The professionals who helped build data analytics practices for the last two decades are still amazed at how cloud computing has enabled companies to extract more value from their data. After all, accessing your data foundation on the cloud allows for quicker access, better security, and easier file management. It provides a scalable and affordable solution for storing your data, but how do you know if it’s right for your business?
It’s important to be aware of all the benefits that come with having a cloud-based data foundation. This informative blog post will help identify some of these benefits so you can decide whether or not this option might work well for you!
But before that, let’s reiterate what a data foundation means in the context of business.
What is a Data Foundation or a Data Center?
Contents
A data foundation is a collection of organized and structured business information that resides in one location. It consists of frameworks, capabilities, tools, and services that efficiently and effectively store, process, manage and serve data. As this information is used to generate reports, statistics, trends, or other useful information, a strong data foundation should provide easy and timely access to integrated, trusted, and analysis-ready data at scale.
Why is a Data Foundation Important for a Business?
Having a well-organized and easily accessible data foundation provides many benefits for businesses. An effective data foundation can give trustworthy, integrated data that transforms raw information into actionable insights on time. With greater visibility to make more efficient judgments, developing and implementing the appropriate strategy and plan may provide a significant return on investment. It’s an invaluable asset to have in today’s competitive world because it allows for faster, smoother data-related decision-making.
However, for most organizations, the power of data is limited by an ineffective or non-existent data foundation. As a result, important data is trapped in old on-premises technologies that are often categorized, making it difficult if not impossible to integrate diverse types of information. It makes finding and consuming all relevant data even more difficult for businesses to arrive at better decisions. This is where the cloud comes into the picture.
Cloud makes Data more Valuable
Data is driving the modern world, but it is not easy to find meaningful insights and make strategic decisions when data from multiple sources are scattered across all of your technology platforms. You must first combine your data across your IT systems to get the scale and agility required to be accessible, relevant, and ultimately useful. That only can be achieved through a truly modern data foundation on the cloud.
Thanks to cloud-based architecture and platform technologies, all kinds of data can be integrated into a single location as a powerful collective resource for the entire business. You may ingest massive data in real-time using cloud solutions, bring all that information together seamlessly, and then apply analytics, AI, and automation to adapt it for various usage scenarios.
The truth is, the majority of the most sophisticated tools for analyzing and consuming data are now mostly available on the cloud. In addition, cloud providers are coming up with new features rapidly. That’s one reason why businesses that shift their data and analytics to the cloud outperform their revenue growth competition.
Another advantage of using the cloud for your data foundation is that you may potentially reduce the number of data centers required in your company by utilizing cloud services. Instead, you might be able to get by with just one data center for, particularly sensitive information. This, of course, can help you save money on maintenance and operation expenses.
Wipro is Helping Businesses Move their Data Foundation to the Cloud
Wipro is working with companies to transform their data centers through cloud consulting services. They are helping companies achieve greater agility, scalability, and security when accessing critical information in real-time. Their goal is to help businesses get the most out of their data by providing a modernized foundation that allows for more transparency into important decisions.
For example, in 2011, a major European telecom firm announced its plans to become a digital telco and transform the HR function. With over 6,000 employees in 16 countries and several HR teams using various HR systems ranging from simple to high-end ERP platforms, the aim was to enhance performance by bringing in the greatest talent, building the necessary skill sets, and developing innovative ways of working in the digital environment.
Wipro helped them adopt cloud solutions, and they created a new global platform and implemented a new HR operating model across all HR teams by adopting a cloud solution. As a result, the HR function saw a budget increase of more than 30% in terms of percentage for cloud investment. Finance and marketing saw changes in spending greater than 30%.
Conclusion
The key to success in today’s competitive world is the supply of relevant, actionable information. A modern data foundation can give trustworthy and integrated data that transforms raw information into useful insights on time. If you want to make informed decisions about your business’s future with increased efficiency, it’s time for you to consider moving your company’s data to the cloud.