Introduction
A high-tech product company must deliver speed, scale and stability. In order to stay competitive against growing customer expectations and market competitors, traditional legacy platforms and monolithic solutions are no longer enough. Transforming product platforms into cloud-native solutions has emerged as the critical building block for high-tech digital transformation.
In this blog, we discuss why cloud-native transformation is crucial to remaining competitive in the high-tech industry. We will also cover what product platform modernization entails and introduce you to Hexaware’s cloud-native solutions offerings.
Why is Cloud-native Transformation Critical to High-tech Product Companies?
Cloud-native solutions refers to developing and delivering software applications that are built and deployed to leverage all the benefits of cloud computing.
Cloud-native products are built for agility, elasticity and resilience. Inherently, cloud solutions are deployed to and managed from the cloud. This is contrary to traditional applications that were hosted on-premise data centers or virtualized environments.
Cloud-native solutions offer benefits that include agility, scalability and reliability.
The benefits of cloud-native transformation are essential for high-tech product organizations for following reasons.
Agility and Speed
Cloud-native solutions support continuous innovation. Product features can be developed and deployed faster than ever before.
Scale
Cloud-native enables high-tech products to scale infinitely. Product traffic can spike without worrying about traditional infrastructure capacity limits.
Reliability
Cloud infrastructure and native applications can help prevent service disruptions with zero-downtime deployments and across distributed cloud services.
Cloud-native transformation also plays a key role in digital strategy and transformation for high-tech companies.
How will high-tech product companies fare without cloud-native transformation?
For many enterprises still running on-premises or packaged software products, moving to the cloud is a challenge. Cloud-native transformation offers solutions, but these product companies face several problems by not modernizing existing product platforms.
Challenges Without Cloud-Native Transformation
Many high-tech product companies still rely on legacy systems. These systems pose several challenges.
Here are common challenges faced by high-tech product companies operating on traditional technology.
Inability to Innovate
Monolithic applications take time to deliver. Moving slow means losing ground to competition.
Higher Operating Expenses
Operating old technology is expensive. Whether it is IT spend or resources required to maintain technology.
Risk of Data Silos
Poor visibility and connectivity across data repositories. This makes it harder for high-tech companies to react quickly and provide unified customer experiences.
Lack of Built-in Security Features
Modern security capabilities like access controls and audit logs are absent in older systems.
Cloud-native transformation coupled with product platform modernization provides businesses with opportunities to resolve these issues.
What Does Product Platform Modernization Mean?
Product platform modernization is the process of transforming existing product software platforms to become future-ready with cloud-native technologies, architecture and practices.
Product Platform modernization activities typically include:
- Porting monolithic applications to microservices
- Cloud migration
- Automation and DevOps
- Data and analytics
- Cloud-native transformation strategy
Benefits of Cloud-native Transformation for High-tech Product Companies
Without a comprehensive cloud strategy high-tech product companies struggle to realize business value from cloud-native investments. A cloud transformation strategy provides a repeatable path for assessing current technology landscape, planning migration and deployment, and executing transformation with measurable results.
Hexaware’s Approach to Cloud-Native Solutions
Hexaware’s Cloud Native Solutions include everything you need to plan and execute your cloud-native transformation.
Delivering cloud-native solutions at Hexaware
At Hexaware, we take a structured and outcome driven approach to cloud-native transformation with enterprises. Our end-to-end cloud-native solutions include:
Cloud Modernization and Migration
We offer consulting, cloud modernization, migration and managed cloud services to help enterprises transform applications and workloads to the cloud and run operations seamlessly.
Application Modernization
Legacy application modernization is the process of re-imagining traditional applications into cloud-ready architectures. Our application modernization services help enterprises transform applications for the cloud with automation driven tools and best practices.
Data Modernization
Cloud-native transformation success is only possible with a modern data platform powering it. Hexaware’s data modernization services assist businesses in consolidating their data-estate to a unified analytics platform, optimize data quality and access, and accelerate cloud data analytics.
Managed Cloud Services
Enterprise-grade cloud operations and support are key to realizing business value from cloud technologies. Hexaware Managed Cloud Services provide organizations with cloud operation management to lower costs, increase performance and maintain continuous security.
Automation-driven Cloud-native Platforms
Hexaware’s own proprietary cloud-native Application Modernization platform Amaze® helps accelerate cloud transformations while reducing risk and driving consistent outcomes at scale.
Cloud-Native Transformation Framework for High-Tech Product Companies
Here is a step-by-step framework that covers everything you need to plan for cloud-native transformation of your high-tech product platforms.
Define Business and Digital Objectives
All technology decisions should begin with business objectives. Defining how cloud-native can enable faster release cycles, lower operating costs, higher system reliability will help scope your technology needs.
Assess Cloud Readiness
Technology assessment of existing systems will help you understand current technology architecture, applications and team skills. Hexaware’s cloud readiness assessment use proprietary tools like Amaze® to analyze technology applications and reveal deep insights and migration recommendations.
Workload Assessment and Planning
Based on cloud readiness assessments, plan your technology migration roadmap. Identify workloads that are candidates for re-platforming and re-architecting to cloud-native technologies.
Cloud Native Application Re-Architecture
Cloud-native solutions are enabled by adopting microservices architectures and designing applications around APIs to reduce dependencies and build agile applications that can be scaled independently.
Adopt DevOps Principles
DevOps will help you enable CI/CD, infrastructure automation, testing automation, and other capabilities required for frequency and quality in application deployments.
Cloud Migration
Migrate workloads and applications to the cloud and optimize for performance and cost.
Cloud Security and Governance
Lastly, implement policies and processes to ensure cloud security and governance. Define standards to ensure compliance requirements are met and risk mitigated.
Monitor, Optimize and Improve
Define KPIs to measure the success of your cloud transformation initiatives against. Use business KPIs like deployment frequency, system uptime and cost savings to measure improvement.
Why Does Cloud-native Transformation Work?
Cloud-native solutions offer unmatched agility, scale and reliability. Here are some of the benefits that high-tech product companies gain by going cloud-native.
Faster Time-to-Market
High-tech companies face pressure to continually innovate and introduce new product features. Building and deploying faster with cloud technologies and cloud-native applications empowers faster innovation.
Enhanced Product Innovation
When applications and infrastructure aren’t slowing teams down, there is more room for experimentation. This leads to better products.
Cost Efficiency
Say goodbye to heavy upfront capital expenditures to buy hardware and manage on-premises infrastructure. Move to variable cost models and only pay for what you use in the cloud.
Better customer experience
High-tech products need to provide reliable and seamless experiences to users. Cloud platforms can scale on-demand to prevent outages and slowdowns.
Customer Use-Cases
Industries like Automotive and Retail have been using Hexaware’s cloud-native solutions to transform existing applications and digital services. Here are some examples:
High-tech product platform modernization and auto migration.
In this customer case study, learn how one automotive services company was able to completely transform and modernize their legacy product platform with cloud-native solutions. This reduced operational costs by moving to a scalable, consumption-based pricing model in the cloud.
Enterprise Application Modernization using Amaze®
Hexaware’s Application Migration and Modernization platform Amaze is cloud agnostic and was used by one of our clients to migrate millions of lines of code to the cloud in a matter of months. Watch how Hexaware accelerated cloud migration plans while reducing risk and optimizing costs.
Driving Data Innovation with Cloud Modernization
Learn how one retailer was able to unify their data-platform with cloud services to provide product teams with insights previously locked away in disconnected systems.
These customer success stories showcase how cloud-native solutions and cloud transformation play an important role in transforming business technology for the better.
Best Practices to consider for your Product Platform Modernization
Following best practices will help ensure your cloud-native transformation initiatives succeed.
Invest in Training
Providing training and skill-up sessions to your technology teams will ensure your team is prepared to build, innovate and operate in the cloud.
Focus on Outcomes
Measure success on your cloud-native modernization projects by desired business outcomes. Did your cloud costs decrease? Were you able to scale infinitely during peak demand?
Automation
Utilize automation to reduce manual repetitive tasks. Automation allows you to replicate processes and apply them across technology projects with consistency and speed.
High-tech Product Company Success partner
As your strategic partner in cloud-native transformation, Hexaware provides everything you need to plan and implement your cloud technology strategy. Our cloud-native solutions combine a rich history of technology expertise and proven service offerings with cutting-edge automation driven platforms.
Conclusion
Cloud-native technology is the future of high-tech product companies. Modernizing applications and using cloud platforms to launch digital services will help you stay competitive and deliver what your customers want. Want to start your journey to the cloud? Contact Hexaware’s experts today to get started.
