Financial Benefits of Cloud Migration to Contemplate in 2022

Financial Benefits of Cloud Migrations

Let’s take a closer look at how the organization’s financial situation will change with Oracle Cloud Migration.

Reduced Infrastructure Costs

One of the most common reasons organizations migrate to the cloud is to reduce IT infrastructure costs. In the cloud, IT managers can easily scale IT resources to their unique business needs and eliminate unnecessary hardware spending on rigid on-premises assets. Cloud migration solution providers can optimize your hardware needs, manage and pay for the server, regardless of demands and workloads. In short, you’ll pay for what you use, and not a cent more.

Minimal Upfront Costs

Organizations don’t have to wait weeks or months for hardware components and installations. Instead, they can lease valuable capabilities directly from cloud migration solution providers and get to market much quicker.

Zero Maintenance Costs

After migrating the infrastructure to the cloud, the cloud migration solution providers assume the responsibility for the uninterrupted and correct functioning of the software. They, alone, must monitor their equipment and networks and provide round-the-clock technical support.

Improved IT Team Efficiency

When you move your infrastructure to the cloud, your IT team no longer has to deal with manual server maintenance tasks. Because the maintenance headache is taken by your cloud migration solution provider that is usually a much smaller amount than what you pay for your work in-house. Since hardware is vendor-supplied and your data is stored offsite, you don’t need a large contingent of in-house IT staff. When servers and other hardware require upgrades or repairs, these tasks fall to the vendors, freeing up your staff.

Reduced Disaster Risk

When you operate your own data centers and servers, you’re forced to purchase more hardware than you need, in the case of any disaster. Modern cloud migration solutions support object-based cloud storage, which is far more cost-effective at producing backup data in case of an emergency. Additionally, the cloud provider takes full responsibility for getting the system back up and running in a disaster, so it’s no longer your headache.

Reduced Data Security Risks

Cloud providers typically have better security measures than on-premise solutions. Servers are usually located in highly-secure warehouses with expensive security systems, and files that are stored in these servers are encrypted. Additionally, with a cloud migration solution, you won’t have to worry about forgetting to run a security update; your cloud service provider will handle that for you.

Energy Costs

Cloud solutions use less electricity than on-premise solutions. When you run your own data center, your servers won’t be fully utilized. Idle servers waste energy, which means that regardless of demand, a cloud migration solution provider can charge you less for energy used than you’re spending in your own data center.

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