In today's digital age, businesses are constantly seeking ways to optimize their data management processes. One solution that has gained significant popularity is the migration of planning analytics to the cloud. This strategic move offers several advantages that businesses can leverage to enhance their data management capabilities.
One of the primary reasons why companies are making the switch to cloud-based planning analytics is the instant global presence it provides. By storing data in data centers located around the world, organizations can ensure that their data is accessible to users whenever and wherever it's needed.
Server Costs – Hardware, Software, and Administration
Storage Costs – Hardware and Administration
Network Costs – Hardware and Administration
IT Labor Costs – Server and Virtualization Administration
Overhead Costs – Space, Power, Cooling
Application Costs – Software maintenance, Administration
Faster Go-To market – Ever-changing and ever-evolving business conditions
Scalability – Up & Down
Flexibility – address seasonality, tests, short term demands
Focus – On business and core competence rather than IT.
This not only reduces latency but also enables quick decision-making, especially in time-sensitive situations. Additionally, having a global presence opens up new revenue streams as companies can cater to customers from all over the world.
Another key benefit of migrating planning analytics to the cloud is the high performance and reliability it offers. Cloud infrastructure can be tailored to meet the specific needs of users, ensuring optimal performance and improved security.
While multi-tenant cloud environments are commonly available, opting for single-tenant cloud environments can further enhance performance and security.
The instant deployment capability of cloud services is also a major advantage for businesses. Cloud providers offer pre-configured services, minimizing the setup time required. This allows organizations to provision services immediately upon order, enabling them to build powerful applications and deliver them securely via web, mobile, or desktop.
The agility of cloud-based deployment also eliminates the need for complex IT infrastructures and support, streamlining the overall process.
Scalability is another crucial factor driving the migration of planning analytics to the cloud. Businesses need a platform that can easily scale as they grow. Cloud customers can add more users, storage, and features as their requirements evolve.
This flexibility enables companies to pay for only what they need, avoiding unnecessary expenses on software and hardware. Moreover, cloud users can scale up temporarily when there is a spike in usage and then scale back down, further optimizing costs.
Disclaimer: The pricing may vary. This is only an example of how the computation will look on the actual
Security is a top concern for all businesses, and the cloud offers robust security features to address this. Cloud providers stay up-to-date with industry standards and compliance certifications to ensure data security. Single-tenant cloud environments provide an additional layer of security, with only one point of access and no risk of data being combined or accessed by unauthorized users. This level of security minimizes the chances of data breaches, which could have severe consequences for any organization.
All clouds are not equal – evaluate Public, Private, Hybrid, and associated unique strengths.
All-in in one go – Determine applications best suited for migration, associated risks, and timelines.
Don’t leave Om-Premise behind – It’s key to tune your on-premise applications for cloud utilization.
Hands-of Outsourcing – While it’s on the cloud, lacking in-house expertise can cost dearly and result in project failures.
Keep a Scorecard – evaluate all workload's economic, security, and risk profiles. Keep a tab.
Move beyond lift & shift – using the cloud shouldn’t only be about cheap hardware and storage.
One of the most compelling reasons to migrate planning analytics to the cloud is the cost savings it offers. By eliminating capital expenses for infrastructure, such as servers and storage, businesses can save significant amounts of money. Maintenance and upgrades associated with physical storage are also eliminated, freeing up resources for other strategic initiatives. With the pay-as-you-go model, companies only pay for the storage and features that are actively used, ensuring cost optimization.
In conclusion, migrating planning analytics to the cloud provides businesses with a range of benefits, including global accessibility, high performance, instant deployment, scalability, enhanced security, and cost savings. This strategic move equips organizations with the agility and capabilities required to thrive in today's digital landscape.
By embracing the cloud, businesses can not only meet the changing demands of employees for mobile working and remote access but also gain a competitive edge over their peers who rely on legacy on-premises storage solutions.
Be in the cloud in 14 days
Get IBM Planning Analytics (TM1) and its associated applications Workspace and the Microsoft Excel interface on the cloud.
We perform a like-for-like migration of data from TM1 perspectives to TM1 cloud including integration of data sources and setting up licenses and user access. We include 4 hours of user training to ensure users can play and use TM1 properly. Book a free discovery call
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Like for like migration Unlimited Cubes Unlimited dimensions Unlimited Hierarchies |
20 Excel reports Up to 2 TM1 Instances Up to 3 environments Use propriety Octane checklist |