Cloud computing has dramatically expanded the reach and scope of many companies, allowing them to operate globally without the need of having a ubiquitous physical presence. And while that can be very beneficial in a digitized world, the reality is that this exposes companies to a myriad of new risks that can threaten both operations and profitability.
The Latent Possibility of Vendor Lock-in
The notion of vendor lock-in is hardly job function email list new, but it has become a greater risk for modern companies over the last decade. The main reason is the increased need to partner with different providers to carry out a successful digital transformation.
Modern companies need cloud computing
AI and machine learning, big is your website design data, IoT, 5G, and other cutting-edge technologies to support their operations in the current business climate. And while those companies can certainly work with in-house engineers to develop their own implementations, the reality is that most of them opt for software development outsourcing. Simply put, the challenges of sourcing, hiring, and maintaining these types of qualified engineers, in combination with the high expense associated with these skill sets, usually overcome whatever reluctance a CTO or CIO may have for offshoring.
Why build
Cloud computing infrastructure when you can easily hire predesigned solutions to meet your needs? Doing so can accelerate your digital transformation and provide you with value from the first minute (provided, of course, that you adjust those technologies to your particular needs).
While partnering with software loan data development teams and external tech companies is a modern business imperative, doing so in a nonstrategic manner can end up with you depending on those teams almost exclusively. If you rely too heavily on one particular vendor or platform, the result will inevitably be increased risk and fewer options—you’ll be backing yourself into a corner!
