02 Oct, 2017

Could Lack Of Cloud Expertise Cost Your Organization Money?

 -

We talk about cloud computing frequently. This is mainly because it has disrupted many industries in more ways than one. Learning about the ins and the outs of cloud computing may seem like a challenge, but, according to a recent report, it is a necessary challenge to concur.

The report revealed on CIO Dive suggests that lack of cloud expertise could cost enterprises $258 million annually. When there is a cloud skills gap, it can hurt enterprises in more ways than one. Along with the cost, innovation and creativity are at risk to be lost as well.

“The study also found that the cloud skills gap is stifling creativity, with two thirds (65 percent) of IT pros saying they could bring greater innovation to their organization with the right cloud insight*.” Rackspace reports. 

The Problem

Once an enterprise integrates cloud computing to operations, they tend to fail with learning how to properly set it up, or use it to its full potential.

The second this happens, the business is at risk for lagging when it comes to deploying the cloud. Once a business starts to lag, the business’ innovative transformation will fall behind.

Falling behind when it comes to innovation can hinder the business operations and force the business to lose money. According to experts, the cloud results in a lot of benefits, especially a high level of ROI.

“IT decision makers are seeing the benefits of moving all or part of their IT estate to the cloud. Around half (48 percent) of respondents say their organization has already seen a positive return on investment (ROI) on using the cloud, with a further 39 percent expecting the cloud to deliver positive ROI in the future.” Rackspace reports.

This makes the cloud a high demand function, which requires skilled professionals. When the cloud is not used to its full potential, IT and business professionals become frustrated.

Despite the rewards of cloud services, professionals are still finding it hard to find talent in the IT industry.

“Looking at what IT pros seek in a new role may provide some pointers to businesses in the competition for workers. While salary and benefits are the top priority (71 percent), having the opportunity to progress in the company (49 percent) and training and learning opportunities (35 percent) were also highly rated, showing that businesses must think broader than pay rates to secure top talent.”

Not all hope is lost, however. The report put together strategies that can help professionals close the skills gap, to meet the expectation of the cloud. (Taken from Rackspace)

Splitting the IT function into separate streams – Conceptually dividing IT functions into two parts will allow businesses to focus on the dual priorities of business-focused digital innovation and operations focused innovation – both essential to helping an organization accelerate in a technologically led market.

Developing a cloud skills strategy – Every enterprise IT executive should adopt a Cloud Skills Strategy, which will map current skills in the organization, map future innovation trajectories and changes (both within the business and in the cloud), and match these with realistic market analysis of the available talent pool.

The full assessment of the cloud ecosystem – Organizations should adopt an ecosystem approach to the provision of basic cloud services (for example pooling risk by relying on providers). As a result, the dual challenge of both constantly improving and significantly innovating can be greatly improved by relying on a balanced pool of skills and competencies both within and beyond the organizational boundary.

ABOUT DIGITAL ENTERPRISE TRANSFORMATION ASSEMBLY

Digital Enterprise Transformation AssemblyThe Millennium Alliance is thrilled to present the second 2017 edition of Digital Enterprise Transformation Assembly, put together by the industry, for the industry. Join us November 16-17.

Limited sponsorship opportunities are available. Download the Digital Enterprise Transformation Assembly Sponsorship Prospectus for more information >>

 

Trackback URL: https://mill-all.com/blog/2017/10/02/could-lack-of-cloud-expertise-cost-your-organization-money/trackback/