7 Advantages of Cloud Computing for Businesses
The advantages offered by cloud computing products over traditional computing are many. That is businesses can forget about managing servers and data centers and dealing with the sensitive and costly issues of technical support, software updates and computer hazards. And instead companies can focus on business. It sounds easy and affordable, and it’s the most popular technology trend today.
Through cloud computing key IT resources for any company such as servers, storage, databases, and software can be accessed over the cloud i.e. internet.
But is cloud really beautiful?
Information management has changed hand in hand with technology and its new platforms, such as cloud computing or cloud data management. Now it is more feasible to have a service like this, taking into account that computer threats stalk companies every day.
With the growth of the company, information becomes an important asset and it becomes necessary to have a Cloud service for data protection, which flexibly optimizes resources and profitability in your business budget.
And here are the seven main reasons why cloud computing service are advantageous to your company:
1. Cost savings
It allows you to reduce capital expenditures (CAPEX). And it is possible to replace expensive investments in infrastructure, software licenses, technical staff etc. with convenient monthly payments.
For example, it is estimated that migrating e-mail to a cloud solution can bring a company savings of around 30%, while migrating the CRM (Customer Relationship Management) system to the cloud can save of up to 25% (Source: Forrester).
Check out: Low cost cloud storage for personal use
Cloud solutions are pay as you use payment model.
It can evolve from simpler solutions to more complex applications as the processing, storage and backup needs of the business increase.
4. Accessibility and Mobility
It allows access to the services and information stored in the cloud applications from anywhere over the Internet, using any internet connected device, mainly – PCs and mobile devices.
The cloud service provider is responsible for data protection, security of the information contained in its systems and disaster recovery.
6. Up-to-date technology
The service provider is responsible for updating and improving the systems, ensuring that the company has access to the latest technology without having to invest effort in its development.
7. Focus on growing the business
It allows the company to concentrate on managing its business, reducing the effort and resources needed to manage systems.
The bottomline is that the cloud not only makes a business more effective, but also gives businesses an opportunity to radically transform their business model.
This article has been written by Chandra Mehta.
Chandra is a seasoned banker with 35+ years of experience in banking and financial services industry. He’s a retired banker and has served as Chief Manager and Assistant Vice President in State Bank of India/or its subsidiaries. He has authored many articles on this site (allonmoney.com).