The cloud has been the talk of the town for some time now. The technology has emerged as a business savior amidst the unprecedented times of the novel coronavirus. It has helped businesses save billions of dollars during this pandemic.
Today, cloud-based software and services provide great growth opportunities to even smaller businesses at quite affordable prices. It is one reason why cloud technology is termed as one of the most important innovations in the business realm over the past couple of decades.
Here we will talk about the cloud’s growth in the post-pandemic world and how cloud technology can help you grow your operations to make your business more productive, efficient, and profitable.
The Cloud Growth After the COVID-19 Outbreak
Cloud technology has always been growing at a significant rate. However, the urgency-driven phase that the digital transformation has entered due to the COVID-19 pandemic has drastically accelerated the cloud’s growth.
The global cloud computing industry is expected to reach $832.1 billion by 2025 from a value of $371.4 billion in 2020, growing at a phenomenal CAGR of 17.5% during the forecast period.
The pandemic has forced organizations across the globe to put aside their existing plans and reconfigure their operations quickly to implement remote work on a large scale. This was made possible by adopting cloud technology.
Industry experts believe that the cloud’s extraordinary growth is here to stay and that the businesses adopting the cloud technology are future proof. Flint Brenton, one of the Forbes Council Members and the President and CEO of Centrify, says, “The post-pandemic future is in the cloud.”
How Does Cloud Help you Grow your Business?
Irrespective of whether you own a small business or a large organization, the cloud brings tremendous opportunities for you to stay on an upward growth trajectory. There are several factors through which cloud computing helps you grow your business.
The following are some of how the cloud ensures your business growth:
The cloud ensures that your business doesn’t rely on one person to perform complex jobs. With the cloud’s efficient data processing capabilities, you can allot a single task to collective specialists to get it done.
A New Horizons report suggests that the cloud gives your business the advantage of providing your employees a smooth connection and access to productive, collaborative tools.
Moreover, as your data and resources are stored in the cloud, you don’t have to worry about hardware failures or a virus infecting your data irreparably. This increases the overall productivity of your business.
With cloud computing, you don’t need to buy expensive hardware machines. All your data and resources on the cloud can be accessed using existing systems. All you need is a connection to the internet.
Thus, you save huge amounts of money that go into procuring these devices and save the amounts that you have to invest in maintaining them. Also, the cloud products and services are available at affordable prices, which further increases your organization’s cost-efficiency.
Secured Data Storage
Ensuring the security of your critical business data is paramount in today’s hypercompetitive market. You lose your data, and you may be staring at a failed business. Therefore, the cloud gives utmost priority to the security and privacy of your data.
Your data and resources stored in the cloud are protected using numerous sophisticated data encryption and multi-factor authentication measures. Moreover, tight security is deployed around the data centers to safeguard your data against any physical threat.
Cloud automation has been an exciting development for businesses all across the world. You can smartly set up a cloud server and automate tasks like social media posts and update your subscribers’ emails. It helps you cut down your workloads and offers you and your employees some time out of your hectic schedules.
Scalability is one of the most important advantages you can have with the cloud. It helps you cater to your changing business needs and hence is conducive to your business growth.
Whenever you feel the need to scale your cloud resources up (or even down), you merely need to raise a request with your hosting provider, and the rest is taken care of. It is also cost-efficient as you are required to pay only for the resources you are using.
The novel coronavirus has made remote work one of the most significant impactors to modern businesses. It has shown that unprecedented times like these can be effectively dealt with if you have the necessary resources at your disposal.
Cloud technology plays a huge role in enabling you to incorporate remote work on a large scale. Cloud servers ensure seamless communications between employees and facilitate smooth sharing of resources amongst them, irrespective of their geographic locations. It provides great flexibility to your business as all your employees can work from anywhere and at any time, ensuring the growth of your business.
Reduced IT Demands
Another impressive thing about cloud technology is that you get comprehensive support for your products and services from the providers. You get prompt and efficient services from the supplier who always strives to keep your business up and to run.
You don’t need to employ a dedicated IT team to look after your operations. Moreover, if you wish to debar a certain system from the list of trusted machines, your supplier will promptly remove it to ensure the system has no access to your business data and resources.
Your cloud system is not bound to a specific location and can be accessed from anywhere in the world. This allows you to share the information stored on the cloud with multiple experts simultaneously. That way, you can ensure you are getting things done in the best possible fashion.
Therefore, the cloud opens great collaboration opportunities for you to explore. It can be tremendously beneficial for your business as you can seamlessly collaborate with the business’s best.
Effective Backup and Recovery
Being able to retrieve back your data in the event of a loss is extremely crucial to your business growth. Cloud technology offers superior data backup and recovery capabilities that ensure you get back your data as soon as possible and continue making progress in your business.
We have seen the various ways in which the cloud benefits your business and ensures that it keeps flourishing day by day. It gives you the advantage of competing with giant organizations in the digital realm. All the benefits it offers make it a go-to technology for all businesses aiming to become more agile, open-ended, and profitable.