Unlocking Business Value with AI-First, Industry-Specific Cloud Solutions
The business landscape is undergoing rapid transformation.
The key to staying ahead?
Among the myriad ways, leveraging AI-first, industry-specific cloud solutions to drive tangible business outcomes is one of the key priorities for leaders.
For example,
The PwC Cloud Business Survey reveals that while 78% of executives say their companies have adopted cloud technology in most or all parts of their business, more than half have not achieved the expected outcomes like cost reduction and revenue growth. The issue lies in the difference between merely using the cloud and being cloud-powered. About 10% of surveyed companies have successfully reinvented their business models through the cloud, facing fewer barriers and achieving value at twice the rate of others. These cloud-powered companies also anticipate a revenue growth of 15% or greater.
Earlier this year, Accenture announced a $3 billion investment over three years in its Data & AI practice to accelerate clients’ adoption and responsible use of AI. The investment aims to help clients across various industries achieve growth, efficiency, and resilience. The company plans to double its AI talent to 80,000 through hiring, acquisitions, and training. Accenture also introduced the AI Navigator for Enterprise platform to guide AI strategy and decision-making. The investment includes assets, industry solutions, and partnerships focused on diagnostic, predictive, and generative AI. The initiative builds on Accenture’s extensive experience in AI, including more than 1,450 patents.
NexGen Cloud, a UK-based sustainable Infrastructure-as-a-Service provider and an elite member of the NVIDIA Partner Network, has announced a significant investment of $1 billion (approximately €947.32 million) for the establishment of one of Europe’s inaugural AI Supercloud deployments. The company has already allocated $576 million towards hardware orders with suppliers. This strategic investment is designed to catalyze the development and expansion of AI enterprises across the European region.
Strategies for Accelerating Digital Transformation Through Cloud Computing
In today’s digital economy, leveraging cloud computing is essential for accelerating digital transformation. Businesses can optimize performance, enhance resilience, and drive innovation by integrating cloud solutions into their operational framework
The strategy involves several key components, such as selecting appropriate technologies, assessing data needs, and reengineering business processes. It also requires fostering an organizational culture that is open to change and adaptation.
By aligning these elements with clear objectives and best practices, companies can navigate the complexities of digital transformation effectively. Partnering with a trusted cloud service provider can further streamline this transition, ensuring that the organization is well-positioned for future growth.
Selecting the Right Technology
Partnering with a cloud enablement expert can help you identify the right technologies that align with your business goals. This step is crucial for spotting any legacy systems that may hinder your growth.
Assessing Data Needs
Before making the transition, consult a trusted technology partner to audit your existing data and develop a roadmap for integrating new types of data. This ensures that your move to the cloud is data-driven and aligned with your business objectives.
Business Process Reengineering
This is a critical yet complex part of the strategy. The focus should be on realigning business processes to better serve customers. Decisions should prioritize changes that enhance the digital user experience.
Fostering Organizational Readiness
The success of digital transformation hinges on the organization’s willingness to adapt. Change management becomes easier with dedicated IT representatives and team members who can effectively communicate new processes across the organization.
Tailoring Cloud Solutions to Business Needs
The choice of cloud solution—whether Platform as a Service (PaaS), Software as a Service (SaaS), or Infrastructure as a Service (IaaS)—depends on the specific needs of your organization. Each option offers different levels of control and flexibility, so choose the one that aligns best with your transformation goals.
Best Practices for a Smooth Transition
Engage Stakeholders: Start by consulting the people who will be using the cloud solutions. Solicit feedback from customers, business partners, and employees to understand what is working and what needs improvement.
Data-Driven Decision-Making: Keep abreast of technological advancements and rely on data when making decisions. Consult IT experts and ensure data integrity throughout the transition.
Set Clear Objectives: Once you’ve identified areas for improvement, focus on achieving specific outcomes. Having clear goals will help you navigate the myriad options that cloud solutions offer.
Customer-Centric Approach: After the migration is complete, continue to engage with customers to identify any issues or opportunities for further improvement.
Efficiency and Reliability: Plan your migration carefully to minimize downtime. Partner with a reliable cloud services provider to ensure a smooth transition.
Tangible Business Outcomes for Businesses
Here’s what this means in terms of strategic outcomes:
Operational Excellence
AI can automate complex workflows, driving efficiency and allowing your human capital to focus on strategic initiatives.
Customer Centricity
Leverage AI to personalize customer experiences at scale, thereby increasing loyalty and lifetime value.
Risk Management
AI’s predictive capabilities can proactively identify risks, be it in compliance, security, or market volatility, allowing for timely interventions.
Data-Driven Governance
AI analytics offer actionable insights, enabling data-driven decision-making that aligns with your business objectives.
Cloud Computing in the AI-era: What to Expect at AWS re:Invent 2023
AWS re:Invent serves as the premier gathering for the global cloud computing community and is proudly organized by Amazon Web Services (AWS).
Established in 2012, the event has become a cornerstone for innovation and education within the industry. This year, attendees can look forward to a comprehensive agenda featuring keynote presentations, specialized training sessions, and certification opportunities.
The conference is not merely a conventional gathering; it is an immersive experience that unites a community driven by a collective enthusiasm for cloud technology.
With a track record of attracting over 60,000 participants, AWS re:Invent has become an indispensable component of any technology-focused marketing strategy. The event aims to offer a well-rounded experience, enabling attendees to refine their technical skills, engage directly with developers, and gain exclusive insights into Amazon’s latest offerings in products and services.
Scheduled to take place from November 27 to December 1, 2023, the event will be hosted in the bustling city of Las Vegas, Nevada. Known for its lively atmosphere and cutting-edge venues, Las Vegas provides the perfect backdrop for this expansive event, which will span across six distinct venues, each offering unique activities and accommodations.
For professionals passionate about cloud computing, AWS re:Invent 2023 promises to be an enriching blend of learning, networking, and insight into the rapidly evolving landscape of cloud technology.
As a premier partner for AWS, we help enterprises deliver clear business outcomes by accelerating their digital transformation through innovative solutions.
Our team goes beyond mere technical expertise; we’re strategic partners committed to aligning technology solutions with your business objectives. Whether it’s data analytics, process automation, or customer engagement, we tailor our services to meet your specific needs, ensuring that you achieve tangible business outcomes.
Teqfocus CEO & founder, Andy Singh and SVP Americas & Country President Canada Sunil Khandekar are excited to be at AWS: reInvent 2023.
Connect with them to accelerate your digital transformation journey by prioritizing cloud, AI, and digital technologies, all amplified by the robust capabilities of AWS.