Cloud computing is one of the most rapidly developing areas in IT.. It’s also a big opportunity for consultants and resellers. But how do you figure out if cloud consulting is right for your business and if it will be profitable for you?
Setting Clear Objectives and KPIs
Before you can measure the ROI of your AWS consulting, you’ll need to set clear objectives and KPIs.
- Clear Objectives: An objective is a statement that describes what you want to achieve with your project. For example, if you’re building an application for mobile devices using AWS Lambda functions and Amazon API Gateway endpoints to create an API for third-party developers who want access to data from an on-premise system (e.g., Salesforce), then one objective might be “To build a system that allows third parties access to sales information through APIs built directly into our existing system.”
- Clear KPIs: Key performance indicators (KPIs) are metrics used by businesses to track the success or failure of certain activities over time – and how those activities affect other areas within their organizations as well as outside them (e.g., customer retention). For us at [company name] Consulting Group Inc., we measure our KPIs based on three main factors: cost per unit produced; profit margin percentage gained through increased sales volume due solely because consumers like having access through multiple channels instead of just one channel (e.g., phone calls); whether or not customers buy more products/services once they’ve seen all kinds available through different methods such as web portals versus blog posts only
Quantifying Security and Compliance Benefits
Measure the ROI of Security
Measuring the return on investment (ROI) of security is a challenging task for any company, but especially for those who are just starting to build their cloud-based infrastructure. It’s important to not only quantify the cost savings from using AWS services like Amazon GuardDuty but also measure how these services help you achieve compliance with regulations such as GDPR and HIPAA/HITECH.
Measure The ROI Of Compliance
Compliance with data protection regulations like GDPR and HIPAA/HITECH requires a great deal of planning, effort, and resources on behalf of an organization before they can begin collecting or storing personal information about individuals in their systems. Cloud migration provides many benefits beyond cost savings such as increased agility in responding quickly when breaches occur – but it also introduces new risks if not properly planned out ahead of time!
Examining the Impact on Customer Satisfaction
Customer satisfaction is a good indicator of success. If your customers are satisfied with the work you do for them, they’ll stick around and recommend you to others.
There are many ways to measure customer satisfaction, including surveys, interviews, and focus groups. The method you choose depends on the type of project being measured and how much time is available for gathering data.
Considerations for Long-Term ROI Assessment
The long-term ROI of AWS consulting is a combination of the benefits you have seen from the initial engagement and the ongoing benefits you will continue to see. The value of your AWS consulting investment will be determined by how well you plan for the future, as well as how well you can measure the results.
To understand and measure long-term ROI, consider these three key questions:
- How do we plan for continued improvement?
- How do we measure progress toward our goals (and other key metrics)? * What are some ways we can use data analysis in our decision-making process
We hope this guide has helped you understand the factors that make up your long-term return on investment (ROI) and how to measure it. As we’ve seen, measuring the ROI of AWS consulting services can be challenging – but it’s also an important step in making sure your business is getting the most out of its investments.