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More and more companies are moving to cloud technology thanks to its multitude of benefits including business efficiency, scalability and profitability.

Cloud migration is a huge step that will impact every facet your business, so it’s important to consider a these factors to reap the maximum benefit.

1. Legal and security compliance requirements

Most security and compliance issues concern your data. Depending on the criticality of the data, you likely have strict security, backup and restore requirements. Moving your data from internal storage to the cloud requires you to comply with industry regulations and laws.

Therefore, you must ensure your vendor adheres to relevant security standards, such as SOX compliances.

2. Private Vs. Public

A private cloud offers high control, security, flexibility and scalability, but it can also be costly. On a public cloud, you share a pool of cloud resources with other companies. Public clouds are scalable, reliable, cover maintenance and can help reduce costs. Moreover, when you move your data to a public cloud, you can allow your employees to focus on more business-critical tasks.

3. Hybrid Option

Once you decide to move to the cloud, you can either choose between an on-premise or vendor-hosted cloud or get the best of both in a hybrid platform. A hybrid cloud offers more flexibility because it allows you to keep some of the sensitive data on-premise and the rest on cloud.

4. Cost evaluation

Estimating costs for cloud computing services can be challenging as they’re typically scalable and available on demand. This can make it difficult for the IT department to ensure they have enough budget to cover all the cloud costs. Therefore, you need a precise—or at least more granular—cost evaluation to take control of your expenditure.

Every company has unique requirements. But the primary step when moving to the cloud is to identify your specific business challenges, especially as you select a cloud service provider. With the right provider, you can successfully customize your cloud computing environment to meet your goals. No matter the cloud option—private, public, or hybrid—ensure that your decision is strategic and aligns with your business.

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