At a Glance
- The decisive role of C-suite executives in a company’s digital transformation is crucial in driving business towards success.
- When it comes to the goals and benefits of cloud computing, CEO’s need to take charge and be involved in the strategies to make sure that the blueprint matches the company’s requirements.
- CEOs need to align with the CTO’s and CIOs to get the maximum advantages of cloud computing and make sure that the digital transformation journey is a smooth one.
The last decade has seen accelerated growth and transformation in various industries as they embrace the digital thread. There has been a pressing need for companies to streamline their processes and optimize their operations to go agile. However, the Covid-19 pandemic left a mark on every industry and made agility (along with flexibility) an inevitable aspect of business growth. To that end, companies are now looking to go for. This pandemic made remote working the new normal and thus advantages of cloud hosting became quite apparent. The benefits of cloud computing are many. Top executives are looking for ways to move their practices and applications to a better tomorrow.
These strategic moves have to start at the top to be cascaded down for maximum efficiency. This is where CEOs come into the picture as they can accelerate growth and take their companies on the path of agility and digital transformation while exploring the benefits of cloud computing.
of IT budgets will be dedicated to the cloud within the next 12 months.
Source: IDG Cloud Computing
‘Above 30%’ of the budget is a huge amount. When such a big investment is made by a company, a lot rides on the shoulders of the chief person in charge- the CEO. So, if you are a CEO who is guiding the company towards a path of digital overhaul and you wish to harness business & economic advantages of the cloud, you need to take certain decisive actions! Read on to know more about this.
3 Game-changing Actions CEO’s Need to Take When it Comes to Cloud Adoption
First, it is important to understand why the role of a CEO in cloud strategy is so important. In order to make cloud adoption a success for your company, as a CEO you need to strategize the transitional moves and make sure that all the cogs in the wheel are functioning properly for a smooth journey.
According to David Cearley, Vice President and Gartner Fellow, “Organizations that do not have a high-level cloud strategy driven by their business strategy will significantly increase their risk of failure and wasted investment.”
So here’s what you need to do to ensure your employees understand why cloud computing is important and your company can get the benefits of digital transformation:
1.Communicate and Inculcate Behavioral Change in the Organization: As a CEO, this might be one of the most important actions that you would need to take in order to ensure successful cloud implementation. Any disruptive change creates certain resistance amongst the employees. While some might be worried about their skills becoming obsolete, others would be apprehensive about security when it comes to cloud-based systems. However, when the communication is direct and concise, employees can be in the know-how. The behavioral shift can also be supported through in-house communication campaigns, alignment with the heads of respective functions, preparing HR policies in place, and ensuring talent acquisition for smooth cloud implementation.
2.Keeping the Financial Flow Stable: The goals and benefits of cloud computing can be met only through proper funding. As a CEO, it is important to create a financial funnel that supports every step in the company’s cloud transition journey. It may take some time for your business to get complete advantage of cloud computing. It is thus important to make sure that the financial backing is stable and consistent.
Figure: 1Benefits of Cloud Computing
3.Create a Business Strategy Blueprint for Cloud: A business transition is only as efficient as the planning that goes behind it. It is crucial to create a business strategy and a supporting technology operating model to get optimal value from cloud computing. Such a model harmonizes processes for collaborative interaction between IT and business and will unleash the potential.
In summation, the advantages of cloud computing can be reaped through a high-level strategy. A seamless harmony between the CEO, CIO, and CTO can turn a digital transformation journey into a profitable avenue for the business.
- CEO’s need to look into cloud computing strategies from a long-term point of view and ensure that the company is allocated with the budget and resources for cloud implementation.
- Right communication is the key in migration to the cloud: the employees should get these communications from C-suite executives in order to develop trust and ensure adherence to governance guidelines.
- Simply implementing cloud is not going to generate value for a business. Higher-level executives (especially the CEO) need to take lead in the journey towards digital transformation.
Take your first step towards moving to the cloud with a free consultation from XcelPros.
XcelPros is a Chicago-based company and delivers transformation through technology. We offer business and technology solutions with deep industry experience in Chemical, Pharma, Life Sciences (including Medical Devices, Bio-Medical & Biotech), Insurance, Discrete Manufacturing, Process Manufacturing, Distribution and Food & Beverage.
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