Companies are seizing on Cloud as the key enabler to complete their digital transformation. Cloud is becoming a top C-suite agenda item as businesses are transitioning from a piece-meal approach to a more holistic end-to-end digital transformation with Cloud at its core. The winners of tomorrow will be the ones that navigate this change rapidly, make the right choices and engage with the appropriate partners to augment their own capabilities.
Like every other industry, digitization and cloud have touched the healthcare and life sciences sectors. However, unlike most other industries jumping onto the cloud bandwagon, these sectors have been cautious and even somewhat sceptical about embracing the cloud. Many decision-makers and shareholders believed that the cloud did not satisfactorily meet their security concerns, as well as the requirement for stringent privacy, authentication, and regulatory issues around drug research and clinical trials.
Resource pooling, public networks, and an on-demand self-service platform are important characteristics of cloud-based IT infrastructure. While these offer flexibility, scalability, and cost optimization, they also result in compromised control and security vulnerabilities.
A robust cloud testing strategy would therefore demand extra vigilance for data security and would address essentials such as strict regulatory compliance, un-matched data accuracy, quality, and integrity, continuous data availability, monitored access control, regular audit controls, and strong encryption.
The big news in cloud computing of late has been the evolution of capabilities inside of cloud that go horizontal as well as vertical. These vertical capabilities lead to the next important stage of cloud's evolution: the theme cloud.
Indian enterprises are soaring to the cloud, as the cloud computing business here is expected to skim the skies in a few years.
Cloud platform companies have been central in helping businesses manage these impacts. Collaboration platforms have allowed workforces to stay connected and operational, even under lockdown.
Socially, too, they have provided a crucial bridge between friends and family who would otherwise have been left isolated by social distancing. Cloud infrastructure has enabled businesses to scale without adding proportionate incremental costs.
Amid this rapidly evolving landscape, cloud platforms continue to invest aggressively in capacity and innovation as they jockey for market share and work to accelerate their clients’ digital transformations. While most cloud platforms will likely see revenues grow, there is a race to land large enterprise IT and data estates due to the long-term challenges and costs associated with migration.
Cloud will open the way to an Industrial future:
Industrial companies will access innovation with cloud. Scaling up the adoption or use of cloud will be instrumental in any kind of post-pandemic recovery, enabling companies to optimize their IT costs, increase their speed to market, and support growth through new kinds of digital engagement with B2B customers and novel product-as-a-service models.
Cloud will enable financial re-engineering and the modernization of applications and data. Yet, most importantly— it will provide a platform for rapid experimentation, innovation and accelerated growth.
Adopting cloud will allow industrial companies to hold a competitive position in the future. When industrial companies integrate cloud across the enterprise in a cohesive manner, they acquire the next-in-class platform to launch new digital products and services, reach new markets, and transform overall customer experience while driving new levels of efficiency.