If you can’t measure it, you can’t manage it
The above cliché applies to the ubiquitous ‘cloud’. The problem for many organizations is what metrics to use for the rationale and justification of moving one or more function or application to the cloud. Since time began the initial question, whether personal or business, is ‘what’s in it for me’. From an organizational standpoint, what is the ROI? The classic approach still works and is typically associated with cost savings or cost avoidance. If the payback offsets the cost of capital then it’s a good investment. With the cloud there are easy-to-measure potential savings of licensing costs, hardware, IT resources.
There are also intangible investments. The financial aspects are compelling paying just for what you need without having to own the capabilities that won’t be necessarily fully utilized. Improvements of agility, efficiency, agility can also be achieved. Although the hard dollar estimates of what can be achieved through tangible ROI metrics, the intangible benefits are no less real, and although subjective are worth looking at.
Additional information can be found in our white paper Managing Unstructured Content in the Cloud if you are interested.