Unless engineering practices introduce efficiencies, promote flexibility and drive revenues early, cloud migrations risk stalling because of cost and time overruns.
To Stay Competitive
Survey respondents expected to increase cloud spending by 50%:
reduced infrastructure headcount
reduced access to data center facilities
delays in hardware supply chains
offering more reliable business continuity options
Additionally, public cloud is viewed as offering more reliable business continuity options. With many enterprises using two or more public and private clouds, 93% of enterprises have a multi-cloud strategy and 87% have a hybrid cloud strategy.
What to know: With virtually everyone buying into the cloud optimization and migration movement, it’s imperative for IT leaders, CTOs, and technical leaders to start planning their cloud migration sooner, rather than later.
To Avoid Wasted Cloud Spend
Cost optimization is the primary reason for 47% of enterprises’ cloud migration.
According to TechRepublic, roughly 75% of cloud migrations take over a year to complete with most blazing past the two-year mark. This is likely the reason for most abandoned or stalled migrations. In fact, when approached incorrectly, a cloud migration project can result in the enterprise repatriating their assets back to their original architecture. Often this will result in fragmented IT infrastructure and teams, which in turn can result in higher operating costs and increased dedicated resources.
What to know: It’s pretty easy to go over time and budget with a cloud migration project. Ensuring you have architected for every contingency is crucial to becoming an enterprise that successfully navigates a migration and realizes the cost savings sooner.
90% of leaders said cloud usage is higher than initially planned over 2020 and going into 2021.
COVID-19 has increased cloud usage as virtually all companies implemented stay-at-home work policies during the pandemic. Today, IT leaders and security and compliance experts are looking to the future and how to structure work. Public, private, and hybrid cloud solutions are at the forefront of their minds.
Multi-cloud is ubiquitous among the enterprise set; 92% of respondents to the Flexera survey reported having a multi-cloud strategy. 82% are choosing a hybrid approach, combining public and private clouds.
What to know: If last year taught us anything, it’s to anticipate everything. IT Leaders realize now more than ever, data must be secure and accessible. Don’t wait until the next unexpected global event to map your plan to the cloud.
To Leverage Performance Optimization Opportunities
Public cloud spend was over budget by an average of 24%.
Cost optimization is just one area where efficiencies are sorely lacking. The other is performance. Cloud migration is a cost and effort-intensive initiative. Often, when the enterprise undertakes such an effort, it can be tempting to leave the performance issues until the end. What this does instead is increase the overall costs of the project.
When the enterprise focuses on efficiencies from the start, the results are lower costs, efficiency in delivering the applications, and it helps achieve the required performance.
Lower resource usage = Lower costs
What to know: Business continuity and elasticity are a big part of the reasons businesses are moving to the cloud. With the enterprise moving virtually en masse to some form of cloud solution, performance has become a solid differentiator.
Opti9 has years of experience at the forefront of cloud migration, adoption, and optimization for enterprises just like yours. Let Opti9 guide you on your cloud journey and help create a streamlined and cost-effective plan. Migrating to the cloud is not to be taken lightly. Far too many companies have been lured in by tales of cost optimization and performance improvements. While these benefits are part of the package of moving to the cloud, an ill-planned or lightly considered approach can result in costly mistakes.
If you want to go fast, go alone. If you want to go far, go together.
This African proverb is aligned with our thinking behind the GamePlan, as part of the Cloud Journey at Opti9. Ensuring everyone involved is moving in the right direction together is as crucial as the processes and steps you take on the technology side. When you have an Opti9 GamePlan firmly in place, everyone goes further (and faster too!)