Cloud: driving digital business transformation and innovation

Next-gen cloud computing, powered by composable architectures and ecosystems, accelerates your business plans and creates long-term value.

Tomorrow’s innovations are being created in the next-generation cloud. The cloud-native building blocks of composable architectures enable businesses to scale and adapt their processes at speed and to seamlessly integrate data and services. To maximize value in the cloud, leaders should look outward, and transform traditional value chains into dynamic, cloud-based ecosystems that facilitate better collaboration and rapid innovation.

A human-centred mindset and culture, where customers come first, from ambition to strategy to products and services, is critical for creating exponential, long-term value in the cloud. Looking within, leaders should promote a cloud-first approach, requiring new capabilities, skills and talent strategies.

Composable Architectures

Businesses are moving from highly customized, monolithic system architectures to composable business architectures. Composable systems support the flexibility demanded by transformation — with each component aligned, responsive, adaptable and replaceable.

Cloud enhances some of the key attributes of composable business architectures:

• Modularity: business-led, modern, fit-for-purpose cloud and data platforms to support the development and scaling of digital use-cases.

• Agility: with constantly changing business needs, the composable business architecture enables business responsiveness with the flexibility of frequent releases and rapid iterations.

• Price: consumption-based cloud models enable predictable and precise economics

Cloud-Based Ecosystem

The transformation of traditional business value chains into ecosystem partnerships is happening in the cloud.

Dynamic, cloud-based ecosystems support transformation by allowing businesses to respond to customer needs at scale, freeing them from the costs and constraints of on-premise and legacy solutions. Ecosystems in the cloud better integrate transformative technologies and allow for real-time data gathering and sharing, meaning businesses are better aligned and their collaboration is more secure.

---

Source: EY