Digital Transformation Strategy Essentials Part 4: Digital Transformation Strategy Essentials

Digital Transformation Strategy Essentials Part 4: Cloud Transformation

In this fourth and final installment of our Digital Transformation Strategy Essentials blog series, we’ll discuss why cloud platforms will continue to play a critical role in a company’s digital business strategy today, and how you can fully harness its power to enable digital transformation for your organization.

Over the years, we saw the cloud mature from a being a new technology that’s only used to run smaller segments of an organization, or used only by digital natives like Uber and Spotify, to becoming the default platform for most modern companies today. Currently, more and more companies are now shifting to the cloud to run most of their business processes,

This entails the need for technologies that enhance digital customer experience to effectively cater to today’s rapidly changing digital marketplace. One of these technologies is the cloud platform.

We’ve also noted that adaptive security and compliance should be among the top priorities of enterprises for digital transformation. With cloud adoption, companies have resolved most of their concerns, including security, and have also empowered employees to innovate and deliver custom solutions much faster than ever before, allowing early adopters to gain the lead in this digital transformation race.

In a report by Harvard Business Review (HBR), 84% of the enterprises they surveyed said that their use of the cloud has increased and that more than a third of these companies reported increased revenues, profit margins, and data security as a result of deploying the cloud. Analysts at Forrester saw this as a persisting trend and predicted that the cloud market would accelerate even faster as enterprises seek to gain efficiencies while they scale their compute resources to deliver better products and

That is why companies that have adopted the hybrid cloud are found to be the most advanced at digital transformation. Dell EMC Corporation stated in its report, “Organizations with a significant number of hybrid cloud workloads are three times more likely than non-adopters to be approaching their digital business and infrastructure readiness goals.”

However, HBR noted in their report that simply deploying the cloud is no longer a competitive advantage these days because everyone is doing it. It is not a question of whether businesses should use the cloud or not anymore, but rather of how they could develop more creative ways of integrating the cloud into their IT infrastructure to achieve a quantifiable advantage. "Advantage in the future will come from how well the cloud is managed and to what extent companies can use it to decrease friction in all of their business activities,” HBR