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Actions C-suite Executives Can Take to Get the Most Out of Cloud Computing

Bhagyashri Kambale | April 26, 2022 | 245 views
ACTIONS C-SUITE EXECUTIVES
Cloud implementation alone will not provide value for a company. Executives at the highest levels must take the initiative towards digital transformation. C-suite executives play an important role in a business's digital transformation, which is critical to its success.

C-level executives must consider cloud computing plans over the long term and ensure appropriate money and resources for cloud adoption.

When it comes to cloud computing's objectives and benefits, C-level executives must take the lead and be involved in the strategies to ensure that the blueprint meets the business's requirements. CEOs, for example, must collaborate with CTOs and CIOs to maximize the benefits of cloud computing and ensure a smooth transition to digital transformation.

In this article, we will discuss the five essential activities that the organization's c-level executives must undertake to get the most out of cloud computing.


Five Cloud Adoption Actions C-suite Executives Must Take


Maintaining a Consistent Financial Flow

Cloud computing's objectives and benefits can be realized only with enough funding. As a CEO, it is critical to establish a financial funnel that supports each stage of the organization's cloud migration journey. It may take time for your firm to benefit from cloud computing fully. As a result, it is critical to ensure the financial backing is steady and consistent.


Develop a Cloud-based Business Strategy

A business transition is only as efficient as the planning that supports it. Therefore, to maximize the value of cloud computing, it is critical to developing a business strategy and an accompanying technology operating model. A model of this type harmonizes processes for collaborative engagement between IT and business, thereby unleashing potential.


CIOs Can Help CFOs Grasp the Cloud Business Case

Cloud is a business priority, not an IT one. Because it is based on technology, the CIO must convince other C-suite members, including the CFO. The CIO may directly address the CFO's business priorities by demonstrating how cloud technologies improve business processes and overall enterprise performance.

The CIO can also explain how using cloud-based solutions saves money by letting an external provider handle maintenance and hosting. With technical knowledge of data and infrastructure requirements, the CIO can help the CFO understand the dangers of cloud computing and how to solve CFO concerns like data governance and compliance. The CIO and CFO can collaborate along with CEO to derive better results from the benefits of cloud computing. 


Collaborate on a Deployment Plan

Cloud technologies can be disruptive, whether they solve a problem or add new capabilities. Co-developing a deployment strategy that minimizes downtime, quickly trains employees on the latest technology, and establishes clear success indicators helps minimize interruption.

The discussion should begin with an evaluation of the company's requirements, followed by comparing the various cloud technologies. The CIO can assess the company's current technological environment and identify new technologies that can cover the gaps.


Understand the Financial Consequences of Cloud Computing

The adoption of cloud technology will significantly alter expenses and cost structures. It will take the CIO's expertise to predict these changes. Cloud computing offers more than just long-term cost benefits. Also, CFOs must be aware of the initial costs and their possible influence on corporate efficiency and revenue.

The CIO will understand a cloud vendor's service level agreements (SLAs), prices, and requirements to migrate legacy systems and train personnel on the new technology. Because the CIO will be actively monitoring the company's move to the cloud, they may advise the CFO on predicted cost and cash flow changes. This is crucial for the CFO, who must give Wall Street quarterly capital and operating expense predictions.


Final Word

In summary, the benefits of cloud computing can be reaped by applying high-level strategies. A flawless collaboration between the CEO, CIO, and CTO can transform a business's digital transformation journey into a successful venture. Right communication is critical during the cloud migration process. Employees should get this communication from C-suite executives to foster trust and assure compliance with governance requirements.


FAQ


How does cloud-computing help in the manufacturing industry?

Cloud computing enables manufacturers to run their operations more intelligently, which is enabled through increased use of data analytics. Indeed, for the majority of manufacturers, the cloud is rapidly becoming the primary location for data storage, analytics, and intelligence.


Why do manufacturers adopt the cloud?

Cloud adoption is a strategic decision made by businesses to save costs, mitigate risk, and increase the scalability of their database capabilities. Cloud adoption varies from organization to organization, depending on the degree of acceptance.


What are the 7 R’s of cloud migration planning?

Refactor/re-architect, re-platform, repurchase, re-host, relocate, retain, and retire are the seven R’s in cloud migration planning.

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