TOP 10 BENEFITS OF CLOUD COMPUTING TO BUSINESSES

A study by Dell has revealed that businesses who invest in big data, cloud, mobility, and security enjoy up to 53 percent faster revenue growth and get more benefits than their competitors. As these figures show, an increasing number of tech-savvy businesses and industry leaders are realising the many advantages of cloud computing.

Businesses are moving ahead with the increased use of cloud technology. According to a study by Panda Security 48 percent of businesses choose to store their confidential and most important data on the cloud. Despite the cost savings and competitive advantages, a sizable percentage of the corporate sector continues to operate without it.

But they’re also employing technology to operate their businesses more effectively, provide better service to their clients, and boost their total profit margins. Given the obvious direction in which the business is headed, it appears that there has never been a better moment to get your head in the cloud.

The majority of individuals are currently using cloud computing services without even realising it. Cloud-based programmes include Gmail, Google Drive, TurboTax, and even Facebook and Instagram. These apps are just as beneficial for personal use as they are for organisations that need to access massive volumes of data through a secure, internet network connection.

Benefits of Cloud Computing

1. Economic Viability

Cloud storage helps you to access your company’s data easily thus saving time and money especially in the case of start-ups. Most cloud-computing services are pay-as-you-go, which is good news for consumers anxious about overpaying for things they don’t need or desire.
You’ll receive precisely as much space as you need with the pay-as-you-go approach, and you won’t be charged for any space you don’t. When these characteristics are combined, they result in lower costs and greater returns.

2. Data Security

When it comes to implementing a cloud-computing solution, many businesses are concerned about security. A cloud host keeps a close eye on security, which is far more efficient than a traditional in-house system. Employees are responsible for a large percentage of data thefts that occur within.
When this is the case, it may be safer to retain crucial information off-shore. The key to this greater security is the encryption of data being transmitted over networks and stored in databases. Hackers and anyone who aren’t authorised to see data have a tougher time obtaining it when it’s encrypted.

3. Convenient Access

Cloud computing allows corporate data to be accessed from a smartphone or other device. Employees with busy schedules or who live a long distance from the corporate office can use this feature to communicate with clients and coworkers at any time.
You may utilise the cloud to deliver conveniently accessible information to sales workers who travel, freelance employees, or remote employees for better work-life balance. As a result, it’s no surprise that businesses that put employee satisfaction first are up to 24% more likely to expand their cloud usage.

4. Quality Control

Poor quality and inconsistent reporting are damaging to a company’s reputation and growth. All papers are saved in one location and in the same format in a cloud-based system. You can keep data consistent if everyone has access to the same information.
This will also assist to eliminate human mistakes and keep track of any changes or updates. Managing information in silos, on the other hand, might result in employees storing various versions of documents by accident, resulting in confusion and diluted data.

5. Disaster Recovery

Control is one of the characteristics that adds to a company’s success. Unfortunately, no matter how well-run your company’s internal processes are, there will always be factors outside your control, and even a little amount of unproductive downtime may be costly.
Lost productivity, income, and brand reputation are all affected by downtime in your services. Cloud-based services provide rapid data recovery in a variety of catastrophe situations, including natural disasters and power outages. According to a recent poll, 43% of IT executives aim to invest in or upgrade cloud-based disaster recovery solutions.

6. Increased Collaboration

If you have two or more employees in your company, teamwork should be a major concern. After all, it’s pointless to have a team if it can’t work together effectively. Collaboration is made easier using cloud computing.
On a cloud-based platform, team members may simply and securely see and share information. Some cloud-based platforms even offer collaborative social areas to link employees throughout your company, boosting interest and engagement.

7. Loss Prevention

All of your valuable data is inextricably linked to the office computers if your company does not invest in a cloud-computing solution. This may not appear to be a concern, but the fact is that if your local hardware fails, you might lose your data forever.
If you don’t back up your data to the cloud, you risk losing everything you’ve stored locally. With a cloud-based server, however, all of the data you’ve uploaded to the cloud is safe and accessible from any computer with an internet connection, even if your primary computer isn’t operating.

8. Competitive Edge

Even as cloud computing grows in popularity, some individuals want to keep their data on their own machines. That is their decision, but it puts them at a significant disadvantage compared to others who have access to the cloud’s advantages.

If you embrace a cloud-based solution before your rivals, you’ll be farther along the learning curve by the time they catch up. According to a recent Verizon poll, 77% of companies feel cloud technology gives them a competitive advantage, with 16% believing it is significant.

9. More Flexibility

In comparison to hosting on a local server, the cloud gives businesses more flexibility. Furthermore, rather than requiring a sophisticated (and costly) upgrade to your IT infrastructure, a cloud-based provider may be able to supply you with increased bandwidth right now.
This enhanced freedom and flexibility can have a significant influence on the overall efficiency of your firm. You’ll have more time to dedicate to the areas of your business that directly affect your bottom line if you rely on an outside organisation to handle all IT hosting and infrastructure.

10. Predictive Analysis

In the digital age, the ancient adage “knowledge is power” has taken on a new and more accurate meaning: “data is money.” There are nuggets of essential, actionable information waiting to be discovered and acted upon among the millions of bits of data that surround your consumer transactions and business process.
Several cloud-based storage alternatives have integrated cloud analytics for a bird’s-eye view of your data. With your data in the cloud, you can quickly deploy tracking systems and create personalised reports to analyse data across your whole organisation.

Conclusion

If the negative impact of attempting new things is minimal, you will try a lot more things. The more you attempt, the better your chances are of succeeding. Every user and corporation will benefit from a different set of benefits.

The most essential thing we can advise is to consider in a broad sense. Consider the financial benefits as well as the non-monetary benefits, such as increased production, increased speed, and reduced risk.

Perimattic is here for helping you to avail your businesses with these benefits of cloud computing. For any kind of Cloud or AWS Services connect with us at hello@perimattic.com..

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