Cloud is quickly becoming the corporate norm, and is being used by companies to drive dramatic improvements beyond cost and scalability, including increased innovation, faster time to market and insights, and enhanced cybersecurity.
This is according to a global cloud services study recently completed by The Hackett Group.
The study, which examines results from more than 1,000 organisations and looked at more than 4,000 migrated applications in 15 different categories, found that 70% of all technology infrastructure will be cloud-based within two to three years. Typical companies are seeing post-migration reduction in technology infrastructure costs of 12%. Other significant benefits include:
- A 36% increase in developer time devoted to innovation
- A 45% reduction in time to market for new product features and functionality
- A 53% reduction in the time to achieve actionable insights from data
- A total of 44% fewer security and other critical infrastructure incidents
- And a 52% average reduction in down-time
Top performers in the study saw even more dramatic benefits, including a 37% reduction in technology infrastructure costs (more than 3x of what typical companies achieved) and an average of 15 percentage points greater improvement across nearly a dozen objectives tracked in the study.
The Hackett Group principal, Michael Fuller, said: “This study was designed to look beyond the hype and truly quantify the benefits of both moving to the cloud and maximising the benefits of cloud infrastructure. And the results clearly show that companies are using the cloud to deliver broad strategic value. It’s about better security, improved speed, quality, and agility. At its best, cloud migration can be the foundation that allows companies to rapidly improve their products and services.”
The Hackett Group senior research director, Richard Pastore, added: “We also came to conclusions about the differences between typical companies and top performers. To truly drive the maximum benefit, top performers make the cloud part of their operating DNA and treat it as a core competitive strategy. They reject the easier application ‘lift and shift’ approach to cloud migration. Instead, they assess their workloads to determine the proper migration methodology and focus on optimising them in the cloud, which often means rearchitecting or redesigning their systems and processes to take best advantage of what the cloud can offer.”
The Hackett Group released the study as part of the launch of its new Cloud Value Assessment Services Offering, a service designed to help companies understand how to optimise the management of current applications in the cloud and future migration to the cloud. The assessment leverages The Hackett Group’s detailed performance metrics and benchmark taxonomy and takes just four weeks, as little as a third the time of a full benchmark assessment to complete.
A public overview of the study results, “The State of Cloud Adoption by the Numbers,” is available on a complimentary basis, with registration, at http://go.poweredbyhackett.com/ca2205sm.
The Hackett Group’s Cloud Services Study was completed in December 2021. The study is designed as the first step in a five-year investigation designed to help companies understand cloud migration and ongoing management of costs, value, performance, and experience.
Dynatrace extends Grail to power business analytics
As a result, the Dynatrace platform can instantly capture business data from first and third-party applications at a massive scale without requiring engineering resources or code changes.
It prioritises business data separately from observability data and stores, processes, and analyzes this data while retaining the context of the complex cloud environments where it originated.
Dynatrace designed these enhancements to enable business and IT teams to drive accurate, reliable, cost-effective automation and conduct efficient ad hoc analytics covering a wide range of business processes. Examples include order fulfillment and bill payments, service activation and customer onboarding workflows, and the impact on revenue from new digital services. Today’s announcement builds on capabilities that Dynatrace launched in October 2022, leveraging Grail to power log analytics and management. The company expects to continue to extend Grail to power additional development, security, IT, and business solutions.
Organisations depend on digital services to drive revenue, customer satisfaction, and competitive differentiation. To optimise these services and user experiences, business and IT teams increasingly rely on insights from various business data, including application usage, conversion rates, and inventory returns. Yet, traditional business intelligence tools lack the speed, scale, flexibility, and granularity required to deliver insights about services built on complex cloud architectures. In fact, according to a study from Deloitte, two-thirds of organisations are not comfortable accessing or using data from their business intelligence tools. Business analytics in modern cloud environments requires a new approach.
Stephen Evans, head of quality, monitoring, SRE/DevOps technology at PVH, said: “Dynatrace gives us valuable insight into the business impact of our applications’ performance and enables our teams to proactively solve problems, deliver better customer experiences, and drive more value for our organisation.
“This enhanced capability to access and store all of our business data provides the scalability our business needs. It also frees our teams from the constraints of sifting through data to determine what is valuable and what should be stored. Dynatrace’s unique ability to analyze all this data and deliver precise and contextualised answers in real time enables us to improve our digital landscape.”
Bernd Greifeneder, founder and CTO at Dynatrace., said: “To drive digital transformation at scale, organisations need trustworthy and real-time insights from their business data. Existing solutions often rely on stale data, fail to deliver precise answers in IT-context, and require manual maintenance and coding from engineers.
“The Grail causational data lakehouse uniquely positions the Dynatrace platform to overcome these hurdles. By elevating the priority of business data to ensure it arrives unsampled and with lossless precision, even from third-party applications where developers are not accessible, business and IT teams using the Dynatrace platform can now easily access valuable business insights on demand. This has the capability to unlock nearly unlimited business analytics use cases, allowing our customers to instantly answer their most challenging questions with accuracy, clarity, and speed.”
How To Optimize The Largest Contentful Paint & Rank Higher
New Report Finds that 62% of Facebook Users Encounter Scams in the App Every Week [Infographic]
MarTech’s email marketing experts to follow
Does ‘goblin mode’ sum up 2022 for you?
Daily Search Forum Recap: December 5, 2022
Google’s Desktop Search Results Are Now Endlessly Scrollable
Dynatrace extends Grail to power business analytics
The German Empire Marches to Italy in a Free Expansion Today
Instagram’s Testing New DM Labels to Help Manage Customer Interactions in the App
B2C marketing: A guide for marketers
This Week’s Deals with Gold and Spotlight Sale, Plus Xbox Black Friday Sale
Vampire Survivors Available Today with Xbox Game Pass for Xbox Series X|S and Xbox One
Xbox Shares Community Safety Approach in Transparency Report
Identifying an Effective B2B Target Market for Ads
Helping Affiliates Create Satisfactory Long-Form Content
The Pros and Cons of Your Brand Using Affiliate Links
Twitter’s demise would cost marketers an important, useful channel
8 eCommerce Marketing Strategies for 2022 and Beyond
How Metaverse is Reshaping the Tourism Industry
SEARCHENGINES6 days ago
Google Says Links Have A Lot Less Significant Impact For Ranking Today
EMAIL MARKETING7 days ago
6 Email Marketing Threats Every Professional Should Know About
TECHNOLOGY7 days ago
On automation and machine learning as the future of security
EMAIL MARKETING7 days ago
The Ultimate Guide for Ecommerce Email Marketing Strategy