Finding ways to get ahead of the competition is more important than ever for businesses in the modern day. Competition has grown increasingly fierce over the years, and many businesses have lost their competitive edge due to the oversaturation of their markets. However, technology has presented unique opportunities that few businesses are truly taking advantage of.
In particular, cloud computing has the potential to revolutionize the way in which businesses conduct their day-to-day operations. Currently, 67% of enterprise infrastructure is cloud-based, so there is still time to setup before the competition. On top of this, even though many businesses have already migrated to the cloud, it’s entirely possible they aren’t making the most of their setup. Learn everything there is to know about cloud computing and the unique benefits it can bring to a business when utilized properly.
What is Cloud Computing?
For those businesses who have never heard the term before, cloud computing refers to the on-demand delivery of IT resources through the Internet, as opposed to on-site connections, that usually function on a “pay-as-you-go” basis, depending on the computing type utilized. The services provided by cloud computing can range from servers, networks, software, analytics, databases, and so much more.
Three Common Cloud Computing Setups to Consider
When thinking about how to maximize cloud value with minimized expenditure, there are three different types of cloud computing that an organization should consider. By understanding the nuances of each type, an organization can determine which is the right option for them:
First and foremost, a private cloud setup will be the preferred option for larger businesses with a large amount of sensitive data. This type of setup involves a single-tenant environment, meaning the resources available through the cloud are only available to one organization. In most private cloud setups, the organization is responsible for maintaining the cloud platform and adding new features as they see fit, meaning it requires more cloud knowledge.
A public cloud setup tends to be preferred by smaller companies with less sensitive data. This is due to the fact that a public cloud setup involves tapping into a cloud network that can be used by other organizations or individuals, with an excellent example being the Google Cloud platform. While there is a marginally greater security risk with a public cloud setup, it also allows a business to get familiar with the cloud without having in-depth knowledge ahead of time.
Finally, the third option a business can consider for their cloud computing needs is a hybrid model that steals elements from both the private and public cloud setups. This involves setting up a private cloud for the company’s more sensitive information but also using a public cloud for certain services or features that may be needed.
7 Ways Cloud Computing Can Transform a Business
For some businesses, potential savings of 30-50% may be at stake when considering the decision of whether or not to switch to cloud computing. It’s no secret that cloud computing can help an organization save money, but there are additional benefits beyond this that are worth covering:
The ability to garner more insights from data
Perhaps the biggest benefit offered by cloud computing is the ability to view more data than normal and analyze that data. Cloud computing offers a variety of tools which businesses can use to garner actionable insights. By evaluating this data, smarter business decisions can be made which can earn a company more money.
Improved security measures that protect data
Privacy is everything when it comes to a business that has sensitive data but cyberattacks have been on the rise over the years. Cloud computing allows companies to take advantage of enhanced network security and features such as multi-factor authentication make breaking into network systems much harder for hackers.
Bolstered communication between internal and external parties
Communication is a foundation of success for businesses around the world, and cloud computing makes this easier than ever. Whether it’s a cloud-based multi-phone setup that allows employees to handle business matters on their personal devices or something else, cloud computing bolsters communication.
Lower IT costs associated with data management and storage
Given that cloud computing occurs on an off-site location, potentially multiple states away from your organization’s location, there is no overhead IT cost. While you will need to pay a fee for utilizing the cloud services over the Internet, it is far cheaper than paying for an actual IT space and for IT salaries.
A greater ability to store data
Not only does cloud computing allow a company to gain more insights from data, but it also allows a company to store more data. This means that a company can process more information for customers. Additionally, this provides flexibility for a business, meaning the cloud platform can grow with the organization.
Businesses can create flexible workspaces for employees
Through the use of virtual desktops and other similar platforms, cloud computing allows employees to access company servers from virtually anywhere in the world. This makes setting up flexible workspaces that align with the modern trends in the workforce far easier.
Taking away the need for a physical infrastructure
Finally, with cloud computing, there is no need to have a physical IT infrastructure on-site. As mentioned, this will save an organization money in the form of salaries that don’t need to be paid, but it also reduces risk in the event there is a natural disaster that damages office headquarters.
Improve Organizational Efficiencies Today
With technology constantly in a state of change, adopting new trends into an organization has become a foundation of success. Keep in mind that a cloud computing migration will be a large change for an organization, especially one with no experience with the cloud, so take things slow at first. Aim to migrate one department at a time to resolve potential issues before they compound into something worse. Beyond this, consider hiring an accredited cloud expert who can assist with a smooth migration.