Businesses are implementing new strategies and making changes to the way they operate in order to remain competitive in today’s market. With the market being so saturated, new solutions such as IT implementation and the impact they bring to efficiency become even more valuable to businesses and the business owners.
Moving some or all of a business’s operations to the cloud is more than just a growing trend. It is a proven way of streamlining business operations and boosting efficiency and productivity at the same time. The benefits don’t stop there either. What are the true benefits of using cloud-based solutions for business?
A big advantage that cloud-based solutions offer is the availability of information, no matter where you are. When doing a client visit, you can check their past purchase history and retrieve other details about your relationship with the client using any device and a standard web browser, as long as those details are stored in the cloud.
The availability of information helps streamline other parts of business operations too. HR can benefit from big data analysis in the cloud when doing recruitment and performance analysis. Finance departments can keep track of all projects, expenses, and income, and even send invoices directly from the cloud to customers.
Speaking of accounting in the cloud, those studying for an accounting degree online are now learning about cloud-based accounting solutions as a necessity. The entire market is shifting towards cloud financial management for easy reporting and easy monitoring by business owners and investors. Top universities, including Maryville University, are supporting the shift with their online accounting degree curriculum.
Cloud computing is built on combining multiple physical servers into a cluster, with combined resources and more capabilities. Today’s cloud solutions are run from the cloud, often from multiple data centers, which means hardware failure will no longer be a catastrophic problem.
In the event of a server failure, the cloud cluster will simply reroute queries for information to the remaining available servers. The safety of sensitive business information is guaranteed. Add multiple redundancies and off-site backups, and you know you have your business protected.
The same can’t be said for offline systems. Businesses that rely on a single on-site server often suffer from severe operational disruption caused by hardware – often hard drive – failure. Recovering the lost information is also much more difficult in this case.
It is true that cloud-based solutions were once reserved for larger corporations with a lot of money to spare. Even without the initial investment in hardware, getting a cloud solution implemented was still relatively expensive. That is certainly not the case today.
Enterprise-grade solutions are being offered as Software as a Service or SaaS. This model allows small and medium enterprises to benefit from a fixed monthly fee; a relatively low one for that matter. When you factor in the lack of initial investment, cloud solutions become cost-efficient solutions that are too good to miss.
Peel away the ease of use and the trend for cloud computing, and you can easily spot the true benefits of using cloud solutions as part of your business workflows. These three benefits are just the beginning. There are many more, depending on the cloud solutions you use.
Bio: Steve Conway is a content marketing professional and inbound marketing expert. Previously, Steve worked as a marketing manager for a tech software start-up. He is passionate about discovering new software that will that will advance his already well-honed digital marketing techniques.