5 Advantages of Cloud Computing in Business and How to Handle Them

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(Newswire.net — February 6, 2018) — Cloud computing is approximately two decades old and despite the evidence of improved business efficiencies, better competitive edge and the cost benefits it offers, there are still businesses that operate with the old method.

In this study by International Data Group, about 69% of businesses are operating their services with cloud technology, while 18% of business owners say they intend to migrate to the cloud at some point.

Similarly, Dell reports that companies investing in cloud, big data, security and mobility experience 53% faster revenue growth than competitors in the same industry. Up to 94% of businesses admitted to enjoying a significant improvement in security after migrating to the cloud.

Here are additional advantages to consider cloud computing:

1.      Save costs

Many people are reluctant to switch to cloud because of costs. The initial set-up cost may be significant, but it automatically reduces operational costs once in place. The return on investment (ROI) is worth it, and cloud-based data saves you time and money. Your company will also save money on power and securitydue to convenience.

2.      Security

The old system of data storage is fraught with inconvenience and vulnerability. However, there are some people who are cynical about cloud security because of online hackers. Contrary to popular opinion, breaching cloud security is very difficult, more so if you are being hosted by a reliable service provider. It is their responsibility to provide 24/7 protection for your business data.

3.      Convenience and flexibility

As a business owner, there is only so much you can attend to at the same time. If your current IT arrangement is forcing you to focus much of your attention on data storage and troubleshooting functions, then you are probably underserving your customers.

With the right cloud hosting service, you can leave the gritty work to experts and face your business’ core objectives. This means better customer service and increased productivity without IT hassles.

4.      Mobility

Cloud computing allows users to access relevant business information via their smartphones and mobile devices. Considering that there are over 2.6 billion smartphone users in the world today, the cloud strategy is a smart way to connect with your stakeholders.

The platform offers a convenient and easily accessible way for staff to communicate with each other, and sales team can obtain client information without needing to reach the office first. It is a universally acceptable solution for data use and sharing.

5.      Get insight

In the current digital age, being informed automatically gives a business competitive edge over its rivals. Behind the millions of data that surround your clients’ transactions and business practices are pieces of valuable, practical information waiting to be mined and used.

The cloud allows you collate and analyse customer data, so your business can serve them better. Are you an online business? Knowing why certain groups of customers prefer to shop at a specific time can inform subsequent strategies for your company.

Are you sold by cloud analytics? If you are still operating with physical infrastructure, start the new year by migrating to the cloud.