How Is Cloud Technology Making A Difference?
For the last few years, cloud computing has been around.
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Updated November 2026. This was first published on 15 December 2021. The idea is the same. Any number below is what the original piece said then. It is not a new count.
Key takeaways
- For the last few years, cloud computing has been around.
- Various surveys and data indicate that this approach can improve business efficiency, cost advantage, and competitive advantage.
- But, despite all this, it has been observed that a large segment of the business world still operates without using this technology.
For the last few years, cloud computing has been around. Various surveys and data indicate that this approach can improve business efficiency, cost advantage, and competitive advantage. But, despite all this, it has been observed that a large segment of the business world still operates without using this technology.
As per a study conducted by the IDG (International Data Group), almost 70 percent of businesses across the world are already using cloud technology in some way or the other. Also, another 20 percent are planning to implement cloud technology soon.
According to Dell, those companies that consider cloud and other things big data and mobility can enjoy up to 55 per cent growth in revenue compared to those that do not. It is a clear indication that businesses are gradually inclining towards recognizing the cloud computing benefits. More than anything else, these businesses favor using this facility to operate the business efficiently. That way, they will be able to serve their clients better and dramatically improve the consolidated profit margin.
Almost 95 percent of the businesses have claimed that they have witnessed an improvement in business post switching to the cloud. Also, nearly 90 percent of the businesses said that cloud computing has made it much easy to cover government requirements.
All of this indicates the apparent direction in which things are moving. And, things are indeed moving at a very high speed. And those who are yet to get into the water, there can never be a better time than now.
Cloud computing has gained a lot of appreciation in the last few years. Due to an exponential increase in the use of information and data, there has been a strong need for society to move to the digital world.
Presently, it is becoming more and more difficult for people and companies to keep vital information and systems in running condition using in-house resources. The way out is the option that has always been around since the birth of the Internet but has gained popularity only recently, especially in business.
Cloud technology is based on the same logic as web-based email. It allows users to access all the information and features of a system without the need to keep any bulk on their systems. In fact, a lot of people are already using various cloud computing services but may not be aware of it. There are various email applications and social media sites that are all cloud-based applications.
While using these services, users send data and information to a cloud server that holds such information for future use. The services are not just useful for personal use but are even more valuable for business applications. Using such systems, it is possible to easily access a large volume of data within just a few seconds over a secured network. A common example is the access of user information using cloud applications such as CRM. It is now possible to access such information even from a smartphone or a tablet from anywhere on the earth using just the Internet.
Still, some leaders are reluctant to commit to cloud computing solutions for work.
If the concern is the price tag while trying to switch to the cloud facility, you are not the only one. Almost 20 percent of the companies, across all sectors, are concerned about the initial expenses to implement a cloud-based system.
But, once businesses are on the cloud, it becomes easy to access data and save time and money. Also, since most cloud services follow the pay as you go model, there is a possibility of paying for anything unnecessarily.
It is evident that companies would worry about security concerning the cloud. But, many do not know that the full-time job of a cloud host is to monitor security carefully. Comparatively, it is far more efficient than any in-house set-up.
Suppose the existing IT set-up of a business is too focused on computers and data storage. In that case, it will likely be a challenge to focus on business goals and customer satisfaction. On the other hand, if there is a provision for another entity to handle the entire IT infrastructure, the business will get more time to look into the crucial aspects of the business.
Cloud computing can allow mobile access to organizational data through various devices like the smartphone. It is undoubtedly a convenient way to ensure that nobody is left behind.
As one goes deeper into the digital age, it becomes clear that the slogan knowledge is power has transformed into a more modern and relevant form. The only thing is, it may be hidden under thousands of bits of data. Such actionable and invaluable information is waiting to be discovered and acted upon. All that is needed is the right cloud technology to access it all.
Cloud computing makes collaboration a simple process. It is possible to view and share information quickly and securely. These days, cloud platforms can help connect employees across an company, similar to a collaborative social space. Such facilities can help increase engagement and interest. But, in the absence of the cloud, collaboration may not be so effective and easy.
Quality Control #
All information and data are stored at a single point and in a single format in the cloud system. So, data consistency is easily maintained since everybody has access to the same information. Nothing can be more detrimental than inconsistent or poor-quality data in business.
If the data is consistent enough, there would be less possibility of any error and minimization of confused and diluted data.
The main factor that contributes to the success of any business is recovery. Unfortunately, even a minor downtime can lead to superabundant downtime. In business, such a situation may lead to a profound loss not only in terms of revenue but also in terms of reputation.
So, it is clear that cloud technology can help gain an advantage over other competitors in a sustainable way.
Questions and answers #
What is the main point? #
For the last few years, cloud computing has been around.
What else did the original piece say? #
Various surveys and data indicate that this approach can improve business efficiency, cost advantage, and competitive advantage.