Since the midst of 21st century, the focus on building brands with more products has left the market in an unstable state. Hence, dynamics between the customer and provider is drastically evolving. From harnessing consumer preferences to streamlining processes, technology has elevated how business is conducted today and cloud computing is the leading instigator to that.

There is no denying the fact that cloud computing has transformed the way one obtains services, bringing a transparent yet flexible medium that connects the world. Majority of all operations take place in cloud at the behest of a decent web connection, making it a profitable place for business to thrive. This maverick solution is augmenting the various functions to maximise on efficiency— a goal that every business aims to achieve.

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Here are a few reasons why companies should migrate to cloud:

Cost efficient:

Moving to the cloud is an economical option as it saves the direct cost of purchasing, managing and upgrading the systems on a regular interval. Maintaining a well oiled IT system involves a greater expenditure in its upkeep. using one-time-payment, “pay as you go” model, along with other customised packages helps convert capital expenditure to operational expenditure, significantly lowering IT costs. Also, one only pays for the resources that are consumed, making it an efficient solution to invest in.

Storage space:

This has always been an issue that organisations had to fret their minds over- regular constraints have hindered the process. Now, businesses will no longer require file storage, data backup and software programmes which take up undue space as most of the data would be stored in remote cloud servers. Not only cloud frees in-house space but also provides unlimited space in the cloud, owing to its expandable framework.

Fault resilient:

It is a common thing notice while using own servers- the requirement to purchase more hardware t in case of failure. Also, servers aren’t infallible, being intrinsically susceptible to crashes. Migrating to cloud not only adds reliability to the systems but also keeps information highly available, reducing redundancy and increasing accountability. Also, cloud service providers have inbuilt recovery and backup systems, which helps business avoid significant up-front investments.

Scalability:

The beauty of cloud computing lies in scalability that comes off as a great aid this ever-evolving market. With cloud computing, businesses can easily expand existing computing resources, the ability to optimise resources from the cloud enables them to escape the constant large payments of hardware and software, making operational costs minimal. The flexibility of the cloud-based model assumes there’s always some shared resources to tap into as needed, making it adaptable to various needs.

Lean management:

With cloud, businesses can perform their processes on an efficient manner, keeping the variability of the market in mind. Cloud migration streamlines work, helping the workforce to focus on their core task of monitoring the infrastructure and improving them, leading to lean management that drives profitability. This can be accessed over the Internet from any device, as opposed to using private connections for accessing an on-premises solution. With all this salient features, one needs to keep a keen eye for the requirements.

Migration to cloud computing platforms requires essential changes and sound knowledge of latest technology under an intrinsic awareness. Leaders should visualise the migration as a business re-engineering process rather than an architectural change.

With plethora of options available, business leaders are often confused about which cloud computing technology suits their needs. The choice is up to them, with correct guidance and knowledge.

(The writer is chief executive officer, Yitsol Technologies)