Cloud business solutions help companies bring their products and services faster to the market, extends their global reach, gives them new revenue opportunities, and revamps project execution.
While some older elements of cloud-based technology like utility computing, grid computing, and virtualization are still part of the cloud now, the technology itself has become streamlined and is now fast and smooth.
Let’s take a look at the how cloud addresses business objectives for almost every business, regardless of size, location, industry or scale.
Cost of managing IT infrastructure is a very important factor for every business. Big or small, every company wants to cut costs. Although IT infrastructure costs have been declining, it can still be high for small businesses. You can easily rack up heavy expenses on your cloud Infrastructure if you’re not careful.
By taking advantage of virtualization and digitization, your business can cut down on expenses. Since all the critical data is stored on the cloud, you should see a sharp decline in hardware and energy costs, upgrades, and reduction of IT support staff required for maintenance.
Cloud also helps you adapt quickly to changes, both external and internal. Your monthly IT bill takes a big plunge thanks to lack of upfront costs and a flat monthly fee. Financial models on cloud are predictable, and you won’t encounter any unpleasant surprises. The OpEx model of infrastructure helps you keep costs in check so they don’t get out of hand.
Cloud makes teams productive and efficient, and therefore, produce great quality output.
In an enterprise setting, productivity is not just limited to using the best to-do lists or calendars. For that matter, even collaboration is just the tip of the iceberg. As an enterprise, you need much stricter versioning control. You need better audit trails to track changes, when and by whom. Going further, you need automation in your workflows like sales, purchases and internal operations like employee onboarding. A cloud setup is an opportunity window streamline an agile enterprise workforce.
Businesses exist to make money. In order to do this, you need to:
- Grow and add new customers.
- Retain existing customers.
- Add new products and services and upsell/cross sell them.
An increase in productivity and adding new customers and a decrease in costs should lead to an increase in revenue for your business. Plus, the ability to easily scale cloud architecture helps increase revenue per unit cost. By expanding your capabilities, cloud increases your opportunities for business and could lead you to more revenue streams.
Challenges in Cloud
Some challenges that businesses will encounter with cloud per the RightScale 2017 State of the Cloud Report are:
- Lack of expertise
- Security and performance
- Managing spending
- Control and compliance
- Private cloud complexities
As you can see from the above chart, the percentage of companies that face these cloud challenges have decreased from the past year. To overcome these bumps and resolve these issues, you need a good team of experts that understand the intricacies cloud. You should also consider hiring an external consultant for advice and to manage your infrastructure, and we at Indiqus Technologies have the right people for the job.
As outlined above, cloud services can improve productivity, decrease expenditure, and increase revenue, which are three key objectives for any business. You get more control over your expenses, employees, and time, giving you a firmer hold over your business.
If you want to avail all the above benefits of cloud business solutions and more, IndiQus Technologies can help you get started. Contact us today and take a look at our Enterprise Plans.