Since the midst of 21st century, the focus on building more and more brands with more and more products has left the market in an unstable state. More competitors in the market mean more available options for the customer.
Hence, the dynamics between the customer and provider is drastically evolving today, necessitating the need for technology to play its role.
From harnessing consumer preferences to streamlining processes, technology has elevated how business is conducted today and cloud computing is the leading instigator to that.
There is no denying the fact that cloud computing has transformed the way one obtains services, bringing a transparent yet flexible medium that connects the world. Majority of all operations take place in cloud at the behest of a decent web connection, making it a profitable place for business to thrive.
This solution is augmenting the various functions of otherwise stagnant operations to maximise on efficiency, a goal that every business aims to achieve.
CEO, Yitsol Technologies, Ram Punamaraju lists down five reasons why businesses should migrate to cloud:
1. Cost efficient
Moving to the cloud is an economical option as it saves the direct cost of purchasing, managing, and upgrading the Information technology (IT) systems on a regular interval. As we all know, maintaining a well oiled IT system involves a greater expenditure in its upkeep. Using the one-time-payment, 'pay as you go' model, along with other customised packages helps convert capital expenditure to operational expenditure, significantly lowering IT costs. Also, one only pays for the resources that are consumed; making it an efficient solution to invest in.
2. Storage space
Storage space has always been an issue that organisations had to fret their minds over, and regular constraints have hindered the process. With cloud, businesses will no longer require file storage, data backup and software programs which take up undue space, as most of the data would be stored in remote cloud servers. Cloud frees in-house space, owing to its expandable framework.
3. Fault resilient
Migrating to cloud not only adds reliability to the systems but also keeps information highly available, reducing redundancy and increasing accountability. Also, cloud service providers have inbuilt recovery and backup systems in place, which helps business avoid significant up-front investments.
4. Scalability
The beauty of cloud computing lies in scalability, that comes off as a great aid. With cloud computing, businesses can easily expand existing computing resources; the ability to optimise resources from the cloud enables them to escape the constant large payments of hardware and software. The flexibility of the cloud-based model assumes there's always some shared resources to tap into as needed, making it adaptable to various business needs.
5. Lean Management
With cloud, businesses can perform their processes in an efficient manner; keeping the variability of the market in mind. Cloud migration streamlines work, helping the workforce to focus on their core task of monitoring the infrastructure and improving them, leading to lean management that drives profitability. Cloud can be accessed over the Internet from any device, as opposed to using private connections for accessing an on-premises solution.