Save for a Rainy Day with Cloud Computing
A wide array of cost savings can be made possible thanks to cloud computing, enabling businesses to boost revenues and divert cash to fund new innovations rather than having to put it into IT upkeep and staffing.
Of course, cloud migration can be motivated by other factors, with disaster planning and business continuity among the most important aspects that it offers. All of this makes it relatively difficult to calculate the true financial benefits of the cloud, because there are so many areas in which its impact can be felt.
Just because the cloud is a somewhat vague area of IT with an ever-widening sphere of influence, this has not stopped researchers from making attempts to pin down definitive data relating to its potential to cut costs.
A report from Computer Economics published earlier this year found that businesses which have chosen to embrace the cloud for most of their IT requirements will save an average of 15 per cent compared to those that have been less willing to consider migrating so far, according to TechRadar. This saving could be used to re-invest into the company whether it be new branding, a website or even new used plant machinery, like those you can see at https://www.ironandearth.co.uk to help your production run smoothly
Hosting mission-critical apps and data in the cloud allows businesses to make major savings, because they no longer need to purchase, maintain, manage and upgrade IT hardware in-house. So with more cash available, this can either be saved for the future or reinvested in other parts of the organisation to generate further benefits.
An even broader look at the extent of the cloud’s importance was delivered in a recent report from the European Commission (EC, in which it was revealed that by the end of the decade the cloud will be contributing almost £200 billion to the continent’s economy each year.
Since the cloud gives businesses access to almost unlimited IT resources on-demand, 3.8 million jobs will be created and maintained by this technology, both directly and indirectly, according to analysts.
And with sites allowing companies of all types and sizes to experience the scalability of the cloud, it is no wonder that migration is being taken seriously by most enterprises in the private sector.
Because public cloud services are accessible at any point, there are cost-saving possibilities at both ends of the usage spectrum.
Companies that need to increase storage and processing capacities at short notice can do so in a cloud ecosystem without having to make vast upfront investments in the infrastructure themselves. And for businesses that are going through a slow period, reducing the extent of a cloud package will mean savings can be made while still leaving your organisation as an agile, responsive organisation that can wind things back up when peak periods return.
Accounting for disasters and downtime with the cloud is just as much of a reason to adopt as choosing to get rid of the kinds of costs that come with on-site IT hosting. Only the boldest businesses will be among the first to feel these benefits.