Although cloud computing solutions have been around since the dawn of the internet age, this beneficial technology has only gained traction in the digital 21st century – thanks to the big data revolution. Businesses of all sizes are now investing in cloud computing services provider, and cloud spending has skyrocketed from $55 Billion (2017) to $62 billion (2020), despite the pandemic.
However, the proof is in the pudding. Dell reports that companies investing in cloud see 53% faster growth than non-cloud counterparts. In this article, we unravel the benefits of cloud computing services – an attempt to understand why more than 90% of companies worldwide are now on the cloud.
Cutting straight to the chase, the most tangible benefit of cloud computing services lie in the long-term savings. If you are among those who are backing off from the cloud after glancing at the price tag, you aren’t alone. Initial investments can be challenging to address. However, the quick ROI associated with the cloud effectively counterbalances investment hiccups.
A significant factor that affects how cloud ROI is viewed lies in the almost infinite scalability that it offers. Most cloud computing services structure a pay-as-you-go model, meaning you never have to worry about future requirements, unlike traditional data centers. You only pay for what you use. The level of flexibility this model offers is unthinkable with conventional setups.
With the cloud, companies are ever ready to take advantage of viral moments – no sales loss due to crashing servers. Think about it – breaking the internet memes are now a thing of the past, thanks to the cloud.
3. Collaboration efficiency
Cloud is the answer to creating a hassle-free atmosphere that fast-paced markets demand to stay afloat in the new IT era. Most cloud hosts boast of a 99.9% uptime, allowing employees to connect to a centrally managed system from anywhere around the world within seconds. With BYOD, CYOD, and remote work becoming the norm, the benefits of cloud are more visible today than ever.
To quote Paul Maritz of VMWare, the cloud is far more about how you do computing than where you do computing! Workplace organization through a centrally distributed system is likely the key-step that traditional businesses need to take to embrace the millennial mindset of top-to-bottom transparency. Productivity is a direct function of employee experience and employee engagement. With the cloud, employees intuitively work towards transparency, allowing business owners the privilege of clean and open dashboards during daily sprints.
Speaking of fast-paced markets, staying up-to-date with the latest software and systems is crucial for the growth of the businesses. Cloud takes the pain points away by providing automatic upgrades. In the same light, it is also much easier to roll out the latest service upgrades to clients, providing you with extra points in terms of CX and CE.
5. Quality control
In the data-driven 21st century, managing the massive information silos requires diligence. The big issue with having to roll out frequent updates is remaining consistent. Few things eke out revenue as sub-par QC. By going cloud-based, companies can keep records of all software versions and ensure squeaky clean data infrastructure.
Although it may seem counterintuitive, the cloud is far safer than on-site. The truth is that a staggeringly high record of data thefts are internal. Yet again, without a cloud system, BYOD, CYOD, and remote remain a constant tussle between the IT and security factions in every organization.
It surmises to say that the sole job of cloud-based services providers as well the host is to maintain the integrity, allowing business owners to offload much of the responsibility. It should also be noted here that governments globally are now passing data-protection laws. 91% of businesses say that it is more comfortable to adhere to government compliances with the help of cloud systems.
7. Disaster recovery
Still not convinced about the security argument? Disaster recovery takes 4 hours or less with the cloud! Extended periods of downtime is the quickest way that companies fall from hero to zero in the client’s book. With the cloud, companies can become the backbone that clients rely on if something goes wrong. It is also an interesting fact that data loss is a diminishing problem for cloud-based organizations.
With every business, environmental concerns have been the last straw to draw from. But things need to change, and quickly. It’s no longer enough to claim environment-consciousness simply because your staff uses paper cups instead of plastic. Cloud infrastructure is far more energy-efficient and environmentally proactive than traditional data centers. An upside to this is the smile that accompanies drops in the electricity bills!
Cuelogic, a technology innovation partner for Fortune 500 Enterprises, SMEs, and startups, has helped organizations navigate and leverage cloud systems. If you are looking to include a cloud system for your business, we are here to help! With cloud adoption increasing YOY, it is imminent that early-adopters would have a competitive edge in the market. The advantages are vast, and companies are increasingly viewing cloud as the cake, and not just the icing. An inevitable change, the cloud is here and here to stay.
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