Cloud computing is on the cusp of a major revolution with enterprises quickly moving their work off-premises. Initially, cloud services were offered as Software as a Service (SaaS) models. However, with the voluminous increase in data, the service portfolio is growing through data centers operated by giants such as Amazon, Microsoft, IBM, Google, and Oracle with a major focus on hybrid cloud developments.
With everyday advancements, cloud computing has become within reach and accessible service for businesses everywhere. It has marked new records of success, empowering business applications to be more cost-effective and easy to set out. Right from small, mid-sized businesses to big players, every IT business has embraced a more sophisticated way to run operations through the cloud.
Good practices with the best technology are always needed to make out most from a business process. Hence, we bring you a list of cloud computing benefits that would surely give a boost to reshape your existing business strategies.
The cloud computing services favor with the vital and most emphasized benefit for any enterprise, i.e., the cost-effectiveness. Yes, the introduction of cloud management services to businesses has marked a significant number of cost reductions in, IT infrastructure, software, technical staff requirement, IT maintenance and operational processes. The backbone of the benefits being easy to access hardware and software platforms with no upfront capital investments. This enables small and mid-sized businesses to save more in above-noted expense heads.
2) Simplicity of Usage and Accessibility
Many of the businesses need work and reports that can be made available from any location apart from the office desk. Cloud computing services do benefit its users to access and work on the data by accessing it easily from anywhere. This need of employees and businesses to have access from distant sites as well as the increasing number of online transactions demands a cloud computing solution, and cloud services do it very well for them.
3) Security and Privacy
Every organization in today’s scenario needs an effective control over their data to make sure the data is safe and sound from any of the external malicious threats. The cloud services security wins here too. It has best of the encryption and authentication strategies and developed tools that gives full access and control of the data to the concerned party. This makes sure that the data is easily and readily accessible with all the security features enabled.
4) Improved Business Speed and Agility
By virtue of all the features of cloud management services, businesses can be handled in a more sophisticated. Cloud services have undoubtedly taken the speed and alertness in the business operations to a whole new different level. The only prerequisite to making it efficient is to deal with proper input data, data processing, analysis and implementation of the results.
5) Reduced Product/ Service Development Lead Time
The cloud management services have added a feather touch in the development life cycle of the products and services offered by organizations. The lengthy and critical design, validation and testing activities can be accomplished and monitored in a unique way with the aid of cloud computing tools. The evolution of the root processes has helped businesses to reduce the product development cycle time exceptionally and as a result, the market witnesses launch of new products and services with every rising sun.
6) Improved Customer Engagement and Satisfaction
The cloud management services serve the clients with many of the most desired outcomes. These outcomes have improved every single segment of business operations. Improved process control has given birth to a new generation of products and services that are satisfying the end users like never before. This satisfaction of the clients has resulted in increased number of the customer database, growing exponentially.
Here is a video from IBM which helps us understand how cloud services are transforming different industries globally.
Cloud computing is significantly impacting businesses at micro as well as application level. For large organizations where scalability is a concern, public and private cloud have become the platform of choice. According to Cisco, 74 percent of the total cloud workloads will be software-as-a-service (SaaS) by 2020. Cloud computing helps businesses to accelerate innovation and engage more closely with their customers. Cloud services deliver better operational excellence and are becoming a key factor in formulating business strategies irrespective of the size and type of business globally.