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Is Cloud Computing Right For Your Business ?

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The cloud, cloud computing, SaaS…like it or not, we hear these terms mentioned incessantly in the technology and business world. And for a good reason – the benefits of cloud computing are vast.

Businesses around the globe are facing fierce competition – no matter the country, industry, or customer. Digitalization, sophisticated consumers with increasing demands, and lower margins are causing organizations to adapt their businesses, products, and services in response.

These companies are looking high and low for new growth opportunities, better business models, cost-cutting options, and increased efficiencies in ways that standardize and simply their businesses from one end to the other.

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The whitepaper The Cloud: When & Why from Success Factors, an SAP company, summed up the biggest benefits of cloud computing perfectly below:

Speed Simplicity

Lower Risk

LOW COST

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1. Speed

With cloud deployments, capacity and location planning are no longer in the hands of the customer, but are the responsibility of the cloud vendor.

This allows companies to respond quickly to any business changes that may arise unexpectedly because operations are handled by the cloud vendors.

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2. Simplicity

Users access cloud applications on standard web browsers anytime, anywhere.

Using web style user interfaces, like that of eBay or Yahoo, allows for more widespread adoption across the company without the need for detailed training.

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3. Lower Risks With a pay-as-you-go, subscription-based cost structure, cloud services require a lower initial investment and typically much lower overall costs than on-premise.

In addition, cloud solutions provide an “easy out” if the customer is dissatisfied with the product.

Therefore, the business risk is in the hands of the cloud vendor and not the company itself.

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4. Time Value

Time to value with cloud solutions is significantly lower than with on-premise applications.

A “go live” for cloud solutions takes typically 2-3 quarters, whereas on-premise solutions require 2-3 years to implement.

Not only is implementation time reduced, but the IT resources required to roll-out cloud solutions are much less.

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