5 Ways in Which Cloud Technology is Changing the World of Business

The last two decades have witnessed phenomenal developments in technology. Among the most popular of these technologies is cloud computing.

The use of networks over remote servers accessible through the internet has become a game-changer. In a modern world of business driven by data, there was an urgent need for more efficient storage, access, processing and secure management of data. Cloud technology provided a timely solution for organizations to manage their data.

Cloud technology is no longer a buzzword but reality in the business world. While some analysts thought this was another tech fad, cloud computing has become an essential technology for businesses.

In 2019, spending in cloud IT infrastructure will hit $70.1 billion U.S. Industry reports say by 2020, 67% of enterprise infrastructure will be on the cloud. These numbers highlight the huge influence cloud technology now has one business.

Whether you want to launch a new business or you have a running venture, you need to evaluate how cloud computing can help your investment. Below are a few ways how the cloud continues influencing the world of business.

1. Flexibility At The Workplace

The modern workplace continues changing rapidly under the influence of technological innovations. With globalization, businesses can now expand operations across the world. This means business organizations will have more personnel working away from the office.

Cloud technology makes this workplace model possible by easing access to information. Companies can now store all their files on the cloud and employees can access these from any location in the world. Today, 16% of businesses hire remote workers and the number will keep growing. The cloud makes this new workplace model possible.

2. Cost-savings

One of the greatest advantages of cloud computing is in the cost savings. Businesses today don’t have to invest in data management infrastructure. The cost of servers, computers and other hardware and software required in business management goes down with the adoption of cloud technology.

What’s more, with employees working remotely, businesses will save on overheads including power, office space, and furniture among other expenses.

One of the industries that have embraced cloud technology is the casino sector. Today, online casinos run on powerful cloud servers allowing players from across the world to play their favorite games seamlessly. From online keno, blackjack, roulette to live dealer games, casinos now leverage cloud technology to save on operations and provide a better customer experience.

3. Secure Data Management

Big data is now a reality for businesses. In today’s highly competitive business environment, businesses have to leverage data to stay ahead. This is where cloud computing comes in handy. Data management is difficult for organizations.

To comply with the stringent data laws, you need a secure, efficient and sustainable data management system. Cloud-based data management is secure and adaptable. Businesses can avoid devastating losses associated with data breaches by moving operations to the cloud.

4. Scalability

One of the biggest challenges for business today is in adopting technology applications that suit their needs. Many organizations buy technology infrastructure that ties up their resources.

With cloud technology, it is possible to buy services tailored to your specific needs. From data management systems to data storage and backup, cloud service providers customize their solutions to suit the client.

5. Boosting Productivity

The business world is fast-paced and your company has to keep adapting to stay competitive. Investing in cloud technology empowers your employees to work remotely and even on the go. Decision making is now faster through cloud-based systems. This boosts efficiency in operations and productivity.

Wrapping Up

Cloud computing will continue impacting businesses across all industries. As an entrepreneur, you should look at the opportunities this technology offers for your business.  By adopting the cloud in your business, you will save on costs, improve productivity, secure your data more effectively and much more. It is the ultimate technology for a forward-looking business.