Are you looking for reasons for moving toward the cloud or the cloud services, but don’t really know about the benefits?

The move to the cloud can be daunting, difficult, and trying. But, it is also necessary and inevitable considering the demo seen during the unfortunate #COVID crisis forcing people to work from home. Migration to the cloud ensures your IT administrator has one less failure to worry about.

Essentially, a cloud service can refer to any asset provided over the internet. The migration to the cloud has introduced the modern-day consumer with an unprecedented amount of convenience and comfort through smarter living. It has made the customers more demanding, and technology innovators are constantly striving to meet these ever-increasing needs. The sweeping changes that migration to the cloud can bring to how companies oversee the physical assets, how consumers attend to their health and wellness, and how urban areas operate have furthermore inspired visions of a very different future, as well as a good deal of hype.

According to IDC, worldwide cloud services spending could grow from $229 billion in 2019 to nearly $500 billion in 2023. What cloud computing brings to companies is flexibility and functionality. Since the cloud is a vast network – it is simpler to store as huge a volume of data as you want or need to. In any case, it’s important to note that cloud computing in the business industry is totally different from using the cloud for home-based offices or personal needs. Businesses need to decide whether they should go with Platform-as-a-Service (or PaaS), Software-as-a-Service (SaaS), or with Infrastructure-as-a-Service (IaaS) for cloud implementation. Cloud computing allows business owners to concentrate on what is important, that is their business.

Another reason for moving towards cloud is digital transformation. Nowadays as the invasion of the digital transformation is taking the state of a leviathan, there are powerful tools to assist organizations to determine and regulate customer activities on their websites. Digital transformation is the need of the hour. Not only does it help businesses to offer enhanced customer experiences, but it also enables them to generate more revenue.

According to IDC, global spending on digital transformation will be $2 trillion by 2022. The fate of the digital economy depends on individuals and organizations trusting computing technology. The digital transformation generally takes place in the three primary aspects of business, which incorporate the customer experience, the business model and the operational process, the focus must always remain on the enhancement of the consumer experience. This leads businesses to the biggest challenge which involves how one can utilize all these three elements of a business to offer a fulfilling and all-round holistic experience to their consumers.

Digital transformation is sweeping through every industry, prompting organizations to install audio, video, and vibration sensors across their operations. However, given that 30% of IoT projects fail in the proof-of-concept stage, it’s entirely reasonable to be cautious when it comes to investing money in large-scale IoT deployments.

Transitioning to the cloud is one of the most important and fundamental steps in any organization’s digital transformation. A multi-cloud approach, when implemented correctly, should be a best practice to keep data secure. The benefits are numerous, and with the future primed for the evolution and adaptation of emerging tech, multi-cloud provides an essential foundation for tomorrow’s workloads and workforce needs.
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Only 1 in 4 companies drive business value from their IoT mission, the rest 75% are still figuring out a way to extract business value from the technology investments. The IoT as technology has evolved in multiple directions and enterprises constantly struggle in deciding whether they are choosing the right set of components. It can be attributed to the absence of a governing body and a lack of standardization resulting in interoperability issues during technology evolution. If you feel nothing has happened in your company’s IoT mission over the last 2 years, this blog can ring some bells on possible causes.

Reason 1: Only the latest technology can solve modern challenges
The beauty of IoT lies in the fact that it does not necessitates the need to use the latest technology as it works on the concept of a good-enough solution to fix the problem at hand. It means you shouldn’t get subsumed by overwhelming jargon floating around the world of IoT from devices to software to apps.

Reason 2: Our problem is very sophisticated, hence require complex solution
The way most problems are formulated, they appear very sophisticated and demand cutting-edge solutions. Seasoned technology buyers understand this nature, but they face challenging questions from requesting organizations about why they are not going for the latest tech available in the market. A good understanding of the problem boundaries and the proposed solution will equip these buyers to make a convincing case to go for a good-enough solution instead of chasing the excellent tech-specification resulting in over-solving the problem.

Reason 3: Latest technology will be long-lasting
This is the most common myth that has been propagated over the years. With passing time, the technology cycle has shortened, and businesses are not regularly facing the challenge to upgrade their service model. It means, neither the latest technology will necessarily last for many years, nor your business will need an over-sophisticated solution. As a result, the focus needs to be on managing cost instead of pondering over feature-richness and longevity of the latest tech-solution.

The IoT is a lot like Mathematics, multiple ways to solve a problem and reach the same solution. It means, businesses need to define the problem properly and then trust the solution provider to solve the problem instead of breaking head over finding the best-component and finding the latest-solution. It is partly because of the evolving nature of business models due to constant disruption and challenges posed by disruptions from unexpected quarters. When you don’t know how you will serve your customers 2-years down the lane, why bother about creating a long-lasting IoT solution to solving today’s challenge?

Hence, IoT solutions are like a rolling investment where business owners revisit your business model periodically to re-define problem statement which is relevant to the prevailing scenario in the competitive landscape. And the fact that your business is going to evolve every quarter to respond to upcoming disruptions, soon your problem statement will change, and you will need the right counsellor to guide you with hardware specs and solution changes.

Know about the Softnautics services to overcome your challenges!