The definition of “cloud native” can vary significantly depending on who you ask. Of the most common jargon used to talk about the changes in technology and business, it is unlikely it would be the first thing that comes to mind. (Digital Transformation, anyone?) However, that is changing fast. In this blog post, we’ll dig deeper into digital native, cloud native, and how it will influence the work of FP&A professionals.
A formal definition for digital native is not yet used consistently in business, which is why a digital native company is still on the forefront of developments in business technology. First used in 2001, digital native has most commonly been used to describe individuals who grew up using computers. The Cloud Native Computing Foundation, headquartered in California, defines cloud native as:
“Cloud-native technologies empower organizations to build and run scalable applications in modern, dynamic environments such as public, private, and hybrid clouds…”
The Influence on FP&A
Leading global analyst firm IDC states that 90% of all enterprises will build cloud native environments by 2022 to be able to thrive in the digital economy. This is much closer than most organizations realize and has grown rapidly in importance for long term success. The ingredients are already in place: broad adoption of microservices as well as the “containerization” of applications with Kubernetes being the orchestration platform standard of choice to run those. It is a pretty safe bet that most companies will implement these technologies sooner than later in order to fully capitalize on the benefits and business value of the digital economy.
So, what are microservices and containers? Microservices are generally smaller elements of functionality that interact with other functionalities within a larger system via well-defined set of application programming interfaces (API). Containers are a tool which developers use to isolate those microservices and run them inside Kubernetes that make life much easier when moving from one computing environment to another, scale the amount of those services according to demand, and help the applications run much more smoothly and reduce the likelihood of experiencing problems.
The reason this matters to FP&A is stated beautifully in the 2019 Accelerate State of DevOps report by DORA: “A key goal in digital transformation is optimizing software delivery performance…” The unrivaled flexibility of Jedox supports the rapidly evolving needs of the Office of the CFO with our continued commitment to optimizing our platform with world-class cloud solutions.
The Jedox Cloud
In partnership with Microsoft Azure and NetApp, Jedox is blazing the trail forward to use cloud native technology to continue meeting the demands of a fast-changing world that often includes measurable uncertainties. We are grateful when our customers share their appreciation with us about how much smoother and efficient their processes are because we know it is possible thanks to these partnerships that allow us to improve delivery, flexibility, and elasticity. These are crucial capabilities for businesses when facing numerous uncertain variables in their planning and reporting.
Learn more about how a cloud-based enterprise performance management solution will help your organization be a trailblazer in the Digital Age and be able to address the challenges brought by Digital Transformation.