In recent times, traditional computing has given way to the cloud. The latter offers competitive and cost-effective benefits. But still, the majority of businesses are not aware of its existence. Studies have revealed that 69% of businesses are using advanced cloud technology in some form or another. 18% plan to implement such solutions sometime later. Companies investing in cloud, security, mobility, and big data have been enjoying 53%+ revenue growth when compared to their competitors. Industry leaders and tech-savvy businesses have been realizing the benefits offered by cloud computing trends. It also assures that it will enhance overall profit margins significantly.
Benefits of Cloud Computing
1. Security:
When trying to adopt cloud solutions, organizations seem to have security concerns. With sensitive data, programs, and files not secured on-site, there are concerns about their safety. If you are able to access it remotely, then cybercriminals will also have access to it! The cloud host monitors security and business intelligence very carefully.
When we compare it to conventional, in-house systems, we consider it to be more efficient. In the latter case, the organization is to divide efforts between several IT concerns, where security is one such factor. The fact is that internal data thefts occur in increasing numbers, perpetrated by employees.
In this case, it would be wise to keep sensitive information secure offsite. Switching to cloud solutions enabled 94% of businesses to enhance security. 91% claimed that the cloud enabled them to adhere to government compliance needs.
2. Cost savings:
Many feel that switching to data science and cloud computing will put a burden on their finances. The initial cost involved in implementing a cloud-based server is a cause of concern for 20% of organizations.One should take ROI into consideration. Being on the cloud enables all employees to easily access the company’s data, thus saving money and time on project startups.
Cloud computing services offer pay-as-you-go features. This means that you pay only for those features that you require, thus saving a huge amount. This system applies to the data storage space required for servicing your clients and stakeholders.
3. Mobility:
When compared to traditional computing, a cloud system enables corporate data to be accessed using a mobile phone. With 2.6+ billion smartphones used globally these days, it has become important to avail of this feature to stay in competition.
Moreover, employees working from offsite or another location will benefit from this feature and stay updated instantly with co-workers and clients. Freelance employees and sales staff who travel a lot can also receive information.
4. Flexibility:
Being the owner, you have lots of responsibilities to undertake. Perhaps the current IT solution will require lots of undivided attention to data storage and computer issues. In this case, you will have a tough time focusing on the customer experience and achieving business goals.
However, relying on business intelligence and outsourcing IT infrastructure and hosting tasks to external companies can help you save more time. The cloud assures businesses more flexibility, something not possible with local server-based hosting. Such services can meet increasing bandwidth demand. You don’t have to carry out an expensive, complex IT infrastructure update. Thus, your organization enjoys improved flexibility and freedom.
5. Quality Control:
Inconsistent reporting and poor quality may be detrimental to business success. All documents in a cloud-based system get stored in a single format in one place. The same information, including data science, can be accessed by all authorized staff. It helps maintain data consistency, prevents human error, and has a clear record pertaining to updates and revisions introduced.
It can be safely stated that cloud computing offers numerous benefits over traditional forms of computing. Understanding the benefits will enable you to make the right decision to implement it in your organization.
