04-16-21 | Blog Post
Since widespread adoption of cloud services began in the early 2000s, their benefits have been quantified many times over. A new McKinsey report sizes the Cloud market and its competitive business value at $1 trillion dollars. The article also offers insight into how cloud services helped deliver a miracle vaccination.
Examples of Cloud Benefits and Complementary Tools
Examples of cloud benefits include dynamic and elastic resources, simplified end to end management, improved security, and full compliance where required. Business discovers more benefits every day as new cloud services emerge. Complimentary to cloud services, the use of advanced tools like AI, machine learning and big data is essential to the Digital Transformation evolution.
Cloud’s Emerging $1 trillion Competitive Value
The recently published article from McKinsey (Cloud’s trillion-dollar prize is up for grabs) provides a high value view for the future of cloud services. The article states- “A detailed review of cloud cost-optimization levers and value-oriented business use cases foresees more than $1 trillion in run-rate EBITDA across Fortune 500 companies as up for grabs in 2030.” The article goes on to warn that a “narrow view” of cloud economic benefits will slow companies from reaching their desired outcomes. It is noted that cloud unlocks tremendous technological and innovation value in the following verticals:
In perhaps the most important findings of the article, “Mature Cloud Adopters” (early adopters that aggressively innovate and see technology as a competitive differentiator) reap significant benefits from cloud. These benefits include (up to) 55% improvement in time to market, 49% improvement on time to deploy production code, 58% improvement in downtime and 55% reduction in monthly critical incidents.
A High Value Assist in the Vaccination Effort
There is a portion of the article that can only be described as making us all grateful for Cloud Services. Moderna’s CEO describes how they used the cloud to accelerate research and development while “staying secure and compliant.” While the relationship between cloud and Moderna’s vaccine development may not be widely known, the end result was literally a life-saving game changer for the world. “Thanks in part to cloud, Moderna was able to deliver the first clinical batch of its vaccine candidate (mRNA-1273) to the US National Institute of Health for phase one trials just 42 days after the initial sequencing of the virus.”
Delivering the Solution
If you’re looking for solutions that drive the complexity out of cloud management and the mystery out of delivering the cloud’s economic benefits, Otava can help. Otava Gen3 Cloud offers simple-to-use compliant cloud services that put you in control. That’s it. Built on the latest Cloud Director infrastructure from VMware, you can easily add or remove resources, configure your environment, and dream big. Plus, prepackaged services are tailored to your unique needs, with backup and continuity tools at your fingertips. Consider our secure, compliant Gen3 Cloud Solutions managed by a team of experts trained in the latest security best practices. Call 877-740-5028 or contact us to learn more.
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