Important Benefits of Cloud Computing That You Should Know
Cloud Computing Benefits:
Cloud computing has existed for nearly two decades. Despite the fact that it offers many benefits, including cost-benefits and competitive advantages, large numbers of businesses continue to use it without realizing them. A study by International Data Group found that 69% of businesses already use cloud technology in some capacity, while 18% plan to adopt cloud computing solutions at some point. According to Dell, companies that invest heavily in big data, cloud and mobility enjoy a 53% higher rate of revenue growth than their competition. This data shows that a growing number of tech-savvy companies and industry leaders are recognizing the many benefits of cloud computing. They are also using the technology to improve their businesses, serve customers better, and increase their overall profit margins.
94% of businesses reported an increase in security following the switch to cloud computing.
This all seems to suggest that, given the direction the industry is heading in, it’s never been more important to get your head in the cloud.
Cloud computing has been gaining popularity in recent years. It is becoming increasingly difficult for organisations and individuals to keep their critical information, programs and systems running on their own computers, due to the rapid increase in data usage that has accompanied the transition into the digital 21st Century. This problem has been solved for almost as long as the internet. Cloud computing play important role in problem solving on the internet. However, it has just recently become widely used by businesses.
Cloud computing works on the same principle as a web-based email client. Users can access all the features and files without needing to store the majority of that system on their computers. Many people use cloud computing services, even though they don’t know it. Gmail, Google Drive and TurboTax are all cloud-based apps. Users send their personal data to the cloud-hosted server, which stores it for later access. These applications are useful for personal use but even more so for businesses who need to access large quantities of data via an online connection.
Employees can, for example, access customer information via cloud CRM software like Salesforce using their smartphones or tablets at home or abroad. It’s a huge benefit of cloud computing. They can also share this information quickly with authorized parties around the globe.
There are still leaders who are hesitant to commit to cloud computing solutions for their organizations. We’d like to share the 12 benefits of cloud computing with you in a few moments.
1. Cost Savings
You are not the only one who is concerned about the cost of cloud computing. 20% of organizations are also worried about the initial costs of cloud computing. However, those trying to evaluate the benefits and drawbacks of cloud computing need to look beyond the initial cost. They also need to consider the ROI.
Cloud computing will allow you to save time and money on project startup by allowing you easy access to your company’s data. Cloud-computing services can be paid as you go, so it’s not a concern that you’ll have to pay for features that you don’t need or want. If you don’t use the cloud’s features, you won’t be spending money.
Pay-as-you go also applies to the data storage space required to service your clients and stakeholders. This means you will get the exact amount you need and you won’t be charged extra for space you don’t use. These factors combine to bring lower costs and better returns. Bitglass surveyed half of the CIOs and IT leaders who reported that cloud-based applications resulted in cost savings for 2015.
2. Quality Control
Poor quality reporting is one of the biggest hindrances to a company’s success. All documents can be stored in one location and in one format in a cloud-based platform. You can keep data consistent, avoid human error, and keep track of revisions and updates by having everyone access the same information. However, if the information is managed in silos, employees may accidentally save different versions of documents. This can lead to confusion and diluted data.
Cloud computing is a popular option for many organisations. How can you be sure that files, programs and other data are protected if they’re not kept on-site? What’s to stop a cybercriminal from accessing your data remotely?
One, the cloud host’s primary job is to monitor security. This is significantly more efficient than an in-house system where organisations must split their efforts among a multitude of IT issues. While most businesses aren’t open to the possibility of data theft within their organization, a shockingly large percentage of data thefts happen internally and are committed by employees. It can be safer to keep sensitive information offsite when this is true. This is obviously abstract. Let’s look at some solid statistics.
RapidScale claims 94% of businesses experienced an increase in security when switching to the cloud. 91% also claimed that the cloud made it easier for them to comply with government regulations. This increased security can be attributed to the encryption of data that is transmitted over networks and stored on databases. Encryption makes your information less accessible to hackers and anyone else who is not authorized to see it. Cloud-based services can have different security settings depending on who is using them. Only 9% of cloud users can claim disaster recovery within four hours, while 20% of cloud users are capable of doing so in less than four hours.
According to Dell, companies that invest heavily in big data, cloud and mobility see up to 53% higher revenue growth than their competition.
Cloud computing provides mobile access to corporate data via smartphones or devices. This is an excellent way to make sure that everyone is included, especially considering there are over 2.6 billion smartphones worldwide. This feature is available to staff with hectic schedules or those who live far from the corporate office to stay in touch with clients and colleagues.
The cloud allows you to provide easily accessible information to remote sales employees, freelance workers, and other employees who are travelling for a better work/life balance. It’s no surprise that companies with employee satisfaction as a priority are 24% more likely than others to increase cloud usage.
As we continue to move into the digital age, it becomes clearer that “knowledge is strength” is no longer the best adage. Data is money. There are valuable, actionable nuggets hidden within the millions of data about your customers and business processes. It can be difficult to sort through all that data and find the kernels if you don’t have the right cloud computing solution.
Cloud-based storage solutions often offer cloud analytics, which allows you to see your data from a bird’s eye view. You can track your data and create customized reports to analyze information across the organisation. These insights can help you increase efficiency and create action plans to achieve your organisational goals. Sunny Delight, a beverage company, was able to increase profits and reduce staff costs by using cloud-based business insight.
6. Increased collaboration
Collaboration should be a priority for any business with more than two employees. It is not worth having a team that isn’t able to work together. Collaboration is made easy by cloud computing. Cloud computing makes collaboration easy for team members. They can securely view and share information across the platform. Cloud-based services can even offer collaborative social spaces that allow employees to interact with each other, increasing engagement and interest. Although collaboration is possible with or without cloud computing, it won’t be as efficient nor easy as with a cloud-computing solution.
Your company has a limited amount of resources to allocate between its various responsibilities. Your current IT solutions will make it difficult for you to focus on customer satisfaction and business goals. Relying on an outside company to manage your IT infrastructure and hosting will allow you to spend more time on the areas of your business that directly impact your bottom line.
Cloud hosting offers more flexibility than hosting on a local server. Cloud-based services can provide extra bandwidth instantly and without the need for a costly (and complex) upgrade to your IT infrastructure. This increased freedom and flexibility can significantly improve the efficiency of your company. According to InformationWeek, 65% of respondents said that “the ability to respond quickly to business needs” was the main reason a company should migrate to the cloud.
8. Disaster recovery assistance
Control is a key factor in determining the success of any business. No matter how well-informed your company is about its processes, there are always things out of your hands. In today’s market, even small amounts of downtime can have a devastating effect. Your services’ downtime can lead to loss of productivity, revenue, or a bad reputation.
While there are no ways to avoid or anticipate disasters that could harm your organization, there are things you can do to speed up your recovery. Cloud-based services offer fast data recovery in all types of emergency situations, including natural disasters and power outages. Only 9% of non cloud users can claim disaster recovery within four hours, while 20% of cloud users can claim it in less than four hours. Recent surveys revealed that 43% of IT executives plan to invest in cloud-based disaster recovery systems.
Only 9% could claim the same, whereas 20% of cloud users can claim disaster recovery within 4 hours or less.
9. Loss Prevention
Your valuable data will be tied to your office computers if your company doesn’t invest in cloud computing. Although this may seem like a problem it could lead to permanent data loss if the hardware fails. Computer malfunctions can be a common issue. This could be due to viruses, hardware damage, user error, or simply human error. They can also be lost or stolen, even though they are often misplaced.
You could lose all your information if you don’t have access to the cloud. A cloud-based server means that all information uploaded to it is safe and accessible from any computer connected to the internet.
10. Automatic Software Updates
There is nothing more frustrating than waiting for system updates to be applied to those with a lot of work. Cloud-based apps automatically update and refresh themselves. This saves IT departments from having to do a manual update across the entire organisation. This saves IT staff valuable time and money on consulting outside IT. PCWorld reports that half of the cloud users cite the cloud’s ability to use fewer IT resources internally as a benefit.
11. Competitive Edge
Cloud computing is becoming more popular, but there are still people who prefer to keep everything local. While they have the option to do so, it puts them at a disadvantage when compared with others who can access the cloud. You’ll learn more quickly if you adopt a cloud-based solution than your competitors. According to a Verizon survey, 77% of businesses believe cloud technology gives them an advantage. 16% also think this advantage is important.
It’s not enough for organizations to simply place a recycle bin in their breakroom to claim they are doing their bit to save the environment. Sustainable business requires solutions that reduce waste at all levels of the company. Cloud hosting is more eco-friendly and leaves less carbon footprint.
Cloud infrastructures promote environmental proactivity by powering virtual services instead of physical products and hardware. This reduces paper waste and improves energy efficiency. It also allows employees to access the internet from anywhere. Based on cloud computing and other virtual data options, a Pike Research report forecasts that data centre energy consumption will decrease by 31% between 2010 and 2020.