Rapid technology development has provided companies with multiple lucrative solutions for running and developing their businesses. The solution that has been increasingly used by several companies is cloud computing which provides them with a way to manage their resources online. Cloud allows organizations to virtually access their data anytime and anywhere and has completely changed the way businesses are carried out, from working of teams to companies’ interaction with their clients to their future working procedures. Cloud computing has a tremendous impact on businesses, as it offers invaluable benefits to businesses like better insight, improved security, better data management, and above all enhanced employee productivity by automating mundane tasks.
IT departments today have a choice to either invest in expensive centralized infrastructure or can transit to the cloud. Cloud computing is today greatly preferred by several organizations because it offers several advantages over traditional infrastructure. Cloud computing is not just a trendy and innovative solution but is a relatively new business model that suits any type of company. Though many companies may think that it is used just as a backdrop for the running system but in reality, it offers more functions for the company. It is because of the multiple benefits of cloud technology that organizations are growing and getting rapidly transformed without making huge investments in hardware and infrastructures.
Cloud computing has redefined the business functional model and companies do not have to involve in the setup and maintenance of servers, other infrastructures, and data centers. Some other major impacts of cloud computing on businesses include:
Low Cost – The expenses of the company reduce with cloud computing because it works on the concept of pay-per-use. The company takes the resources only when they are required and payment is made depending upon the usage of resources. Cloud computing considerably reduces cost in terms of labor and maintenance costs because the company does not have to purchase or maintain the infrastructure and even the hardware is owned by the cloud service provider and stored off-site, so the company does not have to invest in maintenance staff.
Scalability – It is the major benefit of cloud computing, as cloud service providers are associated with the best data centers for data storage and server resources that can be easily scaled up or down as per the requirements. Companies don’t have to worry about their future demands because they can easily scale up their resources and anytime ask for additional services.
Higher Efficiency and Productivity – Employees don’t have to worry about server upgrades and maintenance and even have the flexibility of working from anywhere using any compatible device. The care of the server resources is taken by the cloud service provider and they also provide a facility for automatic updating. The availability of the resources as per the requirement helps to increase employees’ productivity, and they make use of the latest technology to complete their assigned tasks.
Provides Unlimited Storage – Companies have the option to store huge data on the cloud compared to their local physical storage devices. Nevertheless, companies can even increase their storage capacity when their business grows and more storage space is required. Organizations just have to make requests to increase the storage capacity and use the services.
Disaster Recovery – Cloud service providers have sound disaster recovery plans to help businesses recover faster. Thus companies using cloud services don’t have to prepare complex disaster recovery plans.
Flexibility – Flexibility in the work environment is the prime reason behind the majority of companies using cloud computing. Employees can access their data or documents even while they are off-site or at home, as they can quickly interact with the virtual office and can easily access data whenever required through any web-enabled device.
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