Migrating to the cloud is an investment in an organization’s future. Most executives realize the cloud brings increased speed and flexibility, but the benefits go much deeper. Be forewarned: to fully maximize those benefits, there must be a solid business case that supports migration to the cloud. A strong business case can be what helps secure larger budgets required to invest in sizable transformation—the change that truly moves the value needle for the organization.
To build a comprehensive and compelling cloud business case, we should first look at the value realization. The cloud value stream includes the set of activities that ensure financial benefits are planned, captured, tracked and utilized. The definition of true value is what remains after subtracting the detriments from the realized benefits. Let’s take a closer look at each.