Question

7. What are some potential opportunities you might recognise associated with introducing cloud computing?

Answer 1

Potention Opportunities of moving to the cloud：

The cloud enables businesses to enjoy computing resources over the Internet without actually needing to invest in them. These resources, which comprise software, storage, networking, virtual machinery, applications, and more, are available as utilities which businesses pay for as they use them. Since the offerings of cloud technology are so extensive, it serves as an ideal foundation to build a digital enterprise.

Having already disrupted the traditional business model, digitization is becoming the order of the day. It has become imperative for enterprises to embark on their digital journey, and the cloud is the catalyst that drives innovation and sets them on the right path. Here are some of the benefits the cloud can offer your business:

Enhanced efficiency

The cloud environment enhances an organization’s working efficiency, offering seamless collaboration and communication between employees, customers, and third parties—the cloud computing model provides all players access to data so that they can work simultaneously on projects.

Interoperability

Cloud integration provides interoperability. As systems move to the cloud, they become far more compatible with other systems. Tools such as data analytics and enterprise mobility are available as part of the cloud package and can be used to take a business to the next level.

Flexibility

The cloud boosts flexibility, enabling employees to become more productive. Users can access business data off-site and work from home, a client location, or anywhere else. This boosts both productivity and employee motivation.

Scalability

Cloud adoption makes it easy for businesses to scale up or down according to their operation and storage requirements. It eliminates the need to upgrade resources as these are provided by the hosting service, easing the process of scaling.

Data security

Another crucial cloud benefit is data security. The cloud handles enterprise data securely, keeping it safely backed up and fully recoverable to ensure business continuity in the event of a disaster.

Reduced costs

Cloud computing reduces infrastructure costs considerably as it eliminates the need to purchase expensive equipment and systems, maintenance and IT upgrades, consultant fees, energy consumption costs, etc. It also reduces delays as any issues related to these services are resolved more quickly. Moreover, the pay-as-you-go model is more cost-efficient.

Business agility

The cloud enables greater business agility as it offers a perfect platform for rapid development, distribution, deployment, and experimentation of new technologies. Enterprises enjoy immediate access to the latest innovative business strategies.