By Linsey Ryan
Companies move to the cloud for many reasons: to reduce costs, to standardize back-office operations, streamline compliance, enhance security, evolve legacy systems, and increase innovation, to name just a few. That’s why in this digital age, it is no surprise to find that more business and IT leaders are reporting budget increases than at any other time in the last 15 years.
Moving to the cloud requires enterprise-wide digital transformation including significant investments in technology, especially a robust, agile, and proven cloud platform. But to truly transform with the cloud, businesses need more than great technology. They need great leadership, a confident change management approach, and the right partner.
The leadership of any organization must connect the dots between strategy, desired change and how technology will get them there. If the leaders aren’t driving, you likely won’t get the business outcomes you need. Leading with technology alone will only result in technology change.
Transforming the efficiency of office functions, such as finance, HR, and supply chain can lead to competitive advantage—and using the cloud has many benefits. Getting the whole organization on board – focused on strategy, process and technology - can be difficult and time-consuming, but necessary. Leadership alignment that results in a business driven approach is the number one consideration for transformation success.
Strong change management
A second consideration is a strong change management approach to ensure you achieve full adoption across the organization. You can build the best cloud platform in the world, but if the users don’t understand how it improves the business or how it has an impact on their own work, the business will never fully transform.
There is a real risk of the organization’s employees refusing to adopt the platform, using it in a different than intended manner, and even creating ways of working to maneuver around the platform. This can not only negate the intended value of moving to the cloud, but also result in greater costs, faulty compliance, and ineffective processes.
The right partner
The third element is to ensure you select a good technology partner for the journey. A partner who has the experience and a track record in business transformation. Importantly, this also must be about having the right fit for your organization, having not only the best technology background and capabilities, but the right fit in terms of scale, culture, industry knowledge, and resources.
You need a partner who understands how to leverage the technology to get the business outcomes you need for your organization.
During this week's Oracle OpenWorld conference, KPMG will explore this journey to the cloud, discussing the steps and considerations that need focus from leaders in an organization. KPMG and Oracle will be speaking with a number of our clients about their cloud journeys, including Avis Budget Group, C.H. Robinson Worldwide, Inc. and The University of Pittsburgh Medical Center to name a few.
For more information or to arrange an interview, please contact Stephanie Trefcer.
Learn more about KPMG at Oracle OpenWorld.