Assess Your Current IT Infrastructure
The first step in developing a cloud migration strategy is assessing your IT infrastructure. Identifying your existing hardware, software, and applications can help you determine which ones need to be migrated to the cloud and which can stay on-premises. It’s also important to consider any new applications or services that may need to be migrated and the costs associated with doing so.
Additionally, it’s essential to understand the compatibility of your on-premises applications and systems with cloud infrastructure. Uncovering potential risks and challenges associated with cloud migration is key to ensuring success.
Align the Cloud Strategy with Business Goals
After assessing your IT infrastructure, you need to align the cloud migration strategy with your company’s overall strategy and business objectives. It’s essential to define why you are moving to the cloud, what benefits you expect to gain, and how the cloud strategy aligns with your business goals.
Verify Compliance and Security Requirements
Security and regulatory compliance should be top of mind when migrating to the cloud. Therefore, it’s essential to verify compliance and security requirements and ensure they are met in the new cloud environment. Also, determine which cloud provider can offer the security level that satisfies your business requirements.
Analyze Budget for Cloud Migration Strategy
Cloud migration can be costly, depending on the size and complexity of your IT environment. Therefore, it’s essential to analyze the budget required for cloud migration and ensure it aligns with your business strategy and financial goals. Taking a long-term view and calculating the total cost of ownership (TCO) over several years is recommended.
Develop a Migration Plan
After analyzing your IT infrastructure, aligning with business goals, verifying compliance and security requirements, and forming a budget, developing a migration plan is time. A detailed plan should include timelines, milestones, and contingency plans.
FinOps stands for Financial Operations. It is a methodology that combines finance, technology, and business practices to optimize cloud spending efficiently. FinOps helps ensure that cloud consumption and costs remain aligned with business objectives and budgets and provide cost visibility for businesses running multiple cloud infrastructures such as AWS, Google Cloud, Azure, or any hybrid cloud architecture.
To get more information, reach out to Artelogic to learn more about developing a cloud migration strategy for your business and implementing FinOps methodology for effectively managing cloud costs.