What is the best approach for cloud-based data migration?
To help smooth your journey toward developing a data-driven enterprise, we've identified five critical steps for successful cloud data migration:
1. Strategize first: Evaluate what data you want to retain, rehost, rearchitect, or retire in the cloud – this is your cloud migration strategy's foundation. Look for partners that understand your industry and business processes, not just the technology. Cloud providers such as Google, Microsoft, and Amazon Web Services play a major role too. A partner like Genpact, which has relationships with all the leading cloud providers, can help you find cloud services that best suit your current and future business needs. And help you develop a strategy that doesn't break the bank.
2. Seize the machine learning opportunity: Pretrained data and machine learning models can help accelerate cloud migration. Bring cloud and analytics leaders together to identify opportunities to put these capabilities into practice. A cloud-based data foundation that supports prescriptive engines and smart processes will help your employees make more informed decisions about your migration to cloud.
3. Evaluate your talent: Rearchitecting cloud applications calls for a blend of industry, technology, and data expertise. It's why 43% of leaders (according to the Corinium report) have budgeted for recruiting or retaining data and cloud talent. Similarly, 45% have budgeted for appointing 'data translators' to act as a bridge between data teams and other business units. Ask yourself where your business needs to recruit or train talent for successful cloud migration.
4. Develop new ways of working: Cloud migration is a journey, and the real value comes when you rearchitect for a new cloud environment. Set up data and analytics pods – groups of multidisciplinary employees with skills in data engineering, data visualization, data science, business analysis, and industry expertise – that can work to rapidly develop new cloud-native solutions. This helps to cultivate a cloud culture – in other words, a culture of innovation and agility.
5. Manage infrastructure costs: It wasn't so long ago that the main motivation for leaders considering cloud migration services was to lower the total cost of ownership. But when you lift and shift solutions to the cloud, the opposite can happen. You can end up with spiraling costs and inefficiencies – also known as cloud sprawl. Instead, make sure to proactively control the costs of cloud services, enlisting help from your partners if you're unsure how.
With these considerations in mind, let's look at companies that have successfully moved their data to the cloud.