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10 FINANCIAL BENEFITS OF CLOUD MIGRATION
Companies that have long migrated to the cloud have confirmed the efficacy of this solution from a practical standpoint. This allows you to perform tasks with greater flexibility, work with data that is organized more quickly and efficiently, and store data securely. However, these are not the only advantages that businesses may gain from migrating to the cloud.
1- Increase Disaster Recovery Capabilities By 38%
A company that uses cloud storage has a disaster recovery deadline of two hours. Companies that use local storage, on the other hand, can solve this problem for up to eight hours, which can result in huge losses for the business. Modern disaster recovery tools support object-based cloud storage, which eliminates the need to first copy the backup to physical media and then restore it. For a company, this means a much lower risk of losing money due to downtime. Furthermore, the cloud provider is responsible for restoring the system to operational status, so this is no longer your problem.
2- Increase Flexibility By Up To 37%
One of the most important aspects of a productive day is having access to files. Employees who are not physically connected to an internal server are usually unable to access files stored on the server. Cloud storage allows you to do so from anywhere. As a result, your employees have more flexibility in completing daily tasks and can be more effective in situations where deadlines are critical.
3- Reduce The IT Department’s Support Burden Up to 36%
If the nature of your business does not necessitate the maintenance and payment of a large team of technical specialists, you can rely on the provider to manage the IT infrastructure in the cloud. This is more cost-effective than hiring a separate specialist for these duties. Even if your company is involved in software development, your specialists can work on more serious tasks than cleaning dust coolers and recovering accidentally deleted data. They can concentrate entirely on the quality of the product being developed and the efficiency of each sprint.
4- Zero Maintenance Cost
When you choose a cloud provider that aims to work effectively with a large business, you get full responsibility for providing quality services as well as a serious approach to the work performed. This includes the scope of services offered, the level of service, the dependability and modernity of equipment, the extensive experience of a team of engineers, competent planning and implementation of projects of any complexity, and an individual approach.
5- There Is No Capital Outlay
There is no longer a need to purchase expensive computers with high performance and lots of memory. All of your data will now be stored in the cloud, where the majority of the calculations will be performed. Users no longer require large computers or laptops; instead, a compact netbook is required for full operation. Furthermore, SaaS programs can now be used for day-to-day work. Another advantage is that you pay a monthly subscription rather than the software product itself, and you can use it for as long as you need for your business.
6- Reduce Your Carbon Footprint
If your company has an environmental mission, migrating to the cloud is an additional way to validate it. According to a study conducted by the Carbon Disclosure Project (CDP), a nonprofit organization that assists companies in tracking carbon emissions, spending on 69 percent of infrastructure, platforms, and software for US company cloud services with revenues of $1 billion or more by 2020 would save $12.3 billion in electricity and reduce carbon dioxide emissions by 200 million barrels of oil. This is sufficient to power 5.7 million cars per year.
Some IT directors and business owners believe that saving energy with cloud technologies is not a problem for them, but this may be a missed opportunity for them to save because not all companies today use energy saving in cloud technologies. Furthermore, this is another marketing opportunity to declare your environmental mission. Modern customers’ worldviews are changing as a result of the changing environmental situation, and they no longer want to be committed to brands that prioritize their business and money over the environment. Just keep this in mind when making your final decision.
7- Increased Cost Agility
Ordinary company servers are typically loaded to no more than 15% of their capacity. However, there are times when additional computing resources are required. As a result, the company’s servers are either out of work or unable to keep up with their workload. This irrational waste of resources will be eliminated by moving to cloud computing. You will now only use the computing resources you require, and the cost of equipment and maintenance will be cut in half. If a large corporation is concerned that its data is being processed “on the side,” cloud providers can help it build its own personal cloud. In any case, you only pay for what you use.
8- Reduced Data Security Risks
As you are aware, data is your most valuable resource, and the cloud protects it from almost any encroachment. According to a Gartner study, by 2020, 80 percent of all information leaks from the cloud will be due to improper configuration or internal company problems rather than the provider’s vulnerability. As a result, IT organizations will need to focus on internal business processes as well as personnel training in the fundamentals of security. In the meantime, your data in the cloud is secure, and the business risks associated with its loss are minimized.
9- Reduced Operational Costs
Every company has its idea of how to calculate cloud ROI. When calculating cloud ROI, most businesses consider both operational and capital expenses (OpEx and CapEx).
When we examine an organization’s computing costs, the largest single line item is frequently the staffing budget, which can account for more than half of a company’s operational costs.
10- Hardware Is Fully Utilized
By enabling virtual services, cloud computing enables natural economies of scale. Migrating resources to the cloud no longer necessitate the purchase of hardware and software. Cloud migration, on the other hand, makes full use of hardware.
Businesses not only save money on initial hardware purchases, but they also benefit financially from the cloud’s “pay-as-you-go” model of only paying for the storage they require and use.
Traditional hardware was designed to handle maximum workload data storage, forcing you to pay for maximum hardware when it is not always in use. The cloud does not squander resources. Thus, migrating to the cloud allows your company to scale up as computing needs grow and easily scale down as they decrease.
Pay-as-you-go platforms, such as Amazon EC2, for example, allow users to tailor computing resources based on what is used while plugging in any additional software to run their environment, such as:
- System software
- Controls on access
- Capability for networking
Company management is also frequently unaware of the benefits of the cloud, preferring to focus on their feelings rather than making financial calculations. At the same time, some businesses believe that the cost of migrating their data to the “cloud” is prohibitively expensive. All cloud services, on the other hand, are provided on a monthly rental basis, which significantly reduces the total cost of their use. After all, the cloud provider is fully responsible for the upkeep and modernization of IT infrastructure, relieving the company from these concerns.
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