How Cloud Computing Saves Money for Business

How Cloud Computing Saves Money for Business

IT is arguably one of the most expensive aspects of doing business. It’s not just the equipment, it’s also the staff that maintains the equipment and keeps your software running. There is also the never-ending need for ongoing training so your experts stay current with technology advances.

It is all necessary expense, just so you can get on with business. No wonder some companies limp along with outdated, slow computer systems or non-supported software. Sometimes, “if it ain’t broke don’t fix it” is a fine philosophy. But when applied to IT maintenance the consequences can be expensive and even threaten a company’s survival.

Can cloud computing solve these problems, and actually save money for business? Here are three real-world examples of how the cloud can save money, and increase market value at the same time:

Cloud Computing – the hero of modern business processes.

If there’s one thing cloud computing does, it is level the technology playing field:

  • Small businesses have access to the same sophisticated technology as giant corporations.
  • Infrastructure costs plummet, making it less expensive to stay up to date.
  • Support costs are predictable and reliable, removing the threat of unexpected budget disruptions.

Cloud computing levels the technological playing field. Small businesses can often make even bigger savings with Microsoft’s scalable cloud services. Subscriber charges depend on the services needed and the number of users. It cuts waste, tailoring IT perfectly to demand. Those with smaller needs have smaller costs.

Cloud Computing Saves Your Tears

WannaCry, the ransomware attack earlier this year, put entire business communities in a panic. If the UK’s NHS could get so comprehensively hacked, what chance the rest of us?

We’ve already mentioned how updating equipment and software costs money. And how it’s tempting to hang onto outdated or obsolete versions while they’re still working. The risk is that unsupported software opens up security cracks, such as those that the WannaCry virus so eloquently took advantage of. Companies running Windows 10 were safely out of harm’s way, as their security easily defeated attempts to infiltrate their systems.

It is a false economy to neglect computer security when hackers constantly find new, sophisticated ways to break through. Cloud computing reinforces your barricades so your system stays safely locked down.

Revolutionise Innovation and Product Development

If you can imagine it, you can do it – or so the saying goes. Obstacles to realising this dream include having to upgrade equipment and infrastructure to run new processes. Cloud-based services empower scalability like nothing else.

Before the cloud, if your servers didn’t have the capability to experiment with new developments, internal IT teams were hobbled to what was available. The cloud frees you from the restraints of current computing power, offering an inexpensive platform for experimentation without long-term commitment.

An example is Uber. While they’ve run into problems just lately, those are nothing to do with the way the business operates in the cloud. Only the low cost scalability of IT in the cloud makes such innovation possible.

Another example is the growth of the internet of things. Coupled with cloud analytic capabilities, companies can access amazing process automations. No successful business stands still. Today’s latest product is next year’s amusing relic. The pressure to develop new products, quickly and without risking too much capital, is real.

Migrating to the cloud saves money for businesses in many different ways, including actual monthly expenditure on maintenance and by offering scalable innovation opportunities. It’s more than a trend; it’s already the established way to ensure your business stays competitive.

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