Cloud Computing has been among the biggest transformers of the business world during the last decade. This technology has revolutionized the business world by giving people access to data and applications, which let’s say it, is pretty much everywhere around nowadays.
Over the last decade, cloud computing has played a major role in the growth of small and medium businesses. Companies are rapidly incorporating this technology to access the latest storage capabilities and distributed computer processing. Cloud computing statistics reveal that it has seen massive growth over the last decade, skyrocketing from a value of the value of more than $6 billion in 2008 to $236 billion in 2020.
In other words, there is no limit to the cloud juggernaut and in the coming years, it will dominate both day-to-day and commercial activities. More and more businesses are planning to increase their spending on cloud computing recently. Why all this interest in this technology? The cloud is facilitating the whole new era of working changing the face of traditional business.
What Is Cloud Computing?
Cloud computing is the on-demand delivery of computer services. It enables companies to access storage, servers, networking, databases, analytics, software, applications, rather than developing your own computing infrastructure. Your data will be located anywhere over a network of computers and that is why it is called a Cloud.
Cloud-based software development services (SaaS) allow users to get access to applications and data distributed on computing resources (processing power, data storage, memory). This technology has made it easier for businesses to collaborate with different levels of organizations and individuals associated with them.
Let’s take a look at how cloud computing is transforming the face of the traditional business world.
1- Unified & Secure Communications
Business platforms that run from the cloud offer and smooth ad flexible working culture for all the businesses. Cloud-based communication systems help to keep teams connected by bringing the staff and employers on one platform, rather than wasting energies on dispersed platforms across different platforms.
In an organization, work productivity increases when staff members can instantly access information and can connect with anyone in the office. Cloud-based communication systems provide one platform which all the members can access for instant messaging, phone calls, video calls, conferencing- this, in turn, saves a lot of time and also maximizes the productivity of the staff.
2- Increased Efficiency of Operations
Gone are the days when companies had to purchase and hide their servers. Nowadays, companies can simply alter cloud providers such as Microsoft Azure or Amazon Web Services.
Cloud computing enables companies to scale their computing needs for the business. The technology has even more benefits for large companies. Big companies like Toyota is planning to use Microsoft Azure to transform their cars into “connected platforms.” They will leverage this technology to connect their cars with applications, thus adding great value to the customers.
Moreover, cloud-based communication systems also play a vital role in developing a healthy and trusting agile work ecosystem.
2- EffectiveCustomer Support
Nowadays, only those businesses are successful which has efficient customer support. There are thousands of companies and customers have a lot of options out there. They connect with companies that provide quick services and which can provide quick services anytime in a day.
Cloud computing makes the customer support system fast, more flexible, and efficient. Many of the outsourcing companies have already incorporated cloud-computing into their systems which have made it easier to connect and share information with the customers in seconds. It has enabled them to access any type of information within seconds and provide it to the customers.
3- Reduced Infrastructure Costs
As the COVID-19 pandemic continues, more and more people are working from home. In the future, companies can benefit from cloud computing due to reduced infrastructure costs by rotating employees between home and office. Cloud-based business models don’t need big offices, cabins, and everything in it that saves a lot of money.
This is particularly beneficial for startups who can’t afford big offices and the other expenses associated with them. Cloud computing allows team members to connect through cloud services such as AWS or Azure. Thus, SMBs can begin with reduced infrastructure costs and expand their business with less investment through cloud-based computing services.
4- Transforming the Work Modes
Cloud Computing provides a single platform where business people belonging to different industries can collaborate and manage their supply chains without any complications. For instance, cloud computing can optimize transportation planning to turn them into a transportation planning community.
In simple words, if you don’t update your supply chain with the cloud, you won’t be able to connect with other vendors and participants and access or share information with them.
5- Provides Financial Insights
More and more SMBs and enterprises are shifting towards cloud technology to make their supply chain system smooth without any interruptions. Businesses are also making it an integral part of their financial operations as it helps them to manage their finances more effectively and achieve their long-term goals.
6- Improved Security Considerations
There has been a concern over the years that cloud- computing is not secure. However, over the years, cloud services have improved their safety records. Due to advancements in cloud technology, now all the data is end-to-end encrypted, which means cloud networks are more secure than ever. Nowadays, all the cloud-based systems adhere to GDPR legislation, ensuring the protection of users’ data and sensitive information. Though cloud services have improved their security, it still remains a concern for some companies.
All these benefits suggest that if you are planning to bring transformation in your business and want to maximize productivity, then the cloud is the most logical and optimal solution. As modern businesses are becoming more and more competitive, cloud technology has become critical to facilitate efficiency and productivity across the workforce.
If you are thinking about moving to the cloud, or need a cloud-based IT solution, Mobylogix can be your partner.