Seven Ways Your Business Can Benefit From The Cloud

Cloud computing has managed to impact a large number of industries, with 90 percent of companies already on the cloud in 2019. With the global market expected to reach $623.3 billion by 2023 and big companies such as Netflix and eBay already using it, an increasing number of businesses are expected to adopt this technology. 

Described as the usage of networks of remote servers, which are accessible over the internet, to manage, process, and store data, cloud computing provides companies’ access to various technologies, while reducing technical costs or expertise. In simple terms, cloud computing is the delivery of computing services over the internet.

The cloud service market is divided into three categories: infrastructure, software, and platforms. Depending on what your business requires, you can choose between public, private, or hybrid solutions.

Whichever deployment you choose depends on what your business’s needs are. If you’re uncertain about where to start from, you can opt for cloud consulting that will help you determine an overall cloud strategy that’ll create the integrated environment that’s right for you.

Regardless of whichever route you choose, your business can significantly benefit from the cloud. Here are seven benefits cloud computing can provide:

Reduced Costs

Any business considering employing a new technology needs to ensure it’s worth the investment. What’s most convenient about cloud computing is that it doesn’t require its hardware since everything you need is available on the provider’s servers. 

What this means is that you save a considerable amount on the cost of hardware, as well as any expenses involved in running a data center. You don’t need to pay for anything associated with running and storing hardware, such as power, physical security, space, air-conditioning, and insurance, and even the cost of maintenance.

Increased Flexibility

Since all data is stored on the internet, your employees can access relevant data from wherever they are, whether that’s at the office or home. This enhanced accessibility allows your business to promote remote work. Increased opportunities for remote work are allowing companies to grant their employees more flexible working conditions and reduce the costs associated with office space. 

Flexible working conditions, in particular, lead to greater employee satisfaction and productivity, which positively impacts your business as well as gives you access to a larger pool of talent. Satisfied employees are found to be 12 percent more productive, thereby proving to be an essential factor for business growth.

Improved Security

Cyber threats pose a huge risk to businesses with data breaches costing enterprises an average of $3.92 million. By employing cloud hosting, your business is better protected against infection, internal data theft, and hacking. Cloud providers have to ensure their services comply with strict regulations to secure their customers’ data.

Cloud service providers are famous for information security and have to implement strong firewall technology that protects systems against viruses and other intruders. This firewall technology detects and isolates malicious threats before they can cause havoc in your server.

Cloud servers are much safer than typical servers, and you can use multiple methods, such as automation, data encryption, and device security to ensure your data is secure. You can protect your data from unauthorized access by using password protection, limited access, reducing copies, and implementing encryption.

Faster Performance

The cloud market is massive and, to ensure they remain competitive, cloud service providers need to continuously innovate and keep their systems updated to ensure consumer demands are met. Hence, cloud computing provides high-performing services with technology such as lightning-fast SSD drives and robust CPUs. 

Moreover, cloud service providers use load balance to direct client requests, utilizing capacity and maximizing speed in the process. This way, when servers have a lot to manage, the load is distributed evenly so individual serves don’t face performance problems. 

Improved Self-Service

Perhaps the best part about cloud solutions is how user-friendly they are. The system itself is easy to manage and configure and you can also customize it according to your business’s needs yourself without having to rely on external consultants or the IT department every time you want to change something.

Additionally, since the system uses common technologies, the business solution grows with you. For instance, any customizations you make will be adjusted if you add more products and services to your portfolio. By giving authority to individual teams to adjust the system in a way that suits their needs, your IT department will be free to divert their efforts to developing and innovating the business.

Boosted Collaboration

The cloud increases opportunities for collaboration methods that usually aren’t available on email. Services such as Microsoft Azure and Amazon Web Services, the latter of which is the leading cloud vendor with 32 percent of the market share, give access to several tools that boost the way work is done. Teams can work in conjunction and achieve greater efficiency by collaborating on any platform or device, from any place and at any time.

Companies that promote collaboration between teams and employees are five times more likely to be high-performing than those that don’t. Cloud computing allows access to data from different places and helps share and manage the workflow. When everyone is working together, it increases room for improvement and problem identification and solving.

Increased Scalability

When a business has its own data center and demands more resources, you typically have to purchase, install, and configure a pricey new server. This installation might not be worth it if the demand is immediate and just needs to be used once. 

On the other hand, if you’re using cloud computing, then you can take advantage of scalability. If you experience a surge in demand, you can also increase your computing capacity to meet this demand. Additionally, you can always reduce the capacity if or once the demand goes down.

You don’t need to overhaul your current system and perform an upgrade. Cloud computing proves to be more agile by helping businesses adapt to rapid changes. This aspect is beneficial for growing companies as it helps them expand their systems and mobilize their resources accordingly.

Conclusion

Irrespective of how big or small your business is, cloud computing can result in many benefits. It can provide your business with the competitive edge it needs to survive in the highly dynamic world of today.

What other ways can your business benefit from cloud computing? Sound off in the comments below!

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