What is Cloud Computing?
Benefits of cloud computing solutions include:
Flexibility: Your business has only a finite amount of focus to divide between all of its responsibilities. If your current IT solutions are forcing you to commit too much of your attention to computer and data-storage issue, then you aren’t going to be able to concentrate on reaching business goals and satisfying customers. On the other hand, by relying on an outside organization to take care of all IT hosting and infrastructure, you’ll have more time to devote towards the aspects of your business that directly affect your bottom line.Cloud solutions offer businesses more flexibility overall versus hosting on a local server. And, if you need extra bandwidth, a cloud-based service can meet that demand instantly, rather than undergoing a complex (and expensive) update to your IT infrastructure. This improved freedom and flexibility can make a significant difference to the overall efficiency of your organization.
Mobility: Cloud computing allows mobile access to corporate data via smartphones and devices, which, considering over 2.6 billion smartphones are being used globally today, is a great way to ensure that no one is ever left out of the loop. Staff with busy schedules, or who live a long way away from the corporate office, can use this feature to keep instantly up-to-date with clients and coworkers. Through the cloud, you can offer conveniently accessible information to sales staff who travel, freelance employees, or remote employees, for better work-life balance. Therefore, it’s not surprising to see that organizations with employee satisfaction listed as a priority are up to 24 percent more likely to expand cloud usage.
Insight: As we move ever further into the digital age, it’s becoming clearer and clearer that the old adage ‘Knowledge is power’ has taken on the more modern and accurate form: ‘Data is money.’ Hidden within the millions of bits of data that surround your customer transactions and business process are nuggets of invaluable, actionable information just waiting to be identified and acted upon. Of course, sifting through that data to find these kernels can be very difficult—unless you have access to the right cloud computing solutions.Many cloud-based storage solutions offer integrated cloud analytics for a bird’s-eye view of your data. With your information stored in the cloud, you can easily implement tracking mechanisms and build customized reports to analyze information organization-wide. From those insights, you can increase efficiencies and build action plans to meet organizational goals. For example, the beverage company Sunny Delight was able to increase profits by about $2 million a year and cut $195,000 in staffing costs through cloud-based business insights.
Increased collaboration: If your business has two employees or more, then you should be making collaboration a top priority. After all, there isn’t much point to having a team if it is unable to work like a team. Cloud computing makes collaboration a simple process. Team members can view and share information easily and securely across a cloud-based platform. Some cloud-based services even provide collaborative social spaces to connect employees across your organization, therefore increasing interest and engagement. Collaboration may be possible without a cloud computing solution, but it will never be as easy, nor as effective.
Quality control: There are few things as detrimental to the success of a business as poor-quality, inconsistent reporting. In a cloud-based system, all documents are stored in one place and in a single format. With everyone accessing the same information, you can maintain consistency in data, avoid human error, and have a clear record of any revisions or updates. Conversely, managing information in silos can lead to employees accidentally saving different versions of documents, which leads to confusion and diluted data.
Disaster recovery: One of the factors that contributes to the success of a business is control. Unfortunately, no matter how in control your organization may be when it comes to its own processes, there will always be things that are completely out of your control, and in today’s market, even a small amount of unproductive downtime can have a resoundingly negative effect. Downtime in your services leads to lost productivity, revenue, and brand reputation.
Loss prevention: If your organization isn’t investing in a cloud-computing solution, then all of your valuable data is inseparably tied to the office computers it resides in. This may not seem like a problem, but the reality is that if your local hardware experiences a problem, you might end up permanently losing your data. This is a more common problem than you might realize; computers can malfunction for many reasons, from viral infections, to age-related hardware deterioration, to simple user error. Or, despite the best of intentions, they can be misplaced or stolen (over 10,000 laptops are reported lost every week at major airports).If you aren’t on the cloud, you’re at risk of losing all the information you had saved locally. With a cloud-based server, however, all the information you’ve uploaded to the cloud remains safe and easily accessible from any computer with an internet connection, even if the computer you regularly use isn’t working.
Automatic software updates: For those who have a lot to get done, there isn’t anything more irritating than having to wait for system update to be installed. Cloud-based applications automatically refresh and update themselves, instead of forcing an IT department to perform a manual organization-wide update. This saves valuable IT staff time and money spent on outside IT consultation. PCWorld lists that 50 percent of cloud adopters cited requiring fewer internal IT resources as a cloud benefit.
Competitive edge: While cloud computing is increasing in popularity, there are still those who prefer to keep everything local. That’s their choice, but doing so places them at a distinct disadvantage when competing with those who have the benefits of the cloud at their fingertips. If you implement a cloud-based solution before your competitors, you’ll be farther along the learning curve by the time they catch up. A recent Verizon study showed that 77 percent of businesses feel cloud technology gives them a competitive advantage, and 16 percent believe this advantage is “significant.”
Sustainability: Given the current state of the environment, it’s no longer enough for organizations to place a recycling bin in the break-room and claim that they’re doing their part to help the planet. Real sustainability requires solutions that address wastefulness at every level of a business. Hosting on the cloud is more environmentally-friendly, and results in less of a carbon footprint.
Cost savings: If you are worried about the price tag that would come with making the switch over to cloud computing, you aren’t alone; 20 percent of organizations are concerned about the initial cost of implementing a cloud-based server. But those who are attempting to weigh the advantages and disadvantages of using the cloud need to consider more factors than just initial price; they need to consider ROI.Once you’re on the cloud, easy access to your company’s data will save time and money in project start-ups. And, for those who are worried that they’ll end up paying for features that they neither need nor want, most cloud computing services are pay-as-you-go. This means that if you don’t take advantage of what the cloud has to offer, then at least you won’t have to be dropping money on it.
The pay-as-you-go system also applies to the data storage space needed to service your stakeholders and clients, which means that you’ll get exactly as much space as you need, and not be charged for any space that you don’t. Taken together, these factors result in lower costs and higher returns. Half of all CIOs and IT leaders surveyed by Bitglass reported cost savings in 2015 as a result of using cloud-based applications.
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