Cloud computing has transformed into a thriving industry with a global market worth of $371 billion (and counting). By 2025, its value is projected to exceed $832 billion. Eric Schmidt, the former CEO of Google, gave birth to the term “cloud computing” at the 2006 Search Engine Strategies conference, and since then, the industry has experienced rapid growth. Leveraging cloud computing is crucial for businesses due to its myriad of applications, be it for large-scale data storage and analytics, web-based service delivery, infrastructure scaling, or disaster recovery.
How Cloud Adoption for Business Can Accelerate Its Growth?
1. Improved Productivity
Cloud computing offers a multitude of productivity benefits. For instance, you can generate reports on your accounting software and analyze the top-selling products or services, as well as identify the sales representatives who contribute the most to revenue.
2. Scalability and Agility
Cloud computing offers inherent scalability, making it possible to easily and quickly scale an IT solution. This capability has an immediate and far-reaching impact on businesses. In the past, scaling an environment on demand was simply not feasible. Organizations were limited by the size and processing power of their hardware setup. However, the cloud has eliminated this limitation, truly revolutionizing the way businesses can manage technical resources.
3. Safety
The most recent cloud data encryption technology guarantees the safety of all data transmitted to and from your devices, even if cybercriminals attempt to intercept it. However, it is still better to use a pair VPN to eliminate any risks during data transfer. VeePN’s dual VPN feature allows you to securely transfer data even between unprotected servers. This protection covers documents and both internal and external communications.
Rest assured, cloud providers have implemented cybersecurity measures superior to any on-premises backup storage servers that you might establish. Their reputation relies on securely storing confidential information for countless individuals and companies globally.
4. Cost Optimization With Cloud
Cloud applications offer dual benefits in terms of cost savings, allowing you to allocate the surplus funds to expand your business.
- Cloud technology eliminates the need for IT infrastructure, hardware, or software expenses. This not only reduces electricity costs but also showcases your commitment to social responsibility and profitability.
- The cloud enables the automation of mundane tasks, resulting in reduced workforce requirements compared to traditional operations.
Most cloud applications operate on a monthly fee basis, although some may charge additional fees for specific features.
5. Enhanced Compliance
Enterprise-level organizations employ strict security, compliance, and data protection standards. Business leaders often express concerns about transferring vital apps and data to the cloud. Tightly regulated industries such as healthcare, government, pharma, and defense must adhere to industry-specific compliance requirements to maintain application and data integrity. Cloud computing services are widely adopted by top organizations in these industries and related verticals.
6. Automate More Tasks
Cloud automation reduces employees’ workloads, allowing them to be more productive. Productivity software plans forthcoming tasks and notifies team members well in advance, enabling them to accomplish more with less day-to-day management.
For instance, a content planner keeps the marketing team ahead by a month or two, ensuring the timely creation of blogs and social media posts. They utilize AI image creation tools for custom artwork and imagery. Subsequently, they upload the content on a specified day and time using an app like Buffer.
7. Big-Data Opportunities
Traditionally, smaller business IT networks have struggled with inadequate storage and computing power to handle big data. Additionally, most small businesses lack their own in-house data scientists. However, you now have the option of selecting pre-built data analytics tools from various companies like Akkio and Arize AI.
Cloud Case Studies or Success Stories
- Apple. Apple revolutionized mobile phone technology when it developed Siri, a human-like computer assistant that asks users inquiries. Siri’s remarkable voice is surpassed only by her operational capabilities. The cloud processes and responds to user inquiries, allowing for seamless data exchange, app use, and upgrades without any physical hardware or software modifications. Apple’s cloud program, iCloud, is widely known and used by the majority of people.
- eBay. eBay users rely on the platform to function smoothly, offering an extensive range of listings for all their needs. An unreliable website could deprive users of valuable chances to secure desired items through successful bidding. Hence, eBay undertook a significant undertaking by migrating its billion-item marketplace to Google’s cloud platform.
- Netflix. Scalability was crucial for their infrastructure. According to Netflix, their global customer base of 117.58 million watches an astounding 140 million hours of video daily. In simpler terms, the average Netflix customer spends 71 minutes per day, or 1 hour and 11 minutes, on the site.
Conclusion: Price
The cost of cloud services depends on the users and their specific needs. For basic file and document storage, you simply rent a block of storage space per month. Then, you create a separate drive on your network or devices to connect to this space, ensuring that employees save files to it. This option only costs a few dollars each month.
Cloud applications like software-as-a-service and business-process-as-a-service, including top-notch medical billing services and payroll providers, charge higher monthly fees per person or per location. Infrastructure as a service and platform as a service pricing varies based on functionality, number of users, and bandwidth requirements.