

  • Teleworkers are up to 40% more productive
  • Remote work has around 40% fewer flaws
  • Remote work reduces the absenteeism rate by up to 41%
  • Employees are more likely to remain loyal to a company that offers remote work or hybrid work schedules

Your hardware and software are approaching end-of-life.

One of the biggest mistakes businesses make when their hardware or software becomes outdated is to leave them as they are and continue working as usual. However, this can have severe repercussions. For example, the old piece of software that employees are used to and that technically works fine can become a liability for the company because it no longer gets security patches, and that increases the risk of data breaches. But, more often than not, outdated software and hardware simply aren’t effective anymore and hold your team back. One option would be to upgrade them, but this has several drawbacks: new systems can be very expensive, take a long time to install, and their performance might still be limited. Instead, you can migrate to the cloud. It’s considerably more affordable, secure, and effective, and it helps you free up resources for the processes that matter.

Your organization is growing.

Have you recently gained more clients and your business is growing? That can be very exciting, but, at the same time, rapid growth can also be challenging because you need to adapt, and if your existing infrastructure can’t keep up with you, that will affect your bottom line. Migrating to the cloud can help your company stay agile by boosting productivity, efficiency, and reducing security risks. If your organization is growing, researching the benefits and types of scalability in cloud computing is definitely worth it, but, at the same time, moving to the cloud can also be an option before a merge or acquisition. According to a 2018 report from Harvard Business Review, technology integration is a problem for 71% of companies involved in mergers and acquisitions, and it can slow down an already complicated process. By switching to the cloud before the merger, the transition will be much smoother, and you will reduce the risk of mistakes.

You’re looking for ways to cut costs.

At the end of the day, money remains a major factor when deciding what to invest in. Migrating to the cloud might sound like a leap of faith but, in the long run, it can actually save you money by boosting your efficiency and eliminating redundancies. Studies show that, on average, businesses that invest in cloud computing achieve savings of up to 40%. And another good news is that if your business needs to change over time, you don’t need to pay for more than you use because cloud services are scalable.

Your IT department is overwhelmed.

Most IT departments have been stretched thin in the past year. As digital transformation continues to shape the business environment, IT staff find themselves doing multiple things at once, and that affects accuracy and efficiency in the long run. If you recognize your organization in this description, migrating to the cloud can free up the schedule of your IT department because they no longer have to worry about day-to-day maintenance, installing software licenses, and fixing bugs.

You’re concerned about data privacy.

Your clients rely on you not only to address their needs through the services you offer but also to maintain their sensitive information private. In this day and age, that may not be such an easy task, considering that cybercrime is on the rise. Unfortunately, small and medium-sized businesses make easy targets for hackers because they often lack the infrastructure to avoid data breaches, and recovering from a breach with your reputation intact is almost impossible. If you’re worried about data privacy and want to make sure client data is out of the reach of hackers, you should definitely migrate to the cloud. By doing this, you reduce security risks and, if someone accidentally deletes data, you can easily restore it.

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