Cloud Computing is Here to Stay!

Cloud Computing is Here to Stay!

The pandemic and the ensuing disruptions, as a result, have forced businesses to rethink the way work is done. Part of this necessary ‘re-engineering’ of work and workspaces were possible with cloud computing and using cloud based business models. There is no doubt that cloud computing played an important role in bolstering businesses and mobilizing supply chains and office work globally. Given the remarkable mobility of operations using this technology, it is only logical that cloud will be one of the primary investments for companies in the coming decade.

Businesses are increasingly investing in technologies that will give them good returns both in the short-run as well as long-term. Resources are increasingly becoming scarce as the cost to do business rises. Capital and labor costs are impeding companies from scaling operations and building new businesses. If we are to look at this past decade, the economic, social, and political disruptions globally have impacted the corporate sector negatively. There have been several recession-like situations where companies have struggled with liquidity and cash flows. Operating and labor costs can definitely affect cash flows in a company.

Cloud Is the Way Forward for Growing Businesses

If businesses are to ensure increased scalability, business continuity, work efficiency and cost control, they need to invest in something that facilitates all these without disrupting underlying systems or processes. Cloud is the answer. Cloud computing lays the basis for process and business agility. There are many reasons for this. For one, computing resources are easily accessible through the cloud.

As workplaces become increasingly decentralized, there is a greater need for flexible work models and work management tools.
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We’ll look at some of the cloud computing trends and the different cloud solutions businesses will be adopting in the coming years to enable workplace flexibility and business continuity.

Software-As-A-Service (SaaS): hosting applications and software in the cloud has been most beneficial for companies in terms of accessibility, costs, and usage. Especially when it comes to back-office applications like accounts payable automation, sales order automation, or even medical claims processing. There is no physical deployment of IT infrastructure. Rather, all computing resources are hosted on the internet. This makes it convenient for businesses to access and work with applications from anywhere. Also, cloud service providers take care of deployment and maintenance of software according to client requirements, delivering only as much resources as is required by the client. This saves companies a lot on maintenance and infrastructure costs. Software updates are done automatically so users have the benefit of working with the latest version of application software at all times. SaaS applications and cloud computing for providing and managing application and enterprise software are an everyday necessity for companies wanting to lower operational, labor & infrastructure costs and encourage anytime, anywhere working.

Storage, Security, & Back-Up: Data dictates most business processes. Anytime a company interacts with its stakeholders like vendors and customers, a transaction record or data is generated. Companies need access to business data to run processes, functions, and make good decisions. Cloud enables off-site data storage, and users can avail just the required storage capacity on a subscription basis. This saves companies in data storage infrastructure and server maintenance costs, and enables them to manage their business data in a cost-effective manner.

Data is an asset. Data moves businesses forward. The right data can help companies mobilize operations, make decisions, and achieve targets in a time bound manner. But with the trillions of data generated today, managing and saving data has become a major challenge. Data backup is a significant investment as it is a challenge. Running out of backup space is a real problem with physical storage in devices and drives. Also, there is a real threat of losing data due to malfunctioning of the drive. Users may face compatibility issues when trying to transfer data from one device to another.

Maintenance of backup data is cumbersome and separate IT staff may be needed to manage data storage. Cloud storage eliminates a lot of these challenges. For one, companies do not have to worry about capacity and storage issues. Third-party cloud service providers usually take care of the maintenance, dispatch, and management of cloud-based storage, relieving companies of the huge responsibility of holding and managing large backup units in their office.

Data can be accessed from anywhere and it does not require the deployment of compatible software.
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Also, users can buy storage capacities from cloud service providers on a subscription basis, and add more storage as and when needed. Cloud storage is more secure and removes instances of drive malfunctions or operating errors when retrieving data. There are fewer instances of data being lost, damaged or unretrievable with cloud-based storage. Cloud solutions eliminate huge investments in IT infrastructure and storage space, while also giving users the flexibility to buy only as much capacity as needed. Distribution of storage capacities on the cloud on different server stations greatly reduces the risks of data overload — it is much easier to recover data when critical information is distributed on multiple servers, ensuring better backup.

Centralized Operations: the advantage with the cloud is that all operations can be managed on a single cloud enterprise platform from anywhere. Platform as a Service (PaaS) solutions offer centralized management of business functions, allowing for better coordination and collaboration between departments and across an entire organization. A centralized business operating model also ensures elimination of data and functional silos, as all business data and processes can be coordinated into single, continuous workflows in the cloud. Many cloud service providers also offer different licensing packages such as giving access to multiple users to a common platform solution. This enables teams to coordinate together to manage projects and operations simultaneously from anywhere, without having to be physically present at one location at any given time.

Email: users can avail cloud-based email services on a subscription basis, and achieve significant capital and maintenance cost-savings. Cloud provides good inbox security and storage can be upgraded as and when needed. Cloud solutions ensure better uptime than on-premise solutions. With automatic version upgrades and maintenance by service providers, cloud email users have little to worry about when it comes to maintenance. Another factor for the growing popularity of cloud email is that users can check for incoming emails from anywhere, enabling flexible working.

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To experience the cumulative benefits of cloud-based accounts payable automation and accelerate business, contact Artsyl today.

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