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Insights on money, career and trading

Your Business Can Cut Costs With Cloud Computing

Posted on June 17, 2014 by Daniel at 10:14 am

While the decision faced by many businesses to move either some or all of their IT capabilities into a Cloud can be difficult, the obvious cost-efficiencies involved make it a little easier. One study of UK and US companies found almost 90% of those using Cloud based services reporting savings, and over half agreeing that the Cloud had boosted their profit margins. Further, more than 60% had then been able to take those savings and reinvest them into the business, driving product innovation and giving employee wages a boost. Where do these efficiencies come from?

No Capital Investment

The cost of buying new software or developing it in-house can be dramatically expensive, especially for new start-ups, but since Cloud services run on a subscription basis there is little to no upfront investment needed.

All processes are operated through a browser so installation and maintenance requirements are minimal, and there is a predictable monthly cost which helps significantly with budgeting. More than this though, because Cloud providers need to remain competitive, they will automatically upgrade to the latest versions of software as they are released meaning businesses are always using the latest specs.

Scalability

One of the advantages of outsourcing it managed services is that Cloud solutions can be tailored to suit the specific needs of each business, from small to large. These solutions can be quickly adjusted to accommodate changes as they arise. This means that companies might only pay for the software they require at any given time, avoiding unnecessary expenses on packages that may not be consistently utilized.

If business needs change requiring more or less capability, it’s very easy to arrange. If you are looking for managed IT services in Idaho, you may wish to look here for more info on the best IT management service in Sun Valley, and get started with a Cloud solution that is just right for your business.

Mobility

Today it’s vital for companies to be connected to their employees, partners and clients 24/7. Cloud packages enable this, for instance by making it easy for video-conferencing over multiple sites, or for staff to connect to CRM systems through their mobile devices. No matter where an employee is, if they have an internet connection they can collaborate on projects in real-time, or communicate with colleagues.

Fewer Infrastructure Requirements

Since large volumes of data and various platforms are hosted off-site, there is less need for bulky servers, and IT resources can be diverted elsewhere. A reliable internet connection gives employees all the access they need to their essential business functions.

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Insights on money, career and trading