Cloud computing is a resource that meets the needs of companies with growing employee bases and departments. It can be used as an exceptional technological tool to measure company value if the company takes advantage of the value provided. With the ups and downs of the world’s economy, affordable and reliable technology is more and more necessary. Cloud computing fills that void.
If used strategically, cloud computing can provide true business value. Let’s review how:
Fuel Top-line Growth
Value can be seen through the increase of business agility, reach, and scalability. Agility can be difficult to quantify, but it is a real win when it comes to cloud computing. It can facilitate exactly what your business wants/needs – how much CPU, what type of application configuration is required, and how you want to distribute these. Cloud computing also drives business growth and value by helping businesses develop rapidly, transition into a new market, integrate applications, and much more. Agility provides great value to those that are competing in an environment of uncertain high-growth markets. Increased innovation creates great value for businesses alongside improved communication and collaboration. According to IBM, leading companies are 73% more likely to rapidly innovate products and services via the cloud. Having agility can improve business services at an increasing speed, reducing delivery time from months to just weeks.
- Enable innovation of new services
- Differentiate with new technologies
- Enhance business resiliency by improving data center/application uptime
Improve Bottom-Line Economics
With cloud computing you pay only for what you consume, when you need to consume it – that’s the pay-as-you-go model. By reducing total cost with cloud solutions, resources can be utilized more efficiently. Cloud solutions replace on-premises applications, which increases your reach and scalability and increases value. By eliminating expensive maintenance issues, which would normally cost the IT department time and money, the cloud offers great efficiency and true value to a company.
- Improve resource lifecycle management
- Eliminate constant, expensive upgrades
- Pay as you go
- Experience TCO reductions greater than 50%
Bring Forth Collaboration
Cloud computing also provides the ability to reach your customers at any time. A reliable solution transfers all data securely into the cloud and can be accessed by any authorized client, partner, or employee. Barriers between once-separate departments are broken down, which allows for sharing of expertise and business information. This level of collaboration effectively leads to a dynamic workforce.
With a strategic, focused approach to cloud computing, it can power transformation within the digital and business worlds, and increase business value.