Tech

6 Business Benefits of Having a Well-Defined Cloud Strategy

How many businesses in America are on the cloud in 2021, you ask? The answer to that is practically all. In fact, according to research, almost 95 percent of US enterprises use a cloud service to manage their data and organize workloads.

Cloud services are relatively easy to integrate into an existing business. However, managing them in the long term can burden less-experienced staff or tie up an IT department. A clear, well-developed cloud strategy ensures less time and expense spent on digital administration and more on building profits and growing your company.

Read on to learn about why it’s essential to focus on the long-term when it comes to adopting cloud services for your business.

1. Optimize Your Costs

For starters, cloud computing helps companies reduce their operating costs. Staff can work from anywhere–home or office–and you don’t need to house expensive, energy-hungry servers on-site.

Most cloud services are offered as a package: security, storage, upgrades, hosting, electricity all in one. This not only reduces your operating costs, but you have the opportunity to shop around for the best package deals or negotiate pricing depending on what’s in your package.

Most importantly, the service provider takes care of the management of your cloud system. This means you need less in-company IT staff, reducing your overall staffing needs. The fewer staff you need to hire, the more you save in salaries, staff equipment like computers, office space, and HR costs.

If you’re looking to ensure you get the most ROI on your service, consider cloud strategy consulting. They will help you find the best IT services to fit your company’s needs and budget.

2. Increased Security

Cloud computing can seem risky at first, and yes, there’s no denying there have been data breaches–some significant–in the past.

However, that doesn’t mean that you shouldn’t move to cloud computing for your business needs. If you have a clear, well-structured cloud strategy, you can avoid serious security breaches and reap the benefits of having everything online.

Most cloud services provide extensive security systems, but be sure to research the security options they offer.

Look back at their security history, too. Are there any serious breaches in their recent past? If yes, proceed with that service with caution.

And don’t just rely on the security options offered by the provider. Consider a third-party security system by an IT management firm or run by your in-house IT department.

3. Drive Innovation

Innovation might seem like an empty buzzword in today’s constantly “new-seeking” business world. Still, it remains a crucial factor in ensuring your company remains at the top of its game.

Not only does it ensure your company better serves its clients and outcompetes competitors, but you’ll also hold onto your star employees if you satiate their appetite for continual growth. How does a multi-cloud strategy, or any cloud strategy for that matter, factor into innovation management?

There are three main components we need to consider:

  • Software as a Service (SaaS)
  • Platform as a Service (PaaS)
  • Infrastructure as a Service (IaaS)

Today, most companies engage with one, if not all, of these service options. For example, under IaaS, they might rent the physical computers, services, or space they need to complete business activities. Under SaaS, you essentially “rent” online systems and programs, including the related data security and storage, from a provider.

This frees up the money and time you would have once had to dedicate to managing these services and equipment–meaning you can spend more resources on growing your business.

4. Flexibility and Mobility

The trend of the moment is WFH (work from home). In fact, it’s predicted that one in every four Americans will be working remotely by the end of 2021.

Though the COVID-19 pandemic initially forced the hand of business owners, this working model is fast becoming a firm favorite with employees and employers alike. And a carefully managed cloud migration strategy ensures your staff has the flexibility they need to function remotely without disrupting workflow or profit generation.

Not only that, but the mobility that the cloud offers businesses means you can find information, communicate with customers, or access services quickly from any device.

5. Future-Proof Your Company

There’s undeniable scalability to a sound cloud strategy, meaning you can easily downsize or upgrade your IT or other staffing requirements to suit your budget and your needs. And you can do this quickly.

This helps you to respond to a sudden boost in client numbers, changes in market trends, lack of resource or materials supply, and even disaster recovery. A cloud strategy ensures you have a “safety net” in place to protect your data and systems against any eventuality, from a hack or human error to things out of your control, like a natural disaster.

A good strategy ensures a hybrid between public and privately hosted data, so you always have a (literal) backup plan.

6. Access to Analytics

Data analysts have been around forever, but there are few times in history (if ever) that the profession has been more in demand. Companies can use smart IT sourcing and cloud strategy to gather all kinds of valuable data on their customers and sales and how their company is run.

Leverage data analytics can help managers better organize workloads, distribute resources, and boost staff retention. And all of this leads to a more efficient, cost-effective workplace.

Develop a Cloud Strategy for Your Business

Creating a thorough cloud strategy can only benefit your business, from reducing the need to hire so many IT staff to ensuring your company rides out a disaster. However, there are many products on the market for companies to choose from, and the selection can get overwhelming. Before investing the money in a cloud service, do thorough research to find the best option for your data needs and company size.

For more IT advice for companies small and large, browse the other articles on our website.

Jhon Dareen

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