Most cloud migrations miss the mark on budgets and scheduling

According to a Velostrata report, more than half of cloud migration projects are late or over budget.
For a Dimensional Research study, the provider of cloud migration services polled more than 200 IT professionals around the globe. 96% of respondents were either in the middle or have completed a cloud migration project within their organizations.
When asked about the challenges they faced when moving applications to the cloud the respondents felt that many of their ambitious plans had been thwarted.
Nearly two-thirds of respondents (62%) said that their first attempts to migrate to the cloud were either more difficult than they expected or failed. Similar numbers (64%) reported that they completed their migrations later than they expected and more than half (55%) exceeded their budgets.
Respondents listed a variety of factors that contributed to their migrations falling behind schedule. Nearly six out of ten respondents cited “competing IT project” and “lackof expertise” as reasons for delays. About five percent of respondents cited “security concerns” or “lackof resources” as scheduling speed bumps.
These issues increase the timeframe for cloud migrations, which is already long. Only 25% of respondents believe their migrations will be completed within a year, while 73% expect them to take one to two years or longer.
Multicloud migrations are becoming more complex. Nearly 70% of respondents to the survey said that they have migrated applications to multiple cloud providers to avoid vendor lock-in (58%), or to take advantage different platforms’ cost and functionality advantages (77%).
This is good news for hyperscale cloud providers such as Amazon Web Services (AWS), Microsoft Azure, and together they make up the most popular combination of multiclouds. However, it could be a problem for IT shops or partners who are trying to complete their migrations on schedule.
Register to get the complete Velostrata survey report.

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