Cloud computing is a set of technologies that provide users with IT infrastructure via the internet. Cloud-as-a-Service (CaaS) solutions can include – Infrastructure-as-a-Service (IaaS), Software-as-a-Service (SaaS), and Platform-as-a-Service (PaaS).
Cloud Computing in Business
Over the last decade, cloud computing has brought a revolutionary transformation, and we all can see its effects. More businesses increasingly rely upon cloud technologies and cloud management services to improve and run daily operations efficiently and smoothly.
“By the end of 2021, 67% of all enterprise infrastructure will be cloud-based.” – Source
The global market size of cloud computing is likely to grow at a CAGR of 17.5% between 2020 and 2025, going from $371.4 billion to $832.1 billion.
Why are Companies Moving to Cloud?
Let’s discuss a few reasons why several companies are moving to the cloud and why you should too.
1. The Cost-Effective Substitute for In-House IT Infrastructure
Before the cloud, businesses had to spend a hefty amount on establishing an IT infrastructure. Adding to this was the complicated and costly maintenance, needing an in-house team of IT professionals (IT staff).
With series of developments in cloud technology and its growing adoption, many companies now depend upon cloud software solutions for almost all business processes. Cloud significantly reduces the time and costs required to manage operations and the overall functioning of the business.
You can also move your legacy systems to the cloud and manage them better; all you need is a fast and stable internet connection.
2. Provides a Competitive Edge
You might have been planning to improve your strategies or workflows or any other business area that can help your company gain a competitive edge. Moving to the cloud can be a wiser step to attain this goal. Cloud gives access to top-notch technology, be it an SME or a large enterprise. This means businesses can also take advantage of the solutions the cloud provides to MNCs.
With said that, if you adopt cloud solutions for your business, you get a competitive edge that strengthens your firm and enables it to compete with other key players in your industry. This will allow you to not only become a tough competition for your industry peers but also disrupt the market.
3. Enhances Flexibility
Flexibility is one of the basic requirements in the era of modern business. The needs of customers and clients are continuously changing, or more precisely, evolving and increasing with time; this requires companies to adapt to frequently occurring changes. Here, cloud computing can provide the additional flexibility needed to adjust.
Cloud-based services are celebrated across the globe for the level of flexibility they offer. Let’s read a small example for that; if you need to extend your file storage space, your cloud service provider will add more space to your subscription plan without requiring you to purchase physical storage drives.
Besides, the cloud can automate a majority of business functions that consume a lot of time and effort of your staff. Using it can help you free up your human resources from time-consuming, repetitive jobs and utilize them for other value-generating business operations.
4. Ensures Stronger Data Security
In the recent few years, data security has been a massive concern across industries. With time, the government and other regulatory bodies have also introduced new rules and regulations to ensure stronger protection from data breaches or theft. Although many companies are still reluctant to cloud adoption as they believe they will put their data at risk, there are almost zero chances of a threat to data if it is appropriately secured.
Cloud providers walk the extra mile to protect the user data; they use robust encryption and various other data security measures to ensure your data is stored securely on servers. This makes sure any unauthorized user doesn’t get access to your confidential business information, protecting it against breaches, thefts, and frauds.
5. Supports Disaster Management & Business Continuity Plans
Downtime is something you never want to experience. Moreover, legacy IT infrastructure is likely to be more prone to fail under certain circumstances. Technical or system failures can cause considerable damage to your business and increase the risk of irreversible data loss.
However, you can handle such situations better by having cloud solutions in place. In challenging times, the cloud ensures you have adequate arrangements to assure business continuity. When you store all your data on cloud servers and experience a system failure, you can access it anywhere, anytime, using any other computer. All you need is the security password that allows access.
When it comes to natural calamities that have the potential to physically destroy a company’s equipment, IT infrastructure, and even the entire building, the cloud remains unaffected. With having most of your business data and processes running on the cloud, disaster recovery becomes a lot simpler, and you can retrieve all the data exactly the way you left it.
All this helps make business continuity a lot easier than ever before.
6. Provides Hybrid Integration Experience
Cloud can be integrated with several other useful tools such as AI- and IoT-powered business applications. Many companies have combined various cloud software programs to improve business processes, functions, and workflows, resulting in enhanced efficiency, performance, and overall productivity.
Besides, by using cloud applications for customer support (for instance, a self-service portal containing all customer data), several businesses have delivered outstanding customer experience and attained superior customer satisfaction and retention rates.
“Nearly half of all companies say improving customer experience and customer satisfaction were the leading influences to start a digital transformation.” – Source
Cloud computing has brought enormous advantages for business owners, allowing them to manage multiple processes, datasets, and projects effortlessly. With SaaS platforms, it has become easier to synchronize multiple teams, departments and streamline operations.
In the fewest words, moving to the cloud (in the current times) can be your next best action to add a competitive edge to your firm. If you want your business to join the cloud computing revolution, Cogneesol can help. With Cogneesol’s business cloud support and various other cloud management solutions, you can manage your cloud infrastructure and business at ease.
To learn more, call us at +1 646-688-2821 or email at info@cogneesol.com.