Cloud technology is rapidly becoming an integral part of organisations throughout the world. Digitised services and core business applications are dominating the workplace and saving businesses millions, connecting the world in a manner that saves time, improves organisational efficiency and maximises data security.
However, moving to the cloud requires a significant amount of corporate restructuring and, as such, many businesses are reluctant to make this change. The following blog will explore cloud technology and some of its key benefits.
What is the Cloud
In simple terms, cloud computing refers to the use of the Internet to store and share data and programs. Using this technology, organisations are able to build a globally connected workforce with data safely secured on server’s half a world away. With access to untapped scalability capabilities through the cloud, managers have access to a multitude of digitised core business applications to drive organisational efficiency, some of which include Human Capital Management, Supply Chain Management, and Accounting system programs.
But why should I care about the Cloud?
Cloud computing is a rapidly evolving industry that has revolutionised the way we work. Companies across the globe have been incorporating cloud technology at an exponential rate. This rate has been growing by approximately 20% per year and, according to Gartner, the cloud market will be worth almost $250 billion in 2017.
Cloud adopters are discovering the benefits of moving to the cloud, some of which include access to employees all over the world, improvements to the reliability of IT systems, reductions in capital expenditure and reduced risk of data loss. Cloud computing is at the heart of organisational transformation that will shape the future business world, and here are some of the benefits.
Work from anywhere
Cloud technology allows you to work from anywhere in the world and almost any device with an internet connection. Data can be accessed, shared and edited to organisations almost as soon as it was collected, allowing teams to work on projects from anywhere in the world.
Cloud based software allows teams to share and edit their work simultaneously through the Internet. Providing unparalleled accessibility capabilities, the Cloud provides teams with the ability to work on projects in real time regardless of their location, unhindered by geographic restrictions.
Security and continued business
Cloud technology maximises data security and improves business continuity (range of data security measures , many layers involved in process of the technology). By storing data on a variety of servers around the world, cloud computing spreads data security across multiple locations, significantly reducing the risk of data loss that could cost companies millions. The cloud also provides accessibility to any device with access to the Internet, therefore improving business continuity as data access and security is not fixed to one single device.
Low entry cost and predictable expenses
Due to cloud software operating mainly on a subscription model, the cloud software provider uses their resources and servers to provide the cloud technology to the end user. This removes the substantial capital expenditure requirements needed to develop and install an on-premise solution.
The cloud is the future
Developing expensive internal systems that require ongoing maintenance and extensive back-up procedures is a thing of the past. Organisations are accelerating business growth and improving productivity by digitising their core business functions through the cloud, taking the necessary steps to effectively compete in this digitally advancing age.