There are few certainties in life, but a positive trend for global revenue in the public cloud market seems like a safe bet. Cloud migration success stories are on the rise. November 2023 statistics anticipate an increase of 78.32% from 2023-2028, reaching $1.1 trillion.
This marks the ninth consecutive year of continuous growth. Industry juggernaut Amazon is a perfect example. Amazon's cloud computing division, Amazon Web Services (AWS), contributed over $80 billion to Amazon's total revenue, showcasing 29% annual growth. Amazon maintains its position as the global market share leader, holding a substantial market share of 46%.
What does this all mean? What is cloud computing and how can it benefit your company? Are there downsides to switching from on premise to cloud migration? And why are so many software development companies choosing AWS?
Welcome to Jobsity’s series: Cloud Migration 101. In this first installment, we’ll cover what cloud migration is and how to decide if it’s right for your business. Let’s start with the basics.
Cloud computing is using the internet to access computer resources like applications, servers, data storage, and more. These assets are hosted in a remote data center managed by a cloud services provider (CSP), which might charge a subscription or usage fee.
Chances are, you’re already using it. Gmail, Netflix, and Dropbox are all examples of companies that use cloud computing. Gartner predicts that worldwide public cloud spending by end-users will reach $679 billion in 2024.
Compared to the traditional way of managing IT on-site, there are clear benefits to using the cloud. The first is cost savings. Using cloud services helps reduce the costs and efforts of buying, setting up, and managing your own on-site infrastructure.
Cloud services also let organizations use enterprise applications rapidly and flexibly. This allows users like developers to access software and infrastructure without waiting for long setup processes. It’s like having them already installed on your system, but without taking up space.
Another draw is the scalability and efficiency of cloud computing. Cloud allows users to easily adjust their capacity based on demand. Businesses don’t have to purchase extra storage or capabilities that might go unused.
The term “cloud computing” also includes the technology that makes it work, like virtualizing IT infrastructure. This involves using software to abstract and pool resources like servers and networking, breaking free from physical hardware constraints. This virtualization helps cloud providers make the most of their data center resources.
There are four main types of cloud services you’ll encounter while deciding to make the switch. All have potential benefits—it’s a matter of deciding which are most necessary for your business. They’re sometimes called the “cloud computing stack,” as they can build on top of each other to meet your needs.
For all the benefits of cloud migration, it isn't a one-size-fits-all solution. There are a couple of reasons that cloud computing might not be the right move for your business.
An example is if you work in an industry with strict regulatory compliance or sensitive data concerns. While there’s high potential for the future, at the moment it’s difficult to ensure cloud migration security measures. This is especially relevant to healthcare, finance, and government. As regulatory guidelines advance with modern tech, proving compliance becomes less of an issue.
Companies with limited internet connectivity or bandwidth constraints might struggle to fully leverage cloud services. This is particularly relevant in remote areas with poor network infrastructure. If you’re a small business with straightforward IT needs or minimal workloads in a rural area, the downside is doubled. The cost of cloud services might outweigh the advantages, making on-site solutions or alternative hosting options more economical.
Lack of in-house expertise can also be a deterrent to cloud migration. If a company doesn't have the necessary skills or resources to effectively manage cloud environments, the transition becomes tricky. We’ll talk more about the professionals you’ll need in a bit.
For organizations with unpredictable or seasonal workloads, optimizing costs in a pay-as-you-go cloud model can be challenging. Fluctuating usage patterns may lead to unforeseen expenses. It's essential for companies to thoroughly assess their circumstances, weighing both the advantages and challenges before deciding against or delaying cloud migration.
Okay, you’ve considered the options and you’re convinced: it’s time to make the switch to cloud computing. But how should you migrate to the cloud? Transitioning to the cloud is a big step for any company and it requires a clear cloud migration project plan.
A successful cloud migration requires collaboration. The roles you need will vary based on your company’s requirements, but these engineers are a great start to a smooth transition.
While these roles are important, collaboration and effective communication among team members are equally vital for a successful cloud migration. You need a team that’s in it for the long haul, a team that gets it done right the first time.
Our approach to staffing helps you level up your tech team, with long-term payoff. We find your ideal candidate, on your timeline, in your budget.
That’s why companies like Westlake and ServiceCore trust Jobsity to provide the talent they need to make cloud migration a breeze.
Want a risk-free trial? Book a call to get started today.
Donna Kmetz is a business writer with a background in Healthcare, Education, and Linguistics. Her work has included SEO optimization for diverse industries, specialty course creation, and RFP/grant development. Donna is currently the Staff Writer at Jobsity, where she creates compelling content to educate readers and drive the company brand.