Cloud computing is an innovation that leads to enhanced efficiency and productivity. And this is exactly why 33% of companies are moving towards cloud computing, whereas 86% dedicate some part of their budget towards cloud services.

Here are nine advantages of cloud computing and how your business can benefit from them:

1. Upgrades and Enhancements Are Made Available When Released

Conventional software usually gets updates and new releases after a significant amount of time. On the other hand, if you have software as a service (SaaS), all the updates, upgrades and enhancements are carried out automatically.

And due to the added features and capabilities of cloud-based software, the overall efficiency, productivity, and effectiveness of your workflows and processes can be improved.

2. Do More With Less

With reliance on physical storage and data centers being reduced, companies can considerably save on their expenses.

For instance, they can reduce in-house servers, cost of software and the number of required staff to handle the overall infrastructure.

3. Pocket-Friendly

Pay as you require – you can opt for lesser capacity at the beginning, but as work and data load increases, you can subscribe for a better package with added features and functionalities.

4. 24/7 Accessibility

All major cloud service providers maintain 99.9% uptime and employees can have round the clock access as long as they have internet connectivity.

5.  Improved Mobility

Apart from 24/7 access, another benefit of cloud computing is remote accessibility; no matter what device you are using (phone, tablet or PC), you can access the cloud drive from anywhere and at any time.

6. Better collaboration

Team members can easily share and view information on the cloud platform’s shared storage. All changes are made in real-time and each team member is kept in the loop.

The best thing is that you can save a considerable amount of time – and significantly improve your operational efficiency.

7. A Cost-Effective Solution

You can put a considerable amount of your budget to better use, as cloud computing does not require any additional equipment, data centers, server rooms, hardware, etc.

8. Expenses Can Be Quickly Reduced

When a company is trying to reduce costs, they can easily do so with cloud platforms. This is because a majority of cloud service providers allow you to subscribe to a lower capacity package as and when needed.

9. Facilitates in Mergers and Acquisitions

When two companies combine their digital resources, it can be quite time consuming, costly and difficult on conventional systems.

But with both companies running their data centers on the cloud – the required data can be transferred more easily.

The bottom line is that even though the benefits outweigh the cons, many people are still comfortable with in-house data centers as they feel:

  • Data becomes more vulnerable to breaches in the cloud
  • There might be compliance issues
  • They might lose control

No doubt that these are valid concerns; but with proper training and awareness along with concrete corporate policies, they can reap a lot of benefits by moving towards cloud-based software.