June 18, 2021

5 Points – Why SME Should Not Miss The Journey To Cloud Computing?

In this digital era Data is the fuel for business, in both small businesses and big enterprises the value of data is equal and availability of the data is always a major concern. Here the Cloud Computing plays a very big role. The availability of Internet and Mobile devices makes cloud computing a viable option for small businesses.  

Cloud Computing allows access to business applications or data, at any time, from anywhere from any device. And the unique point is that it does not require any capital investment, which enables SMEs to be more competitive within their market.  

According to research by Gartner, up to 60% of business owners will be relying on the cloud for hosting data by 2022, which will approx. double the numbers from 2018.

1. Improved Collaboration

4 person celebrating teamwork

The Cloud environment will increase collaboration between the TEAM by allowing access to the same file at the same time. Using Cloud Computing your team members can access & edit documents from anywhere and anytime by any device.  It will remove the communication barriers within the team which was there in traditional IT infrastructure. This will streamline the processes which grant more output in less time. You can also monitor the progress of work, increasing your team productivity by up to 40%.

2. Scalability

man with a pen analyzing data

Cloud Computing is designed to meet the requirement happens due to changing environments and growth. In traditional IT infrastructure companies have to buy new servers or network infrastructure to add additional users. Where in this technology almost everything is scalable, including the computing bandwidth, etc. Users can scale up and scale down the computing power to get the optimum performance any time when required.  Remote cloud servers can scale Up during pick demand and again scale down in the off-season. You don’t need to purchase and install equipment and upgrades on-site. The best part is you have to pay how much you use only.

3. Easily Accessible Software Solutions

analytics software

In traditional IT infrastructure users need to buy software to use it, where buying process requires capital investment hance buying software is like hammering a nail in hand for SMEs who have a limitation on financial investment but at the same time want to take adapt to the digital revolution. Here we should thank the cloud revolution which makes it possible to access the most powerful software to SME on the SAAS (software as a service) module. Now SMEs also can participate in the Digital revolution. If you run all your software from in-house servers, you would be responsible for keeping up with security and maintenance tasks. You would also need to secure and monitor your data network to defend against hackers. Where cloud computing keeps you up to date and protected.

4. Cost Savings

man calculating costs and income

If you are worried about the recurring cost that would come with making the switch to cloud computing, you aren’t alone every organization is concerned about the recurring cost. But those who are attempting to weigh the advantages and disadvantages of using the cloud need to consider more factors than just recurring expense.  Once you’re on the cloud, easy access to your company’s data will save time and money in project startups. And, for those who are worried that they’ll end up paying for features that they neither need nor want, most cloud-computing services are pay as you go. This means that if you don’t take advantage of what the cloud has to offer, then at least you won’t have to be dropping money on it. When you will check after a period you will be a gainer.

5. Insight

man analyzing growth

As we are now into the digital age, it’s becoming clearer that “Data is money.” Hidden within the millions of data that surround your customer transactions and business process are golden eggs for your business that are just waiting to be identified and acted upon.  Many cloud-based solutions offer integrated cloud analytics, Business Intelligence, or Artificial intelligence for the analytical view of your data. With your information stored in the cloud, you can easily implement tracking mechanisms and build customized reports to analyze information organization-wise. From those insights, you can increase efficiencies and build action plans to meet organizational goals. 

Ravi Jain

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