Last updated on June 24th, 2020 at 04:40 pm

The present-day business is often being surrounded by various myths and puzzles whenever intend to migrate to cloud platforms. A few concerns that worry business revolves around building revenue streams, privacy risks, data loss, and deny external attacks. The advantages of Cloud Technology would definitely outweigh all these concerns and then demystify the myths and puzzles that hinder enterprises from including Cloud Technology. 

If enterprises have to use cloud computing platforms then the first thing to acquire is a sound knowledge of the latest web technologies and next is the digitally transformed IT Systems. The entrepreneur should be audacious and then opt for the moderate-priced business re-engineering process, eliminating the need for IT architectural changes. Cloud Technology can offer multiple services to empower businesses to manage their work processes swiftly and securely. Essentially, it can offer enterprise the process efficiency, secure data storage, and low downtime for managing the business. 

Benefits of Cloud Technology for Business:

1. Cost Efficient

The business having access to proprietary cloud solutions might eventually be able to reduce the upfront cost involved in customer purchases, managing, and revamping of IT Systems. All of these capital expenditures can be easily converted into operational expenditure for businesses that run dependent on cloud platforms. According to research statistics, amazon web services is able to reduce the business cost by over 28% on cloud platforms and enable the business to be cost-efficient. It should simplify the process of employing teams by offering cloud services to its customers over a mobile or desktop environment. Moreover, organizations can neglect the extraneous IT cost expenses when selecting ‘pay as you go’ model and other customized cloud packages. 

2. Storage Space

Cloud provides unlimited space for managing business and handling an abundant number of customers and thus free up the in-house spaces. In practice, the web technology would alleviate the big burdens of enterprise on massive file storage, data backup, and running software programs that consume on the total maximum space while the already existing storage of prevalent remote cloud servers is unlimited. The IBM smart Cloud works remarkably good for cloud enterprises by providing them with 7% extra on storage space. Comparatively, the traditional method of server hosting requires a lot of manpower to handle and update all the remote web servers. 

3. Fault Proof Resilient

With enterprises being made operational through dedicated web servers it often results in buying more hardware than you rarely would in case of failures. In the extremes, the server faults residing within your business might necessitate duplicating everything. The Google Cloud platform is most powerful for enterprises to have their internet presence with fewer fault outages leveling to only 5% annually. In the case of cloud servers, the enterprise can fault-proof check for redundancy and then reduce the level of susceptibility against major outages. Therefore, the options are far and wide clear for businesses to afford for the migration to the cloud environment and improving system resiliency and retaining information to make them highly available. 

4. Scalability

Businesses get cloud computing power and reliability to expand their computing resources to the maximum utilizing scalability features. It will benefit the start-ups and enterprises to optimize their resources and then put them in a better position to escape from ransom payment of hardware and software, mitigating to the overall operational cost. This digital transformation is absolutely a one-time cost for enterprises to handle the stacked no of customers. It might also reduce the business operational cost to approximately 4% according to the research statement from salesforce analytics. 

5. Lean Management

Cloud Platforms will allow for lean management of your business and then ensure all the processes are run smoothly. The existence of web technology services furnish to the configuration of business needs and then allow for security software and other tools to keep up the data safe. A recent study conducted by Rackspace states that the enterprise application can be operated with 3% more business efficiency. It will also improve workforce productivity by enabling them to focus on the core task of monitoring their business infrastructure and improving work performances. Thus, enterprises can yield more profits and revenues with the help of cloud technology services. 

Conclusion

Primitively, all benefits of Cloud Technology Solutions for Business are directly influencing the dynamics of the IT Industry in the recent past. Hence, there will be more enterprises migrating to web technology and attracting many more customers located across the globe. A lot of Cloud consulting companies will be in demand for IT businesses to realize the best advantages of cloud technology and compete earnestly to meet up with the web-based changes and survive in the market. Further, businesses should mandatorily keep themselves up-to-data on cloud technology developments which impacts their business and nurtures profit yields.