At the beginning of the 2010s, it would’ve been difficult for anyone to imagine how cloud computing would change the outlook of the entire IT industry in the coming decade. But now, after a pandemic that forced the world to abandon offices and limit movement, even thinking about how the business world could survive if not for the cloud feels a little absurd.
With 92% of enterprises relying on cloud solutions to run their operations today, the debate surrounding the necessity of the cloud is no longer about whether your business should consider a cloud transfer. Now, it’s about when and how the transfer should happen.
Stakes of Transferring Your Business to the Cloud
As more businesses begin to understand the importance of keeping up with the latest technology and yielding the power of data, the cloud plays a significant role in supporting this forward momentum in the most affordable and seamless ways possible. With the way it can positively impact different business areas in the short and long term, the cloud doesn’t disappoint in this regard. Here, we will discuss several ways a cloud transfer could benefit your business.
Reduce Operational Costs
Setting up and maintaining on-premise infrastructure for software solutions is a costly process. From necessary hardware components, such as servers and networking devices, to services of technical experts, businesses make a huge upfront investment to introduce on-premise solutions. Add to that the expenses of regularly maintaining and upgrading these components, it doesn’t take long for the costs to snowball by just running a moderate-level software solution on-premise.
However, relying on the cloud eliminates the risks and costs associated with on-premise solutions. With the pay-as-you-go model followed by cloud services, you can run the software, paying only for the resources you use. Utilizing hardware and software infrastructure maintained by a third party allows you to rely less on technical experts, so you can focus on the tasks at hand. According to Accenture, such cost reductions brought by a cloud transfer stretches as far as 30-40% total cost ownership (TCO) savings.
Whether yours is a small business or a large enterprise, a cloud transfer allows you to find a solution that fits under your budget and scale up as your business requirements grow without taking unnecessary risks in the beginning.
Make Your Business Location-Independent
If there’s one thing the ongoing Covid-19 pandemic taught us, it’s the importance of making a business accessible from anywhere. At the beginning of the pandemic, we saw some businesses fall behind their competition due to difficulties in managing and maintaining on-premise software solutions. This situation created a huge increase in cloud transfers in the business world, forcing 90% of companies to exceed their pre-Covid cloud spending budgets.
The cloud releases you from the burden of managing on-premise hardware and setting up advanced networking solutions to make your business truly location-independent. If your business processes are hosted on the cloud, the only requirement employees must have to continue working is a reliable, stable internet connection.
Benefit From The Power of Big Data
As data flowing through business systems continue to grow in stride, not having proper big data solutions in place to analyze and draw insights from data is one of the biggest mistakes a business can make today. Using on-premise solutions for processing such huge data volumes is not affordable or cost-effective in most cases, especially for small to medium level businesses.
However, its alternative, cloud computing, provides a more affordable and easily scalable option for businesses working with big data. Also, its flexibility allows companies to experiment and fine-tune data processing models to get the desired outcomes without lengthy setup times.
Platforms dedicated for running data science tasks are also now in the cloud market. They come with unique features that facilitate the fast setup of data pipelines from different sources, implementation of analytical models, and integration of AI and machine learning techniques in big data solutions.
Implement Better Disaster Recovery Solutions
While many businesses hurry to embrace the latest technology, only a few make the effort to implement proper backup and disaster recovery solutions for their systems. One major reason behind this hesitancy is the extra costs it adds to the already hefty bills of installing and maintaining on-premise software systems.
But in today’s business climate, you must minimize your service downtime and prevent data losses to win over customers’ trust in the long term. A cloud transfer can help your software systems in both these cases by scaling up or assigning newer servers and maintaining regularly updated data backups. And because of the cloud’s pay-as-you-go model, you only pay for the instances where the system actually relies on these additional resources.
Not One Kind of Cloud
Despite its many benefits, some businesses still hesitate to initiate a cloud transfer for their on-premise software solutions. The reasons behind this vary from wanting to avoid the hassle of transferring legacy codebases to doubting the protection the cloud provides for highly sensitive data.
Also, when pondering the possibility of moving your business to the cloud, you can consider other alternatives to the most discussed public cloud. Hybrid cloud and multi-cloud are two popular alternatives that have allowed businesses to experience the convenience of the cloud despite any hang-ups and concerns related to their systems. In fact, according to a survey conducted by Flexera, 92% of modern enterprises have adopted the multi-cloud strategy, and 82% have relied on the hybrid cloud.
Hybrid cloud permits businesses to run their software solutions on both public and private clouds. This type of setup gives you the freedom to run legacy systems without change while transferring more time-critical, data-intensive processes to the cloud.
Multi-cloud takes this convenience one step further and builds a strategy that can combine cloud services provided by several vendors, public or private, to suit the requirements of different software processes.
Start Planning For Your Transfer to the Cloud
Cloud computing has changed how businesses all around the world operate and evolve with the latest technology. From reduced costs, accessible business solutions, robust data recovery solutions, and easily deployable big data solutions, a cloud transfer will benefit a business relying on on-premise solutions and give it a much-needed edge to stay ahead of its competition. As more businesses move their software processes to the cloud following the lessons learned during the pandemic, it’s now your time to start planning to adopt a suitable cloud strategy for your business.
With the popular vendors in the market today, a cloud transfer has to go through the hassle of altering the business’s original on-premise applications to fit the chosen cloud platform. But with our CASFS+ cloud platform and workspace, you can simply lift and shift your applications to the public cloud and run them as they were without needing any code changes. CASFS+ smooths the transferring process so that you can start running your applications immediately on the cloud without wasting time on complex configuration steps.
Contact us today to set up a demo and see how CASFS+ can put your business quickly and securely in the cloud.