The practice of investing a large amount of money on software and other infrastructure is not new for most of the business. If you have to survive in the market then you can’t ignore the use of IT solutions, regardless of the size and industry of the businesses. Although giant firms don’t find it difficult to install and deal with IT solutions, the main problem arises mainly for small businesses that are suffering from budget constraints. Cloud computing has solved the dilemma of spending a large amount of money on IT infrastructure and that’s why it has become so popular.
Cloud has completely changed the whole world of businesses. Regardless of the industry, you are in, cloud will surely be applicable in your business solution. But things were not like that when cloud was alien technology. You should know that the term cloud computing was coined long ago in 90’s but the current form of cloud computing that we see has been a result of a series of improvements and modifications. As cloud computing has opened its door for even small businesses, it has become an important part of the whole SME group worldwide.
You should know that now most of the people have become aware of the advantages of cloud computing but still, there are many businesses that are not ready to shift to this fruitful platform. All such companies are slowly getting behind in the race of competition because of their dependency on old-aged business solutions. If you are still using traditional solutions in your business and not ready to move to the cloud then you have come to the right place. Here, we will discuss the top 5 reasons why so many companies are migrating to the cloud platform without any second thought.
Opex model instead of capex model
One of the main reasons why so many businesses are flocking towards cloud computing is the elimination of expenses related to server purchases. If you are not using cloud solution then you will have to spend a large amount of money running your own servers which means buying expensive hardware. For small businesses, managing this cost is mostly out of the budget. You should know that this cost can over the server’s life but it still involves upfront payment. If you will use cloud then this money can be spent elsewhere as you don’t need to run your own server and buy hardware while using cloud solution.
Cloud also makes acquisition very easy and painless. When two firms merge or when one firm acquires another firm then matching up data and application landscape becomes a real big challenge. And if you have to deal with different on-premise data then things are going to get more complicated. There are many business owners that find shifting data applications over cloud is much easier and a seamless process. If you will be using cloud solution then it will become very easy for you to accommodate completely new employees and geographies.
Fulfillment of compliance needs
Fulfilling your compliance needs is one of the biggest challenges for most of the business but this challenge becomes more complicated if you are doing business in the finance or healthcare industry. But just because it’s challenging doesn’t mean that you can ignore it. Not being able to meet compliance needs can result in legal action against your company and even heavy fines. But if you will be using cloud computing solution then it will be already complaint. This will surely allow IT staff to offload some of the hassle related to compliance on the digital platform.
In the current era, criminals on the digital platform are targeting businesses on the basis of size. If there is business and it has data then it will surely be on the target list of customers. This is why businesses are becoming concerned about the safety and security of their data on the digital platform. Well, cloud is the best solution out there that can keep your data safe and secure. There are various security layers on the cloud and manage NOC service that will keep your data protected and safe. With your data on the cloud, you don’t have to worry about data breaches and any other type of cyber attack. Cloud solutions likehosted QuickBooks are providing an ultra-secure platform for businesses.
Better product development
Another major advantage of cloud comes in the form of better product development. By harnessing advantages like pay as you go model and dynamic provisioning for testing and development of a product, businesses are finding cloud solutions helping them in delivering products at a faster pace.
So, these are some of the most common reasons why so many businesses are moving to the cloud. If you want to take advantage of these features then you should also migrate to cloud without any second thought.
Saurabh Gupta is currently working as a senior content writer at MyQBHost, a QuickBooks cloud hosting company and the two things which matters the most to him is technology and writing. Cloud computing, Artificial intelligence and cybersecurity is what he loves the most.