Costs cloud some lenders’ view on the success of data initiatives

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However, this year’s study shows that organizations are acting to combat this, with nearly three-quarters (72%) looking to embrace Cloud Data Management, often by exploiting hybrid cloud capabilities,

Typically, a TCO analysis looks at the costs of the "as is" on-premise infrastructure and compares these costs with the costs of the "to be" infrastructure state in the cloud. TCO analyses are much simpler to calculate than ROI analyses, however they only give the stakeholders a narrow view of the total financial impact of moving to the cloud.

At some point in the growth of every organization’s cloud use, an invisible line is crossed: the point at which the executive team starts to really care about the costs. For some companies this happens when spending reaches $100k/mo; for others, when it reaches $1M/mo.

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Cloud computing. experienced success with initial on-premises big data projects. 2017 data from NewVantage Partners found that 95 percent of the executives surveyed had undertaken a big data.

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For financial systems, cloud computing may lead to higher success rates for projects. Hall wrote some initiatives fail because older systems cannot deliver the necessary flexibility or usability of cloud software. When employees do not have trouble accessing solutions, and actually enjoy performing tasks, the percentages of completion will be improved. Access to key data financial information holds immense value to organizations.

Data powers supply chain visibility. Supply chain visibility is a prerequisite for successful cost reduction and increased Return-On-Investment (ROI). Clean, consistent and connected data is required to fuel supply chain, procurement, operational and analytical applications and to achieve a 360 view of products, raw materials, services and.

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Why is success in the cloud so important? According to the FutureScape: Worldwide IT Industry 2017 Predictions report from IDC, investment in digital transformation initiatives will reach 2.2 trillion dollars by 2019 – almost 60 percent more than this year. We are introducing the Cloud Growth and Profitability Office Hours call series to prepare you.

The logic is sound: projects and initiatives ultimately require individuals to do their jobs differently. The correlation data is clear (from Prosci and other sources): the likelihood of success increases with effective change management. However, organizations still seem to encounter some reluctance to fully invest and commit to change management.

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