Remote and hybrid work settings are here to stay for the near future, and they pose a challenge to established corporate practices. Organizations can adapt to dispersed workforces and solve related issues by implementing cloud-based solutions.
According to Gartner, worldwide cloud services investment is predicted to reach USD 482 billion in 2022, up from USD 313 billion in 2020. Given the expansion of remote work and hybrid work settings that rely on cloud technologies for optimized and efficient operations, such an increase is unsurprising.
The issue for IT leaders is to establish their own roadmap to the cloud, one that is tailored to their individual needs rather than following a cookie-cutter strategy. Thankfully, new cloud technologies can help them construct a tailored cloud journey, and they can do it in ways that make true cloud transformation more achievable than ever before. Here are three reasons why savvy businesses will benefit significantly from cloud computing.
Facilitates effective teamwork
One of the most compelling reasons to adopt the cloud is its capacity to facilitate team communication, which is becoming increasingly important as companies migrate to more distant work. Teams can access data when they need it, regardless of geographic location, because it is securely stored and available in a centralized, searchable database. For example, invoices are digitized and data is consolidated rather than stored in file cabinets with cloud-based back-office systems, allowing accounting teams to access data through a portal. Finance professionals and corporate executives can check the status of each invoice, evaluate patterns, generate management reports, and communicate critical financial data with finance teams to help them predict, make estimates, and plan budgets more accurately.
Teams have more time to collaborate on areas that save their business money, such as dynamic discounting, rebate programs, supply chain financing, and other solutions, and, perhaps most importantly, strengthening relationships with customers, by trying to replace time-intensive manual accounting tasks such as chasing approvals on invoices.
Security as an enabler, not a barrier
Some businesses are still hesitant to use cloud services because of security concerns. Aggressive cloud adopters, on the other hand, are flipping that notion on its head, understanding that security can transform from a barrier to cloud adoption to an enabler. Since cloud providers have far more competencies and knowledge to catch pace with the always-evolving threat landscape, this is the case. For example, the ordinary company lacks the expertise to implement data security for cloud services not just at the application layer, but also at the database and microprocessor level. IT leaders will never, and should not, give up their information security strategy. The day-to-day management of information security, on the other hand, will increasingly be delegated to cloud providers.
Provides additional options
Customers will want a variety of cloud options, including public cloud, private cloud, and hybrid cloud, as well as the ability to manage all workloads uniformly across those environments. When it comes to clouds, there is no such thing as “one-size-fits-all.” Some workloads will be moved to a cloud platform and infrastructure in a lift-and-shift fashion. In other circumstances, businesses may want to undertake development and testing in the cloud before moving to a similar on-premises infrastructure for production. Due to regulatory issues, some may prefer the flexibility of pay-per-use cloud services managed by a cloud provider, but with the real hardware sitting in their data center. The adoption of cloud computing will be driven by choice and flexibility.