While there are many benefits to cloud computing, there are also challenges to consider. Specifically, the cost of migrating to the cloud could outweigh the potential return on investment.
For example, some applications that are critical to a business may not have been originally built for the cloud. The migration of these applications could end up requiring significant cost to rework the code and adapt the application to the cloud environment with full functionality, or risk compromising the application’s performance by retrofitting it to work with a cloud deployment model.
Additionally, remaining competitive in application performance becomes increasingly difficult as cloud computing becomes more pervasive.
With various businesses utilizing the same cloud computing providers and services, differentiating yourself from competitors becomes less about the speed of capabilities and more about what is produced. If your IT infrastructure is managed in-house/on-premises and your capabilities aren’t performing as quickly as your competitors, it’s going to be harder for you to compete online without migrating to the cloud.