Why a quick and definitive breakthrough?
While companies initially only (tactically) used the cloud for new applications (such as with the development of innovative AI applications), the cloud environment has gradually grown into an increasingly secure and better (strategic) alternative to their own data centers. Originally, this technology was mainly used to increase IT efficiency and transparency, for example for faster e-mail traffic and data storage.
In addition to improved security, companies can also better manage various internal processes via the cloud, such as offering personalized and innovative customer solutions, improving operational excellence within the organization, increasing the productivity and efficiency of employees and increasing the agility to bring innovation.
If the CIO, together with other board level decision makers in a company, can create a broad support base for cloud applications, this opens great opportunities for IT to gain importance as an internal driver for growth and innovation.
The opportunities in hyperscale cloud
The fundamental breakthrough of the cloud – originally mainly in industries where IT was less sensitive and strategic, and thus mainly driven by savings – is also continuing in sectors that for various reasons held back.
The financial services sector has traditionally been more risk-averse and conservative when it comes to deploying new IT solutions, but in recent years it has realized that hyperscale cloud can offer enormous opportunities:
- An attractive and agile offer of innovative B2B and B2C financial solutions, in real time and with the deployment of high-performance tools such as API management, Artificial Intelligence or chatbots (infrastructure as a service);
- Substantial cost savings (whereby the Total Cost of Ownership can be reduced by 20 to 30%) thanks to the shift from expensive and dedicated IT infrastructure to cost-efficient, flexibly deployable cloud software (platform as a service, but also infrastructure as a service and software as a service);
- A streamlined internal work organization – via Microsoft Teams or the cloud platform Azure, for example – that enables DevOps, offers reusable components in the cloud (platform as a service) and more flexible and lower maintenance effort infrastructure (infrastructure as a service).