The Pareto principle is a fascinating idea that can be applied to almost anything in the world of business. Also known as the 80/20 rule, it is the idea that 80% of your results come about as a result of 20% of the work you do. The takeaway from applying this principle in business is generally to identify what business activities constitute that difference-making 20% and then focus on honing and protecting those activities.
From small startups to Fortune 100 companies, Digital Realty cloud provider Rackspace found that utilizing the Pareto principle during cloud migrations can help ease the process for all involved. Read on to find out how.
The most common pitfalls that occur for business during a cloud migration, regardless of the size of that business, usually happen in the initial planning phase. If IT leaders are willing to acknowledge that the planning phase may be the biggest differentiator between a smooth transition and consistent issues going forward, that will go a long way toward ensuring long-term success.
The first step in ensuring that you’re on the right track with your research and planning process is making sure you have the right personnel in the right places. Being honest with yourself and your colleagues about where your expertise lies and where you will need assistance is an important first step. Of course, it’s equally important to then select that assistance wisely. Whether you are hiring new staff or enlisting an additional service provider, you want to vet each new piece extensively to make sure they are going to be an asset and not a hindrance of any kind.
Once your team is in place, you need to create a specific picture of your business goals and how your new cloud solution will help you reach those goals. What happens after those goals are reached? Creating a plan for the future means you can operate proactively rather reactively. This makes it easier to tell if you are on track and easier to keep your eye on the big picture.
While execution remains critically important, the planning stage is one that is regularly given too little time and thought by IT leaders. If business leaders would keep the Pareto principle in mind and spend a little extra time and effort in that 20% of the planning stage, they would find an easier road ahead with the extra 80% of the journey.