the origin of the term and concept are debatable among technology industry
pundits, there is no argument about the future of “the cloud.” A major buzzword
in the modern business sector, the cloud continues to baffle and disconcert
many traditional business leaders with its abstract description yet dominant
presence in a market that continues to be shaped by digital disruption.
Internet of Things, Big Data, and the cloud are changing the landscape of the
business sector, ushering in a new age that demands digital transformation of any
company that wants to survive. The following are four things you need to know
about the cloud and its role in creating a digitally transformative blueprint
of success for your business’s future:
1. It can mean the difference between
gaining speed and struggling to keep up.
succeed in this new, digital frontier, companies need to move quickly. The
availability of near-instant access to products and services made possible via
the Internet and mobile devices has created an on-demand economy in which speed
computing can enhance the speed of a business in a number of ways, but
generally speaking, its ability to simplify previously complex processes makes
it one of the best contributors to a business’s acceleration. Today, there are
cloud-based tools for every department within a company. Many of these tools
offer easily integrated platforms that streamline employee workflow, thereby freeing
up valuable labor hours better spent on more critical tasks. This enhanced
speed is a crucial element of digital transformation.
that choose not to take advantage of cloud computing in business may get left
behind. For example, major financial firms like Morgan Stanley are predicting
that in less than two years, 30 percent of Microsoft’s revenue will come from
the sale of its cloud products. Additionally, research firms are estimating
that global spending on cloud technology will grow by almost 20 percent each
year to reach $141 billion annually before 2020.
2. Cloud computing enhances the
enterprise mobility of your business practices.
in an SMB or startup setting, having all of the tools necessary to maintain the
speed of business operations while on the go can be vital to company growth.
With the adoption of the right cloud technology, employees who travel
frequently for business can still access the same data, files, and tools
available in-office, thus helping a company maintain its business velocity. The
flexibility inherent in being able to access data at any location is central to
digital transformation because it increases operational productivity, a core
tenet of what makes a business competitive in the digital age.
addition, both in-office and remote workers can benefit from cloud technology
designed to improve communication and collaboration on work projects.
Document-sharing programs, digital transaction management platforms like
DocuSign, video-conferencing technology, and project management software are
all examples of tools that make advanced employee collaboration possible in the
prior to the major growth in the use of cloud technology we are seeing today, a
study sponsored by Cisco in 2013 revealed that 87 percent
of business leaders surveyed believed that the cloud offered superior methods
for collaboration and information sharing between employees.
3. Cloud technology can reduce
operational costs and the workload of IT teams.
optimally conduct business before the development of cloud technology, a
company would have to invest in a high-functioning server, only a portion of
which it would actually use. The inefficiency of purchasing expensive
technology that a company won’t fully utilize is an unnecessary drain on
finances that cloud technology can mitigate.
technology allows a business to pay for only the amount of hosting it needs, thus
increasing efficiency and cutting costs. Companies also don’t have to
compensate for the building space in which the hardware resides or the utility
costs that running a physical server can incur.
cloud technology simplifies the infrastructure of your IT systems, which makes them
much simpler for IT employees to manage. Creating more time for your IT staff
can be a major asset in the digital transformation process because it allows companies
to delegate the talents of these employees to areas where they are most needed,
thus making your business processes more digitally savvy and cutting labor
4. Don’t rely solely on the cloud to
take your company digital.
the cloud can serve as a valuable tool on the path toward digital
transformation, business executives should be aware that adopting modern
technologies alone will not convert their company into a successful digital
business. Digital transformation isn’t just about the modernization of tools
and software, it’s about fundamentally altering the way that a company conducts
business in order to adapt to changing markets and customer needs.
that want to digitally transform must put the technology they adopt to use in
ways that create streamlined workflow, which ultimately creates a better
customer experience. However, the tools that allow companies to capture data
and react quickly to change are only helpful if they’re used correctly. This means
that businesses that were not “born digital” must change the way they operate
from the ground up.
technology can only help a business go digital if that business is willing to
take the necessary and radical steps toward improving efficiency, updating technology,
and better understanding the customer experience.