Cloud computing is the on-demand delivery of IT resources over the internet. And with the world rapidly moving towards a hybrid future, businesses are increasingly leveraging cloud platforms to make their IT operations agile, scalable, and flexible.
According to a survey by the International Data Corporation, we discovered that more than 60% of Indian companies aim to use cloud platforms for digital innovation in the wake of Covid-19. While it’s easy to understand this shift, let’s dive deeper into the reasons.
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In this article, we’ll tell you more about the top five reasons why companies are increasing cloud adoption.
1. Better Insights
Did you know 79% of businesses in a survey by Accenture agreed that companies that don’t embrace big data might lose their competitive advantage and even go extinct? The fact is that businesses generate huge volumes of data on an everyday basis. This includes both structured and unstructured data, which is together called big data.
Now, the ability of a company to derive valuable insights from big data is what defines its position in the market. And that requires cost-effective ways of information processing. Another concern is that on-premises storage systems may not be able to keep up with high-volume data generation in the long run so, if you try to do everything the traditional way, you’ll need substantial investment in your infrastructure to make this happen.
With cloud adoption, this problem is easily resolved and companies can leverage the power of deriving valuable insights in real-time and make data-driven decisions, without fear of failure.
2. Faster, on-demand scalability
Scalability is one of cloud computing’s major benefits. Many businesses have leveraged the cloud to manage their bandwidth requirements, especially in their growth phase where they could scale their cloud services up and down easily based on user requirements.
On the other hand, if a company uses only on-premises infrastructure, they’d need to invest heavily in physical servers, networking equipment, and software licenses to scale up their growing business, all of which is extremely inconvenient. This is why cloud services seem like a better option for companies. They are exceptionally flexible and don’t tie down your people to one particular location.
3. Efficiency in Collaboration
Cloud computing enables efficiency in work processes. It allows collaboration on a much larger scale and allows multiple users from different departments in the company to access the required information.
The cloud technology, as also proved in times of the global pandemic, overcomes geographic restrictions and sets up multi-region infrastructure that can be accessed from anywhere. This drives better collaboration among overseas teams and contributes to business growth.
4. Ensure Business Continuity Planning
A dynamic synergy between cloud-based applications and on-premise data can ensure seamless continuity of operations across geographical constraints. This makes cloud-enabled hybrid systems the ideal solution for businesses looking to build a future-proof enterprise that is capable of protecting and securing business-critical data from any contingency, be it a cyber-attack or a natural disaster.
5. Improved Productivity
The newfound freedom and flexibility in working from home, coupled with lesser distractions as compared to the in-office workspace have translated into improved work-life balance for remote workers, making them feel more productive while improving job satisfaction scores.
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