5 Ways Cloud-based Computing is Changing Business

The cloud revolution is here, and businesses around the world are enjoying the many benefits that cloud-based computing offers.

 

The cloud revolution is here, and businesses around the world are enjoying the many benefits that cloud-based computing offers. From security and reliability of data, to just plain convenience, cloud-based computing is changing the way we all work. 

However, it’s easy to get swept away by the buzz and hype and assume that cloud-based computing is just a fad for smaller tech and data companies. This could not be further from the truth.

As technology evolves, cloud-based computing is proving itself to be a valuable asset to organizations around the world. Read on to find out how many companies are using this technology to boost their productivity and change their business processes for the better.

The positive impact of cloud technology is almost instantaneous. 80% of companies report operational improvements within the first few months of adopting the tech. (Source: Multisoft)

Multisoft conducted a research paper that focused predominantly on startups and SMBs, which proves that the cloud is not only the territory of large and multinational companies. According to the statistics, cloud adoption is growing quickly for smaller companies, and most CEOs report the first positive results within a few months.

Small and medium businesses find it 40% more cost-effective to employ third-party cloud platforms than maintaining an in-house system. (Source: Multisoft)

Continuing the study found that more and more businesses are starting to see the cost-effectiveness of a cloud solution for their challenges. Some of the hidden costs of an on-premise solution that these companies reported on include infrastructure, supporting staff, setup, maintenance and security.

Cloud technology is so reliable when it comes to safety that 94% of businesses report significant improvements in online security after moving their data to the cloud.(Source: Salesforce)

According to a study by Salesforce, most businesses find cloud-computing to be more secure and reliable than on-premise solutions. This is due to advanced encryption methods clouds employ when transmitting sensitive data, ensuring no unauthorized users can gain access to the information.

91% of companies reveal cloud tech proves of immense help when dealing with government compliance requirements. (Source: Salesforce)

An extremely important factor for companies in regulated industries, cloud-based computing assists greatly when dealing with compliance requirements, according to the Salesforce study. Reasons for this include rapid approval turnover times, the ability to update documents almost instantaneously and the ability to share and use resources remotely.

71% of companies cite speed improvements, 63% state greater flexibility, and 57% pick the improved customer support as the main reason to move to cloud-based operations. (Source: IDG)

IDG’s research paper was conducted with organizations of various sizes. Larger organizations with more than 1 000 employees stated that flexibility was the most liberating factor of cloud-computing, while smaller companies sought business continuity.

This proves that the cloud works for businesses of all sizes for various reasons.

Take The Next Step

It’s easy to see that many companies are enjoying the benefits of cloud-based computing. Historically, the adoption of the cloud within the life sciences industry has been low, but this number is finally on the increase. With companies such as Sanofi, Pfizer and Waters adopting cloud technology and boosting their productivity, they are setting the pace for the life sciences industry.

If you would like to find out more about cloud-computing and how it applies directly to the life sciences industry, download our free whitepaper here, or contact EXTEDO to find out how you can fully embrace this new technology to its full potential.

 

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