Does your business have its head in the clouds? Well, it should!
In 2020, 50% of companies moved more of their workload onto the cloud. It’s no secret, the pandemic has sped up the adoption of cloud-based technologies. Businesses worldwide are moving away from on-premise solutions as work-from-home becomes the new norm. In 2018, the cloud computing market was valued at $272 Billion, it’s now at a staggering $330 Billion and is expected to grow at a compounding rate of 18%.
Businesses have adapted to in-person meetings becoming zoom meetings, utilising online file storage as opposed to local storage and upgrading their entire business to an ERP. Similarly, staff have up-skilled and begun using the full capabilities of CRM’s to give their teams visibility during these remote working times. Cloud systems are helping businesses thrive, not just survive.
Let’s take a look at just some of the ways businesses are transforming thanks to cloud computing:
Half of all CIOs and IT leaders surveyed by Bitglass reported cost savings in 2019 as a result of using cloud-based applications. Most cloud-based systems are modular, meaning you only pay for the cloud components needed. There is also less room needed for bulky file storage devices and on premise computing power. Most importantly, the ease of access to all information from individual devices saves valuable staff time.
RapidScale claims that 94% of organizations saw an improvement in security after upgrading to the cloud, and 91% said it was easier to meet government security standards. By utilising encryption, data is protected from hackers or anybody who doesn’t have the appropriate permissions. As an additional safety effort, with most cloud-based platforms, 2-factor authentication, strong password policies, idle session logout time and user-based access can all be enforced.
There are over 2.6 Billion smartphones being used every day, and it’s a lot faster to have people working from where they are in comparison to having to have everyone collaborate in a central location. Cloud based productivity gives a level of freedom that our forefathers could only dream of. Work from home, work from the café, work from the client site, work from the office, work from the warehouse, the possibilities are endless.
Rather than embarking on expensive and complex upgrades to your IT infrastructure, cloud-based systems and scale up and down with your business growth. Extra modules, bandwidth and data storage can be changed to quickly meet business demands. Plus, automatic software updates mean companies are always using the latest version without having to manually upgrade anything on their end. This saves in-house IT departments hours.
Poor quality data and inconsistent reporting are poison to company growth. In a cloud-based system, all information is stored in one central location and in a single format. Clear and accurate data for all! With everyone accessing the same information, data consistency is maintained, human error is avoided, clear records of any revisions are kept.
Loss Prevention & Data Recovery
FUN FACT: There are over 10,000 laptops reported lost every week at major airports (Prior to COVID of course). If that data exists only on those machines, the very essence of that business is lost.
While there’s no way to prevent or anticipate all possible disasters that could harm an organisation, Cloud systems can certainly help quicken the recovery: Staff can simply turn on new devices, log on and access the business data.
Cloud Computing Systems are here to stay for the benefit of everyone involved (except those who sell on-premises solutions). They’re helping businesses move faster, be more flexible and stay safer. The businesses that delay cloud adoption are the same businesses that have their training videos stored on VHS cassettes. Your move!