As more companies begin to use the cloud, CIOs and CFOs are trying to figure out how to reap the financial and non-financial benefits of cloud computing. Multi-cloud strategies are commonly used by businesses, indicating that cloud adoption is reaching a tipping point. As most business workloads currently reside in the cloud, companies are opting for a multi-cloud strategy. Although cloud migration can produce productivity and security improvements, it may not provide the cost savings or productivity gains that many companies expect. This could be their fault. This article at McKinsey by Jeff Dirks, Chhavi Arora, Brendan Campbell, Venkatesh Lakshminarayanan, and Stavroula Papadopoulou discusses how you can leverage cloud migration to boost business value.
A Cloud Journey for Better Business
TrueBlue chief technology and information officer Jeff Dirks’s vision was to create a technology company that delivers high business value through technological innovation. It would then enhance the quality of products and services and drive the business value further. The cloud migration started with a lift-shift approach. It aimed to improve the velocity and acceleration metrics of continuous integration and continuous delivery (CI/CD) pipelines. With the cloud, companies can dry-run ideas without any actual investment. It provides businesses the ability to iterate every idea without incurring any capital expense.
Using the Cloud to Oversee Multiple Parallel Work Streams
A strategic approach for lift-shift was adopted to initially move simple systems and then scale up to complex systems. Automating their work for CI/CD approach, they further built data pipelines to support their training, development, and machine learning. Additionally, the cloud infrastructure enables companies to leverage advanced technologies on an on-demand basis. Companies now have actionable insights and advanced data science, machine learning, and artificial intelligence capabilities.
Furthermore, the author speaks about incentivizing cloud training, the benefits of the cloud, adopting new technology, and the advantages of remote work.
To read the original article, click on https://www.mckinsey.com/business-functions/mckinsey-digital/our-insights/the-business-value-of-innovation-in-the-cloud
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