The high tech cloud imperative
June 4, 2021
RESEARCH REPORT
In brief
In brief
- For the High Tech industry, Cloud is more than as-a-Service it's a disrupter that can completely transform product lines and entire businesses.
- We have identified 5 unique benefits that can improve certain areas of the multi-cloud environment that many High Tech companies can experience.
- With cloud, businesses can speed product development, increase agility, optimize manufacturing and position themselves for stable, profitable future.
State of cloud in the high tech industry today
High Tech has a unique relationship with cloud because they not only build cloud infrastructure but also adopt it into their product roadmaps. This relationship has become intertwined making yesterday's customers, today's competitors and transforming hardware companies into as-a-Service platform providers.
- Hardware solutions that were previously used won't suffice and high tech manufacturers should consider reinventing their products, business models and themselves.
- Cloud is becoming the tool to help organizations effectively make this transition.
- Successful implementation can become a potential opportunity to demonstrate to customers the effectiveness and benefits of their products that are supported by cloud.
Cloud is changing product roadmaps
With more executives investing in cloud solutions it is forcing companies to re-evaluate their roadmaps to include additional cloud product offerings.
New challenges & opportunities in the marketplace
High Tech providers should think about alternate ways to deliver their services to customers such as, as-a-Service subscription models.
Operational improvements
Lighten the load of technical talent by improving the delivery and economics of IT services to focus on value-added projects.
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The value case for cloud now
Implementing a multi-faceted environment like cloud can alleviate many pain points across a high tech company. We have identified 5 unique benefits that can potentially be a result of adopting cloud.
Source: Accenture analysis 2021
Moving to action
How a company transitions into the cloud is just as important as making the decision to adopt cloud. But don't rush into it. While there is no standard cloud implementation process for High Tech companies, there is a sequence of steps that we recommend.
Workloads
Evaluate applications, workloads and assets to understand their baseline. What do these assets accomplish, how effective are they and how much does it cost?
Formulate a strategy
In order to realize ROI and measure potential cost savings, the cloud migration should follow of well-structured roadmap that includes business goals and services strategy.
Rationalize applications
Understand which applications should be re-platformed, re-factored or re-formatted into an as-a-Service platform. Deploy cloud to legacy applications that should be rebuilt.
Peopleware
Involve the talent in your cloud transformation in terms of organizational structure, personnel and mindset. It's not just shifting workloads, it's shifting corporate culture.
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