Financial Impact

If you have made the strategic decision to migrate to the cloud then it’s recommended for you to have an understanding of how this affects your business internally. This lesson will look at the different areas of your organization and help give you visibility on how a cloud migration will affect your organization from a business perspective.

We will look at how the dynamics of the Business will change, from adopting new sales approaches to the way in which your conduct your deployment operations, a number of changes can occur internally and it’s good to be aware of them.

Not only are there changes to the operations and processes of your departments, but there are also changes on a deeper and personal level, such as how a migration can affect your employees. A number factors come into play here and some of them can be detrimental to both the business and the employee, we will take a look at each of these.

As with all migrations of one kind or another, there are of lesson financial implications, we examine topics such as capex and opex, billing, budgets, human resources costs among others, there are a lot of financial changes that can happen within your organization and planning for them can be difficult.

Contractual business obligations play a huge part in the success of your migration, for example do you have the right SLA for your service? Does the cloud vendor offer SLAs that meet your customer requirements? Can you achieve the correct level of security compliance and governance such as ISO or HIPAA compliance? All of these concerns are discussed with suggestions and recommendations.

Finally, we look at some of the business risks encountered when your business goes ahead with a cloud migration, such as the inflexibility of contracts and what happens when or if it goes wrong!

Lesson Objectives 

By completing this lesson, you will have

• A greater visibility of the impact that cloud computing can have on the internal teams and processes of an organization
• An understanding of how cloud migrations can directly affect your employees
• The knowledge to plan and educate other business areas of key changes that are likely to occur assisting in a smoother migration to the cloud whilst mitigating known risks

This lesson has been designed for:

• Business Managers
• Project Managers

Pre-Requisites

• A basic understanding of cloud computing and its benefits
• Some exposure to business acumen and team structure

This Lesson Includes:

• Over 45 minutes of high-definition video 
• 7 lectures
• Vendor product documentation links to key topics

What You Will Learn:

Introduction - This provides an introduction to the trainer and covers the intended audience. We will also look at what lectures are included in the lesson, and what you will gain as a student from attending the lesson.

Business Dynamics and Procedure - Here we analyze those internal changes that directly affect the way in which departments operate, from sales to business analytics to processes and procedures.

Effects on Your Employees - This lecture looks at both the positive and the negative effects this can have, covering training and career potential to redundancies. We look at these changes from the employee’s perspective.

Financial Impact - This lecture focuses on the different financial effects cloud migration can have, and where these changes will occur.

Contractual Business Obligations - Here you will see how important it is to be aware of any obligations you have to your customers, specifically when it comes to audited security compliances because failure to meet these could have legal consequences.

Business Risks - With change comes risks, and in this lecture we identify where some of these risks can come from and how to best mitigate them.

Summary - Lastly, we will take note of some of the important factors learnt from the previous lectures.

If you have thoughts or suggestions for this lesson, please contact Cloud Academy at support@cloudacademy.com.