Tag: cloud migration

With proven business benefits for adopting cloud computing, the prediction of the global marketing intelligence firm, International Data Corporation (IDC) that 90 percent of businesses will use multiple cloud services and platforms by 2020, comes as no surprise.

Digital disruption has clearly hit the banking industry hard across the globe. The first decade of the 21st century initiated enormous change in the way financial institutions operate and this has only accelerated over the years leading up to the current 4th Industrial Revolution (4IR).

The past year has seen more business owners act to boost their employees’ productivity – with new tools and more flexibility. The cost of poor workplace productivity is difficult to measure. How can business owners fully know the cost of inefficient processes, out-of-date technology, de-motivated employees, wasted time and missed opportunities?

As data moves to the cloud, data volumes continue to explode and become increasingly fragmented across devices, locations and service providers. This exponential growth of data and information ushers in the increased burden of responsibility on organisations to strictly enforce data policies and governance, that must be adhered to in an environment of escalating global regulation.

Big data is seeing organisations becoming more mindful of aligning their data management practices with newer paradigms such as data lakes, elastic and cluster computing, and real-time data. As such, the cloud provides an environment capable of managing the volume and scale required to do so.

With the recent significant investments made by hyper-scale cloud providers in South Africa, it is becoming increasingly apparent that cloud adoption is maturing in the local market, as enterprises realise that different aspects of their business require different platforms.

While moving to the cloud might be easier than overhauling on-premise systems, there are still obstacles to overcome. Many companies underestimate the costs of migration and the level of planning required.