Since the turn of the century, cloud computing has become important due to the competitive advantage it offers to its users. There is certain business efficiency that cloud computing can add to your business. There is an ever-increasing user base who are relying on cloud computing. There are however still some businesses that are planning to use cloud computing and have never used it so far. Tech-savvy businesses have a lot of advantages associated with the use of cloud computing. Every 9 out of 10 businesses relying on cloud computing have claimed that there is an improvement in revenue generation and in compliance-related issues. Cloud computing has thus become important for businesses. The benefits it offers make it more attractive for businesses that are still planning to use cloud computing services.
In the digital age, use of technology has led to the business world to the point where it is difficult for individuals or businesses to keep their personal information or classified data on the computers in their offices. In house servers run out of space frequently. Cloud computing has provided these businesses with a much-needed solution. Cloud computing relies on the same principles of allowing the users to access the features and information on their systems while the load is actually kept on their remote computers. Google Drive, Facebook, and Gmail, etc. are all cloud-based. However, in the recent past, more of the businesses have properly understood the value of cloud computing. Businesses now use CRM software which is cloud-based so that the employees can easily access the customer information online. Despite the obvious benefits, there are many businesses that are still thinking and planning.
Here are the key benefits of cloud computing which would help any business decisions in favour of using cloud computing services.
Budget: For many businesses, the biggest hurdle in deciding to use cloud computing services is their budget-related concerns. If the services are too costly, many businesses try not to make that expense. Although there is some initial investment which might appear to be high, the return on investment or ROI is much more than the initial price. There is a lot of time and cost savings that the business can enjoy due to cloud computing.
Date security: Various businesses reconsider opting for cloud computing services because they are not sure if their data would remain secure. Cloud hosts are responsible for monitoring data security at all times. If the business keeps the data itself, it would be working on a lot of other tasks along with ensuring the security of its data. The cloud host would be focused only on security. The odds are, cloud host would be able to provide better security to the data.
Focus on your core business: Every business has certain activities that it has to perform to ensure continued revenue generation. However, in many cases when IT security and related issues are also handled by the business itself, it loses the focus from the core business area. This would naturally mean reduction in revenue-generating activities. With the data storage issued being outsourced through cloud computing, time and resources at hand can be utilized in more productive activities for the business.
Mobility: Cloud computing adds mobility factor to corporate data. With cloud computing, any place can be your workplace. Any place from where you can access the internet through your phone or your laptop can be your workplace. This not only makes having virtual teams possible but also the employees enjoy the flexibility this mobility offers them. They can ensure better work and family life balance due to this facility.
Knowledge-based organizations: It is clear that the future of the business world would be knowledge-based. Decision making in any business can be at its best only if the management is able to make well-informed decisions. For that, every business needs a data safety and retrieval system which can help them in quick retrieval of data while ensuring data safety and security. Cloud computing is the answer here. In the future, especially, businesses would gain a competitive advantage by using cloud computing services. This would also provide help in providing detailed insight into the communication with the customers and feedback tracking.
Collaborations within the team: Any business with even five employees needs to have proper collaboration between the employees for the projects to be handled properly. Cloud computing makes this process really simple. Information can be shared on cloud-based platforms on a real-time basis. It is easier and simpler than other methods to collaborate with the use of cloud computing.
Quality control: Any business which does not pay attention to the quality of information on which it bases its decision cannot make progress. Cloud computing can ensure that the quality of data and information that the business has for decision making is not compromised at any stage. All employees would be able to access similar data and reports thus making the information consistent for everyone as well.
Disaster recovery and loss prevention: However good the technological systems are, there is always a risk of disaster. There are downtimes and data security breaches. There could be data losses due to some reasons not in the control of the organization itself. In case an organization is relying on cloud computing, data is saved on a remote location and thus it remains safe. In case of an actual disaster, the recovery through technical means is possible in case of cloud computing. If the data is saved on in house computers, the chances of losing the data due to certain unfortunate events are higher. Loss prevention is possible, thus through the use of cloud computing. For example, a problem in local hardware might mean that the business has lost some of its data. This problem is resolved and loss prevention is ensured in the case of cloud computing.
Competitive Edge: Cloud computing provides a competitive edge to any business who is keen to use cloud computing. In the case of businesses which are not using cloud computing, the competitive edge becomes stronger in favor of the businesses relying on cloud computing. Cloud computing also provides automatic software updates and thus helps in saving time. These might appear as minor points but they lead the businesses towards more productive use of their time and resources.
Cloud computing thus has various advantages over the storage of data on in house computers. Even from the environmentalist point of view, saving the data remotely takes away a lot of heat and pressure from the workplace. Thus cloud computing is the choice of future for all businesses.