Navigating cloud transformation: Key insights and strategies

Digital transformation remains at the forefront as organizations look to modernize processes and enhance agility through artificial intelligence to achieve strategic goals. In a recent Baker Tilly webinar, industry leaders shared insights into tackling transformation challenges, harnessing Oracle Cloud solutions and preparing for impactful change.

Panelists Wendy Chambers of Edward Jones, Adam Scott of Oracle and Kayla Flint of Baker Tilly were led by moderator, Brad Fisher of Baker Tilly.

Edward Jones’ Journey to Oracle Cloud

Edward Jones is the largest private RIA financial services firm that provides investment analysis, wealth management and financial planning services to individuals and businesses. For several years, Edward Jones considered transitioning to the cloud with a focus on evolving their processes to stay ahead in a rapidly changing technological landscape. A strategic vision and the need to align transformation goals with the company’s long-term objectives were important for Edward Jones.

The importance of Calibration

The “Calibration” phase is a pre-implementation strategy for mitigating risks and setting a strong foundation for future success. This process includes defining guiding principles, assessing current technology footprints, aligning transformation efforts with organizational goals and building a client specific road map aimed maximize ROI.

The panelists agreed that the Calibration Phase helps identify potential pitfalls and ensures all stakeholders are aligned. Chambers highlighted that starting calibration allowed her team at Edward Jones to prioritize effectively, focus on long-term goals, and bring stakeholders into a shared vision. This approach allowed Edward Jones to identify their most pressing challenges and craft a road map that addressed both immediate needs and future aspirations.

The power of Oracle Cloud

The role of cloud technology is prominent in driving innovation in today’s organizations. Modernization through the replacement of legacy systems allows organizations to leverage cutting-edge tools like artificial intelligence (AI) to enhance productivity, streamline processes and improve decision making.