Have Vulnerabilities of Cloud and SaaS ERP Software Finally Been Exposed?

The enterprise technology space is moving towards the cloud at an unprecedented pace, but there’s a dark side of cloud computing that you should be aware of. What exactly is the dark side of cloud technology?
That’s what I will be discussing today.
#cloudsoftware #erpsoftware #digitaltransformation
ORDER MY NEW BOOK: The Final Countdown: a.co/d/50cqrCB
CONTACT MY TEAM & I: www.thirdstage-consulting.com...
FOR SPONSORSHIP OPPORTUNITIES: [e-mail]
🔗 Explore Our Latest Resources:
2024 Digital Enterprise Operations Report: resource.thirdstage-consultin...
TSC Resource Center: www.thirdstage-consulting.com...
Software Buyer's Guide: resource.thirdstage-consultin...
Supply Chain Management Playbook: thirdstage-consulting.com/rep...
Digital Strategy Framework: resource.thirdstage-consultin...
Guide to Organizational Change Management: resource.thirdstage-consultin...
20 Lessons from 1,000 Digital Transformations: www.thirdstage-consulting.com...
📱 Connect With Me:
LinkedIn: / erickimberling
Instagram: / erickimberling
TikTok: / erickimberling0
X: / erickimberling
📩 Got Questions?
Contact me to brainstorm ideas for your digital transformation: [e-mail]

[@billyvitale8994]

Cloud venders are locking in their customer base, with start up discounts and other. They know very well once you have moved and adapted..there is no turning back.. cost savings is then a non issue...and they can at some point increase what they charge...now what?😮

[@timpenner7858]

Cloud-based systems have always made me a little nervous because there's no way to own your systems anymore. You can't secure them by cutting the wire but simply have to trust the cloud vendor to know when to cut the wire. I don't quite understand why the cloud took off the way it did instead of creating cloud-like operating environments in traditionally physical data centres. VMWare has long provided the tools to do this. I use Google's cloud for small personal works but I'd much rather that my chosen ISP provide cloud-like functionality on the servers they've allocated to me.

[@markf2439]

Very interesting impartial view on Cloud and SaaS - from my experience i work in the Dynamics 365 BC space and there is a huge drive to get OnPrem customers into the cloud version. I believe there are Pros and Cons on either side, but for people involved in sales and account management its much easier for them to sell the short-term benefits of moving to SAAS than it is promoting the long term benefits of staying On-Prem. Excellent video and channel which I have recently subscribed to, thanks Eric

[@rajivsharaf99]

Very true. Nicely articulated. For longterm compromise have better RoI and control.

[@gulvadi1]

I agree , going hands down embracing cloud has burned the fingers. 2 years we struggled not giving up and ultimately back to the basics of on premise. It's certainly and always a pleasure to follow your podcasts and videos.

[@hassanmaje5849]

As a non-technical individual involved in transitioning a small organization to cloud-based solutions, I'd like to offer my perspective based on my own experience without divulging into details.
In my case, opting for cloud-based solutions proved to be more cost-effective compared to on-premise alternatives. My strategic approach focused on leveraging the cloud to enhance efficiency, compliance, and accessibility while minimizing risk and ensuring business continuity.
By migrating the operations to the cloud, we avoided substantial upfront investments in hardware, software licenses, infrastructure setup, managed IT services and ongoing maintenance that would have been required for on-premise systems.
Furthermore, the inherent advantages of cloud computing, such as seamless collaboration, concurrent and anytime, anywhere access, and reduced reliance on physical infrastructure, contributed to cost savings and operational efficiencies.
When comparing the cloud and on-premise systems I found that the benefits and cost savings in the former outweighed in the latter. Of course, I recognized certain trade-offs, such as the loss of ownership of software and databases, the inability to maintain native backups, and the loss of other capabilities, such as maintaining live, test, and production databases as would be possible in an ERP environment.
While cloud was the most cost-effective option for this organization it's possible that as it grows and needs evolve, the equation may change in future.

[@ad-drumcovers99]

Thanks for all your videos!
Our corporate office just implemented Workday & it’s chaos 😂
I was forewarned thanks to your previous videos 🙏

[@hotonelicano6780]

Your position on the matter is always on point. My only consideration is that almost every e terprise installation is unique with too many factors affecting the outcome over the years.

[@jamesprice3127]

A very good video. Thanks

[@chapagawa]

My experience is that cloud surpasses on premise costs in about 3 years. If you are looking at a 5-7 year break even for cloud vs on premise, then cloud may be cheaper as you are going to have HW/SW refreshes every 5-7 years including repurchasing of software in many cases (the annual support cost is much higher than licenses anyway).

[@Techpiler]

Refreshing point of view and I agree 100%. Public cloud offerings will always exist and will continue to take share away from on-prem. However, sooner rather than later there will be a migration of critical workloads back to on-perm or co-lo where the owner will can have full jurisdiction of the technology stack as IT managers realize the constraints of the public cloud model. Three reasons: Security, Cost, Agility.

[@chebrubin]

LOL a POST or PATCH and a base 64 encoded token could bring down a fortune 50(s) orderbook?
Nuts.

[@SasidharReddy-fs3xe]

Well said. Lack of flexibility is real. Also, lack of options to consider once someone moves into a cloud native scenario. This is on the lines of getting locked in but slightly on a different tone. Also, Micro services are forced in with Cloud native applications whereas on-prem would allow more freedom in choosing the architecture suited for organization (example of lack of flexibility).

[@daluwang]

I totally agree with you

[@pablo.valero]

Prívate Clouds of SAP or Odoo can mitigate this problem of flexibility... Pricing in Odoo is more affordable

[@jacklazo9030]

I spoke with a large conglomerate that told me that all their systems were in the cloud. They did a lift and shift to a large local data center that provided them cloud services.

[@jann2759]

Good awareness Eric and perpetual cost rise with multiple bespoke cloud software when market matures would help. Cost and features are key. Jan N

[@DPK12]

Cloud/hosted /SaAS are a con when you consider true cost of ownership. Named users is also a con. Users should demand perpetual user licensing

[@carpiosoftware]

Good points, all of them, but ten years from now, there will be no on premise installations. With the ammount of compute AI technologies need, no company in the world will be able to afford on premise no cloud solution.

[@vncstudio]

It will be almost impossible to replicate the scalability, functionality, and application architectures on-prem. That is true even today.

[@miyu545]

The move to cloud computing has never been about security, and certainly not about price. The cloud is nothing more than using someone else's services, someone else's hardware, and someone else's security model. Always look at on-prem services with companies like Selenium Group.

[@Joe-lb8qn]

Flexibility is a very sharp double edged sword and in many cases not true. Ive seen many organisations who customised their ERP into a cul de sac. And then lost all flexibility (except at massive cost) to move to new better software and features.
Plus user departments can add arbitrary customisations which in the long term are not needed but hamstring them for moving on to new capabilities. And those expensive customisations they paid for are now irrelevant.
I don't buy vendor lock inas unique to cloud, whatever you build into you are locked into except at enormous cost. You can no more move easily from say in house oracle to SAP than cloud workforce to in house SAP.

[@TurkerTUNALI]

We have 4 downsides here:
1: Lack of flexibility.
2: Higher long-term costs.
3: Lack of maturity.
4: Vendor lock-in.
Fortunately, we have an option which is flexible enough, costs less, mature and have no vendor lock-in.

[@chebrubin]

It is the talet you want. The SAP and Oracle consultants will make your business more successful.

[@itisabird]

Good sarcasm!

[@chebrubin]

@@itisabird Please elaborate. Whether it is SAP BTP or Oracle Cloud these people are going to know how to run successful businesses.