Financing Cloud Migrations

Financing Cloud Migrations

The cloud revolution is here, and an increasing number of companies around us are shifting their services to the cloud. This migration is often full of different hassles, which should be avoided at all costs. These confusions and hassles, if avoided, can ensure a smooth pathway to the cloud for you and your organization.

Moving to the cloud is not just an intelligent choice but is also one that has grown extremely important nowadays. The cloud is more efficient and offers amazing benefits for everyone involved. In this article, we discuss the best practices you should follow for migrating to the cloud. These practices have been gathered from some of the best in the business and will help you set your mind right as to what you should do as well.

In this article, we look at steps you can follow to finance the cloud, including the challenges that come with cloud migration. We also look at other cloud migration tips organizations can follow.

Financing the Cloud

The cloud is best financed through a dedicated tech budget for the project. Organizations are best served when they perform migration on a pre-set budget.

Tips to consider when financing the cloud include:

Calculate ROI

As is the case with almost any investment, organizations should calculate the ROI of the project beforehand. Organizations should find out the return they get on their investment so that they can take calculated steps towards financing.

Choose a Hybrid Model

A hybrid cloud model combines both on-site and cloud solutions together to provide the best of both worlds. A hybrid model ensures that you have a cloud backup at all times, and aren’t just relying on one technology.

Additionally, hybrid technology can also be easier to maintain in the long run. Hybrid cloud technologies are cost-effective in nature and more productive when it comes to actualizing the returns and calculating a set ROI.

Challenges of Cloud Migration

Before we look at the best practices that you can follow while moving to the cloud, we will shed some light on the challenges that you will most likely face during this migration.

Minimizing Disruption

The biggest challenge of moving to the cloud is minimizing the disruption you will encounter along the way.

Security and Compliance

You need to be extremely careful of the security of the cloud server you opt for and the compliance regulations in place with them. The security and compliance should preferably be top notch, without any irregularities whatsoever.

Wasted Budget

Another challenge organizations face is a wasted budget, which they cannot recover back from any means. A budget that is wasted on the cloud cannot be recovered through any means whatsoever.

Skills Gap

The skills gap is a major worry for most employers, as they don’t know how to handle the lack of skills in employees around them. Employees need to know how to work with the cloud and should be trained properly if the need be.

Best Practices to Follow

Follow these practices and get the best out of the cloud around you:

Map out a Migration Strategy

Migrating to the cloud isn’t a walk in the park, which is why you need to map out a proper migration strategy that discusses all there is to know about this migration. The strategy should include the opinions of team leaders so that you have different perspectives.

Create a Cloud Governance Framework

Both security and compliance come within the governance of your cloud network. If the governance of your cloud is at par with what is required of you, then you will have no issues whatsoever with the security and compliance with the system.

To ensure that you are at par with the latest industry methods, you need to treat cloud governance with the same gravity as IT governance. You should take into account all of the inherent risks within the technology and the complications in the services that cloud service providers are providing.

A company migrating to the cloud will preferably want minimal risks during the process, with maximum value. Both of these notions can be achieved through a cloud governance framework.

Train Your Staff

Since we talked about lack of skills in staff as a challenge above, you should preferably have your staff trained well in advance. Even big organizations tend to slack off in this regard and later on realize that they have to cover all the missed ground.

It is imperative that you hire experienced individuals and, better yet, give them a chance to get experiential learning before the cloud technology actually comes their way. Training can be tough when the cloud has arrived, which is why you should start the training as soon as possible.

Automate wherever it is Possible

You should look to automate your processes wherever it is possible for you to do so. Any small downtime or disruption in service can seriously deter the outcomes that you are expecting from your cloud platform. You don’t have room for such disruptions in your cloud migration strategy, which is why you need to hand automate wherever you get the chance.

Monitor Cloud Usage

One of the many best practices you should follow while migrating to the cloud is to monitor the usage of the services. Do not go for hybrid packages that try to up sell different services that you don’t require.

Conclusion to Financing Cloud Migrations

You should also preferably monitor your cloud to check the compliance and security of your cloud platform. Keep your guard up at all times to make sure that you’re noting all anomalies. Security should be a high priority for you, as you cannot compromise on it. Contact us to learn more about Financing Cloud Migrations.

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