The Benefits of Cloud-Based Solutions

21 September 2015
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Cloud computing

Cloud computing, or in other words, solutions that are made accessible through the Internet are forecasted for astronomical growth, and with good reason.

According to a Forbes article, “Global SaaS software revenues are forecasted to reach $106B in 2016, increasing 21% over projected 2015 spending levels.” The same article sites that, “A Goldman Sachs study published this month projects that spending on cloud computing infrastructure and platforms will grow at a 30% CAGR (Compound Annual Growth Rate) from 2013 through 2018 compared with 5% growth for the overall enterprise IT.” 

These are no menial numbers or statistics, and both adopters and software providers are paying serious attention to these projections. Not to mention, the benefits of Cloud-Based Software are plenty:

1. Lower costs and capital expenditure: Cloud solutions tend to be subscription-based, allowing companies to pay for exactly what they need. This also means that companies don’t need to dish out loads of cash for hardware, software and implementation services. It’s a more cost-effective way of doing business.

2. Quick and easy deployment: Probably one of the best selling points for cloud-based software is their immediate deployment through a web browser. It’s quick, easy and users can be up and running with the program in little to no time.

3. Easier adoption: Since the Internet is something that employees are well accustomed to using, they tend to adopt cloud-based software more readily.

4. Accessibility: One of the most valuable benefits is the ability to access cloud-based applications from anywhere, any time and any device. This creates an obvious advantage for businesses that have remote workers; not to mention, users increase their productivity by having their data systems at their fingertips.

5. Simplified upgrades: Cloud-based software providers take care of the updates and upgrades of their applications, as well as data backup and infrastructure maintenance.

6. Low commitment: The subscription-based nature of cloud services gives customers a sense of ease, since there is little commitment asked of them. Customers often have the option to cancel or not renew monthly or annual subscriptions.

7. System customization: Advanced cloud-based software providers will allow companies to customize features and capabilities according to their needs.

8. Flexibility: One of the most crucial reasons for businesses to consider cloud computing is the instant response to their needs. When a company requires more bandwidth than usual, a cloud-based software provider can respond to this immediately because of the vast capacity of their remote servers.

9. Recovery: Recovery plans are simplified with cloud-based services; the providers take care of most of the issues and their response time is typically fast.

10. Document management: Since collaboration and document sharing are such an essential part of working today, a company that doesn’t use cloud-based software is often left sending documents back and forth via email with endless formats and document names. With cloud-based software, documents are kept in one central location, with one official copy. This improves efficiency and ultimately, a company’s bottom line.

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