January 29th, 2020
Six major benefits of Cloud Computing for business
The rapid development of technology has provided companies with alternative solutions to running and developing their businesses. More frequently companies are starting to build their business model by relying on Cloud Computing. This technology is a relatively new business model applicable to all companies no matter of size. There are still businesses that are of the mindset that Cloud Computing is only used as a back-up system.
Here are six major benefits of Cloud Computing for business.
In recent years, more and more businesses have realised the importance and benefits of Cloud Computing. In a survey conducted by KPMG 42% of the 500 executives surveyed indicated that flexibility is the main factor why they use Cloud Computing. It offers greater flexibility to employees in their work practices. If you require access to your documents and data while off-site or at home, you can interface with your virtual office, quickly and effortlessly whenever you need to through any web-enable devices.
2. Cost savings and investment
Perhaps, one of the most remarkable benefits of Cloud Computing is certainly the considerable savings on IT costs. You do not need to spend capital on purchasing inventory such as infrastructure or hard drive. You are only charged a low monthly according to the agreed service package with the Cloud Computing service provider. Thus, the royalty fees on automated software licenses are reduced, because they all run with Cloud-based computing.
3. Disaster Recovery
Immaterial of size, every business should be investing in durable disaster recovery however, for smaller businesses that lack the required budget and skills, this is often more an ideal than the reality. Cloud is currently helping more businesses avoid that module. According to a study, SME's are twice as likely than larger companies to have implemented cloud-based backup and recovery solutions that save time, alleviate large up-front investment and roll up third-party expertise as part of the deal.
4. Collaboration Efficiency
Cloud Computing allows better collaboration between employees, enabling multiple users to share and work on data and files at the same time. The Cloud Computing model enables your business to communicate and share information more easily and efficiently compared to traditional methods.
Another major benefit of cloud computing is its scalability. Cloud-based services are ideal for organizations with growing or fluctuating bandwidth demands. Your business can upscale up or downscale according to the data storage requirements allowing flexibility as business needs change. It is easy to upsize your Cloud capacity as the company increases, thereby drawing on the service providers' remote servers. Similarly, if you need to downsize, the flexibility is built into the service.
Digital transformation has forced companies to be more responsive to digital changes. Flexible and customizable Cloud Computing solutions provide many useful advantages to help companies to be more agile in running their businesses. The choice of Cloud Computing service provider is not only based on location or comparing a number of parameter specifications. The successful implementation of this service will depend on how well the Cloud Service Provider provides a Cloud service most suited to the company’s requirements with minimal risk and disruption.
Is your business ready to migrate to Cloud? Get in touch for a free consultation.