According to Forbes, 83% of enterprises will base their workload on the cloud by 2020. Therefore, the question today is not whether you should adopt cloud computing, but how you can reap big from the technology as a business. With growing internet penetration, the cloud computing technology is set to grow seismically. Cloud computing and audiovisual systems work in tandem to improve productivity in business.
What is cloud computing? Cloud computing involves processing, managing, and storing data over the internet. Cloud deployment can be categorized into two, the public cloud and private cloud. The four primary types of cloud computing services are Infrastructure as a service (IaaS), Software as a Service, Security as a Service, and Platform as a Service. Here are benefits it has on businesses.
1. Saves You Money
Any business establishment aims to adopt a technology that provides a good return on investment. One of the ways businesses benefit from cloud services is through cloud-based phone systems. Local and international calls, Voice over Internet protocol (VoIP) are relatively lower than conventional landlines. In fact, between 2012 and 2020, the worldwide usage of VoIP is expected to generate $86.20 billion in revenue.
Another benefit of cloud computing services is that you do not incur any cost in infrastructure and other inventories. Therefore, you will save on hardware since your resources are hosted in your provider’s hardware. Your service provider charges you depending on the service package. The package can be a one-off payment or monthly payment. The point is that you relive a lot of expenditure in terms of insurance, maintenance space, power, and physical security costs.
Provides a Competitive Advantage
With stiff competition, a business should upscale its competitiveness to survive in the market. Luckily, using customized cloud computing solutions can give you an edge in the industry competition. Therefore, you should choose your cloud computing service provider carefully. The choice is dependent on the location and your company’s needs. Cloud computing and audiovisual technology can help you to stay ahead of the competition.
Data Security is a great concern for any business regardless of the size. Data breaches will affect not only your revenue, but also brand and customer loyalty. Fortunately, cloud service guarantees secure data storage and handling by complying with tight security regulations and using protection baselines such as encryption and authentication.
One of the remarkable reasons why top executives opt to use cloud computing in their business is the flexibility feature. Cloud services allow employees to undertake their work practices with great flexibility. In essence, you can easily access data and documents within and outside your workplace. This means that you can work remotely. Cloud technology enables teams to work over virtual space using audiovisual installations instead of face to face interaction. Cloud service comes in handy if you need to offer your employees flexible working conditions. More importantly, cloud computing can help to cut down office space expenditure and ultimately, total costs.
Scalability is yet another major advantage of using cloud computing services in your business. Owning a data center requires that you invest in purchasing, installing, and configuring new services which can be quite costly. Cloud services allow you to scale up or down operations and storage needs of your business especially if you experience fluctuating demand. This means that you can increase your cloud capacity if the need increases and vice versa. Cloud computing providers will charge you on a pay as you go basis. This is a big advantage if the peak lasts only for a few days. You do not have to invest in costly new services or upgrade to a higher package permanently.
Downtimes can be costly in business, especially if you rely on a particular service for core business operation. The good thing with cloud hosting is that there is a risk of downtime. The cloud environment guarantees you consistent delivery. The cloud technology uses virtual machines that allow migration between servers in case there is an issue.
Cloud computing offers numerous benefits to your business such as flexibility and cost-saving through telepresence. In addition, cloud computing enhances productivity and efficiency through fast performance. Lastly, adopting contemporary technologies such as cloud computing provides you with a competitive advantage.