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Top 10 ways in which Cloud Computing is Changing the World of Business

Industry experts have only one thing to say about Cloud Computing. That is, it's one of the best things that have happened to the IT industry

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Top 10 ways in which Cloud Computing is Changing the World of Business

Industry experts have only one thing to say about Cloud Computing. That is, it's one of the best things that have happened to the IT industry. It is a disruptive force that holds the potential to disrupt any sector or domain they are applied to. They have the power to transform every industry and have the expertise to improve any practice or process using the IT infrastructure.

For sectors like Automotive, Renewable Energy, Manufacturing, Production, Entertainment, Healthcare, Education, Social Media, IoT, and many more, Cloud is a boon. And many enterprises and organizations are using Cloud, and more are adopting Cloud strategies. Startups have been able to quickly scale and be competitive with large-scale MNCs because they had the power and expertise through Cloud. Many Small and Medium-sized businesses are flocking to Cloud eyeing large profits and Cloud Services Providers' expertise in catering services exclusively for bigger companies. 

Adopting Cloud has made the lives of companies and enterprises easier, as they no longer have to worry about infrastructure as earlier they had to run their on-premises setup. And they had to cover the expenses of components like software, hardware, and the salary expenses of the IT staff. Now there are many Cloud Service Providers like Amazon Web Services (AWS), Microsoft Azure, Google's Cloud (GCP), from many other vendors like Alibaba, IBM, and many more. But the top 3 Cloud Service Providers are AWS, Azure, and GCP. To learn more you can enrol in any cloud service course such as Azure, GCP or AWS course.

There are many types of Cloud Computing Services that these vendors offer, and they are; Software as a Service (SaaS), infrastructure-as-a-Service (IaaS), and Platform-as-a-Service (PaaS). There are generally three types of Cloud infrastructure; Public, Private, and Hybrid Cloud infrastructure. Each company or enterprise has a different need and requirement which could be met by these vendors who offer flexible and scalable industry-grade solutions.

And these Cloud Services Providers charge the companies using these services based on how much they used and for what time they are using.

Let us now discuss the top 10 ways that Cloud Computing is transforming/changing the business. As ranging from startups to corporate giants are relying on these flexible technologies to leverage their services to gain an advantage over their rivals. 

Lower expenses

As mentioned in the intro part, companies have benefited from Cloud adoption. Earlier these companies had to buy hardware, set up their infrastructure, and configure these to work optimally. All these had to have a strong support of IT staff, who worked round the clock. And then companies had to bear losses if they didn't have demand for this infrastructure. They didn't have provisions to sell these away because again in their peak demand season they need this hardware to function optimally.

With Cloud, these companies can scale their resources, scale down due to less demand, and thus can save hugely. And they aren't required to pay IT staff, as they are not needed to maintain infrastructure.

Enhanced customer experience

With companies now using Cloud services, they have the potential to offer enhanced customer services. The customer experience is paramount in today's market scenario. Gone are the days, when companies only just produced commodities. Now customer preference is only what matters to businesses. So, keeping their priorities is the biggest reason why businesses succeed. If they don't keep that a priority that's the reason why such businesses will run out of juice.

The brands globally are trying to maintain long-term relationships with their customer base. These companies are running an integrated Customer Relationship Management system that collects data of their customers to help serve them with the best experience.

Improved flexibility

In this digitally and data-driven world flexibility and adaptability is the key to survive the competitive atmosphere. Because the times are changing along with the customer's demand, and so do the businesses need to adapt to such changes with time, without delaying further. Cloud Computing, such as AWS, Azure, GCP with its flexible nature, offers these companies much-needed flexibility. What these cloud computing vendors offer them is peace of mind so that they can focus on making their clients satisfied with their services or products. Without having to worry about the back-end infrastructure. Demand decides the IT infrastructure you require, and within just a few clicks, you can avail those resources without having to source IT staff to match the demand.

Superior communication and teamwork

Another crucial aspect in today's world of business is communication and teamwork. Cloud has helped companies to collaborate better, faster, and more effectively. Now colleagues, employees, and other team members can work in a single file, irrespective of their locations, just with the help of the Cloud. They can share files, records, and any other relevant files. With improved collaboration between team members, efficiency improves by a factor.

Very less Downtime.

Nobody likes Downtime! As simple as that. Businesses don't like these downtimes, and they want all their resources to be live and updated in real-time. Downtime can be the result of various factors like power cuts, natural disasters, security patches, and updates both planned and unplanned. So these businesses must ensure that there are adequate arrangements in place to ensure reliable continuity. What the cloud offers is this continuous reliability. Since Cloud stores all data on the cloud, even though power cuts happen you can still access your data.

Heightened Security

Data is the new oil! And its security is a primary concern for all businesses. Companies or enterprises still running on the conventional model of storing data and running businesses that are on-premises set up are in danger. Because many small businesses and companies will not have robust security measures or staff to secure their data and infrastructure from the threat that linger around storing data and working with it that involves customer privacy. In this regard, Cloud Computing fares far better in securing customer privacy and data of businesses. Cybersecurity professionals work round-the-clock to ensure maximum security to their client's data in their platform. These Cloud Vendors offer these businesses the Data Encryption features to help handle the data more securely. These vendors also offer the freedom to set their own settings relating to security and other restrictions. 

Improved Mobility

Times are changing, businesses need to adapt to the changing social structure and other situations. The concept of Mobility has been taught excellently in times of ongoing pandemics. Businesses were not deciding quickly and were hesitant whether they should transfer their data to the cloud, or not before Covid-19. But after the covid pandemic wreaked havoc on our social structure, every business witnessed a drop in its growth trajectory. They were forced to shift to adopt cloud strategies. Cloud offered them the necessary mobility that they need while staying apart in faraway places, still, the companies were able to work seamlessly without needing to be in the same space as an office. It is the biggest winner for cloud supporters.

Far easier disaster recovery

Disaster is one another or the worst-case scenario that every business must acknowledge working towards to reduce such disasters. In case of such scenarios companies had to be prepared with contingency plans, disaster recovery plans, or damage control, etc. If companies are relying on old infrastructural setups, (on-premise setup) then they are prone to such disasters which will eventually result in data loss which will make the matter worse like it can put businesses out of the market, lose people's trust, etc.

If the companies shift to Cloud, they can store their essential data at third-party sites thus making disaster recovery and data recovery far easier by reducing downtime in case of any big issue.

Easy scalability

Any business cannot function at maximum demand all the time. They will have peak time and a time where they will witness less demand. Companies running on legacy systems cannot expect to be dynamic about their resources to match the demand. Rather they have to be flexible and dynamic with the demand in the market. With more demand, they have to offer more resources, and with less demand, they have to reduce the resources in use. It is only possible with Cloud Computing.

Cloud offers them the option of scaling up and down their resources with the customer demand and peak time. Thus helping them save their resources and expenses. Cloud adoption helps companies to focus on their business operations and offering their clients what they need in the best possible user experience, leaving the cloud vendor to handle the infrastructure.

Automatic updates

To be safe and secure is to keep updating your systems and software. If your business is running on legacy systems then you have to put up IT staff to maintain that software and systems are up-to-date and patch up the security loopholes if any. It is another advantage that companies that are running on the cloud have over their competitors running on-premise setups, that Cloud vendors will take care of their updates and patching of security vulnerabilities. Thus saving their clients time in updating, patching, and expenses involved.

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