5 Benefits of Cloud Computing for Business Success

 

If you’re looking to gain some business success, one of the most critical factors you’ll have to consider is your ability to stay on top of technological advancements and incorporate them into your business model as they arise. In today’s world, having an effective cloud computing strategy can be one of the greatest differentiators between your company and your competitors. Here are five benefits of cloud computing for business success that every entrepreneur should know about.

1) Cost savings
If you want to keep costs low, cloud computing is a sure way to do so. The ability to rent software and hardware services on an as-needed basis reduces costs while offering more flexibility than traditional solutions. Plus, it helps you avoid having to buy expensive equipment and software upfront. Rather than spending thousands upfront on servers and networking equipment that may not be needed now or in six months, businesses can just pay for what they need when they need it—not before.

2) Higher Reliability
The cloud makes it easy to access data, files and other resources from anywhere with an Internet connection. Being able to work on important business documents or presentations from a smartphone, tablet or laptop can mean huge increases in productivity. If your network goes down at home or work, you can still access important information.

3) Lower IT operating costs
Today’s small businesses are agile, nimble and willing to take risks. Cloud computing offers an alternative to traditional on-premise solutions, which often come with high IT costs and constraints. In some cases, cloud computing can also provide a more secure solution. The fact is that most companies should be making use of cloud technology. Read on to learn why now is a great time to move ahead with your own cloud strategy.

4) Reduced capital expenditure
This is a nice benefit to cloud computing in particular, because it allows you to avoid shelling out money upfront. If you’re thinking about expanding or setting up a new department within your company, say an IT department, there’s no need to purchase new hardware; rather than purchasing servers and hard drives, rent them from an outside service like Rackspace or Amazon Web Services. This will save your business both time and money.

5) Decreased time to market
If you’re a startup, launching with an in-house IT team can mean years—literally!—of design and development time. The cloud allows your company to launch quicker by giving you access to a wide range of IT resources at little to no cost. When your data is stored on a server in a remote location, it can be accessed from anywhere, meaning that your employees will have full access to company data and information regardless of their physical location. This saves you time and money because it eliminates physical meetings between employees, which reduces travel expenses and allows meetings to take place in real-time.