The allure of achieving cost savings and reducing the total cost of ownership is driving many manufacturers to adopt a Cloud PLM solution.
Countless articles and guides have been written about Cloud benefits. Yet some companies still struggle or ultimately fail to see the savings they expected.
The good news is that those who fail to see the savings they expected from their Cloud migration usually make the same mistakes. And you can learn from them to get the Cloud cost savings you wanted.
Here are some helpful pointers to ensure cost savings with your Cloud migration:
Effective Cloud PLM benefits all areas of your organisation.
The reality is that preparing for Cloud migration demands a complete re-evaluation of your PLM budget and organisational budget management. Gone are the days when estimated PLM costs fit snuggly in your IT budget – Cloud migration will inevitably impact other areas of business. So, prepare business area stakeholders ahead of time and provide ongoing support through your vendor, or in-house training.
Stay agile to maintain optimal business processes.
If you’ve planned for Cloud migration costs across your business but still aren’t seeing savings, then the problem may be with your post-migration strategy. You have to be prepared to regularly analyse how you’re managing your Cloud solution to pinpoint where you can make improvements see more savings.
You may actually be making savings and simply haven’t identified them yet.
As you re-evaluate your budget, look for areas outside IT where saving may have been made. Knowing what to look for will help you recognise savings in the future.
If you’ve recently moved your PLM to Cloud or are forming your post-migration strategy, there are ways to ensure cost savings and reduce your total cost of ownership. By learning from those who have failed to see savings, you can avoid being one of them.
To get a better understanding of the reality behind Cloud cost savings, download the latest Gartner report, “How to realize cost savings after migrating to the Cloud.”