{"id":15856,"date":"2021-06-17T21:31:44","date_gmt":"2021-06-17T16:01:44","guid":{"rendered":"https:\/\/cigniti.com\/blog\/?p=15856"},"modified":"2021-06-17T22:32:49","modified_gmt":"2021-06-17T17:02:49","slug":"financial-benefits-moving-to-cloud","status":"publish","type":"post","link":"https:\/\/www.cigniti.com\/blog\/financial-benefits-moving-to-cloud\/","title":{"rendered":"Financial benefits of moving to the cloud"},"content":{"rendered":"

Migrating to\u00a0the\u00a0cloud has numerous benefits such as backup, recovery, and security, but one of the primary reasons why enterprises move to the cloud is due to its related cost savings.<\/span>\u00a0<\/span><\/p>\n

A traditional infrastructure such as a data\u00a0warehouse\u00a0involves costly updates amidst several other issues such as server anomalies, data discrepancies, dedicated workforce, and most prominently costly updates.<\/span>\u00a0<\/span><\/p>\n

According to\u00a0<\/span>Ashar\u00a0Baig<\/span><\/i><\/b>, a research director at\u00a0<\/span>Gigaom\u00a0Research<\/span><\/i><\/b>, \u201c<\/span>Cloud is mainstream today, driven forward by users\u2019 desire for lower cost solutions, better scalability, and business agility<\/span><\/i><\/b>.\u201d<\/span>\u00a0<\/span><\/p>\n

Even during the pandemic era, while we\u2019ve seen several enterprises shutting down their businesses for good, cloud adoption has been on an\u00a0upsurge.<\/span>\u00a0<\/span><\/p>\n

Recent statistics reveal that 90% of the companies have expedited their adoption towards cloud in response to the COVID-19 pandemic with a relative increase in\u00a0cloud expenditure.<\/span>\u00a0<\/span><\/p>\n

As\u00a0enterprises\u00a0rally\u00a0for a\u00a0gigantic\u00a0worldwide\u00a0effort\u00a0to produce and\u00a0allocate\u00a0COVID-19 vaccinations,\u00a0Software as a Service (SaaS)\u00a0based applications that\u00a0empower\u00a0vital\u00a0tasks such as\u00a0supply chain and\u00a0automation\u00a0are\u00a0critical.\u00a0<\/span>\u00a0<\/span><\/p>\n

These\u00a0SaaS based\u00a0applications\u00a0endure\u00a0to\u00a0prove\u00a0trustworthy\u00a0in\u00a0ascending\u00a0vaccine management, which in turn will\u00a0aid\u00a0CIOs further\u00a0authenticate\u00a0the\u00a0continuing\u00a0shift to cloud.<\/span>\u00a0<\/span><\/p>\n

The proximity of emerging technologies with Cloud computing has further accelerated\u00a0its growth.<\/span>\u00a0<\/span><\/p>\n

According to\u00a0<\/span>Gartner<\/span><\/i><\/b>,\u00a0\u201c<\/span>Global public cloud spending is forecast to reach $332.3 billion in 2021, increasing by 23.1% from $270 billion in 2020.\u00a0 Growth in cloud spending can be attributed to increased adoption in technologies such as virtualization, edge computing and containerization.\u201d<\/span><\/i><\/b>\u00a0<\/span><\/p>\n

The usage and adoption of cloud is set to further evolve to those that amalgamate cloud with technologies such as Internet of Things (IoT), Artificial Intelligence (AI), Machine Learning (ML), Big Data, 5G, and more.<\/span>\u00a0<\/span><\/p>\n

Cloud will\u00a0help\u00a0as the\u00a0adhesive\u00a0amid\u00a0several\u00a0additional\u00a0technologies that CIOs want to use more of,\u00a0letting\u00a0them to\u00a0vault\u00a0into the\u00a0subsequent\u00a0period\u00a0as they address more\u00a0multifaceted\u00a0and\u00a0evolving\u00a0use cases\u00a0and\u00a0will\u00a0certainly\u00a0be a disruptive market, to say the least.<\/span>\u00a0<\/span><\/p>\n

The revenues and profits for the big 3 Cloud companies continue to be on the rise.\u00a0<\/span>\u00a0<\/span><\/p>\n

The latest statistics reveal that Amazon\u2019s AWS had a surge of more than 30% in revenue during the first quarter while Microsoft\u2019s Azure revenue increased manifold to above 50%.<\/span>\u00a0<\/span><\/p>\n

Followed by these two giants in Cloud business is Google\u2019s Cloud where it has seen a rise of close to 50% in its business during the last quarter.<\/span>\u00a0<\/span><\/p>\n

The constant growth of Cloud computing is a testimony to the fact that no disruptions in the technology or the economy can shake the foundations of cloud.<\/span>\u00a0<\/span><\/p>\n

According to\u00a0research and analytics firm\u00a0<\/span>Canalys<\/span><\/i><\/b>, \u201c<\/span>In the first quarter of 2021,\u00a0global cloud services infrastructure spending grew to $41.8 billion to represent a 35% year-on-year increment and 5% quarter-on-quarter growth<\/span><\/i><\/b>.\u201d<\/span>\u00a0<\/span><\/p>\n

Given its huge financial benefits, enterprises have no other choice\u00a0but to adapt to\u00a0the\u00a0cloud.<\/span>\u00a0<\/span><\/p>\n

Here is a list of some of the economic benefits\u00a0for enterprises implementing Cloud migration \u2013\u00a0<\/span>\u00a0<\/span><\/p>\n

Eradicates\u00a0Operational\u00a0Expenditures\u00a0<\/strong><\/h4>\n

Owning and managing servers on your own premises is no longer necessary,\u00a0thanks to cloud data\u00a0centers. In a variety of ways, this lowers ongoing running costs.<\/span>\u00a0<\/span><\/p>\n

Apparently, if you have fewer hardware on your premises, you will save money on power and cooling. The extra physical space could be better\u00a0utilized.<\/span>\u00a0<\/span><\/p>\n

By decreasing the amount of maintenance necessary, cloud computing eliminates the need for costly service agreements and additional onsite IT support workers.<\/span>\u00a0<\/span><\/p>\n

Because idle servers waste a lot of energy and money, the ability to scale up or down based on demand and improved hardware\u00a0utilization\u00a0corresponds to more efficient power use.<\/span>\u00a0<\/span><\/p>\n

Improve\u00a0disaster recovery\u00a0competences\u00a0<\/strong><\/h4>\n

An enterprise\u00a0that uses cloud storage has a two-hour disaster recovery deadline.<\/span>\u00a0<\/span><\/p>\n

Companies who employ local storage, on the other hand, can address this problem for up to eight hours, which might result in significant losses for the company.<\/span>\u00a0<\/span><\/p>\n

Object-based cloud storage is supported by modern disaster recovery solutions, so you don’t have to copy the backup to physical media first and then restore it.<\/span>\u00a0<\/span><\/p>\n

This indicates a lesser chance of financial loss due to downtime for a company. Furthermore, the cloud provider is responsible for restoring the system to functioning order, so you no longer\u00a0have to\u00a0worry about it.<\/span>\u00a0<\/span><\/p>\n

Nil\u00a0maintenance cost\u00a0<\/strong><\/h4>\n

You gain complete responsibility for providing quality services and a serious approach to the work accomplished when you choose a cloud provider that intends to work effectively with a large corporation.<\/span>\u00a0<\/span><\/p>\n

This includes the scope of services supplied, the level of service, equipment reliability and modernity, a team of engineers with extensive expertise, professional\u00a0planning,\u00a0and implementation of projects of any complexity, and a\u00a0personalized\u00a0approach.<\/span>\u00a0<\/span><\/p>\n

Following the transfer of infrastructure to the cloud, the cloud provider is responsible for the continuous and correct operation of services and equipment, as well as security and a variety of other factors.<\/span>\u00a0<\/span><\/p>\n

The cloud provider\u00a0also monitors equipment and networks on a constant basis, provides round-the-clock technical help, prepares backups, and handles a variety of other jobs, allowing the client to focus on their primary business.<\/span>\u00a0<\/span><\/p>\n

Pay-As-You-Go\u00a0<\/strong><\/h4>\n

The pay-as-you-go business model of the Cloud allows businesses to save a lot of money. Essentially, whether it’s email, storage, or server space,\u00a0organizations\u00a0may cease paying for\u00a0underutilized\u00a0resources, postpone purchases, and check out alternatives before committing to anything.<\/span>\u00a0<\/span><\/p>\n

The business world has begun to move at breakneck speed since the advent of the Internet.\u00a0<\/span>\u00a0<\/span><\/p>\n

Small and medium-sized business owners have struggled to keep up with the pace and adapt to new technologies.\u00a0<\/span>\u00a0<\/span><\/p>\n

Businesses profit from IT Cloud services because they improve their operations and communication with clients while saving time and money.<\/span>\u00a0<\/span><\/p>\n

Decrease\u00a0the support load of\u00a0IT department\u00a0<\/strong><\/h4>\n

You can trust the provider to manage the IT infrastructure in the cloud if the details of your\u00a0organization\u00a0do not necessitate maintaining and paying a large crew of technical specialists.<\/span>\u00a0<\/span><\/p>\n

This is more cost-effective than engaging a specialist to do these jobs.<\/span>\u00a0<\/span><\/p>\n

Even if your\u00a0organization\u00a0is involved in software creation, your experts can do more difficult duties than cleaning dust coolers and restoring unintentionally erased data.<\/span>\u00a0<\/span><\/p>\n

They will be able to concentrate entirely on the quality of the product being developed and the efficiency of each sprint.<\/span>\u00a0<\/span><\/p>\n

Enhance\u00a0suppleness\u00a0<\/strong><\/h4>\n

One of the most significant components of a productive day is having access to files. Employees who are not physically connected to an internal server are frequently unable to access files stored on the server.<\/span>\u00a0<\/span><\/p>\n

Cloud storage allows you to access data from wherever, whether you need to open a budget spreadsheet from your hotel room or a Photoshop file from the office.<\/span>\u00a0<\/span><\/p>\n

As a result, your staff will have more flexibility in completing daily activities and will be more successful in circumstances where time is of the essence.\u00a0<\/span>\u00a0<\/span><\/p>\n

For example, cloud data storage allows you to deploy a product significantly faster because employees don’t have to waste time transferring files, they can make real-time updates, and a circumstance where a specific file is deleted is impossible.<\/span>\u00a0<\/span><\/p>\n

Conclusion\u00a0<\/strong><\/h4>\n

Cloud security is essential to assess the security of your operating systems and applications running on cloud.\u00a0<\/span>\u00a0<\/span><\/p>\n

Ensuring ongoing security in the cloud requires not only equipping your cloud instances with defensive security controls, but also regularly assessing their ability to withstand the latest data breach threats.<\/span>\u00a0<\/span><\/p>\n

Cigniti\u2019s team validates\u00a0whether\u00a0your cloud deployment is secure and gives you actionable remediation information when it\u2019s not complying\u00a0with\u00a0the standards. The team conducts proactive, real-world\u00a0security tests using the same techniques employed by attackers seeking to breach your cloud-based systems and applications.<\/span>\u00a0<\/span><\/p>\n

Cigniti\u2019s cloud testing services<\/a> offer end to end validation of cloud migration transformation and cloud native build with a shift left cloud first approach.\u00a0<\/span>\u00a0<\/span><\/p>\n

Cigniti\u2019s cloud testing services help enterprises achieve compliance, secure data, reduce efforts by 40% through automated build and deployment validation and improve productivity by 35% with early alerts for any issues.<\/span>\u00a0<\/span><\/p>\n

Get maximum value from your cloud transformation journey with Cigniti\u2019s Cloud Testing services. Schedule a discussion with us to consult with our experienced team of cloud testing experts.<\/span>\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Migrating to\u00a0the\u00a0cloud has numerous benefits such as backup, recovery, and security, but one of the primary reasons why enterprises move to the cloud is due to its related cost savings.\u00a0 A traditional infrastructure such as a data\u00a0warehouse\u00a0involves costly updates amidst several other issues such as server anomalies, data discrepancies, dedicated workforce, and most prominently costly […]<\/p>\n","protected":false},"author":20,"featured_media":15857,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[136],"tags":[3597,2054,934,935,344,3594,3596,3595,586,3593,948],"ppma_author":[3727],"class_list":["post-15856","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cloud-testing","tag-cloud-adoption","tag-cloud-application-security-testing","tag-cloud-application-testing","tag-cloud-based-automation","tag-cloud-computing","tag-cloud-migration","tag-cloud-migration-strategy","tag-cloud-migration-testing","tag-cloud-performance-testing","tag-cloud-security","tag-cloud-testing-services"],"authors":[{"term_id":3727,"user_id":20,"is_guest":0,"slug":"cigniti","display_name":"About Cigniti (A Coforge Company)","avatar_url":{"url":"https:\/\/www.cigniti.com\/blog\/wp-content\/uploads\/2024\/10\/Coforge-blog-Logo.png","url2x":"https:\/\/www.cigniti.com\/blog\/wp-content\/uploads\/2024\/10\/Coforge-blog-Logo.png"},"user_url":"https:\/\/www.cigniti.com\/","last_name":"(A Coforge Company)","first_name":"About Cigniti","job_title":"","description":"Cigniti Technologies Limited, a Coforge company, is the world\u2019s leading AI & IP-led Digital Assurance and Digital Engineering services provider. Headquartered in Hyderabad, India, Cigniti\u2019s 4200+ employees help Fortune 500 & Global 2000 enterprises across 25 countries accelerate their digital transformation journey across various stages of digital adoption and help them achieve market leadership by providing transformation services leveraging IP & platform-led innovation with expertise across multiple verticals and domains.\r\n
\r\nLearn more about Cigniti at www.cigniti.com<\/a> and about Coforge at www.coforge.com<\/a>."}],"_links":{"self":[{"href":"https:\/\/www.cigniti.com\/blog\/wp-json\/wp\/v2\/posts\/15856"}],"collection":[{"href":"https:\/\/www.cigniti.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cigniti.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cigniti.com\/blog\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cigniti.com\/blog\/wp-json\/wp\/v2\/comments?post=15856"}],"version-history":[{"count":0,"href":"https:\/\/www.cigniti.com\/blog\/wp-json\/wp\/v2\/posts\/15856\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cigniti.com\/blog\/wp-json\/wp\/v2\/media\/15857"}],"wp:attachment":[{"href":"https:\/\/www.cigniti.com\/blog\/wp-json\/wp\/v2\/media?parent=15856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cigniti.com\/blog\/wp-json\/wp\/v2\/categories?post=15856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cigniti.com\/blog\/wp-json\/wp\/v2\/tags?post=15856"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.cigniti.com\/blog\/wp-json\/wp\/v2\/ppma_author?post=15856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}