Research from Gartner forecasts that cloud computing will make up 20% of all IT budgets in 2013.
Growth in cloud-based business solutions is usually credited to its lower total cost of ownership (TCO) delivered when compared with traditional on-premise models. Certainly the cost savings available to business taking up cloud computing were an invaluable marketing tool, particularly against the economic backdrop of the Global Financial Crisis in the late 2000s. But whilst cost effectiveness is a compelling reason for its adoption, there are many other equally persuasive advantages offered by the technology.
Five more cloud computing benefits
- Free up internal resources – no in-house maintenance and management of a cloud-based solution that apply with the traditional on-premises model. IT capabilities can be streamlined to deliver value-driven activities.
- Reduces bandwidth pressure – by completing business processes outside your network, more capacity is available to complete tasks faster and more efficiently.
- Immediacy – with no software or hardware installation required, cloud solutions can be activated right away meaning no downtime and no hours wasted.
- Scalability – cloud computing uses IT resources on demand. It allows scale-up of IT capabilities instantaneously, in line with business growth.
- Business agility – cloud computing can identify limits to business processes and make them more agile. This provides managers with an opportunity to focus on core capabilities without distraction by issues that may be outside their expertise.
The cost-savings from cloud computing are significant; and by taking a more in-depth look at the greater benefits associated with its adoption, businesses have far more to gain.