Why Businesses Should Make Cloud their Number One Priority
In the initial days of business technology adoption, many companies were using technology only as a supporting tool for their operations. But today, these companies are turning their technology ecosystem into a mainstream revenue source.
If you were to enquire about the most influential tech that spurred such a digital innovation for businesses of all sizes in the past decade, the answer will be cloud computing. The world of digital was thrown open for SMBs primarily with the growth of cloud computing over the last 10 years. Experts say that on a global scale, cloud-hosted workloads have grown from 45% in 2018 to 60% in 2019.
In the wake of the COVID-19 pandemic, businesses have started realizing more about the advantages of cloud-hosted digital channels. 57% of businesses that were surveyed recently report that their cloud adoption has increased anywhere between 26-31% after the pandemic’s strike.
Besides, the growing digital-savvy consumer base is more than happy to welcome cloud-powered digital channels launched by their favorite brands. So businesses cannot turn away from the cloud-enabled customer and employee engagement channels.
There are several factors that make cloud-based IT services the need of the hour. This post explores the top 3 reasons that accelerate cloud adoption among businesses:
1. Cost advantage
With cloud computing, an enterprise has the option to pay for only what they use from a technology perspective (pay per use). It could be anything from the number of users, storage capacity, computing power, bandwidth, or any combination of these.
Unlike the traditional model of building an on-premise technology ecosystem that serves a large workforce to run critical business applications within a business premise, companies can tap into the power of modern-day digital platforms powered by Cloud, with just a web browser or through a mobile app or mobile site. This brings in a huge reduction in the IT operational costs and is one of the key reasons for the growth of cloud computing over the years.
2. Freedom to scale at will
For most businesses today, the rate of growth of their business will be highly dynamic in nature. There may be sudden spikes of consumer demand according to seasonal events like for example, retailers facing increased consumer spending during the holiday season. As with the spike, there may be periods of very low sales or growth volumes depending on various factors like for example the reduced spending by consumers during the COVID-19 pandemic.
The traditional model of having a dedicated in-house digital platform to handle operations would thus require you to invest in installing high power machines and processing power at all times to meet surges in demand even though the surge will only be witnessed occasionally. With cloud-based digital platforms, businesses have the freedom to scale up or down depending on demand from their end consumers. They do not have to maintain any dedicated infrastructure, pay for full performance all through the year, or waste computing power without purpose.
For instance, InfinCE’s cloud-based remote work collaboration platform offers you a dedicated IT infrastructure that’s well supported, maintained, and upgraded by us from time to time. This saves you from making any additional investments to spruce up your infrastructure forced by your public cloud service provider.
3. Access to Continuous Innovation
One of the major disadvantages of on-premise software is that they turn obsolete in very short time frames. Newmarket innovations happen almost yearly or at even shorter time frames. This will force businesses to continuously invest in buying newer systems every year to keep up with competitors in terms of features. Cloud-based software on the other hand guarantees you access to a digital platform that will be constantly upgraded by the service provider based on market trends.
As a business owner, you do not have to focus on R&D for identifying trends, incorporating newer features, and expanding the scope of the platform. All of these would be done by the service provider and offered to you instantly when the new feature is rolled out by them to the market. Be it AI or ML, big data analytics based insight generation or implementing blockchain, IoT, etc. your business will enjoy access to all emerging technological capabilities without having to worry about integrating the same to your digital channels.
Cloud-based technology infrastructure and applications will reshape the business world in more ways than one. As a business owner, your aim should be to pick the best cloud platform to manage and grow sustainably. Here is where InfinCE can be the game-changer. Some of the world’s growing SMBs trust InfinCE to handle their online work collaboration seamlessly. With capabilities such as CRM, ERP, private email, virtual private servers, custom website builder, marketing automation, etc. all available in one place, InfinCE is your one-stop destination to transition fast into a cloud-first business.
Get in touch with us to know how you can leverage this all-in-one collaboration platform to manage work from anywhere.