Conclusion
This article provided guidance on how to identify and implement a cloud transformation program that addresses the known top barriers to cloud value realization, speeds up timelines, and improves adoption to new ways of operating. Review the following key takeaways to develop and implement your own transformation program.
Competitive advantage
By 2028, cloud computing will be viewed as a competitive requirement for organizations to drive innovation, enhance customer experiences, and achieve sustainable growth. Organizations that can adopt cloud capabilities early stand to gain a market share1 advantage over competitors. To address the top challenges organizations face, transformation programs need to go beyond IT-centricity and apply a business-led methodology that operationalizes the value of the cloud and closes the gap on cloud skills shortage, IT and business misalignment, and change adoption mismanagement. Adopting this approach has shown to increase cloud investment value by 6 times; speed up migrations by 1.9 times; and improve cost savings, strengthen collaboration, increase innovation, and create a better employee and customer experience by 2.2 times.2
Best practices for capturing the $1 trillion EBITDA opportunity from the cloud
Industry estimates suggest that cloud computing can unlock $1 trillion in run-rate EBITDA for Fortune 500 companies by 2030.3 Adopting the right transformation approaches can help organizations capture their fair share of this massive economic upside. Organizations that set clear business targets, apply an organizational change acceleration (OCA) methodology to accelerate cloud adoption, align cross-functional teams, use experiential learning mechanisms to foster a culture of innovation and experimentation, implement FinOps practices for cloud cost optimization, embed transformation disciplines into regular business operations, and take advantage of cloud transformation solutions and expertise have an advantage.
Key benefits of using cloud transformation solutions
By using proven cloud transformation solutions, organizations are able to speed up their cloud adoption timeline, incrementally develop a digitally fluent culture, drive continuous innovation, and unlock new levels of agility, efficiency, and growth to advance their competitive edge in the digital economy. These benefits include:
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7 times better transformation outcomes (8 times in the United States) with a strong OCA methodology.4
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Accelerated migration speeds by 1.9 times, enabling faster time-to-market and competitive advantage.5
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Enhanced cost savings through optimized cloud financial management and FinOps practices.
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Improved employee and customer experience by 2.2 times, driving satisfaction and retention.6
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Average rise in EBITDA of more than 20 percent for high technology, oil and gas, retail, healthcare, insurance, and banking sectors.7
Business-led cloud transformation approach
The AWS Enterprise Transformation program proactively addresses the top barriers to transformation success, and spans four key phases: Prioritize ‒ Define the path, Ready ‒ Prepare and invent, Enable ‒ Build capability and capacity, and Transform ‒ Incubate and scale new ways of working. The program equips organizations with knowledge on how to increase their pace, business outcomes, and value from the cloud by using proven diagnostic tools, methodologies, and experiential mechanisms that align cloud initiatives with strategic business objectives, develop a culture of innovation and agility, optimize cloud operations, and establish effective financial practices.
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Gartner Says Cloud Will Become a Business Necessity by 2028
2 Adapted from The digital core at the heart of organizational design
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Cloud's trillion-dollar prize is up for grabs
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Change Management
Success
5 The digital core at the heart of organizational design
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The digital core at the heart of organizational design
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Cloud's trillion-dollar prize is up for grabs
