Cloud computing is by far the most hyperbolic technology of the last decade that has redefined the way businesses compete in today’s world. In the simplest of terms, cloud offers a savvy, multi-purpose and versatile alternative to local storage by allowing your business to access and store your information on an external platform.
It has become such a normal part of our lives that even if you haven’t already used cloud for your startup, you’re probably already using it for day-to-day functions such as interacting on social media, making online transactions and checking your email.
These umpteen advantages of cloud have caused its adoption rates to soar to an astonishing 95% as reported by the State of Cloud Survey, 2016.As per survey there are many cloud computing benefits for startups, especially for businesses in particular, migration to cloud has transcended from a viable option to a modern day necessity if they intend to attain a sustainable competitive advantage. Why so, let’s a deeper look:
Probably the strongest argument in cloud’s favor I is the cost-effectiveness that it offers. This cost-effectiveness becomes possible because cloud eliminates the need for physical or hardware storage and doesn’t require additional IT professionals for equipment maintenance.
This can significantly reduce costs because even though physical storage devices, hard drives and paper may not be expensive on their own, they lead to occupation of useful office space and also require administrative efforts for maintenance.
According to a study, by switching from paper to mobile a field team of 5 people can save up to 12,000 USD each year. Therefore, moving to a virtual storage not only becomes financially feasible but also avoids unnecessary administrative hassle.
Additionally, cloud storage allows you to pay for what you use and only when you use it. This is because with cloud you need not anticipate how much storage space you might need in a year’s time and then pay for it in advance. Instead, you can merely adjust your storage capacity via your service provider as and when needed and pay accordingly.
Cloud storage is spearheading the transformation of traditional offices by providing an unprecedented degree of mobility. With cloud, the only thing your employees need to stay informed is internet connectivity.
Previously, businesses used to favor SaaS platforms because they could be accessed anywhere with a computer and internet access. However, today it has become impractical to restrict yourself to a desktop-only software especially since cloud offers better accessibility than SaaS platforms and at a fraction of the cost.
The reason is that cloud allows you to access and modify your information via laptops, PCs as well as mobile phones and tablets. This functionality makes cloud ideal for any business that wishes to move beyond a traditional office setup to reap the benefits of remote teams and telecommuting.
In addition to this, cloud also supports the development of website and mobile applications that further enhance your work flexibility and communication.
Physical storage devices are prone to system malfunction, a hazard that is overcome almost entirely when you move to cloud storage. While nothing is 100% secure, cloud does offer the safest available way to store data which protects information via firewalls, encryption as well as malware protection.
The level of security provided by cloud supersedes that which is provided in-house because of the fact that information security is among the primary responsibilities of cloud storage providers. For this, they deploy technology experts along with a wide array of specialized equipment that are over and beyond what businesses are capable of implementing in-house.
The entire security framework also includes enhanced encryption protocols, biometric locks and surveillance equipment. It is for this reason that nearly 85% of small business are reported to be confident in their cloud storage provider’s ability to provide a secure environment for their data.
In addition to safeguarding against cyber attacks, cloud storage also comes packed with a wide variety of backup and disaster recovery provisions so that even if a mishap does take place, your data would stay untouched. This is because it allows for constant duplication of your information which can be retrieved if something were to happen to your current storage platform.
One misconception that discourages startup owners from migrating to cloud is that they may lose some of their legacy information or have difficulty integrating on-premise and SaaS platforms with cloud. This couldn’t be farther from the truth because cloud in no way requires labor-intensive extract, transfer and load (ETL) procedures.
In fact, IT service providers can very conveniently extract information from SaaS tools and on-premise systems and integrate them with public and proprietary data sources. Moreover, there are numerous solutions that offer APIs that are capable of being connected to software that perform other tasks thus allowing you to improve your business’s bottom line.
The ubiquitous use of internet has enabled start-ups to expand their operations to the farthest corners of the world by making efficient use of remote teams a capability which has in many ways been facilitated by the use of collaborative tools such as cloud.
Cloud-based document sharing allows on-site and off-site team members to work simultaneously on a file causing the time cost of projects to reduce considerably. Moreover, cloud-based document sharing is much more secure than email correspondence as it only allows authorized individuals to access and modify documents.
In the days to come, cloud storage and computing will cease to be an option so it is imperative that you jump aboard the cloud bandwagon as soon as possible so that you can not only capitalize on its advantages but also evolve alongside a rapidly evolving technology.