While cloud computing has been around for approximately two decades, a large portion of businesses continue to operate without it. However, an increasing number of tech-savvy companies recognize the many benefits and claim faster revenue growth than their competitors. With all the advantages cloud computing holds, there has never been a better time to get your head in the cloud.
When weighing the advantages and disadvantages of using the cloud, more factors than simply the initial price need to be considered. With no hardware, space, or physical investments to look after, equipment maintenance is eliminated. In fact, organizations who shift to the cloud see a 40 percent reduction in total costs of ownership. Additionally, most cloud services are pay-as-you-go, eliminating the cost of features not wanted nor needed. This pay-as-you-go system also applies to the amount of data storage space you need to service clients and stakeholders at any given moment. You can get exactly as much space as you need and not be charged for any you do not. Together, these factors equate to cost savings.
Flexibility = Efficiency
Since clients can increase or decrease the amount of data storage they need, companies are able to easily respond to the changes in their business needs without long-term capital investments such as purchasing new hardware. And since cloud resources are off-site, clients can review, access, and update them without restrictions. Are your current IT solutions forcing you to devote too much attention to data-storage issues? Relying on an outside organization to handle all of your IT infrastructure will allow you to devote more time towards your business instead. This freedom and flexibility can make a significant difference in your organization’s efficiency.
When it comes to adopting a cloud-computing solution, many organizations have security concerns. After all, how can you know whether your files, programs, and other data are protected when not kept securely onsite? What’s keeping a cybercriminal from remotely accessing your data when you can do the same thing? Quite a bit, actually. A cloud host’s full-time job is to monitor security and accomplish this more efficiently than in-house systems. In fact, 94 percent of businesses who move their data to the cloud report notable online security improvements.
The key to this amped-up security is the encryption of data when transferred over networks and stored in databases. Encryption makes information less accessible by anyone not authorized to view your data. Additionally, 91 percent of businesses say the cloud makes it easier to manage governmental compliance requirements. Stringent access controls along with high levels of data encryption satisfy HIPAA, PCI-DSS, and the EU’s GDPR requirements while providing the client peace of mind.
The old adage, “knowledge is power” could not be more true as we move further into the digital age. Hidden within the millions of bits of data surrounding customer transactions and other business processes are nuggets of invaluable information. Sifting through all of this data, though, can be time-consuming and difficult. However, many cloud-based storage solutions offer analytics, a bird’s-eye view of your data. You can create customized reports with insights to help you increase efficiencies and develop action plans. While knowledge is power, data is money with the help of the cloud.
Let Excipio Help You Migrate to Cloud Storage
With our proven Economic Analysis Modeling and Methodology (EAMM) process, clients are provided a comprehensive analysis to help them make highly informed decisions about their technology strategy. If you are ready to learn more about what cloud storage systems can do for your organization, contact us or call 918-357-5507 today. With Excipio’s elite team, your company will be sitting on cloud nine.