15 irresistible benefits of cloud computing for business
Despite the growing trend in businesses moving to cloud-based solutions for running their operations, some are still uncertain about making the switch.
Spending on cloud services has grown strongly over the last 10 years, and the numbers are predicted to only increase further.
Businesses who have made the move are reporting marked improvements in time to market, process efficiency, profitability, and business growth.
But if you’re still trying to get a handle on whether you should move your business to the cloud, here’s 15 irresistible benefits of cloud computing that you should consider.
- Reduced IT costs
- Reduced capital expenditure
- Flexible costs
- Automatic updates
- Always-on systems
- Accessibility & mobility
- Better collaboration
- Improved control
- Increased quality
- Real-time insights
- Stronger security
- Disaster recovery
- Environmental sustainability
- Increased competitiveness
Let’s look at each of these advantages of cloud computing in more detail.
1. Reduced IT costs
Many organisations are concerned about the costs of moving their business systems to the cloud.
But it’s important to evaluate the cost of moving the cloud in terms of ROI, and not just look at the initial cost of making the move.
Moving your business systems to the cloud means that you no longer have to spend money on managing and maintaining IT equipment and systems.
Not only will you reduce your hardware and infrastructure costs, you may also be able to reduce the size of your IT team, without impacting the performance of your operations at all.
2. Reduced capital expenditure
When you adopt cloud computing for your business, not only will you save money on the ongoing management of your IT, but you’ll also reduce your capital expenditure.
Because most cloud solutions function as software-as-a-service (SaaS), you’ll pay a monthly or yearly fee to access the software, which becomes an operating expense.
Choosing a cloud solution means you no longer have to find the cash to invest in hardware, facilities, utilities or data centre infrastructure.
3. Flexible costs
Not only does moving to the cloud reduce your up-front costs, but the flexibility of SaaS pricing also can help to reduce your ongoing costs.
The nature of cloud software is such that you only end up paying for what you actually use.
Don’t need that feature or that module? Then don’t pay for it. Need more storage space or users? Just upgrade your plan.
Cloud business systems allow you to start with just what you need and add to your package as your business grows.
This flexibility in pricing ensures that you don’t pay any more than you need to.
Connected to this flexibility in costs for cloud software is the ability of cloud-based solutions to quickly and easily scale to your business.
If your business has a sudden spike in demand, resources can be added to accommodate this short-term need, and then removed once the peak has passed.
And this can all be handled by your cloud provider, meaning that you don’t need IT staff on hand just to handle these kinds of short-term situations.
Over the longer term, as your business grows, cloud solutions also simply grow in step with you, ensuring that your business is supported and efficient no matter how big you get.
5. Automatic updates
One of the huge advantages of cloud computing for businesses is the fact that you always have access to the latest version of the software.
No more having to wait until you get time to install updates or upgrades, or waiting for long periods – months or even years – for the next major release.
And you don’t need an in-house IT team to roll out the latest software to all of your staff either.
With the cloud, you get the latest features immediately, and updates happen more frequently, ensuring that your team is productive at all times.
6. Always-on systems
Cloud providers work hard to ensure that their software is extremely reliable, with many of them managing 99.99% uptimes or higher.
This always-on nature of cloud solutions means that so long as your team have an internet connection, they can be working away in the business.
And some SaaS solutions also have offline availability, meaning that your business never has to stop, no matter what else is going on.
No more downtime or waiting around for systems to reboot!
7. Accessibility & mobility
Along with the always-on nature of cloud computing comes the power of access from anywhere.
Users can generally access cloud solutions with any internet-connected device, whether that’s a smartphone, tablet or laptop.
This mobility empowers everyone in your business to stay in contact with co-workers and up to date with what’s happening in the business.
This gives your team incredible flexibility in the ways that they access the system, no matter where they are, whether they’re working from home, commuting or providing services in the field.
And this flexibility also improves work-life balance and employee satisfaction, so it’s win-win.
8. Better collaboration
The accessibility of cloud services also improves collaboration between team members, no matter where they’re located.
Having real-time access to information ensures that co-workers stay connected and on the same page, improving engagement and strengthening working relationships.
Having documents located in the cloud also ensures that everyone is working with the same version of information, and updates are available to everyone immediately.
Internal communication is improved, resulting in better customer experience and higher quality results.
9. Improved control
The more that your team collaborates on documents, the more important it becomes to ensure that your document control processes are robust.
There’s nothing worse than conflicting versions of documents and lost work
Cloud services allow your business to store documents centrally and provide all team members with a single version of the document.
This centralised control of your business information and documents ensure that your team are working efficiently.
10. Increased quality
Along with better control and sharing of documents is the ability to maintain consistency in data and track updates and revisions.
Cloud services include mechanisms to ensure that data integrity is preserved and that conflicts don’t arise.
This reduces errors and improves the overall quality of your business data and ensures that your data can be relied on to make important business decisions.
11. Real-time insights
Your business data contains millions of points of data that can be used to improve your business.
But if your data is hidden in silos of data, on local machines, or in disparate forms, then it can be hard to see how your business is doing, and what direction to take next.
Moving your business systems to the cloud allows you to get better visibility over your business performance, in real-time, so that you can make informed decisions.
Many cloud services also bundle in reporting and analytics, to make it even easier for you to glean those valuable insights that will help your business grow.
12. Stronger security
Security might not be the first thing that comes to mind when considering the cloud for your business systems.
After all, isn’t it safer to have all of your business data stored safely on site?
Remember that most servers, computers and devices have an always-on connection to the internet, which means that anyone with the right skills and enough time can gain access your data.
One of a cloud host’s jobs is to closely and constantly monitor the security of their systems, to ensure that no-one gains unauthorised access to your business data, whether that’s internal or external.
In fact, many businesses find that security improves when they switch to the cloud, and others report that being cloud-based actually makes it easier to comply with regulations.
Cloud solutions use encryption to protect your data while it’s being transferred via the internet and in storage, and access permissions can be easily set on a user-by-user basis.
13. Disaster recovery
Things can happen that are out of your control, whether that’s a fire, a natural disaster or a power outage, which can lead to loss of data and downtime in your business.
How quickly could your business recover from a disaster, if your systems are all on site?
Cloud-based services provide rapid data recovery and ensure that all data is backed up regularly and securely, ensuring that you can be up and running quickly after a crisis.
It also can protect against data loss in the event of minor incidents, such as laptop being stolen, lost or damaged.
Storing your business data in the cloud ensures that all data remains safe and accessible, no matter what happens, allowing for effortless business continuity.
14. Environmental sustainability
The efficiency gains of cloud-based computing also translate to benefits for the environment.
Because you’re only using the resources you need, thanks to the flexibility of cloud services, you’re reducing the waste that happens when you have your business systems on-site.
Cloud providers around the world are also working hard to ensure that their data centres are energy efficient and sustainable.
So by moving your business to the cloud, not only do you gain all of the above benefits to your business performance, you’re also improving your green credentials.
15. Increased competitiveness
Choosing to move your business to the cloud provides with you with a distinct competitive advantage.
When you consider all of the benefits of cloud computing for your business, you can see that switching to the cloud, gives you an edge over your competitors who choose to keep everything local.
Using cloud-based services also allows your business to adapt and respond more quickly to changing conditions or market demands.
With solutions, you can roll out new internal systems in record time, and release new products to the market more quickly, ensuring that you remain ahead of the pack.
Is it time to claim the benefits of cloud computing for your business?
As you can see, there are many advantages of moving your business systems to the cloud.
By making the move, your business will be more efficient, more informed and more profitable.
If you’d like to discover how NextService, our built for NetSuite, cloud-based software for managing field service operations, can help make your business run more efficiently, please download our product brochure below.
Or contact us to book in a one-on-one demonstration today.