As the wave of
Cloud computing gathers speed, companies, big and small, are acknowledging the
fact that various economic benefits can be entailed by using services of Cloud
providers. The economics of IT is changing, and perhaps what is heartening for
people choosing to go the Cloud way, is that the trend shows little signs of
slowly any time soon. It is believed that, or rather theoretically proven that
the trend of Cloud is slated to grow and manifold with the benefits increasing
exponentially. As a result of the economic value that Cloud provides, soon
money could be thrust into other areas of concern for large economies thereby
ushering an era of change through IT alone.
Some of the value adds that Cloud
can provide to your business are:
1. Elastic consumption
If you have
implemented cloud in your company, you are probably no longer doing manual
tasks that you used to before. Cloud introduces the automation of most
practices in a company which make it flexible for the financial investors in
the firm to save some money. As a result, significant capital expenditure is
eliminated and a company enjoys the privilege of pay-as-you-go services.
Migrating to cloud eliminates risks that are usually associated with static IT
projects, thereby allowing the business to maintain its agility. This
elasticity, offered by Cloud services enables a company to take on
infrastructural challenges that their own in-house IT department would not be
able to support. Consequently, the bedrocks of your business become elastic
enough to be scale a company both ways, with immense ease, and without
compromising on maintaining continuity and growth.
2. The economy of its scale
Most companies
according to a recent study by Microsoft are only just waking to the
realization that Cloud implementation can significantly cut costs. According to
the analysis the scale of economics as was significantly low, as compared to
the latest findings. The current trend suggests that cloud could one day
deliver computing strength at costs 80 percent lower than the current prices.
This trend has been predicated on three factors: the supply side, where Cloud
can purchase and operate with cheaper infrastructure; demand-side, where these
purchases can be utilized efficiently by pooling users; and multi-tenancy,
which allows the sharing of resources, thereby sharing cost. For companies to
foster and take complete advantage of the Cloud computing trend, it is
essential to understand the underlying economics as well.
3. It promotes innovation
One of the
more romantic advantages for implementing Cloud is that it frees your resources
for other tasks. Most companies, especially the smaller ones bank on keeping
their heads above water, by at least keeping the office and their
infrastructure in place. Maintenance alone, of this infrastructure can eat away
into a company’s revenue stream, thereby leaving little scope for investment
into noble initiatives, or even new user and in-house change requests. This is
where Cloud would provide stakeholders a breather. By freeing resources, that
were previously pillaring the company’s foundation, can also contribute towards
experimentation and genesis of fresh ideas. Resources that are freed, as a
result of Cloud implementation can prove to be more productive as compared to
earlier times.
