The Cloud is the buzzword in IT world at this moment in time, however it can be bit strenuous for businesses to complete understand what does Cloud exactly means and how they make most of it to streamline their business processes.

The place of work and usage of latest in IT are two key aspects of everyday business operations, which are undeniably evolving rapidly in this day and age. Advancement in technology has led to businesses irrespective of their shape and size to adopt cloud to the benefit of their employees, clients, business partners and stakeholders.

Be it a start up or a multinational company, each and every business have to deal with IT requirements, such as email, data storage and upgradation of software packages for accounts and CRM etc.

Let's have a closer look at key benefits for shifting gears to the Cloud:

Business Agility: Through cloud computing services and projects can be delivered more swiftly, cost effectively and efficiently. This gives businesses a competitive edge over their competitors. Cloud-based solutions enable businesses to remain up and running all the time. And, this may not be possible in case of traditional hardware or software solutions. Undeniably, it can be of great benefit for the new businesses starting out as well as for existing businesses that are looking forward to new markets or adding to their service portfolio.

Overhead Cost: It is often being assumed by businesses that once they move to cloud there will be an immediate reduction in overhead cost. However, the real benefits of cloud from a monetary perspective is not around cost saving but it is more to do with a dramatic shift from capital to operational expenditure. Smooth cash flow is aided simply by the fact that there is no upfront capital expenditure with payments for cloud-based solutions typically being billed on a monthly or hourly basis. Hence, businesses can make short-term investments in fresh projects without the fear of losing a huge upfront investment. Moreover, cloud gives the benefit of only paying for what you use which is an attractive deal for businesses.

Flexibility and Productivity: Anytime, from anywhere access across a wide array of devices, this attribute of cloud-based services will enable your employees to perform their duties in a well-organized manner leading to augmented business productivity.

New Business Models: Cloud enables businesses to be pioneering in their offering to clients, generates new value propositions and ultimately triples their revenue streams. Traditional businesses can adopt the cloud technology to add value to their services. For instance, cloud has transformed the banking sector wherein banks can now use services based on software as service to remotely manage the accounts from the comfort of their own office.

Better utilization of IT resources: Cloud-based services have another added advantage that common IT tasks such as updates and upgrades are carried out by the cloud service provider. This unique feature of cloud will enable your IT staff focus on other projects that would be more critical for your business.

 

In a nutshell, would say that each and every business is unique. Hence, each aspect of IT within a business should be dealt with individually while analyzing the pros and cons of shifting gears to the Cloud. Cloud is here to stay for long and businesses should be quick to explore the benefits of Cloud in order to be more plugged-in and to stay ahead of the curve.