Worldwide changes in market demands have forced businesses to quickly evolve, allowing them to keep pace with these changes. How do they do so? By adopting robust business models and making the most of powerful technologies – including both cloud and cloud-native technologies – which allows them to enhance user experience, stay relevant, and drive growth. For enterprises, building resilience and driving innovation to outpace disruption and thrive amid disruption are imperatives. So, how can enterprises get there? It calls for transforming and modernizing the IT landscape to boost agility, innovation and growth by tapping into the power of ecosystems and leveraging fit-for-purpose solutions, resulting in exponential business value.
Enterprises are adopting cloud as an enabler for business. As an integral component for enterprise resilience, it ensures high availability, disaster recovery and cost optimization of IT environments. TCS 2021 Global Financial Leadership Study: The Next Era in FP&A shows that 69% of the surveyed global senior finance leaders plan to increase investments in cloud-based systems over the next 12 months, and 63% have increased investments in cloud-based systems over the past year.
However, while embracing cloud, enterprises need a robust cloud strategy to maximize business value. Most enterprises prefer a hybrid cloud strategy which offers the right balance across IT environments – architecture, modernization, security, operations, and governance – and both digital and non-digital businesses. We are also seeing a rise in demand for sovereign cloud, especially in Europe, to address data residence and changes in regulatory laws.
Each enterprise hybrid cloud is unique and contextual that considers the end state that interlinks IT and business. Enterprises expect the technology partner to offer capabilities, provide tangible differentiation – such as cloud-native development, hybrid cloud orchestration, DevSecOps, site reliability engineering, and address data sovereignty needs, and enable transparent cost of ownership through FinOps. With this increased focus on cloud adoption, enterprises have accelerated their modernization journey with an emphasis on enterprise applications.
Additionally, it is imperative for enterprises to measure the effectiveness of their cloud strategy. Look at short and long-term goals and measure progress against them, continuously defining the best path forward. Some of the critical measurement parameters you should keep track of are agility, modernization, sustainability, and resilience.
An efficient and resilient hybrid cloud strategy, along with seamless execution, can accelerate enterprise growth and transformation. For instance, innovative business models and resilient business strategies that leverage hybrid cloud enable better security and regulatory compliance, higher return on investment (ROI), and modernization of IT infrastructure and applications, among other benefits.
Enterprises need to understand their business strategy and position in emerging and industry ecosystems to choose the right cloud architecture and a trusted partner to move forward with confidence. The result: it empowers enterprises to effectively respond at all times while accelerating their digital journey, enabling resilient and sustainable businesses.
About the author:
Vice President and Global Head, TCS Enterprise Cloud
Satishchandra Doreswamy is the Vice President & Global Head, TCS Enterprise Cloud at Tata Consultancy Services (TCS). In his current role, he is responsible for managing TCS Enterprise Cloud Business, formulating strategy, and enabling clients in their Enterprise Digital Transformation journey to gain competitive edge across industries.
Satishchandra is a trusted advisor to business leaders in driving transformation across digital and core business for enterprises – business applications, infrastructure, business operations, to name a few. He has been a key influencer in enabling digital initiatives for global enterprise across industries powered by technologies such as Cloud /data/analytics/AI and Industry 4.0.
Under his leadership and guidance, TCS Enterprise Cloud has secured significant market share and mind share globally, by leveraging contextual knowledge gained through customer engagements. TCS Enterprise Cloud has expanded its global footprint to 26 availability zones (Enterprise Cloud Centers).