Can Cloud Computing Improve Your Company’s Profitability? – Part 1

Can Cloud Computing Improve Your Company’s Profitability? – Part 1

Coming into practical use in the last 15 years, cloud computing has now gained such widespread usage that estimates range from 80-90% of commercial workloads will be stored in the cloud by 2021.

You may ask whether cloud computing could actually improve the profitability of your business. You may also wonder how cloud computing can play a part in your organization’s IT infrastructure in the coming years.

The following will discuss five benefits of cloud computing and how they can help your business now and in the future.

1) Capital Cost Efficiency

Cloud computing helps eliminate the upfront expenses of purchasing applications and hardware for computers, saving CAPEX (capital expenditures). In addition, the chances of using outdated software is decreased, allowing your company’s business functions to run more efficiently while better protecting data.

Migrating your organization’s business operations to the cloud will also reduce ongoing support and maintenance costs for computing. The required costs of physical security to protect a data center in your facility will be eliminated. Cyber security will also be provided by the cloud vendor. Since downtime is rare for established cloud computing service providers such as AWS, Google Cloud, and Microsoft Azure, your company will rarely encounter costs resulting from prolonged crashes.

2) Data Security Improved

Typically, established cloud vendors provide data security at a greater level in comparison to systems that are on-premises. Improved security is made possible through access control, authentication, and encryption, which helps prevent unauthorized users from gaining access.

Offering several security features with options, cloud systems allow customization determined by a company’s required level of security. Established cloud computing service providers also perform regularly scheduled audits and 24/7 monitoring to ensure that stringent security requirements are met.

Part 2 will discuss three more benefits of cloud computing.

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