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14 Things you Need to Know About Cloud Advisory Strategy

JULY 01, 2022 04:30 AM

Moving to the cloud is one of the best business decisions any company can make to reap endless benefits. Migrating to the cloud is one of the numerous business processes facilitated by effective enterprise resource planning (ERP) software. Cloud ERP solutions can automate and digitize all your business processes, including accounting, supply chain management, warehouse management, human resource management, and more.

What is Cloud Advisory?

Cloud Advisory Services is a strategy that helps you to identify and solve business problems. It also enables you to explore the latest technology trends and their impact on the business. With Oracle Cloud Strategy, you can be sure that your organization will be able to respond to changes in the market by providing better customer service, increased productivity, and reduced costs.

  1. Cloud Advisory Service is one of the first steps in implementing the cloud strategy in any business.
  2. Cloud Advisory, as the name suggests, advises any business about the available cloud business solutions and how they can be used for the existing environment of companies.
  3. Apart from that, they primarily assess the existing digital environment of the businesses in-depth to chart out the perfect cloud strategy for your business.

14 Things you Need to Know About Cloud Advisory Strategy

Each business use case requires a different migration strategy or combination depending on the business objective. Cloud strategy and consulting firms provide numerous cloud advisory services to businesses looking to migrate to the cloud.

Choosing the right cloud advisory strategy is a big decision, but it doesn't need to be complicated. We've compiled a list of 14 things to consider when evaluating your options so that you can make the best choice for your company.

1. Better Cloud migration

Cloud technology is the future, but it can be a significant hassle when migrating all your applications to the cloud without any knowledge or experience. This is why hiring a cloud advisory service is the best step because they can guide you better when you migrate to the cloud. The cloud migratory service experts have all the knowledge and skills to ensure your hassle-free transition to the cloud.

2. Understand how the cloud can benefit your organization

As mentioned earlier, not every business is cloud-ready. Your cloud migration partner should undertake a cloud readiness assessment to assess the situations that may favor or object to seamless cloud implementation.

3. Outline the business functions and goals

Together with employees and migration partners, brainstorm and document objectives that will unearth the various business functions that can be migrated or modernized based on the existing scope of the business. Cloud migration partners will help you identify the business functions that need to be migrated at the earliest and the other functions that will create value in migrating.

4. Equip the business to be future-ready

Future state analysis includes both business and technological aspects of cloud deployment. In this stage, consider the authentication, identification, confidentiality, and suitability options are taken into account.

5. Redundant and Gap analysis

This analysis includes identifying the gaps (priorities, overlaps, and shortfalls) and redundancies in proposed cloud solutions to ensure there are no barriers to the migration plans.

6. Risk assessment

Based on past experience's organization can first identify the likely risks that may occur. So, a risk-aware cloud strategy helps to validate potential issues and compiles the appropriate mitigation strategies.

7. Determine the right cloud deployment model

Decide on how your cloud will be deployed (Public, Private, and Hybrid) in your organization depending on your business goals. To get the best value out of the cloud, analyze your computing requirement, networking, and storage requirement

8. Right type of cloud service

Enhance how the organization adapts to the cloud model and help transition to the new workflow; this means considering cloud computing solutions and analyzing the advantages of cloud technologies over other options.

9. Cloud strategy consulting

Be it any Oracle cloud or any other cloud migration strategy, businesses would be benefited if they had a reliable and effective partner who could architect and implement these cloud applications in their industry.

10. Outline the Implementation plan

Gather details of the implementation plan through a viable implementation roadmap and recommendations with activities that evaluate the dependencies, costs, and benefits of different cloud transition projects.

11. Right cloud computing model

The three major cloud computing models are to solve the cloud challenges.

  1. Software as a Service (SaaS),
  2. Platform as a Service (PaaS)
  3. Infrastructure as a Service (IaaS)

12. Assess security and data

  1. Security compliance refers to how capable your organization can protect and control access to sensitive data and the audit mechanisms to ensure continued legal compliance.
  2. Data criticality refers to the ability to protect confidential data from being tampered with and always available to your business.

13. Evaluate your cloud target state

Using qualitative and quantitative assessments, estimate the value benefits of your organization's intended achievement of cloud goals physically and virtually, post-implementation, and measure against your current infrastructure and ROI.

14. Service providers can simplify complexity

Cloud was supposed to simplify the world, but businesses migrated to the cloud without adequately evaluating their primary goal. You might find it hard to maximize and interact with each of your clouds; the cloud provider handles hardware and software upgrades, saving money and time while guaranteeing that applications always have the up-to-date infrastructure.

End note:

Cloud advisory companies possess the right expertise and experience that enable them to suggest the right set of solutions and the intricacies of the service providers to their clients adopting cloud models, or better still, book a 2 hours consultation with a cloud migration service provider.

SMACT Works is a technology-focused systems integrator and IT/ERP consulting firm. We deliver end-to-end consulting, managed, and implementation services for Oracle Cloud Applications, IaaS & PaaS, On-Premise PeopleSoft & EBS Applications. Headquartered in Dublin, OH, we have a global presence with North America and Asia offices. We are an Oracle Gold Partner Cloud Standard, ISO 9001, and 27001 certified delivery organization serving customers with Excellence and Integrity.