It is every individual’s or organization’s purpose to have their business grow at an exponential rate. There are a lot of factors that act as hindrance or delay such a process. Some of them, can be addressed and perhaps even sorted out by the use of cloud computing. While this does not guarantee exponential growth immediately, it is certainly a great and beneficial step towards achieving this.
While looking at the following we appreciate that the practical use of these, cloud computing will definitely improve a lot in a manner of speaking. Cloud service has become so popular that even if you aren’t using it in your business, your employees are likely using it on their own – and this can be a security risk for your company. Instead of allowing employees to save business files on various cloud providers, regulate your working environment by providing a cloud computing partner that everyone can share. Though it is mostly mistaken to suit startups, the assumption is wrong as all businesses even successful ones are always looking for better ways to operate their business.
So startup or enterprise, here are a few things you may want to look into or address to achieve exponential growth.
1. It offers agility to business
For any business to grow, it finds a strategy within the parameters of a scalable and repeatable method for growth, driven by product and inspired by data. General business growth goals are based in marketing but driven by product instincts. The point is to increase the conversion volume. This is usually done by increasing site traffic and optimizing the conversion funnel. This is the end goal of every business; to build a self-perpetuating growth machine and that is where cloud computing services come in.
2. It reduces capital expense or CapEx
When a business moves onto the cloud the thing that will be first noticed by the business emptor is that there is no capital expense that is there is no expenditure towards purchasing capital goods. What is being paid for is what is being used. That in itself is a major cost saving. For example, picture setting up a datacenter and populating it with numerous servers. The absence of CapEx means startups, small-scale and medium-scale enterprises can obtain the computing infrastructure only at a portion of the cost so all savings and other funds can be rechanneled to their core business.
3. It facilitates better use of resources
The cloud allows self-service, malleability and metered billing or unit charging. That is the enterprise is able to obtain the computing services when they require them and does not depend on the Vendor supply. This means that you can buy computing power only to handle high user capacity and release them when the user capacity drops. For instance, an e-commerce site will most likely require a lot of computing power during Holidays like Christmas or Valentine’s Day when the shopping activity is high and might not necessarily need them at other times of the year where purchasing activity is average. And best the best part is that you pay for only what you use! This allows businesses to deploy financial resources to develop their core business.
4. It lessens operational issues
Cloud computing eases everything for people as they do not have to go through the trouble of installing any one thing or save anything at all, and they do not run into some unusual glitch regarding compatibility etc. In addition to that, cloud computing is accessible from any place, it is portable. This is therefore very convenient for companies or big firms and enterprises as it does not have operational limitations.
5. It facilitates companies to start new business models.
Corporations have come to realize that there are numerous great ideas buried inside their ranks, and are putting in place processes to help those bubble up and get developed. By using cloud computing as a way to gain immediate access to a level of technology that was previously restricted to companies with large IT resources companies are able to develop new business models.
In summary, if you expect your small business to grow, you need to deal with a variable activity load, you are short on capital, you are looking to move CapEx to OpEx, or you don’t have technology expertise in-house, then the cloud offers real value and can help business growth
Poised for significant growth over the course of the next five years, cloud-based computing offers the opportunity for tremendous potential profit, but it is important to stay on top of industry changes to identify the direction it would be taking so that you may stay at the top of growth.
Cloud computing is already being implemented in businesses large and small around the world. If you’re in growth mode now may be the time to consider upgrading to this outstanding new technology.