There are various advantages of cloud computing technology. The important advantages of cloud computing are given below.
Reduced IT costs
Moving to cloud computing may reduce the cost of managing and maintaining your IT systems. Rather than purchasing expensive systems and equipment for your business, you can reduce your costs by using the resources of your cloud computing service provider. You may be able to reduce your operating costs because:
- the cost of system upgrades, new hardware and software may be included in your contract
- you no longer need to pay wages for expert staff
- your energy consumption costs may be reduced
- there are fewer time delays.
Your business can scale up or scale down your operation and storage needs quickly to suit your situation, allowing flexibility as your needs change. Rather than purchasing and installing expensive upgrades yourself, your cloud computer service provider can handle this for you. Using the cloud frees up your time so you can get on with running your business.
Protecting your data and systems is an important part of business continuity planning. Whether you experience a natural disaster, power failure or other crisis, having your data stored in the cloud ensures it is backed up and protected in a secure and safe location. Being able to access your data again quickly allows you to conduct business as usual, minimising any downtime and loss of productivity.
Collaboration in a cloud environment gives your business the ability to communicate and share more easily outside of the traditional methods. If you are working on a project across different locations, you could use cloud computing to give employees, contractors and third parties access to the same files. You could also choose a cloud computing model that makes it easy for you to share your records with your advisers (e.g. a quick and secure way to share accounting records with your accountant or financial adviser).
Flexibility of work practices
Cloud computing allows employees to be more flexible in their work practices. For example, you have the ability to access data from home, on holiday, or via the commute to and from work (providing you have an internet connection). If you need access to your data while you are off-site, you can connect to your virtual office, quickly and easily.
Access to automatic updates
Access to automatic updates for your IT requirements may be included in your service fee. Depending on your cloud computing service provider, your system will regularly be updated with the latest technology. This could include up-to-date versions of software, as well as upgrades to servers and computer processing power.
Achieve economies of scale – increase volume output or productivity with fewer people. Your cost per unit, project or product plummets.
Reduce spending on technology infrastructure. Maintain easy access to your information with minimal upfront spending. Pay as you go (weekly, quarterly or yearly), based on demand.
Globalize your workforce on the cheap. People worldwide can access the cloud, provided they have an Internet connection.
Streamline processes. Get more work done in less time with less people.
Reduce capital costs. There’s no need to spend big money on hardware, software or licensing fees.
Improve accessibility. You have access anytime, anywhere, making your life so much easier!
Monitor projects more effectively. Stay within budget and ahead of completion cycle times.
Less personnel training is needed. It takes fewer people to do more work on a cloud, with a minimal learning curve on hardware and software issues.
Minimize licensing new software. Stretch and grow without the need to buy expensive software licenses or programs.
Improve flexibility. You can change direction without serious “people” or “financial” issues at stake.