Why businesses are moving to the cloud
- January 11, 2021 5:25 pm
- by Aruthra
As cloud computing increasingly penetrates and impacts global enterprise ecosystems, it is highly important for business owners to keep up with the major disruptions that are happening in the field of cloud computing. Cloud computing is undeniably the new normal for enterprise-sized businesses as well as SMBs.
According to a recent report by Dell, enterprises that invest in cloud technology can have a 53% faster growth in their revenue when compared to their competitors that refrain from relying on the cloud. Also, If we take a closer look at some of the successful enterprises around the world, we observe that cloud technology tops among the key areas where they invest more money.
Transitioning your business completely to the cloud is one of the strategic decisions that a CTO could ever make. However, there are some common reasons that encourage business owners to make a cloud transition. One of the key reasons that encourage most CTOs to transition their business to the cloud is the extensive array of advantages that cloud computing offers. Unparalleled security, limitless scalability, cost benefits, and great flexibility are some a few reasons why more businesses move to the cloud. Even with all these cool benefits, still there are business owners who remain hesitant about migrating to cloud-computing platforms for their business. So, let’s dive into some of the common reasons that trigger businesses to migrate to the cloud.
Advantages of transitioning your business to the cloud
- Reduced costs: Maintaining an on-premise data center can be quite expensive. You often need to hire database engineers and procure the right equipment to efficiently manage your data center. However, migration from on-premise systems to the cloud gives you the added advantage of paying only for the services that you use. Amazon Web Services (AWS), Google Cloud Platform, Microsoft Azure, etc are some of the popular cloud computing platforms that provide a pay as you go model for their users. This model gives you the added advantage of choosing a package that fits your budget and requirements. However, for a business to completely harness all the benefits of the cloud and ensure a smooth transition without burning a hole in their annual budget, they’ll probably want to get help from an Offshore Software Development Company in India that has expertise in migration projects. Most of the businesses acquire or merge with another business. When enterprises acquire new businesses or merge with other businesses, they will mostly encounter roadblocks due to their incompatibility of the different applications and technology landscapes, especially if you need to consider managing these landscapes across multiple on-premises data centers. If you’re in this situation, migrating these applications and technologies to the cloud might be the ideal solution.
- Data Compliance: If you are running a business in the financial domain or is closely associated with finance or healthcare, data compliance will be probably the most important factor that you give more priority to. As compliance regulations within the finance and healthcare industries are dynamic, relying on on-premise solutions is not considered a viable way of operation. Migrating to the cloud helps you to select the services that are already compliant.
- Security Risks: Security is one of the paramount factors that prompt a lot of businesses to migrate to cloud platforms. With technology advancing at a rapid pace, cybersecurity is one of the important things that most businesses concentrate on. There are more chances of having a cyberattack on on-premise systems when compared to a cloud environment. This is because cloud providers invest a lot of money in implementing technologies that safeguard data, detect potential threats, and mitigate risks. Migrating to the cloud also frees up your team and you can divert them to focus on other areas of your business that require more attention. Cloud platforms such as AWS and Google cloud are known for their unmatched security standards.
- Scalability: Cloud services give businesses more flexibility over their capacity requirements when compared to on-premise systems. This can be extremely beneficial to businesses that have dynamic compute and storage demands. Cloud platforms give businesses the ability to rapidly scale up or scale down their capacity based on their business demands. This level of flexibility can provide businesses using cloud platforms to optimize their business more rapidly than their competitors.
- Boosts Collaboration & Mobility: Cloud computing can significantly boost your business’s collaboration. By using platforms that are powered by cloud technology, businesses will be able to deliver their employees the ability to access information on their mobile devices securely.
- Limited Downtime: limited downtime can greatly contribute to the success of a business. However, no business is completely immune to downtimes. Businesses can still face outages no matter how they equip their data centers. Today, even limited outages can leave a significant impact on a business’s revenue and efficiency. Migrating to the cloud enables businesses to significantly reduce their chances of encountering outages that can negatively impact their brand reputation and customer loyalty.