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Cost Effective Cloud Migration Strategy in 2024

Reduce Costs _ Improve Efficiency - Right Cloud Migration Service

As businesses attempt to become more agile, scalable, and data-secure, cloud services position themselves for exponential growth as the facilitators.

That said, a total value of $100 billion is expected to be wasted in attempted cloud migrations over the next couple of years. Considering the cost and downtime implications that directly impact revenues, a sound cloud migration strategy alone may not be enough.

Before we delve into the matter of cost-efficiency for cloud migration, it’s important to mull over a few essential considerations.

A CTO’s Preliminary Questionnaire for Cost-Effective Cloud Migration

Data suggests that 1 in 3 cloud migrations aren’t successful, with only 25% of the enterprises achieving the migration within the set timeline. Furthermore, over three-fourths of the surveyed CIOs admit to exceeding migration budgets as “hidden costs.”

The decision to move to the cloud, thus, needs to be sieved through the following questions first:

  • Is your business ready to deal with unprecedented threats and vulnerabilities that come with cloud nascency?
  • According to Travis Green of Micro Focus, lackluster access management on the cloud leads to information theft. Is your business ready to make that investment?
  • Have you truly understood the contract terms, scope, limitations, and contingencies?

According to John Zahorsky of Eden Autism, some cloud providers can charge you for taking your data off their platforms. It’s necessary to discuss with them the matter of data ownership on cloud service switching.

Plus, there isn’t just a single category of cloud services available at your disposal. Providers offer at least three categories to a business:

  • PaaS (Platform as a Service), to give your business a full development and deployment environment
  • SaaS (Software as a Service), for the right to use software hosted centrally on the cloud
  • IaaS (Infrastructure as a Service), to provide you with virtual computing services

You can assess which categories are best suited for your business needs and go ahead with those.

How Can Cloud Migration Benefit Businesses?

In addition to making your business more agile and resilient to market dynamics, cloud migrations have several other benefits:

Cloud Benefits
  • 1. Adaptability to Fluctuating Workloads

    With the cloud, your business can provide for sudden load changes on your network. There are times when digital traffic is low and other times it is high. Cloud services provide smart load-balancing features that enable your business to deploy or disconnect servers as and when needed, making room for cost optimizations.

  • 2. Efficient Phasing of Update Deployment

    The scalability that cloud environments offer for developmental work allows your business to rapidly improve and continuously deploy new iterations of a product. This progressive deployment helps you gradually phase product overhauls without alarming your product users with a new upgrade that changes everything. You can also decide to roll out upgrades to select audiences to check for adoption and to help make rollbacks easy.

  • 3. Investment in Steady Growth

    Moving to the cloud requires initial standing costs; however, businesses must see past this phase and look at the value of this investment. The digital nature of things today is a clear indicator of how businesses must evolve to survive and be profitable in the future. Cloud migrations, when done right, equip your business with the right setup to brace the future with readiness.

Cost-Optimizing and Streamlining Cloud Migrations with Trantor

Trantor focuses on a cloud migration strategy that maximizes business potential without straining the resources, working with an expert team that is 1,000 strong and has fulfilled 97% on-time deliveries.

Cost-Optimizing and Streamlining Cloud Migrations

Our methodologies for cloud migration ensure your business gets the solution that works for it:

    • 1. Infrastructure Sizing

      The cloud isn’t a cookie-cutter solution: the on-premise systems framework does not translate as-is to cloud requirements.

      We analyze the workloads of each business and map them to the cloud infrastructure to determine the correct size and fit. Investing in the cloud is a recurring expense; cost optimization always begins at the root.

    • 2. Managed Services

      Cloud migration to public infrastructures (like AWS or Google) mostly leaves a business unsupported and hunting for cloud architects to hire. These expenses are often greater than a managed service’s cost for the same task.

      Trantor provides businesses with managed AWS cloud migration with 24x7x365 support, faster time to business, and zero downtime, reducing losses.

    • 3. Capacity Reservations

      Certain public clouds like AWS offer upfront capacity reservations on their clouds for a discounted price on steady-state usage instances and convertible instances.

      Trantor aids businesses with optimizing their AWS infrastructure while incorporating associated cost-saver benefits based on the cloud migration strategy maps.

      Ultimately, time and cost optimization while carrying out cloud migration is a matter of understanding and expertise. On both fronts, Trantor has delivered excellence to many a client.

      In one instance, our migration assistance to a prominent Root-cause-as-a-service company led to a 30% reduction in operational costs, enhancing their response and resolution time by 75%.

      We can help your business achieve stellar migration efficiencies as well.

    • 4. Cost Visibility

      Variability in the needs of your IT department causes fluctuations in the final cloud invoice, which sometimes spins out of budget.

      Trantor helps you establish reasonable budget thresholds that do not stifle the IT staff’s needs and remain viable from a business point of view.

Cloud Migration Strategy - Trantor Case Study
  • 5. Well-Directed Migrations

    It can be confusing to navigate through SaaS, PaaS, IaaS, AI/ML, BI, and a multitude of other solutions catered over the cloud, making it easy to lose direction and end up with products you don’t need or miss out on services you do need.

    We can help you focus better on the end-state goals you are hoping to achieve through the migration.

The Final Word

Opposed to a one-size-fits-all approach, we believe that cloud migration strategies are singular to each business. Trantor focuses its efforts on delivering a customized, needs-oriented outlook for a business’s digital adoption and transformation.

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