The Information Technology has become a prominent force in fueling the economic growth of the business world by spreading across the various sectors around the globe. Cloud Computing is one of the innovative platforms in IT which is gaining the prominence in the market of storage and hosting.
Economics and convenience are the prime reasons why the majority of companies are following the path of Cloud Computing. As the IT market is very dynamic and competitive, innovative ideas in cloud domain are paving way for new prospects and expansions in the market. Apart from basic services like storage and hosting, cloud computing has made tremendous progress towards processing power through technologies like ‘Natural Language Processing’ and ‘Artificial Intelligence’. As per the independent research organizations, global expenditure on cloud services might reach up to 260 billion USD this year and around one-third of IT enterprises spending will be directed towards cloud services. These market trends are an indication of growing confidence and reliance on external sources of infrastructure application and security services. There is a radical shift in the companies as they concentrate more on computing as a service rather than investing in the entire setup. This results in decreasing the capital expenditure (CAPEX) and increases the operating expenditure (OPEX) of a business. Although researchers believe that the cost will be a dominant factor for future investments, there is also a huge demand for new cloud-based innovative solutions.
Transforming the Business World
As per the analysis of independent researchers, approximately eighty percent of businesses will be using cloud services by 2020. Cloud has become a decisive tool to drive business growth and transforms the traditional ways of managing the business. Some of the key ways that Cloud Computing is capable of transforming into today’s business:
Enhances Data Recovery
Innovative cloud solutions are proving to be the most optimal answers for companies looking for viable disaster recovery plans. This recovery process reduces risk, maximizes productivity and resilience when compared to existing recovery methods. ‘Disaster Recovery as a Service’ (DRaaS) is a new solution that ensures the continuity of critical applications for the business. It offers close real-time redundancy in case of any disaster which can bring the business to a halt.
Fuels Business Mobility
The cloud-based management space is evolving at a fast pace. This platform provides the perfect solution to mobile businesses by keeping everyone connected from any device, irrespective of any geographical restraints. Rapid deployment and integrating diverse devices gives cloud-based companies to perform much better.
Supports Remote Worker
Working with remote workers is another new area where cloud-based solutions are in great demand. Remote workers can create virtual desktops which can be accessed from any devices. Also, cloud-based video chat platform allows remote workers to be connected and ensure greater productivity.
Evolving Internet of Things (IoT)
The core of cloud technology is IoT. Apart from enabling devices to be connected globally, the fusion of IoT with technologies like ‘Artificial Intelligence’ is allowing innovations and analysis to redevelop IoT into ‘Internet of Everything’ (IoE).
The Financial and Operating Benefits of Cloud Computing
Reduced capital investment is one of the key advantages of implementing cloud in today’s business houses. Cloud helps to eliminate the expenses incurred in setting up the computing environment. Furthermore, the revenue-and-service premise for cloud providers is built on a ‘pay as you go’ model in which the charges are only for the services which have been actually utilized by the company.
From the operational point, cloud computing proves to be beneficial to the organizations. Operational activities like upgrades, change control, release management and data center mirroring are been eliminated to a huge extent. As it helps to simplify the complex technical structure, business find it easy to concentrate on the core operational activities.
-Top-line growth, employee collaboration, and supply chain are the three areas which are expected to surge over the next three years.
-The launch of new products and services, new lines of business and entering new markets are three ways through which cloud is transforming organizations.
-Independent surveys reveal that around fifty-eight percent of enterprises think that using cloud services will increase their revenues in the coming years.
Marching towards the Horizon
Moving to cloud services is the beginning of a new journey. In the longer perspective, cloud computing is increasingly appearing to be a transformative change in the business landscape. This technology may not be suitable for every organization but implanting this technology presents immense benefits for enterprises to enhance their productivity. Cloud services are helping enterprises in achieving a high level of transparency and adaptability of IT infrastructure. Being able to access the latest technology without any investments is also – one of the reasons why companies are so inclined to adopt cloud services. At present, cloud solutions have emerged as the best methods to revamp and enhance the IT infrastructure within an organization.