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How the Cloud Can Help You and Your Company’s Finances

16 December 2014 No Comment

canstockphoto9423670The cloud is one of the most popular new computing trends, and it’s making big waves in nearly every industry. The value of the cloud is limitless and isn’t confined to convenience or usability. Turning to the cloud can even help you and your company save money when you leverage the technology in the right way. 

Streamlining Communication for Remote Workers

The idea of the professional office is quickly dissolving in many industries. IDC predicts that the world will have 1.3 billion mobile workers by 2015. This represents more than a third of the total workforce. With a huge number of employees moving into home offices, it’s more important than ever for companies to have an efficient way to keep everyone connected.

Cloud computing allows remote workers to collaborate as easily as if they were in the same conference room. They can share documents without the need for laborious attachments and even edit them together. The financial benefit of remote employees takes many forms. Remote workers don’t need an office space or employer-provided equipment so you’ll eliminate the costs associated with computers, office rental, and even a water cooler.

Reducing IT Expenses

When you use cloud computing, you don’t need to worry about capital costs. You’re not running the server yourself and you don’t need to maintain it. For every cloud solution that you implement, you can downsize your IT staff accordingly. A company with on-site servers and in-house software programs will need a large IT department to troubleshoot downtimes, handle upgrades, and keep everything running smoothly. A business that uses the cloud for most of its storage and programs can survive with just a skeleton staff in IT.

Even companies that traditionally provide on-premise applications are admitting to the value of cloud computing. Oracle’s Mark Hurd said, “…the growth for us in the future is driving the cloud.” Though they still provide SaaS (software as a service) and PaaS (platform as a service) solutions, Oracle may be moving with the prevailing winds that are making the cloud into a star player on the tech scene.

Sending Data Storage Off-Site

When companies store data in their own data center, they’re responsible for all the costs associated with this technology, including the equipment, electricity, and power and cooling. On-site data storage also requires a spacious location. If you’re planning to launch a start-up from your garage or want to keep the majority of your employees working from home, you may not have the square footage for data storage in your small office. Cloud computing lets you move the storage elsewhere, eliminating all the costs associated with keeping it in your building.

Providing Resources as You Need Them

One of the biggest challenges associated with a small business is scalability. You don’t want to purchase a software solution that’s larger than what you’ll need because the extra functionality is wasted. However, you don’t want to go too small either. If you outgrow your resources before you’re ready to upgrade, your financial success will be limited by the data storage or software capacity of your business.

Cloud computing is elastic. It expands and contracts with your company. If you’re experiencing fast growth, you can set up the cloud to grow right with you. During slow seasons, you can do the opposite and limit your storage or resources to conserve them until business picks up again. With cloud computing, you only need to pay for what you use.

Cloud computing is a smart choice for both entrepreneurs themselves and the companies they’re running. By turning to the cloud, you can move toward a highly reliable system without paying the price to keep a top-notch IT staff on site. You can even eliminate the physical workspace entirely and run a cohesive company with its own unique culture from points across the country or around the globe.

Cloud computing helps you keep more money in your pocket and tidy up your business’s budget by eliminating as many unnecessary expenses as possible and paying only for the tools and space that you really need, no matter how big or small your company is.

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