Adopting digital transformation is increasing across the business world. Everyone wants a digital approach, even a large or small to mid-sized business bound by technology. Cloud computing is a crucial pillar in an organization's digital transformation journey. This is why companies are rapidly migrating their applications, databases, and infrastructure to the cloud to reap the benefits of scale, cost, and speed. Adopting digital transformation helps businesses stay afloat and compete with their rivals in terms of performance. So we can say that it is getting increasingly 'cloudy,' but it's not about the weather. More and more companies are moving to the cloud from on-premises infrastructure.
Companies see many benefits of a cloud environment like small investments, digitized services, increased efficiency, etc. As the cloud hides the entire costly and complex infrastructure, moving to the cloud has become almost inevitable. Every business needs to move to the cloud, and so has its unique business drivers. A business driver is an interface or resource used for the development and success of the business. They are the inputs that drive the businesses operationally and financially to achieve the organizational goals. Following are the top 10 business drivers that are leading companies to cloud adoption:
Security is one of the main reasons businesses are moving to the cloud. As cyber-attacks increase, companies want to bolster cyber security by moving to modern platforms. Phishing and Malware attacks have also grown to be more sophisticated and are very difficult to combat. Cloud computing makes the business more secure against all these invading threats, and hence it is a key business driver for cloud adoption.
Hardware, storage, and network devices for an on-premises data center require a considerable investment. With the cloud, your capital expenditure (CapEx) gets reduced significantly. The pay per use cloud model enables you to pay only for what you use and thus saves a big chunk of your investment which you can use in other productive pursuits of business expansion.
Efficiency removes unnecessary steps to streamline the process. It increases productivity and gives a faster customer delivery approach.
Your computing services increase with your business growth. Maintaining them on your means increased costs and new infrastructure. But with the cloud, you can purchase more storage to meet your needs and have instant access to expanded capabilities. Cloud solutions are highly flexible and scalable.
If you store your data on-premises, you need to have a replication of it on some other location, and if that is not done, then you have to replace the entire infrastructure if a disaster strikes. Both these things prove very costly. But with cloud backup, your data is stored across several storage centers, and so even when a disaster strikes at one of the centers, it can be overcome quickly, thanks to the other storage centers and backups.
Cloud-based storage enables users to easily access the files they need, wherever they are stored. It becomes more convenient for the employees to use the technology and focus on other tasks leading to business growth.
It takes weeks or months to get new applications to run on traditional platforms. But in the cloud, it is a matter of hours. This reduces your time significantly and thus increases your productivity.
Migrating to the cloud gives a competitive edge to businesses as they can give their clients and customers innovative technologies that are easily accessible. With the cloud, organizations can provide their customers with quick solutions and thus increasing business agility and customer satisfaction.
Cloud servers are architected so that several customers can share the underlying infrastructure resources without compromising their privacy and security.
With the cloud, you can use many cloud services and application programming interfaces (APIs) and use flexible cloud tools and environments to build new and innovative applications and processes.
We hope we have answered all your questions regarding the necessity of the cloud and its business drivers satisfactorily. For the business to grow, cloud adoption is exceptionally vital.