As technological innovations continue to move markets and businesses, enterprise leaders and CEOs are beset with the task of re-setting the course of their organisations and taking some significant decisions that align with the world of the future. Here are the reasons “Why CEOs Should Move Their Business To The Cloud”.
One of these decisions is moving to Cloud computing- the practice of using a network of remote servers hosted on the Internet to store, manage, and process data, rather than a local server or a personal computer.
Studies in Forbes Magazine show that among the new technologies, cloud application (43 percent) is seen as having the highest potential to produce the greatest productivity gains.
If you’re a business leader looking to make the shift for your enterprise, but having trouble understanding the importance or the dynamics of the concept, the following benefits could tip the scale.
MANAGING DATA LIKE NEVER BEFORE
According to surveys by SMB Now– 40% of companies are utilizing the Cloud for primary or secondary backup of data.
Traditional in-house IT department purchases infrastructure for data, that is largely dependent on anticipated growth. This means that much of that infrastructure remains underused until that growth is realized. If the growth is greater and faster than predicted, IT, hardware and labour needs are bound to expand, taking the company’s budget beyond what is expected. Cloud solutions on the other hand, can be scaled simply and quickly, giving companies the flexibility to purchase more capacity only when needed.
These days enterprises consider moving to the cloud when they have to renegotiate periodic contracts with private data center – cost adjustments and retention capacities are limiting factors that often come up during these contract renewal discussions.
Also when companies merge, it’s often a challenge to match up application landscapes and data—and doing this across multiple physical data centers can be all the more challenging. Several enterprises in the midst of mergers find that moving key applications and data into the cloud makes the process easier and the efficiency that Cloud provides makes it easier to accommodate new geographies and employees, ultimately resulting in a smoother transition for business leaders to coordinate.
REDUCING COSTS WHILE EXPANDING BUSINESS
The most widely known benefit of moving to the cloud is that how it significantly reduces technology costs. It eliminates the need to invest in physical infrastructure. Beyond this, business leaders can outsource their IT needs, only putting people on their payroll when help is needed. Utilizing a managed cloud service provider makes the overhead cost of data management decrease.
With fewer servers to maintain, and with standardized platforms, you will likely find you need fewer IT staff. Many companies find they can cut their maintenance staff by 50 percent. The IT staff present within businesses is also optimally employed, leaving them to focus on innovation and tasks that further the organization’s goals.
ENABLING FLEXIBLE BUSINESS
Cloud solutions simplify the process of making changes to IT resources. Services and functionality can be added or removed without the need to provide hardware and systems have the ability to run in parallel during changes to minimize downtime and user impact.
Large organizations can scale up their operations quickly to meet greater usage needs, and scale down just as quickly if resources are going unused.
MAXIMIZING EFFICIENCY AND SECURITY
Leaders who manage an on-premises date center, are tasked with keeping everything up to date. This results in costly software licenses and hardware upgrades to handle the requirements of newly upgraded software. These days, when evaluating choices for business growth, leaders find it significantly less expensive and more efficient to decommission on-site software and hardware and consider either a SaaS subscription or a lift-and-shift of that application into the public cloud.
Also with security threats only increasing in scale and severity, many enterprises are choosing to migrate to the cloud to mitigate risk. Public cloud providers offer vast resources for protecting against threats—much more than nearly any single company could invest in.
Offsite Cloud storage in fact is also being used as part of a Disaster Recovery solution to ensure that IT is ubiquitously available to run the business in every eventuality.
ENABLING WORK ON THE MOVE
Work today isn’t confined to just a brick and mortar workplace. Leaders must manage needs of employees who work from home, or work as they travel. By moving data to the cloud, they provide these employees the same access to applications and data as traditional office employees.
EASE IN ANALYTICS
The cloud simplifies advanced analytics. Managing everything in a single location makes it easier to collect and review.
The benefits of analytics are numerous and diverse. They provide customer insights, greater information about your own organization, and a strong foundation for your marketing strategies.
CEOs can benefit from having a strong understanding of customer data analytics, providing their enterprise a competitive advantage.
(Edited by Anu Choudary)