Cloud computing has evolved in the last few years and now more businesses are looking to bask in the glory of its success like better security, improving their operations and opportunity to scale. Enterprises have started realizing the potential of Oracle Cloud managed services to leverage their technological investment.
A report on Global Forecast suggests that the cloud managed services clocked USD 86.1 billion in 2021 and is slated to grow at a CAGR of 14.2% to USD 139.4 billion in 2026. It is important to understand what businesses around the world can gain from this revolution in the next four years and why it would be best to partner with a managed services provider.
What are Managed Services?
What are the options when a business wants to migrate from on-premise systems to the cloud? Basically, there are two choices for any business. First, collaborate with a cloud services provider for basic migration or get end-to-end cloud managed services along with set up and maintenance. The second option is the most preferred option as it provides a business the opportunity to outsource the most challenging part of the migration so they can focus on other operational tasks.
Some of the cloud services include storage and maintenance of data, Oracle custom development, EBS to Cloud data migration and more. Even if these services are handled by a third party, there is a lot to manage when it comes to the entire Cloud infrastructure ecosystem. Businesses choose this option to reduce the migration cost but can be overwhelmed to manage the cloud infrastructure. This is because a business needs to have certified resources to manage the ecosystem and it can be a costly activity to hire and train full time resources.
The second option remains to be the most preferred choice to choose holistic Oracle Cloud managed services, which is an end-to-end Cloud infrastructure migration and maintenance. In this case, the chosen service provider will ensure migration to maintenance of the Cloud infrastructure with support. Once a business understands the complexity of these services, the price is justified as it reduces a major workload on the internal IT team and management.
Assessing both the above options, it is important to understand that there is much more to the Cloud than just storage and transfer of data. If there is any confusion, it is best to hire an Oracle Cloud managed services provider.
Importance of Managed Services
After discussing the benefits, let us get to the importance of managed services. Let us begin:
Managing costs is one of the main prerequisites of managed services. Most MSPs offer a monthly plan or a fixed cost. It might be a better option for your business to get a fixed cost plan as it will provide clarity on the budget forecast and ensure that there is no overspending at any stage of the project.
Reduced Operations Cost
For a growing business, it is important to reduce operational costs like hiring an in-house team of certified developers. It will lead to monthly expenses including paying salaries, allocating dedicated workspace, subscribing to expensive software.
Better Productivity and ROI
Improving ROI is necessary for businesses and managed services provides a safe option to get timely services, reporting and analytics and more. By outsourcing this service to a third-party, it is possible to improve business productivity and take it to the next level.
Quick Response Time
For a fraction of the cost, Oracle service providers offer end-to-end Cloud infrastructure solutions. By extending this service, you can get access to 24×7 support and maintenance from the team for a quick resolution.
When you hire a service provider, you get access to the latest technological advancements. This will ensure that the business will receive competitive advantage and gain an edge according to the industry standards.
What are the pros of hiring a Managed Services provider?
What do you get by hiring a dedicated managed services provider? The best part of outsourcing this service is getting the services of a team of Oracle certified professionals. Some of the pros of hiring a managed services provider are as under:
Manage Your Costs
More often than not, a service provider offers multiple plans including a custom plan for your business needs. It allows your business to pay for the services that are absolutely required and hence it might be one of the best ways to enhance your ROI. There are enterprises that would need to manage heavy traffic during certain times of the year, like Christmas. In that case, it is best to get a custom plan according to the usage and manage the load efficiently.
Leverage Your Team
By hiring an experienced Cloud consultancy, it is possible to get access to the services that suit your business goals, budget and manage load so that the business operations can run smoothly. Moreover, you will get access to monthly reports which can help you stay on track of your Cloud infrastructure. It is one of the most optimum ways to leverage your resources (whether it is an internal or external team).
When you take expert assistance from a service provider, they will set up the entire Cloud ecosystem. It includes managing your cloud operations according to business requirements, timely reporting and analytics etc. It is an efficient way to manage the Cloud infrastructure seamlessly.
It is possible to save a lot of time and reduce costs by getting the end-to-end services plan. As the team has already worked on the migration, they will be onboard from day 1 and hence be able to provide timely support and maintenance as and when required.
It is essential to ensure that your SLAs (service level agreements) are being fulfilled on time to manage the budget and timeline. A certified Cloud service provider will be able to provide a concise timeline and ensure that the deliverables are provided on time.
It is possible to get a quick turnaround of your queries related to the Cloud infrastructure. This will allow your business to manage the workload without any disruption.
It is easy to fall prey to data loss when opting for migration to the Cloud. Businesses need to ensure that security is the topmost priority when choosing a service provider. A reputed Cloud managed services provider will ensure timely backups and data recovery options to enhance data security.
Focus on Core Operations
As a business, your core operations might not include managing the Cloud infrastructure and opting for a Cloud service provider you can be rest assured of any technical errors and focus on the tasks that matter the most to your business.
Reporting & Analytics
Managed service providers will take care of the software and hardware maintenance, manage timely updates and stay ahead of the competition. Get timely reports and analysis of your current standing and the ability to forecast future operations.
Plethora of Services
When you migrate to the Cloud, it is crucial to have a seamless integration with your existing system. Flexibility is an advantage that you get with a Managed Services provider which allows your business to flourish.
As we have seen in the above points, with dedicated Managed Services, it is possible to get the advantages of a secure solution and a team that will ensure the operations are managed seamlessly. Conneqtion Group will help you manage the end-to-end Cloud ecosystem so your organization can grow on the back of evolving technology. So, what are you waiting for? Get in touch with us today to know more about our Managed Services.
Karan works as the Delivery Head at Conneqtion Group, a Oracle iPaaS and Process Automation company. He has an extensive experience with various Banking and financial services, FMCG, Supply chain management & public sector clients. He has also led/been part of teams in multitude of consulting engagements. He was part of Evosys and Oracle’s consulting team previously and worked for clients in NA, EMEA & APAC region.