3 advantages of Cloud Business Solutions

While motivations vary, businesses of all sizes, industries, and geographies are turning to cloud services. Whether you’re looking at Software-as-a-Service (SaaS), Infrastructure-as-a-Service (IaaS), or Platform-as-a-Service (PaaS), the predictions are the same: fast growth of the workloads placed in the cloud and an increased percentage of the total IT budget going toward cloud business solutions.

Many factors are driving cloud adoption, according to a study conducted by the market research company Vanson Bourne. “The Business Impact of the Cloud” report, which contains interviews of 460 senior decision-makers within the finance functions of various enterprises. The report named 11 drivers of cloud adoption along with measurable improvements companies have achieved by installing cloud business solutions to achieve productivity, lower cost, and improve time to market.

The cloud is a great way to run a business, since it offers many advantages and only a few disadvantages. Here are 3 key benefits an enterprise can expect to achieve when adopting cloud solutions for their business intelligence and budgeting and forecasting needs.

Scalability with cloud solutions

Different companies have different IT needs, a large enterprise of 1000+ employees won’t have the same IT requirements as small to medium-sized business. Using a cloud solution is a great way to enable the enterprise to efficiently and quickly – scale up/down their IT activities, according to business demands.

Cloud based solutions are ideal for businesses with growing or fluctuating bandwidth demands. If your business demands increase, you can easily increase your cloud capacity without having to invest in physical infrastructure. This level of agility can give businesses using cloud computing a real advantage over competitors.

This scalability minimises the risks associated with in-house operational issues and maintenance, which are of paramount importance in the business intelligence and data analytic area, where timeliness if key. You have high-performance resources at your disposal with professional solutions and zero up-front investment. Scalability is probably the greatest advantage of the cloud.

Portability–Remote IT Infrastructure with cloud solution

To touch on flexibility further, we must include how the cloud offers near limitless computer resources to its users regardless of their location. This is one of the major difficulties faced by many businesses in their budgeting and forecasting solutions, where those involved in the process are often based in different offices, cities and countries.

The ability to allocate an entire server-farm’s equivalent of computer power for any project or task via a few simple clicks is undeniably appealing. Every major player in business uses this kind of platform to provide its users and internal employees access to their secured data for their analytical requirements where-ever they are located.

Do more with less

With cloud business solutions, companies can reduce the size of their own data centres — or eliminate their data centre footprint altogether. The reduction of the numbers of servers, the software cost, and the number of staff can significantly reduce IT costs without impacting an organization’s IT capabilities.

Conclusion

Cloud computing adoption for business intelligence and budgeting and forecasting is on the rise every year, and it doesn’t take long to see why.  Enterprises recognise the benefits of cloud solutions and see how they impact their production, collaboration, security and revenue. Whether you intend to use the public cloud, a private cloud, or a hybrid model, cloud based business solutions can provide many layers of benefits to your business.