Before looking at how innovation drives your business development it’s crucial to understand why so many companies are now making their move into the public cloud. From a high-level perspective there are several aspects that drive the decision, such as:
- Datacenter contract expiry
- Quick integration of acquisitions
- Urgent capacities needed
- Software and hardware refresh
- Security threats
- Application Innovation
- Software End-of-Support
Once this demand is answered, the next step to further nurture your cloud investments and innovate what you already own: data. When speaking about innovating data we can mean different actions such as evaluating a new service or product or looking at a new way of working that will help your co-workers achieve more revenue or increase business productivity. All of this is considered to be “innovation in the cloud”.
One of the main assets of digital transformation is data. It’s at the heart of today’s business landscape – a ubiquitous resource that companies can leverage for innovations and insights. It’s all around us, and with the cloud, it can be mined very easily to provide valuable insights that will help you to come up with recommendations on how to improve your business. However, while the data might already be available, there are different ways to collect the data and turn it into intelligent statements that will serve as a solid base for your decision-making process. While you might choose the predictive model or the prescriptive model, it’s the quality of the data that makes the difference. If you don’t have a lot of data in your environment to understand what happened, why it happened and how to fix it, then you won’t have enough helpful information.
Understanding the importance of data always comes with the next question of “Why”. Modernizing your cloud estate can help yoboost your business in different areas:
- Enable Innovation - to unlock your digital transformation scenarios, accelerate speed to market and create new business models
Mitigate Risk – with a version-less, managed platform freeing yourself from patching, upgrade, and EOS cycles forever and automated, modern security capabilities such as Advanced Threat Protection built-into services
Optimize Cost - PaaS Machine learning based continuous performance optimization helps you significantly lower costs